The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1867-02-18

opposition to the bill and It's several amend
ments.
Mr.. LEE made an explanation Of his sub
stitute, and presented statement showing
its effect. or.
question, which was sustained; ana ~, ing
vote being taken, the substitute Oh
LIRE was rejected. tho adop-
.,on of tho substitute offered yesteIu"y
Mr.. MEADE for the substitute ptopyMR
W.. Gan,n,;,tee ON Finance, Mr.. mcnAE
'ne oo na the Senate at length In advo-
90 The substitute proposed by the
STaes a Committee for the original bill.
i pand;ng Mr.. McRAE's remarks, Mr..
NJ nt, moved that the Senate adjourn.
IN this motion Mr.. OULD demanded the
yeas and nays; and the vote being taken,
the Senate refused to adjourn-yeas, 8;
nays, 16.
Mr.. McRAE then gave way to Mr.. KEEN,
who proceeded to reply to the remarks OF
Mr.. McRAE.
The question was then taken upon Mr..
MEApE's substitute, and 1t was rejected
The question recurring upon the substi-
tute proposed by the Finance Committee
for the original bill, Mr.. OULD moved to
amend by striking out from the third section
the following words: Provided, however,
that on all such certificates bearing inte-
rest at the rate of six per centum per an
mum the rate of interest thereon for the
first ten years shall be regulated at an ave-
| rage Of six per centum per annum during
the said period Of ten years, as follows !:
"Four per centum per annum for the first
one of said years; five per centum per an
| mum for the next succeeding year /; six per
| centum per annum for the next succeeding
five years, and seven per centum per an
nun for the next succeeding three years,
| with six per centum per annum after the
expiration of said period Of ten years."
The amendment was rejected by vote
Of yeas to II nays.
Mr.. KEEN was, at his request, excused
from voting on the amendment.
Mr.. MITCHELL moved to amend the bill
in the 18th line of the Sd section by insert
ing four per centum per annum for the
first one Of said years, payable one-half on
the lst Of July and one-half on the lst OF
January.
On this proposition debate occurred,
in which several senators participated,
when, at five minutes to o'clock, on mo-
ton of Mr.. OULp, the Senate adjourned
until Monday at IL o'clock.
HOUSE OF DELEGATES.
Prayer by Bishop Doggett, of the Metho-
dist Episcopal Church, South.
A number of bills were placed on the
calendar.
BILLS, ETC.,
were introduced and referred:
By Mr.. A, j. CLARKE.-A resolution IN
curing into the expediency OF authorizing
a Justice of the peace to issue garnlshee
summons.
| By Mr.. RoBERTsoN.-A resolution in
curing into the expediency Of imposing q
penalty for buying or receiving from minors
or irresponsible parties any scrap iron,
brass, lead, metals, or the like.
By Mr.. GooDE.-The petition Of L..
Gayle and wiz praying the release of the
States title to a certain house and lot in
| Norfolk city to Sarah Ii. Gayle.
By Mr.. HARRIs.-A bill to incorporate
the Arlington Real Estate Aid and Relief
| Company.
BY Mr.. RoBERTsoN.-A resolution in
curing into the expediency of amending
| the stay law.
By Mr.. PENDLEToN.-The petition of
citizens of Monroe county, West Virginia,
claiming that their county property be-
longs to the State of Virginia.
By Mr.. PENDLEToN.-A bill to incorpo-
rate the Central Savings Bank Of South
western Virginia at Central Depot, in Mont
gomery county.
By Mr.. A. J. CLARKE.-A resolution in
curing into the expediency of explaining
section 3 of chapter AZ and section OF
chapter lS4 of the Code, in relation to fees
of justices of the peace.
JOINT RESOLUTIONS ON THE PEABODY GIFT.
The Committee of Schools reported the
| following Joint resolutions, which were
placed on the calendar:
Whereas it has been made known to the
General Assembly Of Virginia that George
Peabody, Esq, has made a donation
amounting to largely over $2,000,000 to
the cause Of education in the southern
| States:
Be it resolved by the General assembly,
That the representatives of the people of
this Commonwealth, on behalf of their con-
sttuents and themselves, hereby record
their gateful appreciation Of the liberal
patriotism and enlarged philanthropy which
preferred this magnificent gift to the youth
of the South.
2. RESOLVED, That the General Assembly
recognizes in this munificent act not less
an enlightened interest in the noble pur-
pose to which the fund is to be devoted
than an suspicious desire for the resto-
ration of the amity once existing-but
now unhappily destroyed-between States
which in common toll and common coun-
Gil laid the foundations of constitutional
liberty on this continent.
3. Resolued, That copy Of these reso-
lutions, signed by the presiding officers OF
the Senate and House of Delegates, be
communicated to Mr.. Peabody by his Ex-
cellency the Governor of this Common
wealth in such terms and manner as may
seem to him most appropriate.
TELEGRAPH COMPANIES.
The Senate bill to regulate the charges
of telegraph companies operating through
or within the limits of the State came up,
with o substitute reported by the CON-
mittee.
The bill and substitute were opposed by
Messrs. KELLEY and BALDWIN and sus-
tanned by Mr.. LEONARD after which both
bill and substitute were rejected by the
House. In the course Of Mr.. BALDwIN's
speech he affirmed that the telegraph was
losing business in the South, and nothing
| but the hone of the increase of business