The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1867-03-18

| old State. the weaker section should still
he hound for the entire debt In the event
of the refusal of West Virginia to pay an!
portion Of ity
Mr.. BALDWIN replied that he had already
stated that he considered both States ilapit
and bound, legally and morally, for tne
payment Of the debt.
We could not afford to repudiate an.
part of the debt Of tho State, when th'
interest could be paid by the trining taS
of forty-five cents on the $780,.
Mr.. Z. TURNER said to pay the interest
ON the State debt would require double
that tax.
Mr.. CRuMP said tax Of forty-five cent!
would pay the interest on the principa
of the debt, but would not touch the accu
INFLATED interest, which would require or
additional tax of fifteen cents on each sl0(
of property.
Mr.. BALDWIN said that even allowing the
necessary tax to be sixty cents, the cry O
inability to pay the tax was ridiculous
The rate of taxation would then be less
than in almost any State in the Union
The tax in West Virginia was $40 on
each 800 worth of property.
Mr.. SEAwELL hoped members would no,
be terrified by the cry of Reputation, y
which no man condemned more than him.
self. He wished to pay every dollar of in
terest due on every dollar Of the debt pro-
perly owed by Virginia; but he did not
consider orr people able to pay the debt
owed by West Virginia. The State OF Vir-
GINA had no existence save in the past. 1t
had been reduced to state of territorial
vassalage, and the acts Of its provisional
Assembly had no more weight than the
military authorities saw fit to concede to
them. Our industrial system, already
shattered by the war, would be still fur
Their weakened by the introduction of q
new political element, which would distract
the attention and relax the industry of our
.gricultuyal laborers by drawing them to
the polls and to political debates, to the
neglect of their duties.
1t was . settled principle of international
law that in the event of a division of a
country each''of the parts was responsible
for an equitable portion of the public debt
He thought the bill reported by the Fl.
nance Committee contained far more Of
reputation than the substitute offered by
him. That bill required the creditors OF
the State to accept less than the interest
due them, and compelled them to abrogate
the contract formerly entered into with
the State, under penalty of receiving nc
interest whatever.
| Who would be disposed to exchange
bonds formerly given by the State fol
thirty years bonds issued by the provisional
government of a territory?
He was opposed to scheme which pro
posed to continue its operations SO far into
future which was so uncertain.
Mr.. WATKINS moved that when TIT
House adjourn it adjourn to meet at IL A
NJ. on Monday. Agreed to.
Mr.. CRUMP moved to postpone the bill
and make it the special order for Monday
at IL M. Agreed to.
A message from the Senate announced
the passage of joint resolution that The
Assembly take a recess from THURSDAY
next, the 2lst instant, to April 10, anC
that the members receive no per diem du
ring the recess. The rules were suspended
and the resolution taken up.
Mr.. POWELL knew no power or prece
dent for depriving members of their pei
diem, and moved to amend by striking ou
the clause prohibiting the payment of the
same. The amendment was rejected.
Mr.. STRAUGHAN moved to adjourn
Hostages, Is; noes, SIS.
The bill was ordered to its third read
ing.
Mr.. CRUNP thought the House nigh
conclude its business and adjourn finally
on Thursday.
Mr.. KELLAM said there was still vas
amount of business to be transacted which
could not be finished by Thursday. Be
sides, we had been advised by the military
commander of the district to take a re
cess, and such advice bore with it the
force of command. He wanted to con
suit his constituents on the important sub
iects now under the consideration of thu
| Assembly.
The bill was passed by the following
vote:
| AYEs-Messrs. Bentley, Booker, Browning
Butt, Childress, Davis, Davidson, Dunning
ton, English, Fields, Garnet, Garrett, Gray
Glendy, Harris, Hansbrough, kellam, Ken
drick, Kilby, Leonard, Lewis, Mann, Martin
Mcdonald, McGruder, Miller, Moore Morris
| Mosby, Owen, Patterson, Peed, Ragsdale. Ro
bertson, Smith, W. F. b. Taylor, Trout, W
A. Turner White, Wood and Wyatt-4l.
| NoEs.-Messrs. Atkinson, Bekem, Bowles
Crump, Daniel, Dawson, Evans, Graves, Ora
ham, Hancock, Harnsberger, jackson, Jones
Lee, Merritt, Morgan, Rixey, Scott, Strayer
Straughan j. Med. Taylor, Townes, Thomp
son, H. Turner, Waddell, Watkins, Wilson
Wolff, Woodson, Word, and Mr.. Speaker-3l
On motion of Mr.. SCOTT, the House ad
| iourned,