Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1835-01-17

Mr. Nash said this the first time the question of
he currency of the country had been brought before the
House this session IL of great importance: aud
whatever feelings might be- entertained in relation Ia the
opinions OF the President Of the Il States they ouht 10
be iad aside that the subject might be dispassonatey
considered lie hoped the Bill would be laid on :c in.
bie--and he had risen To iatnatc his intention To offer
proposition which would bring the whole subject Of the
currency, in all its bearings under consideration He
hoped that upon subject of such paramount
toevery interest of he State the aspery which general
y mingled in the discussion of Federal politics in this
house, would be laid aside, aud that members would
meet the subject cooly and deliberately
Mr. Collins acquiesccd in the propricty of LAYING the
bill on the table. Tie believed the more fully the subject
was examined The stronger the claims of Portsmouth TO
an Independent Bank, would be found
\ ne motion to lay on the table then agreed to-
were ordered TO be printed.
BANkIso CAPITAL THE STATE
Mr. Nash then submitted the following resolution.
Resoired, That Committee be appointed TO INQUIRE
into the expedency Of increasing the banking capital of
,he State; and If cxpedicnt whether by independent
banks or branches of those chartered and report by
bill or otherwise.
MIR n briefly explained the views which had induced
hum to present this resolution Ii was very well known
tha the charter of the Bank of the United States would
expire IN about eighteen months There wus probably
OF dollars put in circulation here by the operations
OF me Branch besides half million in the Branch
at Norfolk The withdrawal from circulation of this large
amount would create vacuum circulation which
all men, who have turned their attention Ia the subnc,
Know must be filled zip. MIR. ~ was not one of those
obeieved that metallic currency could be introduced
so as to meet the cxgencics of the country or afford
requires lie believed IL to be the settled belief If NOT
the policy of the country, that Banks under certain mo.
dihcacns, not only beneficial but absolutely nccessa-
ny. That the banking capital of the State be in.
creased, would seem to he evident The question was
how should 1t be done? Whether by independent banks
ooy the present banks and their branches He did not
adv, cate either but DESTROYS of having the subject
thoroughly examined. He thought the independent
banks ought TO be in this place with branches wherever
banking capital required But this was not the time
ior discussing the subject minutely-he hoped il wouId
ne referred 70 committee, and he doubted not, it would
receive the attention il mcrited.
Mr. Watkins wished TO put the gentleman right as TO
vacuum being likely to in the currency of the
country BY recent report appeared that there were
now but 10 millions of IT, States notes in circulation
while II millions of The specie had been brought in
10 circulation
Mr. Coston requested the gentleman from Powhaan TO
extend ms resolution as TO admit other plans At
present IT comprised but two schcmes-one of indie
pendent banks, the other of branch banks There was
ulrd winch might claim attention--viz: independent
banks with branches.
Mr. Nash acquiesced. 1t his desire TO embrace
The whole subject.
Mr. Randolph suggested that the object of the gentle
man wouidbe gained by amending the resolution by the
insertion OF the words more" between the words
0y and independent which being accepted by Mr. Nash
was odopted--the resolution was agreed to- and the
following gentlemen were appointed committee on the
subject:
Messrs. Nash, Coston, Parker, Collins, Holleman.
Johnson of r., Randolph, Wilson of b. pornan Jan.
nngham.
On motion Of Mr.. Gregory,
The House adjourned
fFGdy, january ID.
message received ffom the Senate stating tbot
they had passed the bill further extend the time of
Keeping open the books for subscription the stock of
the James River and kanawha Company.
EXECUTIVE couYciLLoR
The joint order of the day for the election of an Exc
cutve Councillor, to supply the vacancy be
cd by the expiration of the term of service of Peter
Daniel, taken up.
.. MIR. Bolts moved TO postpone the joint order, with
the consent OF the Senate until this day week Alter
lew remarks from Mr. b. and Mr. Craig sustaining the
motion, ii rejected
On motion of MIR Miller the House nroceeded tooxo
cute the joint order.
