The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1872-01-13
General Assembly of Virginia.
FRIDAY, January II, 1872.
SENATE,

ACKNOWLEDGEMENTS MARYE in the chair.
PRAYER bv Rev. Mr.. Christian, Of Manchester.
House bill entitled "an act requiring the
repositories of the public moneys of the
Commonwealth to execute additional bonds"
was taken up, twice read, and, OH motion OF
Mr.. FITZPATRICK, the rule requiring the COM
mitment of the same being suspended, was
read the third time.
Major KlRkrATh1cK stated that he very
much doubted whether the two banks drsig-
mated Us State repositories, which wcro char
tered by Virginia, had any power to execute
the bonds already taken by the State. Lie
had not examined the charters Of the National
banks. and could not surak positively as to
their powers, The charters of the State banks
he was quite sure did not authorize the exc
cutlon OF any bond Of this sort. The proyi-
Sions Of the charter prescribed the kind OF
obligations and security which savings
banks may give to depositors. Any oblga-
ton different from such as the law prescribeS
would he liable to the objection that it was
ultra rires. The bonds now in the hands Of
the Treasurer were executed by the bank as
principal, and by sundly individuals as sure
lies. If the principal is not bound he thought
the suretics are exempt also. He had noticed
also that at least one Of the bonds-2nd he
ladno doubt al bore the same date--Nas eX-
ecuted before the act requiring them went
into effect,
On motion of Mr.. FITZPATRICK the vote
by which the bill was ordered to third
reading was rcconsidered, and the bill was
then referred to the Committee for Courts OF
Justice.
AMENDMENT 70 The rILoT LAWS.
. House bill entitled an act to amend and re-
enact and repeal certain sections of the Code
of Virginia of 1860 and the act of February
10. 1866, III relation to pilots, was taken up,
read twice, and, on motion OF Mr. TAYLOR
of Norfolk city, referred to the Committee
on Roads and Internal Navigation.
/ -o " rsURY.
Joint resolution proposing an amendment
10 the Constitution of Virginia in relation to
the clause in respect to and entitled "usury,"
and directing submission Of said proposed
amendment to the people for their approval
and ratification, with the amendments pro-
posed by the House OF Delegates, was taken
up and the amendments agreed to.
The amendments are Of mere verbal
character. ..-..-.
THE LAND SCRIP.
Mr.. ANDERSON, of Rockbridgr, frem the
Committee on Public Institutions, presented
a bill to authorize the sale of the land scrip
donated to Virginia by the Congress Of the
United States and providing for the invest
ment of the proceeds thereof in such bonds
us the Board Of Education may direct. The
bill was subsequently taken up, on motion Of
Mr.. MEEM, and advanced to q second read
ing. A motion that it have its second read
ing to-day failed for want Of tWo-thirds
vote.
OTHER COMMITTEE REPORTS.
Mr.. GRIasLEy, from the Committee on
County, City and Town Organization, pre-.
sented bill amending the act prescribing the
duties and compensation of county officers
BILLS PRESENTED AND REFERRED,
BY Mr.. WARD: TO incorporate the Bank Of
Warren.
BY same: To incorporate the Norfolk and
Southern Railway Company.
BY Mr.. ROLLER TO authorize the Common
Council of the town of HRrrisonburg to sub.
init the question of levying special tax fol
waterpurposes. Subsequently, passed undera
suspension Of the rules.1
BY Mr.. FITZPATRICK TO amend and reen.
act section 10 of chapter Ct Of the Code OF
1860. in relation to the duties Of the Board OF
Public Works.
By Mr.. CowAS: Authorizing the trustees
of the Presbyterian church and congregation
of Staunton TO execute deeds of trust, &c.
subsequently passed under suspension OF
the rules.] hr
By Mr.. GRMsLEy: To amend and reenact
the Sd section of chapter 1872 Of the Code, in
relation to the time in which appeals may be
taken.
RESOLUTIONS OF INQUIRY PRESENTED AND
!. ADOPTED.
BY Mr.. BoYKIN: or SO amending section
% of chapter IS of the Code as to give
judges Of the county courts, in term time or
vacation, the same jurisdiction or authority
In cases of suspected lunatics as Is by said
section conferred on three justices Of the
peace. -: z: .1atassq
by Mr. HuNpLEy: OF so amending section
G ofan act approved June 90, 1870, amending