Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1830-02-18

OF the accounts OF THE dealers tie dlsappfo.
we'd OF all this coucealmept and mystery and
he begged oi the gentleman from Heorieo 10
recoileoi, that according 10 the proposed a.
mendment, the Committee Of this House were
10 be sworn to keep secret the dealings OF indl-
yiduals.
MIR. Voolfolk spoke at length In favor OF
the amendment--be reprobaled the mystery
which the Banks threw around NIL their trans
actisns. Tie wished tn rend ihe vsil---he ish.
ed to ascertain the true condil,on OF the Banks
to zee. among other things how lar The Bank
had indulged It's pafiialites for u few fayofitrs.
lie did not blame the Bank fbr making large
loans 70 individuals il might bo their own in
terest which thy had IN view by making ihem
but wan !. not calculated 10 produce monop
oily Had uoi large accommodations bern
made tn individuals IN Richmond, for the pur
pose o. cPrrying on the tobacco trade
| Mr.. fiuks objected 10 that clause of the
anne ndmen,, which imposes sec,ecy upon the
| Committee He had 40 idea of having secrets
Ia free government. aud of preventing mem
brrs, WHEN they weni home from iellng their
constituents what they had discovered upon
the plea. thai they had taken the oath. aud dare
aot tell them what they knew
Mr. Voolfolk begged The gentleman from
Madison to ,eeolleet That his amendment conf
ned The oath Of secrecy only Ia the prirdte &C
| counts ot the dealers al the Bnnk.
| The question was then taken on Mr.. Fink $
amendment aud lost wilhon, DIVISION.
Aud on taking the question on the whole
proposition, IL was rJeoted--Ayes 10, Noes
| "
MIR. Garland OF Amherst proposed 10 strike
out the ID section OF the bill which establishes
| a Branch at DanyiIle Mr.. q. expressed his
opposition 10 the section lie said tha, Will,
he was sensible we couli not. as We were al
uHtrd, get clear of the Banks. yet he was op
posed 10 their muIi NEUTRALITY-SUSPICIOUS. IN
volvlug whole neig hboiboods In enib-rrass
ment aud rum. Besides he was moi infoi med
oil the somnefo,nl wants oil the rounlry. where
tins Bran h was 10 he established, and he had
no ,daa OF ioi cling II upon them.
| MI. Cabell rose "a present the commercial
| advantage which Danviilo presents III its con
neclion with the growing trade. aud Improve.
meni of the Roanoke. r,vef--and the waals al
the people ol this county Tor Banking capital
| He referred also 10 the oxeriions which haJ
been made by North Carolina IN placing Bank
ing capital Within her own border, IN the neigh
borhoad OF Danvllle---hnd the in Jury which
mighi be Indicted on Dnnville for the wan II
such capital. lie referred also 90 the working
, of the guld nincs in that section, which might
enable The Bank 10 convert H. paper INTO gold
dnst Mr. L. proposed by way oi substitute
Tor tho Cd seci,on the following lie II fur
Their enacted. That the said Bank shall have
the privilege oil cslnbl shing, and shall esfnb
lish in the course of the current year, M Office
Of Discoun, aud Deposit NJ Danville. upon the
same foulng IN all respects with those now
established nj Petersburg, Fredericksburg. and
! Lynr hburg PrOrlded. That Stockholders IN
s0ficient nunlbet, aud of prope' qualifications,
.hall he found ,idenl IN DanyIlle and the ad.
iacent country aud Pr0uided That the said
Bank may, IT, IN It's discretion II deems IL oHpr-
dienl, appoint seven persons only, Tor the pnr.
pose OF managing the SAID oIiice as Directors
thereto"
Mr. Scott asserted the advantages OF esiab
fishing branfh al Danye-in relation to the
whole Roanoke country.
This proposition was agreed to aud takes
place oil the I'd section Of the bill.
Mr. Atkinson of OF W. proposed the fol
loving section; " BE uG0thef enacted, That
il shnll DO lawful lol tue General Assembly 10
appont annually, joint committee, whose
Iigh and duty " shall be 10 examine tnio the
condition and transactions oi the Bank. aud re-
port their opinion therrupon On ihking this
ques II was rejected.
The question then came ON upon engroks,ng
he Bill-whtn Mr.. Anderson rose 10 shy,
that IN consequence oil dlvrrtiug the Bonus
from the Fund for Internal improvement. be
should feel himself obliged 10 vote against The
bill He WIS proceeding TO assign his reasons,
when on the suggestion Of Mr.. Mason. thai an
at.cmtd would he made to REVIEW the dee
sion of the House upon that question, M Al
dtrson said he "ould await The result oil such an
enqIify.
Mr. Brown Of II. then rose 10 present the
following amendment Strike out the 3D. sec
ton as amended Ibg Nj. Rivess amendment
and insert " That IN consideration OF the ex
tcn slon Of said Charter, there shall be paid 10
the Commonwealth, iof aud on account oil the
Fund for Internal lpprovrt on each sharS
Of the stock Of the SAID Bank. held Ivy other
stockholders, than the Commonwealth. - por
centunl, payable by semi-annpal reservations
Of cents out OF - semi annual DIVIDENDS on
each share belonging to sockhoders oihefS
than ihe Commonwealth. until the whole oithe
aforesaid sum Of - shall havs been PAID
Protid.d, thai the whole said five per cenlum
shall be paid within i've years after the day
of - next
IhIs motion gave rise 20 "A debate in which
Messrs. brown Of H., aud Williams of Hen
rico, supported the proposed amendment
aud 1lessrs. Bayly aud Riyes Of Z. George. OPP
posed il
Mr. Mason OF + proposed, with the assent
Of the mover, 10 slrihe out the words " for and
on account OF the Fund tot Internal Improve
meni.
Mr. Brown assented 10 the ohange--and went
oG 10 advocate hls propostIOn. lie declared
thai he could not vote for the bill ne charterlng
the Bank. unless the bonus went TO the fund for
Internal lmpi oyemept.
Mr. Mason remarked, that the effect of the
amendment would be TO give tho bonus TO The
Commonwea cath, 10 be SUBJECT TO the dispoSi
ton of the four successive Leglsl lures, aud
unless they gave IT d different destination.
IL would 20 10 the Fund for Internal Improve
ment.
The question then taken on the amend
| meni-and carrted-ayes 81, noes 81.
After an unavaiog attempt to adjourn The
| House.
Mr. Atkinson Of OF w moved to strike out
| the Sd section. thu. dispensing with the pay
ment of any bonus at all. He said, il the Bank
was 10 render any service at all 10 the State, he
Was satisfied II would be better able TO do II,
II ,T