Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1837-06-29
THURSDAY, JUNE 30.
From Tie Mc3monI Inn


n From tae Richmond IJHig.
Some proceedings of interest took
place to-day upon the subject of allow
ing the Banks 10 issue small notes dur
ing the suspension Of specie paymenlsi
MIR. Bots declaring his change Of opin-
ION as to the propriety Of such issues,
from facts which had come under his
immediate observation, moved 20 re-
consider the vote rejecting Mr.. Miller's
resolution on that subject, aud several
other gentlemen having expressed their
belief of the absolute necessity OF such
a measure, the House agreed to the
reconsideration.
Mr.. Miller briefly stated the reasons
which had induced him TO favor the
measure. The passage of the Stay
Law had rendered this step necessary.
The Legislation referred TO. was for Tie
benefit of the bank note holders, and
the large class of poor would be forced
into the hands Of shayers. He wished
"a put all classes on an equality. II
THIS were denied, II was useless 10 talk
about democratic doctrines. Mr. NJ.
was in favor of Banks upon a specie
basis. He had been willing 60 make
a fair experiment to exclude small
notes out the times had compelled us
10 discard mere abstract notions I'm re-
gard 10 bank paper. and to &C; practical
~ HIS objecs was to relieve his con-
stituents and the people generally. II
we wait until next winter, the change
IN the meanwhile would be gone and
great evils would result. Let us. then.
do what We ought now. His object
was TO guard the bill in the stiictest
manner both as-to amount and time.
He would impose penalties to make
the Banks redeem their notes. Thus
guarded. he thought infinite benefit
would accrue.
MeLsrs. Crutch6eld. Tunsiall, Wills.
Murdaugh, Boyd. Wilson Of b., Fisher
and May supported the proposition,
which was opposed By Messrs. New
man, Watkins, Harrison, Voolfolk and
jesse.
Messrs. Mallory, Vaughan, Cooies,
Dortnan and Benton explained the rea-
sons which had induced them 10 vote
for permitting the bill to be brou lot in.
The resolution was modified at the
suggestion Of Mr.. CEugch6eld, end
adopted in the following form--ages
81, noes 81: .
Resoirsd, That leave be given 70 bff6gin Q
bill 20 authorize tie several Banks OF chs
State 70 issue notes OF one, tNo and three DOL.
lars, 10 limited anIouat, uniii The resumption
u specie payDsnts BY the said Banks, or the
law shah otherwise provide. ~
The Committee was then appointed,
and consists Of The following gentle
men-Messrs.M Miller, Crulch6eld, Bolts.
Tunstall. Fisher Wills, Boyd, Mur.
daugh, May, Slanard, Stuart, Samucls
Of W, Smith Of =. and Pendleton.
Upon the passage Of the resolaion,
Mr.. Voolfolk declared that fIe believ.
cd the session would produce mora
harm than good lie therefore moved
that when Che House adjourned. II
should adjourn, with the consent of the
Senate, sins Die. Every day produc-
ed some revolution Of sentiment, and
be believed lhal la three days more
any scheme, however Wild, wsuld meet
with favor in lbc houss-notwilhsland.
ing is conflict with their opinions wher
they lef home. lie imputed Il q
some unaccountablo influence Of Rich.
mood over the minds OF members
Various voices amongst the Demo.
crazy vocllefaied agreed agreed ~
Mr. Miller, feeling Justly Indignant
at the impulation Of undue influences
gave q brief Cot piquant rctort. ih,
force aud propucty Of which seemed
60 be generally acknowledged 81,
thought it unfortunate that revolu
ton could not take place in the opin
ions Of some gentlemen, " hich woul,
produce useful results II was %,
much The fashion TO impute 70 gentle
men opinions derived from other per
sons. a few only could be pure. whils
al others acted under dictaiion n,
hoped the gentleman from Orange d.,
not mean TO charge such influence
upon him. lie bad introduced The ne
solution from q conviction Of SIS pro
pretty, and h. was prepared 10 defen,
il on the floor or elsewhere lie be