The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1882-02-08

-rhss ,v-.ndrnenf WIS afterwards with
,,,.,,s,, hersase bill having The same oh
i.,s IN view was now pending in the
senate.
The bin Wa then passed by the follow
ing vote:
.xYs-wess-s. ~ Andrrrsn- BALDWIN. IsiHBd.
s,.srs f4,amfsiD. has. Coleman. Gross DsYer-
Dirsersff DiekensaB- lpnnEer PAR. frn-
zlsr Frv Clddlnrs. 6randstzn ~. tsft-n- ann
tssfsd ar.-s, f,ylxrS- Grim. Hadesl- Hamilton
ss.,-,s,,sr,e.sr harris Harrison. lakewood Her.
80 u1r,ater IadF Ltwis 1AF. Mayo Morton.
owsBs. Paige PAR. Fo.el. s,, ke,efo,a, Eicaro
s,r-t,Ts, r A r.v,fr I. &. 1aylor. Tinslsy. Tur-
,e-- Vsarhsn. u A. Waieins- Webb Nifien.
Young. aud NJ. speaksT-5o. ~. ,.-..,
CsghlIl. Dalton. Y. 4 Davis ]. W Davis Dr,iln.
Ezrle. FiizJnir1ck- Graves ,.r11n lilnrsr; J,f-
ios ssis' ssls s'1f + .Si. ,' EsBsr spafl
rss~.d. -ta,ist,.- & D. TAYLOR. IcfT1l. Ward aud
Wilkins-So-
A motion 70 reconsider The vote by which
the hin was yassed was then made.
Mr.. Pollard said thEf the RcSdiusicr
party. which had come into power under
The crv n death. destruction. and execn-
fion 10 The " hloaled bondholder." now
turn up a. the parry proposing aud pres--
ing a measure which not only capitalize
interest. ~ ~ clearly shown By the gentle
man from Amherst. bat aiscNs fhe interest
on the peeler debt represented by peeleT
coupons almost entirely in the hands Of
brOkerS and bloaicd b08dhoiders II eighty
cent. in the dollar. while that part of the
debt beld by widows and orphans j. COM
pelled 20 be funded II siXiy-nine cents IN
The dollar.
The motion 90 reconsider wa lost
The following i, the Regd5uster Me0ry 0f
the bill.
The preamble presents the uue state Of
the account between the state snd her ere
ditor~.' derived from the Second Auditors =
Office. and fixes the debt. principal and in
feresr. June -. l>s3-thc date n which
West Virginia was admitted into Ire
Tnion-at 50. 095. ~. -. q which two
third. '0ne third being assigned % West
Virrinial is S26. .063. .g52.gS. subject 10 @ Gro
dit of S3.G6s 434.jj 0f interest pad from
January ]. 1861. % July /. 1862. erc'usiDeg
ont Of the revenues OF this ~fltc. and leay-
ing principal debt Of 80. .094.l4l.ag. with
interest due % the sum of S31-. -.576.l7-to-
TIL leB 0f hiS Nir-inia. July J, 1866. So
40I.51S03.
Following I'D the account upon ihl- 1a-
~. and giving his state due credit for her
redcmuiion. and payments tne statement
ascertain, our true dcN, q, oi July ]. lsS2.
Al SO. 4S.Q341- # principal and s4.l92.-
GAGS q inferc-i-toial. S2l.0$i.%s ..lJ-
which includes fhc Literary Flnd. Til.
-um il auD0T1ioned 90 the various oui.i2nd-
ing bond. up0n The basi- of equifv-in
which each cla,> j. treated lccordins 20
what 4 has heretofore receired. Thus.
that clas. which hss received m0st now -cis
.H. rrN.rfsif
'eas. n0w gei, the most.
..I ndcr The scheme The different cla-se-
ar, fundabie in the new bonds proposed 90
Do issued. a- follow. Consols NJ 80 per
cent. 0f their face. and TIE pasf-due and
unpaid interest thereon a. loo per cent. ,
1910, ~ 60 per cent. md tAe p2st-iuc and
unpaid interest thereon "a 100 per cent ;
DeeleT, q 90 per cent. and ile accrued ln-
fcrcsf thereon q SD per cent; upfundcd
bonds u ~ per cent of two thirds Il their
face. with The unpaid interest thereon Il
Sc. and The equitable ,h2re oi the stale %
the bonds of the Literary Fund 70 go pr
cent. the interest in ARREARS on such -Iafe.
S.s.g.2-0. 10 b. paid in money.
For an balances of such indebtedness
- nav constitute the share II West VIZ
ginia certificates are 20 issue. without IT,
course Oh tllis ~tafe. The bond, are % -
.uc % the date Of July !, iSs2. payable on
july ]. IgS2. or after july J. 1890. a the
option of the STATE. and Ire % bear 3 per
cent. intore.i-principal and inicre-i p4ya-
ble IN Richmond u the Treasury. The
coupons 0f the coup0n-bonds are not tax
receivable nor are they. or Iny oi the
bonds. exempt from taxation.
In 1890. and annually thereafter mii
all 'he bonds are paid. = per cent. oi tbe
amount 0f The bonds outstanding shall hf
~et apart from fbe revenue and paid into
the Treasury 90 the credit ei the sinking
Fund. aud o. be applied 20 TIE redemption
OF purchase 0i the bonds. Fiduciarie'
may eXchangc state bond. held by then
for bonds issued under The sci. when -
authorized hy any c0ur having iurisdic
ton. Interest j. 10 he paid "a. 10 become
due out % any money in The Treasury no
oihtrwi.e appropriated
Taxation Of Railroads.
The following /, fhe report - the Hous'
Committee 0n Roads and Internal Nayiga