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

In any way better indemnity any new cred
ttor than BY the issue to him OF some OF th
bonds already authorized but, not used
recognizing the prior lien OF all earle
issues.
The opinion of the City Attorney havin:
been read, Mr.. Christian I aIr. Elicit beint
in the chair) said it was evident to his mint
that The bonds contemplated TO be issued
under his resolutions would not be secured
and he would therefore ask the unanimon!
consent OF the Council to withdraw the reso
futions.
There being no objection, the resolution.
were withdrawn. .
OTHER BUSINESS. &.
Mr. Taylor presented several petitions
which, under suspension cf the rules
were appropriately referred.
rs 5fr. King under o suspension OF the
rules, presented a resolution granting the fol-
lowing building permits; which was agreed
to /: Il. j. Lewis, stable at No. Si2 Third
street; A. j. Mcdowell, dwelling 3n Eff.
teenth street near Poplar street; III. j. Tyn-
dali, stable in rear OF lot on First street be-
tween Clay and Leigh streets; d. B~Pros-
ser, COW and wood-and-coaEshed at No.
2S15 Grace street; Charles F. Taylor, store.
room on premises No. 606 Grace street !; A.
j. Mcdowell, dwelling, with shed-room at
tached, on Buchanan street near the gully,
adjoining Maddox Hill; w. L. Cowardip,
stable near the corner or Twenty-sIxth and
Franklin streets; CIR. Wingfeld, .carpen-
ter-shop in rear Of his rssid dence,s esa1 "a
west Duyal street; Samuel Egan, frame
building on Marshall street between Eigh.
teenth and Nineteenth streets.
Mr. Curtis presenteda resolution giving
Dir. Hawes permission to erect building
on the corner OF Eighteenth and Cary
streets; which was committed to the Com
mittee on the Fire Department.
THE CANAL. AGAIN.
The Council was about to adjourn, when
Mr. w. II. Hayall presented the following 4:
ResofUed fthe Board Of Aldermen con-
curring( That the city OF Richmond APP
propriate $4,000 Of its six-per-cent. bonds
TO be applied to the restoration OF the canal
between this city and Lynchburg, anu to
take the seeond-mortgage bonds OF the
James River and Kanawha Company as Sc
curity.
On motion OF Mr.. Elicit, Judge Meredith,
on behalf of the canal, was invited to adj
dress the body OH the subject.
Judge Meredith spoke at considerable
length in advocacy OF the city's loaning the
canal canpany $4,000, taking the second
mortgage bonds OF the company as security.
Mr.. Whitlock inquired Of Judge Mere
dith whether, as member OF the Board OF
Directors, he would be willing to advocate
the pleds ing OF $4,000 Of the second-mort-
gage bonds of the canal company If the city
woald loan $4,000 in her bonds.
Mr. Taylor objected to the question.
Mr.. TAYLOR demanded tho pending ques-
ton; which was not ordered.
Judge Meredith said, individually, he
would not hesitate to advocate the compa-
ny's giving $4,000 for $4,000 OF the city's
bonds.
Mr. WhitIock advocated the passage OF
Mr. Haxall's resolution.
Mr. Skinker spoke in opposition to the
proposed appropriation.
The pending3question was then ordered,
and Mr.. HaxalPs resolution appropriating
$4,000 in bonds to aid in repairing the canal
was defeated by the following vote (not two
thirds-twenty votes):
AYEs.-Messrs. Curtis, Elicit, Foster. Guy, Hax;
all, Hayes, johnson, Stokes, Taylor. Wood, and
NoEs.IMessrs. Adams. Campbell, Davis, Hard
Skinser. straus. Timberfake, VaRdervan, aud Whit
locS-15. ~ ,-ss -
Mr.. Whitloek then presented resolution
authorizing the Finance Committee to loan
the canal company S25,0O0 in six-per-cent.
bonds and take as security $50,000 in the
bonds OF the canal COM
pany. .
Dir. Straus raised the point that the same
question had Just been disposed or.
The Chair decided that the resolution was
in order, because the resolution just de-
feated proposed to exchange an equal num-
Der of the city's bonds for the canal COM
panY's bonds.
The resolution was defeated by the fol-
lowing vote (not two third9:
AYEs.-Messrs. Curtis, Davis, Elicit, Foster, Guy,
Hargrove, Haxali, HAYES, Johnson hetzger, Stokes
WhitIock, Wood, and ChrfStian-14.
NoEs.-Messrs. Adams, Campbell, Higgins, King,
Lauer. Oliver, Starke, skinker, Straus Tmberlake,
and Vanderrail-i1.
3 Adjourned.