Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1824-02-28

Hirn'inS VI 'lcy commune 10 increase. kht
bank Is now authorized 90 issue paper Ia
three times th. amount of its capital but
having lost large polt ton Of les capital, il is
-ti'l permitted 10 issue the same amount Was
here, he asked, no danger of issues hey ond
tho ability ofthe bank 10 redeem? and all the
consequent evils Of deprecated currency?
Mr., Loya J. replied, that after the fullest and
most delihrra,e discussion of the hill, it had
passed this House by a large majority. On
that accession, the merits of the question were
fully developed, and the gentleman who Lad
just set dawn, had only tra,.,lsd over the
old ground. The question then for the House
WAS as Ia thu details Of the amendments sent
down from the Senate. That, he said, was IA
c0-ordoate branch OF the Legislature, and it
was due to the dignity of this House, and To
the respect 1t owed 10 the other, tn consider
the propositions made by them with drlibera
ton and candor, and not give them the go-by
in this way. &c.
Nr. Watkins Of G. was opposed to post
pOneinent,h hut he vas mot in favor Of the amend
ments ofthc Senate he Thought them extra
ordinary, and should propose To amend, SC.
Mr.. Graves called for the ayes and noes, on
the question of postponement.
>SMr. Blackburn was opposed 10 the bill, and
TO banks in every form-but he WAS sensible
ofwhat was due to the Senate. He would
vote against postponement, with the view Of
disagretng tn the northumberland if the bill
was tn b. lost or carried, let it be by the Sen
ate. He would not get rid of the subject Ia
this indirect way. He knew too well the res
pect due both 10 himself and tu that respect
able body.
MIR. Garland opposed postponement. He
considered il was question of the very great,
est Importance. II involved the credit Of the
paper Of the Farmers Bank For, il this
House were to postpone the bill, it would he
Immediately considered by the, holders of the
paper, TO be, because the bank was NOT solvent
and every dollar of il would he. brought in
the bank would be compelled to call in its
debts, and ruin would be visited on the head
of thousands. The decision of this question,
he said, WAS one of more importance than any
on which he had been called TO vote since he
first became member of that House. He
liked the bill in its original form better than
in the form in (which il came from the Senate
but he was prepared to fake the amend
ments Of the Senate, rather than encounter
AL the ruin0us consequences which must inev-
itably flow from arejection Of the bill.
The gentleman from New kent, MIR. Chris
tian) had said we should get rid of the state
banks and il we must have the benefits II
banks, the United States bank was competent
to every object. Was il come TO This, he ask
ed, that the state was about To surrender the
control she possessed over her circulating
medium, and place herself entirely in the pow
er of the T. States Bank ? He commended that
the preservation ofthe people from the distress
which threatened them WAS AN object dearrr
to him, than any considerations connected
with the interest Of stock holders, Sc &c.
Mr. Christian explained. He left gentle
men TO pursue their own course. But he be-
lieved the Senate would pass the original bill,
IT the House rejected their amendments-H
was not willing TO give them the opportunity
Of doing so.
Mr.. Randolph said il wns known 10 the peo-
pie before the meeting of the legislature that
this question would be agitated--and it had
been known To a large portion of the people
that the bin had passed. Since that time ma
ny gentlemen in The House had heard from
their constituents, and he had not understood
that any dissatisfaction had been expressrd.-
The House had already expended much time
and money IN debating and acting on the sub
lect and, il after all this, they left it still un-
decided, and liable 10 similar consumption
of time and money at the next session, their
constituents would have good cause to COM
plain OF them and probably would send more
ht persons another year.
Ihe'ouestion was then taken and decided
IN The negdiire, ayes CO, noes lit.
Alter some conversation as fO the order in
which the amendments should be taken u,,
twas decided To take them up in the order
IN which they were reported from the Senate
The first amendment proposed To- strike out
sir years and insert 5 years, as the time of
extension. Mr.. Newman moved TO disagree
to this amendnent-and 90 this question Mr..
Jones of York called for the ayes and noes
preiacIng his cali with a fssv remarks going To
show the Propriety ofpermitting the charters
OF the Farmers Bank and of the Bank Of Va
to expire at the same time. The amendment
was disagreed to-ayes lO2, noes 70.
MIR. Dromgoole moved To- amend the cd
amendment. by striking out $50 900, and in
serting 100000. He thought that il would be
more reasonable bonus, for yeas than
$4,000 The extension was exactly, he said,
the same thing as chartering new bank, and
u was hut reasonable TO require bonus.
MIR. Parker moved to disagree also 10 the
second amendment.
Mr.. Mallory opposed the idea of any bonus
whatever
MIR: Garland was in favor Of disagrering 10
the amendment, and Of leaving the bill pre-
cisely asst went from the II. of ID.
Mr.. Harvie of X. asked if any circumstance
had arisen to alter The determination Of the
House They had, by large majority, pass
ed the bill without bonus-and if they now
imposed one, il must be for some good reason.
Mr.. Blackburn said he always thought some
bonus ought TO he paid-and If he could not
get so, he would take $4,000
Mr.. Thompson Of +. had NO interest what.
ever in the hank, and regretted the course
which gentlemen had pursued He remon-
strated against the exactiun Of the proposed
bonus, which be considered extravagant and
unjust.
Mr.. Gordon said he bad voted for disagree
ING to The first amendment, brcanse the prin.