Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1835-01-22


Of tho House 10 proceed to The election and after
some delay, n similar communication was received
from tina, body when the roll was called and
the vote stood 10 the House--for Gb,on 80 for
Bots "a for Samucls 22.-fWhen the name Of
Mr. Bolts OF HcnrIco was called, he declined CIV.
ing his vote stating as his reason, that one Of The
individuals nominated was his near relative Joint
vote with the Senate, for Gibson 60 for Bolts 60
for Sanaos %.
NJ election having taken place, second ballot
wes ordered, which resulted III the following vote
(Coi. Samues having been dropped)-for Gibson
60 for Bolts So. Joint vote with the Senate, for
Gibson - Tor Bolts To-
A third vote was taken resulting as folIows-for
Gibson 6l for Bots 81. Joint vote with the Sc
meteor Bolts II, for Gibson ~. So Thos. H.
Bolts was declared duly elected
JAMES RIVER AsD KAsAwDA COMPANY.
On motion of Mr. Johnson Of r.. the bill further
extending the time for keeping open the books oil
subscription for the stock of the james River Ku-
nawha Company was taken up,rcad second time,
ordered 10 be engrossed- the cngrossed bill read
a third time and passed.
On motion of Mr. Collins,
The House adjourned.
THURSDAY, Jan. ID.
On motion OF Mr. Lawson, leave was given to
bring IN bill to unend the act entitled nn act to
certain acts Of tho G. neral Assembly, for rails
ing money by way of lottery passed March ION,
1884"
On motion Of Mr.. Sherard, the House agreed TO
proceed TO the exccu ION of the joint order OF the
day, having for it's object the election OF FIRST
and Second Auditor OF Public Accounts and Re-
glstcr of The Land Office for the present year
md on motion of the samc, the 13d rule was
pended SO as 10 elect all three Of said Officers OF
ono vote,
Mr. Sherrard nominated the present incumbcnis
Of sud Offices for reelection, VIZ
james T. Heath, Flrs. Auditor,
James Brown, Jr. Second Auditor,
William Seldom, Register.
There being Other candidates put IN nomna-
ton in the Senate the JOINT vote of the Two iou'-
cs wa5 taken, and each OF the gentlemen received
he votes.
The Joint order Of the day, being the election OF
Brigadlcr General Of the 18Th Brigade, TO supply
the vacancy accustomed by the death OF Gen. VIII
liam III, Blodnax was taken up-and on motion OF
Mr.. Brown, the House proceeded to the execution
OF the order.
Mr. Garland Of Mccklonburg, nominated Col.
George c. Dromgoole, of Brunswick, and sustain
ed the claims OF Col d. q, some length.
Mr.. Brown nominated Col Daniel G.. Butts,
whose qualifications for The Office lie wurmly com
mcndcd.
Messrs Scott, and Johnson Of c., added their
testimony IN favor Of Col. Butts.
Mr. Garland of NJ, made some additional re-
marks.
Mr.. Shinn advocated the claims Of Col Drom-
gooe.
Joint vote with the Senac-for Dromgooe 81
for Butts 60. So Gel. G. C.. D,omgoole was E.
lcccd.
BANK AT PORTSMOUTH.
i he bill TO incorporate nm independent Bank at
the town of Portsmouth, returned from the select
committee with amendment, was taken up.
The amendment provides that should it be deemed
expcdent ut any future time, the Les slature shall
prohibit tho Bank from issuing notes of a smaller
denomination than twenty dollars-& having been
agreed 10 by the HOUSE. the question being on en-
crossing the bill, several additional amendments
were offered, and long debate ensued, in which
Mcssrs HoIeman, Colstoo, Collins, Gregory,
Watts, Parker Watkins and Nash participated
when the bill was laid on the table.
BANKING CAPITAL OF THE STATE.
Mr.. Nash then submitted the following rcsolu-
ton
Resolred That Committee be appointed to in
qure into the expediency of increasing the bank
ing capital of the State and If cxpcdent, whether
by independent banks branches of those now
chartered, and report by bill or otherwise.
Mr.. N. briefly explained the views which had
induced him to present this resolution 1t was very
we'll known that the charter of the Bank of The IT,
nited States would expite in about eighteen months
There was probably million Of dollars put in cir
| cua'on here by the operations Of the Branch, be
| sides half million IN the Branch at Norfolk The
withdrawal from circulation of this large amount,
would create vacuum IN our circulation W hich a II
men, who h ave turned their attention TO the snbjec,
| know must be filled up Mr. N WINS MOI one o(
those whs believed that metallic currency could
DO introduced TO meet the exigenclcs of the
country, afotd those mercantile facilities which
the trade of the nation requires. He believed it TO
be the settled belief II not the policy of the country,
that Banks, under certain mod 6caions ure not
only beneficial bur absolutely necessary. That the
| banking capital of the State must be increased
would to be evident The question was
how shoald IT be done Whether by independent,
banks or by the present banks and their b anches
| lie DID not advocate either, but was DESTROYS Of
having the subject thoroughly examined lie
thought the independent banks ought TO be in
this place, with branches wherever banking capital
was required But this was not the time for discus
sing the subject mnutely-he hoped it would be re
tcrred TO a committee and he doubted not il would
receive the attention it merited
Mr.. Watkins wished to put the gentleman right,
as to vacuum being likely to in the currency
of the country BY recent report it appeared that
there were not now but Is millions of u States
notes IN circulation, while 81 millions of the new
specie had been brought into circulation.
Mr.. Colslon requested The gentleman from Pow
ha'an TO extend hts resolution, SO as TO admit other
plans AT present it comprised but two schemes
one of independent banks, the other of branch
| banks. There was n ihlrd which might claim at
tention-vIz: independent banks with branches