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

bears so high n price. 10 inc ijeaeIs, III
! is question of justice.--Dut many ner-
sons have an interest IN these institutions,
who arc neither stockholders nor dealers.
Every one who had a bill of those banks
in his pocket, was Interested In their safe
~. How can ties. be paid without pres
sing the dealers! Half of the paper
OF these banks is already drawn
in. They caunot draw in the balance,
without calling in their discounts--iliey
press the dealers, and suits, litigation,
and ruin, close the seene.-lf they Wee
criminals, arraigned AT the bar of this
House, it would I've a different case--But
these men are only imprudent.--For him.
self, he discained any sort OF personal
interest III their concerns. Y
Mr. Dotldridge wished ~ give the gem
tlen,an from iou6oun the information he
had sought; hesaid that the market of his
part of the country was to be found on the
banks ofthe NIississippi; thattlleir exports
were made in the spring to y. Orleans, az
other places down that river; and that the
traders generally returned in August;
that the 3lst August would be the period
when the banks could call in their paper,
and their dealers would be able to pay
them; that they would have the same
means of paving in August, as the inhab-
itants of I.oudoun had in May.-As TO
the other question, the establishment of
new banks he would say, if the House
wish for no new banks, they might stop
here: and as to these old ores, this very
law would destroy them in August. If
any new scheme should be offered, il will
succeed or it will not-lfit succeeds, then
| it must be such scheme as ma jorty of
| this house will approye--if it does not
succeed, this bill will of course, be the
| only measure of the sort adopted during
| this session.-.ic was pleased to see the
harmony which had prevailed among the
! members of the Committee, appointed on
the Governors Message-but it appear
| cd from the conversations of members
on that occasion, that the old banks, with
| all their advantages, could not perhaps
| pay specie before the LIST of July-And is
| the 3ist August too long a period to al
| low the unchartered banks
Mr.. Hay was perfectly convinced by
what he had heard-he hoped, that the
question would be first put on the longest
time-as he intended to vote for the la
test period.
Tile Speaker said, that il was the rule
to put the question on the longest
| time.
Some conversation passed between
| Messrs Hau,y and Doddridge as to the
| sitting of the courts m the western coun-
| try.
The proposition to fill the first blank
! with the "3lst," was carried without dI-
vision; the other with " August'-Ayes
l0l, Noes SO.
On the question, Shall the bill pass
Mr. Iazeueu rose to enquire what would
be the effect ~ not passing the bill! III
| other words, 10 what act of the banks
will the penalties of the former law at
tach =? Ifthey have only to wind up their
concerns, by calling in their debts, is
there any penalty attached to it? Does
not the law merely punish them for issu-
ing new paper onlyE-fiis recollection of
the law, he confessed, was not very dis
tinctbut ne well recolleeted the case OF
the old United States Bank-it was limit
ed by it's charter 10 twenty years-That
charter expired on the 4th March, 1871
they petitioned Congress to renew it
for two wears only, to collect their debts
Congress rcfused-but he knew that they
had sustained no embarrassment on this
account, in collecting their debts. Per
haps he was mistaken as TO this law
that other penalties light exist-that 9TH
er acts might be punished, of which he
was not aware.
Nh Mercer stated, i'll reply, that the
gentleman from Norfolk had fallen into a
mistake-and read the law TO prove, that
it was not merely issuing new paper, but
continuing to discount notes, &c-whcli,
under the law, would subject them to its
penalties.
Nh. 1T-c,ceH-I am perfectly satisfied,
sr-I will give the bill my cordial sup
lpOrt.
The bill was then passed without a di-
vision, and Mr.. Mercer instructed TO carry
it TO the Senate.
Several pet fions of a local or limited
description were presented during this
days sitting-which we shall hereafter
notice i'll their further stages.
Friday, Nor. Is.
The proceedings on this day are not very in
teresting-They consisted principally in the
reading and reference of petitions.
| An amendment was received from the Sen
ate to the resolution ofths House. fixing the
I'd day ofDecemher for electing Judge ofthe
General Court, LIST Circuit, to supply the va
cancy accustomed by the resignation of Judge
Daniei-Thc Senate changes the day to the 9th
| Northumberland in.
| The Auditors Annual Report was received
| He complains of the delay ofthe Commiss
oners of the Land-tay ia returning their lists, 81
proposes afine upon the deliuquents of one
dollar each day, till their lists are sent in
| &c.
Mr.. Heath presented the petition of Sophia
McCawn, praying divorce.
| Mr.. Wyatt-a petition from Charlotte coun
| ty praying that runaway slaves, instead of be.
ing confined in jails, may be hired out, sc.
| DIr. Heath--a petition from suidry iniiabit
ants ofCuipeper, Fauquier and Prince-W ill
1 III. (