Staunton spectator, and general advertiser. [volume] (Staunton, Va.) 183?-1849, 1837-02-23

tai OF The Slate To the amount OF - mill
lions Of dollars, by investing in the new
stocks - dollars on behalf of the coM
monweallh, out of the surplus revenue of the
United States, and by individual suhscri,.
ton TO the amount of - dollars"
MIR. Harrison expressed his willingness to
take MIR. Stuart's proposition, as II had sim.
Piihed the matter, and would bring about The
test he desired.
"A long discussion ensucd, in which Mes.
srs. Hunter, HUBBARD, Stuart. Harrison.
May and Stanard took part.
Mr. May moved TO lay the resolution and
substitutes on the table, and the AYES and
noes having been ordered on molten of Mr..
Harrison, the motion was rejected as follow 8:
Ayes 42-Noes 76.
Mr.. S,anard then addressed the House nj
length, in support nf the sxpedency and ne
cessity OF an increase of Banking CapilaI M
this time; and was followed 6y hlessrs
Booker and Watkins, and on motion of Ia.
latter, " VIC
The House adjourned
FRIDAY, Feb. II.
a message was received from the Sern;e
s'aung that they had passed bill 10 author
lZe subscription on behalf of the State. 10
Inc stock OF the Louisa Rail road Company.
WIN an amendment; and tina, they had u.
OF that portion Of the LynchburS and Ten.
nessee Railroad between Lyncbburo and
buford's Gar, and the branches of said Rail.
road, from the towns of Buchanan and Fin.
cas!ie-for procuring portrait of the late
Chiei Justice John Marshall-and for the
election OF the lst and I'd Auditors, Treasu
rer, Register OF the Land Office, and Secre-
tary OF the Commonwealth and Librarian.
BANKING CAPITAL
on motion OF MIR. Harrison the resolution
offered by him few days since 10 ins,ruc,
Inc committee ON Banks-with The substitute
offered by MIR. Rives, and the amendment
thereto, submitted by Mr.. Stuart, was taken
up.
Mr.. Venable addressed the House at length
on the general question of increasing The
banking capital of the Stale, and agans, the
amendment OF Mr. Stuart.
MIR. Hunter also opposed the amendment
and suggested general instructions TO the
committee
Mr.. Stuart replied 10 Mcssrs Venable and
Hunter, and was followed by Mr.. Sanard
who sustained the amendment
Mr.. Wiley moved TO lay the resolution and
| amendments on the table This motion y as
opposed by Messrs. Witcher, Smith of |. Of
w; and Venable, and rejected.
The debate was continued by Messrs.
smith OF is!e of light, HUBBARD, Muir
daugh and Almond; and the ayes and noes
having been ordered, the vote was taken on
Mr. Stuarrs amendment, and it as adopted
as follows:
| Ayes 69--Noes A.
The question being then upon filling the
first blank in the resolution, ior The amount
OF increased capital,
Mr. Harrison moved to fill it with the
words "five millions"
Mr.. Carter moved TO fill il with "5 I6S :
5OO dollars-and read from an estimate to
show the mode of distribution by which that
sum would be required
Mr.. Bolts moved TO fill il with the words
"seven millions''
Mr: Murdaugb moved TO Gil the blank
with the words "not more than six millions. I"
AT the suggestion OF Mr. Harrison, MIR.
M. modihed his motion by adding before it
Inc words mot less than five millions and -
| Tier considerable conversation between
Messrs Harrison, StaHard and VenabIe. MIR.
Murdangh withdrew that part of his motion
which fixed six millions as The maximum.
Mr. VeDahle renewed The motion.
Further discussion eDsued, in " bjcb Mes
srs. W"olfoik. Peter, Chapman, Booker and
Stanard, participated. The question was di.
v'ded on The motion TO fill with "not less than
nVe millions nor more than seven millions
SO as 10 lake The vote first on inserting the
latter sum: And The ayes and noes having
been ordered, on motion of Mr. Booker, the
vote was taken and decided in the negative.
as iollows:-Ayes 80, Noes 49,
The question was then put on filling the
blank with six millions; and the ayes and
noes having been ordered on motion of Mr.
Alexander, il was rejected as follows:
Ayes 3s, Noes So
Al the suggestion Of Mr.. Voolfolk, MIR.
Carter withdrew his mo,inn, in order that
The question might be taken on filling " i,h
fpe millions.
MIR. Fisher made an unsuccessful motion
10 adjourn.
Mr. Edmunds of II. moved to insert "not
Tess Than, previous 10 the words, .fue mil
mons. After some conversation, in which
Messrs. Harrison, Stanard, and Voolfolk
took part, the motion Of MIR. Edmunds was
rejected
he vote was then taken on the motion TO
Nil with Five Millions" and decided in the
affirmative, as follows ayes 70, Noes SO.
Mr.. Dorman moved that the House adj.
Journ, on which motion Mr.. Harrison called
Tor The ayes and noes, and the motion vas re-
jetted-Ayes d noes 60.
Mr.. Harrison moved TO fill the second
blank in the resolution, for the amount of
The Surplus Revenue 10 be invested in the in
creased banking capital, with the words
"f,uo hundred and fifty thousand dollars.
Mr. Smith of Isle of w. moved 10 fiji il,
with the words Zone million of dollars"
Mir Harrison then moved an adjournment;
and thereupon, al hall past o'clock the
House adjourned.