The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1879-02-28

5tos The Gosssnor waS affixed TO an act o!
sAssembiy lit was tflas law OF the State, and
Il tilB-yDtes OF all tho people between Tho
d MounEains and tho aen could not prevent it;
And there is not Judge or court In the
Estate bt.s-wotfid hold it so, 70 be SUBJ
nitted outuf curiosity'y WHO, ever heard
Of such thing! Tho, proposition is SO pre-
pestafols IL makes me Blush TO Think OF itt''
! said be. ~ IA gssF ~ y T.s-FsEks
/ After awhite,:I this, plap prevailed mem-
bers would shirk every question, and would
propose to submit each general law to the
people for ratification or rejection.
Mr.. ALLEN pictured If strong but truth
full coIors the trouble that would be brought
upon the, people; by q h heated icanY assJ on the
subject.
He indicated that be had an amendment,
which, If adopted, would secure his sup
port for the bill with all the power and
earnestness tile God of Nature had given
him.
The amendments as follows: ..Y,A. sc ]
II. Whenever there shall not be o suffi-
4 Gent amount of money IN the Treasury Of
the State to meet the accrning interest on
the said bonds d promptly. the Auditor. is
hereby authorized and directed, by and
! with the advice OF the Governor OF the
State, to raise by temporary loan, 10 be
!, u,
tthe State, sum sufficient 10 enable him
to meet promptly the said interest as it ac-
crues. And in case the Auditor shall not
be able to raise sufficient sum for the said
purpose by loans, he is hereby authorized
hard directed to issue misunderstanding
certificates OF Indebtedness of this State, to
be signed by himself and countersigned by
the Treasurer. and properly registered in
the; offices Of: the'Auditor and Treasurer, for
the sum OF one dollar and muhiples thereof;
the same to be printed from plates, which
shall be the property OF the State, land to sell
the same at not less thin aminimum price TO
be fixed by the commissioners OF the sink
ing fund. The said certificates shall be re-
ceiyabie for all taxes, debts, dues, and de-
mands due the State, and this shall be ex-
pressed on theil face. II. .e.1,,; -.... lg..
Is. The amount of such certificates which
may be issued at any one time shall be fix
ed by the commissioners OF tue sinking
fund, and the proceeds OF the sale thereof
shall be devoted exclusively to the payment
Of interest as aforesaid. The Auditor shall
report regularly to the General Assembly
! the amount and character Of certificates is-
| sued under this act, and the net proceeds
| thereof. 4
Il. The said certificates shall be received
by the Treasurer OF the State and be cam
ceIled on receipt thereof, under the same
regulations and prohibitions now existing
in relation to coupons for interest on the
public debt, except that no tax shall be de-
Quoted therefrom, and the fact OF their can
collation. shall be noted on the said regis
tiers.
EThe friends Of the bill will accept the
amendment.
Messrs. MOrFETT and III. II. HARRISON
asked Mr.. ALLEN Il number OF questions, al!
OF which he promised to answer az fully rs
any one could desire when the bill itself
was under consideration. For the present,
being very hoarse, he preferred to contne |
himself to the pending amendment.
Personal.
Mr.. FOWLER. i'll replying to Dir. ALLEN,
spoke OF Mr.. ALLEN as ga recruit" or the
other side. Mr.. ALLEN Interrupted and
told him that he OR. FGWLER) must not
speak of him in that way. Mr.. FOWLER dis
claimed any purpose to be dIsrespectfnl;
but his explanation was not entirely salts
factory 10 Mr. ALLEN; whereupon Mr. |
FOWLER told him that it was all that lie
could say, and that if the gentleman wasn't !
satisfied he could make the most OF it. NJ |
FOWLER subsequently complained that Mr.. |
ALLEN was too sensitive, considering that |!
he had spoken OF his (FOwLER'S) proposition J
as :'absurd and prepoSterous; but he |
hadn't intended to arouse any unpleasant
feeling, and was sorry ii he had. ..
Dir. FOWLER went on to claim that his
proposition was not urheard OF. That the |
very book Mr.. ALLEN quoted from contain
ed an instance OF liquor law submitted to
the people OF State.
MARTIN MEREDITH L1PsCoMB.
Mr.. BoHANAS argued that the country
had already been too much disturbed by
this debt agitation. In the course Of his re-
marks he proceeded TO quote from report
of the speech delivered by Captain Martin
Meredith Lipscomb at the invitation OF the
readiusters' convention.
Mr.. LADY objected that the matter was
not pertinent. TT was Mr.. Lipscomb's
views about the debit
The SPEAKER OR. MCMULLANl said that
Mr.. BoHASAN was net out OF order |
Mr.. LADY appealed from the decision OF
the SPEAKER. s.s s'#ste-#
The House sustained the SPEAKER.
Mr.. LADY cilled for the ayes and noes,
but subsequently withdrew the CALL -'
Nr. BoHAEAN also quoted from the speech |
Of William Z. Jefferson (colored), before the
rcadiustefs' convention, to show what
would be the result OF submission OF this |
question to the people, even il it were legal
10 do so, and said: Perhaps the dls'u-
ruished and acknowledged leader Of this /
party is now in the proper company TO find |
'sthe shrewd moralist who can calculate |
honestly within per cent. OF its vanish
ing point" &c., =, T. |
..a. MR.. POPHAM. ~ +, ..s4 !
This gentleman followed Mr.. BoHANAE in
earnest support OF the bill and in OPPOSE
ton 10 the FOWLER amendment. What his
people want is cessation or this agitation. |
He thought the terms honorable alike to the |
State and the bondholderS. For ten years 1t
would save to the Treasury S30O,G0 year. |
For twenty years we would be paying only |
what we are paying now, Sl,200,000; but
With the impo tsnt difference that we would !
be paying fnll interest upon tic whole |
principal. It would set the public schools
upon firm foundation, and before many |
years had passed, under the happy promise |
OF this bill, he believed Nirginia'S cream !
would be so greatly restored and advanced
that she could issue new bonds, perhaps, al
3. or 81 per cent. and retire these bonds. |
He thought it OF the very greatest import
ancc 10 take the debt question out OF poll
tics. In the only words OF General Grant
which he (AIr. P0PHAM) could approve,
"Let US have peace"
THE TRUE lNwARDNESs. ~
Mr.. FUrKERS0N OF Lee read from proof n
speech ':writtcn and in print cspeclallyfor
the OCCASION" discussing the "true inward
ness j." OF this measure, which he considered
l.