Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1839-01-19

wise forecast, requires the SPECIFY ADOPTION OF some
equitable plan providing for The distribution among The
States IN Just proper lions u The proceeds Of the sales Of
the pubic lands, and t.s General Assembly o"lh hefe
fore earnestly urge upon Congress the immediate adop
lion of such will be best calculated 10 obtain
this most desirable object.
ReSOirtd That the Governor Of this Common wealth
transmit The foregoing Report and Resolutions TO each
OF the Senators and Representatives in Congress tiom
this Stale, with rcqust that the lie laid before
the two Houses Of Congress
MIR. Boris moved that The following resolution be ap
pend-d 10 lhose OF the Committee, which was agreed 10
| unanimously
Resoiccd, That the Governor be requested 10 COM
munIcale copy oil the sad preamble and resolutions To
the Executive Of each State in this Union, with
quest 10 submit the same TO their respective Legisa
| tues.
Mr. WATKINS moved that 10 600 copies of The report
be printed, and accepted addition TO his motion, al
the instance of Sir. DoRMAS, the fvowng "A!so the
tables of A and &, Appended TO the report Of the Sc
creary Of the Treasury OF the U. s. Of the 2Gh Dec,
1893, upon The subject OF the lands coded 10 the 5
Mr. W. stalled that 1t was III obedience TO the direction
| of the COMMITTEE That he made the motion; and he
thought the importance Of the subject made it expedlent
and proper that large number OF copies should be
printed for distribution.
MIR. SAITH Of |. OF W.. objected TO the printing until
The report was adopted. lie differed with very
sena part Of The report; bot he thong It not be
accurate in every particular, and that should be a!oP
ed before 1t was determined 10 incur The espense oil
printing.
MIR. TYLER replied to The objections Of Mr.. SMITH,
He assured hun that he might alay his Fears and ave eed
that there was not sing fact 10 The report which
Was not teduce5 from public documents. Nh i. ex.
tended his remarks With much emphasis relative TO the
position Of VIrglnla-tEe immense sacrifice she had made
and the little she bad received in return. tie referred
TO public documents 10 show that, in The appropriations
OF the last year by the General Government for The I'M
provrmeDt OF harbors, &c, amounting to upwards OF
S3UOO,UUU, Virginia bad recriyed only $4,000. lie
compared her 10 puor old King Eeorsp had given away
all her lands and had received nothing in Teuin for them
he said bat the policy by which she thus prevented
from her due yeword would connue unless could be
arrested by yigant inlerpositon.
Ms SMITH perscvered in his opposition to printing,
asserting thai the report should be adopted before il
disseminated by the Ilonse.
The printing was further advocated by Mr.. JACKSON,
and opposed Wy Mr. WooLyolx
Mr. PEITos opposed the printing Of The extra number,
ON the ground that until the report was adopted could
NOT be regarded The opinions and views o the House,
bst OF Toe Ceuniiire only aud thai should be
dsSe minated until adopted. BE did moi take grounds
against the report, and was Tor printing the ordinary
! number Tor the use vi the House.
MIR. Bvrrs concurred IN the views OF MIR. PEyroY.
Ny WArxINs then withdrew Qhe House consentlng)
bis motion print III GOO copies, aud moved The print
ing Of lle usual number 10, Tie house-aEd altered
The resolution adopted.
On motion Of Mr.. DoHMAH the report was made The
order Of the day for Monday
On molioH OF Mr.. LEYBuRS,
| ReSolrea, That The Committee Of Roads: &c. be in
struced ingui:e into the exPedency Of amending The
charter Of The Ly Rchburg and Buffalo Springs Turnpike
Company TO provide for The extension Of the road
established under The of March TO- 1887 from Buffalo
Springs, The county OF Amherst TO some point
near the North River, in the county Of Rockbrdge.
