The enquirer. [volume] (Richmond, Va.) 1804-1815, 1814-01-18
Virginia Legislature.
EXTRACTS FROM THE JOURNALS.
HOUSE OF DELEG ATES,
Saiurday. Jan. s.

Or IN ton of MIR. Pegram, the SD rule Of this
House was suspended, Tor the pulSose OF receiving
memorial from sundry inhsbitsnt. oil the town OF
lie said memorial was, accordingly, received x
reat-s,tusg forth the aliseheis produced by the
recent efforts of few Individuals to monopoize ant
eneross ke neeessaries of life, since the passage OF
law OF Cor Gre IS CON mouy csedthe Embargo law
aud mrs, ing the General Assembly to pass law
prohibiting, during the Euibarso, all monopoiies OF
sat iron, steel, ssgar, Coffee tea, and other neces.
sarss and eonsenieEces oil life, under sucs penalties
ard restrictions shall appe ar just and reasoaa-
bic.
On motion of MIR. Jones Of Gloucester, the SD
rule OF this House was suspended, Tor the purpose
o reesving sIoemoriai of the people OF Gloucester
sounty-And the ssd memorial was received and
read representing that large British force IS now
in possession OF New Point Comfort; the shipping
Twin. close in shore that the enemy land in consi
uerebie force eSery day, aud have done aome MIS-
chief; that the two counties OF Gloucester aEd
niathr as are eXpesed, with the enemy at their
door that the force thereof not Sufficient to pro
tect them from ruin-praying, therefore, the inter
position OF the Legislature to arrest the orders,
now in the hsuds Of the Lieutenant Colonel Com
Yn2ndsut, of tue county OF GloucesterJ for the
n,areh 10 Norfolk, OF part ofthe militia of said
ccuuy.
Ordered, that leave be given, to bring in bill,
% prohhit IA certain csscs, negroes, slaves, and
otilef people Of colour, from vending IN any town
or corporation within this commonwealth, liquors,
provsions, sc" aud that Messrs. Se.uen, Prosser',
Pesrsm, Stansrd, Barton, MReynoids, Carter,
Christian and Graves do prepare ard bring in'the
same.
Mr. Mercer FROM the committee to which the
memorial OF the Stockholders OF the Farmers fisnk
oil Virginia was referred, presented the following
Report 80
The committee to whom referred the Me-
mcriai OF the Farmers Bank OF Virginia, praying
on certain conditions equal division OF the depo'
ats OF the money, any time in q treasury ei he
commonwealth after the FIRST day OF May, 1918,
between the Bank OF Virginia, ana the Fsrmers'
Bank OF Vrsiuis, beg leave to report 10 the House
of Delegates that the conditions first submitted to
them by the committee acting on behalf OF tue Far
msrs' Bank of Virginia, were,
is. An extension of the duration OF the Charter
f mat RSmk, from the hrst oil June lszI, until the
H.. of June IS42.
2dly. An immediate augmentation of the Capt.
ISL Stock of the bank, by an addition thereto OF hive
thup-ane shares of one hundred dollars each and
a farther augmentation thereof to take effect on
tn FIRST day of June 1887, by addition TO the
q ia ock, OF three thousand three h-ndred and
{ irty four shares
sly A loan 10 the Commonwealth OF a sum or
snr.s o! money not to exceed 10000 dollars, on
eart6catss OF stock TO be issued under the authori
~ Gle connonw eaith, to be transferable IN mAi.
ner p sscribed by law, and to bear an interest OK
sewn per centun per annum, payable semi annu-
sly-tbe payment os the principal sum thereof not
TO 'ts {, epnsnIed before the expiration OF fifteen
wears out TO be redeemabie at the pleasure OF the
commonwealth, in whole or ia part, at any time.
within hat period, provided, that three months no.
monvsesitn, ot the time OF such redemption, IN
scme one newspaper printed in the city of Rich
mo 4.
y. That, of the We thousand shares of Far.
