The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1872-01-11
THE VETO OF GOVERNOR WALKER
OYERRUiED.

1ouse VI DeleSdtcS isiossaSS NteoiuS CuC
joint resolution suspending funding the pub
lie debt, passed by the Legislature before tho
holidays, and giving his reasons therefor
The message (Which will be found on our 1st
page) was the subject of an animated discus
sion, but was brought to a close, in the
House, on the fifth, by that body passing the
bill over tho veto by the necessary twothirds
vote, as follows:
AYEs-Messrs. Allen, Anderson, Benger,
Bernard Bishop. Booker, Bouton, Brooke.
Brown(J. G J. Bryant, Burkholder, Butler,
Campbell, Carter: Jack, Carter(P. j. Cop-
ton. Coleman, Cox, Critz, Cummings, Dalton,
Delaney, Deaeale, Douglas Dungy, Early,
Elliott, Fitzgerald, Freeman, Fulkerson,
Gardner, Graham, Graves, Gray, Gresham,
Hamilton, Hardcsty, Head, Hill Irvine,
James, Jones( Rufus S ),Jorgeuson, Keyser,
Lassiter, Lewis, Lghtner, (P), Lipscomb,
Matthews, McMulen, Miller, Nickcns, No
BILE, Norton, Noyolin, O'Ferral, Paige, Pat
terson, Payne, Pearce. Powell, Radford, Rams
dell, Riddlebarger, Rogers, Roller, Russell,
Sangster, scruggs, Smith, Smoot, Snidow,
Stephens, St. John, Stoval ,Strother, Swami,
Suite, Tallaferro, Thomas, Tidball, Turpin,
Van Auken, Wall, Wentworth. Wharton,
Williams and Young-68.
NoEs-Mesers. Bagwell, Berland, Brown,
u. IT, Cottrell. Daniel, Donald, Dooley,
Evans, Fletcher, Gillian (Wme). Gilman,
Jones, (P. K), Kelly, Lawson, Lightnsr ca
By, Loyensten, Matthews, Minor, Neale,
Parks, Poague, Robertson, Sutherlin, Wake
Watts, Watson and Mr.. Speaker-27.
Immediately after the announcement of
the vote, Maj. Sutherin offered the following
resolution, which was unanimously passed:
Resolved, by tbs House of Delegates (thv
Senate concurring), That joint committee,
consisting Of nine on the part of the Senate
and fifteen on the part of the House, be APP
pointed to take into consideration all ques-
tions of finance connected with or growing
out Of the act Of the General Assembly,
known as the Funding Bill" or touching
the payment Of interest upon the public debt,
and report such measures as they may deem
expedient for the proper adjustment thereof.
The resolution was at once communicated
to the Senate. That body as promptly acted
on it, passing it with but one dissenting voice.
The spirit which seemed to animate both
bodies was that of Cancellation and compro-
mise, with view to the devisomeut of some
plaa by which the interests of creditors will
be protected, the credit Of the State maintain
ed, and the taxpayers and producers reliev-
ed from the imposition of ruinous taxation.
The Wing Of the 6th gives synopsis Of
what it hears, will be the basis of the COM
promise that will be suggested by the COM
mittee, without avouching its accuracy, las fol-
lows:
1. Repeal the coupon feature Of the Fund
Ing bill. 2. Throw out the compound inter-
est g. Declare that the third not funded
shall never be paid by Virginia-but the cred
itors must look to West Virginia. 4. -Four
per cent. interest on the two thirds funded,
exclusive Of the compound interest. The only
feature of the funding bill retained is that
which funds the debt and declares that no
interest shall be paid on any not funded
We earnestly hope that the Speaker ofthe
House and the President Of the Senate will
appoint the ablest and most clear headed mem
bers of their respective bodies, on this COM
mittee, aad that, influenced by the highest
considerations Of public policy-a controlling
sense of justice to all parties-a fair and
honorable result may be arrived at by the
committee.
The tone of the remarks of Mr.. Deneale,
in supporting Mr.. sutherlin's resolution, is
lsuch as should enter into the deliberations of
the committee, and indeed the entire Legisla-
ture, exercising all petty jealousies and unwor-
thy motives
Since writing the above Speaker Hanger
has appointed the following as the House
committee
Messrs Sutherlin, Brooke. Coghiil, Daniel
Walker, Hill, Poague, Lawson ,Deneale, Kel-
ley, Cummings, Tidhall Bagwell, Watson,
Neale-eight supporters of the funding bill
certainly, and probably nine, with one doubt
full
1t will be seen that the sentiment Of a
majority of the Legislature is not reflected in
this committee, nor is there single represen-
tative of the Republican party on it This
is not regarded as parliamentary, and even as
question of policy, is to be regretted In
stead Of alaying excited feeling, we are ap-
prehensive that the effect will be to exasper-
ate it.
| When the committee was announced in the
House, there was manifested decided senti-
ment Of condemnation on the part of theauti-
fundcrs and the Republican members. Mr..
Riddleberger. Of Shenandoah, instantly offered
resolution instructing the enlargement Of
the committee by the appointment of two ad
ditional members to be indicated by the
House. Col O'Ferrall offered substitute,
prefaced by preamble, declaring that the
views of an overwhelming majority had been
disregarded in the appointment Of the COM
mittee, and therefore the House proceed
at once to appoint fifteen members TO com
pose the committee. The Speaker ruled it
out of order, and it was subsequently with
drawn, by the mover, and an amendment Of
| fered to the resolution of Mr., Riddleberger,