Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1839-04-06

House to the Sena,es amendment ahou, the Ist sector
thus in fact abandoning the LIST section altogether
Upon which, MIR. Watkins moved 10 lay the whole bill
upon The table, and carry The whole question before the
People
MIR. TCEsrALL would not agree 10 this He wished
the House stand n and test the question who were
the Democtacy-wheiher the Senate, with its - mem
bes, removed from responsibility, 10 control l3l
Delegates fresh from The people, not Mr.. i. was
here reminded that the question confined the
ton to lay on the table.
Mr.. BARTON called the ayes and noes
The motion to lay the table further opposed by
Mcs:-s RpsERrsoN ard WIrcHER.
Mr. WIrCHEK stated his belief that there was semc
undue influence at work reference 10 this matter
that the Bank Of Virginia did not wish any action on
the sutherland that there gentlemen in both Hous
es who did like 10 take The responsibility of going
against Banks bat who yet anxious 10 defeat this
bill Mr. " thought it would he well for the people
examine the question: whether the Senate really
revisory body, ~hether IL not ihwartpE end de.
featng the popular will: he would throw the RESPONSE
hy o! the defeat of this bill upon the proper quarter
&c.
Mr. RoBERrsox disclaimed all knc " ledge Of any in
luence interference the part uf the Bank Of fIr
gina or any OF It's officers.
Mr.. SMrH OF of w. reminded the House, tina, il
this bill laid the table, sill there would be
increase of the banking capital under the act Of 1887
He was in favor OF laying II ON the table.
Mr.. VESABLE said the law of 1857 would be de al
letter, because there provision in requiring tt
ldhe tIitCt WITHIN li'sS lhOHNilS, &c
Further REMARKS were made BY Messrs. WITcHER
WATKINS. SMITH Of |. OF W., MAY ROBERTSON, SHER
RARD aud CRuTcHfiLLD; and The question being taker
on laying the b! and amendments on the table. It wa
decided III the negative by the following vote:
.iyas-Aess.s. Silimer (Speaker) Holloway, wood
M'C!intick, Haskins, Thornhurg, Cox, Carson, Waite
Deskins, Chapman Smith o! Gloucester, Watkins. Hal
Of Gfaysnn, Taylor Of ii Flowers, Armstrong, Smitt
Of l. Of W, Wright, Richmond, Farley. Anderson Or
gain, Banks Tayor o: NJ and NJ, Goodr, Barnett, Alex
ander, NJ phetson, Cloud, Msy, Gay, Carroll, Slurm
Smith of Rockingham Thomas Cuibcr,son, Bare, Conn
Utqpsart, Clarke, Prince, Crockett Of T-43
.Iocs-h'essrs Eayiy oil Chopper, Southn'l, Cnhe
Stuart Kinney. CObbs Mitchell, Snudrrass. Shanks
pey,on, Hoffman, Flood, Toler, Fox, Corbip Catdwe
B.oadus Wilson, Vaughan, Lrriner. Ball, Ednunds o
Fuuquicr lidta Payne, hale OF franklin, Wade, Sher
ratd, Barton, Dalngsried, Turner, Odel, Park Martin
Reynolds, Smith Of IL Tay loe, CONWAY, Beard RAN ey
Dunlap. Fe'ralI, Hodges, Whitehead, Cunningham
Waits, Lanshornc, VERIFY, Fitzgerald, NJ Connell Wool
foik NJ Coy, Tuusa!l, Wi,chcr Fenab!e Roberts, Ra,
c!te, Shaads, Pendieton, Robertson, Dorman, Davis
Crockett Of w 10.
So The House refused 10 lay The bill and amendment
on the table.
The question then REQUIRED on Mr. VESABLE's mo
ton 10 eceGe iiom the amendment 20 the Senales frs
amendment, This proposition OF Mr.. NenabIe sup
ported BY Messrs Watkins and Smith Of Isle of Wight
and opposed by Mr.. Sher:ard. Mr.. CTutchiel
would vote tor the proposi!ion under the hope tina
some better Arrangement would he adopted.
! Tie question taken by ayes and noes, on the ca
cf Mir SrsIratd and "ced by vote oi ayes 3D. noe
-. The House then determined 10 i:sist upon lAeI
amendment 10 the Isl section.
