The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1871-03-24
HOUSE OF DELEGATES.

House met at 10 4. M.-Speaker Turner
in the chair.
| UNDER A SUSPENSION OF THE RULES,
the following Senate bills were placed on
the calendar without reference to i COM
mittee: -.
n,hlic printer: to amend the act to incor-
norate a company for improving the navi-
ration of the Rivanna river to provide
Charter for the town Of Salem, Roanoke
county: to amend the act providing char
fer for the city of Richmond; to provide
for the equalization Of the valuation OF real
estate and personal property between town.
shins of the counties of the Commonwealth;
to authorize the Rector and the Board OF
Visitors of the University OF Virginia TO
Issue bonds and discharge their f1oatlng and
maturing obligations.
BILLS REPORTED.
Senate bill to amend the act incorporating
the Merchants Manufacturing Company, in
the city of Petersburg.
House bill to amend the act imposing
tax on oysters.
THE NIGHT SESSION SATURDAY.
On motion of MIR. GUY, it was resolved
that the House would hold no night session
tomorrow Saturday night.
REPORTER PAID.
The motion entered by Mr.. WooD yester-
day TO reconsider the vote by which the
bill of Fl. c. Tinsley for Sl2S.75) for SER
vices as clerk and reporter Tor the Com,
mlttee on Roads, in the Richmond ana
Petersburg railroad investigation, WAS
agreed to.
Mr.. WALKER. of Westmoreland, moved to
amend by striking out the above figures
and inserting $50; which was agreed to.
The resolution as amended was then
passed.
THE PUBLIC DEBT.
Senate bill to provide for the funding and
payment of the public debt, came up as
special order.
Speaker TURNER, being on the floor, Of
fered the following amendments: -.
"Strike out all after the word 'and IN
the 9Th line of the Sd section, and insert
the following Setting forth, also, IN the
body of said certificate q proyiso IN the toll
lowing words but the State Of Virginia Is
not and will not be bound in any manner or
form for the payment, now or at any future
time, of this certificate, or any part thereol
but this is without any prejudice TO the
RIGHTS of the holder hereof to demand pay
ment of the same of the State of West VIZ.
eInia': and there shall be paid upon what
are known as sterling bonds, In the manner
now prescribed by law, two.thlrds OF the
interest accruing on the principal OF SAID
bonds after the 1st day of July, 1871 and
for the interest accrued and unpaid to SAID
date, certificates dated on that day, bearing
the same rate of interest as the said bonds,
shall be issued to the holders of said bonds
for two-tbirds of the amount of SAID ac-
crued and unpaid interest; and for the re-
naming third OF said accrued and unpaid
interest certificates shall be issued contain
| ing the said proviso, as is herein set forth
| in relation to the other bonds (and interest
thereon) of the Commonwealth"
Speaker TURNER'S amendment, follows
the words g as provided in the last pre-
ceding section, and" in the third section,
which reads as follows:
| "Upon the surrender of the old and the
acceptance of the new bond for two, thirds
| of the amount due, as provided In the last
preceding section, there shall be issued to
the owner or owners for the other one
third of the amount due upon the old bond,
stock, or certificate of Indebtedness so sur
rendered, a certificate bearing the same date
as the new bond, setting forth the amount
Of the bond which is not funded, as pro-
vided in the last preceding section, and
that payment of said amount, with interest
thereon ut the rate prescribed in the BOND
surrendered, will be provided for in accord
dtiCc WILL SuCn SCCClCluChU aS puulA hOA CtAh-
ter be had between the State of Virginia
and West Virginia in regard to the public
debt of the State Of Virginia existing at the
time Of its dismemberment &; and that the
State of Virginia holds said bonds, so far as
unfunded, in trust for the holder or his as
Isignees: and proUided further. That until
such final settlement with West Virginia
there shall be paid upon what are known
as sterling bonds, in the manner now pre-
scribed by law, two-thirds of the interest
accrulng on the principal of said bonds af-
ter July l., 1871; and for the interest ac-
crued to said date certificates dated on that
day shall be issued, drawing the same rate
of interest as the bonds, two.thirds of
which shall be paid as provided to be paid
on the bonds; the remaining one-third Of
unpaid interest, both on the bonds and
certificates, shall be payable IN money, and
the principal Of said certificates in new
sterling bonds of the same character as the
old, In accordance with such final settle
nent .as shall be made with West Vr-