he works for an equal amount of the bonds of
the State 7
Mr. CLARKE. In the case of the Baltimore
and Ohio Railroad, it would provide directly
for the exchange of one bond for the other.
But of course it would be impossible in the
case of the Chesapeake and Ohio Canal to ex-
change one bond for the other of equal amount.
But if a million of dollars is paid for the
interest in that work, then that amount is to
be paid, not in money, but in bonds of the
State. Of course a party, in making a hid
for the canal or for any other stock, would be
governed in.fixing the amount of that bid by
the market value of the bonds of the State,
which he must give in return. It is to get
rid of the difficulty of having the interest of
the State in these works disposed of for money,
which would go into the treasury and lie
there, while the bonds of the State are out.
This is to secure the retirement of the public
debt to the extent for the State's interest in
those public works that may he sold. In
other words, when you dispose of the public
works you wipe out so much of the existing
indebtedness of the State, and prevent the
application of the proceeds of lhe sale of the
public works to any future public debt which
the State may create, until she has discharged
all her existing indebtedness. I think if a
provision of this sort is adopted you will be
able, at a time peculiarly fortunate, to wipe
out the State indebtedness in a way to pro-
tect the credit of the State and all the inter-
ests involved.
Mr. PUGH. I am opposed to the instruc-
tions proposed by the gentleman from Prince
George's (Mr. Clarke,) for the reason that 1
am opposed to giving this committee any
instructions whatever, If I had had any idea
that this whole subject would have been
opened up again, I should have opposed this
committee.
Mr. CLARKE. I will withdraw my amend-
ment.
The question recurred upon agreeing to the
motion of Mr NEGLEY—
"That the thirty-ninth section of the report
of the committee on the legislative department,
together with all the proposed amendments
thereto, be referred to a select committee of
nine, with instructions to report on or before
12 o'clock noon on Friday next."
The PRESIDENT. The chair will state that
according to parliamentary practice the com-
mitting a section of a report commits the
whole report.
Mr. NEGLEY. But in this case the commit-
tee would feel themselves bound to consider
only the thirty-ninth section.
Mr. MILLER called for the yeas and nays on
this question, and they were ordered.
The question being taken by yeas and nays,
it resulted—yeas 31, nays 24—as follows :
Yeas—Messrs. Goldsborough, President ;
Audoun, Belt, Berry, of Prince George's, |
Blackiston, Brown, Chambers, Clarke, Earle,
Edelen, Galloway, Harwood, Uollyday,
Hopper, Horsey, Jones, of Somerset, Kennard,
King, Lansdale, Lee, Marbury, lleComasi
Mitchell, Miller, Negley, Parker, Parran, Pe-
ter, Pugh, gtockbridge, Todd—31.
A"<iya—Messrs. Abbott, Annan, Baker,
Cunningham, Gushing, Dellinger, Ecker, Far-
row, Greene, Hebb, Hopkins, Murkey, Mulli-
kin, Murray, Nyman, Purnell, Robinette,
Sands, Schley, Smilh, of Carroll, Sneary,
Stirling, SwopCJ Wooden—24.
The motion was accordingly agreed to.
The PBESIDEST announced the following
members as the said select committee:
Messis. Kegley, Stirling, Audoun, Schley,
Pugh, Clarke, Parran, Purnell, Jones, of
Somerset.
On motion of Mr. AUDOCS,
The convention then adjourned.
SIXTIETH DAY.
THPRSDAY, July 28, 1864.
The Convention met at 10 o'clock, A. M.
Prayer by the Rev. Mr, Patterson.
The roll was called, and the following mem-
bers answered to their names :
Messrs. Goldsborough, President; Abbott,
Annart, Audoun, Baker, Barron, B^lt, Berry
of Prince George's, Blackiston, Bond, Bris-
coe, Carter, Chambers, Clarke, Crawtord,
Cuningham, Cusbing, Dail, Davis, ofCharles,
Dellinaer, Davall, Barle, Bcker, Edelen, Far-
row, Galloway, Harwood, Hatch, Hebb, Hol-
lyday, Hopkins, Hopper, Jones, of Cecil,
Keefer, Kennard, King, Lonsdale, Larsh, Lee,
Marbury, Markey, McComas, Mitchell, Miller,
Morgan, Mnilikin, Murray, Negley, Nyman,
Parker, Parran, Pugh, Puriiell, Ridgely,
Robinette, Ragsell, Sands, Schley, Smith, of
Carroll, Sneary, Stirling, Stockbridge, Swope,
S.ykes, Thomas, Todd, Yalliant, Wizard,
Wilmer, Wooden—TO.
The proceedings of yesterday were read and
approved.
In accordance with the order adopted on
yesterday, the President appointed Mr. John
McGarigle, as Assistant Secretary.
Mr. MABKKY asked and obtained leave of
absence for a few days.
On motion of Mr. BBBBY, of Prince George's,
It was ordered to be entered on the journal,
that if Mr. Berry, of Prince George's, had
been in his seat when the final vote was taken
upon the adoption of the bill of rights, he
would have voted in the negative; and that
if present, he would also have voted against
the adoption of section 40, of the report on
the legislative department, and against the
resolution of Mr. Gushing, passed July 9th,
the .order of Mr. Schley, passed July 19th,
and the preamble and resolutions of Mr. Stir-
ling, passed July 20th, 1864. |
