Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1830-02-15

fruni their debts, and their efforts we're beco'
ming effective. This was evident, by Tue ldc'
that lh- tax on law process had diminished
nearly one hall in the last Two years, as Inc
Auditors reports exhibited. Now. said MIR.
Miller. If YOU compel the Virginia Bank To cur
tail, the other Banks must do the same The PEG
pie will feel the pressure, and will be unable Ia
continue their eIeTtions 10 rsli.ye themselves
from their debts.
Mr.. Booker declared as the information lac
had received, that if the Bank oil Virginia
should reduce its business. the other lnstitu
lions in his Slate would extend tneT opera
tons.
Mr. Haryie asked when il WAS known that il
one Bank curisiled their discounts. tue other
Bapks in the same place were not obliged ia
follow the example.
Mr.. Thompson spoke with great hnmi,on in fa-
yor ofthe motion He said, il was unwise Tor the
House To turn prophets, and say what would
be expedient To do III the year 1884 TO say
that il would be wise, when the present Char
iers were about expire, TO renew those
Charters that IN the mean time new light might
break in upon the subject, and enable the Le
pjslaInrc 10 determine FOR the best-fie conien.
led, That there was time enough yet 10 decide
,,,sether they should renew the charter that il
the chm. Ter was renewed now, the act was il
,eye,sihle, aud that il w8s best 10 sin on the
safe side to pos, none the DECISION and leave
10 their SUCCESSORS. 10 determine whaf was the
best-and that they ought mol 10 be such knight
erranls as to go Into futurty.
Mr.. Mason called for the yeas and noes
Mr. Finks was IN favor OF the mOtion-H"
preferred laying this question over, IN order 10
nave an opportunity Of consulting the washes
of the People-tha il the charter was to rnn
oul to. morrow, he believed he should vote for
ii--bni there was plenty Of time to act upon
hereaiier--but VIII oever had the honor 10 come
here nexl winter would come clothed with lie
wishes Of the People.
Mr. Brown Of II. said he had voted with Mr.
Gllmer against taking up this subject at all
because he wished the Session brought TO a
close-but now The aspect of the suhjrct WAS
materially changed-they had gone tor some
time into the same subject-lhey had gone
more than half way into it-and now IL we
should determine not 10 act upon IL, II would be
telling The public and the Bank, that the Char
ter was not 10 be renewed and the consequent
ces, which had been anticipated, might lake
place. 1 ~ his own part, he would prefer to re-
new the Charter and let il run III al the same
time with the Farmers Bank tina, then we
might determine whether we should doaway the
Bank System altogether, or modify II on other
principles though really he would not under
take 10 say, that situated as we are we could
NOW do with III Baoks.--He hoped the House
would 60 on with the bii putting ,,slde all the
amendment, which might appear theoretical
and no obviously essential 10 the bet.
tel organization OF the Bank
The motion WAS, lost, by Ayes and Noes as
follows Yeas, 50. nays, ll5.
The ques ion then required on the adoption
of the first amendment
MIR. Scott declared, that he would moi vote
for any augmentation OF the Fund for Inlernal
Improvement
MIR. Anderson declared this anne ndmeni was a
violation of the faith Of the State-ihat il would
sound the knell Of Internal improvements
that if The Fund for l1ternal lmprovemt n,s
waB thus To be- parallzod, the people would looL
10 another government for al l-dnd that he
considered your high-sound.ng declarations a
bou, State Rights, would not he worth pinch
OF snuff He declared, that though he wa
friend to re-charterng the Banks. he could
mol think OF voting for 1t with such provision
IN the bill.
NJ. Moore also declared that he could no
think of voting for he bill If il diverted the
Bonus from the Fund for Internal Improve.
mrnt--that the money mig ht do sumo good il
cousecrated to that purpo ,e-bnt that if it were
:
rial Districts, it would do no good but serve on
" as the apple OF DisCord in tue different Dis
tric Shat he would much rather give ii to he
Schools for the Education OF ePoor, than give
II the destination proposed
MIR Brvcr denied that the faith of the State
was pledged 10 give this bonus to the Fund for
Internal imprnveInent-Hee xpataed upon the
benefit Of establishing the Academies proposed,
aud denied there would he ANY discofd or
| difficulty in disposing Of TIE money in this man
ner nat 4 jNyity of the Delegates in each
| District would agree among themselves as to
the fixing of the scne-ile controverled the
! argument Of Mr. Anderson about STATE Rights,
! &c.
After some further remarks from Mr.. Moore
| Nr. Williams of Harrison asked ofthe gentle
man hon, Goochaud (Mr. Bryce whether his
proposition would not produce II mos decided
equality in the s'ae--Was he prepared to
give As mach ofthis money to the District of
Albemarle, where the University was located
or TO the District where William and, Mary col
iegr was situated
Mr. Mason of Fedarick-I wish to make a
single remark on the amendment of the gentle
man from Goochland, TO shew TO this house aud
TO the country he effect it will have.
TIE bonus derived from the Banks, is the
only source Of rerenue belonging to the
permanent fund for Internal Improvement. II
was pledged 10 the increase OF that fund by the
law creating il.
The Literary Fund, by the last annual re-
turns has now capital OF 8 ,i9l HOB 10.
IL engrosses now, every source of revenue,
save the taxes, which are imposed for SUM orl
OF Government. 10 it belong, all fines for.
FIXTURES, penalties aud amercements of every
And, with all escheats, &c
From these various sources. its increase oil
capital for the past, year, was SlO,O23. 2y-
aud ot Necessity this increasemunt must ca CHI
year be enlarged.
Excess of revenue Of this fund for the pas,
year, heyoud its animal expenditure was
Sl2,643 50. The amendment then provides
that the single source OF revenue belonging 10
the fund for Internal improvement, shall be
taken from IT, and given to the Literary fund,
which the pas year has increased $50, 900
and more, by fixed revenue with Sl2,643 o