Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1830-03-09

held at their Banking house, IN The Gin of
on Friday, the 2I's Of May nexf, for the aforesaid
purpose will be seen In the above recitcd Act,
tue Charter Of the said Bank has beer extended for
the term Of ninc and twelfth years. rom the end
OF the existing Chsrer. which will expire on the LIST OF
May 1888, aud tia. for such extension, the General
Assembly exact Bonus Of three dollars on each share
held by others than the Commonwealth payable bv
the sum Of S5I. 800. charge able
on F,i02 shares thu, held. The Sockho ders are in
some cases, inhibited from selecting the own prox;.
TO represent them in all meetings Of their o. body;
and a. such meetiss.. the Treasurer Of the Common
w~a' h il rmpow. red TO give on. -tlr Of the vo,, q
that may be given for the Internal regulations &C the
Bank while that officers power in tho eli. c,ion Of D
rector, remains her eto.oc Th- Treasurer Ia. al
so authority, by and with the advice Of the Executive
at any time, 10 withhold the depo.e Of the moiety Of
the public mon es from the Bank. Some unusual re-
r'cuon. are also imposed on the Bank that may tend
10 diminish its profits c0nsderably-The mder signed
regret that the beraty and the interest OF the Com
monwsalth, did not dictate less conditions upon
The individual Stockholders. who have already contrib
uted 20 largely TO ill the Golfers OF the Safe. They
s more regret, that the Legislature, in rs abundan,
caution should deem proper under the idea of keen
iny me public revenue secure, to csst an unms
,mp"tation on the credit OF the Bank-a procee ting
Wat could not have been expected, when the Com
nonwealth has an Interest in the Institution Of more
than Tour times the amount il any one time hold
IN the Noes OF the Bank or deposit therein Thi,
proceeding appears the unsccoun,a able 10 the un.
dersgned, from the fact, that the General Assemble
was In possession Of fall and fair exhibit of the IN. an,
the Bank had To meet its eme nts, from which il
was apparent, mat alter applying the specie and
dsposable funds, would only he ncce.ssry for the
Bank to call in about onef0urfh Of its Outstanding
ebt Ian aisount always available In short time to
discharge every cent It owed account of the Note.
W. crcuia'itn ami deposit money. The Bank of Vir-
gnia was the last institution South Of Boston 10
pend specie payments. during the War; and was among
the hst to resume them Although il, like other Banks
made many bad debts during the commercial embar.
rassms n's OF the country il has maintained its credit
considerably reduced the amount Of bad debts and
made respectable dividends, considering the heavy
q ma Inunn aeh 4 hx ..s.Ios
viiua Stockholders may have had cause 10 COMPLAIN
h"t the Commonwealth has certainly re aped an abun-
dant harvest Yet, the Legislature has thought rro-
per Itcr TO oppres the Stockholdr. in the extend
ed Charter, by cxactng excessive bonus. for tn.
limited period alloweG- ma. greatly increased IN.
power OF the Commonw in the inte rior manage
'nrn OF The Bank-it has restricted the Bank In H.
ordinary operations, probably dive ON il ma
nv OF its best cntomer.; and has cast SUSPICION or
the credit OF the Establishment, that might tend bu
'or ts ample resources TO impair the value of Iarp,
portion Of the Circulating me lium of the State-Un
der these circumst IL will be for the Stockhold
holders TO determine, whether they will accept the
tended Charter trust 10 future Legislature for NOR,
reasonable terms. or proceed gradually TO close tn,
concerns OF the Corroraiion.-With this view OF ih
SUBJECT, tie undersigned beg leave suggest TO IN,
Stockholders the necessity of full me citing: and i'm mr.
der that those who shall not be enabled to attend II
person may have their Stock represented, they sub
Join tie form Of power Of Attorney for the arp int
mint OF Proxies. JOHN BROCKENBROUGH,
DAN'L CALL
THO RUTHERFORD,
JOHN ALLAN.
VIM ii. MCFARLAND.
Know all men by these presents, that ----
OF --- do hereby appoint --- substi
tute or proxy 10 represent - at sreciai inc et
ing OF The Stockholders OF the Bank Virginia IN h.
heid on Friday the 2lst day of May next in the CITY
OF Richmond, for the purpose OF considering and
ing on the acceptance rejection of extended Char
ter OF the said Bank, authorized by law passed h,
me General Assembly, on the l7,h February, 1880
entitled, An act further to extend the Charter O
the Bank OF Virginia, and for other purposes"