Virginia Argus. [volume] (Richmond, Va.) 1796-1816, 1814-11-30
Virginia Legislature.
TakAsuaY orrIcr, I4sh Nov. 1914.

i s.
TREASURY OFFICE, I4th Nov. 1914.
SIR.
do myself the hotionr 20 transmit to
the Honorable the House oe Delegates. the
result of the enquiries made of the Presi-
dents of the Bank oe Virginia and Farmers
bank of Virginia, in conformity to their re.
solution OF the 10Th INST. Wick will be. found
in the separate letters of those gentlemen in
answer TO mine covering the resolution above
mentioned = Q q = : = -.
As neither of those answer seemed to m.
TO meet the object Of the resolution. / have > n
-deavored TO supply that defect AZ far as Il ia
in myspower. bys a recurrence IN the recent
book and files in this office.
Esrly in July the Tfs.sary was nearly
exh austed. and a, fh-, t-aso, GER, small
sums from any source OF. epue were ex-
pect-e--f ..ierefcTS, apple 10 the Baok of
Virginia to permit me to draw upon them
for such sums asthe exigencies of the gov
ernnent required assuring them and pled2.
ing myself. that the amount should be re-
paid. out of the first monies that should be
received at the Tres snrv IN -Ortoher Tn.
this manner took in ali warrant offered Al
the Treasury until the last If August. about
which time the Governor. ON the alarm of
an invasion by the enemy, called OUT a
large number of troops. and To- meet the
consequent expense, applied to both Banks.
TO lend one hundred and fifty thousand dol
lars each-The Bank of Virginia agreed TO
extend her advances To that ann and the
farmers Bank likewise agreed to advance
to that amount and were to take in the
warrants which should be endorsed by the
Sovernor and treasurer. This mode was
pursued. ana the holders of such warrants
apPled 20 the Banks mad received pays
ms s,
Inc paper marked NO. contains list
.. hne warrants pad by the Bank of Virgi,
ma, sheWing the amount, On what fund they
are drawn and when and to whom issued
ANA tnat marked No. a, Contains a similar
!ist OF the warrants paid BY the Farmers
Bank OF virginia
Inc balance stated to be vet due the
FARMERS BANK OF Virginia, Is upon warrants
issneo by the Audior, some of which, per-
maps 10 the amount OF between fifteen and
elsnteeh thousand dollars, have been volun-
tariiy paid ny that Bank TO the Individual
hoioefs' wrhin the last month, without the
nsuai endorsement
nave the honor tohe,
Very respectfully,
Your most obd't servr
PRESTON, treasurer.
The Hon. the Speaker
OF the House or Delegates.
lhe Letters from the Presidents of the
: sank OF Virginia, aud Farmers' Bank nj N,rr
ginia' were Also read as fellows
BANK OF VIRGINIA, llth Nov. 1914.
Your letter of to day, with the ac-
icompaDying resolution of the House of Dele
gates, has been received.
: IN information required cannot be given
with perfect precision, bat presume it will
De sufhcient SIMPLY TO state, that during the
latter part OF the saminer. aitho' the COM
monweaith had no funds IN Bank, we conti<
nued 10 take mp the checks OF the Treasur-
or, upon ms pledge OF reimbursement out of
the monies first paid on account of the re-
venue, until our advances amounted TO about
S 10000.
When the apprehension was felt of an in
vasion ny the eiee,y, the Back consented. in
consequence OF an application from the Go.
vernon, and assurances OF payment from the
treasurer. To extend these advances imme-
diateiy to 8 10000: Ihi' debt has been
gradually reduced since about the 10th of
octooer, oy deposits CT different persons to
the creon OF the treasurer. and within hive
Gays Fast, tpe wnoic paysp OH IN the same
way.
am, OFF,
win great respect,
Your most ooedient,
!OhN OBSERVATION-DISCLOSURES Pres't
FARMERS BANK OF VIRGINIA.,
SIR,
In compliance with the request con-
tanned in your note of this morning, I now
give you the information required by the res
anlnt,nr, <f, uorea &c Ilol1~>ao. e A.