Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1816-11-16

Uisc0unts 10 the amount OF forty thousand
dolls. or upwards. But that they re-consid-
cred the subject 3 reversed their order, 8.
came to determination to make no
farther loans, and had commenced
a curtail III order to comply with
the law. He admitted that an
injunction had been granted, principally.
as believed, from an apprehension that
the Banks would continue TO discount and
disobcy the law-And that tie principal
object of the bill, as he understood it was
TO restrain discounts and dissolve the
partnership.
Mr.. Dodiridge said, that he had been
applied TO as Counsel for the Directors in
that injunction-and supposed that on
that occasion he had made himself ac-.
quainted with all the facts; and if so, the
statements made by the member from
Harrison were strictly correct.
The proposed amendment was then a.
greed to.
Mr.. Mercer nextmoved to add the Lees
burg Union Company" stating, that no
banking company was perhaps better en-
titled TO indulgcnce--thatth eircurtaiimen,
constituted a moiety of the debt due to
them-and that They were going ON, TO
the last moment he had heard from them.
He knew, that new bank had been "a
gtated there-but he wished the two to
stand on different grounds disclaln-
ed any sort of connection with either OF
these institutions. He had originally
wished to discourage their establishment;
confessed that they were imprudently es-
tablished: but stated that they had now
entangled i'll their destinies, the wealth,
comfort and independence of that coun-
(which might suffer materially, if the
Legislature compelled the banks to des-
cend with rapidity--that if very heavy
curtailments were made, or if all their
debts were called in at once, the pressure
upon their customers must be distress
ing-Wfat would be the effect of winding
up at once, two banks i'm one county,
which had loaned out 9, 8, or 4OO, 900 dol
lars! He was the last circumference "a
ny violation of the law; but he did sin
cerely believe, they were attempting bona
tide TO wind up their concerns. All that
they asked, was short time to getin their
debts. Grain was the great staple ofthat
country: and till the present crop could
be got 10 market, the people could moi
meet all the demands of the banks. The
amendment was agreed TO.
Mr.. Bukcy moved to add "The Yves
tern Bank of Virginia He understood,
they were aboutto wind up their business
knows little of banking, and has receiv-
ed no instructions upon this subject-but
hopes for the same indulgence to be Civ
en- to this bank as 10 others
agreed to.
Mr.. Dod,idge moved to addthe Charles
town Manufacturing and Exporting Com
pany"-They were winding up, & meant
to place their funds in an institution in a
neighbouring state; in Ohio.-Amend-
ment agreed to.
Mr.. Hminmoved to add the" Ohio Com
pany"-He could say from his own know
ledge, they were settling up their business
finally.-Mr. Doddridge too knew, that
they were winding up and transferring
| their funds also to Clairsvillc, state of O.
hio.-Amendment agreed to.
MI. Mercer said, that as he understood
the Senate would perhaps rise after this
week, he hoped the bill to suspend the
penalties OF the law after the 18th of thi,
month, would be engrossed, as amended
| TO be read third time-Ag,eed to.
| Mr.. Robertson delivered message from
| the Senate, stating that they had passed
| the bill for suspendiug the operation oil
the law to provide more effectually for the
payment of specie, Se.-This bill ha.
! therefore become law, and is as fol
lows:
l AN ACI
To suspend tire operation OF an act, "e,,titics
:" An Act to prouide more efectualty 70,
the payment Of specie By the sererat Bank,
| of this Commonwealth"
! Be it enacted by the Genera, assembly of Vir
| ginia, That the operation of the Act, entitled
| An Act ito provide more effectually, for the
| payment of specie by the several banks of TIL.
Commonwealth, be, and the same is hereb,
suspended, uutil the 18th day of December
next.
! This Act shall commence, and be in fore.
from the time of the passing thereof.
| Mr.. Coiston presented petition from
sundry inhabitants of Berkeley and Hamp
shire, praying the creation of new coun
| ty out ofparts of those counties.-Refe,.
1 red
mr.. Atkinson moved resolution to pro
| coed on ID December, to the election OF
| judge of the general court for the 2nd
| circuit, to supply the vacancy occasiOned
by the resignation of Judge Semple.
/! greed To.
| A petition was presented by Mr.. Iaye-
aceH, from VIM. COwper, of the Isle OF
Wight, praying tue Legislature TO change
the surname of his son to Parker-Josiah
Parker having begueathed to him all his
property on this express condition--to
| which condition, there is no limitation as
to time--Rfored.
! A petition was presented by Mr.. Cham
beriayne, from Siindry inhabitants of Hen.
rico, city of Richmond, Hanover, and
Louisa, praying for turnpike road from
| Owens Tavern, lat the North end of the
| Brook turnpike)to Ground Squirrel Bridge