Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1837-02-11
VIRGINIA LEGISLATURE.
HOUSE OF
Thursday, February9. 1887.

rrauiring the Board of Pubic Works to cause an cxa.
mination, by a competent EnginceE. Of the Winchester
and Parkersburg Road, with 4 view TO widen and par
TALLY Macadamize The same, and ascertain Tie probable
cost thereof.
On motion of alr. BORIS, the Committee Of Agricul-
turr, &c, were instr ucted to inquire in the cxpedlency
of Incorporating the Marshall Manufacturing Company.
On motion Of Mr.. WrL,oS of B the House took up
a resolution offered by him some days SINCE in reference
to the propriety Of the States purchasing the stock o!
the James River and kanawha Company.
Mr.. WooLroLK moved to postpone the resolution in
definitely which motion was sustained by Mcssrs.
CrulchEclJ and Stanard, and opposed by MIR. Wilson.
The ayes and noes being called for by Mr.. Wilson,
the motion 10 postpone was decided in the affirmative
ayes 80, noes 10.
On motion of Mr.. RlyEs, il was
Resoiccd, That this House will, on Friday, The I7lh
instant, proceed, b.. joint vote with The Senate, to the
election Of a member Of The. Executive Council ir three
years from the 3lst March next, to supply the vacancy
accustomed by the expiration Of the trrin Of service Of
: Wyndlam Robertson, Esq.
On motion of MIR. ASDEKsos, the engrossed bill to an.
tllurize a subscription on behalf Of the State, 10 the stock
Of the Louisa Railroad Company, was taken up.
Mr.. VOOLFOLK said that one of the gentlemen from
AIbernarIe wished 10 offer Il ryder to that bill, but not
having his proposition here at present, MIR. w. mo"ed
To lay lhe bill on Tie table.
Mr.. RIvEs said he was DESTROYS OF adding n ryder in
Which his constituents were interested. lie hoped that
the bill would lie laid upon the table until Tomorrow.
Mr.. WATKINS raid, this bill was the first Of the kind
Introduced lIlS seSSlOIj u DIS IL W Il uouolUesS ltl1uc
to offer a proposition in the ryder to carry the railroad
to Charlottesville, which he was certain would not sue.
coed, he hoped the House would not lay the bill on the
table, but allow it to pass, as the modification might be
offered in the Senate.
The motion to lay on The table was then agreed 10.
Subsequently Mr.. VOOLFOLK appealed TO the House,
10 lny the bill on The table for an hour, until the ryder
could be offered.
This motion, after some conversation, in which,
Messrs. Watkins, Crutchtield, Rvcs and Harrison took
nart a. aUrprd TO.
BANKING OSCILLATIONS
The engrossed bill prescribing regulations for the in
corporation of Banks was taken up-Mr. SMITH OF Isle
Of Wigh,'s motion to fill a blank fixing the proportion of
paper issued To the specie on hand. with the word "fIc0,
ESQ as 10 authorize the Banks 10 issdr two dollars IN
notes for one dollar in specie in their vaults MIR. l!rH.
TIERS motion TO fill with the word l. three and Mr.;
YxsApLE's motion 10 fill the blank with the word 'Jour:'
were pending.
Mr.. DAyExPoRr moved to fill The blank with the word
"fre," and sustained his motion With some brief re-
marks.
MIR. SMITH Of Isle Of Wight, supported his motion TO
fill with the word 'two,' al considerable length, and
read various statements, 10 shcw that no injury would
be caused by the restriction proposed oy him.
Mr.. lIuRARp replied at some length, and argued that
the largest multiple ought u be ADOPTED, TO enable DanhS
TO operate benc!iciallv
Mr.. HEATER supported the filling the blank with
'hrce,' and spoke at some length, to shew that this
prnpurtion would enable banks 10 nperaic prosperously.
Mr. STANAKp supported the motion 10 fill with the
ward GIVE" and referred 10 various documents to prove
that tlie best conducted banks in this country had been
maraCrd with safety and benefit, with 4 lnnch larger
proportion Of paper in circulation. lie also urged that
the restrictions proposed, would prevent any banks
which might hereafter be chartered, from going into
operation.
