Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1838-02-10

was not IN virginia
Mr.. E. then went on to tie particular detail of &C.
counts aud calculations in order to overthrow the state
ments made on the other side Of the question Mr.. +.
criticised the plan proposed Tor raising the FUNDS, VIZ
TO borrow per cent. and invest ut per cent lh!s
plan Mr. E characterised iIusory. The particular
,,lans and improvements suggested, next fell under the
attacks of Mr. Z all the difficulties and probable tail.
urc of which, and apparent causes OF such a'!ure Mr.
+ detected or seemed to detect and pointed out Again,
the present crisis OF universal ruinand bankruptcy which
now oversrread the country, was not, Mr. T. Thought,
favorable time 10 bring forward such plan as this An
increase Of taxation would be the RESULT because no re-
anrc for funds could ought to be placed The Sur
Mus Fund as il certainly loan: ana not donation.
The expense of these Railroads was another consider.
alton which amounted on average 10 $3.50 per mile
pcr aDnum Such was the expense for repairs alone on
Le PENNSYLVANIA Railroads. where the receipts must he
far be yord what any road Virginia can even expect
to command Here Mr. T. examined the accounts ana
CONNER ,ed upon the proceeds and profits Of different
Railroads in existence, arguing from the whole, that
these Railroads, if made IN Frg mia, would never pay;
would never support themselves; and would become
chargeabe 10 the State, else must be abandoned and
left TO rot Mr.. Z. Concluded by an animated appeal
in behalf of Old Virginia, deprecang the dolorous Ian.
guare he had heard applied 10 her, as being dormant,
ruined, DC
Mr. SEGAR now withdrew the motion TO indefinitely
nnslpone and moved lay the Report upon the table,
with the intention of calling il up Tomorrow MI. D.
adopted this course in preference 10 entering upon his
reply at the present time, which would occupy MN Sc
yeral hours The Report then laid upon the table
bill amending the charter of the Wheeling Savings
Institution coming up on its second reading, MI WAT
KIYs moved 10 lay il on the table. ~
Mr. McCoSSELr explained the Object OF the bill,
which was place the discounts Of the Institution IN the
situation of negotiable bills, in the same way as was
granted 10 all other Banks. No damages or COSTS be-
yond the ordinary of protest were allowed by this
bill It could not therefore be alleged That this was dan
gerous power
Mr. SMITH Of of W., thought that the bill ought 10
be rejected at once, and not laid upon the nbe Mr. 3
then entered generally into the subject of Banks, main
tanning that they had of late years, been gully of usu
1ious practices This originated entirely from the Prac
tice and example Of the u States Bank which first be.
gan deal in bills of exchange, or as they were COM
monty called, trace horse bills"
MIR. VEsABLE adver!ng 10 the circumstance that The
question relating to Savings Institutions, would be re-
ported upon shortly by his Committee suggested that IN
the meantime The better would he 10 lay Inc Dill
on the table, which thereupon agreed to.
The SPEAKER laid before the House the following
communication fsom the Cashier Of the Farmers Bank
FARMERS BANK Va,
Richmond, Feb 9th, 1888. !
Sir-In the absence of The President who Is confined
BY severe Sickness submit 10 you the statements re-
qured Of him ON the part Of this Institution, oy fes'