Virginia Argus. [volume] (Richmond, Va.) 1796-1816, 1814-01-06

" III 10 tiS nao tdkCl-SuO lC Sttt dS
prompt a decision as possible was. wished,
as the 10th of January was near at hand,
by WHICH time the u. States must be in.
formed whether the state meant to assume
or not. Another set of gentlemen, declared
there was time enough, as it was understood
a motion had been made in Congress by a
member from this stale (Mr. Eppes) to al.
low one month more to the States who were
disposed to assume. a motion 20 print the
report-and one or two motions TO adjourn,
were re .jected.
MI. Ssanard offered the following addi-
ton to the report, which was adopted:
" 1t was proposed by your committee to
the committee representing the stockholders
to add to the foregoing stipuiations and con
ditions. that the state should have the priv
lege of m akihg sale of the $500, 600 OF new
stock proposed To be offered for subscrip-
tian by the Cd stipulation aforesaid, and to
reserve to the state. the privilege of divid
ing the deposits of the unemployed public
money between the said Bank and the Far
mers' Bank after the LIST of May 1913 /; but
these propositions were disagreed to by the
said stockholders"
Mr.. Mercer commended il was best for the
state to sell the 5000 shares-ihstead OF
their being subscribed for. And, therefore
submitted the following amendment.
Whereasthe present price OF the stock
of the Farmers Bank. of Virginia is 20 per
cent above par. SO that deducting therefrom
the approaching dividend up n the sand
stock, which Is stated upon Competent au-
thority to be sufficient to nett four per cent
to the proprietors on each share of thar
stock, the actual value thereof will be, aft
ter the said dividend shall have been paid
thereon, not less than sixteen per cent. a
bove par ; and whereas, The terms proposed
to the General Assembly b. the Committee
acting III behalf OF the Bank OF Virginia,
would oher, through the medium of a ub4
scription of new stock. 5000 shares of equal
vaiae to those of tn Farmers Bank, to such
fortunate adventures as nigh. chance first
10 reach theb books opened to receive the said
subscriptions.-Be it therefore resclved,
thai the said terms be acceded to only upon
condition that Ines said 5000 shares of addi-
.ional stock shall be sold at public sale, to
the highest bidder therefor, for the benefit
Of slie Commonwealth-Provided, that such
sale shall not be made at a less advance
hereupon than hive ger e Il. and that the
/ subscription therefor be opened only upon
month Of January, 1914, for want Of purcha-
sers."
No question was taken on it, wllea the
House adjourned
We may now, then, Congratulate the
good people of this state on the fair and al
mas certain prospect which exists, Of our
having the ability. as we have undoubtedly
the strongest dish zion, to advance to the
u. s. our quota of the Direct Tax.-Enq.
Extract Of a letter from a pripafe Of Cabt. Ora.
HAMS COMPANY (J'om VyMe) in serrfce at
Norfolk, dated Dec. 81, 1913.
yesterday a schooner from Baltimore bound
to this place, run aground near the Pleasure
House, 200 yards from shore. AS soon as the
British discovered it, they came with tao small
barges, which Capts. Graham's and shetton's
companies drova eff They then sent another
barge with two pieces of cannon, Which they
fired rom 9 o'clock N the morning., until 2 o.
clock in the evening, which compelled them
to retreat behind sand. banks with their small
arms, Their Is pound Sails oyershot consi-
derably, but their canister and grape shot
came very near without injuring a man. A
captain who was driven ashore some time since
and had a load Of -four and butter or a part OF
it on the beach, informed Capt. Koonts tina, he
looked with a spy glass and saw 10 or IL OF the
British fall, which were put into a small barge
and taken to the a."