The times. [volume] (Richmond, Va.) 1890-1903, 1901-02-08

iUCUS USitlSIil 0S - OOttill
of TRAlN-LoAD SHIPMENTS.
Manufactured by
line Southern Manufacturing Co..
RiCHhOND,VA.
was bid at the Richmond Stock Exchange
Board for Richmond, Fredericksburg ana
Potomac Railroad Company common ana
preferred stock. and only ten shares were
offered for sale, and at $274. Should the
stock be sold at $500 and the bond ana
certificate of deposit collected the stock
would then realize TO the State only S226
THE, BIG JUMP.
The committee would note that few
years back the IeSis.a ture. in charterins
the Manassas, ana Richmond Railroad
Company, thought SI%5 stock and Sl32
dividend obligation a fair price for this
stock and dividend obligations
Last winter when the present acts were
passed the stock was quoted in the mar
kets at from one hundred and sixty TO
one hundred and siXty-five. To-day two
hundred and fifty is bid for il, and We
are satisfied from inquiries carefully
made that the advance in the near iu-
turc Will be substantially greater.
Under these circumstances we most
earnestly advise "a repeal of the act au-
thorizing the sale Of this stock at two
hundred. even if by such repeal the bond
and certificate of deposit above referred
to be cancelled. y simple calculation.
based on present rates, will show that 4
sale now at two hundred and twentl--sx.
which is two hundred Plus the premium
of the bond and certificate of deposit, to-
wit: twentE-siX. would be a losing mat
ter to the State of Virginia. We earn
estly advise that. if possible, the Legs
la1ure repeal said act
Respectfully submitted to Senate Com
mittee on Finance and Banks.
GEORGE W. MORRIS,
HENRY FAIRFAX.
Subcommittee.
II the States holdings in the r., F.
and P. r. r. Company can be properly
protected ] think the State should hold
the stock for the present.
D. G.. EGGLESTON,
OF Subcommittee.
THE REPEAL BILLS.
The three bills favorab!y reported are
first 10 repeal the charter of the Rich
moni & Washington Air Line Railway
Company. and to cancel and surrender
the bond and certificate of deposit there
in provided for: second. to repeal the
act authorizing the sale of the States
interest in the Richmond, Fredericksburg
and Potomac Railroad; and third, to
repeal the act prohibiting the Richmond
and Washington Air Line from making
further traffic agreements with the Rich
mond. Fredericksburg and Potomac Rail-
road Company so long as the State re-
manned an owner Of stock therein.
The bills and The committee report were
Placed on the calendar.
FARMvILLE DIsPENSARY.
When the kill. Offered by Mr.. Watkins
for the establishment OF a liquor iispcn-
sary at Farmvile came Up. Mr.. Opie
vigorously opposed il. He said the effect
OF a dspensary was TO make men carry
bottles around in their pockets God help
the man who carries q bottle in his pOck-
ct" said Mr.. Opie. 1T makes knights OF
the Gemijohn.' -
Mr. Watkins spoke briefly but ritl: great
earnestness i'll advocacy OF the measure.
II was passed under suspension OF the
rules. Only AIessrs Keezeu and Opie vot-
ed in the negative.
Tie bill to incorporate the Charlotte and
Prince Edward Electric Railway and I'M
provernenr Company was passed under
suspension OF tie rules. The object of the
company is 10 construct and operate an
electric line from Farmville, on the Nor
folk and Western in Prince Edward coun-
ty. to SmithVille, on the Southern. in
Charlotte county.
~
It was nearly 80 O'Clock before the
Senate took up the Constitutional Conven-
ton bill, which was the special order for
1880 clock and ti2Sn Mr.. Flood had TO
oppose (; motion OF Senator Lyle TO take
up another local bill.
NJ. Walkers notion to make the pay
of delegates 81 PEI. diem, went over for
later discussion.
Mr. Eggleston spoke in favor OF his res
olution. which provides that Ion the di-
rection of the convention the proper
officers of the State shall hold an elec-
ton for the purpose of submitting to the
people the new Constitution. The Norfolk
convention had declared for submitting
the Constitution for ratification, and he
thought the party in the Legislature
should help carry out the pledge.
Judge Mann held that the authority of
the convention could be limited or un-
limited The Supreme Court OF Missouri
and Of Mississippi had held that a con-
stitution need not be submitted
In response to q. question from Mt,
Muntord, Mr.. Egslestoa sad tie resolution
was intended to allow the convention to
submit al the Constitution 10 popular
vote, or part Of it: TO submit il 10 all tbs
people or only TO such as We're Gualieu
TO vote under II
MIR. NUNFORD'S SPEECH.
Mr. Munford, in an earnest speech. de-
clared he had gone TO the Sofioik Coz
yention instructed to vote to have the
formulated Constitution submitted 70:
ratification; the convention had pledged
the party that the Constitution should
be voted on by the people. He declared
a death blow would be given constitution
reform if the people We're not allowed to
vote on the question of ratification
Mr.. Harvey moved as substitute for
Mr.. Eggieston's amendment that the
General Assembly next after the con-
ve,,rion should fix the time OF submitting
the Constitution.
AN AUTHORIZATIONS NAN.
Mr.. Morris declared he was not an orig
iral convention man: he declared that
with the exception of North Carolina, VIZ
| g!nia paid less taxes than did the people
| of other States. But whenever he has
argued against a new Constitution, OF
| the ground that it might not be as goot
as the old, he had always been met will
the declaration that the people were Il
/ nave the final say on it, and could reiec
or approve, as they chose. He reat
from yesterdays Times % show that lh'
Norfolk Convention had pledged the part,
70 submit the new ConSSf tuition