Daily Richmond Whig. [volume] (Richmond, Va.) 1828-1831, 1830-02-08

'",.cs were 100 grcat-ihe pay OF the officers o
the Bank of Virgidie were 8 or per cent upon the
dividends. MIR. M. adverted 10 the dispropoftion OF
The salaries of the Presidents compared TO the COM
pensations Of State and Federal Officers and the
hght duties they had TO perform He for pa yipg
ohicers literally, but not extravagantly.
MIR. Mason Of Fred, thought we were going too
lar IN regulating the salaries Of officers If it wa,
feared that as proxies they would regulate their
own salaries, he reminded the House, that in this
case the officers were forbidden to act rs proxies.
Authorize the treasurer to vote for reduction but
do not, said Mr.. L.. represent the stockholders as
well as the State Mr. NJ. replied to Mr.. Minor on
the point of services rendered by Presidents: and
said that other than manual duties were expected
Intelligence was expected fom him-devotion of
mind 70 the interests of the institution-and know
ledge Of the financial situation of the world Gen.
tiemen no doubt might be got for moderate salary
to preside and sign notes, but adequate men, who
came within the description above, could not be
obtained.
MIR. Bryce moved to substitute the amendment.
by empowering the Treasurer representing the shares
OF the State to upon the same as an individual
stockholder.
Mr. Harris said, it little became him to say any
thing-known as it was that Inc wus u near relation
and ON intimate friend of the President of the Bank
OF Virginia. He passed a warm encomum upon the
vigilance services and capacity of the President and
repeYed supposed intimaton that he had welded The
influence Of his Office, for the extension Of the char
tor, &c.-Mr. II. expressed himself in favor of the
amendment offered by the gentleman from Gooch-
land Mr.. Bryce)
Mr.. Minor denied the right to legislate upon the
Warmers Bank, which held its own charter and was
not asking this power at the hands of the House
In reply to the objection made to extending the pr
yIege TO The Branch Bank he said that although the
u. ). Bans had now no branch but in Richmond and
Norfolk, 1t might have hereafter.
Mr. Bryce was opposed to extending the privile ee
farther than to the mother Banks.
Mr.. FitShugh snid that the privilege of dscountnr
at months, did not take from the Banks the power
OF dIscouniing at 60 days. 1t was convenient, and
he hoped 1t would be extended
In reply to the observation of Mr.. Minor Mr.
Hires SAID, that the Stockholders Of the Farmers
Bank might reject the privilege if they chose There
was as much reason for extending the privilege to the
branch at Norfulk, TO the mother Bank as there
was branch of the U. s. Bank there. Mr.. r.
enumerated many commercial facilities which would
result TO the dealers with the Banks, from allowing
them TO discount at months.
Tie amendment to the amendment, extending I be
privilege to the branches, then agreed tc--ayes
81, noes ii.
Nr. Robertson, president of the branch at Peters
burg while he thanked gentlemen for their kindness
10 the Farmers Bank, said that that Institution did
not desire the potter proposed 10 be conferred
! 1t, OF dlscounting ut months The Stockholders
had decided that that power was already possessed
under their charter, but had expressly refused 10
allow Its exercise. lie therefore moved TO strike
out the Farmers Bank, wherever it occurred.
Dr. .uiloy denied having intnatcd any thing II
prejudice of the President Of the Bank Of Virgins
upon whom he past an eulogium. rs 10 the amend
mcut of Nr. Bryce, it was mcckery-as the Trra
surer voting az individual would have bat thir,
votes.
! Nr. WoolfoU addressed tie House in explanaiio
and vndicstion OF the remarks made by Mr.. Miner
which he was sorry the gentleman from Henrici
Mr.. Haryie.) had SO much misunderstood.
Mr. saiaor moved that the committee rise, rcpor
progress and ask leave to SIT again, aud the uloiicI
was carried-Ayes 81, noes III.
| The Char reported communication from the %
Auditor, transmitting a resolution adopted by The
Board Of Public Works, which motion of 81
Ifives of c. vas committed to the Committee O
] Roads
Reports were received from various committees.
Mr. HanSbroaSh presented memorial from th
President and Board of the Bappahcnnooi; company
which referred.
Mr Whits OF Rockbridge, moved that the Hous
NEST on Monday at II O'Clock. Mr.. GrGrely mo re,
10 o'clock, which Gas negatived-aud IL o'clocl
carried
! And The House adjourned