Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1816-02-24
FIRGIysIa LEGISLATURE.
HOUSE OF DELEGATES.

YESTERDAY, the bill to provide more
eifectualiy for the payment of specie bv
the Banks was brought down from the Sc
nate, with amendments
Mr.. Barbour moved to postpone it till
the 31st of March--he looked upon this
bill as fraught with ruin to the Banks, and
mischief to the agricultural nterest-he
was told, that since the bill had passed
tn 3 House, tobacco had fallen or S dolls.
in the market.
Mr.. MarshaN asked, if there might not
be other causes for this variation for in
stance, the fuctuation of the foreign mar
ket. Might it not also arse from the ap-
probation of Bank paper? And was not
this one of the very effects, which had
been predicted by the friends of the bill /?
Nh. Harbour replied, that he had en-
qu red into the facts. and had heard of no
su' h variation in the foreign demand.
mr.. DlGrShdH observed, that he always
preferred Practice 10 theory, and that he
had just been informed by gentleman to
his left, who raised the article, that its
price had fallen so long as il was suppo-
sed that the blank in the bill might be i'll
led by AN .rly day but, that, since the
payment of specie h d been postponed till
the 15th of November, the article had ri
sen in it's value.
MI. Barbonr was also in favor of hrac-
Hce-sRd he therefore begged leave to
state, that it had been Severak DAYS since
it was well known that the fifteenth
OF November was the day fixed on in the
bill.
Mr. Mercer stated, as information that
he had received, that committee Of the
two Banks had met upon the subject of
IN ND fhuf kns -
determined to take no step to oppose IL,
passage-that one of the Directors had in
formed him, that this bill was deemed es-
sential to the prosperity Of the Banks, as
the best means of inducing their branches
to prepare for the resumption Of specie
payments and as TO the price of toDac-
CO, he had understood from the same gen
tleman, who was d dealer in the arsicle,
that within the lest fortnight information
had been received Of the tall of its value in
England.
The motion to postpone the bill was lost,
ayes 9, noes lis. Aud the amendments
of the Senate were concurred in without
opposition. The following is the Act as pas
sed on this subject:
Az Acr, 10 broUide more egccfuaRy G,r tie bav
nrs'H NJ sbecie By Tie sete,M hunks qf his Con
n, nsHsgeGih.
Beu eRGcied By tIe Cgnerai qsssn.bly, That
Il At any time after tir 9TH day nj November next
any Bank within this Commonwealth snail fail OF
refuse to pay 10 spsce any nie, bill or check lusti,
/ due from such Bank, when the same shall be prs
seuted Tor payncat within the usual hours fov dont
business at such Bank, the person or persons, bod,
or bottles polite or corporate iiIured by such lilgr
| shall, and may obtain Judgment and execution Co
| the aniosnt OF sucn note, bill or check. with pei
ccntum per annum and interest thereon, from tn,
time OF spchlaiiure refusal, and costs. on moto.
W. apy Court OF record, having jurisdiction thereof
upon Ten days notice OF snch mo'iyl, 70 be sersa
~ writing upon the cashier chief clerk, presiieat
| any director, OF manager Of such Bunk being q
the time ct sueh sefyec, 7itfin the clunfy or cor
poratiou, within whish such Bank il established
| 2. md Dc u further enacted, 1uat If any not
or biii Ct any Bank within this Commonwealth
| made PAYABLE ~ srch Bank AZ the office OF III,
count and deposit Of one oil hrsnehes. be prescott
| 90 at snch office for payment within the usua
hours Tor dong business at such Office, or IL an
/ aiioes for mOacy justly due from suca branch b.