Staunton spectator, and general advertiser. [volume] (Staunton, Va.) 183?-1849, 1838-03-22
Virginia legislature.

e"6 T6IISt 10 Inc
banks was passed by handsome majority
IL provides among other things. that II the
Banks do not resume specie pay nent nv tho
| Isl OF August. and shall thereafter make any
dividend of their profits, they shall be liabl.
10 20 per cent. damages on each note which
'hey may refuse TO redeem in specie.
ne MI 10 suspend the act increasing the
Banking Capital Of the Commonwealth. WINS
ordered tn be engrossed-ai,er an Intellectual
effort 10y Mr.. Smith of I. of W.. TO insert a
clause repeating the act.
The bill more effeCtually TO suppress the
circulation OF small bills issued by Savings
institutions and individuals, was also en- ross.
ed Tor third reading, after much debate. II
increases the penalties tor such issues. and
authorizes the Banks To issue one and two
dollar notes until April 1899, redeemable in
specie.
We consider this as entirely useless legis.
lation, and II will only add another to the Sc.
veral laws already on the statute book, to be
derIded and disregarded. IT, small penalties
cannot be enforced against public sentiment
anu public necessity, il is utterly ridiculous
10 expect compliance with more rigid pro-
visions Richmond Whig
IMPROVEMENT BILL LOST!
The great hill Tor Internal Improvement
was tndefnifety postponed ON Tuesday, by a
majority of votes. But the long time.
which was employed IN the discussion, is no,
entirely lust. The able Debate, which the
Report OF the Committee has called forth
viii survive-it will furnish new arguments
and materials for the consideration of the
Pe"ple-mix up with their thoughts, and
en'ighten the future course Of the Legisla-
lure The ball will go On. II may be re-
'arded Tor moment; hut il cannot be ar
rested A great Revolution is at hand in
tirginia-it awaits only a more suspicious
Time, and the bushes Of a glorious dav are
already stealing over the Eastern horizon.
Let the Banks hut resume specie payments
THIS Summer; and pow eriul impulse will
he communicated 10 the great cause of In
lernal Improvement. The next Legislature
VIII he compelled TO Ike up the whole sun
Ject, aud we venture TO predict, tie ses.
sion will constitute an era in the history of
this go"d Old Common a!th-The charac-
Ter OF the age, as Improuement-no country
uhaei the sun presents such an Immense the
alre Tor lis display, as the U. S. No Stale
mas so many facilities and capahiiities-Na-
lure has not dine more, or as much for any.
ns virginia. She will yet put forth all her
strength; and indeed in the course of the last
three years. she has done something that is
10y W 'SopCSt, put uul as nuCn as she
should have accomplished She will vet
thoroughly redeem herself in the ewes of her
sisters, and fulfil tho high des,inies 10 which
gracious Providence calls her. The day
Is dawning. Let not the defeat of the great
oil OF the present session discourage one of
her liberal sons
what is now 20 be effected during the pre-
sent session is 10 be attempted, as il we're, in
detachment. On The very day that the bill
was rejected, another bill Tor appropriatinc
SloO, QUO for the road from StaunIon 10 Par.
kersburg was passed. That bill is now he
tore the Senate. As it contempales valu.
able improvement, and brings Eastern Vir-
gina nearer to tho State of Ohio, il is 10 be
hoped that It will meet with favor in their
eyes. Mr. Mcdowell soon after rose 10 pre-
sent resolution, for constructing on State
account, Railroad from the town Of Buch
hanan, on the Upper James River by Evans.
ham TO some suitable point on the Tennessee
and Virginia line.-Bu, the resolution was
laid upon the table.
Wednesday Evening.
The House has been engaged nearly its
whole session OF to day, on The question Of
internal improvement. Mr. Mcdowell.
Resolution has been debaiea-along with a
Substitute offered by Mr. Tunstall. Mr.. Gar,
land has suggested another scheme of a more
general character. No decision was made
when the House rose.-We will not anlici-
pate the action Of The Legislature upon this
SUBJECT we trust rs much may now be done,
as possible; hut we look 10 the next Gener-
al Assembly for more extensive and ems
iarged system of Internal Improve ments-
when The war terminated in 1915, q new
impulse was given to enterprise. The next
session (lSl5-6) was one Of the most active
and brilliant eras, which has mark ed our an.
nais. The foundation was laid for many
OF those improvements, which have since
graced The Stale. We are not now in the
midst OF war but we are just passing through
a gloomy period Of pecuniary emharrass
ments. As SION as this passes away, a new
spur VIII be given TO indusIry-capiial will
seek new invtsiments-a ne spirit will an
innate the People and the Legislature. II
the Banks resume specie payments in the
course Of this Summer, we shall feei the re.
vivai in the Winter. Then, will come &C
lion, enterprise. improvement. The next
session may then ne one of The most momen.
tous in its consequences, which we have seen
for years.--Rich. Enq.
ELECTION OF COUNCILLOR
The House yesterday succeeded in execu
ting the joint order Tor the election of
Councillor TO succeed MIR Mcfarland.
Mr. ii. A Garland and Mr. John Nj. Pat,
ton were nominated. Three bsllnt,jpys took
place wrhou, an election On The fourth
MIR Patton vas elected by few votes ma.
joriiy.
After the second ballot, when the fate of
MIR. Garland was foreseen, and, when the
Vanites were very anxious TO escape defeat,
by one OF their Conservative brethren, an