Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1830-02-06

re"eive salary for bis service. eding 5000 per
ahnum' nor President for Office Of Discount and De-
post salary Tor his services, exceeding $500 pes aa-
Mr. kUraERFooRD opposed the amendment upon
he ground 'ha' might he safely trusted to the Stock
holje rs, the IN elves 10 lx In. .,no,,, f H.
saaries. NV
Mr. RtvEs of c. remarked that IN. Commonwealth
was Tho isrte. ockhoief, and had decided inter.
est m Tie &c uciion ot the exp Of the Bank He
conenjcd a az the salary OF 5000 10 IN, PR. i.nt
win the prvil. Sc OF r.esg,ng IN any other blu.
SIN IS, was 100 ia'ge. The Governor only received
more ufan this sum.-AIf the highest Judges of our
Courts received much Leslie went into view Of the
ohclai duties Of the President OF the Branch Bank who
receives 5 zoo; and he stated that duties we're very
anu even less than those of the Dire
Their duties were only TO sign their names TO the Branch
notes and to preside over their Boa-And he thought
oOO was amply sufcient-He trusted that the stock
Go'ders would carry out this principle Of cconomy to-
their other officers.
Mr. MINOR supported The proposition of Mr.. Rivss--
ne cont. nded that the salaries great-Ie stat
ell tha' wiie6 he himself was placed Chsitma Of
aCoihmiUee some years ago, he hal made out a Re-
port and proposed reduction Of the Saiares-but a.
w "os cases OF money matters, the effort had failed.
He entered into statement, to show how much more
'hs Preside ns OF the mother Bank received than other
officers, as Judges. Auditors, Sc.
MIR. MAAcN OF r. contended tia, the House ,sers
going too ar-that they might be doing serious mis-.
Chief; Gripping the operations Of the Bank and pre-
venting the other Stockholders from doing as ihey
thought right H. said the State was only in part q
stockholder not CIV ming half Of the ock aud ax
she ought TO do would be act as Joint s,ockhoider
shs might, il she pleaie instruct her Treasurer to
represent her wishes In the meeting Of the S,ockhod
era. and not because you have the Bank now iu
'ht the gentleman from Spotisylvania had formed .
Just idea OF the duties of the Presden,s-that thew had
more important duties to discharge than presiding over
Boards AM attaching their signatures notes; that their
oices required great intelligence, and knowledge of
commercial mattersthat they required even more ca
pactes and information than the most intelligent mer-
unOfp u,t,,
rival institutions would prosper at the expense Of the
Bank.-Hc referred TO the of tho IT, States Bank
which years since the very verge of bank
rupcy but they called in less man than Ian don
Chcves, TO retrieve her fortune and her institution
After having far succeeded he yet found il hi inter-
est resign the Office although he receiving
larry OF s 6,000-(and one time as a member u. ar
sugge ted TO him, 100000
\ Further discus ION en-uea upon th. question (for
which we have no space 10 spar. )-when. Mr. Bcyce
moved the following by way OF subiiur for Mr. Rives
amendment ('hnking that with such an arrangement
the salary OF The ofcers might be safely lift to the
e,ing OF the Sockholjrrs)-. On every question al
any meeting Of the Stockhold of said Bank the Tr.s-
surer iths Commonwealth for the time being shall
have righ TO vote ia proportion to- the number Of
.ar-s heli by the State, in iivjuai STOCKHOLDERS
| holding the same number OF shares"
MIR. HANvIE declared the reluctance with which ho
TOOK part IN this DISCUSSION his intimate conne cton
with the President OF the Biuk was known, and he
wished that conpec ion to be knawn.-He rose 10 vim
ca'e him from some OF the remarks OF the gentleman
from Spott'ylvania (Mr. Minor stated expressly that
he had not cast nor meant tocast tbs s'fgc mputa-
ton upon the Presilentcon- ieriDg him az valua Bile
"a an officer as he is meritorcus as mani MR. H.
then referred TO the statement male by Mr.. Minor that il
the monied eight OF the Ban which ha horne down
his proPo on TO rerench the salary OF the oic.rsMr
H. then went into an animated defence OF ,i- Pre.i-
dent. He stated that lie had Carefully ah-t aimed from
all interference with the proceedings OF this House
that he had joined IN miinghi reve,ry to promote
the renewal OF The Charerhad scarcely ever
within the lobby OF the House-aad tina, man could
have devoted himself with more assiauity, given
mare oil his time 10 any institution, than the President
had done 10 The Bank Of Virginia
Alter some further remarks from other gentlemen,
motion made for the Committee to rise in con ss-
quenee Of the iaten.ss of the hour as agreed
to, and q Committee rose accordingly.
Several bills and esolu lions were repored by the
Committees.
On Mr.. MAsoNs motion the Committee for Courts
81 Justice discharged from the consideration Of
the counter memorial from the county Of adison, and
| the same was iaii on the table.
communication was laid before the House from
the President & Directors OF the James River Company
covering certain resolutions which he yad
ed respeciing the regulate Of the Kaaawha Turnpike
which motion Of Mfr. RIvEs OF Campbell, was re
ferred TO the Committee Of Roads, SC.
On mo- ton OF Mr.. BARNES Of Essex the Hou,e adj
journed