Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1839-01-31
county will prevail upon him TO change his determine
ton, al least until that question is finally settled
Lynch6uro Piroinian
Gemeral Assembly Of yir.ir,j,
HOUSE OF DELEGATES.
Tv,SfIGu Jam 90 1S2O

'N'
pomati"x river.
They have agreed to The resolution for proceeding on
Thursday next TO the election o! member of the Exc
cu,ive Council-And the resolution for the election
Of Senator in the Congress OF The S, with amend
ment
This amendment proposes Friday, the 18th Of Febru
airy, the day Tor The e!ecl!on-ln hch amendment
the House concurred.
On motion of Mr. NJ CoNSELL,
Resciccd, That the Committee Of Schools and Colleges
inquire into be expedency OF dsnissng The suit of The
President and Directors Of the Literary Fund versus The
North Western Bank Of Virginia. now depending IN the
Circuit Superior Cour, Of Law and Chanceiy for the
county Cf HenTico.
On motion Of Mr.. PESDLEros,
RcS0ssd, That the Committee of Schools and Collie.
ges inquire into the expedency of authorizing the School
Commissioners Of Rappahannock county to pay out of
any surplus in their hands the claims Of John S Hughes
and others which due for services rendered during
the year le3-.
On motion of Mr. WATKINS,
Resored, That the Committee OF Finance inquire into
the expedency Of amending the act entitled
providing for the negotiation Of Loans for purposes Of
Internal Improvement. passed April 3, 1898, as to vest
the Board OF Public Works with competent powers for
the negotiation Of Loans abroad the udvangeous
leruls 10 the State.
STATE BANK.
MIR. KINNEY said lie wished to cal! the attention OF
the House for few moments at this time to subject
which bad already occupied portion OF lis time, and
which doubtless would occupy still further portion OF
it-a subject second in importance, he conceived TO none
which would come before this Leg:salule-he alluded
TO The Banking Question.
MIR. X said, it seems TO be conceded generally, by
and representatives. that increase OF the
Banking Capital of Virginia is both necessary and expe
dent, but the best means Of eecng that increase
question which there grea, diversity ofopin"n
One party he spoke not political partes) was in favor
Of increase OF the capitals OF the present Banksun
other, OF increase by Independent Banks-a third, of
the Free Banking System-and fourth, tor what is
called "the One Bank System. From the best retec
ton he had been able to bestow upon the subject Mr.
h was at present in favor Of the latter AMI lie knew
there were many members who concurTed with him.
With view OF bringing the uttehtion of the House 10
what was his .avoGe scheme, he begged leave 10 submit
for their consideration series OF resolutions he had pre-
pared and asked leave read them, and for the present
TO Law them on the Understanding in few days 10
call them up for consideration and the action OF the
House.
Resoired That the Committee on Banks be instruct
ed report bill incorporating State Bank with the
usual banking privileges, upon Tie following principles
l. The capital of said Bank shall be ten millions Of
dollars, founded upon the money stocks. and credit OF
the Commonwealth ereluslrtly, with liberty TO the Lee
gislaue to increase from time 10 time The capital oil SAID
Bank.
9 That the mother Bank be located at Richmond and
branches established at such points Us the Committee
deem exPedIcnt.
g The faith Of the State shall be pledged for the
Gempiion Of all the notes issued by said Bank.
The profits dividends of said Bank shall consti.
tuie fnd for the payment of the interest, and sinking
fund for The repayment oil debt To be created Tor works
Ct Internal Improvement and Education, and alter The
discharge Of said debt, to Gerayng The expenses Of the
GovtrEnrn such other purposes as the Legislature
shalt see proper to appropriate them.
j. The said Bank and its Branches shall be The depo
STORY Of ali The funds of the Common wealth
PETITIONS, &c.
Mr.. Carson presented memorial ironi Col. A!exan.
Gers heirs and representatives.
Petitions were presented-By Mr.. TAYLOR of Nj. &
NJ from sundry citizens of aliddlesex, praying the
bshment of precinct election at the s'oehouse Of R.
