The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1871-03-28

House. had offered his resolution ofreeoia.
initial and instruction ss means OF gHiIns
fhs .bill and the State debt the go.ny: az. hs
saifi that the Democratic party OF tnis
House should not, 4by his consent, sniI I
the responsibility OF either passing OF ue-
Testing the bill. J., ,a
MORGAN said that he had voted IN goo9s
faith to recommit the blu, ana ne Was ~.
to be draGooned into support Oh ahyenns
BY wild charges and imputations rs s, 20 sa.
tiyes. He wanted to pass some Dill out
he Thought the one before the House could
be improved. , o,o,,o,r
to recommit the bill. All the questions or
inaniries nropounded in the resolution had
already beer, answered, or could be an
swered "a well on this floor as In committee.
IF the bill needed amendment, here was tue
place to amend it. .,
Mr.. JACKSON said that the cry ofrepudias
ton was raised against those who wished TO
recommit this bill but the bill itself, the
bondholders themselves being judges, was
full of reputation. He wanted to see some
bill which would provide for paying TWO
thirds of the interest Of the whole debt
the limit of our present ability, ne thougnt-
without repudiating one dollar OF the oeDI.
The vote being taken on the motion TO
reconsider, 1t was agreed to by 62 yeas 10
40 nays. 49,,
The resolution to recommit was then
, defeated.
Mr.. WYNN then proposed to amend 6y
providing that only two-thirds of the Donds
sborld be refunded in bonds, and that the
accrued interest on this two-thirds snouio
| be placed in certificates, to run ten years;
bearing no interest, and to be paid GU. OF
the sinking fund from time to time, MI:
VIM said that he offered his amendmens
| hecause he could not vote for compound
| interest on the debt. He could not consent
to compel the people to pay interest," Oh
interest. e,uor If
! passing the bill just as it came ron !, tne
Senate, without the crossing OF .re o5
thst tbe bill could not obtain the vote re-
nnired to pass it if returned to the senate,
az number of Senators had gone nome,
and il was hard to get quorum OF tnem
together. s . friend ~ tho
hill hit he was willing to take hall LOAF,
n he could not get a whole one. he
Thought it clear that the bill could not pass
the House in its present shape, anu upon
those who refused to amend it In any man.
ner would fall the responsibility for It's de-
Mir. DANIEL got the floor and announced
his purpose to offer the following amend
ments at the proper time:
1st. Add to section 8. "And 1t IS proVlded
that the funding Of two.thlrds. OF Cne
amount of the bonds, stocks, and certl1l,
Gates aforesaid is authorized and granted
onlv upon the condition that the owners OF
such bonds, stocks, and certificates DO re-
lease and discharge the State of Virginia
from all liability (f any exists to pay the
remaining ote.third thereof until there snail
have been a final settlement between the
States of Virginia and West Virginia 10 re-
gard to the public debt OF the State OF Flr-
ginia existing at the time of its dlsmemDer-
, ment." =, 49,,
I'd. Strike out after word "section," line
s of section 3, to 18th line, including the
word Acknowledgement" "And that the
State of Virginia reserves the decision of
all questions as to her liability for payment
of said amount until there has been set
Element between Virginia and West Vlrgl-
MIA 10 regard to the public debt of the State
of Virginia existing at the time OF Its dis
memberment." +, :,
Sd. Insert after word assignees," In
18th line of section 3, the following "And
it is hereby provided that the ceftlhcates
authorized by this section to be issued are
intended to be mere certificates OF fact, ana
shall not be construed to be certificates OF
debt and shall not be received or recelva..
BILE by the State of Virginia in discharge OF
any debt or obligation to said state LOT
which certificates of debt are receivable"
On motion of Mr.. WOOD, the House ad-
journed.