Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1837-02-16

VI GINA I.EGISI.ATIIRE
HOUSE OF DELEGATES.



Th,VsdoU Ftdrnutu Q
On motion OF Mr. Wilson Of h The IIansc
ook up resolution offered nv hun SONY days
-luco IN reference - the opsirty II The Siata's
purcha ing the Stock of the James River and Ia
nav ha Compooy.
Mr. Voolfolk moved 10 DO ,pone the rcsolr-
non indefinitely which motion wa- sustained
by Me-. Cn;ehdclj and Slanard aud opposed
By Nf Wilson
The ay"s and noes heinz called fnrhv Mr. VII.
son. the motion 10 postpone was decided in the
athrmatvr--avr Ct mos 10
Ga motion ol Mr. Rrvrs II was
R"So'r"d, Thu this lIousp will on Friday
III l7lh instant proceed, by JOINT vote wuh The
senate, In the election oil member of the Ey-
e"uIfe Council Tor Ihree year, from the 3 Il OF
March newt, 10 supply tbr vacancy ocra sioned
by The expiration Of the term Of service of Wynd-
ham Robertson. Esq
BANKING REGULATIONS
The engru s,rd hill prescribing REGULATIONS for
tn" Incorporation of Banks was taken up-Mr.
smith of Isle of Wight, motion 10 I'll b ank
hNlng the proportion Of paper issued to The spe-
clc on hand. with the word turn y 50 y TO an-
ihorzr The Bunk Ia issue Two dallpfs in uotea
'or ope in specie m their vault. Mr. Hunters
motion In Gil with The word hrrr' and Mr.
N"nahe'a motion 10 Oh the blank with the word
4 four. were pending
Nj Daecnrorr moved 10 fll The BLANK with
HE word frs and sustained the motion with
some hrIrf remark
Nj Smith Of lie Of Whit supported hls
motion 10 I'll with the word "twon Al conslde-
cable length, and read various statements, 10
sh"w that 40 injury would be CAUSED by the re-
sirctoa proposed by HIM
Mr Ilnta,d replied come lenath, and M
1ued tai the l4t1e5t uultipic outb to b adopt
ed, to enable bank, To oper le brneiaaly.
Nj Hunter sugpurtcd the hltn2 the blank
with "Mrrr" aud spoke al come length TO shew
that this proportion wo-lI enable bank' 10 ope-
rate ProspeIouely.
Mr. Sianari supported the motion 10 Gil with
The word " five" and referred to various docu.
intnts 10 prove that the bet conducted banks
IN lhl, country had b. en- managed with safety
and benefit, with much layer proportion oipt-
per circulation. He also urged rh I the re,trlc.
tons proposed would prevent any banks wblch
might hereafter be chartered, from gong into op-
Grafton.
MIR MAY advocated the motion TO fill with
= fve,n aud pre-. sed upon The House the rxprli-
ence of the benefits which had been derived from
the practice ia that particular up 10 the present
timp; aud the evils likely TO arIsr from the
STR ctInn proposed by the gentleman from Isle of
" ght
Mr. Seaar argued tina, the adoption of either
the motion 10 fill with two,n or that TO fill with
= three would be II ciit 10 destroy all hope oil
an lncrea,e of the bankln1 rapitd oi the Stale
He believed the pre- sent hank, would nor accept
additional capital under surh restrictions. Mr.
5. moved 10 I'LL the blank with che word six
Mr.. Carter advocated ihe notion TO Gil the
blank with the word i've y and read state
mrnt which he had made oi The injurious cunse-
q1tucrs oil Il greater restriction.
Mr. Smith oil Isle Of Nl9ht, contended that
the restriction propp,ed 10y hun would not injute
the bank, that they could operate safely aud
p odtlbly under II aud referred TO documents
10 prove that the resent bank, ID been IN Il
ru>peruns condition, when sImllr proportion
betwepn their issues AMI specie had existed. -
He then Withdrew III, motion 10 I'LL WITH two"
Oh ,ervlng, that he should be satisfied II the bidoh
were filled with the word - three"
After >one further remarks from Mr.. Scar,
who Withdrew hi motion 10 I'LL with tx, IN
i spirit o. comproaIiNc -the ayes and noes hay
M heen ordered by Mr Booker, the vote was
taken on lInI with the word h9e,' and deer
Jed IN The negative ayes 81 noes 10 -,
The question then rerufred on Mr., Ne'ahle#s
notioh 10 M 'ne ni'"N WIN i,'c w II
THIS molIon was sustained by Mes,r5 Ham
on aud Whether, and the avs ana noes having
been ordered, on motion Of Nh hooker, the vote
WAS taken and decided IN the diHfnatRe-AYe'
II noes go
The blanks Tor the mum 2ff o. director, u ',l'
Mother Banks aud branshts, bong ntEt 10 IL
filled, Mr.. May moved 10 III maj oil 'he 'oflne'
wIh nHf, a"I 'ot l'''e. WI" lII WI,