Mr.. MAY advocated the motion to fill with five" and
pressed upon the House the experience OF the dement's
which had been derived iromthe practice IN that partl-
cuIar IN To the present time; and the evils likcly to arise
from The restriction proposed by the gentleman from Isle
Of Wight.
Ar. SrGAn ARMED That the adoption Of either the mo.
ton to fill with two" or that to fill with 'llrer, would
he IN ctf,ct to destroy all hope of an increase of the
banking capital of the State. lie believed the present
banks would not accept additional capital under such
restrictions. MIR. S. moved to fill the blank with the
word "Six."
MIR. CAErEg advocated the motion to fill the blank with
the word s. five aud read Il statement which he had
made of the injurious consequences OF il greater re.
striclion.
strictinn proposed by him would not injure the banks;
that they could operate safely and probably under il;
and referred TO documents to prove that the present
banks had been in n prosperous condition., when n simi-
lar proportion between their issues ami specie had exist.
cd. He then withdrew his motion to fill with "two,'
that he should be satisfied 1t the blank were
filled with the word 'lbrce.
Alter some further remarks from Mr.. SEGaR, who
withdrew his motion to fill with "slx, IN a sPlIit OF
CONFERENCE.-The ayes and noes having been ordered by
Mr.. BOOKER, the vote was taken on filling with the
word Give" and decided in the negalive-aycs ~, noes
Is.
The question then REQUIRED on MIR. VESaRLEs mo.
ton to fill the blank with The word "lour.' This mo.
ton was sustained by Messrs HAERisoS and WirsHEKr
and the ayes and noes having been ordered, on motion
of MIR. BOOKER: the vote was taken, and decided In The
afirmalivc-Aycs ~, noes 81.
The blanks for the number OF Directors OF tbe Mother
Banks and branches, being next 10 be filled, Mr.. MAY
moved to fill that Of the former with nine, and The lat
ter with Sren.
MIR. Sr.sApp moved to fiji. those blanks will, hkirHen
and nine.
Aner q few remarks from Messrs. SrAsaRD and Mar,
this motion was negaliyed, aud the House agreed to Mr..
Ms motion.
Mr.. MAY then moved 10 fill the blanks for The attn-
Der of the directors To be appointed by the Exrcu-
tive, with the words "thres" flor the melher banks. aud
"tro' flor The brantlles.J
Mr.. WATKINS moved to fill the blanks with Tie words
"foc" and "three." .s4..-
On This motion considerable debate occurred, IN winch
j, was opposed by Messrs. May, Slanard, HUBBARD, Sc
pnr and Smith Of Isle Of Wight; and supported by
Messrs. Cox, Watkins, Crutcbfeld and Wiley, during
which the adjournment was twice moved and rejected.
The question being then taken on MIR. WATk.Ss mo-
ton, the vote stood, ayes 81, noes 52 ..
So the motion was decided in the negative.
MIR. WArKrss then moved TO fiji the first blank with
the word " four.
After an unsuccessful motion by MIR. CnArMss o'ad-
journ.
On motion Of Mr.. VOOLFOLK, {who said shis was a
most important question, and ought 10 be decided by a
full House, the bill was laid on the table by a vote OF
81 to AZ. .
On motion Of Mr.. VOOLFOLK lat a quarter before ~
the House adjourned.
Friday, February 10, 1887.
On motion of MIR. ASDERsoN, the Committee OF AgH'
culture and Manufactures was instructed to inquire into
the cxprdicncy of Incorporating The Walton $ New Gold
Mining Company in the county of Louisa: -.
On motion OF Mr.. WILsoa Of g., the COMMITTEE OF
Roads, &c, was instructed 10 inquire into the expedI-
cncy OF ins,ructing the Board of Public Works to pay 4
ra,rablc portion Tor the rebuilding Of the Gainesville
Bridge, and of other necessary expenses incurred by the
Gainesville Bridge Company.
On motion of MIR. McCANpLIsH the Committee Of
Courts of Justice was instructed to inquire into the ex-
pcdiency of requiring all persons who may be hereafter
commissioned as Justices of the peace in this Common
wealth 10 qualify 10 their commissions in a limited time.
On motion Of Mr.. COOPER the Committee Of Propo-