Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1816-11-28
RICHMOND, NOVEMBER rs, 1916.
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VIRGINIA LEGISLAIURE.
HOUSE OF DELEGATES,
INssdau. Nor. %.


This day the HOUSE were engaged for four
hours in discussing thc Report of the Commit
tee of Privileges and Elections. For q few mi
nutes only were they IN Committee OF the
Whole to take up the Suspension Bill but
M Messrs. DoiIrdge, Hav. and Tazeweli re-
presenting that the members were not prepar-
ell on that subject, aud tIat il was desirable 10
settle the contested election, the Committee
rose, and the House took up the Report of the
Committee ON the petition of George Savage
c)ntestng the election OF William Il. Cham
hertlyne, a returned member from the coun-
tyof IIenrico.
The House nearly wentthrough the Report,
in the Course of which, thew decided that a
High Sheriff had right 10 vote on his own
freehold, in i case where there was no equality
OF votes, besides giving the casting vote as
Sheriff, in case OF such equality--also, that the
House would not receive deed, as an evil
dence OF good vote, when such deedhad not
been exhibited before the Commissioners an
pointed to Judge of the Election, Sc None al
the votes on the poll of VIM. Is. Chamberayue
were touched; but, four were struck from the
list of G. Savage. As by the Report of the
Committee, Savage was returned BY maiori-
" ofthree, Chamberayne has now majority
Of one, and keeps his seat-rhere was ONLY
enc vote on Savage's poll, which the House had
not decided on when they roseif this vote
he stricken from the list, Chamberlavne
viii have a majority oft'cO; otherwise, of one
only.
adjourned, about afterI o'clock.
"Wednesday, November %.
The House resolved itself into Com
mittce of the Whole on the Suspension
BW-Mr. Baker in the Chair.
Mr. Mercer rose merely to correct some
mis-statements, into which the Select
Committee, as well as himself in his
former speech, had been betrayed, by the
imperfect disclosures of the banks them
Selves. These errors we need not notice
now, as we did not bring them into our
short sketch of Mr.. MERGERS speech on
Monday-with one exception only, the a
mount of curtailments which the banks
had actually made, since last winter On
this point, Mr.. nj. now said, that he stat
ed this too low, because he had computed
that amount as the difference between the
discounted notes, which their statements
oflast winter and those which they had
iateiy exhibited had shown to exist-No
other inference could be drawn from the
documents before the House-But it now
turned out, that a large amount of the
debts due to the banks, arising from new
operations, had been contracted. Cnthe
Isl of January, the bank held large
share of public stock, of foreign notes,
and of balances due bv other banks,
principally those Of Baltimore and the
District of Columbla--to reduce this d.
mount, and convert them into their own
paper, the banks had loaned them out to
individuals, whose notes they had taken,
and these notes they had bound them
selves TO take up with the paper of tile
banks, or with specie, according 10 the
rates ofinterest, aud the times ofDayment.
al which these notes were TO BE- paid. !
1T was in this way the sum of ouistan-
ding notes had been swelled ont appa
rently; thus, in fact, in the Farmers
Bank, since the firstof last January the
Banks had reduced their outstanding
debt 33 per cent-and since October
1919, to 80 per cent---tbOugh il would
seem, from the face of the documents.
that the curtailment was not more than
10 or l2.-Nlr. Nj. commended, that though
tins statement showed much business.
as having been done by the Banks. under
the operation ofthe Law, yet it also pro-
we'd that as muchinjury had not been done
to the mercantile resources of the conn
try, as had been supposed lie said.
tiiat the Banks had acted wisely in thus
converting the foreign notes they held.
INTO specie, or their own nOtes.-Mr NJ.
made some further explanations, dcpen-
ding on numerical statements.
MIR. JazeweU said, that the gentleman
from Loudoun (Nlr Mercer) had read
paper which he meant 10 propose 10 the
Committee, as an amendment 10 the Sub
stliuie before the House.-He would en-
qulrc, ifhe proposed TO bring it forward,
or ifnot would it be in order for himself
70. refer to paper not before the Com
mittee
AftersOmefurtherr remarks from Messrs.
Mercer, Biackbprp and TaseweH, Mr.. NJ
said he was nOtwiliing TO refuse the gen
tenan from Norfolk, any favor he could
ask, and he therefore offered an amend
ment, (which being ameudcd at the instance
ofAir. Marshall, reads as follows:
Whereas, the Congress Of the United
States have, by a Resolution, adopted
the day of 1916, fixed on the
2Oth day Of February, 1917, as the period
beyond which the taxes, and other public
dues to the Government shall be receiva-
Die Gully in Treasury Notes or Specie
BE it therefore enacted, That the Act en-
titled an Act
which passed the day
Of 1916, TIE op ration OF which has
been suspended until ihe day OF
next, by an Act of the present ession Of
the General Assemble be and the same
Is hereby further snSpehded until the
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