Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1838-02-13
TuD CT.lrES

IHpIAyA.-Thc Senate have decided by vote OF ii
to l5 that the suspension of specie payments by tne
Banks in that Suite ustifube and necessary On The
2Gth ult the Bank Investigation Committee nude the
Report to the House, Of which 1000 copies ordered
be printed Some dispute has arisen about The chnacte
of the Madison road The Select Committee had report
ed hill changing it from Railroad 10 Mchdamized
ro,d A n amendment proposed, to leave the cha
racter of the road from Madison TO Indianapolis to the
Board; and if the Board determined upon Rail roud ii
should be Rat-tar Railroad and that The road from IN
di,napos north should he changed to McAadanzed
The whole subject had been recommlled 10 Sc
Oulo-A resolution has been submitted 10 the House
bv MIR Fooe (which elected a warm and lengthy dc.
bate. 1t proposed an inquiry through select commit
tee as to the expcdiency OF extending facilities 10 the
Banks Of the State protect them against the opera
tons Of tie sub treasury and specie circular schemes,
and to alleviate the suerings and wants OF The people
1t out in the course OF debate hat ts was 10 DC
done by putting the Stale in the character OF endorser
for The banAs-auorizng them TO issue post notes, or
to issue notes rcdeemas upon change Of policy by the
General Gorcrnment-Nlr Ford has also submitted TO
the House, resolution OF inquiry into The expectancy
of authorizing by law the Banks OF this State to close
up their concerns, and divide their stock; and also ~
inquire what law if any, be necessary 10 enable them
so 10 close their business and divide their stock ii
also elected spicy debate but, in order TO prevent
an unwarranuble panic in the public mind, which II was
commended il might produce, Mr. F. subsequently Will
drew it.
KEXTucKY.-The bill TO relieve the Banks from the
disabilities incurred by their suspension OF specie pay
ments has passed both Houses of the Legislature. 1t
was proposed to fix upon the ls day of July next as the
period on or before which the Banks should be compelled
10 resume or else forfeit their chartered rights but this
amendment rected. 1t finally passed with this
proyiso that the Banks in Kentucky shall be compelled
10 resume simultaneously with the Institutions OF The
other States The Lexington Observer deprecatcs the
attempts which nrc making by individuals under such
circumstances TO wiring the specie from the vaults OF the
Banks. Suits To the number Of AZ are said 10 have
been instituted against III. Northern Bank Of Kentucky,
to recover specie on account Of Deposites.
TESHEssEE.-The Legislature ad ourned yesterday
week Among the most alutary acts Of the session. is
bill suppress the sale ind Of Bowie Knives. The
Nashville Wing trusts, tint sits provisions may eftctu-
ally stay the and sale OF OF the most bloody IN.
sumens Of death known 10 the present age; and every
friend of humanity and good order must rejoice that the
practice Of wearing this arbarous weapon has been rem
dercd misdemeano ant It's use, in any ray, FELONY
by the Legislative action q the State.
MARlLASD.-The following Message was transmitted
on The I'd inst by the House of Delegates TO the Senate
"Gcnlcmen of tie believing that the present
is proptous period of tine Tor tile establishment OF
Real Estate Bank, Stae Bank, propose with The
concurrence Of your Honorable body 10 appoint joint
committee confer upon and endeavor To propose such
a system OF banking and financial operations, might
meet the appreciation of the Legislature
Ii seems to be ADMITTED that, under due and proper
restrictions and limitations the the other Of those
propositions mig t be adopted and made auxiliary TO The
general welfare. Whilst many object TO the Real Es-
tate Bank the Of ex2edency with reference TO
the extension Of the public credit which il would neces
sarly require that objection does apply TO Stale
Bank the State possesses within her Treasury album
dant for such purpose, and the accredited acton
of such institution mi elicit resources which are
latent unknown, smulae enterprise, inv gorae in.
dustry, and eminenty promote the prosperity and hap
piness of the country.
