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

..,.,.nc, b.d tns Commonwealth extended 10
hi. institution They had presented her win
on. al her maps besides tract Of forfeited
land IN the ,nmed ate neighbourhood ot the
! rolle,e. of .ei, little vaihe. Not n dollar
has brea paid out Of the Treasury for her
beaeft. lie did not mean 60 disparass The
claims !. ( The Ne.lrrn country and lie was
/ ire TO shy, thai the moment the Literary
+ Fund Wn, IN - situation 10 dispense lis bfnehi
: a. the afnrr pans o the state, he would inasi
,h.e,fnfy eAfend lhsu. among the Gfst ~ tie
Western paris Of the state
M. Minor supported the bill with much
esrncsinrss.
/ some further debate rnfued 10 which Messfs
. Williams OF Harrison, aud Fitzgerald took pari
when Mr.. Williams OF a. oGe,ed n ryder
10 the bill. Bui before IL was read. the order
i Of the day whs called up-when Mr. Mason oil
:. sssed hihry would not decide upon the bill
10y laying over tor u short time, the oldef Of the
day.
The chnir stated il had been his iinpe mus
! duly to call up aihc order OF the day al l. )
bur the House might dispose OF It as Tie House
thought pfGper
MI Goo1o remarked, that if the genlene n
| from The WeI would agaoc among thrm.
selves upon some sciie for tue establishment Of
College. aud come prepared 10 make such
y proposition lie would most cheerfully yUie
for M appropriation.
Mr. Scott also declared that he would not
with greater pleasure, vote for the apptoprla.
ton 10 the College Of Ilampden sydney. tban
fora Literary Institution in the Western paIt
Of the STATE. He declared himself ,ven wi.
ling 10 vote the sum Of $500 900 10 u Western
Uni.etsity--and he made the DECLARATION with
ihe most perlei sincerity ofhis wishes TO ap
| La III
West
Hire The discussion on the bill WINS snspen
drd=-an1 the House - execution OF the orders
oftne day, resolved it'clf into Committee Of
The Whole Mr. Miller IN tue Chair.
The Bank bill was again called up when
Mr.. Bryce, with the consru, of the committee,
Withdrew his amendment offered on Friday,
nnh submitted the following, (Which being mo.
dlhed IN Mr.. Nason's ruge StInn) read ~ FOL
lows -" In all meetings al the stockholders.
such pcIsoH Or persons ~ han 10 gppotuted
from line 10 time. by Or under any law which
shall bu rnacied for the purpose, sliu upon every
ques'i ion other than The appointment of Direc..
Tor, have n sUie or VOTES, equd 10 Que thnd
ot all the votes gwen IN the meciiug upon such
QUESTION The appointment OF Directors shall
remnin rs heretofore.
Mr. kiyes Of L. thrn proposed to " it'll irnw
his amendment, which was done, With lie con
sent OF ihr COMMITTEE.
Nj Bryre declared that il was wuh no sin
isier view he had brought forward hIs amend.
mcnt, ba hr l.hrd TO defeat the nmrn 'nleni
Of Mr. Rivrs, and as he had Withdraw Ii ms pro
position hr shoull, with the ! ave of the CON
mutec, With draw hIs-wth the Understanding,
thai il Mr.. Rives renewed hi, proposition. In
would renew his owe.
Mr. ilves then renewed hi ameudmrnf AID
snpporte II NJ some leneth long 10 cur
sion enspfd IN winch NJ, ssrs Bryce, Williams
% lienrluo aud liarvir, supported Air l. yec'e
amendment, and McsTs Rive, aud Minor op
poeed IT. On taking thu question. the amend
ment WAS cdrried-Ayrs 81, Noes 30.
The question then REQUIRED npon the
mrndment ms amended. aud carried without
opposition
The 7h section was then read ns follow.
! " BE II further enacted, Taai tha bills or nnies
of ihr Bank OF virginia, originally made pa,
| abe, or which shall have become payable, on
demand. in gold or silver coin shall be receiv,
able in all payments TO the State of Virginia
bn, the right Is hereby reserved 10 thu l.eglsla.
lure, 10 provide bv law thai no such bill on
note shall b. receivable in any such payment
10 The State Prordei, That no law passed
/ for that obi"c shall take effect IN shorter
|
aclment
MIR. GDode proposed m amendment. by adj
ding after the words " 9mtc OF .rgin,a," the
| following II the SAID Bank SHAH NJ ant
| ilmF iaii or reinse TO redeem its notes, IN gud
o. silver coin, its issues shall lac no logger ru
ceivahle ms a'oreSaid aud the right IL also
hereby reserved 10 the lrglslatuIe, II nay
time, 10 provide by law that she bills ornotr,
oi thc said d nk. shall not ne receivable IN pay
meul 10 the SmIe
Nh. q. explained the Obj ct of hIs amend
mrni aud stated. that as the chatter nov siood
the Stnte was security fur all the notes whIef
The Bank might thyow into crrulatlon. 10 iht
amount oi $40 0u0 dollars il 1t pleased top II
so much into circulalIor. Al present. "A Tad
only ,ouo,noo III circulation, ior whlrl lh,
State was Substantially huunj--A Aud var r..
peoted thai the State should pay whether In,
II ties We're paid in specie ar moi
This amendment was accented hy ia,
House.
Mr Goode then Offered as It new section ill.,
following :--"B, II enacted, That nothing 4
this act contai0cd shall be so construed as l.
require the deposllc IN the Bank OF Virginia, o
any portion OF the public mo0ics bi that Iror
ana after The expiration OF the term for "hlt
ITS charter was extended by the at entiile
=" An art for extending the charter u he Ban
of Virginia. and for other purpos pas.e
January oath, 1914. il may and shall he iawf,
Tor the Treasurer 10 make debDsu,g IA raj
Bank or not, as the public interest ma, seei
To him TO require subject only 10 the cont,
and directions of the Legislature
( MIR. Mason OF +. roposed TO amend III
clause by substituting the following " No d,
pos'ies OF The money Of the Colnmonw en- II
shall be made IN said Bank, at any time ant
said Bank sha II cease to nay Specie Tor i
noies"
MIR. Mason explained the difference beiwc e.
The two proposIrinns-that Mr. & lode's left
discretion 10 Inc IIeasurerto max" 5 lch d spo
sites al any lime-"hereAs his amendment pr,
hibhs he Treasurer from making such dep,
sites swheneverithe Bank shall suspend speci
payments. tie went into the history of III
regulations for making deposiies OF the publ
monies in the Banks.
MIR. Goode conteuded that the Commonwealt
ought no, 70 be bound 10 make deposi es OF il
money IN the Bank that she ought 10 be NO,