Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1839-12-03

rht not be appointed chairman of that committee
ri, Char suggested that the member from Peters
cu!d .e, nj his object, by Gdding his proposition
III. original rules
W. smith Of l. Of W agreed in the propricy Of ap.
,,,r standing Committee, but hoped, that the mo-
t,,,IM lie I'LL tomorrow, for The purpose CT orga-
~ the Committee on different principles from those
6 had formerly prevailed. He did not think,
~. N, Committee should be confined TO members
,r from places where there were Banks, bu,
h, selected from the a5lcst from all parts
NV STATE: and he thought such Committee should be
tainted - the House itself
H. Ma hid no objection 10 withdraw il for the pre-
,bnt' Il, ped the gentleman from the Isle of Wight
would no, rhcct 10 giving leave to bring N bill "tor
" ,nmoorary rcl.ct of the Banks OF this Common
'l,tb He stated that at present the Banks were
y, ~ a. be drawn upon by the Brokers, who drew out
-. -, &c and made profit Of 10 per cent Leave was
-.,,,d And The following committee We're appointed,
u,>>rs Nav Robertson, Watts, CrutchicId Smith
.Ih, u WIGHT ALVIN Of Norfolk, Baker, Wcrthing-
REYNOLDS, Tocr, Council, tcmabic and McAlIt-
~ ,ir Robertson 5 motion the usual leave was given
~ rnr~ occupy scat within The bar, I" tax" notes
q, til, proceedings.
.,n The Governor, which was read rs follows:
trrr.-.I M. ca$ ct the Scnate
and House IF Delegates:
Il, the midst ofsone dscouragcmcntS and dlsappoint-
r,s We have strong motives FOR humble and earnest
,L .Ilnr>s Ia the Benctcent Dispenser Of all good,
r ,b, abundance OF the productions of the cart, dC
r,l. present IN every portion of our country,
.aJ,hr excellent health winch the people Of our own
S,I,c have generally enjoyed.
,;-r,t difficulties have attended the efforts t. rc@o-
., H., loans authorized by law and il is not probable,
. "a INN any short tnl, hereafter, The money
~ - complete the public works IN progress, can be
.n.rd by TO loans So great are The d.SeoUr-
,,1lru.S t. anv attempt 10 borrow on public ac-
n, and the rate ofintcrcSt is Hight that the purpose
r,a >nr money in that mode, must, Tor the present II
Las. h,, abandoned. Desirable IL is Ia finish the
a.,h> Of Internal Improvement that have been con-
r.rcrd and u undertake Others no less important,
-, unauthorized, IL has become necessary | fear, MOI,
rI, =, pc>ponc tie latter class but also 10 suspend
some of the former In that event, this interesting
branch Of ,hc policy would be required to again, as
SON a favorable change III the times would admit, ii
. part OF prudence to examine rigidly into the IL
,nrrs and 10 av the foundations Of ample fund, not
ol 10 pay The interest Of the State debt but to eytin-
,u.>h tie principal, and Of any addition il which the
General ASSEMBLY may hereafter authorize.
regret exceedingly that it has become my duty TO
communicate 10 the General Assembly, another sus-
pension OF specie payments b. the Banks, in almost
every State the Union, it is understood, except
Nry York and of the States to the North of IT.
The Suspension commenced with the Banks of Pha-
dcpha and was soon followed by many others TO the
South and West as far as have heard including all
the Banks believed, of this State except those OF
Wheeling, and branch of the Bank Of Virginia al
Portsmouth. As the report reached me, my at
ntom without delay was directed to the acts reguat-
me- the Banks of This State 10 ascertain what measures
under such stale OF things, might be required OF II"
Executive TO be taken.
Bv the eighth section of the act establishing general
regulations Tor the Incorporation Of Banks, passed
A"rnh "a 700, p'"''u'n, ''l"' 81, Jus -
81 u! BANKS hereafter ci"t ~ S'''', ~ i"'
hlr on oeil'lu, OF WHicH s''al' i'", m't"! ::
demand IN @oo ana si'sr conn., st.,' =, =:
all payments |" TINS Noihihoh"ca'u' o"t Il any SUI"
banks sinai! at any time ia'l or t"iS I" S 'S
n gold or silver com, itS bills or notes sa D' no longer
rrtrivah" Us ai"rcSaio an" '!ic "o'tlh2 ioi ' '''
h"ng Is hc:"!y aatHpriZco ana FtPtcu' .!
ten TO declare the TACT ana ioFti"''h %
h"'Ss OF S'''o naiN ''oc teer'c" III pay NV ~ " an
ncy due TO the lnhiihoA"'a!'i ana IL H!c s"'" o'''N
sinai! he one III winch any portion OF inc pupc revenue
shall be- dcp"Si,cu Tue '''Fr'F S!!i cause .i' sri"
drposeS standing III the sara WN 10 'ne circuit "' u'
Iomn"iW'@id', or any 81 '.' P""N' ,"''S' u " ~
moved thef'if"m some specie PAYING oa' VI 70 S"'
"'n'' P,'ce q S''''H
VIII D t'f'''''. 't'i 'n> pro- I'-' N "'. ~.
nAPP'ilinS 81 ram e'',-'", '' y -
r '.1' -, - - .'is ,: ~ 60, !.
rust 10 issue ms pr9cania'I2h o'.i'F3 'nr Is' "
>"S' i'S'oh anu Poi''O'tll@ w i"'oS ~ s"" ''I'.N
sP.... "a, = "a - "
pay meat VI any money o"e ~ 'i'' No'''"'o,'M'"''i
secondly, TO cause me G"poseS OF the pnoc revenue
IN 'l'e said palA 10 De removed uSrelEoH 10 some
specie paying BANK or 10 some other place OF safety
botn OF these acS arc required 10 DC performed ny Inc
Governor on me happening OF IN" contingency con
|iP'a,'" ~ ~ ipi o't WI " sen "i'
Pa,r~ ." '''' '''' = '''' =" On s' ''''''
~ - ILL, .r,.,o,, ,b.~,r,.r or tho ron.
=. - 60. FL 49, h,L - ,hn,r whether
49, -. -, ! ,,,.n.,;,,,c. ~ ,,c pco
irs"'" Oe IA" ~ Wy 'SIe 49, c to.n.
P' - ''''""S nS pun. Du1'.l ~ ~ ~ -
"'" 'oi'cs,oi " 'e io.,' :. III t,,,
'a'''"S - I' t'e"'u'S - N r., o;d
c'S ana uPaO'GiiiS 'iie pao'!' oi.e "a, -
cations ,aue II "" ..e ,h M.
t"''u.'' '"e nv h.''i's % 'ie 80 - a ~
Wy - w l = -, Inond -
.', .' 90 - lo':s . ~ .,o ca,.tr,c-
= - e 80 - ,h;s r"snnc, called an the
Ill !: hr.u. :. !,
''! " =, 20 r. ,,.li +, I'm \,
'' II - * Wy "a - ~ a,i: &C lie rcfoc
80 '''" .t '.'s I - : .ri a,,n,;n,,ion ol
va nv ~, S"'J 81" =. -, >, ~. nn;r;on
ur Nv, "'a ~ "'s s'iolS', ''''''. :I e. ,.,. :;
"@t Tue ID" htr"oc" - p'o'"' 40 -
"alch one or more oai,ns IA" S"SP'"u'" ,t,
mems "iie oth''s co.'.,''"'" =" pa. Sr.' La nr