Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1890-02-11


smoke IN behalf of the substitute, which
was adopted and ordered 70 us uengross-
mont niessrs. Lovenstein ana Harrison.
~ as. a., ov;dence of the need Of such law AS
This referred 10 the failure OF the American
pn,jd;ng and Loan Association, by which
many people of this city anu otate nave
section ) of the bin reads; ca
"That a certificate from the state officer
| designated by the laws OF tho ota'e ia when
said corporation was gwen cuar,eri thas
cta;o ma IN the amount Of securities re-
on;red 10 be deposlted for the benefit Of oil
H. r,arnhers al said association, the same
shoIl he accented as sufficient guaranty for
the members of the ASSOCIATION III TINS
State"
Tho hi, IN incorporate the Norfolk and
Portsmouth Belt Line came up on ITS en-
Mr.. Lawless moved to pass by and make
It the special order for some other day.
To this objection was raised. anu II was de-
cided 10 20 ahead with the Dill az once.
Mr. Iawless moved to amend the substi-
int uroposed bv the committee so rs to
reouire ihe COMPANY 10 establish as COM
ridto terminal facilities in Portsmouth as
IN Norfolk. and made n strong speech in
its favor. insisting that the people Of
Portsmouth should share equally with
those OF Norfolk. ~,
Mr.. Turner vigorously opposed the
amendment. rs did Mr. Heaton, and il was
rejected. The substitute was tnen adopted
and ordered to its engrossment,
The Senate adjourned at 400 L. Nj.
House of Delegates.
Sneaker Cardwell called the House to
order at ~ o'clock. Prayer was offered by
Rov. ]. Wiley Bledsoe, OF Park-Place
Methodist church.
TAXATION UPON LAND.
Tho Finance Committee, in response to n
resolution requiring them to examine the
feasibility of releasing the tax on real
estate To the extent Of tho mortgage upon
the same, reported. after giving numerous
reasons why sucn would not bc practical,
that it would not be feasible TO release
such tax.
Their report was adopted.
REDUCTION OF EXPENSES.
Mr.. Mason, of King George, offered the
following, which was adopted:
Whereas the financial condition OF many
of the people Of this State 10 in depress-
ed condition and whereas the eX-Goy-
ernor of Virginia in his last message stated
that the farming interests in some locali-
ties had been greatly depressed, and il was
also suggested by him that the bill apprO-
priating the public revenue should show n
less amount Of expenditure; and whereas
the farmers. both landlords and tenants,
desire TO have this Legislature to reduce, if
possible. the expenditures Of the State /;
and whereas their embarrassed condition
requires rigid system of economy and q
lust and fair reduction consistent with
their endorsements: therefore be it
Resolred by he House of Delegates, That the
committee appointed under the resolution
known as the HAY resolution. with refer
ence to curtailing criminal expenses. be
instructed to inquire into the prOpriety and
expediency of reducing other expenditures
OF public money. and 10 this end are di-
rected to examine into the expenses of
every department OF government and re-
port by bill or otherwise.
OLD DoMTSIoN CONSTRUCTION COMPANY.
Mr.. Joynes introduced bill to incorpo-
rate the Old Dominion Construction Com
panv. The corporators are L. l.. Moore.
". NJ. Lille, 4. S. Wiley, J. b. Young, and
G.. Armistead Gibson. The object of the
company is to construct. improve, and
equip railroads chartered by this or any
other State. bridges, tunnels. dep6ts, sec
tion-houscs, and othor structures proper to
the use and operation of railroads. The
capital stock il to be not less than $4,000
nor more than S250,000.
SECRETARY TRACY'S REPLY.