Staunton vindicator. [volume] (Staunton, Va.) 1860-1896, 1866-01-26


grafton to Virginia and North Carolina, &C.;
that the company shall have power to run
one or more lines of steamers from Norfolk
to different points in Europe, and also to pur-
chase and hold lands in the State OF Virginia
and North Carolina, not exceeding twenty
five thousand acres in either State; that the
company shall have the power to make insu-
RANGES. remit funds, and exercise all the pow
ers granted to Express Companies; that the
capital stock shall not be less than one hun
dred thousand dollars and that the chief
Office shall be in Norfolk, Va.
The following bills were passed House
bill to provide for recording the losses Of war
during the late war; House bill in relation
to the attachment of steamboats, and other
vessels found within the jurisdiction of this
State House bill to incorporate the Virgin
Ia Iron and Mining Company House bill to
amend the chartered the Insurance Company
of the State of Virginia House bill to incor-
porate the Johnston Insurance Company !;
House bill to provide for the recruiting Of the
Public Guard;
Mr.. Gray, of Rockingham, offered a res
olution that the Committee or Roads enquire
into the expediency and propriety of author
ling the Baltimore and Ohio Railroad Com
pany to construct railroad from Winches-
ter to Salem, Va, and report. Adopted.
HoUsE-The Committee on Courts Of JUS
tice, to whom the stay law and the substitute
for the same were referred reported back
the same, through NJ. Joynes, IT'S chairman,
with the recommendation that they be laid
on the table. and reported, in lieu Of both, a
bill which they asked to be printed.
This being subject Of great interest to
our readers, we copy the proposed bill en-
tire:
The following is copy of the committee S
report:
WHEREAS, The war which was recently
waged for several years in the State of Vir-
ginia, in its progress and results swept out Of
existence the property in slaves, which con-
stituted very large proportion OF the wealth
Of the people, as well as a very large amount
of other personal property, and at the same
time annihilated the only currency which had
circulated for over three years, together with
the stocks and securities growing out Of the
war, in which the people had made large in
vestnents, and either destroyed or greatly
impaired the value Of all other stocks and Sc
eurities, SO that but little is now left to the
people, except their lands, which, for want
Of efficient labor, and in many large districts,
for want of stock, implements, fences and
buildings, cannot be successfully cultivated,
and, as a consequence of this condition Of
things, there exists an unprecedented search
ty Of money among the people Of the State !;
and, whereas, it cannot be questioned that
this State Of general embarrassment and dis
tress, presents the strongest appeal for legis-
latiye interference, to prevent the unjust and
ruinous sacrifice Of property, that would in
evitably result from forced sales under such
and while this General AS
sembly recognize their imperative duty to re-
spect and obey the constitutional provisions,
which prohibit the enactment Of any law I'M
pairing the obligation Of contracts, they BE-,
lieve that, when construed with reference to
the objects Of those provisions, and in the
light Of principles recognized and acted upon
by the courts of justice, at the time Of the
adoption OF the Constitution Of the United
States, as well as before and since that time,
those provisions do not forbid them from
granting temporary suspension Of remedies,
in such state of things as the present, in
order to prevent the cruel and ruinous results
which would ensue without such interpositiop,
and especially as it only requires that credi-
tors, while their right to ultimate payment is
II i cIon rs
to which they might be constrained, by the
instincts of natural justice and humanity
i. Be 1t enactecas&y the General assembly
Of Virginia, That while this act remains in
force no execution condition. erponos, attach
ment upon decree Or order for the payment
of money, or the sale of property for that pur-
shall be proceeded with; nor shall there be
any sale under a deed of trust, mortgage,
pledge Or other security, nor under any jtedg
ment OF order for the payment Of money, ex
cept in the cases heretofore provided for, un
til the first day of January, 1868.
2. The foregoing section shall not apply
to any case in which the debt or liability
sought to be enforced, was contracted since
the second day of April, 1865, or in which
the Commonwealth is the creditor OF party
benefcially entitled, or to taxes, levies or as
sessments due to county or corporation, or
in which an officer Of a county or corporation
is liable for taxes, levies or other moneys
or which should have been collect
ed by him for such county or corporation; or
in which the parties interested, shall consent,
Or in which the parties or any of them be in
to consent, q circuit court, or
Judge in vacation, having jurisdiction Of the
subject, shall determine that the interest of
such parties would be promoted by q sale or
to any case of alimony or of dover, or any
interests in lieu of dover, or to any allowance
or provision for the maintenance or education
of females or infants, or to any payment OF
rent, or of an annuity falling due after April
2, 1865, or to any proceeding to compel an
officer of the State or Of County or copora-
ton, or a commissioner or receiver, or other
officer Of court, or any tiduciary, to account
for, pay or disburse money received by him
since April End, 1865. or to any proceeding
against a fraudulent purchaser or donee, or
against property in his hands for a debt OF
liability of the vendor or donor, OF to any
proceeding against debtor or party bound
who has removed, is removing or intends to
remove his effects out of this State with intent