Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1830-02-04


.,nesad. an ihat no nan had right 10 en-.
an,rs INTO the notes which were presented 10
the Rsnks f,t j scodnt
ssnie Conversation ensusd mon PM
lion which had appeared IN netsaapff ms
morning. npon the eIrcumrianees uh1fi VAN
the memnfiai iron til Baak q the valley ha'
been nre.eniei In the course 81 tbs fEpianh
ton. nr 1cihaneY, atniiied himself 10 De
the aaihor Of tnis pnldieaton-siHing thhi ne
hnd never heard pithr intention Ia preseni TINS
memorial. and Ina some others had mol done
So and hence he had aiken up the impression
,h,, inns memorial had besn suddenly gpl up.
without ne knowledge al thr stpehh nlfett -
Mr.. dasan nj r. sf,lr1 thu The memorial had
BEN nrsdicafei upon afesslaipn aippted by
the meeting oil tie Stockholders II ln,y iaH-
TINT fha Directors Of the Bank ID d"trfhinrd
10 present IN nasa upon the strength II
this re.aliisn. nd they hal phi u MO ms
hands II present Ia ihe House -lie hhh done
so anl ne III nnf see i,pon ~hai prih'lPr III
courtesy Or oIpeheBey snhrf, u W. cue
tram hin - The ernllr nm lfon Innibph, II.
MrIlhans, 10 lnfnrm him Of his - enlinh 10
present II
Nj Eppes an5la III fer tbfo"ing himself,
NOT upon the pa lteness OF thr House, Tor ihhi
he had alvayscrpHr TRACED hpt ihetr patience
IN making a few remarks IN op aosl' IA 10 the
bound 10 sre.rm his OH tloasto The consider
alion nj tn II snse II declared mat be WIS
mol safished ny the exhibits al the Bank. and
was disclosed 10 donb' either the iAas winch
II had adiIced or the conclusions whith they
had dfa w ION fhrn. = He then .tafeh he 20
sitions winch the Bank ii Virginia had hk"n
IN II mempfat -nht disputed the accuracy 81
man MN. For instnnEe, the Bunk smd.
that ifhal flr = years complied viii as chhr.
TER. anA flhlrd all i e engsgrmenls--bui lar
ASKED NV ih. proposition col ! he nam an
ed ann ithad formerly suspended sprsle
navmrnts lie alluded theit assertion. tha
they lad contributed 81 huch 10 lliernal u
proven NJ. When The Stock in vino our STATE
Innh n ltnrnal Improvement ~ ,es.e1 Ind
deprreiaiel l. PEI cenf AMI /. "ns nov necc..
suy 20 IKE = years oi lis dsiltnd5. 10 mhke
good the capi.sl.
h. remarked, lint the memorial not only
contained such fase facts ~ he hid allpled 10,
{ne did not mean TIM The Directors bad sta ed
Them. knowing them In be- faise,) but II CON
tanned many doubtful proportions =-ior instance
the claim they took u themselves, Of support.
ing the Commerce oil the State, winch be con-
novertpd-saying thai these institutions had
always acted. - he# upon scheme Of wheed-
ling or Bullying l.. proceeded 10 another
class OF proposition ~ lhai MN arlal ihoAr
winch were probable "a - He admit ell N
deed. that they had stated some true proposl-
tons. MS for Instance, the amaopt oi bonus
they had paid 10 The Commonwealth, IN little
more than a mlilion and also ,b. amour, ol
Stock now owned by thr State. But he con
tested the conclusions which had been drawn
from heir statements He analysed the stats
mrrts Of the Bank, in respect 10 the means II
protested TO have Tor paying iIs debis-and de
MED, for instance thni OF The more han 4 mil
lions al dollars, which they said was due 10
them the whole coald ever be collected lie
contended, that large proportion of thrr
debts must he lost and that II was but lar
20 calculate, one-thlrd should he considered ss
bad, another third rs doubtful. and third on.
iy as certainly gpod.-lie coniroserted anoth.
ar part Of heir Statement The value of more
than $4,000 which They Ind attached 10 their
Bank houses--snd sad thai Judging by the
depreciation ol other property, they ought Ia
have sci Il wa thu loss Al 10 per cent nj least
instead OF nniy 25 per cent
M. l.. denied that they could restore the
commerce ol the country as they protested and
IL hey could not do IT, for whose benefit Is the
Charter 10 he renewed For the .tockh olders
nlone
He commended, thai the Stock of The Bank
was moi worth s. pr csni. aud that II could
MOI fully make pul It's dehl from those who arc
indebted IN Them
He reviewed the subject N relation TO the
interest held by the Slate IN this institution
aud tBke1 whether the House would consent
TO share ~ the pinndering system oi the Banks
would II MT b. better To do away NJ once
With THE funds OF + acalIon 4 Internal Improve
men Aud suppose, what lac did mol believe,
thai tn" AT would receive So dollars upon
every share she Owned. vet could size not vesl
them IN other productive Funds lie SAID Is
II honest 70 rs 10 Stanu y and see he process
that Is gong ON IL see the Bank galng
on, whIlr trefbses 70 expose / true SITUATION
end 10 sas Who IT'S drbtofs 50 that a iadg
mrnl may be- formed ot rs condition ! lie
never knew man, whose situation IL rotten
like that OF the Bank. who Did not afr CT grea
airs of prosperity and vet In, generally
end IN kissing the cali skin. taking the IN,
solvent oath, AID afterwards living gu tncu
spols
tie touched upou the subject of federal poll.
ties-siaied thai TIL time must come when we
should he competed Ia resist the usurpatoHs
OF the General Government that every thing
satisfies us Of the taci lint while there was
great Go ossns M Pill pha disturbing the
whole nation aud Whine The distribution Of the
public lands VAS nov IN ne tnton, was il pru.
dent upon MS Ia rely for the means of support
IN such an engine ab Inns rotten Institution
lie exph'ated with great warmth upon the dan
serous tendencies ol the u s. Bank. aud the
duty which WINS incumbent upon every man,
who valued his county, 10 prepsre Tor tho
contest with that gigantic Institution He touch.
ed "nh great spIit upon lhis 4 other subjects,
Il we regret tina the want oftime aud OF space
compels us to give not .Srn a skeleton of In
very long aud animated lAress
After Mr.. + had closed, tho question was
taken by ayes and noes, and the motion for
indefinite pcstponement was lost
AfES-Messrs. Banks (Speakcr) Bayiy,
Gilmer, Booker If Amelin, Garland of Amherst.
Kinney, Campbell of Bed, Faulkner, Shsnks.
Bessly. Trottrr Bocock. Yancey. Tyler of
Charles City. Richardson Of Charlotte, Ae.an
DER OF Charlotte. Bufoot, Boisseau. Scott Of
Din., Wray, Booker oi'E. c. upshaw, Chiffon,
Wtnn ,bdiups orc. Guerrant, Hail Tilier, 1hrop,
Williams OF Harrison Armsieah. Leland, Dan.
dndg', Hayns, M'ilhaney, MCahe. Daniel