The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1879-02-27

E se o,ofoek mr.! MoFrErr moved e
siunfand BY ssaiking otlt IN The 90 ana I'll
tiines 81 fiias1st sectisn the words :. dnteo
tha~f 81 dax of Januafy55 70. r. !,
PENDING the consid Iteration OF this amend
4 meur / O'Clock arriyeG-tti hour iof tne
c6asidcratfon OF tue constitutional nm U emu
ssif. BoCoeK moved to postpone The con
Institutional amendments until Friday next
4 The pending question was ordered-
4 ayes, sS; noes, 81. 81
4 a Mr. HARRISON of Sussex moved to recon
! slider. the vote by which the pending gu
/ ton ,uas ordered. Rejected. Ii ..sge.
Mra gOCOcK,s4 motion TO postpone I'M
amendments was adopted-ayes, ~; noes
80. ,s1fitit3, s5ilt .lIeffI2s 'l,I!., 4.
i Mr. HARRISON moved to lreconsider tue
!. vote by which the special order was post
poned ~ nj .trfasG1ssfi = ifsz,5 Y
Il; No quorumi votinig .ya 81 :. ei9!f.f II
I II DIR. HARRISON moved to ADJOURN LOST
ayes, %; noes, 90. 4jtss. 4 IIills,, .1i
j The funding. question: was ordered-ayes
\ Sc ;snoes, n. sit 9lWdf gtaIIEsi i..s.:G,5,t
4 Mr. HARRISON. moved to, reconsider '1ne
vote. Lost-ayes, 20; noes, 50. .
1.-The motion to reeopsider4t the Yote. ny
u which the constitutional amendm MIS- were
lnoes;79. sd a.sI - }'s s'F1s -.
!, Mr.! GRAVES moved to POSTPONE tho calen'
dar three minutes for the PURPOSE. ofilnife'
ducing n resolution. Agreed 4to-ayess 90
noes, "A. ..Sia..i ,!.;1
The, hour OF ,2s O'Clock having arrived
1.-The chair was vacated until f.fM. - iet'}
li8 ,Ieu 73q Might Session. gsuts":2G
/ The SPEAKER caled}tbe House TO order al
ISio,clock. Nearly alt the members were
lpresent. ~ Gf2fl. 'd.@,.'
t. After "a considerable number OF motion;
had been made and disposed OF without adj
yancing business, Mr.. HANGER got the MOOR
and-Withs review of removing all OBJ
/. structions to action on the Senate McCui
loch bill-nosed that the first special ORDER
fine Barbour bill, reported Oh the 10Th OF
!, / of january be laid upon the table. De-
bate was not allowable. i :T''@.lEH
The vote resulted as foiloWs:s .7~.8
AYEs.-Messrs.A Anderson, Bernard. Gland.! 30 So
hanan Burger CoEhi Cox Ssa,SaseS, n Iaroy
Fckin, Kinney, Goole. Graves, Gray, Green cen
HANGER Hardesty. H. Il. Harrison, Teuhen n. I Har.
Luck. McCraw. Moncure; Moorman, Mi 81 M
NeI:9n pnar si Rasano shrser. T.
Smith, William B. TaIlaisrro, Warner 7; LAM
ferro., Trout. George Walker N;il!ace' Wttimf
u,
NOES -Mc.srs. Akcrs, John R: Carter, Peter j.
Carter Chase Coleman Crhk oy1er Fraz,er Full
kcr..on. Fulton. G,igsby, Hamilton, Hafyie Wadhy
James; JGnsG s. ksy NC sDane Nor"
0eiesby. Powell, Robinson, Shunale, j; Howard
smith speisard syksss AnareR WHY ddS'9 Wt na
Lear. Joseph Walker Sinti y. II. " hite, Ti'ihe'
Wilton. and Wrisht-43. -. --.@ - 'a..
Mr.. FL. II. HARRISON OF Sussex moved to
reconsider. ~
Ruled out of order by Speaker ALLEN.
Mir. HENRY next moved TO lay on the table
the next special order-the House bill same
as that IRON the Senate. F,... $751;, ...''
Dir. HARRISON Of Sussex moved to adj
Ijourn. Lost. II
The blliwas laid on the table.
THE NJ CULLoCH BILL Up.
This next special order was cailed-the
McCulloch bill from the Senate.
Mr.. MoFFETT was entitled to the floor.
The SPEAKER laid before the House the
following communication:
" The FUNDING AssoCIAT1oNl
4',, OF. TIE u. S. A. (LIsurEDL :
l." RICuMoND. VA, February 2G, 1870. }
To the Honorable The Speaker Of House OF
Delegates: .....-.
Sir,-While we do not feel authorized to
make any change in the substance OF the
proposition for funding the State debt
which has, been submitted. we have no OBJ
lection to relieving it from any chance OF
miscon str,lcti0n.
AS it has been suggested that in section
Of the proposed act there is some am
biguity, though to our apprehension it is
quite plain, we beg leave to say that we are
quite willing to vary it so that it shall read
, as follows:
"Secliou 3. The outstanding Indebtedness
OF the State shall be funded in the new
bonds to be issued under this act, as fol-
lows: "'s'""
:sBonds shall be presented for exchange,
with all coupons attached maturing after the
date of presentation, and shall be exchanged
at the face-valua OF said bonds, dollar for
dollar, for the new bonds, with all coupons
attached maturing after the date OF such
representation, provided that The proportions
: OF Glass II. refunded shall never exceed IN
! amount one third Of the total amount re-
= funded Until eighteen million dollars OF
: Glass /. shall have been retired. The new
bonds to be issued may be coupon Or regis
tered, at the option OF the holders, and at
the Iike option coupons bonds may at any
:, time be converted into registered bonds"
If this change be adopted it will be ne
cessary 10 alter section by striking out the
words in the first and second lines, soup TO
and including January J., 1879"
We desire, also, to call your attention TO
;. the fact that much time has been, and still
may be, consumed by the necessary delays
: in legislation, and to the importance OF al
! lowing the Association a reasonable time
for the purpose OF comforting with and Sc
curing the approval Of the largest number
OF bondholderS to the terms OF settlement
: before the Associations file their assent.
We would therefore ask that the word Nay
be substituted for Aprii where il occurs in
the fifth section OF the act.
/ We have the honor to be your obedient
servants, ISAAC x. CARRINGToN,
for the Council Of Foreign Bondholders;
I 81" 80 E.. r. LELAND,
CHARLES S. CAHRINGTON,
for the Funding Association OF the United
S.ates OF America (Limited).
q. THE PENDING QUESTION.
/ Dir. LACY in the chair. s..s,
| Mr.. MoFFETT took the floor to argue IN
favor OF the amendment submitted by him
q at tue morning session. He also favored
the submission OF the bin to the people.
; On motion Of Mr. WILKINSON the above
; letter was ordered 10 be printed.
Mr.. HENRY addressed the House at length
in opposition to the amendment OF Mr..
MOFFETT. He claimed tnat to give the new
bonds different dates would be to create in
extricable confusion and TO depreciate their
! value in the market.
Mr.. FOWLER followed in an explanation
OF his positioG-in attempt to show the liz