Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1838-06-22

Mr.. Carr made some reference % the ren,.
gentleman from Petersburg, (Mr Martin H.
the accuracy 0i lhr comparison which the 90.
had drawn between our purchasing of Sou,,,s,,
ers, and the movements Of the Northern iaLa.i, ID
MIR & pronounced t. be- the Guucs, teI,nr 80
ever escaped from He'll, 10 scourge g-rst ,a,,
concluded by expressing the CREATES, en!hus,,
Cause Of Southern commerce.
Mr. J.;er Of Amelia then submitted his vio,
Of the proposed amendment Of Mr.. kulin, H."
favor of the restrictions suggested The peo,f +
would consent 10 increase u! BANKING c,,,,,f /
such Restrictions Until there Was 4 refGrr, -. y,
tenn. they would be against an expansion IC,A 1
holders could be bound IN hsIr n"n Ptorertr f-It
OF the banks all might be saiiSiri Bot mr. '
must la ye a sound and fixed basis Ia E,
Further Gebals. occurred hei~ccn N,.,,s ~ ~
Of Richmond, and RuiIin, rciace 10 IN, srb,,',,
CAR called the previous question ON H.. -
aud Mr. Crump The ayes and noes NJ, r.
word waived the previous question. and the cp.,,.
taken BY ayes and noes on Mr Ruliu's sutsrjrn. j
reJrcted-ayes2l noes O'l-by Grrga.u. ayes9c,.
Mr. Rawlings, rrmarklng upon the dprapc.t w.,
exchange, submitted 4 proposition feaiiye 10 ,5
blishment Of Southern and Western B,,g os ..
lions capital, but waived Il iy- tie p!esru, =, ,r
gCsion OF members.
Mr.. Mallory said there vas ..r,c 10 a,,,ovo =, l.
denim in the report. lie CuilenC-G That ibs,.,
recommendation in Tie report Hr had The homo, :,
mt, except thal at increase "i banking cryilal .
the report before the Convention contained
There was position IN the report " Lch h. ti
crroneous-that pat Of il which declares the ,,,
trade requires more capital than the export he fG
dlacious. He should not vote io the report. H.
not see tie right OF I delegation OF any one psc.
cause II Vas large, IN control HE action Of the Cp
ton He announced that he should publish his P
as the act Of this body. The vote upon s.slsia- on
part excepted TO, WAS made test as well by those ]
opposed the Report himself; and the Convent,
fused 10 strike out by large ma orly-boln Der n,
and by delegation. lie denied that his Report CT.
ed any Sub.Treasuryism he nigh, be IN favor a
Sub Treasury or he might not-ths was not The
to declare his opinions. lie in favor of local B.
and expressed his appreciation o! good State Banks
formed and better regulated, deeming them essf
and useful in the operations Of trade. lie argued s,
The necessity OF any increase of-banking capital W
was it tina, law was passed some II months (:
auhcrising an increase Of The capital in this ycry d
by establishing Branch Of the Exchange Bank
yet il was not subscribed?
Mr.. NJ objected strongly to the appointment. q
committee 10 collect information. lie would not Oh,
10 aich should report 10 future Convention.
he would never consent 10 the creation Of secret
irresponsible committee TO publish by authority ol
Convention opinions and facts in lis name.
Mr.. StockdeI Of Petersburg, disclamed having ya
for The whole report of the gentleman from Erz,..
H.,
his vote upon the motion 10 strike out the other even
he did aot wish 10 be considered in appreciation o,
whole.
