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

nent was then egof,eed. And MIR. DrUmgoole
offered further amendment, which proposed
To give different direction to the bonus re-
CURED OF the bank. He was friend of the
University, and would 90 hand in hand With
its friends 10 put it into operation But ac-
cording Ia the act incorporating the fund for
internal Improvement, all bonuses from banks,
&c &c Mere appropriated to that fund-and
he therefore considered il proper that the
bonus proposed tO be required Of the bank
| should 20 into that fund.
| MIR. Loyal called the attention of the House
10 the ground which had induced them in the
first Instance Ia pass the bill without !. bonus
Ii was acknowledged that the stockholders
were IN too crippled condition To paw bonus
They had met with losses, and were gradually
recovering from them, and FOR this pnrpose a
few more years had been allowed them
Mr.. Blackburn said he had opposed the
passage of the Till on the ground of the
| crippled consideration of the bank, AS well as
other grounds. He did not think it solvent
enough 10 he entitled Ia the favor asked for il.
IT there was mn objection to II ON principle.-
But he thought the remark of MIR. IovalI
cut both ways.
Mr.. Watkins Of G.. said he should vote as ainst
the Senate's amendment.
| MIR. DromgooIe said he had on a former
occasion concluded that the hank had lost Of
Its original capital one third land he presumed
that in 1897 il would commence its new opera
tons with part, but motifs whole capital. and
he still insisted on the ii;opiieiJ 80 Yayi.i. a
boa,is.
Alter some conversation among Mcssrs
Thompson Off, Rutherford and Armistead,
| MIR. DrOmgnolr's proposition was ueediiped.
MIR. Rutherford then proposrt an amend
nen going to change the proposition from
the Senate s;,>ss tn require bonus of 20. 900
be paid TO the fund Tor internal improve
mrnt, instead Of S $4,000 tn the University.
Mr.. Mason Of Southampton, attempted by
reference Ia calculations heretofore made Inv
tho friends Of the bill, tn show that of the ca.
ptal now held by the individual stockholders,
deducting losses sustained. and on which il
was proposed ~ impose this hnnus would he
about S 00,000-and con'-ndrd that the
proposed bonus of $4,000 was not stuff
Gent tax for the privilege Of banking fur six
years. He WAS either for no bonus, or for
one adequate for the purposes of tar
The question was then taken, and the House
rejected Mr.. ltuiherfnrd's amendment, and
disagreed To the second amendment proposed
by the Senate.
The third amendment provided for meet
ing OF the Stockholders, 10 decide on the pro-
prety of rejecting or accepting the provisions
OF the bill, and dsqualifying proxies from vot-
ing at such meeting unless the same be APP
pointed after S1st March next
Mr.. Loyal moved Ia disagree fu this a
mendmrnt-; and after some remarks from
N1essrs. Dromgoole, Mason of SOUTHAMPTON,
| and Har,ie orr. as to its effects,
MIR. Mason Of Southampton, proposed 10 a
mend the amendment. SO as to refer the ac-
cepiance or Hon-acceptance of the act tn The
next general meeting Of the stockholders, in
stead of a called meeting. BY such an amend
Want h.., L., A. -
for the future consideration nf the Lrgisla
ture, who will then he prepared Ia act with
knowledge of the views of the stockholders
thus 10 he obtained, and the instructions OF
the people.
MIR. Loyal remarked that tile hill had
grows out of memorial from the siorktnld
| ers, convened in as great nun,hrrs as could bc
expected to- assemble on any future occasion
and that the amendment would defeat the
| object Of their memorial.
! Mr.. Christian said that the memorial had
he a?prehrnded, been voted for by proxies
that had been long time appointed and Is In
were not appraised Of the wishes az the Stuck
holders on that particular question, Sc.
| MIR liar,ie of II. thought il remarkable
that gentlemen who had been SO much oppo-
| sed to the bill should be now so tender and
careful OF the interests Of the stockhoiders.-
He had every reason TO believe that ALI the
stockholders were appraised that the question
of renewal would br made, and that their
proxies were not only prepared but were To
be safely trusted with the interests of those
appointing them.
| Nlr. Mason said that whatever might be
thought Ofthe competency or propiiefy ofihr
proxies acting on the subject, it seemed that
the Senate had NOT thought so. For his own
| part he did not think SO, and coifendrd il was
proper TO put the subject into such form as
Ia enable the legislature TO ascertain the voice
Ofthe people, which ought TO. be heard IN so
important question.
| Mr.. Mason's amendment waa then rejected.
and the House disagreed 10 the other and Ia Il
amendment of the Senate And Mr. Low
all was designated to announce to hat body the
disagreement on the part ofthe House of Dele
gates, ia the whole of their amendments, and
TO announce the passage Of several bills.
The following engrOssed bills were severally
read third TIME and passed I, auihorisng
the President and Directors Of the Smokers
| Gap Turnpike company. 10 alter their road !;
Q, concerning Christopher Anthony (which
was amended by way of rider ON motion of
Mr.. M'Allister y 3, 10 amend The setsru! ia,os
concerning The Penite'ii1ry institution &; 4, tn
amend the several laws concerning Pilots.
and appointing Board Of Commissioners.
The following Communication was receiy-
ed and laid upon the table:
CoUNcIL CHAMBER,
9Th February, 1924.
SIR-I have the honor 10 lay before The
General Assembly, the copy Of letter from
John A. Grimball. Secretary Of State of th,
State Of Mississippi, accompanied by pre-
amhle and certain resostions adopted by the
House Of Representatives Of the State, apprn-
hating the policy Of the President Of the u.