The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-02-09

Of another State, or by citizens or suble I
OF my foreign State, y &c.
This pnirt MIR. LACY argued nj length, !
and he fortified bis position from number
OF authorities. lie contended that the
United States Supreme Court would no. [
have appellate itirisd ietion in this case. IL
they assumed IL they would be absosusely |
powerless to enforce their man dales. MI VI
LACY discussed this view at great lengtn;
On other points raised 31r. LACY touched
but incidentally.
Mn. BococK, or APPoMATTox,
snid In his specch that the honesty OF the
principal of this debt Is not contested Dy
any gentleman on this floor, and the cues,
ton Of interest has been too long settied
now to be re0pened. After the examination
of the figures Of the gentleman from klcii-
mond fhir. HENRY he was convinced that
there a great deal was left to sanguine
hopes and confident expectation. he pre-
ferred to accept the statement OF Alr.
PHLEGAR, which he believed demon
strated our, ability to pay four per cent;
Now, il we are able to pay four, ana
nay less, we repudiate to tnatsteStent
which we refuse to pay. Reviewing the re-
marks of Speaker ALLEN, Mr. M0FFETT,
Mr.. FICKLEN, and Mr.. DANCE, Mr.. boCoCh
said that while he knew our people were ny
no means prosperous heWas OF OPINION Ihat
these gentlemen had greatly magnlhed tnelr
bad condition. He was opposed to the Dill
for several reasons, which, he named. One
prominent one was that it was an attempt
to exert the moral force OF the Legislature
upon the Supreme Court to compel It TO re-
wise its decision in the Antoni case.
Mr.. BoCOCK, in concluding [he occupied
his full hour1, powerfully and eloquentiy
pictured the troubles that fell upon the peo-
nile of Kentucky in 1928, when the LeSlsla-
ture attempted to di5place the supreme
Court because it stood in its way IN carry
ing out so-called relief measures. and refer
red to the revulsion of popular feeling that
followed, by which the kentucklans were
able to redeem their good name.
Mr.. BoCOCK, in the course OF his speech
having referred to q letter from England,
stating that the foreign bondholders "ould
refund in 4 per cent. bonds, speaker Al
LEN said that General EcHoLs had said ne
had a letter, too; General TALIAFERHo had
another; then why were not the letters
read for the information OF the House?
AFR. BococK replied that he did not claim
TO have the letter. He referred to letter
in the hands of another gentleman.
Mr.. WALKER, OF CHESTERFIELD,
cot the floor soon after O'Clock and COM
menced IN elaborate argument in favor OF
the bill. He spoke about ten minutes, when
he gave way to a motion for recess OF
thirty minutes. After the recess he re-
sumed the floor, but very few members had
returned to their seats lie gave way TO 4
motion to adjourn (made by Mr.. CURLETT).
The motion was voted doWn-ayes, 40 !;
noes, 1. No quorum.
| o. A lal fhofn SrppQh
business, and that AlF. WALKER could not
proceed without q quorum.
Proceedings were taken looking to call
OF the House, but quorum Of members
having come in voted the motion down.
DIr. WALKER then concluded his speech.
Ats O'Clock the chair was vacated until
7:3O P. M.
Night Session.
The tay-bil was resumed. Several
speeches were delivered on the taE-bill.
Some OF them were decidedly good, though
the gentlemen had TO 60 over ground al
ready we'll beaten. The subject, however,
seems ineXhaustible, therein differing from
this reporter, who finds muscular power
only to make brief mention OF arguments
that at an earlier stage OF the debate would
have secured fuller notice.
Mr.. HARRISON, OF SUSSEX,
favored the bill. and deliberately argued
that Virginia is sovereign in this matter,
and that the provision OF the Federal Con-
stitution forbidding State TO pass any law
impairing the obligation OF contracts does
not apply here. Mr.. HARRISON has given
considerable attention to this branch Of The
question, and his views were expressed
earnestly and decidedly.
MR.. LEE (CoLoREDi, OF ELIZABETH CITY
COUNTY,
said that he had heard so much from law
ycrs and doctors that he had got the law and
Dhvsic mixed, and didn't exactly know how
it would operate. He objected to the lati-
tude OF the discussion. Said he, " We have
had geographical history OF the kings OF
England. Now, what has that to do with
the public debit" [Laughter.l Mr.. LEE
announced with pride that he was Il Vir-
ginan, and. declared that he stood Tong
side of DR.. MoFFETT. In closing he said to
the House, Il thank you for my few re-
marks" Laughter.]
MR. M'MULLAN, OF GREENE,
argued that the preamble Of the bill was
true; that the ease which would be pre-
sented to the court would be a new one;
that the arrearages Of the school fund were
due it; that if the system had not been put
into operation until 1876 the funds devoted
to it by the Constitution would have been
accommodating to that date to its credit; that
the school authorities and representatives
Of the fund were not before the court in
Antoni Us. Wright, and that the State must
live, and it is so implied i'll her contracts
with individuals, and that, try hard as she
may, she cannot ION account OF increased
number OF criminals, lunatics, &C., live on
the SAME she did in 1860. Dir. MCMILLAN
| was discussing the question OF taxation,
maintaining that further burdens are i'm
possible, and had stated that the number OF
delinquents for last year was $4,000, when
his hour expired. and
MR.. FAIR, OF FAIRFAX,
got the floor. He believed that the bill was
constitutional and proper, and supported it
because he thought the inability Of the peo-
pie to pay the whole debt made it necessary.
It was useless, he thought, for gentlemen to
attempt longer to force their logic against
the stern decree OF facts. The financial cX-
hibit OF Mr.. HENRY he called guess-work.
He said that part OF the debt Mr.
HENRY sinks in the bottom OF old
ocean, u part he contiscates, and a part
he repudiates. Who couldn't pay the
debt that way? Mr.. FARR admitted that
Is cents out of 80 on the 500 Of pro-
perry was very small amount to set apart
for the payment OF interest, but we have
other income [licensesl, all of which is to 20
to maintain the honor anu credit OF the State.
He insisted that it would be for the interest
of the bondholder, as we'll as for the inter-
est OF the State, to have this bill passed.
Messrs. DIcKERSoN Of Russell, and
L - Tn1 a1n Eo