Mr.. Mallory remarked that the explanation Of
gentleman from Petersburg was entirely satisfactory
that he should publish explanation along with Ii,
port, giving correct history Of lii" whole matter
Mr. Baxter would say nothing OF the proprlely Of D
fishing the report, az expressive Of the opinions Of
Convention. The report had been, before any final :
Iola md nh IL,
fully lis merits, withdrawn and placed beyond the C.
troll Of the Convention. The publication 10 be IT.
must be left 10 the gentleman; bu, if any thing was
requiring explanation, the discussion would be IN,
ferTed 10 another iorn'n. As To the complaint Of
great influence of the Richmond delegation he obscr
that if the Convention WIS 10 express the indyc
opinion of its members, each one bad an eGua! fgG
vote; if ii was 10 express the paons Of the State
&c pt The divided vote OF Charlottesville there was
vote given above tide walter in favor Of The report
report did not express tie sentiments OF the peopl
Virginia.
MIR mcfarland stated tha, the report could moi
considered The act OF the Convention. As lie the c
troll of the Richmond Delegation, il must be rccoIlrc
said NJ the manner OF voting by delegations
at the instance Of a member Of the Richmond De!r
ton.
Mr. Je,er Of Amelia corrected Mr.. Baxter s'al
that he had voted against striking ont the exception!
part OF Mr.. MaIIory's report.
After further conversation the resolution and the
port went through some slight amendment and y
adopted. Mr.. Suu!hgate having proposed one o. ID
II proper that should render every iici
10 sister Stale which desired 10 bring her trace 10
al the suggestion of Mr.. Cunningham,
words "uDder such restrictions ard notifications as
wisdom Of the Lrgslainre may devise, were Iase'
IN the clause recomme ndng the banking facilities
MIR Anderson, Of Williamsburg concurred with
Mallory in disappearing the part Of the report which
serted tht required more capital to conduct the
port than the rHpnrt trade.
The Report was then adopted, in the following ioI
REPORT OF TIE COMMITTEE on COMMERCE.
"Ihe committee 10 whom Il Vas referred is the {
yention, IN inquire into and report, whether the II
chants Of Virginia import gnods frot, foreign co
tries, on as good terms the merchants OF any of
sister States; and secondly, how the foreign 'rsde
Virginia is affected by the want Of capital, and in y
manner The iHconve nience under which it labors /
be rsrnedied-submit the following report
THAT the time allowed the committee for the m
dera,ion of subject comprehensive and intercs'
the foreign commerce Of the Stale, has been alto
ther ton limited 10 enable it to perform lis duty
ner satisfactory to itself There was not time for nj
inquiries which belong to such an investigation.
cnuseS Tint have operated unfavorably 10 Snut!
Commerce, and denied TO it the relative mporta
which 10 have been cicd from the enterprise
abundant elements Of foreign trade Of the South, c.
not De cSpInreQ IN q lew hObrS OF hurried c0USuVGN
The question especially addressed TO the committee,
10 which ii has been under the necessity OF cnninin
attention, has respect to the capacity of Virginia 10 N
tain foreign import trade. And if it shall appear
only that can maintain such trade, but pOss
cd Of advantages which would enable Us TO enter
successful competition for il; the inquiry, how we
recover that trade, is the Immediately affecting
interests and business Of The State.
"The question propounded in the resolution, nam
whether the merchants of Virginia can import from
reign countries on good terms os the merchants Of
Of our sister States, may be answered confidently 10
affirmative. They can SO import. The markets Of
reign counties, and the agency by which foreign tie
is performed as freely opened to Virginia capitals
enterprise as TO any other. From no part Of our coun
the operation Of purchasing abroad, and Of bring
home, be performed with more despatch or al chez
rates. This being conceded, as from the obvious n'I
of the proposition it must be, the question arises wbeI
it is the interest and policy of The State to foster
encourage direct foreign import trade.
pursuing this inquiry, it is in the frs: place, to DC
marked, that Virginia has large export rade-i
when compared with the aggregate export OF oil
States. Her exports for three years ending Win
cember, 1887, averaged SIS 2G5, 46l. This, OF coO'
gave her that amount Of foreign capital ready to be e.
poyed in whatsoever mode that was profitable. j
whilst she had il in her power, through the med'.
of her exports to obtain directly, and at reduced 60
the foreign productions demanded by her consnmp"
r.. l.,I-- Nnhta