Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1833-06-04

the James River and Kanawha Company and 10 increase
the Capitol Stock OF the Bank, similar amount in con-
lormi'y with the acts OF tho General Assembly for that
purpose made and provided the ground that majority
Of the whole votes which may lawfully be given was two
thousand eight hundred and twenysx, and that the
per obtained in favor OF the measure was 1910, Mr.
Leigh offered substitute, stating that majority of the
whole number, which may lawfully be given was 3,529
counting the Treasures vote in this case "a 352 or
equal to half OF all the individual votes which could
be given but in the ayes that should only be counted
looS or one half OF the votes which were actually given
on taxing The vote on this substitute, there were 1879
ayes aud 467 nays-so that Mr. Johnson's resolutions
were carried.
Ii was with establishment that heard the substitute Of
ieed Tor know not that before heard il gravely
proposed that the same vote should for one
purpose, and 05S for another when al the same
moment oy the same organ, and for specified object
mink II unnecessary TO make any farther remarks on
this part OF the subject only that in opposition TO such
as may think the vote of the State Overwhelming
would Observe that for the interest the State holds in the
BANK the Commonwealth is entitled still greater VOTE
to give il its due proportion.
Since the list OF the votes has been it has
ascerained that the whole number which could be given
besides the States vote, 593 in place of 7O5 "a
estimated when the motions referred to were made
Inc Bank OF Virginia being authorize to subscribe
'oioe James River and kanawha Company, it becomes
subject OF enquiry what ough, TO be pursued in
consequence OF the failure of the subscription by the
Farmers Bank 1t is known that Mondey, the 27th, was
spent IN debating on the subject and that the business
adjourned till the 2Sh and that alter considerable num-
Der OF the Stockholders had assembled on Tuesday the
voting was interrupted, in CONSEQUENCE of declaration
ns he measure had not obtained majority in the Bank
OF Virginia, and finally that the meeting at the Farmers
Bank was adjourned sine die, after taking down li3
votes IN favor oil the measure, and $40 against it,
ne whole number which could be given by Individual
stockholders was 1858 But il is hot generally known
mat no measures had been taken by Directors OF the
Farmers Bank, arther than publication the ne wspa.
pers oil the time OF meeting with a recital Of the laws
on the subec) TO apprze the Stockholders that their
sehee would be construed into a negative vote
uess 'ney attended or were represented the meet
ting; and surely it could not well be expected tha,
even pare majority OF the stock would be represented
az meeting called at an unusual OF the year. un
means were used TO apprise the stock
holders oil the importance Of their attendance .vil not
undertake TO say, that il the meeting had been adjourn
ed from day TO day throughout the week that
OF the whole stock the Farmers Bank could have
obtained in favor Of this measure; but think from the
voe so lar as was taken, may fairly be inferred that
majority OF the Stockholders in favor of -as those
opposed TO were not induced TO withhold their votes as
III the Bank OF Virginia, from the fear of increasing the
ae vote Tor IT is worthy OF remark that in the Farmers
Dahk tue state does not vote except in elections OF D-
recors Ii was urged in the meeting that Bank had
no right TO apply any part OF its funds any other
objects than those for which il was establishes but that
with duo Difference would observe that il the source
from whence the powers of Bank derived enargcs
those powers becomes with the stockholders no longer
by the will OF the majority In this case privilege was
granted to the stockholders which they might accept or
REJECT so lar as their sentiments recorded by their
vo'es am warranted in saying, that the majority have
considered il a valuable privilege.
Under all the circumstances attending this business
wouu suggest Tor the consideration Of the stockholders
IN the armers Bank who favorable to the subscrp
non, whether it may be incumbent on them to call
ahoher meeting at as early day possible, cons
der the expediency OF subscribing this great under,a
King ior certainly has not yet been fairly determined that
majority are unfavorabe to il; cannot be be-
eved that the subscription the James River and
VIVA Company now TO stop: for, assuredy unless the
Farmers Bank shall in the mean time render il
sary, memorial will be presented to the Legislature al,
their next session, TO incorporate company, with banking
privileges Tor the express purpose OF subscribing this
great undertaking, and aiding il with facilities from time
to hme according TO its In all the neighboung
States, Banks have been established with similar priv-
eges and II is we'll worthy OF observation that this may
be prominent cause of their having got so much the
starr oil us In the great cause OF internal Improvement II
such measure shall succeed, OF which there can be little
uouo IL VIII Then be seen. that the duration of the Far
mers Bank will expire with the present term of its char
er-an event which will in the time have the in.
evabe effect of materially impairing the value of its
stock. ACRICOIA