Virginia Argus. [volume] (Richmond, Va.) 1796-1816, 1814-01-10
Virginla. Legislature.
HOUSE OF DELEGATES.


"A motion was made by MIR. Mercer, that
the following amendment be added at the
end of the said Report !; viz rhe report
appeared IN thursdays August
Whereas the present price of the Stock
of the Farmers Bank OF Virginia is 90 per
CEN above par; SO that, deducting therefrom
the approaching divided upon the SAID Stock,
which Is stated upon competent author
i.y to be sufficient to nett four per cent. TO
the proprietors on each share of that stock.
the actual value thereof will be, after the
said dividend shall have been paid thereon
not less than sixteen per C .nt. above par !;
and whereas the terms proposed to the Cen
eral Assembly by the committees acting in
behalf OF the Bank OF Virginia, would offer
Through the medium OF subscription Of new
stock, 5000 shares, of equal value to those
Of the Farmers Bank, To such TO. tunate adj
ventures as might chance first TO reach the
DO ks opened TO receive the said subscripti-
ons-Be it therefore Resolved, that the said
terms be accetled to only apon condition
that the said 5000 SHARES of additional stock
hall be sold, ut public sale. TO the highest
bidder therefor. Tor the benefit of the COM
onweal.h Provided, that such sale shall
not be made at less advance thereupon
than FIVE per cent; and that the subscrip-
ton therefor be opened. only, upon condition
that such sale may fail to take place, within
the month of January 1914. for want of pur-
chasers. fNt
And the House being engaged in considey-
ing the said proposed amendment ION no
clock.
THURSDAY, Jan. 6, 1914.
The order of the day on the ssate os the
commonwealth was on motion postponed na-
til to-morroS.
communication from the Senate by their
Clerk: ~
IN SENATE, January 5tl,. 1917.
The Senate have passed the bill, entitled
/" Aa act to alter tile times of holding the
superior courts of law for the counties oil
Kanawha, Mason and Cabell.n
On motion,
The report efthe committee to which was
referred the memorial of the Stockholders
Of the Bank of Virginia. was taken up; and
the amendment, propose d by MIR. Mercer
on yesterday, being again under considera.
zion;
On motion of Mr.. Watkins of Charlotte
Ordered, that the said report together
with the said amendment proposed there
TOY be re-commItted 10 the same commit
tee.
On motion of Mr.. Mercer,
Resolved, that the committee, to which the
memorial OF the Stockholders of the Bank Of
Virginia was referred, be instructed to limit
III any contract with the committee actins
IN behalf of that Bank, the deposits, in thai
Bank, OF the surplus money, at any time II
the treasury OF the commonwealth, to ons
half the amount of such surplus; so as e
leave 1t IN the power OF the commonwealth
70 m Ike deposit of the other moiety there
OF III the Farmers Bank of Virginia.
| Il memorial was presented and read, o
the stockholders of the Farmers Bank o
Virginia, pra, ing an increase of the capital
aud an extension ct the charter, OF the sale
Bank--and. on motion,
| Ordered, that the said memorial be re.
\ !erred to a select committee OF Messrs. Mer
Ger. Watkins Of Charlotte, Robertson Pres
tpn, Boyd. Coleman, Tyler, Mathews. Book
| err. Crockett, Barbour of CuIpeper, Gray
Bail and Garter; with leave to report b,
| Dill or otherwise.
| On Hotion Of Mr. Barbour of Orange,
| Resolved. that ways and means to pay tn,
quota of Virginia of the direct tax, Of tn,
United States, can be devised OH advantage
ons terms
| Ordered. that bill DO brought in confor
ipabiy with the SAID resolution and that Til,
| ommittee, to which so much Of the Cover
or's message, as relates to the assumption
| this commemorative quota of the direc
Ak imposed by congress on the United
tates. was referred. do prepare and brlng
the same; and that the said commit,e,
| ave leave TO sit during the session of thI,
| louise.
Mr. Fnweatt, from the committee TO whcl
l Wa secomu'itted the bill, providing for tn,