"1he basis of State Bank might consist Of the seve
raj funds and cash deposited, together with all invest
menls of The public monies Tor revenue and debts due
from individuals and corporations, which would cons
the effective TO greater extent than are pos
sessed by all the banking corporations within the State
and with view 10 reduce the amount OF such Joint
stock capital, more OF such companies might
be purchased with State se:uTIlIes and merged in the
! public institutions.
PExysyLvAyIA-A joint resolution was presented in
The Pennsy lvana House Of Representatives Monday
last by Mr. Garreson of Ioga, declaring the charters
Of The several banks Of that State so far us they confer
banking privileges, TO be forfeited null and void except
for the purpose of winding their Proridcd
That any of the said banks may its charter on
or before the lsL day December next, by complying
with certain restrictions and conditions. The resump.
ton of specie payments doubt is one Of them-but
the resolution has not yet been printed.
Mr.. Gilmore one Of The Democratic members, sub
med resolution the 9th inst, similar in most re-
spccts MIR. Jolnsons. The resolution instructs the
Senators in CONGRESS and requests the
4" to and their influence for postpon.ment I'M
til the next session Of Congress- Of the aforesaid e
SubTlcasury billy or any other act or acts that nay
shall be introduced in its stead Mr. Gilmore cared il
up the St the House decided To take 1t up BY Vote
81 40 10 4l-when the following proceedings took plae.
as stated by Correspondent Of The Pennsy vanan, II
Harrisburg:
"1he House then went into Committee Of the Whole
on the subject, Mr. Porter in the chair. Mr.. Gilmore
modified his resolution by adding the following words
"Unless the be altered 10 make certain
Banks 10 be designated in the manner specified in the
substitute offered by Mr. Rres, special repositories
the public monies but SO modified as to prohibit uude
| opIt iaI
said Banks from dscounting The public deposits or ir
any using the same for Banking purposes; re
curing also Tie stricest accountability, settlements a
short Intervals and the immediate converbilty OF al
balances into SPECIE to be used by the Government SC
not to affect njurously the interests of the conmu
nifty.
''Mr Ryan moved to substitute his resolutions ap
prOring Of the Sub Treasury System, which was lost.
'On motion, the Committee rose, reported progress,
| and asked leave 10 sit again.
"Mr Hopkins moved to discharge the Committee Of
the Whole, and refer the whole matter 10 Select Com
mittee: with instructions TO report Saturday next
| This was lost, ayes AZ, noes 90.
''Alr Leech moved to postpone the whole subject in
defnl.e "A question Of order then this
lon.-rhe Speaker decided that the motion in or
der.-Mr. Stevens and Mr. Johnston appealed from the
decision of the Chair. The decision was sustained
Ayes AZ, Noes 4G. The question recurring the mo-
ton to postpone Acknowledgement 10 adjourn were
made four successive times-each time the Ayes and
Noes were Called and each time the motions were lost
"Mr Crabb Of the city, and eleven others, all Federal
lists, moved the previous question, which sustained
Numerous motions then made to adjourn, but were
not agreed 10. The main question put granting
the committee leave TO sit again, and negatved-aye
40, 80. Every Federal member voting in the ne
gatire. The effect of refusing the committee leave tc
sit again. is to bring up the Resolution on second read
ing. or the seven absent members, six were Demo
crats-helr presence could not OF course have changct
the result. Seven members elected by the Democratic
party voted with the Federalis,s they are as follows
hessrs Curtis, Garrettson, Gilmore, Johnston, Porter
| Reed of Philadelphia, and Sebring" Crhe House ad
journed nbout3 o'clock in the mighty
The Philadelphia Gazette eneItains no doubt Of tn
passage of the resolution, and says they will pass til
Wing Senate Of course"
The Reform Contention are engaged upon several mis-
cellaneous parts Of the Constituton.-Upon the amend
tory clause motion made 10 strike out the 10Th ar
hich rennires snccessiue