The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1870-06-07
General Assembly Of Virginia.
MosnAr, june s, 1870.

Johns Episcopal church. aa
SETTLEMENT OF BOUNDARIES.
The Senate agreed to House joint resolu-
ton for the appointment of commissioners
to settle boundary lines between Virginia
and the following States respectiyely-viz.,
Maryland, North Carolina, and Tennessee.
.a,- ADJOURNMENT.
Senate Joint resolution fixing June 10 for
the adjournment Of the two Houses was
laid on the table-ayes, 1S; noes, s.
rs BILLS PRESENTED.
Mr.. COURTNEY presented the following
biils-yiz 4
To repeal section of an act concerning
the city of Petersburg, and to provide for
the more efficient government of the same.
Directing the removal Of the scat Of JUS
tice in the county Of Chesterfield.
CANE FIBRE COMPANY.
Senate bill chartering the Virginia Cane
Fibre Company was passed. .a.
BILLS ADVANCED.
The following Senate bills were advanced
to their third reading:
TO provide for laying the county levy for
1870. !
To amend an act authorizing the Hust-
ings Court of the city of Richmond to I'M
panel 4 grand jury.
Senate bill to establish and maintain a
uniform system Of public free schools was
under consideration when the Senate adj
|journed. /
4. HOUSE OF DELEGATES.
The House met at 10 O'Clock, and after
some preliminary business consolidation
was taken up. MIR. THOMAS made a speech
advocating it, and Messrs. MAHooD, of
Giles SoUTHALL, of Albemarle and Nc
CRACKEN, Of Louisa, made speeches OPP
posing it. The debate became general to-
wards the close of the session, and will be
continued to-day. -1a. +
The SPEAKER presented the following COM
munication from the Governor with accolfl-
panying letters
+" COMMONWEALTH OF VIRGISIA} /
EXECUTIVE DEPARTMENT., I (
"RICHMoND, June 6, 1870. } ,
"7'o the General Assembly: I
81 have the honor to transmit herewith
for your information and such action as
you may deem proper a correspondence be-
tween the Hon. John b. Baldwin and my
self relative to the States interest in the
Virginia and Tennessee Railroad Company.
The feppwna & the letter a e. of HON.
Baldwin: Il.
''STAUNToN, VA, June 2, 1870.
g To the Governor of Virginia: /
Sir,-Referring to my telegram of this
date, / beg leave respectfully to inform you
that am authorized, as counsel for parties
of well-known responsibility and RESPONSE
bility, to negotiate with the proper authori-
ties OF the State of Virginia for the purchase
of the States interest and claims against
the Virginia and Tennessee Railroad Com
pany on the basis of State bonds and inte-
rest at par for the stock Of the State in the
company. l.
1.-The parties for whom act recognize
the propriety and policy OF an inquiry by
the State as to the motives for the proposed
purchase and the probable uses to be made
of the property and they instruct me to
say in advance .-, $780,. -,
81. That they are principal owners of the
East Tennessee, Virginia, and Georgia rail-
road, extending from Chattanooga to
Lynchburg; and their desire and hope is
that road and the Virginia and Tennessee
railroad as to establish and maintain great
trunk line from Chattanooga to Lynch
burg.
= ss2. That they are not interested or con-
cerned in any railroad east of Lynchburg,.
and they propose, in good faith, to address
their efforts and energies to the establish
ment, Improvement, and maintenance, of
the line between that point and Chatta-
nOO.a. .......-s... -.. @~
"3. That if the authorities of the State Of
Virginia are not satisfied with the present
stringent provisions of the charter of the
designed to prevent discrimination among
connecting improvements, no objection
will be offered TO amendments providing
the most efficient means Of enforcing those
provisions specifically, so as to insure. in
the full meaning of the term, real trunk
line.'
st4. That they have assurances of the CAPT.
tai necessary to put both roads from Lynch.
burg to Chattanooga in good condition.
"lf these motives and purposes commend
themselves to the favorable consideration of
the State authorities my instructions are
to offer negotiations on the following gene
raj basis 800.
81. They propose to give State bonds and
interest at par to the full amount of the
stock held by the State In the Virginia and
Tennessee Railroad Company for the en-
tire interest and claim of the State, the
State transferring its controverted demand
against the company to the purchasers for
the common benefit of all the stockhol-
ders. eas.s-,
80. They propose to pay in State bonds,
and interest at par $300,00 Of the price on
the ratification of the contract, and the res
sidue in three equal annual payments
thereafter the payment Of $500. 900 to be
held as security for the after payments, and
to be forfeited upon failure to comply with
the contract.
SO. The stocks to be placed under. the
control of the purchasers from the making
of the first payment 50 Ear as to authorize
them to vote in the meetings OF the COM
pany, but, not to be transferred In owner
shin until fully paid for.
90, They win ask as condition OF the
contract that the charter Of the Virginia
and Tennessee Railroad Company shall be
amended 40 as to allow one vote for each
share of stock in meetings of the company.
"Such being my general instructions,
address myself to you as Chief Executive
officer of the State, and as such the Presi-
dent of the Board Of Public Works, and I
respectfully request that If you deem the
matter worthy Of consideration you will
communicate 1t to the General Assembly. :.
elf deemed proper or desirable will be
ready to confer with you, or with the Board
of Public Works, or with any committee of
the General Assembly, on this subject.
Respectfully, your obedient servant,
"JoHN b. BALDWIN,"
estate OF VRaIN1A,l
s'ExECUTIvE DEPARTMENT,
RICHMOND, June 4, 1870.
i" Hon. John B. BaId,oin
.t"Dear Sin, ON my return from Norfolk
to-day found your favor of the Cd instant
on my table. AS the General Assembly is the
only State authority which can properly re-
spond, or authorize response, to your pro-
position, have referred your letter to it.