TIE House next agreed to recede iiom their amend
me the I'd sect;ou and the question came abnu
iSlrg The time, Tor which the restriction the Bank
issuing SINAI! notes may be suspended. Some debct
took place Oh the ProPG!ety Of restricting the issue o
snail notes. Alr. Watkins warmly commended for tn
restriction, and asked what Bank the powerful
and ,.rOl,ab,. WAS the Bank The U. State
which had authority 10 issue less than $40 notes.
tie cCneuded, that unless this restriction impose
on the Banks aud The Banks compelled To tutnis
themselves win larger basis o, specie the bubble wou
hurst again. he in favor CT allowing but one yea
longer 10 issue small notes.
MIR. TuNSTALL replied TO Mr. WArKiSs; and contend
ed that the people had asked for such restriction
Rae Argument drawn from The Bank OF the United States
is not sound because that Bank does supply the oG
navy circulation OF The people.
The debate was continued by hlessrs. SuERRARD ant
RoBERTsoS IN opposition 10 the restriction. Finally lh
House agreed to The proposition of Mr.. May which
to add alter The word suspended in The cond
the words "ior one year
When the auehdalen, from the Senate concerning
the Classification OF notes offered for discount came up
MIR MAY moved rccede from the sagreprne nj OF the
House, With view OF amending it in another way
The House agreed 10 Mr.. Mars proposition and then
he proposed 10 amend ihe section, by striking
much OF the section relates TO the classification OF dis
counts, and retaining only the following at the end 0
the section:
at shall be the duty Of the Banks 10 keep list of al
applications for discounts, the Of the parties there
to- endorsers ard amounts, and The decisions thereon
No person company shall a, any time any on,
Bank OF This Commonwealth, as drawer or acceptor,
exceeding 100000, nor endorser, greater sun
than so 0G0,
Mr.. MAY wen. into long and able argumen, ugains
the proposed classification.
Much debate ensucd, in which Messrs. Bolts, Wat
kIs fenabe and May participated Mr.. May amend
ment was adopted And the question came upo
agreeing 10 The Senates amendment thus amended
Mr.. VESABLE called for the ayes and noes
Mr.. VOOLFOLK expressed his qualification that the,
called in order that the people mis- ht see who wer
dispose 20 encourage the great capitalists at the expense
o! the smaller.
Mr.. TUSsTALL con,ruver.ed this position with grea
zeal. He dehed any genemaa 10 answer the orguinen
Of the member from Petersburg (Mr. Maryland con
tended, with him, tina, it is frequently better for Ii
Banks to discount the note of large manufacturer VIII
might have hundred mouths TO feed, than TO loan TIT
same amount in small 20 individuals, who nigh
rot probably employ II.
Dir. WATKINS replied TO Mr. TrssTAtL. and arguet
L. these small might lie loaned out for the az
comnodation of small dealers or manufacturers, &c.
Mr. MAY sorry The ayes nd noes had been called
might pIesenl h'm IN the character of voting for
branch OF the Senate proposition which he thought ob
sconable but which he would vote for, under the hop
Of making some compromise with the Senate.
MIR Boris declared that he objected 10 the idea o
compromise, and would vote against the amendment
not because he did not think the Banks were sometime
in error IN lending large sums, but because he
wiling to leave The Banks al liberty judge OF each cas-
It occurred.
Further Debate took place. in which Messrs. SMITI
| of w, FESABLE and kinney participated And TIT
amendment was adopted By the following vo,e
.3yeS-MPssrs. Gilmer, (Speaker,) Bayly of Accomac
Souihsli, Holloway, Cabeli, Stuart, Kinney, McClIn
tic, Cobhs, Mitchell, Hoffman. Iaskns Flood, Thorn
burg, Toier Fox, Corbn C;dwell, Cox, Carson, Broa
tus Wilson, Vaughan, Lorimer, Ball, Edmunds of Fad
ouier Tidbsll Waite, Payne, Deskins Hale Of Frank
lin, Wade, Sherrard, Barton, Smith Of g., Watkins
Hail of Grayson, DainEerfeId Turner, Odell, Park
Flowers, Armstrong, Marlin, Smith Of |. of w., Rey
noids, Smith Of Kanawha, Wright, Tayloe, Conway
derson Orgain Banks Tay Tor of Matthews and Middle
sex, Dos,ch, Goode, Clayton, Dunlap, Barnett, OFer
rail-, H"dges, Whitehead, Cunningham, Watts, Lang
horne, Yrrby, Alexander Fitzgerald Voolfolk MPher