Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1838-03-20


whatever to 60 to such an enormous expense, moved 10
10y the resolution on the table, which was agreed to-
Mr.. Mcdowell, from the Select Committee on the sub.
rci reported bill TO provide for the Public Printing OF
ted.
MIR. TAYLoE, from the Select Committee, to inquire
into the exPediency of explanatory declaration Of The
right Of suffrage existing under the Constitution, or
Of any change in the existing laws relating 10 elections,
which might tend to lessen The number or facilitate the
decision of contested elections, made report.
The report concludes with the following resolutions:
Resored, That The 32d rule OF the House be tescnd.
ed; and, instead thereof
Resolred, That Select Committee shall be chosen for
the decision Of contested elections If any petition be
presented complaining of the undue election of mem
Resolved, Tha. said Select Committee shall be chosen
in the following manner, viz:
l. When the petition is presented day shall be ap-
pointed for tukng the into consideration, ana no.
tce thereof given TO the parties.
On the day des gnaed, if there be mol al least one
hundred members present, there shat! be Gull OF Inc
House.. When the required number Is IN altehoahce
the of all the members present. written on sepa
rate pieces OF paper shall be deposited IN hahol oo3
The Clerk shall then draw the names OF Az ne ST.
ting and contestng members for cause oeemeu SUI
cient by the House. set aside any eneer OF e tiouse
may excuse any member for good cause Other names
shall be drawn 10 supply the number SET as!oe or
ed. After the Of 40 are thus oolaineo the sttn8
and coniesting members may each select one rom
IL,
drawn If either fail TO select the pace shu be filled
By ballot as above From the 40 members thus chosen,
the sitting and contestng members shall alternately
sI,ke off one, until The number IS reduced 20 10
The said Is, together with the two nominated by the
parties shall be Select Committee to try and deter.
mine the merits of The return, according to the evidence
submitted to them the Constitution and the Laws.
g. The Select Committee shall elect its Chairman, the
member frs, drawn in the House having casting vote
in the event Of tie in said election.
4 In each and every contest Select Committee shall
be constituted in the foregoing manner.
Petitions were prese n,ed by MIR. GARLASp, from
Richard B. Baptist, ate deputy sheriff Of Stephen T.
Pool sheriff of Meckenburg, to be released from Ger.
tain militia Gnes--by MIR. ROBERTSON, from Wilson
Morris, free ma. Of COLOR to permit his wife and chill
dren, emancipa,ed slaves, to remain in the Common
weati-by MIR. CRUTcnriELD, from sundry free per-
Of color of Fredericksburg, for permission to have
school fox the instruction OF their chdren-by Mi.
SSopGRAss, from citizens Of Mill Creek in Berkeley
county, for aid from the State to much OF the Ba-
more and Ohio Railroad as may pass through Virginia
by Mr. HuRARp, from the members Of the bar Of Buck.
ingam demonstrating against the bill changing the
times of holding the Superior Courts of that county
EXCHANGE BANK OF VIRGINIA.
Mr. FISHER offered the following resolution:
Resored, That select committee be appointed to in
oue into and report 10 this House, what amount OF the
States subscription has been paid 10 the Exchange Bank
Of Virginia. and what amount of private stock has been
subscribed to- and actually paid into said institution
whether the said bank has gone into operation or not
and If not what disposition, If any has been made by
said institution of the funds of The State paid said
corporation account Of the States subscription 10 the
capital stock thereof
Mr. FISHER entered into an explanation of the object
Of the resolution stating that he had been informed that
the Exchange Bank of Virginia. instead of using The
States subscription for the purpose of oanng to The
community, of aiding the banks Of the State, had
sent il 10 The Bank Of the United States under the pre-
text Of discount, and that the mailer ought 10 be
qured into
MIR. CusSrSGnAM replied 10 Mr.. F., and objected 10
the passage Of the Iesouon-He considered it total
ly uncaed for the information required being already
before the House. The Governor had communicated
to the Legislature at early period of the session.
statement which had been transmitted 10 the Execu.
tive BY the President and Cashier showing the
dition of the Exchange Bank Of Virginia. which stale
ment had been printed together with other docu.
mens transmitted 10 the House, and had been placed
in the hands Of members. That statement set forth,
that in pursuance Of The charter the books Of subscrp
ton had been opened and closed the Sd Of May,
1887 which time there subscribed by individuals
1880 shares that is S499 OO0-lhat books of subscrp
ton had been again opened, under the act of gath of
June 1887 which still remained open-that the Treasur
er of the State had subscribed, behalf the Common.
wealth. for $500 shares, and had paid for the same in
United States Treasury transfer drafts drawn on the
Surplus Revenue of the u. States 10 be deposited with
the Staes and that only IA additional shares had been
subscribed since the act of oath Of June, which, when
added The 49U previously subscribed made 504 shares
more subscribed for by individuals than by The State
The statement also communicated the fact that the
transfer Cl6pOSPO
the Bank of the U. States of Pennsylvania a, par
the fund carry interest the rate Of per cent per
annum, until called for. The Treasury Drafts were
drawn on Banks in Kentucky, New York and Virginia.
whether they would pay the amount in SPECIE allow
interest the They declined doing both, and
would make payment in nothing but their own notes.
The Exchange Bank then disposed Of them in the
ner before stated This was. in Mr.. C.'s opinion, the
best disposition which could have been made Of them.
The Commonwealth had taken moiey (S90O,OO0) of
the capital Stock she bound to pay in specie or its
equivalent bu, she had paid $3.50 900 in drafts on nom
spece-paying Banks Both payment and ineres, having
been refused by the Banks it the duty of the Elk
change Back to dispose of the drafts to the best advan
tape for the individual stockholders we'll for the
Siate-the former compelled pay per cent in.
terest under the act Of 24h june the amount due
by them till paid and it their duty to make the
States proportion oil interest paying fund
The stockholders Of the Exchange Bank had, at their
general meeting on the 9th Of June last Resoocd, That
no salaries should be allowed any Of the officers until the
Bank should commence operations, which would com.
mence Immediately after The resumption Of specie pay
mens and in the meantime the Bank at little or no
expense.
MIR c. then moved 10 lay the resolution on the table,
but withdrew it for The present. 10 allow opportunity
for reply.
Mr. FISHER replied, and urged several considerations
in support Of the proposition.
Mr. WATKIys followed, and was OF opinion that the
funds had not been udicously disposed Of they
might have been.
Mr. Boris hoped that the resolution would be adopted
he did not know whether the money had been loaned or
had been placed depose 10 be drawn for ut pleasure.
Mr. MAY said, that Us the information called for wac
already in PRINT he could not any necessity for The
resolution.
MIR. Cuss1SoHAm could inform the gentleman from
Henrico that ne had the original correspondence
on the subject and that the Cashier of the Bank Of the
US had informed the Cashier of the Exchange Bank,
that $500 had been placed TO the credit of his bank,
cash. subject to interest Of per cent per annum,
tka n1o ,aory h Rontr
or whenever they should have occasion the funds
They could be used hereafter very benefciay by the
Bank as Northern funds which drafts could be drawn
Mr.. Boris said, he was satisfied and would renew the
40 by no fronN orfolk