Martinsburg gazette. [volume] (Martinsburg, Va. [W. Va.]) 1833-1855, 1837-06-21

days. =,
ION Mr.. Murdaugh's suggestion, the
resolution was SO charged as to make
il Joint Committee. Mr.. Gariano
arquiesced, and amended i according
Ivy
Reso1eed, That Select joint Com
mittee be appointed with power TO SEM
for persons and papers to examine into
the condition oftbe Banks of this Com
nonwenjtl, 70 take into consideration
he penalties and forleitures incurred BY
the said Banks, in consequence OF the
suspension of specie payments; will
leave 10 report thereon by bill or 9th
erwise.o
Mr.. VOOLFOLK moved TO amend the
resolution, so as to extend the examl-
nation into the condition Of the lndlvld'
ual dealers of the Banks. lie SAID,
tho solyency OF the Banks depends up
on that Of their debtors and the course
Of the Legislature should depend upon
the condition ia which the Banks we're
found, on a satisfactory examination.
He would, therefore, propose to amend
tas resolution, by adding: And that
the said Committee be instructed fur
Their II enquire into the individual ac-
counts of the dealers of these Banks,
ascertain the amount of their indebted.
ness, and Of their liabilities, to the said
institutions" &c.
Mr.. SMITH (of Isle Of Wight moved
to amend still further the resolution,
by instructing them "io enquire into
their solvency or insolvency"
Mr.. MILLER enquired ifthe "solven-
cy" referred to the Banks or their Deal.
ers, (apd on Mr.. Smiths observing
that il was the condition ofihe Dealers
which was to be investigated - Mr..
Miller enquired, whether they had not
better appoint Master Commissioner
in Chancery at once, and how long a
Time the gentlemen supposed the exam
nation would take.
Mr.. GaIGcs said, il would take at
least three months to go through with
it.
The question was then taken On Mr..
Woolfolk's amendment, as amended,
and it was lost By the following vote
Ayes 80; Noes So.
On Mr.. GARLANp's motion, his res
olution was amended, 50 as to take the
examinations on "oath. And thus
amended the resolution was adopted,
without a division.
MIR. CRuTcHFIELD presented me.
m0riGi from tho Town Council and
sundry citizens of Falmouth, praying
the passage OF an act TO authorize the
issuing of Fredericksburg Corporation
Tickets -Laid upon the table.
On Mr.. MuLLEN's motion, the House
took recess til 4 O'Clock, to give the
Senate time to act on the Joint RcsoIu.
ton.
EVENING SESSION,
A Message was received from the
Senate, stating, that they had agreed
TO the Resolution Of the House, for the
purpose Of appointing Committe to
investigate tho situation OF the Banks.
Mr.. OAKLAND moved, that the rule
Of the House be suspended for the pur-
pose OF appointing a Committee, (under
his Resolution,) one from each Con.
grcssonal Which was rejec-
ted.
The following gentlemen wero then
appointe!-Mcssrs. Garland, Wool
folk, Rives. May, Stanard, Griggs,
Murdaugh, Harrison, Miller, VenabIe,
Davis, ChfutchfeId and Smith of |. of
w.
Or motion Of Mr.. WooLroLE, the
following resolution was adopted:
Res9lued, That the Select Commit
teo to examine tho Banks be instructed
to enquire and report to this House
how many debts there are due the
banks in this city over the sum OF ten
thousand dollars, and when those debts
were originally contracted; the amount
of each debt over that sum, the names
of the person or persons who owe the
same, who are bound for the same, and
what kind of paper it is due on:
"That they further enquire and re.
port how much Of the debts due the
Banks were loaned by the Directors,
and how much by the Presidents and
Cashiers, OF the Committee appointed
to purchase Bills:
That they further enquire and re-
port whether there are my instances
Of Bills having been paid by DRAFT or
Bill on drawer and seller of tho said
Bills, and ifso, how frequently, and the
names of the individuals whose Bills
have been thus paid"
Mr.. WIrcuER offered the following
resolution, which was adopted by q
vote Of Sc to As; on which there was
considerable debate, in which Messrs.
Witcher, Voolfolk, Moore, Stanard,
and Mallory took part; during which
some Federal Politics were discussed.
Resolved, That the Committee on
the Banks be instructed to inquire into
4 r.