Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1861-03-11
hioh har. op.r.,ea "a depreoIate the rnue Of our

which have operated deprecae the value OF our
State bonds should be nevertheless forced to Disagree
with the conclusion that therefore the Legislature ought
TO uerpose 10 relieve the contractors on the Covngton
and Ohio Railroad. They have claim upon U.s. on
the other hand they have expressly covensted with the
Board Of Public Works that they will make no claim
and be entitled to indemnity for any loss or losses
then NAV sustain in the sale or disposition OF the bonds
thus purchased" And rs TO the argument that some
relief necessary to these contractors in order that this
work may not be suspended the great dstrment and
| il Jury of the State / have only to say that while
members at least, upon this floor seem eager to
suppress and which have to believe is unknown
to many members upon this floor and 1t Is this
that by the very terms of the contract between
these contractors and the Board of Public Works the
Board is retain in its possession 20 per cent oil the es
Inmates due on these contracts as security Tor the faithful
ufment of their contracts the part OF these contrac
tors. And by the very terms OF the conract Is agreed
and understood between the parties that the work en-
braced in these contracts shsll be commenced 10 spec
fed time and prosecuted with such force as the Chi
Engineer shall deem adequate to its completion within
the time specified in their agreement then and IN that
event. the Engineer such other agent as the Cel En-
gineer may designate, may proceed TO employ sucn
number of woTkmen laborers &C., as may IN the opinion
of the said engineer agent be necessary 10 insure the
completion of the work in the time limited in the con-
tract and 10 purchase such materials may be required
therefor such wages and prices as he may hnd II ne
cessary expedient TO give pay all persons so employ
ed ard for materials purchased and charge over the
|
| them on their contracts
IT, then these contractors because OF the depreciation
of State bonds for any other cause, care not what
shall fail to prosecute their work according to the terms
Of their contract the Chief Engineer is TO carry on the
work with the friends of the contractors retained by the
| Board of Public Works under the agreement between
| shem aud the contractors
These contractors have 10 claim upon us which every
! Dond-hoder Of the State does not have.
The motion to lay the bill and substitute on the table
was carried. -
The following Is the substitute offered by Mr.. CRUMP:
Us cas- the contractors COvlngon and Ohio Railroad
ofthe depreciation OF state
oSN nsay S1us1u ~ oul rr, 800 sIJa, snd Il heIy
manesy the interest Of The tax payers OF The state that The
the Coyngton and Ohio RSrod should not be suspended
Be enacted by he General Astay Of Tginia That the
Board Of Public Works be empowered and Instructed TO Increase
the price Of the work ten cen'um TO the contractors on the CO.
yngon ohio Railroad provided that said Increase shall ong
owed to the contractors engaged In 'na construction
said and provided further that ad Increase shall only con-
| iinue until the fret day Of December, lsbl
This act shall be in force from and sfter Its passage
PASSED.
Amending the charter of the City OF Richmond lex
tending its corporate ims) authorizing the Merchants
Bank OF Lynchburg and the Monticello Bank to establish
branches at certain places authorizes the establishment
by said Banks Of branches, at Rocky Mount Franklin
ccuGty GoodsOn and Abingdon, in Washington county;
Lebanon in Russell county, and Princeton, in Mercer
county,
communication was received from the Senate,
through Mr. Nash announcing the passage OF joint re-
solutions by that body concerning the payment OF deln-
quent taxes for the year 1860.
THE TAX
The bill imposing for the support Of Government
coming up as the unGuishe business of yesterday and
after being yarously amended ordered to its en-
grOssment
On motion Of Mr. GRATrAN the House adjourned.