The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-01-23

lss 8, al ,,aavertiarp, sIiland, and Hen.
-, a III Il, fl,a county of
s M ~, s,, and ressact section oil
.a 4, ~ Tie lode OF 1873, in relat Ion 70 tne
construction Of statutes. isss
81 5ryp,cIA ii. CIRCUITS TO DE REDUCED.
senafe resolution proposing to constitute
n speciaI Joint committee OF seven !, ON tne
mart Of the Senate and eleven on the part
n 5fbo Ho,1se. SO propose four plans Tor re-
,rrnl,eiaes the judicial circuits, came, up.
mr.. BuHASSoN suggested that the COM
r,ittee he increased TO nine and thirteen.
Mr. HANGER moved to commit the resolu-
tio,l to the Committee for Courts OF Justice,
that committee having for some time hau
the subject under consideration.
Mfr. FAugTLERoF supported Mr. HA n III:
view.
committee.
So did Mr.. B0cocK.
/ The House refused to commit.
The amendment was disagreed TO.
The Senate resolution was then agreed TO,
as follows:
BE 1t rescued by the General Assembly,
That n Joint committee, to consist OF seven
ON the part Of the Senate and eleven on the
part of the House Of Delegates, be appoint
ed, with instructions to report a bill on Dills
re;irranging the judicial circuits OF the
Commonwealt and said committee shall
report four plans-one for twelve, one for
thirteen, one for fourteen, and one for
fifteen.
MR.. HENRY's BILL TO FUND THE DEBT.
Mr.. HENRY offered bill to fund and pay
the public debt, which was referred TO the
Committee OF Finance.
Tt <ffors RI fbe creditors OF the State Jour-
percent. registered bonds for the principal
and interest accrued to July !, 1878; the
interest included in any one OF the new four
percent. bonds not to exceed one bali OF
| the principal included in the same bond.
The new-bonds to run fifty years, and re-
deemable after ten years from July l, 1910:
The interest to be payable out OF four-fifths
OF the tax on property, if it be sufii-
cient in currency; il not, out OF any
other money in the Treasury. The prin-
cipal to be extinguished by a sink
ing fund OF one per cent. OH the principal
to commence in 1888; the interest to be
paid in London, New York, or Richmond.
at the option OF the holder, and to be pald
on the order of the holder who may use his
order to pay his dues to the State, except
the tax for free schools.
The bonds of the State held by the pre-
| SonC Slnkllp luUu W NC hSNt ou-e a''i
bonds redeemed to be burned.
After January, 1881, enough Of the new
bonds shall be sold 10 pay the outstanding
old debt.
The State TO be distinctly released from
the one third chargcable to West Virginia
of the old debt funded.
Mr.. HENRY claims that it can be demon
strated, that with the present taX-bill and
lust reduction OF expenses, the full interest
on the principal OF the public debt can be
paid hereafter, and his bill will do this,
while funding the past due interest, without
making it increase the annual burden or IN
terest on the State. and giving the State fifty
wears to pay it. and the bill will eventually
put the debt on footing which will greatly
reduce the burden Of interest
MEMBERS PAY-PAsSED BY.
Senate bill proposing to reduce the salary
of members of the General Assembly from
$500 to $500 and all officers OF the two
houses in proportion came up on the ealen'
dar.
Mr.. ROBINSON of Norfolk moved that thu
bill he passed by, as the House had a bill
from one of its own committees (the omDl
bus bin proposing TO reduce all salaries
members OF General Assembly, officers o!
Government, DC.
The motion to pass by prevailed.
No one called for the ayes or noes FOL
4 division.
A. mild victory for the anti-reductionists
RECOMMENDATION. .-
House joint resolution proposing to In
struot our senators and request our repre-
sentatiyes to vote for the unconditional re-
monetization of silver for the payment Oh
all debts, public and private, was ordered
to engrossment.
| THE TAX BILL.
The bill imposing taxes. &c.-reporteo
| from the Committee OF Finance several
days ago-was made the special order fol
Thursday.
| Adjourned about ! O'Clock.