Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1838-03-10

his substitute for The bill.
Mr. SMITH was willing temporarily TO withdraw it.
Mr.. May hoped the question would be taken on the |
substitute; ind on This question
Mr.. WATKINS called for the ayes and noes, hoping it
would be rejected and the orgiS bill be passed.
The question on the substitute of Mr. Smith, was |
then tnken, and it was rejected-Ayes 10, noes lO9
Mr. EDMuEps then offered the following amendment: |
"Bs it further enacted, That every Bank which shall
avail itself of The provisions Of this act shall regu
late lis lonns and discounts that the whole of its
outstanding debs shall al time before bona fde
sumption Of specie payments exceed the amount the
first day of January, 1888.
MIR. VErAyLE opposed the amendment and moved 10
amend il by striking out first day OF January, 1898,
and inserting in lieu thereof, first June, 1887
The ame ndment opposed by Messrs. SMITH OF ].
Of W., and Watkins, when Mr. EpMusDs accepted the
amendment 10 his amendment
Mr.. SnERRARp then offered substitute for the above
amendment, follows:
find be it further er.actcd That every He nix Bank
ing Company in this Commonwealth shall regulate lis
loans and discounts that the whole amount thereof
shall liIne for the space Of sixty dnys while said
Bank or Banking Company fails refuses TO redeem IT'S
notes and other liabilities in specie exceed the amount
Of its lonns and discounts on the LIST day of June last
except the Northwestern Bank which may increase Ills
loans and discounts to the amount Of any augmentation
Of its capital actually paid in under the authority Of the
entitled IAN act increasing the banking capital OF the
Commonwealth passed March 25lh, 1887; and the Bank
of the Valley which shall be authorized increase It's
loans and discounts by the amount borrowed by said
Bank under The provisions Of The act aforesaid during
the continuance Of said Loan
debate hereupon ensued and the substitute, as well
as the original amendment, were opposed BY hlessfs
DANIEL, VEsABLE, CRCTcHFIELD, Boris, hlcCoSSELL,
SMITH Of Isle of Wight and WATKINS, and sustained BY
Nlessrs. SHERRARD and EDMUHDs The question on the
substitute being taken by ayes and noes was rejected
Ayes IL, noes 1Us.
The substitute of Mr. SnERRARD being rejected
MIR. DANIEL then offered amendment to Mir. Ed.
MUSDss amendment, as follows
abe further cnacted, That every Bank which shall
avail itself OF the provisions Of this act shall so regulate
It's nans aud discounts that the Of its out.
standing debt The LIST Of January, 1885, shall
coed the amount Of It's debt outstanding The Isl Of
July, 1887.
debate ensued on this 10 the amendment
Mr. RASDoLPH expressed wish 10 offer an amend.
| ment TO The amendment TO The amendment, but the
SPEAKER informed him il was not in order.
Mr. STUART proposed modification, by inserting q
provso for The exception Of Banks which may resume
| specie paymens-io which MIR. DANIEL acceded.
| Mr. May suggested another modification by inserting
| 8: LIST January, 1898, instead Of July, 1897.
Mr. DANIEL accepted this modification also, and in.
serng it in his amendment accordingly, which, after
under going these several emendalionS, additions and
corrections, at length Stood as follows:
"Be further enact.d, That every Bank which shall
avail itself Of the provisions of this act shall regulate
its loans and discounts that the amount of its out
standing debt, the Isl of January, 1882, shall not
coed Of lis debt outstanding, the LIST Jan.
uary 1875: PrOrided koverer, That this SECTION shall
not affect any Bank that SHALL before the first mentioned
day, bOnq fdc have resumed specie payments.
The amendment To The amendment, thus modified, was
opposed ny Mrssrs EDarNDs aud McCuSSELL, and sup.
| ported by Mr. MAY.
Mr. CoOTEs called for the ayes and noes, which were
ordered and The amendment, Of Mr. Daniel 10 The amend
ment Of Mr.. Ednunds carrIed-Ayes 80, noes 20
Mr. MALLORY then 10 call The previous question;
hcreupon debate arose, in which the call opposed
by MesSrs BORIS, VOOLFOLK and RiSSEY, and sustain
ed by Mcssrs May, SMtru Of l. Of w. and MALLORY
Mr.. SMITH called fur the ayes and noes; which were
ordered and the question being TAKEN the call for Inc
Previous Question was not susained-Ayes 50, 81
The House then agreed to proceed with The Bill, the
! Parliamentary rule hrng, that call Tor the Previous
Question wdraws the subject from before the House
| for the presently
The question now being the adoption o! MIR. Ed.
