The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1875-01-18
Patrons of HuSbandry.
MEETING OF STATE GRANGE.
FOuRTH DAY,

FOURTH DAY.
The Committee on Insurance reported that
they had not had sufficient time to mature a
plan for the establishment Of bureau of in.
surance, but at their suggestion it was re.
ferred to a special committee with orders to
report plan to the Executive Committee
at an early day.
The question Of an organ was, on motion,
referred to the Executive Committee for
them to mature some plan for the establish
ment Of paper devoted to the objects Of the
Order. It Is understood that arrangements
are in progress by which a Grange paper will
be started at an early day.
| FINANCES.
The following preamble and resolution,
offered by Colonel Richard V. Gaines, were
presented, discussed, and for want of time
to fully consider them were laid on the
table: .a go.
| Whereas the farming interests Of Virginia
have suffered greatly since the war for want
of proper immigration and capital to de-
velop the vast and latent wealth Of the State !;
and ...
| Whereas money at low rate. of interest
for the outside money is essential to
the full development of our industrial re-
sources ; and l. -'EE ~ .
| Whereas private credit in these markets
depends largely upon the preservation OF
/ public credit, and believing, as we do, that
this last has received severe blow from the
Legislature By making promises to the pub
| lie creditor which the resources Of the State
did not juStify-the State by consequence has
been unable to comply with them and
| Whereas the Legislature is invested with
l mi nf To- e ,tin a cnhlpptS ay
cept such as limited by the Federal and State
Constitutions, as shown By the late decision
in the merchants licenSe-taX case; therefore
| be it
| RESOLVED, That we earnestly recommend
| the Legislature to take such action as will
reestablish our credit in the markets Of the
world, and to this We believe the following
measures to be essential:
| 1st. A reduction Of all Slate expenses 10
the lowest degree possible consistent with
an efficient administration Of the govern
ment. E...
ID. A correct assessment Of all the proper
ty in the State, both real and personal, ac-
cordipg to the Constitution, that taxation
may be equal and uniform, and the burthcu
thereof equally distributed. ,@ -
Sd. To make provision for the interest Oh
the debt by the following overwhelmingly,
those recommended by the present Treasu-
rer of the State stamp-taX and tax upon
spirituous liguors-beleving that at present
our lands will not bear higher rate Of taxa
ton than fifty cents on the one hundred dol
lars if fairly assessed (as now taxed).
4th. That the Constitution be so amended
as to support the public schools by capita
ton tax.
9th. 10 supply the deficiency in our circu-
ating medium (rendered absolutely necessa-
ry for the proper conduct of our business re-
atiops) BY issuing intereSt-bearing Treasury
notes predicated upon real estate security,
the same to mature in ninety mine years, or
lsoener, at the pleasure Of the borrower, upon
"a plan herewith submitted.
9th. That committee of three be ap-
pointed TO present the same from this body
to the Legislature for its approval and adop-
ton.
Treasury notes bearing six per cent. cur.
rency interest, payable semi-annually, free OF
tax, to be issued in sums Of not less than
81, 900, but in denominations OF 50 and null
tiples thereof, with interes-tcoupons at
tached, principal redecmable ct the treasury
in ninety-nine years, or sooner, at the option
of the borrower. To be issued on mort
cages on real estate at one-thlrd OIL lts
assessed value. The mortgages to be
deposited with the State Treasurer and re-
corded in the courts. The interest TO oe
paid BY the borrower semiannually into the
Treasury; and on failure to do so the prop
erty thus mortgaged to be rented out on ten
days' notice by the sheriff to meet said pay.
ment Of interest. Three per cent. OF salo
interest to be retained by the Treasurer to
| IL Of rGnj1 notes. coll
Iectjng the interest thereon, and establish
sinking fund 10 liquidate the mortgage; and
: three Der cent. to be collected by the holder
A GRANGE BANK.
A resolution was passed recommending to
the subordinate Oranges throughout the
State the necessity Of considering the subJect
of the establishment central bank IN the
city of Richmond under the auspices OF the
State Grange of Virginia as affordluga means
of relief to the financial necessities OF the
members of the Order, and to instruct their
several masters to report to the next meeting
of the State Grange the amount OF STOCK
which has been secured in the several subor-
dinate Oranges.
A committee of five was appointed to me.
morialize the Legislature on the subject ol
immigration.
There were, as usual at the close of all de.
T.. Lucrative bodies, q large number Of resolu-
tions, motions, &c., offered. Most Of them
, were of no interest to the general reader,
and are therefore omitted from this re.
port. These. with personal eXplana-
tions, the consideration and passing of sun.
dry bills for expenses, &c., occupied the at.
tenlion Of the Grange until O'Clock, when
it adjourned sine die.
/