McKan-B BY Mr. DoRTCH, from sundly citizens Of the
upper end Of hlccklenbug praying the division OF that
county and asking the location Of the courthouse in the
town Of CarksviIe-By Mr. fxYToS, from the cz-rs
OF Fncasrle and s vicinity, praying that law may be
passed, authorizing the Farmers Bank of Virginia. or
lie Exchange Bank TO establish Branch Bank at the
Of FIncasle, with such capital as they may deem
oAPetien-ail which we're referred
! He BANKS.
On motion OF MIR. NExABLE, the House took Up the
bill provide for further subscriptions on the part OF The
State 10 The Exchange Bank and the North western
Bank Of Virginia.
Mr. SMITH Of l. Of w. moved lie following amend
rncn,:
Strike out from the words Nnrih-wese Bank, in the
llth line 10 the pToviso, aud insert
The President aud Directors Of each o. the said
Banks shall be- and hereby uuhorized 10 sell, from
time ~ time as they may Direct 30 much Of the stock
oil the SAID Banks belonging 10 the Common
may be sutcien, pay the amount Of The subscriptions
unpaid, which may hereafter be unpaid, 10 the
stock subscribed On the part OF The Commonwealth ::
provided that sale OF such stock shall be made Tor
less than is par value, and
Mr. D0RMAS said this important subject, upon
!C!l there should he time Tor reflection lie
therefore moved that it be laid The table for the pre-
sent-whch motion agreed 10.
On motion Of Mr.. Cox, The amendment Of Mr.. SMITH
iHE PUBLIC LANDS
On motion Of Mr. DoKMAS, the House resumed !hs
consideration Of tie Report Of the Select Committee On
this subject.
The anend,nen, Of Mr. B.rLr to the substitute Of the
committee, was again stated.
Mr. CRCr delivered his views in support Of the
amendment Of Mr. Bayly. Geemng any other dstribu
tioa than that contemplated in this amendment as mex
peGent.
MIR. LASGuoRyE made some explanations as TO an in.
tma;ion that he had declared this party question he
gave ios surprising that no such influence
prevailed particularly the chiefs OF The great parties
had buried TIE tomahawk, &c.
Mr. L. then entered somewhat at large into the gene
raj question: in defence Of the committees pan and in
reply 10 the arguments OF Mr. EDMuNDs OF h, MI We
sABLE and other gentlemen.
Mr.. WooD considered the amendment Of Mr.. BayIy
less Xceptionabe than the resolutions OF the committee
and would for it, but should then vote against the
proposed Distribution. IT, has been alleged, the tru-
for the Sales in reference TO the ceded lands, had
failed carry oct tie uus according 10 lis conditions,
question might well arise whether we had not right
to demand !etrnceesion Of the lands ceded Nh w.
thought this position correct. He replied 10 some OF
The argments Of Mr. Whether as to the distinction be-
tween The coded and the purchased lands, &c
Mr. WATKINS afraid the debate upon this subject
would destroy all the moral influence which pron,pt ac-
ton would Otherwise have had 1t was 10 have been
Ilrgnia quesiion-but what had it been made? lie
complained of the party aspect which lad been given 10
it by some CT the speakers WHO preceded him. and de-
culed the party in power against of the charges
Of exravagance lha, had been urged against IT, Mr.
W believed Congress had the right to distribute ibe
proceeds, no, only Of The ceded but the purchased
lands The latter had not been specially bought for ds
t5uon, but for higher and lofier purpose-or secur
Ing the command OF the Mississippi. lie considered
-, Of he fIInCe
as The only sensible yet offered, &c.
Me HoDGEs planned his attitude in reference TO
the questions pending. He felt himself compelled, at
ter full deIibera,ion, and notwithstanding his Difference
for the views Of the committee and Of its distinguished
chairman to prefer the proposition of the gentleman
from Accomac Mr.. II. went al some length into the