The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1872-01-03

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AR ppxy and OH his further motion laid on
Tho fable and made the order Of the DAY loi
Thursday next at j O'Clock L. N.
LEAVES OF ABSENCE
were granted Alessrs. THOMAS two days(
FRrScIl -four days. SMITH three days. ana
KIRKPATRICK (threc days.
THE PUBLIC DEGr-AGA!N.
Mr.. CoSSAILY (Dy lelyc) presented a bill
to provide for the payment Of the interest
mon the public lgbt due on january Isl,
1879 which was read twice and referred 10
the Committee on Finance.
RELIEF.
On motion Of Mr.. QrESESDERRY, the Com,
mittcc for Courts OF Justice were INSTRUCTED
TO innuire into The expectancy OF amending
thc act entitled "an set to regulate J'dlcm!
sales and prevent the sacrifice OF properly,
approved July Ii, 1870, so as TO require tat
no land shall he sold 1T Il Judicial sale for less
than its assessed value.
ELECTION OF JUDGE.
\ message was received from the House OF
DELEGATES by Mr.. HAEDEsTY, who informed
the Senate that TINT House had agreed TO
Joint resolution fixing tomorrow Wv ednes-
day). ut l p. NJ, for the election of county
Judge of Clarke !; and, on motion Of Mr..
W.rp. the resolution was laid on the table.
APPOINTMENT OF COMMISSIONER.
Mr.. PRIDEMoRE presented bill pro-
vid;nr for the appointment Of Il commission
cr by the Circuit Court of Wise county to
cor}cY CERTAIN lands sole By I5ue B. Dunn,
commissioner on the part OF lie State Of Viz
rjnia. to various persons, and for the colirc-
ton Of tie unpaid purchase money and Ire
settlement of The said Commissioner piillii's
account, and for other purposes. Ordered TO
be read IL second time.
Adjourned.
HOUSE OF DELEGATES:
The SPrAKE1: took the chair at noon.
PRAYER by Rev. J. a. Dearborn, of the
church of the Disciples.
VETO MESSAGE,
The SPEAKER laid before the House q mes
sage from the Governor announcing his dis
approval of the House joint resolution dis
continuing the operation Of the funding act.
1t is rs follows:
COMMONWEALTH OF N1RGIElA,)
EXECUTIVE CHAMBERS,
RICHMOND. December Is, 1871. }
To tie General assembly:
return herewith to the House of Dele
gates, in which il originated, the joint resolt!-
ton entitled JOINT resolution 10 discontinue
the issue of bonds required to be issued by
the act for funding the public deb" without
my approval. :.
Ny objections 70 this resolution are, that II
is uAwi-e, unjust, and ilaught with the
lnuvcst conseqHcnccs to the public veal.
Unwisr, lcc:.usc it would indefinitely
postpone the further operation Of Il
law already III great part executed,
and that. too, without the substitution
uf any equivalent. or any eXpr, sscti
r,,1,oSc al ilnnroyen,ent unjust. because il
would withhold the benefits Of M established
law from minority Of our creditors, equally
Il not more deserving than the majority, who
li,ya already ayailed themselves Of It's nroyi-
siors: and The gravity oil the consequences it
wouId entail mon LIS have already ncr,,n to
he III. in The Lcayv dcDrcriation Ct Cur State
Securities and the loss Of confidence in our
integrity rs il people. The resolution is so
drawn That Il must be Thoroughly nliaIyZed
RI f,,,I,. understand lis veal sronc and mean
inr II declare, that the further funding Of
the public debt shall cease until the full ac-
connlishmcut oftwo objects the first of which
&c thc oscertainmcnt of "tIc entire amount
that will bc reo,rircd TO nav the current cy-
ncnses of the State Government and the in.
tcrest upon the State debt, as provided by
the funding act, and the increased rate OF
taxation It may necessitate should the Wloic
debt lie funded" But is it necessary TO stop
the funding in order to accomplish tins Oh.
icct! May not the investigation and the
funding go on at the same time independently
of each other? Is there any such NECESSARY
or natural antaconism between them that the
one must halt While the other proceeds? Ger
tainly not if the sole object sought to be ac
complished lie to ascertain the rate df taxa.
ton necessary to be imposed for the purpose
indicated in the resolution, the funding o.
the public debt not only ought not to ht
stayed, but should be pressed forward Will
all possible speed; and for the very cogent
reason that it is the most expeditions as wei
as the most accurate, If not the only, mode OF
ascertaining the total amount of tie State
debt and the amount necessary to be RAISED
to meet the interest on our proportion there
of. The total amount of the State debt is to
day unknown. The books OF the Secont
Auditor snow It 10 nave Deen on the Isl O
July last the sum OF S4G,0l4 ,2OS.25. But
when it is considered that our debt was alt
thorized by nearly one hundred different
statutes, some OF them enacted many years
ago, ana that II Is evidenced ny allllo3t a, a.
many aiierent varieties OF DonuS' Sslteu ..
many different officers, 1t would not seen
remarkable II some. errors should nave
crept INTO the DOCKS OIL the Secohe
Auditors once nor that some bohds WHICH
were properly issued should never he pre-
se en- a. ior payment wnen we consider lnt
arc ina, VI ,fndod ;nternst ,r 1 f.
tha a,n ~ s.s9 7ct ~ o Iv I ' n;nht E,r ~
hean funded and Jrawn@ Interest fer i Owe,
four Years nnder the net Of March ID lSeG
and ti,e further fact that Of thr fo,,r nrr cent