Richmond Whig. [volume] (Richmond, Va.) 1862-1865, 1863-10-20
GRNERk1 ASSEMBLY OF VIRGINIA..
EXTRA SESSION.

-.
GRNERkL ASSEMBLY OF VIRGINIA.. !.
EXTRA SESSION
SENATE
MONDAY, Oct. 10, 1868.
The Senate met at IL o'clock, and called to or
| der by Vce.President JcHasos.
BILLS RKPORrkD.
A bill amending section OF chapter leo ofNhe
| Code Of Virginia
A communication from the House announced the
passage of a resolution snspending the reprint Of tho
Sd volume Of Graltss reports heretofore ordered 10 lie
| printed.
| Mr. WILEY again offered resolution providing for
recess from to O'Clock, p. NJ, which was LAID Oh
| the table
| The Committee on Military Affairs were discharged
from the further consideration of the resolution to in
ouire into the cnddon of the Ordnance Department Cf
/ the Commonwealth
Also, s'upon what terms and by what authority Con-
fedsrate Cadets received into tho Virginia Military
| Institute"
Also, a resolution nquring into the expsdiency Of
| preventing any from holding tso more COM
missions in the militia OF the Commonwealth.
| MIGHT SESSIONS
Mr. WILEY next called up his resolution providing
for recess from TILL o'clock, p NJ, which 6ns-
" adopted 50 that to-day and hereafter there will be
| night sessions OF the Senate.
NEW RULE
| The following rule WAS adopted by the Senate
ain order to prevent interruption OF the business OF
the Senate the Doorkeeper shall be constantly at his
post during the sessions of the Senate and shall admit
within the chamber person, except officers OF the
Government of this and AM other State, and Of the
Confederate States, members and ex-members OF Con-
gr.ss and House Of Delegates their officers, aud
members OF the Senate Of Virginia, and ministers OF the
Gospel and reporters OF proceedings Of the Senate.
But ladies' and their escorts may be assigned privileged
seats 1t shall be his duty, when any person desires
| interview with a member the President Clerk of
the Senate to send message to him. and such person
may be admitted to one OF the privileged seats if 80
invited by either Of them. And The President of the
Serae shall moreover be permitted TO invite to seat
near the Chair any person he may deem worthy Of dis
tnction."
| JOINT RESOLUTION
| Mr. MARSHALL OF red a lengthy preamble and les.
oluton setting forth that excessive issues Of Conede
rate paper have caused depreciation Of public credits
of the Confederate Government aud that therefore it is
AN imperative duty to xert every power Of system
OF restore aud preserve the public credit.
Therefore:
"Bs il resolved by the General Assembly of the Com
monwesh of Virginia. That the joint Committee Con-
sdera,e Relations be instructed TO inquire into the
pediei cy of adopting the following system OF measures
for the correction OF the evils resultant from the redun
daut currency OF the Confederate Government, and
also that said committee adopt all steps required for pre-
curing the concerted and efficient operation OF The
other States OF the Conederacy aud the Confederate
| Government in the measures First that with
view to prompt abatement OF thisredundant currency
loan be exscted Of the people OF Virginia. payable
in Confederate currency equal in amount 10 onetenth
of the assessed value OF all the property of the people
of the Common weath, and for the efecual collection
of the loan that tax bill be issued against each pro-
perry holder Of The Commonwealth for the amount
ssed against him. which shall bind bis land and real
es ate as of first liens aud which shall also have the
force of execution in all other respects This prov
sion shall not be enforced hosever untn and unless eli
the States of the Confedeacy, whose State govern.
ments are unbroken and remain organized, shall have
| imposed the same measure upon the people of their
respective States and shall also concir in establish
| ing the other measu of relief herein proposed to
| be enacted; nor shall this provision be operative
unless the Confederate Congress shall autboriz, the is
sue of its bond the pryers for the thus
| paid said bonds to be payable in years, or at the
discretion of the Government aud not to be liable to
taxation either by tie State by the Confederate Gov
ernm, Mt and the interest," sx per cent 10 be paid in
the cotton bonds OF the Government during the war
aud in specie 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 possession OF the said bond and
shall be bound assgnor for the faithful discharge of
ta principal and interest," any contract agreement
TO the contrary notwithstanding. Furthermore TO give
L
thereto attached which shall be receivable payment of
| duties imposed upon foreign commerce. And further
TO provide az the evils OF further redundancy OF the
currency the said committee shall inquire into the
pedency Of instructDg Senator'S the Congress Of
the Confederate States TO advocate the passage of law
that in all future mpressments Of any supplies payment
Of the shall be made in the like bonds Of the Con-
federate Government: having the same condition, and
the same exemptions those executed by the force
loan Second for tho purpose OF giving confidence in
Confederate bonds aud rendering them safe aud de-
sirabe investment Of surplus currency, that the
mee be instructed to inquire into the expedieDcy OF
establishing national sinking fund the plan reported
by select committee Of the Senate ut the extra session
of the Legislature on the l9Gh OF March, 1868 And
last with view of checking speculation and of in-
ducng Investments Of surplus currency in Confederate
bones said committee be inst ucted 10 inquire into the
sxpediency OF ohibog by law the sale and transfer
of real estate within this Commonwealth for the space
of one year. and of declaring all contracts and sales of
LANDS, &C., in that period absolutely void.
| REGULATING PRICIs.
The bill regulating prices, being the first order of the
| day. was then taken up, when
| Mr. PRINCE addressed the Senate. He but professed
/ TO represent bis own constituents This debate had de.
veoped great conraety OF opinion, as 10 the causes
from which the people suffering Some attributed
| Il to extottOn some 10 other causes He thought
we're suffering from scarcity from depreciation, FROM
extortion and from redundancy OF the currency. He
opposed the system of fixing prices, because It
OF inequality, aud because 1t struck blow a. produc
tion de bad still stronger objection 10 the bill. It
was insuperable objection. He did not believe such
system could fail to produce the most dire evil unless
il was simultaneously adopted by every State 10 the
Ooniederacy. He thought it best 10 leave the whole
subject it stands than by such means attempting
to reach au evil which the Senate could not affect and
thus bring upon ourselves the most direfu conse
| quences.
Mr. ParsoK was followed by Mr.. NEWMAN, Of Ma
| son, the opposite side.
Mr. COGHILL next took the floor in favor of the
bill The Legislature had ignored the principle OF sup
ply and demand Of free trade when it last year pro-
hibted the raising Of than stipulated number Of
hills of tobacco and prohibited the dstation Of grein
The Secretary Of the Treasury had computed that the
country could bear greater Issue than is in crcu
lation-theu the redundancy of circulation 10. the