The times. [volume] (Richmond, Va.) 1890-1903, 1902-02-20

| TO BE APPOINT. 4 I. ED {.
BY The GOV. Vernon +
Move to Elect Commissioners BY
the People Defeated.
MINIMUM SALARY INCREASED RI.
This is Fixed a. $4,000 instead OF $4,000
legislature OF 1898 May Change the
Method OF sel.c.ion-change
as to Boads.
MINIMUM SALARY INCREASED
as to Boads.

: Inc muCn-dlSCuSSed section LlIee VI lilo
article OF corporations. after more than
three hours additional debate Oh whether
the commissioners should be appointed
by the Governor or elected by the people.
was decided yesterday in favor OF ap-
polntment by the Governor by a good
ma jority.
Two amendments only were adopted and
both were sanctioned by Chairman BraS-
ton. One of these was to Increase the
minimum salary of commissioners from
IS 900 to $4,000; the other to curtail the
terms of the commissioners by providing
that the Legislature of 1908 should have
the right to provide for their election by
the people.
After completing section three Chair
nan Braxton brought in a most impor-
ant amendment 10 section eighteen, rela.
ing to the formation of corporations. his
amendment was adopted. and as amendeu
the section, which has to do with every
public and private corporation III the
State, will read:
Section lS-"General laws regulating
and controlling the issue of stocks ana
bonds by corporations shall be enacted
nv the General Assembly. whenever
stock or bonds are TO be issued by a
corporation, it shall, before issuing such
stock or bonds, file with the State cor
poration Commission statement Ver-
flied by the oath of the president or sec
ratarv OF the corporation and In such
form as may be prescribed or permitted
BY said comnlission). setting forth tully
and accurately the basis or hnanclal
plan upon which such stock or bonds are
to be issued; aud where such BASIS OF
plan consists or is founded III whole or
in part OF services or property tother
than money! received or to be received
by the company, such statement shah &C
curatcly specify and describe Yin the
manner prescribed or permitted by SAID
commissionl such services and property,
together with the valuation at which the
same are received or to DC received by
the company, and subject 70 any other
requirements or restrictions which Eaay
be imposed by the General Assembly
Then follows the authority to the Cen
eral Assembly to provide adequate pen
alties for the violation OF the section.
&c, as contained in the original section.
The convention declined with thanks
the invitation of the House of Delegates
to share the occupancy of their chamber.
and will continue to hold its sessions in
the hall OF the Mechanics Institute. The
report OF the Committee on Corporations
will be completed in Committee OF the
Whole to-day.
THE DAY IN DETAIL.
The convention was called to order by
President Goode in the nall Of the Me-
chanIcs' Institute. at the corner of Broad
and Eleventh Streets, at noon. KEY.
DR.. James Nelson, president Of the
N'oman's College of Richmond, opened
the session with prayer, seVensy-lour
members being present.
Several motions were made which could
not be heard One by Senator keezeli,
who stood towering over in the left cor
ner. was entirely overwhelmed by the
roar.
Mr.. Blair. arising near tho president,
was heard to move that serseant-at-
Arms Watkins be authorized to purchase
mecapfones for the use of members.
President Goode announced that mem
bers must recognize the fact that talk.
ing and whispering must be discontinued
or the work Of the convention could not
proceed. There was intense silence for
moment. and taking advantage of it, Mr..
O'Flahcrty moved that the convention
get another hall. The motion was not
voted on. as but few heard it.
A motion by Judge G. X. Anderson to
appoint a committee of three. composed
Of Messrs. Brown. O'Flaherty and
James W. Gordon, to confer as to a re-
arrangement of seats. was appointed, to
report to- day
They are to confer with the managers
IT the building as to removing every
alternate row Of chairs, beginning with
The front row.
ON THE CORpORATION REPORT.
The convention went into Committee
e the Whole to resume consideration
uf the report on corporations.
Section 8, providing for the appoint
,.tent of three members Of the Corpora
ticn Commission by the Governor, was
toll ,pntfon mazda hv Mr.
Mitl,ers to elect them by the people was
pending, and Mr.. Meredith concluded
the speech begun Tuesday, in opposition
TIC the amendment. He said since the
icld-over Senate had been abolished. the
chance for providing for the election of
the commissioners by the people was
greatly enhanced.
Judge Ingram spoke strongly in favor
j, the appointment by the Governor and
said the committee recomm6nde@ y N
III interest Of conservatism and efficiency
without thought of the personal equa-
ton entering into the question.
Mr.. Bouldn earnestly advocated election
by the people, saying it would be i'm
possible to have inefficient men, if II
was left to them.
Mr.. Ayers favored the amendment, in
s:sting that the Office OF commissioner
ould be found the most important in
tl1S SldLc, anu IL "dS iulSpSASdDlS SAAcas
ii should be filled by the people.
Mr.. Barbour opposed the amendment,
claiming that while he had voted to elect
judges by the people, the Office of com
missioner was a new and untried one.
and he thought the committee had shown
great wisdom in providing for its selec-
ton for season bv the Governor.
Mr.. Keezell recognized the fact that
unless some power appointed the COM
u1issioners at first it would be lmpos-
sible to get advantage of the new ordi-
nance until after the expiration OF two
wears at least. He would prefer an
amendment providing for the appoint
nent of three commissioners by the Gov
ernor. whose terms should expire on jan
uary 1, 1905. the people electins their sue
cessors at the general eiectlon OF i'9a'
POWER BE TOO GsFAT
Mr. Lindsay Gordon, in advocating the
election by the people, said he had the
greatest respect for the present SOW rho
and did all in his power to make nm
one. but that was a different question.
uo would not be willing to place in tn
hands of any one man the enorm' =, S
power or responsibility which the app'i't-