Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1873-03-04
The LegislaCure.

the legal rate of interest six per cent. with the
forfeiture of interest only should higher rate
be charged.
On Wednesday, the 26th, in ful6llment of
the understanding had between the special leg
isIative committee and the bondholders, the
Senate passed bill providing for the payment
of four per cent interest on consols and on two
thirds of the uufunded bonds for the years 1872
and 1873. For the remaining two per cent in
terest- bearing certificates, payable at the plea
sure of the State are to be given. No special
provision is made for matured coupons, which
the Supreme Court decided should be received
for taxes, but it is calculated that the above a.
mounts can be paid, even if half of said coupons
reach the treasury this year in the way ottaxes.
On the same day the bill providing for the
payment of six per cent. on two-thirds OF the
bonds held by Colleges and Institutions Of
learning instead of six per cent on the whole
as heretofore, failed to pass for the want of a
constitutional majority. On Thursday, mo-
ton to reconsider was made, and, after discus
sion, was passed by vote of % to Is, and then
the bill for the payment of elk per cent. on two
thirds was passed by the same vote.
On the same day, the bill to amend the char
ter of the Petersburg Railroad, -known as the
Ragland bill,-was, on motion, postponed in
definitely by vote of rs toe.
In the House, the joint resolutions in relation
to the recommendations of the Governor mes
sage touching the assumption by the Federal
Government of the debts of the States, &C.,
came up as the special order. MIR. Booker got
the floor and proceeded to oppose the resoIu.
tons. Before be had concluded his remarks
motion was made by Mr.. Kelley to make the
resolutions the special and continuing order fol
the next day at l o'clock, which motion was
adopted.
The House then passed to the consideration
of the bill for the assessment of taxes on pei
Sons, property, incomes licenses, &c., and was
engaged upon it until adjournment.
In the Senate on Friday. Mr.. Wynne offered
the following resolution:
Resolved, That the Superintendent of Puc
lie Printing be instructed to have a suhicien
number of copies of Smiths map of Virgin;
printed for distribution with the report Of thu
commissioners Of the boundary line.
Mr.. Wynne stated that having learned ii
1867, that gentleman living in the interior o
Pennsylvania had copper-plate of map o
| Virginia, he wrote to him, and after some cor
respondence succeeded in obtaining the plate il
exchange for some articles Ct Ike character
| Upon receiving the plate, it was found to b
the identical one from which the maps wer
struck for DR.. Rice's History of Virginia. pub
lished in 1919, and which the party stated b.
had found il hogshead Of old copper received
| from England. The remarks Of Mr.. Wynn
were listened to with interest and attention b!
the members Of the Senate, and large mum
beE of spectators 10 the lobby. This resolution
was unanimously adopted,
In the House, the bill to provide for the crea
| ton and regulation of railroad companies, ii
the State Of Virginia, known as the 'Fre'
| Railroad bill, was taken up out Of its order
on motion of Mr.. Sutherin, and made thu
special order at P. NJ. next Thursday.
| Senate bill for the assessment of taxes OF
persons, property, &c., the special continuing
| order, was resumed.
MIR. Bagwell offered to amend Goth section
by providing that any person fraudulently fail
ing to give in to the assessor bis solvent bonds
demands, claims, &c., shall forfeit twenty pc
ceotum Of the principal ADD interest of suc
bonds &C., one half of forfeiture to go to in
former.
This, on motion Of Mr. Gilman, was SO amend
ed as to provide that the whole forfeiture sba
90 to the support OF the public free schools, an
adopted.