Alexandria gazette, commercial and political. [volume] (Alexandria [Va.]) 1812-1817, 1816-02-28
VIRGINIA LEGISLATURE.
Housz OF DaIEc ATEs.

ment Of specie by The banks was
brought down from the senate, WITH
amendments.
Mr.. Barbour moved to postpsnel
lat till the stst March-he locked up
on this bill as fraught with ruin So|
the banks, and mischief 10 the agriY
cultural intcrest--he was tal1, ahai
since the bill had passed this house,
tobacco had fallen 4 or doils. 10 the
market.
Mr.. Marshall asked, If there
might not be ether eanses for This
variation j; for instances the fuetua
ton Of the foreign market. Might
liz NOT also arise from the aprrecia-
iion Of Eahk papeG3 And WAS not
this c& Of the very effects, which
had been predicted By the friends of
the bill I
Mr. Barbour replied. that he had
ienquired into the facts. asd bad
heard Of TO such variation in the TO
reign demand
Mr.. Marshall observed. t!at he
always preferred practice TO theory.
anu that he bad .jdst been Informed
by a gentleman TO his left, who
raised the article, tsiat its price had
fallen SO long IS il was supposed that
tie blank in the bill might he Giied
by an early day but. that, sinee
tic payment OF specie had been
postponed til the a5th Nov. the ar
tie.e had risen 10 its value.
Mr.. Barbour was also il favor OF
practice and BE therefore begged
leave TO state, that il bad been seye
raj days since it was well known
thatthe fifteenth Of November was
the d. fixed on in the b!.l.
Mr.. Mercer stated. rs iaforma-
ticn that he had received, that q
comDiitee Of .he two BANKS had
met upou the subject oFthis Dill and
that both banks had 6nally deter
mined to take no step 10 oppose its
passage-that one OF the directors
had inforned him. that this bill wss
deemed esscntial 10 the pfosperits
Of the banks as Tie test means ~
inducing their branches 10 prepare
for tie resumption Of sfecie pay
ments and as 10 the price of 60
baceo, lie had understood from the
same gen.!snlao.. Who was dealer
ia the article, TIA: within the las!
:fel might information had been re
'ceived Of the FL 81, 'EIne inl
England.
The molten 20 posipone the bill
was lost. ayes 9. noes AS And the
amendments oftbe senate we're con
cnrred in without opposition. Ihe
following is TIE CT as passed on TINS
a. 4 act. to preside mare etc'uul,y
for The Payment Of s7ecie By IheI
seueral Banks Of this Coaslal'
Wenlth.
4. BE it enacted by the general as
|se,ab!y. That il ut any s'n'e after
the ftteenth day of November Dext.
any Bank within this Commonwealth
shall fail Of Cefass 20 pay III spere
lany note. biz or cheek Justly due
|! from such bank, when the same sksss]
lie presented for payment within TIE
usual hours for doing has mess ct
such hank. the person or PERSONS
body or bodies polite or corporate
injured by such failure shall, enc
may obtain judgement ant. eXesu
|lion for the amount OF such Soie'
bin or check, with 6 per centum
oevaprum ard interest thereon, i>'om
The time OF such failure or refusal,
land costs, ca motion iii AIRY court
Of record. having Jurisdiction there
of, upcn ten days a@iee Of such no
lion, TO be served in wiring upon
the cashier. chief clerk. president,
any director. or manager Of such
bank, being a, the time 81 sac:' ser,
vice. w;thin the county or corpora
|tion, sithiu which such bank is es-
|tabIished.
2. And be 1T further enacted,
THAT if any note or bill OF any
Bank within this Commonwealth.
made payable by such Bank at the
office of discount and deposit OF one