Staunton spectator, and general advertiser. [volume] (Staunton, Va.) 183?-1849, 1837-06-22

specie payment, COnsiueTinS Tie ctrcumstan>
ces oioverruling necessity under which that
resolution was taken, are moi jusily obnox-
ious To censure for having adopted il.
2 Resols ed, That in the opinion of this
committee, the sul,ency at the said Banks,
Is Tree from all rational doubt, and that there
- just ground 10 believe, they will he ready
To resume specie payments, " hen the Bank
ing Institutions IN the great Commercial PARTS
Of the country shall do So.
3 Resolved, That prov ision by law ought
20 he made to relic, e the Bank and commu
nity from the effects, that the suspension of
specie pay ments under the existing laws, has
un the charters and business al the Banks
On motion oil MIR. Garland, the report and
resolutions were read, aud the question being
upnn their adoption
Mr. Voolfolk moved That the whole 10
laid on the table. He had retired from the
committee, believing that he could get Moth
ing more than the opinion Of The Bank OIL
GERS, which would be favorable He had
submitted resolution 10 the House Mbict,
had been adopted but his object had not
been CARVED Out by tie committee 10 " hom
IL belonged Ia do So. He did not know why.
His oi j-ct was now 10 renew his efforts in
the House To obtain the IN fur M ION he ,icsfi-
ed, and which the committee though instruct
ed had not obtained. lie obiecle.l to The n
doption Of the resolutions until the propcr
Information should he laid before the Iuusc-
MIR. SinLard--lt was desira bic To lak ilita.ee
the consideration of the report as Mnch az
possible and as the two firsl resolutions on
ly were Objectionable, he sus ges,rd that they
he passed over and laid on / he table, in order
that bill might he framed, and brought i,
according TO the third.
MIR. Voolfolk then moved that Tie fwn
| first resolutions and report be laid IN ths
t.l,in Ia, I, Il a 4
] then adopted. La accordance with this reso-
luton, ME Joint select committee IN the part
! az the House, were Instructed 40 bring in
bill.
MIR. Voolfolk offered the following raso-
luiinn
Resolved, That the Presidents Of the VIZ
/ GINA ard Farmers Bank, he requested ~
lay before this House statement Of tas
names of all persJns toho are indc5fedfo Mefr
?, respective Banks, in Il s1tm or sums not oyer
$4,000, rih the amount ~ tae inde5faess of
each, and The names Of those pho are bo1sn,f
for each debt aforesaid, showing al the ssn,e
time The character, or kind OF paper helibY
The Bank as evidence OF said deb,s, and rhe,
! time AT "hich each was originally Contracted
That they lay before the House siatemert
showing what portion of these Jebts were
loaned by the Directors. and ha, portion sy
the committee to purchase bills.
Mr.. Wi,cher expressed disappr"baiion nf
the resolution, but thought that il the ingui~
Ty were commenced il should he carried iul-
ly nut, and he should therefore propose, hy
way Of amendment, the following =
land that they also report Ia the House
all correspondence between the Executive
/ Department OF the Federal Government. or
; any ofilcer or agent thereof and The Bank III
Virginia, and Farmers Bank OF Virgins,
and also into all correspondence between tfss,
said Banks, and any other Depesile Bank OF
the Federal Government, or any officer or
agent of such Bank, and OF all contracts, a.
greements or arrangements entered into be-
tween said Banks" .
MIR. WooI!olk did no, like that the amend.
ment just subT tilted should he connected
with his resolution, as some Of those " no adj
vocated the hard money currency would
make an objection 10 LIE amendment, and ex-
cuse themselves for voting against his Teso-
luton by saying that the amendment as
obnoxious.
! Mr. S"oker asked his friend from ORANGE
10 accept the amendment of the gentleman
from PhtSylvania. lie was for full i,out-
ry.
MIR. Voolfolk could not accept ,he a.
! MIR. WiIcher urged the propriety of his
amendment
Mr.. Rives--could not imagine tha. aox
useful purpose could result irun The inouiry
proposed IN the The resolution of the gentle
man from Orange. lie unde rsio,,s III fru,n ,he
gentleman from Pitisy lyania, that he onfy
desired the adoption al his amendment, in
case the original resolution should be pas
sed he was surprised at The perlinacirY
with which the gentleman lIOm Orange a,i-
hered TO the objects OF this inquiry. In or
der he said 10 settle the question as soon as
possible, and test The sense Of the House, he
moved that The whole subject be indefinitely
postponed. Mr.. K. then went intos long
argument TO show the unnecessary character
OF The inquiry,
Messrs. Booker and Voolfolk replied TO
remarks OF MIR. Rives
AT Mr.. Mays suggestion, Mr. Witcbey
withdrew his amendment.
The debate " as then continued by Messrs
Kives, Garland, Bayly of Accomack, and
Harrison.
! Mr.. Rlves withdrew his motion for intlcfis
nile posiponemeni, declaring his willingness
10 vote directly against the resolution.
Mr Harrison moved to amend the resolu-
ton by striking out all in italics, and insert.
ing "whole amount due by any one indiyjd.
nal OF ten thousand dollars or more, end
whether loans exceeding that amount had
been made 10 any officer Of said Banks or OF
this Commonwealth, and w hat is Tbs pr essen,
condition Of said debts"
Mr.. Voolfolk called for division OF fhe
question, which confined il to striking out
which was decided in the affirmatiye-ayes
Ga, noes 81.
Mr. Booker moved thai the resolution be
iaid on the table, convinced, as be said, that
mere was no chance Of getting the inlorma-