Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1830-02-18
million Of dollars. would only give

owning than million Of dollars would only give
thirty votes.
Mr. GooDE proposed the following amendment to
that 81 tn Senate: 10 add alter the word enlited in
the Ssna,e's ndne mt, the words "o yoe or votes
equal TO tie greatest number Of votes which shall be
given at the said meeting any 1000 shares held by
the gre s,c.t number OF S,ockholders."
Mr.. GooDE stated that his amendment was copied
from represent char of he Bank Virginia in re-
laton to he election of Directors, sc. butthat accord
'ng to the am-ndmrnt OF the s, nate, the State with
one million md odd dollars, would be entitled TO m,
holders.
Mr.. RrvEs Of C. did not think the amen,lmsn, Of the
gentleman from Mecklenburg, gave q sufficient vote to
'he commonwealth, when owning at least third oil
the stock
MIR. GoorE remsrkedit was true. tina. the Common
wealth owned more than third; [viz 81 29s. 900
oil S27i0,O0O] yet he thought the ratio Of votes
hNed by the present charter in the ell ctiou Of Drec-
'ors. GU sht to he sat.tactory.
Mr.. RIvEs Of c. remarked, that the Common we a h
owned more SO al this time fin con.eaus nce of her
great Funds purchasing up more stock than she did
when the charter was first established. Was il
righ'' therefore, to give her votes in the
agement OF the INK than she was then entitled to give
IN the election OF Directors!
MIR. MILLER was opposed TO the smendmen, of Mr.
Goode, f,r very different reason from what MIR.
Wves had Assigned-So far from the State having too
little influence she in fact had too MUCH Sh. had az
ready the control Of the Bank had DO proved by
experience-aLd Mr.. Goodies amendment proposed C.
ven To enlarge the vote-for instead of voting on
2,74O shares she was actu,v IN got. IN a, m mo "a
5000.
Mr. RIvrs Of c. replied to Mr.. Miller-when NJ
tre' rose to state, that the object of the anne
was 10 secure To the Commonwealth a vote also pro-
P'ronat- TO the additional number of shares which she
has purchased; but he very doubtful whether Mr.
GOODIES amendment answered that obiect-And he
should not like TO vote for il, until he better satisfied
that such was its meaning. A. TO the smendme nj
IRON the Senate, he could not vote Tor il on any ac
count.
MIR. GooDE said, he should certainly vote against
'he o'nates amendment; but il itwere To carry, he
'hou'G certainly prefer il i'm the shape which he had
attempted to give ii-He tharght under his provision
the Commonwealth would be safe in adopting it, be.
cause he had copied from the pres n, charter res
pectng The election OF Directors: He thoe ht il was
probably a safe medium, between those, who claimed
too murh influence for the State, and those who claim
ed too | tile.
Mr.. Bryce expressed hope that the House would
disagree to The Senates amendments; AMI that the mat
ter would take that course
Mr.. RUrHERFooSp hoped that the House wonll
accede to the amendment of the Senate; aud stated
that he could not reconcile il to any idea of eaualty
that IN" State should the absolute control in
the management Of the Bank-,ni that he could no,
repose such an unboundrd confidence in the sagacitv
oil any one man, in directing i:s affairs.
NJ. GREGORY said. the only question wa. whether
the influence OF the Common ea'h should be incraas
ed or dinnished-and he hoped the House would sim
ply disagree 10 The amendment of the Senate thus r.,
tanning the sam. power which the original bill gave
the Commonwealth.
The question was then put upon Mr.. Code. amend
IleH anu m -tion OF advancement IN
the amendment Of the Senate ,ras carried
MIR. CABELL proposed TO amend the la amendment
OF the Stns'e, by adding the following: Provided
ho'oerer that nothing in This ct shall be so construed
as to deprive the Board of Directors OF the power Ia
authorize the purchase of such bills Of exchange o.
drafts, AZ may he drawn any of the Branches an
payable at the Mother Bank OF any other Branch or
ccs uersd; without the prcvou. submis sion n IN. con,
>h-raton appreciation of sad Boar of said bills or
drafts; and provided always that such Lill, or drafts
sight" wy "''e'
Mc. FISHER opposed the amendment, a. being re-
pngnan TO The other provisions of the bilI-Mr Cab
sad he had no objection 10 withdraw his amendment
out MIR. wilson declared that he no incom,pa,i b
at all between thasc various provisions and hoped
the gentleman from Pitsylvania would not withdraw
1t. Mr. Cabrll then renewed it-and after short de-
bate the question was taken upon it and lost
The last amendment OF The Senate was agreed To-
AMI Mr. Goode requested carry the bill 10 the Senate
WIN The disagreement 'he part Of this House TO
heir amendment respecting the vote Of the Common
ealth.
The House resumed the reading Of the Engrossed
Bilis;-And the engros.ed b.-"To anne nd an ac, en-
,ied m act increasing the powers OF the trustees of
The town {" Falmouth in the county OF SsRord:"-"To
amend the act entitled An regulating The
OF salt in certain counties therein mentioned" passed
Feb IL 1877" To ncorp,raf. the town of ,nviiIe
in the county of Pittsylvania:"-were read a third
time and passed.
The engrossed bill "appropri,t ng the pub,ic rove
nue., was passed, after filing all the blanks rs 900 dol
lars being appropriated Tor repairs OF the Governor
The House then took up the engro,'ad bill. "To ex
tend The charter Of the Bank Of the Valley in Virgin
Ia, ard tor other pufposrs I'm filling the blink viii,
the time Tor extending the charter some discussion
sued MIR. Macon OF r. novel TO fill the HANK - i,h
h'een years: Mr. Minor with years and oIe tw elf n
OF year, from May 1884. The Latter again urge !
the advantage Of letting the chaters of all the Bank.
run on together Mr. Mason centendsd, tina, what
ever mightbe the wish OF gentlemen a. TO the two
Banks in the Eastern part of w. MIA or =, IN the
plan Of consolidating them into one ms tuition the
SANE argum Mt cou not apply to the B.nk of the
Valley, which was entirely disconnected with t,e o.
Their Banks and in which thu ate owned only alb ut
| 100000 dollars, out Of 700 900 He presumed tina,
gentlemen la m idea OF oli1ang thi, Bank wi h
The other two lie nade another renlark-gentIemen
faiked much about log rolling, which he did not admit
but what would be the eff ct Of letting all these char
tiers expire together! 1t must bring about tl.f ysry
combnatioh among the Binks, which gentlemen SO
much deprecated Aud if This charge of combination
be true, which he altogether denird vet gentlemen
were inging about. by inducing IL no, coercng all
The 1917 ks 10 apply AZ The moment for a renewal
aud thus bringing about this combination among the
Banks, OF which hey now sompIsined.
MIR. MINOR argued, that the IL INKS expiring al enc
Tim will relieve the Commonwealth from all ron.
tracts or obgd ions TO the deposit of its ,xes The
INKS now bav- tight 10 have their notes
in the Revenue of the State and In the place OF ir
safe keeping When all the Charters expired At once
she would BE- at perfect liberty make such arrange
men's on this subject az she thought best.
| The question on billing the blank with Is wears
wa lost-aves 81 NOE SO.
TIL blank then filed with and I 18th wears
The blank Tor the bonus came 10 lie hlled-Mr, Ma
son moved to I'LL It with 10 900 dollars He said the
sum originally proposed 10 he paid in case its charter
wa TO he renewed Is years, was 20 900 dollar. II
| arCai u nail In lha a,