Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1832-12-13

| car be YL.a'net. Doth IN Lonl.on and lI,a.,
cot tfsre6f 10 be plaeedto the deb, of thrb the
the certificates Of the stock purchased - a'slt
/ with Messrs. Barring, Brothers IL Co. Il 1halt
stipulated, thai, II The amount of stock so nm, asp
and Of that retained by the holders should -'ased
be less than five millions Of dollars Messrs
| Brothers n Go. should make up the cef.,..' g,
ease the bunk should find il desirable to Dr.. N
or any par, oft the whole advance tn h.. f
bursed by the Bank in October, 1899 pr, e"''
thls contract purchases OF the three per cen, -. !"
were actually made on account of the banL Its
, amount o. Il / i'll ST %. "e
IL IS aso understood that the bank nv
from is President 10 Messts Barring. Bro,l, 'sf
co. dated tic 18th of October, 1882 dlsasep., a'l
much Of tbs arrangement made By lis ayllt,.5=-'
ted to the purchase Of the stoek, IN ire gron,.,
that provision IL the charter winch decisfes =
" the bank shsli moi be at liberty to purghas. 10y
public deJ, whateyerH Ia lieu Of the s,il..,,;.y
sc contract in regard 10 the amount pulcb,..1
was N the same letter proposed that the can,fo..
should be transmitted wthou, delay, that ,la -
might receive payment for the owncrs VII
which ii would nor be III actual possession &c u
iunda aud Tia the stock being tas Reimbursed :.
the stockholders, the amount should be nass.5 !"
the credit the books of the bank and fhoy eos
Gnue to receive an interest oil three nar 90,
payable quarterly Until the Isl of Ocio5c, IL
1t is supposed TO be optional with the Mes,rs p,
tiug, Brothers. & Co, and with the s,oekbol5ar,
" 10 have stipulated for posponement ofpaymss,
10 consent TO the change PROPOSED by the hitter ~
1t iiE>l' - = ~ D''' = VI ~ '"siSt tfHn
W' ''''''='' - ,'''' '''l'sh', sl1
should taeY Paiaue ."' a''t course HE certificates
cannot lie aUt..y SUI 'hop'',' ''''c N'ei"bzr ls51,
'io@,'3 ''ns h''y - 'Iu ~" standing tic
e'nh mas e'so'oWea me au'no't'y VI me e@rnt t.
purchase, II IS ceft''n ua' aeiay ''t coasdtra-
bic period OF time has been ana must yet be oesl-
stoned IN the surrender OF tie ccd heass f5loh to
a larse amount ana 1t Is mol rcrc elved ItatI is
any sufficient lus.lhcatiea II the grounds Of Tie
tta'aa'tian rs assumed lay .aa oanh Il. an arraee
mcnt III any torn, ~ Winch So Ii. Se an amounted
TIE P'''ie i1neS aaIld be- retained ay tae haui d,
lhr Il IA al Ia fnF zflhhht ailer had ji1=.I
.ae!fa.fi'Ntlod 70 the payment OF the 4a5ae,a.-
tons.
IL Is apparent, however, That Tie apirehcnsnns
arising out OF the afrah2cneiIts as II - uadcSla,A
|" nave Dae' cohetodcd BY IL" agent OF tar bank
ami oil the consequences 10 winch Il mstt leal
more espeeialiy snond the parties ia hyt.: ta...
1I"a rs i9iA.5H'lss n9t less tpsn i'e "r'a tmosf
81 Ia banks H"nsacH9nss especially ~ is ~. ~
''''i.s"'s Together with other nafie's eoIaes.d
VIVA lis ds'u'hsS wiHeh have occupied tl' aca-
a'n OF one hfanch ct the legislature sinoo the last
~ "uli report ii'm lhis d'lfftl2en ia'e tel. .e
,''d'o We IH1he r"Lilfhfe ~ ts4 tg2n1-z5 80 9.
'f'1 Institution aud tbese. ta-n n connection @ia
lh0 hecsSsa'! arrangements IA tpstian q fam.
y CLOSING ITS business. have ansgrateu an INQUIRY
O