Alexandria daily gazette, commercial & political. [volume] (Alexandria [Va.]) 1808-1812, 1812-01-30
RICHMOND, January ~.
NEW BANKS.
House OF DELEGATES OF VIRcIN1A,

ga Sqtarduu, January IS, 1872.
tn. 4th Resolution proposed by the Select
|I|pnmittee to which were committed the
IN. for establishing banks at the towns oil
Winchester, Lynchburg and Norfolk, and to
<b;cb were referred the petitions from the
babS,aots of the several towns of Richmond,
Ia Portsmouth, and the yicinities thereof,
In banks to be established therein," was en-
notion, taken up, and read a second time -
xhe said Resolution as reported from the
'<pmrittee was as follows:
S g Resolved, That in exercising the power
which, as stockholier, the comnonw ealth
uill Sc entitled, Respecting the direction OF
|ach Of tue said banks, there shall be annually
|Gected, by joint 5allot of Doth houses Of the
EEcaeral Assembly, so many directors of each
ID the interest of the safe in the stock Of each
Iksnk Shall bear to the whole amount of the
loci thereof; provided, that in no case shall
&c commonwealth be entitled to elect fewer
Nan three directors OF Iuch banks respective
-
On motions, seyeralE, by Mr. Mercer, the
sprds 'joiat ballot Of both houses ofthe &C.
Nrsl .dS$enbL5" and tie word, "three," were
tcken out of the SAIL resolution, so as to
bve two blanks therein:
A further motion was made by Mr.. Mercer
M till the last blank with the word s'fve :"
vhich, on tho questionput thereupon, was a.
Weed to by the House.
4 motion was then made by Mr. Leigh,
tq Dinwiddie) 70 strike out the whole of the
n*d resolution as amend ed, for the purpose OF
aVptlns the following substitute, viz.
s<f' Resolved, That thd State shall have the
&ne influence, in proportion to its interest,
the said new bank, and the same right of
unny and control bf its operations, as the
H'e now has and exercises over the present
PIX OF Virginia; ami that the Presidents,
Pectors, and all othsr officers OF the said
Bank shall be apgojnted,-and the affairs
8 -, :, same, and of Its branches, be governed,
I'm, I'm manner as those Of the present Bank
IS Virginia"
Ana the question being patton the said mo-
" strike out, WAS decided in the affirina-
.-Ayes 88-Noas "a.
INV mt sad substitute, being twice read, was
@t House. - - = =
,lE{ ~ iar'ner molten was made by Mr leigh
|E4 uinwlddie,) that the Hbusc cas,is are
s fOSing resolution:
RESOLVED, That he braaot.ss q .ae sa.s
H oank shall be established as ti.e stoek
| De sold, in the iollowisr o,.l.sf 49,, 5.
49, shares Shall te sois.,. fhs
49, " shall be established $500
~ -, shares more 81 All be &ai+
SO soonas CHI. 800.
y \ the branch at 49, s,,t
ned lastly, when The rcs;sfe 81 =,
on"!i De SOLD, the bank shaII coaanaeac,
IN a1ohS' ID the way Of discount, depo
n accommodation, at Richmond bu
81 >. NV oank Shall commence its opera
81 h. nlenmohd, without delay, so far a;
4 4hches. NJ ''io o's'uhZ's.'oii u III
h. s said resolution, being twice read, was
House. rN' ''e' pom asisSu 70 ..
I'm "'0'i0n OF Ar. Lee (of Norfolk bo
sE n ss.sd' that leave be granted to withdraw
cs,lh,v On OF sundry Inhabitants OF Norfolk
P6lt ,mn laying that a bank be established a
IVY That Dill be brought in, conor