The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1867-02-15
n. ..;d com,,..,on,r. .h.ll he authorized

the said commissioners shall be autnorlzeu
to contract with proper parties, ana 70 IN
troduce into such contract any stipniations
that NAV be found necessary for the pro,
lection of the interests Of the state ana
of tho people desiring to use the said ca
nals. The certificate of the said commas
sioners shall, IL they deem II 10 De expo
dent. constitute the lessees corporation,
with all the rights and powers, and suo)ec1
TO all the duties and responsibilities proyi-
ded by the Code of Virginia in respect 10
internal Improvement companies, 10 ena-
bile them to carry the said contract into
effect. ANY contract made under this act
sbsll he certified BY the said commissioners
to the Governor, and shall De niea WIN
the Secretary Of the Commonwealth oerore
it shall take effect.
SECTION 2. This act shall be in force
from its passage.
CHESAPEAKE AND ogIo RAILROAD.
The hour of l O'Clock arriving, the dis
cussion of the James River and kanawha
Company's loan bill was suspended, ana
the House resumed the consideration OF
the consolidation bill, Incorporating the
Chesapeake and Ohio Railroad Company
for the completion Of the Covington and
Ohio railroad.
Mr.. HERSDoS, having the floor, opposed
the bill generally, but more especially on
the ground of alleged unconstitutionallty
| Mr.. GOoDE followed in support of the
bill and in answer to Mr.. HERSDoN. MIR.
GooDE made very able argument in be-
half of the bill, and considered it in the
broad light Of It's advantages to the whole
State.
The House spent the larger part of the
days session in consideration of this i'm
portant bill, and In the debate upon it
Messrs. HANsDRoUGH, GARRETT, u. TuR-
YER, BALDWIN, KELLEY, and CRuMP par
ticipated. We have not room TO notice
the course of the debate aud the several
amendments offered, which, indeed, is rem
dered uniuportant by the fact that the
days proceedings concluded III the aban-
donment Of the bill and the substitution,
by common consent, Of another, which
will como up for consideration tomorrow
friday morning. Mr.. CRUMP pressed
several amendments with the view OF in
creasing the security of the State for the
surrender Of her interests in the roads.
Some of these were accepted by Mr.. BALD
WIN, but to the last he proposed, requiring
the company to pay seven per cent. per
annum upon the debt to the State of the
roads consolidating, Mr.. B. objected. Mr..
CRUMP was recounting the value OF the in
terests of the State in the railroads, par
ticularly of the Blue Ridge railroad, when
Mr.. BALDWIN inquired whether Mr.. O..
would concur in bill authorizing the
Chesapeake and Ohio Company to pur-
chase the States interest in the railroads
with her bonds, dollar for dollar?
Mr.. CRUNP replied emphatically that
that plan met his appreciation.
Mr.. BALDWIN said, that anticipating the
objections that would be made to the bill
under consideration, and that this plan OF
exchanging State bonds for railroad stock
might meet the approval of the gentleman
from Richmond and others, he had pre-
pared bill upon that plan, and he would
now offer it as substitute for the bill be-
fore the House; and on his motion this SUBJ
stitute was ordered to be printed.
Messrs. BALDWIN and CRUMP had little
sparrins during the discussion, conducted
| in very courteous manner, which was
quite interesting to the House, showed the
readiness of the gentlemen, and concluded
in the most agreeable manner.
There being the appearance of good
deal Of harmony upon the new bill indi-
Gated by Mr.. BALDWIN, and it being pro-
per that it should be printed before its
discussion, the subject was for the present
dropped.
The bill providing for the sale of State
property and paying the public debt, one
of the orders for to-day, was postponed
until Saturday.
On motion of Mr.. KELLAM, the House
adjourned.