MrSu. amendment, as amended by MIR DANIEL,
MIR. McCoxsELL opposed The amendment, and offered
! amendment, as lJ!lJws:
"Iud prordcd further, That nothing in this act shall
be CONSTRUED 10 proIlIb the North western Bank from
d,scountng upon the slock subscribed by the Common
wealth. in pursuance of the act passed at the last SEES
son authorizing increase Of he capital stock Of said
Bank"
MIR. SHERRARD su ggpsed modification 10 this amend
ment, which was oppnsed by alr Smith Of |. of w., at
whose suggestion Mr. Mcdonnell withdrew liz amend
for The present. expressing his INTENTION oil Offering
| il nn another occasion.
The question was then taken by ayes and ;ie
adoption of Mr. Daniels amendment above, aud it
was adopled-Ayes 50, noes 81.
Mr.. VOOLFOLK moved 10 amend the bill by inserting
at the end of the first section the following amendment
9nd prorded 1aoreorer, The Legislature shall a We
the power repeal alter amend the charters OF all
The Banks who avail themselves Of this act al its will
and PLEASURE.
On this amendment nr. W., after several strong re-
marks in its support, called for The ayes and noes, which
/ were ordered The question being taken, the above
amendment was carried as follows:
.3yss-Nlessrs Banks, (Speakrr) Ponlson, Rlves
! Randolph. Holloway, 1aaierro, Kinney, Byrd Shanks
Pryton, Triplett Tarr Iurnbul Mallory, Thornburg
| Cox, Caseman, til Vaughan, Servant, Sangster
Spencer, Edmunds White, Harrison, Flowers, Smith Of
/. of W., Lucas, Wright, Sandwich, Allen, Mcdonald
Goodwin, Orgain Newman, Hudgins, Fisher, Garland
| Burwel Morgan, hapman of Monroe, Barnett, Buck
Hodges, Murdaugh Alexander, Fitzgerald, Voolfolk
Mcpherson, Adams, Mccoy, Cubell Cay Fairfax, Wii
ams, Storms Mcdowell, Cootes Thomas Gray, Cul
berlson Conn, Crawford, Clayton Bailey of S Prince
Wiuen, Ripley, Goodson. Gleaves-To
Noes hrssrs. Bayly Of A., Je,cr Stuart, Mitchell
Cobbs, Frya,t, Snodsrass, Yancey, Daniel, ChealIam
Corbn, Dougluus, Wilson, Lorimer. Marshall, D'gges
Paisley Sherrard. Watkins, OdeIl, Mullen, McCandIIsh
Bolts, Smith of K, Taylor, Conway, Luckett, Beard
Taylor of L ;, Raymond, Brown Cunningham Watts Watts
Mcdonnell, May, Eenable Stands, Robertson, Davis
CrutchieId Ford, Walker, Mayberry-43.
Before the ayes and noes finished calling, il icing
evident that Mr.. WooLroLKs proposition was carrec
| by great ina orily,
Mr. Boris, by leave Of the House, said he now beg
ged 10 apologize TO his constituents Tor permitting ns
Extraordinary this monsous proposition 10 be put TO the
vote whouany debate He could not have believed there
were ten men 10 all Virginia. who would have voted tor
such proposition lie had taken it for granted that II
would be instantly voted down go
Mr.. VESABLE made effort speak, but was Obliged
| 10 resume his seat.
Imned uley after the call Of the ayes and noes was
ended and us soon The above result declared BY
the Clerk, (ayes Is, mes 43)
Mr.. PEYruS rose and moved reconsideration OF The
vote just given
A debate ensued, in which the motion To reconsider
was sustained by Messrs FESABLE, BAYLEY Of A., Ms
sEY, STUART, BORIS, CABELL, WHITE, May, and Nc
DuwELL, and opposed BY Messrs. HARRrsoS, WooLroLx
LUCAS, SMITH, of |. Of W., MuRDAvcH, and MALLORY
lMr MALLORY subsequently said he had changed hi'
mind, and should vote for re reconsideration