Constitutional Whig. [volume] (Richmond, Va.) 1824-1832, 1824-03-02

10 was dChuo"icuSeut nat the StOChnolucrS were
IN too crippled Coalition to pay bonus
They had met with losses, and were gradually
recovering from them, and for this purpose a
few more years had been allowed them.
| MIR. Blackburn said he had opposed the pas
sage of the bill on the ground of the crippled
condition of the bank, as well as other
grounds. He did not think it solvent enough to
be entitled to the favor asked for it, if there was
no objection to il on principle. But he thought
the remark OF Mr.. Loyal cut both ways.
| Nlr. Watkins otG. said he should vote against
the Senatc's amendment.
MIR. Dromgoolc said he had on former &C.
casion concluded that the bank had lost of its
orlSina! capital one thrd-and he presumed
,liat In 1897 1t would commence its new opera
tons with part, but not It's whole capital, and
ne still insisted on the propriety OF paying
bonus.
-, After some conversation among Mcssrs.
Thompson OF F., Rutherford and Armstead,
'ur. Droingoolc's proposition was negotired.
.ur. Rutherford then proposed an amendment
gong to change the proposition from the Senate,
SO as to require bonus of 10000 to be paid
to the fund ior internal Improvement, instead of
| 3 $4,000 for the University.
.ur. Mason oi Southampton, attempted by re-
ference 10 calculations heretofore made by the
friends OF the bill, to show that the capital
now hel by the individual stockholders, deduc
ting losses sustained, and on which it was pro-
posed t. impose this bonus, would be about g.
l3oo,O0)-and contcnded that the proposed boz
nus OF $4,000 was not 4 sufficient tax for the
p1vHe &c ofbanaing for six years. He was eli
ther Tor no bonus, or for one adequate for the
purposes of tar.
The question was then taken and the House
rejected .Nr. Rutherfori's amendment, and
G'Sagrecd to the second amendment proposed
by the Senate.
The third amendment provided for meeting
Oh the' stockholders, to decide OH the propriety
OF rejecting or accepting the provisions OF the
bill, and disqushfy proxies from voting Al such
meeting unless the same be appointed after Sis
| .harch next.
Jtr. Loyal moved to disagree to this amend
mcnt; and after some remarks from .A1cssrs.
Dromgoole, .Wason of Southampton, and Haryie
of r. as to its effects,
Mr.. Mason of Southampton, proposed to a.
mend the amendment, so as to refer the accep
lance or non acceptance ofthe act to the next
general meeting of the stockholders, instead Of
called meeting. BY such an amendment, he
proposed to leave the subject open for the future
consideration OF the Legislature, who viii then
be prepared to act with knowledge OF the views
of the stockholders thus to be obtained. and the
| instructions of the people.
Mr. Loyal remarked that the bill had grown
out OF memorial from the stockholders con-
Vened IN rs great numbers as could be 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
apprcAended, been voted for by proxies that had
been long time appointed, and who were not
| apprscd OF The wishes of the Stockholders on
| that particular question, &c.
1T,. ID
gentlemen who had been SO much opposed to
the bill should be now SO tender and careful of
the interests 6f the stockholders. had every
reason to believe that all the stockholders were
apprlsed that the question of renewal would be
made, and that their proxies were not only pre-
pared, but were to be safely trusted with the
interests OF those appointing them.
Mr.. Mason said that whatever might be
thought OF the competency Or propriety of the
proxies acting on the subject, it seemed that
the Senate had not thought so. For his own
part he did not think so, and contended it was
| proper to put the subject into such form as to
enable the legislature to ascertain the voice of
the people, which Dug Int to be heard on so impor
tant question.
| Mr. hlason's amendment was then rejected,
and the House disagreed to the other and last
amendment ofthe Senate. And Mr.. Loyal was
| designated to announce to that body the disa-
greelnent on the part of the House of Delegates,
to the whole of their amendments, and to an
nouncc the passage ofseveral bills.
The following engrossed bills were severalIy
read third time and passed: 1, authorising the
President and Directors of the Smokers Gap
Turnpike company, to alter their road Q, con-
corning Christopher Anthony (which was amcn-
ded by way of rider on motion of Mr.. NPAlhs-
ter;) 8, to amend The several ta,cs concerning The
fe'a,tent'ary institution; 4, to amend the several
laws concerning Pilots, and appointing Board
of Commissioners.
The following Communication was received
and laid on the table;
COUNCIL CHAMBER,
eth February 1924.
SIR have the honor to lay before the Gen
cral Assembly, the copy of a letter from John
A. Grimball, Secretary of State of the State OF
Mississippi. accompanicd hy q nroamhIe nnd