Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1863-10-20
0F vERslElk
extra SESSION.
MsSDAr, OCTOBER 10, 1863.
SENATE

by the Vice President, Mr.. JOHNSON.
The committee for Courts of Justice, report
ed an act amending section 9 Of chapter leo,
of the code of Virginia.
A communication was received from the
House of Delegates announcing the passage
of a resolution suspending the reprint of Sd
volume Grattons reports heretofore ordered to
be printed.
Mr.. WILEY offered a resolution, which was
agreed to, that the Senate will to-day, and on
each day hereafter, take q recess from ; o'clock
until s o'clock, T. NJ.
House bill allowing the Petersburg Iron
Manufacturing Company to hold not more
than twenty thousand acres of land at any
one time, was read the first and second time,
and referred to the Committee for Courts of
Justice.
The bill to incorporate the Home Insurance
Company of the city of Petersburg, was or
dered to be engrossed, and read 4 third time.
The bill to incorporate the Southern 1nsu-
rance Company Of the city Of Petersburg, was
also ordered to be engrossed.
The committee appointed to examine into
the condition Of the ordnance department o!
the Commonwealth was discharged from the
further consideration Of the subject during
the present session.
Tie Committee on Military Affairs. asked to
be discharged from the further consideration
of the resolution fr preventing any one man
from holding two or more commissions in the
militia of the Commonwealth. The rcoues,
was granted.
The Committee on Military Affairs was
discharged from the further consideration Of
the resolution inpuiring as to the terms and
10y what authority the Confederate Cadets
are received into the Virginia Military In
stitutc.
AMENDMENT TO TIE RULES.
Mr.. CHRISTIAN proposed an amendment 70
the rules, providing against an interruption
of the business OF the Senate, which was
4, adopted.
CONFEDERATE CURRENCY.
Mr.. MARSHALL offered the following p7cam-
BILE md resolution, which were referred to
the Committee on Confederate Relations:
Whereas, The safety Of the people Of these
Confederate States stands imperilled by inya-
ding armies, their domestic Institutions are
threatened with subversion, and freedom to
the negro, with his continued residence in the
country on terms Of social and political equal
ity with the white man, are now the aYnwcd
purposes Of the war wagcd against w.. Ard,
whereas, in the immineucc II their danger
there is but one voice of the Southern people.
and that IL voice of resolved defiance and
brave resistance ard they look to their rep
rcsentatives in Congress and in the State
Legislatures to see that every energy Of the
country shall be placed in Efficient organizl>
ton to guard their national safety. And,
whereas, when every right Of person, every
right OF property, and all rights OF ST.
ciul position of the citizen are ct hazard !:
when a trusting people chccrfully place their
lives and their possessions At the call Of their
country, it is eminentlY fitting that Tie au>
thorities Of the several States o: the COnfcdc-
racy should act in wise concer; and combina>
ton with the Confederate authorities. and in
joint counsel, and in. the exercise Of their aF-
prorriate powers, shall command yiGor to the
vast resources Of the notiun. And, whereas. the
bonds and public credits OF the Confederate
Government have f~carfully deprecated. ana
from this cause the capacity Of the country
for self-de!cncc is greatly embarrassed and
it is now obvious to every mans reason thar
caused this depreciation, it is, therefore. an
imperative duty to exert every power Of our
system of Government to restore and rrcScrrc
the public credit. Be it, thercf re,
Resolved by the General Assembly Of the
OUulLllOH Cultl vi , tHii'i, iII.tb lIc JUN
Committee on Confederate Relations be in.
structed to inquire into the expcdicncv of
adopting the following system Of measures for
the correction of the evils resultant from the
redundant currency of the Confederate Gov
eminent; and, also, that said committee adopt
all steps required for procuring the concerted
and efficient cooperation Of the other States of
the Confederacy, and of the Confederate GOv>
eminent in the same measures:
FirSt-That with q view to & pr~omptahate-
ment of this redundant currency, a loan he
exacted of the people of Virginia, (rayallcin
Confederate currency equal in amount to
one-tenth of the assessed value Of all the pro.
perty of the people of the Commonwealth
and for the ~effcctual collection Of the lean that
a tax bill beissued against each property holder
of the Commonwealth for the amount assessed
against him, which shall bind his lard and real
estate as of firstliens, and which shall also have
the force Of an execution in all other respects.
This provision shall not he enforced, however.
until and unless all the States of the CUnfaGc-
racy, whose State governments arc unhrokcn
and remain organized, shall have imposed the
same measure upon the people Of their re-
s~pective States, and shall also concur in ea-
tablishing the other measures of relief herein
proposed to be enacted. Nor shall this rrovi-
sion be operative unless the Confederate Con
gress shall authorize the issue Of its bonds to
the taxpayers for the amount thus paid, and
the bonds to he payable in - years, or at
the discretion Of the government, and net to
be liable to taxation either by the State or the
Confederate Government, and the interest (siz
per cent to be paid in the cotton bonds Of
the Government. during the war. and IN spc-
Gle, when peace shall have been conquered
Said bonds may be assigned or passed from
hand to hand by delivery; but the original
holder shall remain bound to the party in pos.
session of the said bond, and shall DO bound
az assignor for the faithful discharge Of its
principal and interest, any contract or agree
ment to the contrary Notwithstanding. Fur
thermore, to give credit and value to said
bonds. they shall have coupons thereto attach
eI, which shall DO receivable in payment OF
dues imposed upon foreign commerce.
. And further to provide against the evils Of
future redundancy of the currency. tho sail com
mittee shall enquire into the e1pcdiency Of in
| s~tructing our Senators in the Congress Of The
| Confederate States, to advocate the passage cf II
law, that in all future impressments ofarmy sup
plies. payment Of the same shall be made in tie
like bonds Of the Confederate Government. hav.
ing the same conditions aud the same exemp-
tions as those executed for the force law.
Sceond-Fort the purpose Of giving confidence in
Confederate bonds and rendering them n safe
and desirable investment Of surplus currency.
that the Committee be instructed 10 inquire into
the expediency of Establishing n national sinking
fund. on the plan reported by a select Committee
of the Senate on the I9;h of March, lcG3.
And last. with q view of checking speculation.
and of inducing Investments of surplus currency
in Confederate bonds@ said Committee be in
strncted to inquire into the cxpedicncy Of pro-
hibiting by law the sale and transfer of real
estate within this Commonwealth for the space
of one year. and of declaring ali contracts and
sales Of lands in that period absolutely void.
BILL TO REDUCE rRICEs.
The bill to reduce prices, being the order IF