On motion Of Mr. CnA.MAH
EcSOltcd That the Committee for Courts Of Justice
be instructed 10 inquire into the sypedency OF nd
ing The 9ih section o the act passed February 9Th, 1919
enltled act to reduce into act the several acts
! for experimenting aud securing TuGawoys, SO as more
eleciually punish the OF bridges and ferries,
ND Min oprninu
or indirectly aiding Or assisting any slave whatever 10
crossing said river, unless such slave shall first produce
special permit in writing from his her master
| said river.
! BANKING PROPOSITIONS.
Mr.. JAcKsOs introduced the following resolutions -
lie said that they embodied his views alter serious and
long deliberations and he moved that they be loud the
table that they might appear upon The JOURNAL and thus
be placed before members-whIch was agreed to-
ReSOred, That il is exprtent incense the Banking
! Capita! vi the Commonwealth $4,000 0G0.
:. That The profits OF Banking should enure 10 the
whole people OF the State.
8 That the system. should provide that the Common.
wealth should guarantee 10 the bl-holders the amount OF
oil Bank issues
a. Thai TO secure the foregoing results Stale Bank
wlLa capital oil not less than Si0,OOO,00O, should be
chartered.
That seven-tenlhs Of the stock should be owned by
the State, and lhree-enis by citizens Of the Common
wealth.
6 That The State Stock should be borrowed by selling
Stale Bonds, bearing interest not exceeding per cent,
ledeenabe at the pleasure Of the holders after 20 years,
and al the pleasure OF the Common wealth after 80 years.
Z. The Bank in lis issues 10 be restricted 10 three
times the Of its cuin and deposes, and TO
exceed three times the amount of It's capital.
5. The Bank 10 bs 4 Bank Of deposte, discount and
Of loan
O. The profits Of the State Stock in the Bank to be
applied 10 The payment of the interest the loan, and
the surplus 10 be transferred 10 sinking fund The hi.
rcclots The part Of The Stale 10 be elected by joint vote
Of the General Assembly, 10 serve for three years. 10 be
! q o0
TO- The capital Of lie Stale in the existing Banks 10
be transferred 10 the State Bank FROM and ahe The
piraiion of their present charters 10 constitute an in
crease OF the capital Thereof.
L. The private Stock in The existing banks 10 be- OF
the option OF the holder transferred W the State Bank
10 constitute part Of The capital thereof kon aud after
the expiration Of their charters respectively.
II Branches 10 he established al all points where
there are Banks krancirs under existing laws, with
capitals corresponding the capital Of sach branches
respectively, and the General Assembly to establish such
other branches from time TO time, as The exgencies oil
commerce and The wants OF The country may suggest.
u he Directors Of The branches ~ be elected by
the parent board.
L. The bank 10 loan the State at rate Of interest
not exceeding per cent such OF money, as may
he required by Law 10 construct the public works.
ID. That The Banks for all leans iyS period less than
six months may charge six per cent INTEREST," Tor loans
for six months and not exceeding twelve months may
charge per cent interest," and for loans running TO
IL months and longer, may charge eight per cent e1-
| ccpl IL the Commonwealth.
MIR. MAY offered the following resolution, which he
stated he had been induced to otter in consequence OF
the presentation by The gentleman from PIltsylVania
of the memorial OF Morris Pollok, asking that he might
be allowed take the oath of allegiance TO the State and
hold lands in it, Mr.. NJ said I've had never known the
petition OF alien for permission to held lands in The
State rejected and that he had never known The pel
ton of an alien for the recovery Of land escheaed TO
the Commonwealth rejected He thought that lhe pr.
vlege should be general Aliens were allowed 10 mold
ands under The General Government, and he thought
our citizens should have the field for Ibe SAY OF their
lands more restricted Than that enjoyed by the General
Government. lie for making the privilege general,
regarded the present restrictions az Involving ieudal
! principles:
Rcsoired Iba, the Committee for Courts Of Justice
he instructed to inquire into the expediency OF EN-
puwering aliens 10 hold real estate ln THIS Common.