Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1830-02-25

lrFgDAY, Feb 10
o"mmuoicu ton was received from tbs
| senate, daing that tie had PASSED with n.
meudmcuis the bill To RuthotizF srpsfnle -
lecuons IN the counties of Acromnok aud Pat
rick aud bi s." E4tther 10 extend the 5hnr.
'or OF In Bank O Virginia. and for ether put
poses"
Iii, amendments 20 the FIRST nnmed bill were
| runeufrci IN 10y the House.
Among the mosl important Amendments 10
the Bant BIZ, are the following:
The 9th 4ecuon II the bill rnn ihns. Re IL
turtle, enacted, TINT the said Bank n, Rich
mond shnll hereafter be- allowed 10 discount
bills hnd Notes that have not more ihnn four
IN nihp To run - he Senat, amended by adj
ding alter the word " Richmond" the words
" 40, OF It's branches
An0ihsr amendment The 9th section of The
bin endrd ~ i0l.ows " IN all meetings of Nh,
slockhbdefs, such person o. persons rs shall be
appointed from tim 20 tim, by rr under any
law which shall he enacted for ihe PURPOSE,
| shall upon every que stnn, other than the an
Up inimrnt Of Directors, have poie or pstcs q
guaiiO one hTd Of all he iotes giren u. N.
meeting upon such question. The arpoln ment
OF Directors shull rem ~ AZ heretofore The
Scunie amended This clause by adding after the
word snch. TN words " The Treasurer of tbe
Commonwealth or such oihel'--Also nfi The
word time, insert Ito represent tie iniefe.t of
the Commensurate IN the SAID Bank also
strike out from the word Directors The following
words ~ HdliCs. aud insert " be entitled tn as
many votes on account ofthe stock held by the
Commonwealth as nm individual holding the
aamr number OF shares woul he entitled 10 I'M
der the act Incorporating sad Bank.
dnoiheY amendment The close Of The 9th
sertlpn uf he bill was ag follows " Nor shall
II b. lawful Tor any officer o. other person 10
doai ~ other bills Of ext haoge for III. h. n, IL of
the Bank, or with the funds of the Bank who
shall have betn author sed so 10 do, by he vote
OF majority ni the Board oil Directors ana
each and every per On thus auth ized, q, irrc.
oSyee sffg laea S sse0 p by
striking odi The {! ords ~ Hdiic5. aud inserting
" ov the neI, dseeunf day
The Bank Ban, with 81 Amendments, was laid
upon the Rbie on Mr.. Minors motion
On moiion oi Mr. Kiyes Of Campbell. tho
Housf came a. the iolowing resolution; " Re.
soircd bb The General .1sJembty. hat the Board
oi Public Works be 'eqir ted 10 instruct the
Principal Engineer, II compatible with his 9TH
er engagements, To- examine the praciiGability
aud txpedi, ncy of conusoiing the trade OF
James aud stanton Rivers b, improving the
communication between Lyncbburg ana soma
point on Staunton rfver--ia report the most
suitable mode of such eommunica ION an tho
probable expense thereaf-ani the advantages
If surh connection oil the I adj OF the Two IiY-
ers
M Riveg Of e. called up the bill" To reduce
the shipping duty on Tobacco, and 10 secure
10 tim owner the drsnghls or samples of his
tobncco," which was read the LIST and I'd lines
aud re'commlitfd
The following engrossed BILLS were taken up.
rend n Sd time, and passed, VIZ a bill "Con.
/ fIE4 a. k.Lg I.fa
| Treasurer Anu bill 4" Allowing copies oil
deeds 20 he recorded IN certain cases.
Mr.. Goode called up the Virginia Bank
! Bill
| All the amendments of the Senate were n
/ greed TO- until thu one respecting thu n0mbee
Z Of votes 10 which he Treasurer or agent uf the
! Commonwealth shall br entitled to give, wan
read-w en- Mr. Bryce objected TO the am nd
ment saying that the Commonwealth. ON iDg
more than million of dollars, would only give
Mtrty votes.
| Mr.. Goodr proposed the following amend
meni 10 that Of the Senate TO add after the
word entitled" IN the Senaies amendment,
the words " to vote or votes equal to the great.
IS, number of votes which shall be given al the
SAID meeting, on any 1900 shares held by the
greatest number OF Stockholders
Mr.. Goode stated that his Amendment was
copied from the present charter of the Bank OF
Virginia IN r. aton 10 the election Of Directors,
&c bot that according 10 the amendment OF The
j Senate, the State with one million and odd
dollars, would he entitled TO no more vote =
Than 10000 dollars owed by private Stockhoi-
ders.
Mr. Rive Of e. did not think the amendmen,
Of the gentleman from Meckienburg, gave a
sufficient vote to the Comma nwealth " hen ow
ning at least one third 0flhe sock
A. do rLad AT tfu hat
the Commonwealth owned more than q third
VIZ 81. 2gS, 900 out of 81 ia. 0O0l-yet he
thought the ratio of votes rs fixed by The pres
ent charter, ~ The election Of Directors, ought
10 BIZ satsiaclory.
Mr.. Riyes ofC remarked, that the Com
nunwe attn owned more stock at this time I'm
consequence OF her great funds purchasing up
more siock) than she did when the charter
war first estabished.-Was it right, therefore,
10 give her 40 more yo,es in the management
Of The Bank than size was then entitled TO give
10 the election Of Directors
Mr.. Miller was opposed 10 the amendment OF
Mr. Goode, for a very different reason from
what Mr. Rves had assigned.-So far from he
State having too little influence, she IN fact had
too much. She had already the control OF the
Bank, as had been proved by experience and
Mr. Goodies amendment proposed even 10 en-
large the voie-for instead of voting on 2,740
+ shares, ,he was actually 10 vote on as mauy az
1900.
Mr.. Ryes Of c. replied to MIR. Miller " Q
Mr. Eppes rose TO state, that the oeJec ne
amendment was TO secure TO the Como,oo Il
wealth vote also proportionate to the add,