The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1870-06-01
General Assembly Of Virginia.
TUESDAY, May 81, 1870.
SEN ATE.


SENATE.
The Senate met at y O'Clock M.-Lieu-
tenant Governor MARYK i'll the chair.
PRAYER by Rev. Thomas l.. Preston, Of the
First Presbyterian church.
COMMUNICATIONS.
The PRESIDENT laid before the Senate a
communication from the Governor OF Mis-
sissippi and resolutions of sympathy adopted
by the Legislature of that State at the dis
asstcr of the capitol, April 9th, 1870.
t MIR. LEWIS moved that the resolutions and
he communication bc referred to special
committee.
Mr.. PENN desired that the subject be
spread upon the Journal Of the Senate.
Mr.. LEWIS then amended his proposition,
and moved that Il joint committee Of three
on the part of the Senate and tive on the
part of the House he appointed to forward
a suitable reply, &c.
Messrs. HERNDON, LEWIS, and PENN,
were appointed the committee OH the part
of the Senate.
BILLS, ETC.
Mr.. HERNDoN, by leave, presented bill
to incorporate the Fredericksburg Loan
and Land Company, which was referred to
the Committee on General Laws.
UNFINISHED BUSINESS.
The PRESIDENT stated that the unfinished
business Of Yesterday was the consideration
of Senate bill No. Is, for the construction
of the Atlantic, Mississippi and Ohio Rail-
road Company, and that the pending qucs-
ton was the substitute proposed by tile
senator from Accomac to the proposition of
the senator from Nelson to strike out the
ninth and tenth sections Of the bill.
Mr.. JOHNSON, Of Accomac, in his substi-
fJ,fn Air., fYrvn mr., vry?,
proposed to strike out the tenth section and
insert in lieu thereof the following:
"That in consideration of the sales and
transfers of claims and stocks herein au-
thorized and directed to be made the Com
monwealth Of Virginia shall thereafter be
absolved from oil and whatever liability for
and by reason of her unSatisfied subscrip-
tiOn to the Virginia and Kentucky Rail-
road Company, which 1t is conditioned shall
be completed within six years after the or
ganization Of the said Atlantic, Mississippi
and Ohio Railroad Company and, in addi-
ton, the Commonwealth of Virginia shall
be entitled to receive four millions of Vir-
ginia bonds, or, at the option of the said
company, Of money, payable by annual in
stalments of $500, 900 each, the first payment
to be made during the year 1885 such pay
ment of the four million of bonds Us atore.
said to be secured by Il second mortgage
upon the property of. the said Atlantic,
Mississippi, and Ohio Railroad Company,
to be duly executed to the Board of Public
Works of the State within ninety days after
the surrender Of all the aforesaid claims and
stocks authorized to be sold. The said
mortgage to be in all respects subordi-
nate to such first mortgage OF deed as the
said Atlantic, Mississippi and Ohio Railroad
Company may have made or may thereafter
ho nf
first mortgage or deed shall not exceed the
sum Of S16,000,O0O."
Mr.. JOHNSON proceeded to defend his
proposition, and delivered lengthy argu-
ment in its favor. He regarded the defeat
of this blu as great q calamity rs we re-
ceivcd at the capitol on the 9th of April
last. That Norfolk, the now proud city
that sits by the sea, would he the mere fish
town of the East. He hoped it would be
the pleasure Of the Senate to adopt his sub
stitute and pass the bill at an early day. {
" MIR. ROLLER next took the floor, and was
arguing the merits of the bill, when
. Mr. MASSEY arose and offered substi-
tute, which he desired read for the informa-
ton of the Senate.
! BE it enacted by the General assembly,
/. That the Board of Public Works be, and
it is hereby, empowered to transfer and as
sign unto the Board of Education for the
State all the stock held by the State in any
and all the works of internal improvement
in this Commonwealth, and All loans, bonds,
or other securities, held by the Commons
wealth against any such company; and the
Board Of Education are empowered to ex-
change the same for, State bonds, which
bonds shall be held by the said Board us part
of the literary fund, applicable to the public
schools for the purposes of education, and
for such schools subject TO the provision of
The laws to BIO enacted on that subject.
"2. This act shall be in force from its
passage"
! This being done, he then moved to recon-.
NIT The blu, with tie, amendment md sub
stitute, 70 ths Committee On Roads aud ia. ]
tegnal Navigation. 4. s 4 = a
!. Mt. TAyio1, Of Norfolk city, took the
notr ana opposed the motion Of Mr.. MAS
SEE, and hoped the Senate would vote down
sny such proposition, as 10 was only an of. \
.0rt to defeat the bill.
Mr.: Smith, o., Henrico, favored the recon-.
initial of the bill. 800 ssgss7 4 4
Mr.. GRlMSiEy nlso favored the prpucsition
Q sesptnnis tho blu, and argued Aslcngth
uE fhas e,ia, s. !. !. So 20 =
,a Asl sass. Of tass,gA ssuas ssss 1easl