Martinsburg gazette. [volume] (Martinsburg, Va. [W. Va.]) 1833-1855, 1837-03-29

Virginia Legislature.
HOUSE OF
WEDNESDAY,, MARCH %, 1887

WEDNESDAY, MARCH %, 1887.
TIE Senate's amendment to the bill
repeating an act recognizing the Lex.
ington Arsenal, and establishing q MI
lltary School in connexion with Wash
ington College, Lin substance reversing
the bill, so as to sustain the establish
ment Of the Military School,. The
question being on agreeing to the Sc
Mates amendment, it was opposed by
Messrs. Voolfolk, Booker, and Smith
of. of W., and supported by Mcssrs.
Dorman and Stuart !; and the previous
question having been ordered on mo.
ton of Mr.. May, the Senate's amend
ment was adopted-ayes 40, noes Al.
GENERAL BANK REGULATIoNs.--
Mr.. May, from the select committee to
which had been referred the amend.
ments of the Senate to the bill esta-
bIishing general regulations for the in
corporation of Banks, made a report
recommending the concurrence in all
amendments except one.
Mr. Hunter moved TO amend the Sc
Mates amendment, by adding the fol-
lowing proviso
Provided, that the total amount OF
loans and discounts Of any bank, shall
never at any time, exceed twice the
amount Of its capital stock actually
paid in.
And after a brief discussion, this mo.
ton was ncgatived.
MI. Smith of !. Of w., being aboul
to move an amendment to the Scnate's
amendment-tbe previous question was
ordered on motion of Mr.. Moore and
the committees decision in favor ofthe
major part of the Senate's amendments
concurred in.
Mr.. May said that by the bill as it
went to the Senate, each director Of a
bank was required to be the owner of
ten shares OF stock. The Senate had
stricken out ten, and inserted tpo. The
select committee had instructed him to
move to amend the Senate's amend.
ment by striking out too and inserting
fpe. This motion was agreed to.
Mr.. Bolts offered the following re.
solutions, which were, on his motion,
lad on the table:
RESOLVED, That hereafter, in all ca.
Sos of contested elections in the House
Of Delegates, it shall be the duty ofthe
sitting and contesting members when.
ever a reference shall be asked to a Sc.
lect committee) to furnish each to the
other a list of not less than twenty
nor more than thirty members, and it
shall be the duty of each to select from
the list thus furnished him, four mem.
bers, which eight shall select n ninth !;
and the nine members thus selected
shall constitute a committee to whom
the subject shall be referred instead Of
that now provided by the rules Of this
House.
Resohped, That 1.-THE sitting member
shall fail to deliver his list to the con.
testing member, for three days after
he shall have received that Of his op.
ponent, it shall be the duty of the
Speaker Of the House to make out and
deliver such list for him to the contest.
ing party, and il shall be the duty of
the committee selected as heretofore
designated, to proceed with convenient
despatch, to examine and report there
upon.
On motion of Mr.. Peter, the til to
authorize a subscription on behalf OF
the State to the stock ofthe Chesapeake
and Ohio Canal Company, was taken
up,
And, after considerable debate, the
bill was indefinitely postponed-ayes
81, noes 39.
FRIDAY, March 81.
A message was received from the
senate stating that they have agreed to
the preamble and resolutions Of the
house Of delegates upon the right oil
instruction and the course pursued by
b. w. Leigh.
Mr.. BORIS offered the following res.
olution:
Resolved, That the Chairman ofthe
Committee on Banks be instructed &c
communicate with the officers Of the
Bank of Virginia and Farmers Bank
OF Virginia, in order to ascertain the
amount o ftheir respective discounts Oh
the first days of January and March
instant.
Mr.. Boris stated that he had bul
n objectin view in offering this reso.
lutlon-there were various rumors a.
float as to the operations of the Banks
upon the surplus revenue that had been
deposited with them, calculated 10 ere
ate strong impressions on the minds OF
the members of 10th branches Of the
Legislature. He did not believe there
was one word Of truth in them, and
should not believe it until he received
the Information officially. The House
having obtained this Information, they
would be able TO act Understandings
on the subject when tbo PanL Mi