m, ~ Rank sock 20 be immediately created, the
cornlnon wealth snail be entitled TO 1850 shares, to
be ~ for by the purchasers or subscribers, OF the
ret,,a ming 500 shsres IN cVenty nine semi-annual
in tsaesss 81 one doar ant twenty five cents each,
chs rst able ugon and payable out ot the semi-annu
Al a sidens,s scsruing U the subscribers, purcha
eers o. ko;degs, the said $50 shares OF new
sock Es- Un:ah sad additional stock, the said
pu eli aere OF sub Tiers, shalt further pay co the
= - n, rst, OF enc sunG I'D dsllars each share
of.s 81 sock, el-or L sgrc the 25th day OF A
pri n xt, and 10 the state, it such stock be saic,
SNetcer SUM above par, the said stock may be scld
r,r he fore the fsst Monday in March lSI4: proFi-
led tat should no sale thereof be effected, before
Tnat d. = BOOKS shalt then he opened Tor the SUBJ
seeiatoa of TIE Iaid stock, at PAR, IN the customary
mode
sla. That, rortpe extension Of the duration of
the charter of tAe Bank frou the first day OF June
1897. TO the LIST day of June 1S42, the common
w-sth shall be entitled to the further ADDITION OF
s9s4 sAares the whole amount OF tn SapItai requ
rel be -hen adegd TO the stock OF the Bans sucn
additional stock a, ne psid for by the holders OF
sssh part of the res=nt stock OF the said bank as
is not, now, the probecty OF the Commonwealth, M
s.x cen semi.sunusl attachments OF one doNar ana
twsnty five ee1ls each, chargesble on and payable
out OF tie dividesds on the part aforesaid OF the
present stock 81 the said BANK
g., The di aiends on the FIVE thousand shares OF
stock ~ be tnlneuiatey crealeuB 10 ueSB aiter
tSe lst Of July 1914 and, on In stock proposed TO
b. created OF the ist of June 1897 after the LIST Of
July olthatyes q,
The COMMITTEES acting in behalf of the Farmers
Bank of Virpiuia farther propesed to advance the
whole loan Of $50 600 dollars az the interest of SIX
per eertu snnum, pays0t sem annually pro-
vite, the Beft Of the whole deposits OF tn money
a any time IN the treasury of Che commonwealth,
after the Is, day ot sIay 1913, Until which period
Sach benefi - aow secured by lsV 10 the Bank of
" inia 4 stall be secured to that Bank
y c corn ynittee acting On behalf OF the Fsrmers'
Bank Of v rgiuis suggested, however, that nothing
but tho detcTminsticn Of the General Assembly to
eonGde the pubic money TO the Keeping of single
Bank, and the serious and alarming consequences
OF having such exclusive advantage secured TO the
Bank of Virginia, for the further period Of fifteen
years after the expiration Of the pHSsrnt charter Of
ths Bins, could induce them 10 propose to the COM
rnGLweaitu loan the terms aforesaid q that, &C
slted IN no ethrs. tiineu Than due regard to tn
intsres. of heir con tituens, and ESPECIALLY, by no
feeling Of hostility the Bahk Of Virginia they would
gr, ally p9eiec an equ2i vsoH Of the State deposit
between the two Banks.
htte tho ,ubr; e. and due eonsg Iteration Of these
fs M yoar com tDittee having beeh apprised that
~ t4rl wuu q be made to setjei this subject Of
~ s--4 ~ h..vecn ne two Hsnk3 by eompro-
Z, 80 tit mutual benefit OF those rival Institutions
sud o. the eognWo 18th, alike Interested in the
pro iy OF both, delayed a final det rmination
HtVeWpea untii suc1 oOmpromiss should have
urag "a isd Of Us object have been brought to
w as'ui terfonat ~. Duriis the period OF this
DE- a. the following notifications of the terms,
VI it had been proposed TO extend the Charter
CsIita. Stock Of tie Bank OF Virginia, we're first
. -. So s.