Mr.. SherEard nominated Peter v Daniel
Mr.. Broadus nominated John S. Pendleton of Culpepcr
long and animated debate took place on the uuali-
fcatons of the candidates. in which Messrs Sherrard
Broadus, Holleman, Parker Hooc Gregory Brown Jan.
ney, and Colston took part--when the Senate hayno
been communicated with the roll called and result
ed as follows:
For Peter " DamielNIcssrs Banks, (speaker) Rives,
randolph Laync, Miller Wilson of b. Nj MILAN Turn
bull Booker Of Buckingham, Yancey. Hampton Madi-
son, Payne, Steger, Holland, Wade Gibson Watkins
Avent, Darlington; Sneed, Nixon, Kncheloe, shinn,
Hoiienan lIooe, Harris, Todd, Garland of NJ. Rodgers
Wiley Morgan, MCauley, Shcrrard, Leland Wool
folk, Robertson Cackley Nash, Carroll, shands viii
hams, M Dowell, lr, Moorman, Cline, Hopkins Spear
Bare Jones OFFS, Crutchfed, MoncuIc Hargrave Wit.
ten, Clarke Stangcr, Brown, and johnson of R.-57
fSr Joha S Pendeton-Mcssrs Drummond, Grnalds,
Garland of A, Pate, Holt, Coston Hunter of Berkeley
Shell, Saunders, Burton, Hord Christian johnson OF
~ Broad9s Scott Hunter of Essex, Ball. French Price,
watts OF Giles, Blair, Wethered Vance, Curtis Grave.
~, Berry GaIlaher, Summers, Hawes, Emanuel, Cad-
wen, Hoffman, Lawson, Janney, Beard Nj Carly Wag-
gener, Alexander, Collins, Parker Epes, NJ Lure
Wltcher, Swanson. Woodhouse, Boohe, Thornton Dor.
man, Harley Deashmutt Jet, and Cunning ham-52
fOr Joha r. .nay-Alcssrs. Booker of Amelia Crar
Brooke, Mayse, Wilson of c., Marshall Bolts Cabeh
Dupuy and Crump-l0.
For {: s. Carte-Messrs. Servant, Smith of G., Gre
CORY, Webb, and Watts of Norfolk county,
For n. Watermdn-Messrs Barton Mullen Bradv
Jones of Pcndlcton, and Prentis-5
For Thomas Richie--Nlr. Smith of Frederick
JOINT vote with the Senate For Daniel rs for PEN
dleton 81, scattering %.
=. ~ stCoND BALLOT.
f0T refer T. Ddnie-Alessrs. Banks, (Speaker0 Rives
Randoiph Layne, Miller, Wilson of Bot M MILAN
Iurnbu!l, Booker Of Buckingham Yancey Hampton
Madison, Payne, Steger, Holland, Wade Gibson Wat
Rms, Aycnt Darlington Sneed. Nixon Kincheoe
Shinn5 Holleman, Hooc, Harris, Todd, Garland Of
Mneeklenburg, Rodgers, Wiley, Morgan, M'Couley
Sherrard, Leland, Voolfolk, Robertson, Cackley
Nash, Carroll, Shands Williams, M'Dowell Jr Moor
man, Cline Hopkins Spear Bare Jones ofShenandoab.
SSruichheid, Moncure, RaFgrave, Wittcn, Clarke,
Stranger, Brown, and Johnson, ofR--57
fOT J0hR s. PCRdtotOR--AIessrs. Drummond, Grnads
booker, OF A. Garland ofAmhcrst, Brooke, Pate Holt
Colston, Hunter, of B., Shell, Saunders Burton Hord
christian, Johnson, Of c. Broadus Scott Hunter of f.
Ball, Marshall, French Price, Barton Smith of Fred
watts, OF Giles, Blair, Wcthcred Vance Curtis Mullen
GraVely, Gregory, Berry, Gallaher, Summers HAYES
Emanuel, Caldwell, Hoffman. Lawson, Janney, Beard
NJ carly, Waggener, Alexander Cabell Collins Parker
Epes, BRADY, NJ Lure, Whether, Swanson, Woodhouse
Boothe, Thornton, Dorman Harley, Delashmutt, Jett
Prentiss Cunning ham-G2
For Joha 4. Msy.-MessTs. Craig, Mavse Wilson Of
Cumberland, Smith of c. Bolts Watts Of Norfolk coun
ty' jones Of r., Dupuy, Crump--9.
for T. s. Cdrter--McssTs. Servant and Wcbb-2
Joint vote with the Senae--Daniel ~, Pendleton n ,
scattering rs.
Mr. Wilson of ID. moved to postpone the execution of
the joint order until tomorrow The motion was oppos
ed by MI Gregory, and rcjccted--Aycs 81, Noes 60.