The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-02-08

HE baek-an effort TO kill The bill.
4 Mr.. HURTof Pittsy iSania called the pre-
yiouss uestien
Mr.. HuRT 81 Halifax demanded the ayes
and noes aud being taken the senate re
fused TO order the main question---nyes IL !;
noes, 20. -. 4, Z,
which was sustained. !. Is
81 Mr.. MAgsEY,s motion to lay on the table
md print Was lost -aycs, IL; noes, ~.
The bill was then read. =.
Mr.. FuLKERsaN addressed the Senate Id
opposition to tue bill, and entered his
solemn protest to its passage:
Mr. FULKERs0N completed bis remarks.
shortly after s O'clock, when
Mfr. KoISER addressed the Senate Drleny,
and explained his course in advocating Inc
original bill. He said the bill under con,
siderationi did not meet his approval, ana
he feared that it would not be accepted by
the creditor, or il accepted, accepted at tne
sacrifice OF the peeler-creditor. II ne voted
for il. it would be between the choice OF
evils.
Mr.. HURT OF Pittsylyania demanded the
previous question; which was ordered, and
the bill passed by the following recorded
vote:
AYEs.-Messrs. Belts, Blar d, Brooke. Dickinson
Goode, Griffin, Hairslon Hurt Of Halifax, John
son, Koiner, Lee, Murray, NASH. Num-, Lnieg gar
2 &nTaba@Sl sinclair smith, iannef anu
NoEs.-Mes Chiles, Daniel. Fulkerson, Grim Inns
ton, Norton, Paul Powel Sherrard, slenlp, Ste
ABSENT Or Nor VorrSc.-Messrs. Bliss, Elliot,
and Hinton.
MIR. SPITLER said he would have voted
"No," but had paired with Mr. GAYLE, who
Would have voted "Aye.'
Mr.. WARD said he had paired off with
Senator WALSTON.
Mr.. WARD would have voted Ono" and
Mr.. WALsTON aye"
Mr.. TYLER said he voted "Aye" under
protest. ~. a.'.s
Mr.. KoISER said he voted "Aye" as a
choice between the bill and forcible reid
justment, with which we are threatened.
Adjourned at 1920.
The following are tine provisions OF Mr..
BRoOKE's bill as passed:
1. That all owners Of coupon tax-receiva-
Bile bonds issued under the provisions OF
the funding bill, or Of registered bonds and
fractional certificates legally fundable under
the provisions OF said act, as amended by
the act OF March 7, 1872, in such coupon
receivable bonds, may exchange the same
for new four-per- bonds, dated 1st July,
1878, and payable thirty-four years after
date, but redeemable after ten years-said
bonds to be either registered or coupon, at
the option Of the party making the exchange;
but when once issued to be no further eX-
changeable, except that coupon-bond hold
ers may exchange for registered bonds, the
coupons to be payable semi-annually, and to
be receivable for taxes, dues, and demands
/ due to the State, except the capitatlon-taX,
the tax levied for free schools, and fines
imposed for offences against the State; past
due coupons foreman as under the funding
bill, or invested in misunderstanding Ger.
titcates, redeemable at the pleasure OF the
State.
2. That the bonds so issued shall be SUBJ
ject to the condition that by the concurrent
action Of the Governor and General Assem-
bly, the receiyability of coupons shall be
suspended in times of war or rebellion so
long as the necessity for such suspension
shall continue.
8. That the State OF Virginia will hold
herself bound for the West Virginia certiti-
cafes in no other manner and to no further
extent than to account for any moneys she
may receive from West Virginia.
4. That when three fourths of the con-
sol debt Gncludipg bonds and fractional
certificates legally fundable under the act Of
July 80, 1871, amended as aboye) shall have
been exchanged under the provisions OF the
LIST section, that the peeler bonds (as Of their
full principal amount) and the other I'm
funded bonds and stock Gas Of two thirds
their principal amounD may be exchanged
in like manner rs provided fer in the LIST
section; and that in the mean while any
person owning consol bonds and bonds OF
the peelcr or unfunded kinds in proper
tio1s in amount Of three Of the first to one
OF the latter (deducting in the case Of I'M
funded bonds one third Of the principaD
may exchange said bonds to their gross
amount in four-per-cent. bonds, as provided
in the LIST section.
5. The bonds known as sterling bonds
may be exchanged as to two thirds OF their
principal, either in new sterling bonds or.
at the option OF their holders, in bonds as
provided for in the first section.
6. Any executor, administrator, guard
ian, trustee, committee, or other tiduciarY,
may exchange any bonds, stocks, &C., held
by him, and eXchangeable under this act,
for new four-per-cent. bonds Of the kind
mentioned in the first section, and such eX-
change shall be deemed to be iudicious and
proper in any case where his action may be
brought into question.
The rest Of the bill is taken up with di-
rections for the putting into practical effect
its general provisions.
The bill closes with an expression Of the
belief Of the General Assembly that an adj
justment on the plan proposed would ac-
complish the objects set forth, and invoking
the cooperation OF the bondholders, and
pledges, so far rs it may, the good faith OF
the people in meeting the obligation it i'm
poses.
HOUSE OF DELEGATES.
The SPEAKER called the House to order
at 10 O'Clock. Prayer by Rev. DR.. W. E.
Hatcher, of the Grace-Street Baptist church.
The usual number OF bills were reported
from committees.
PRESENTED AND REFERRED.
By Mr.. CARTER OF Loudoun A bill to re-
lease D. W. Taylor from the payment OF
costs for unlawful assault upon one George
A. Quimby, imposed by the County Court
OF Loudoun county at its May term, 1877.
John A. Ashby for the capture Of an escaped
penitentiary convict.
By Mr.. KEYsER: Petition Of members OF
the bar Of Page county in opposition to con-
solidating the Twelfth and Eighteenth judi
cial circuits.
BY Mr.. HENRY: A bill to amend an act
to incorporate the Lee Monument Associa-
ton.
PENITENTIARY sToREKEEpER.
The SPEAKER appointed the following
committee under the House resolution to
examine the affairs Of the Penitentiary Store
keeper: Messrs. HESKEL, GRAY, DIcKEN-
son, ADAMS, and PITTS.
sCHoOL-PROPERTY EXEMPTION.
The following was offered by Mr.: GREEN:
ReSOLued, That the Committee Of Finance