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

ANU out the latter clause, and Subst
words, p" The Aforesaid sum OF dollars TO be
submitted to the future disposal Of the General AS.
sembly."
Mr. Mason Of 3. read the Act for re-ehar,erins the
armsrs' Bank-showing that the $50 900 bonus was
loaned to the University, by the unl for Internal Iu-
provemcnt.
MIR. BRYCE said, he wished to approach his obi CT
iirectly-and TO give at once to Academies and Col
.se' the bonus in qi-siionand not TO pursue the in
direct course OF the Act about the Farmers Bank Hs
wished to avow ec'iy, that the object he had speci.
neu; was more Important than giving il TO the Fund
Tor Ilterual Improvement.
Mr.. RUruERrooRv advocated MIR. Kimbrough's
anne ndneut.
On taking the estion, NJ Xxi nbrouyh,s am.,d
nent was o.t, without division.
The question then REQUIRED on Mr.. Bryce's amend.
ment.
On Mr. wILsoN's suggestion. the year 1888, was
stricken out and lett i'm blank.
MIR HARviE opposed tn. Proposition with great AMI.
eontending that this stroke for bre aking
siown the Fund Tor Internal Improvement; that the
tempt.
MIR. BRYcE replied. aud denied that his object wa.
10 break down the Fund for Internal Inpr1ve,ns n-H
wa'true that this Fund might he better orpanzed than
is-but be had wish to iniure It'll.
;'ign' ask him, why he did no, put thi Bonus where
"'snt ~ some good and not throw IL into fund the
operations oil which they did no, understand aud only
ps'haP' 10 repair the acknowledgement of some guo-
rant agent. ~
Mr.. WHITE opposed the Notwithstanding tina,
the greatest portion Of the Fund for Internal
ment was derived from the Bank bonuses and that this
was hrst step towards breaking up The Fund that
'hi. dversion'was made Il ON The fund.- why may not
gentlemen heTeai-r attempt b tax. away the other
ts oil the Funi with the esabi hing other
Academies and Colleges, and pei haD ano hsr Uaiyer
atty! IL was true, that this Fund was pledged BY law
10 Internal Improvements; but Nigh, no, this law be
got ove'! Me- w. said tn. Literary Fund w.
III good ani thriving conditon-and although the oher
und mght have been what nsnan ,g ed; vet the
gentleman from G)ochland might have had some con.
cera in ih-se np lropriations.
MIR. MI read the SPctisns frnr the I no
creating the Fund for In,ernal Improvement, showing
hata bonu'es TO arise from or the g
ing OF old Banks, were pledged the Fund for
improvenen-and was il TOR this use 10 violate such
pledge! IL required degree of hardhood. which
he did not think this House would exact. He showed
that tn bonus he reduced TO cash il wo,J no,
amount 10 more than from 50 TO 900 ,Iiars which
divided among thu Senatorial Districts would amour,
10 very small sum-and would form only the N. a
egg lot lur'her appropriations only the land
&c Tor the establishment oil Academies and College
Me- GREGoRY rose In support OF the ann of the
gentleman from Goochand-he EXPRESSED bis .ur,ri a
that the iri mis- OF lnterna Improvement should think
II becoming or necessary this occa.ion To- Sc,
up that interest rival to the interests Of general
educa'lon-but az gentlemen had deemed il polite lc
40 SO, 'hey must be prepared 10 meet the que..
ton oil superior claims; for his part he had M a.
hcuiiy in settling the question in his own mimi
ana he protested against the idea OF m kng the fund
set apart Tor internal improvemen the reversoner in
lee oil every windia which should Gene in the shane nj
bark bonus lie said he had yer acted ,h
true interest OF internal inprovement-nor had he ever
on that ,or met its cldi,is with hostile feelings he
was willing to acknowledge hira elf its frpnJ i'm IN Al
'shse OF The expression which admitted OF auaIGca.
ton by the rules Of sound policy but between the cns
OF 'uca:ion and internal improved he rou M,
He,"d'e ne 'r't perfect conviction that the bonus
III irson ought TO he pledged for alton in tire form
proposed College in each Senatorial district was in
every JUST view OF the subject OF deep Importance and he
id not hesitate TO say that he f3t admiration of
me motives which dictated the propo ed amendment
Objections had been the siaIln ga of PIE sup
ou' he was Tor making beginning, and the sum in
question: woai form nucleus, which subseaue nt ap-
proprations might make adequate.-Gentleinen had
forgotten, that the Library, now an ornament as
wen as valuable acquisition, had its commencement,
ia the iund acc'ulng from the sale, Of maps. and the
iund now proposed be set apart for III. obi.ct nj
general education beginning much more aus,;
ei'ns-He concluded by decl ,ring thu he shoulG not
feel reconcied 10 rene wal OF the Bank cb ,r,ar nm
less the am sndment prevailed.
Mr. WILLIAMS Of Harrison proposed t,c f,Iloyin,
amendments to add the words "For the endowment If
College at some place West OF the Allegheny Noun
tans.' ~
He conended that the citizens West of tbe A,Ieebo
ny were in want Of such Institution and that they
mad stons claims upon the patronage of the Stae-tha
many OF the citizens of TIE West with the most promis
ing talents had the means of going TO am Eastern
University; but if brought within a striking distance
would profit by such an histu He therefore boped
mcnt. WIZ ~
The 4th section provided, "that seven Directors shat
De sum lie TO constitute Board at the said
Bank, and the several Offices of Discount and Dcpos
ior the ordinary transaction of business aud making al
discounts" 'e W
Some conversation ensued upon this section betweer
Messrs. Bryce and Harvie-the form r. SAVING that
the number OF Directors reduced 10 less than IL he
might agree to the scction but that less than ma
Jority OF the Direct should actthe latter assionet
the reasons for the secton on account of the dcnly
oil getting quorum OF the Directo together 10 act
Upon the suggest on OF Mr.. Williams the number Of
Directors left In blank, but that the majority was IN
| act.
Mr.. YANcEY moved to strike out the whole section
which motion failed
! And then the word "seven" was st ucL out-And Il
was filled with the words ''maiority of te''
he 9th section "Be it further enacted That tbe
SAID Bank at Richmond shall hereafter be allowed TO dis
count bills and notes that have more than four months
TO run" ~
Mr.. YANcEY moved TO extend the fame provision
to :" The FArmers Bank at the same place"
MIR. RivEs OF Campbell moved 10 add and the
several ihces OF Discount and Deposi, of other"
Some discussion took place on this ouss'ion-Mr
otd opposed the amendment; he stated that The ONLY
reason Tor giving IN power to the mother Bank. was
hecanse the Bank OF the u. S. was at Richmond and
had that power.-Mr Minor contended for tle po,ve,
10 be given 10 the branches instead Of giving the
elusive yilege 10 the Bank at Richm ,nd but stated
that they ought not TO give the power 10 the Farmer
Bank, unless she applied for it.-Mr. Bryce opposed
the amendment in relation to the Branche4Mr Fl >.
hugh conended for the extension Of this power to the
b -anch"s.-Mr Rives OF C.. showed the convenience
which might arise TO the dealers, with the Brancbe.
from his pfoposition.-On taking the question on Mr.
Rives's amendment, IL carried-ayes o. noes A
Inc question then REQUIRED on the adoption of the a.
mendmen' "a amended.
Mr.. RoBERTsoN stated, that however kind gen,Ia
men might BE- in extending this privilege 10 the Far
mers Bank, yet II was not asked by that Bank--thev
did not wish any alteration Of the charter in that res
Peci.-He moved. therefore, that The Farmers Bank
might be stricken from the ann n1ment
In tall nta. H.,