The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1871-03-16

pr1gfr'S scheme 10 defeat the designs OF
4 r.nrral Malone upon the Richmond and
Petersburg railroad, went to the House OF
Delegates determined to resist all dlatory
I motions. and TO bring the questions in
i Vowed in the reports of the Committee on
Roads 10 m early vote. The majority and
minority reports came up tor consideration
I immediately after the expiration Of the
morning hour, and each having been read
.v the Clerk. the Speaker announced
amendments 10 the minority report as first
n order.
y IErEEsBCRG STEAKS FOR THE TOPPLES PLAN.
Mr. MORGAN. Of Petersburg, presented
a l,ct.tion signed 10y large number of in
il4rntlal citizens Of that place asking that
Tie proposition Of MesSrs. Ellyson, Amber
ION, and others, be accepted by the General
Assembly. IN presenting the petition Mir.
Morgan made 4 few remarks, setting forth
TN financial ability and public spirit Of the
gentlemen signing it. They were the men
Ia whom the city of Petersburg always
looked Tor guidance in financial affairs, and
who have managed the finances Of the city
Tor year, with distinguished success.
Mr.. fAYERAAS, of Petersburg, differed
with his colleague, and said he had pre-
>ruicd much more numcrou$ly-SyncG
petition in favor Of the Malone PROPOSE
tinn.
Nr. MORGAN said those who had gotten
Up the petition which he had presented
had not sought to get many names, but to
get those OF representative men. As to
those who had signed the contemplation
,""k"n of by his colleague, be was aware
that many of them had since changed their
minds, and were now friends of the ElIy-
-'m proposition.
Remarks OF MIR. Frayscr, OF Rich
mond.
Mr.. FRAYsER, Of Richmond, submitted
>anr earnest. pra ctical, and torcible re-
marks in favor Of the amendment proposed
y the minority committee. He said
n desired TO submit but few remarks on
the subject now before the House, and in
i,vor of the minority report. He did so
because 1t was proposition in which tie
People he had the honor in part to repre-
,,nt are vitality interested, and hoped that
b., would not be interrupted, Us his time
va. limited.
He WAS only a business man, and came
10 The consideration of the grave question
in tn, same manner in which he would APP.
pro4rh question involving his own inter
v>t> III business matter, and in the spirit
which hc would demand OF an agent who
had his business in trust. He was
ONE OF THE AGENTS OF VIRGINIA
in this business, and meant to keep his
record right.
The first question Is this: Is it or not
good policy ior the State to sell her interest
in the various railroads in which she is in
tcrc>ted: | do not propose to discuss this
question: Mr.. Speaker, because l believe it
!, conceded OH all sides that the time has
come when the State should
SELL OUT THESE USPROFITABLE STOCKS,
not only for the purpose of extinguishing
al Understanding debt, but also for the
purpose of relieving the General Assembly
from the veXatious and discrcditable scenes
Of which we have been reluctant witnesses
for >cveral months.
The next question is, To whom shall we
MI: The uniform practice has been to
~" preference rs Il purchaser to the COM
iany itself in which the State held the
'Ioyk or, in other words, to the stock
AoIders with whom the State has been Il
partner, and in this instance / sec no reason
'or departure from the rule. In the case
VI al ordinary partnership what would be
thought of Il partner who, wishing to sell
Hi> interest, should refuse to give his CO.
Partners The first chance to buy him out,
'ul should 20 running around to find u
stranger to put into his place.-a stranger
"ho might be disagreeable to his late ASSOC
eAtes, and, indeed, might have his interests
- situated AS to induce him to seek to get
Into The partnership only for the purpose
u breaking up the business.
QUESTION OF HONOR.
For msselr, will say that recognize
'At Obligations Of honor which bind mer-
camille men, and that would prefer to sell
lie States interest to her partners, at least
give them the option, as we merchants call
IT, before going out into the country to ind
another purchaser. However, ! mean, to
Deal with the question as it now stands
before ug. -a.,-.4a ..sa a..z..,s =. az,
gwo pPopoetTtoNS GR ONE
here are apparently two propositions.
lie first is u proposition purporting to
CONC from the Atlantic, Mississippi and
II