The enquirer. [volume] (Richmond, Va.) 1804-1815, 1814-01-08
Vrginia Legislature.
EXTRACTS From THE JOURNALS.
HOUSE OF DELEGATES,
Tuesday, Dec. %.

De deemed lawful ,neiossre tor preventing nice
ton Oh horned CATTLE end losses from drivers there
o. passing through the eomnonwes lh'---" con.
ceruiog James man of colour, ~" concerning
James ,eee man IF colour" ~ere seycraAy read
third time and passed.
Mr.. Thweatt, froSi the committee upon the SUBJ
jeet of tue assumption by this state OF its quota OF
the direct tax, imposed by Congsess upon the Uni
ted States, presented report, panied BY
dry documents whish report Sc documents were
received and read as follows
The Committee to whom was referred SO much Of
the Governor s message rs relates to the assurn p
ton OF this states quota Of the direct tax OF the u
nlted states, in compliance with the instructions
OF the House, directing them to inquire into the
ways and means OF paying the said quota if assn.
med-Rsport as follows:
That your committee. under the Resolution Of
the House of the 9TH inst. lost time, but conven.
ed at the earliest moment practicable and took
der Their consideration the several of the Con-
gress ofthe United States, the one entitled an act
for the and collection OF direct taxes and
internal duties. passed the 22d day Of July 1915
ind the other entitled &c an lay and collect
direct tax within the United States" passed on the
Cd day of August in the year; by the seventh
section OF which last recited il is declared that
each state may pay its quota into the treasury the
United Ststes and that deduction &c fifteen per
eensam should be allowed TO each state which
shoud pay its quota prior to the 10th day Of Februa
~ nexl, provided that each state Intending to pay,
should give notes OF such iatention to pay to tie
Secretsry o. the Treasury of the u. 5. one month
prior TO the day o. psyment." Your committee ur.
ged by other reasons, than those arising from
wing to this state, considered thu the states quota
CT the direct tax, ai,ec deicting the per ccalum
would amount 10 the nett OF S3l3 dos 6S vents,
and Tat the prom pit eSertions and isent en-.
suries should be had and made touching the ways
anil ID all other use, I'll inform alton connee
I d with the hnsnces ot the state, and the sssump-
ton OF the quota; to attain these Objects your
mite knew no better course to pursue than t.
instruct their to enquire, lst L loan
souii be elected from both or eitncr of the Banks,
and on what terms, for The purpose of paying tue
tt am ant of the quota. q, The state of the
funds OF the commonwealth, and Sd, In case loan
W authorised ey subscript ons from bodies corpor-
ate or indiviAuas whether sufficient fund could be
raised in time to meet the Layment of the ne a.
mount CT the quota. And the chairman was eharS-
ed TO obtain formation on these points formally
or informally and report accordingly to this com-
IN tse, ali other matters that he Should deem peril
nent. On the ist point hs reported two letters,
eacn dated on the 9Th inst one from the President
the Virginia Bank, and the other from the Cash
Ter of the Fsrmere' Bank, TO which your committee
beg leave to refer, tbs first marked A. and the 9TH
or marked Z.
On tae I'd point with respect to the state of the
fsnds of the Commonwealth, your committee refer
to the Treasurer's acccunt, marked G.
And silly, as TO the practicabity OF efecting a
loan the Shsirman reported 70 this committee, that
as far as his limited acquaintance and time wouia
permit, he had made diigent enquiry OF Brokers u
Carl ai.ts OF the City OF Richmond, Il from the
hest information he could Obtain he was of op MON
that the credit OF the state could be easily
effected by subscriptions from bodies Sorpsrate and
indivu fer tsree hundred to Eve hundred theus-
and dollars or more, at an interest of seven and
half per centum per snnum, payable qusr.er-snnu-
ally, irredeemsbe for IL Is years provided that
the loan should he raised by opening books Of sub
scription at the Offices of the Banks in the different
towns Of Virginia where they are established.
Your committee further state that the 18th
hlsl. they came to the resolution (m2rked D. and
the chairman reported letter in thereto Of
the same date from the Farmers Bank, and con
ferepss did take place according TO this letter Omar
ked E. whereupon the resolutions fmarsed +. |
we're adopeds sni in execution thereof, tie Char
reported letter (marked 6 rom tue Farm
ers' Bank of the 10th inst. by which il will be seen
ehat this Bank viii max advances 10 thecoufroh.
wealth to an amount not exceeding FIVE hundred
thousand dollars without interest npon The eohdi-
lions expressed in the said letter,
And also t6at in pursuance of the s luton Of
abe HlnSe OF ID iegitos of the 18th inst your CON
mite took under their eons.de' psley sud
prsct'cabity of aking sa e Of the sar held By
the commonwealth III the stock Of the Virginia
Bank snl he market price of that cock vii al,-
pear in a Y ok IRIS letter OF the 18Th inst maiket
II I Which letter IS enclosed in copy ofthe re-olu
tion, $50 marx III. and ii appeared to the salts
ia ton O. ,our committee that large amount of
sto k coming suddenly into the market would great
iy deprsss the sale & that on the event OF re
newal Of the charter Of this bank the value of its
stock would be considerably enhanced. The com.
Iniltee would rfeommena tie sale of this stock only
under circumstances of extreme necessity.
Your committee beg ies7e also to state, that On
the Gath inst. by two resoiutiuAs then adopted
(nias ked No. aRd No. u they instructed their
Shairman to ascertain il an accommodation Gould be
0bt incd with both either Of tie Banks on the
serTns, al 4rge set forth in the Chairman's letter Of
ths said 2E inst (marksd / and he way also in.
strue ed by NO. to procure all the information n
h 7 in relation to the practicabiEty of loan
by saJgt ption 20 raise the of aud he
fOrth reported letter (uarked r EtoB the
Pr s ent Of he Virginia Bank, containing an an
eyer e eterI AID also snswer to the Chair
man eiter q the 23rd inst which s incossd IN The
P,esd It's letter K. and he also reported q letter
I'm srk,d l. from the Cashier of the Farmers
u .ns, in answer TO The letter T. and that he had
extended ms ar1niries relative TO loan y subscrp-
tim, wi ich resulted in eonhrnos ion Of the state
Ia 1t h, had heretofore reported the subject
Tbni on the said 81 n inst your committee cane to
sEn OF er revolutions, (marked Eo and No. 4 y
b. numbsf9 their chairmau instructed to en-
qnrs Of the Aud or and Treasurer, whether there
he " outstanding unsaiis6ed oIams upon the
nonweslth, besides the debt to the Bunk of Vir.
r nj !, and tany, TO what amount, and when psya.
b =, and aso it there be any vncollected taxes be-
sides srresrages Of the land tax, or debts due to
Ihe commonwealth, and If any, to what amount, and
VII "a the ectiou or pay neut thereof may be ex.
Pected, and by No. ne instructed to enquire
o. the Executive into the pro able aiD Junt Of the
outstanding dissatisfied elziins On { common
wealth. growing out OF the late military Operations
OF the pggt and present years In answer to e res
o'udon No. your committee refer TO The Auditors
secoufs Cmarked " } and the Treasnre's letter
(marked NJ and in answer &c the resolution Of No
i. theJ rsfsr to his Ezseency letter marked D. J
EAJ
49, Pdak Of TUgiaio Dec Ssh, 1913.