The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1867-02-26


!, .o1 On tusseikss, W. read . ttisA time,
srd. on motIon Of Mr.. GRAHAM, dismissed.
lThe motion wss sustained BY nesars. z.
TusxE1, WHITE, GAKxErr, and WALL,
and opposed BY Hf. EvAys. +-
IMMIGRATION.
The Senate bill TO amend. and reSnsct
the I'd and 9th sections Of IN act entitled
l"aa act 10 promote end encourage imml-
grafton into the State of Virginia" passed
March 5, 1860, was taken up.
Mr.. BooKER moved that the bill be eds
missed"
Mr.. OwEs opposed the motion. urging
the Importance of tho bill to the state.
| The value Of our lands depended upon the
amount OF immigration, and 1t was espe.
cially important In the present aspect OF
affairs that every encouragement should Dc
eiyen to the Introduction Of Immigrants
and the increase Of our population 10 that
vav. The money appropriated in the bill
was only slO, 900, and that was but an ad-
vance. TO be refunded. He moved that the
bill be "passed by; which motion was
agreed to. -s
JAMES RIVER AND AANAWnA ooMf
Mr.. PENpLEroS moved to take up the
bill allowing the James River and Kanawha
Company to borrow money. The friends
of the several propositions pending had
concurred in bill which he held in his hand,
and he would propose it as Q substitute If
the bill was taken up.
The motion was agreed to, and the bill
taken mp.
Mr.. PENDLETON withdrew the substitute
offered by himself, and then offered the
one be had indicated; but before the. House
could, proceed to its consideration the hour
for the order Of the day arrived, and the
House took up the Senate bill relating to
THE PAYMENT OF THE INTEREST ON THE
PUBLIC DEBT.
Mr.. CRUMP moved as substitute for the
Senate bill the bill of the House Com
| mittee Of Finance on the same subject
and Mr.. SEAwELL offered his bill as SUBJ
stitute for the substitute. After desultory
| debate, the subject was deferred until day
after tomorrow.
CUMBERLAND GAP RAILROAD.
| The bill to facilitate the completion Of
the Cumberland Gap railroad, an order
Of the day, was postponed until tomorrow
at o'clock.
EDUCATION OF THE INDECENT.
The bill appropriating 100000 for the
education of INDECENT children came up in
| order, and Mr.. Z. TURNER moved to lay 1t
on the table; which motion was agreed to.
JAMES RIVER AND KANAwHA COMPANY.
| The House resumed the consideration of
the bill allowing the James River and ka-
nawha Company to borrow money, pending
the substitute of Mr.. PENDLEToN, which
provides for loan upon mortgage of the
property of the company for the sum OF
$3.50, 900; this sum to be applied to the
payment of the floating debt Of the COM
pany, and putting and keeping the work in
repair; but this loan is not to be made un-
til general meeting Of the stockholders Of
the company, and the approval of that loan
by the company. II is further provided
that the Board of Public Works shall in
struct the proxies of the State to vote for
an investigation into the affairs Of the
company, and also to inquire whether
some measure may not be adopted to make
the canal self-sustaining, and prevent fur
Their increase ofindebtedness. One Of the
substitutes Withdrawn, it will be remem-
bered, proposed to appoint commissioners
to determine this question.
The substitute being read, Mr.. BALDWIN
(Mr. WATKINS in the chair moved to
amend the substitute by adding pro-
viso requiring the company to assume the
debt of $3.50, 900 of bonds issued under the
act Of March 2, 1862. In 1860 the State
authorized loan on guaranteed bonds for
$500, 900, to be spent under the direction of
the Kanawha board. In 1862 another loan
: was MISUNDERSTANDING 900 to be expended
by the company on its works; but the
officer of the State issued bonds precisely
similar to those under the act of March,
1860; so that upon their face they appear
ed to be anti-war bonds. Mr.. B. admitted
that under the Alexandria Constitution
the State was not obligated to pay this debt
created under the act Of 1862; but Mr.. B.
contended that the James River and Ka-
nawha Company was not exonerated from
: it. 1t was borrowed by the company, was
an honest debt, and ought to be paid.
Mr.. PENDLETON acquitted the company
of any desire to avoid this debt. 1t was a
part of their floating debt, and included in
the $3.50, 900 loan now proposed. Mr.. PEN
DLEToN accepted the amendment proposed
by Mr. BALDWIN.
Mr.. CRUMP stated that under the act OF
J 1860 a loan of 100000 was authorized for
the completion of the western part Of the
, line-only $4,000 Of bonds of the State,
however, was issued, and the act was re-
pealed in 1862, after the war commenced.
Under the act of 1862 the officer who issued
| the bonds authorized by that act took the
unissued bonds authorized by the act OF
1850, bearing the date Of 1860, and handed
them over to the James River Company
But these bonds were nevertheless issued
during the war, and came under the de-
nunciation of the Alexandria Constitution,
and could not be paid.
Mr.. CRuMP continued his speech until
the hour Of recess, being interrupted seve.
raj times by Messrs. BALDWIN, WOOD, and
PENDLEToN, who contended that the com
pany was bound to pay the $4,000, not.
withstanding the paper given as an obliga.
ton to pay the money was valueless.
Mr.. CRUNP said 1t was not his purpose
to argue the question of the moral obliga.
ton resting upon the James River and
: Kanawha Company to pay this debt. That
was judicial question, which 1t did not
become this House to settle. They had no.
thing to do with it. He objected to the
accomplishment Of the object by indirec.
ton. Should it, however, be decided judi
cially that even the State had to pay this
debt, though he might never again have 9
seat in this hall, he would urge his success
sors, be they black or white, to pay it
[Laughter.]
The House took its recess.
4 -------------
MARRIED.