The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1879-01-13

1 fuW came uDe anu Haa uIscusSCa - -.
4 WHITE OF Hanover aud Others a ana feieffeu'
10 the Committee on Garne.
PuDLIc-DEBrzc CONFERENCE.
1 senate resolution providing for a confer,
fence with tie creditors OF cue S.ase, ana
substitute therefor the Jimmy aNa
Committee, came up at O'clock ~ y, tae Ks
ciaI order-tLe pending question ,psiNg 49,. ~
motion toi Mr.. ASHTON TO strike out .lto W
i TIE preamble Of the. substitute q the Woras
following: .s,, I, ~, * ID:
last sesion, in an act 10 pr9gIue III a.. she
navnent' OF an Uniform rate OF interes,
j tnhereuno1,,, approved March Ia, 1875 dlo
snhmit TO the creditors d, the Common
I wealth aproposition, which parties clai u.
inc "a represent a large numbe Oh said creui-
fnrs have indicated their unWilllngness 10
accent !. and whereas certain parties repre-
/ s.ntinnsthe holders OF large portion Oh the
bonds of the Commonwealth have, through
/ the Governor, suggested terms OF settle
i noent. which, irl their opinion, would be ac-
ceptablc to a very large maiority,-n not the
/ whole. Of the holders OF Virginia securities:
which terms viii not. in the Judgment OF
the General Assembly, be acceptable to the
ueonle of the Commonwealth, because OF
The impractcability of increasing the pre-
sent rate OF taxation and In view OF the
greatly reduced resources Of the State"
The amendment OF Mr.. ASHTON was dis.
cussed By Messrs. BERNARD, SHELBURNE,
and MCDONNELL, and at LAO DIR. kEYsEN
demanded the pending question, which was
ordered. . 4ssE ~: ,s.# =,
On the adoption OF the amendment the
vote resulted as follows: l Il. ,l:. c1@
AYEs-Messrs. Anderson, Ashton, Bernard, Be-
Davis, Over, Echols, Edwards, Finney. G0ode'
Graves. Gray. Green, Hail. Hanger. Hardesty
eGTaM M'nsE
| Mushbach, Nelson, Pullfam, Rasland, Reese, KY
land sanddge shannon Shryer y. T. Ia Ma,s1
Whilacre, T. NJ. White, Wilkinson, and WtnSfeld-
SO. ..,.,. D.
bour, Durnllam, J. K. Carter, Chase, Coleman
Crank, Dance, Davidson: pickerson Dicksnso On
Evans Far FauRsr0y Eekn Eowles A.
| Harrison. r. y. Harrison, Harvie, Henson, "; +
James. Johnston. Kelly, kevser, Lee mcCaDe, NJ, Nc
rish. j. ii. Robinson, shelburne, Shunlate: E. h
Smith, J. H. Smith. scuthward, spessard, stevens
syST w. WTayS y Wtep T y1IsR
Young, and Mr.. Spcaker-59.,
Mr. TALIAFERRO OF Norfolk offered the
following to come in the substitute after
"and in view OF the greatly reduced re-
sources OF the State":
"But are anxious to do all consistent with
what is believed to be the interest OF the
State and her creditors to adjust il possible
the differences existing between the prono'
sition made by the General Assembly at It's
last session and the several proposition,
now before us relating to settlement OF
the public debt"
The amendment was agreed to-ayes, y
noes, 81. ~ r..
The substitute was ordered to engross
ment in the form following:
"Wbereas in the estimation OF the Gene
raj Assembly it is desirable that such a
speedy, Just, aud final settlement Of the
public debt should be consummated Is will
bring the payment Of the interest assumed
thereon within the ability Of the Common
wealth: ard whereas this General Assem-
bly, at its last session, in "an act to pro-
vide for the consolidation OF the public
debt and the payment Of an uniform rate OF
interest tnereupon," approved March 4,
1878, did submit to the creditors OF the
Commonwealth a proposition, which par
ties, claiming to represent large number OF
said creditors, have indicated their uD-
willingness to accept; and whereas GER
tain parties representing the holders
OF q large portion OF the bonds OF the Com.
monwealth have, through the Governor,
suggested terms OF settlement which, III
their opinion, would be acceptable to avery
large majority, IL not.tlle whole, OF the hold,
ers OF Virginia securities, which terms VIII
not. in the Judgment Of the General Assem-.
bly. be acceptable to the people OF the Com
monwealth, because Of the impracticabllty
OF increasing the present rate OF taxation,
and in view Of the greatly reduced resources
of the State, but are anxious TO do all con-
sistent NTH avhQt is believed to be The in
teYest of the State and her creditors 10 ad-
lust if possible. the differences existing
betaoeen the proposition made by the General
ASSEMBLE at its last session and The several
PROPOSITIONS noD before us relating to q set
ttle,nent of The public debt; and whereas the
prospect OF such settlement as will be ac-
ceptable to both the people OF the Common
wealth and the holders OF the bonds OF the
State may be promoted by direct interview
between their respective representatives,
therefore ........ ... ...re.
{" Resolued by The General Assembly,
That the Governor be authorized toTequesl
tile presiding officer OF the Council OF For
eign Bondholders of London, England
Messrs. Barring Brothers l. Co., Messrs. l.
G.. & G. C.. Ward, Messrs. de Rothschiid
Mr.. August Belmont, Messrs. Brown Bro
| CDerS q Co., McSSls. .hlCial " - VIZ ~ So.'
Mr.. Charles NJ, Fry, aud Mr.. Hugh Nc
CulIocb, or the authorized representative
OF said persons, and such other creditors Of
the Commonwealth, OF their representa-
tives, as may desire to be present, to NEE
this General Assembly in the city OF Rich
mond on the 22d day OF january, 1879, fol
the purpose OF comforting upon the sublec
OF an adjustment of the public debt"
The vote on third reading and engross
ment was as follows: IL. -..f ...
AYRs.-Messrs. Adams, Akers. Ashton, Ahkisson
Barbour, Bernart, Brown, Bnrssr Eurntain
Dance vn paS Fsrr Fsgne
| row Fickn, Fowler, Fulton, Goode, Graves Green
| Hall. Fl. II. Harrison. Reuben N Harrison, Haryie
HeaIy, Henson, Hiner, Hunter, Waddy I. James
Luck McCabe, McCau McCraw. MCDANIEL Nc
Mulan. Moncure. Norman. Nelson, Ogles9y. Rag
. | land Edmund G.. Robinson, j. 3. Robinson l.yland
| SnuihWard Spessard sykes, Warner \. Taiaferrc
Andrew j. Tayior, William Taylor, II out, Van
Lear, Joseph Walker, Wallace, Watson. Whitacre
Smith j. r. White Thomas MAJ NJ Wse williamson
NoEs.-MesSrs. Anderson, Bohanan, John 4. Car
| ter, Chase. Coleman. Cox, Crank, Curiett, t1nney
Frazier, Eulkersnn, Gray Grigsoy Hamilioa Ian
bach, Norton. Parrish, Pu!lialn. Ree,e. sandidg.
j. Howard Smith, Stevens. George Walker, Waring
Witten, Wright, and Young-92
This House substitute for Senate resolu
ton was engrossed and passed. ,i a.'
Adjourned. ~ s..
,..... =, New Laws.
Joint resolution in relation to the terms
Office OF the circuit judges.
An act to incorporate the Alton Brother
hood in Nelson county, to conduct mt