Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1872-03-05
GENERAL ASSEMBLY OF VIRGINIA.

SENATE. Feb. N.-Mr. Taylor,
of Loudoun, introduced bill (which was read
the first and ordered to be read the second
time) to provide for the payment of interest on
the public debt for the year 1872 The bill
provides for the payment of six per cent. in
terest for the present year, and leaves the a.
mount to be paid In subsequent years hereafter
to be determined.
HOUSE Mr.. Walker asked suspension of
the rules in order to take up House bill 225 to
amend the re-enact the act of March 3d. 1872,
''to provide for the funding and payment of the
public debt. :"
The rules were suspended, and the question
being upon agreeing to the Senate substitute
declaring what shall be receivable for taxes or
other demands of the State. it was decided in
the affirmative. and the bill as amended was
the coupon feature of the funding bill of 1871.
Mr.. Riddlebarger moved that the rules be
suspended for the introduction of bill provid-
ing for the payment of the interest on the pub
lie debt Agreed to-ayes, II noes, 81.
Mr.. Riddlebarger then moved that the bill
be read second time to-day. Agreed to-
ayes. 81 noes, I (S8 necessary. sr-.ss
The bill had Its second reading and was then
passed by.
Mr.. Riddlebarger's bill provides for the pay
ment OF four per cent. on the whole of the fund
ed debt and the same on two-thirds of the un-
funded debt. The bill applies only to the pre-
sent year
House bill on this subject vas taken up and
considered until adjournment
SENATE. Monday, Feb. 26-The Senate
bill TO incorporate the Harrisonburg, Bridge
water and West Augusta Railroad. company
was passed
Senate bill in relation to usurious contracts
and assurances vas taken up, and the vote be-
ing taken on the passage of the bill it was de-
cided in the negative. On motion of Mr. Wynne
said vote was reconsidered, and on the motion
of Mr. Cochran it was laid on the table.
HoUsE.-The substitute for House bill for
the protection of the oyster beds in the waters
of the Commonwealth was further amended,
and ordered to its engrossment and third read
ing.
This bill was again taken up, and was dis
cussed until adjournment
SENATE. Tuesday. Feb. 27.-Senate bill to
provide for the payment of interest on the pub
lie debt of Virginia due and to become due in
the year 1872 came up. This is Mr.. Hundley's
bill
Mr. Hundley moved to lay the bill on the
table and make it the special continuing order
for Friday at ! o'clock. Not agreed to-ayes,
10; noes, q.
After considerable discussion, the preamble
of the bill was struck out and other amendments
adopted, and the bill was then ordered to
third reading and engrossment It now pro-
vides for the payment upon two-thirds of the
irterest-b bearing debt of this State calling for
interest at the rate of six per centum, EXCEPT
consolidated bonds issued since the Both of
March, 1871, and upon two-thirds of all the
debt calling for interest at five per cent with
like exception, four per cent. interest, to be
paid on the lst of April, 1872, and three and
one third per cent. On the last mentioned debt.
And like rates of interest shall be paid upon
the full amount of all consolidated bonds in like
instruments. The Second Auditor Is to issue
non-interest bearing certificates for the unpaid
interest due.
House "A resolution to extend the session
was passed BY 81 ayes to % roes-three-ffths
of the members elected having voted in the az
irmative
The resolution Gift becomes the law) extends
the session not exceeding thirty days from the
4th of March.
The special continuing order, Senate bill for
the assessment OF taxes, was resumed and or
dered to third reading.
The next special order, House bill to dis
tribute the proceeds of the landscrip, coming
up, Mr.. Lawson moved to POSTPONE it TO the
25th Of March.
Mr.. Hill moved to amend by postponing to
THURSDAY OF next week at II O. clock Nl. Mr
Hill motion was adopted.
On motion of Mr.. Neale. House bin to nro-
vent the sacrifice of personal property was ia
ken up and ordered to its engrossment and
third reading.
On motion of Mr.. Speaker Hanger, House
bill to amend the act to provide artificial legs
to citizens OF Virginia who lost their legs In
the late war was taken up, pending the copsid-
Grafton of which the House adjourned.