The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1873-01-18

Mr. OF Reckbftdge, ffoM Ing
Committee on Public Institutions, reportea
IN act TO amend anact to authorize the tras.
tees of Strasburg Academy, In Shenandoah
county, to sell certain lotof LAND. ~.
BILLS, &C., PRESENTED AND REFERRED.
Mr.. TAYLOR OF Norfolk city presented o
bin to amend an act to authorize the city OIL
Norfolk to construct water-works for the use
of the people of said city-passed January
"a 1851. By the same: A resolution as 70
the expediency of so amending existing laws
ms TO limit the Judges Of the county courts OF
the state in the allowance granted for ser
vices rendered by the Commonweath's attor-
news. clerks. and sheriffS, and to establish
some degree of uniformity throughout the
state in the pay of these officers. BY Mr..
MEEM: A resolution as to the expectancy OF
the law relative TO the release Oh
liens upon real estate.
THE BANKING SYSTEM.
The following was offered by DR. CocH-
RAN: "Whereas the tax of ten per cent. i'm.
noscd by law upon notes of circulation OF
State banks and banking associations
amounts to practical inhibition Of the priv.
lege Of issuing notes of circulation; and
whereas the present circulation OF United
States Treasury notes and the notes OF no
tiona] banks in Virginia is wholly made
n,,ate TO meet the demands of development
and trade; and whereas the rates OF interest,"
charged bv said banks are greatly IN excess
of the net value of the agricultural products
of the State and whereas it is the desire oil
the General Assembly Of Virginia to IN
crease the volume of currency and cheaper
the rates of interest by the establishment oil
State banks of circulation; therefore
Resolred 0he House of Delegates con-
curriug), That the Congress of the United
States be respectfully requested to amend an
act entitled 'an act to provide Internal reve-
nue. to support the Government, pay the IN.
tcrest on the public debt, and for other pur.
noses approved June 80, 1864, so as to cx-
cmpt Virginia from the tax imposed by said
act upon notes Of circulation of State banks
or State lunking associations.
RESOLVED, That our senators be instructed
and our representatives in Congress be re-
uuested to use their influence to obtain the
massage of bill securing said amendment.
Resolred, That the Governor be requested
to forward copy of these resolutions to the
Congress of the United States, and copy
TO each senator and representative from this
State"
The resolutions went on the calendar.
THE INTEREST BILL.
Mr.. TAYLOR, of Loudoun, moved TO take
up the interest bill. Agreed to-ayes, ~;
noes, II.
The question was then upon the substi-
tute proposed by the Committee for Courts
of Justice to the original bill. The commit
tees report is nine per cent. on commercial
paper. and the original bill provides that
six per cent. shall be the legal rate OF ill.,
terest..
Mr.RUE moved to reconsider the vote by
which the amendment offered by Mr.. kIRK-
PATRICK, making the legal rate nine in place
of six per ceut., had been defeated.
Mr., HrSpLEY called the pending question !;
which was ordered-ayes, 81; noes, II.
The main question was upon the motion
of Mr.. RUE to reconsider, and the vote
being taken by ayes and noes, stood-ayeS,
30: noes, 90. The CHAIR voted "aye," and
Mr.. RUE's motion was agreed to.
MesSrs. FRENCH and PATTERSON then ar
cued the question in favor Of six per cent.
Mr.. LAKELAND followed in favor of six per
cent.
Mr.. RUE favored nine per cent. rather than
six.
Mr.. GREEN advocated the nine per cent.
At $40 Mr.. TAYLOR of Loudoun called the
pending question; which was ordered. The
question was upon Mr. KIRKPATRICK S amend
ment.
Mr.. HuSDLEY demanded the ayes and noes
on tie amendment. The call was sustained,
and the amendment WAS rejected by the fol-
lowing vote:
AYEs.-Mcssrs. Anderson Of Pittsylvani1. An
flerson Of Rockbridge. B"ykin. Conl!aliy: Greene.
Herndon, Holiday. Lewis, Martin, Nowlin, Penn.
Robinson, Rue. Terry, and Wynne-l5;
throp. Norton, Patterson. Prdcmore. quc9cnberry,
RiXev, Roller, Smith. Stevens, Taylor OF Loudoun.
Thomas and Ward-2o.
Niessrs. JOHNSON, and TAYLOR of Norfolk,
FITZPATRICK and KIRKPATRIcK, and MEENI
aud PERRIN, paired off.
Mr. KIRKPATRICK moved to add at The end
of the 4th section Of the original bill an
allowing nine per cent. to be
charged in the cities and incorporated towns
of the Commonwealth.
The question was then upon the substi-
tutc offered by the committee.
Mr.. BoYKIN, as Il substitute for the KIRK
PATRICK amendment, proposed to amend the
3D. section of the bill SO as TO allow any bank
or incorporated company having banking
privileges 10 charge 8 per cent. Oh negotiable
paper and to collect said interest in advance.
Mr.. KIRKPATRICK now withdrew his amend
ment.
Mr.. HgNDLEY called the pending question !;
which was ordered. The ayes and noes were
demanded. and, being taken, Mr.. BoYklN'S
amendment was deieatcd-aycS, @; noes, %.
InH
the pending question on the substitute pro-
posed by the committee.
Mr.. KIRKPATRICK moved to adjourn.
Mr.. COCHRAN demanded the ayes and noes.
The vote stood as follows: Ayes, % !;
noes, 10.
The CHAIR declared the Senate adjourned
until tomorrow at noon.
HOUSE OF DELEGATES.
The House met at the usual hour, Speaker
HANGER in the chair.
Prayer by Rev. DR.. Woodbridge, of the
Episcopal church.
REPORTED.
House bill for the relief of j. W. Myers,
of Highland county; House bill to incorpo-
rate the Virginia Coal Company; House bill
for the protection of the coal-lands of Virgil
nia from fire; House bill to authorize the
guardian of j. P. Boyd, an infant, to convey
certain real estate belonging to said infant
in the State of Alabama E; House bill to pro.
tect the interest Of farmers and Others in
trusting property to commission merchants,
&C.; House bill for the relief Of h. G. Wax,
in Scott county; House bill to amend the 9Th
section of an act to provide for the organi
cation of county school-boards, Sc.
BILLS THAT HAVE BECOME LAWS.
The Committee on Enrolled Bills reported
the following bills rs having become laws:
An act for rediyision of the county
of Fairfax into townships. In force January
IL, 1878.
An act to declare New river lawful fence
between Giles, Pulaski, and Mercer counties.
In force January 16, 1873.