Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1839-03-09

quesled 10 furnish the Legislature list of The number
aud The names OF the Engineers assistant engineers and
rotmen, together with clerks and other officers and
agents connected with the company, with their respec
tive salaries annexed and the proportions OF each salary
paid By the Siase.and by the private subscribers
RfS0ircd, That the Presidents Of all The Railroad
Companies, in which the State has an interest, be re-
Gues!ed TO furnish The Legislature similar information in
relation to the engineer corps and agents connected with
the companies which they preside.
TIE BANK BILL.
At l2 O'clock the order Of the day resumed-be.
ing the bill 10 repeal and amend certain acts respecting
the Banks Of this Commonwealth
The question pending, was The amendment Of Mr..
Voolfolk, requiring statement every four months o!
the names Of persons indebted IN any way 10 The Banks
| accepting this act
Mr.. JACKSON moved 10 amend the amendmeai, BY the
following proposition, substitute:
BE turticr cnac.ea That the General Assembly
may, a, all lines through committees OF either KouSe
III any other manner that either House may appoint
examine all or ury of the books accounts o! said
Banks Of The individual dealers with The same and
to require the Banks 10 make exhibit OF their names
and the amount of their indebtedness, together with any
Other information which either House VI the General
Assembly may desire.
MIR. JAcKsoy sustained his amendment in brief
rcnarks-and it was also advocated by Mi fERBY.
MIR. VOOLFOLK earnestly opposed The amendment, as
being utterly useless, and shielding the Banks from
just responsibility.
Mr. BUTTS opposed both the amendment and subs
lute as calculated 10 produce good results and as
beng in no wise calculated elicit correct Information
HlIsctef might be done by such exposition, but no
| possible good would be produced
MI WATKINS would not impose such duty upon
the members Of the House. because they could know
nothing about the subject He would propose an amend.
me mt which would answer the pc pose. The che
10 prevent political combinations and net from any
| qnisI,0ral spirit.
! Mr. Voolfolk replied 10 Messrs YYRgy and Boris
and urged various reasons 10 illustrate the danger o! al
lowing the Banks 10 Gea in with tie people
Stale.
Mr.. YEREY had never received cen, from any Bank,
and never owned any stock, but he thought he might
safely challenge comparison between the management
OF The Virginia Banks, and those OF any other Stale in
the Union.
Mr.. May read provision from The existing Bank law
to show that all proper information al all times al
the demand of the Legislature and the Executive
MIR ~. thought If this did not give due facilities for in
formation, nothing could lie would vove saaiust Mr.
JaCksnn substitute and prepared to give direct
negative to Mr. Voolfolk $ amendment lie
ious that the latter gentleman should have direct
upon his amendment, well satisfied that difficulty
would be found by rity OF the House in wing No,
and sIIll being able 10 look the gentleman the face
Mr.. JACKSON further defended his proposition, and
thought the people had right 10 know The entire lruas
actions o.! the Banks. fe had confluence both in the
Legislature and the Banks As, however, he was will
ing 10 rive the gentleman from Orange an opportunity
10 get direct vote desired he would Withdraw his
/ amendment soy the present
w r.
Voolfolk, but thought it ought 10 be modified. Mr. ).
then went in to argument OF some length, TO show
the proPriey of keeping the public informed Cs the
liability ofbe dealers who usually bought up The produce
OF The country. lie suggested modification 50 ns 10
require information annually Instead oil every four
months.
! This modification was accepted by Mr. Voolfolk.
Mr. CRUTCHFIEID opposed Mr.. WnoIiok's amend
mcnt and referred to the fact, that the exposition last
year called forth by the gentleman resolution had shown
the management OF the Banks 10 have been entirely So.
! lISaciUTy.
Mr. BORIS enlarged upon his objections to the resolu.
ton and commended that any Stat, nnl produced under
the rrIuisiliUn would be utterly allacGus. Mr. Bolts
illustrated his by presenting cases LIST, Sup
pose merchant purchased loco rcs Of Aunr from
different farmers 100 barrels from each $40 per bar
rel. The rrciant gives his note To each iarme, for
the pre- $1,000 The farmers take these notes 10 the
Bank and procure the money upon them. An exhibit
is made By tie Bank under the amendment Of the gentle
man iioIn Orange, and what will BE- the apparent con
dit!un Of things Instead Of the real stale Of The
action being made known, smuc! the farmers
the last eUdosers they appear TO be The debtors Of The
bank, when IN point Of fact they had obtained any
acconmodaIIon aud instead Of being dtLiOrS ouy
receiving the price Of their crops Mr. b. also present.
cd second case OF wealthy merchant from New York
or London, who gave order 10 his commission Iner.
chant 10 buy EUOO0 worth Of -four cotton tObac.
CO. and draft is drawn by the commission INGREDIENT in
favor Of the farmer planter The New York or Lon
don merchant The farmer or planter takes this bill 10
/
the amendment inform the House the true charac.
Ter Of the transaction; So far from it, il exactly
the case, aud represents the farmer planter the
debtor of the Bank, instead of the London Il York
merchant. Mr.. Is made further remarks enforcing his
position, that even such exhibit that contemplated,
must be deceptive.
! The debate was continued by Messrs SMITH Of Of
W. and WATKISs, IN favor OF the proposition, and by
! hcssrs NENAALE, CEUrcHFiELD, FErrcN and TYLER
against III The latter deemlng the extract from The existing
law (cad by Mr. May embracing every Thing hch
could be desired No broader latitude of inquiry could
be presented, than that given in the section quoted.
Mr. VAUGHAN thought il there time to
Justify the call Of the previous question: the present
that time. lie opposed 10 the amendment Of the
gentleman from Orange, and thought there had been
! debate enough.
After some remarks by Mc,srs Smith, Of |. Of W.,
Boris and CRUrCHriELD as TO Ike effect Of the PIE
vious questionable question WIS., by consent taken
upon Mr. WooLroLKs amendment, which was mega
lived by the following vote
.7gcs-hlessrs Holloway NJ 'Clinlick, IInskns, Waite,
Chapman, Watkins, ELmunds Of Halifax, Taylor of
Halifax Armstrong, Smith of oil w, Sandwich Rich.
mond Farley, Anderson, Banks, Taylor al NJ d NJ,
Langhornc, Voolfolk NJ Pherson, Cloud NJ Coy, Gay,
Smith of Rockingham, Thomas, Smith Of Russell, Gull
berlsun, Bare, Conn, Clark, Prince-3O
Noes-Alessrs GiImer, (Speaker,) Bayly ofAccomack,
Chopper SouhaIl Wood CabeIl, Stuart, Kinney, Cubbs
Mitchell, Fyau. Snodgrass, Shanks, Peyton, 1arr, Mer
ri't, Kyle Flood, Foler F"x, Corbin, Wilcox CALDWELL
Cox, Carson. B'oadus, Wilson, Vaughan LorImer Ball
Edmonds of Fauquier Tdball. Payne, Deskns Hale OF
F, Wade. Sherrard, Barton Smith Of Gloucester Hail
nf DaingerieId Turner, Odell, Park, W hile, Sey
mour, Bolts, Martin, Tyler, Washington, Reynolds,
Smith of Kanawha Ia Zoe, Conway, Beard, Rumey,
Taylor of Loudoun, Organ Smith of Mason d Jackson,
Dor,ch, Goode Raymond. Clayton, Dunlap, Barnett,
OFcrail, Hodges, Whitehead, Cunningham, Watts,
Yc1by, Alexander, Mcconnell, May, Tuu.oIl, Harris,
Carroll, Venabe, Stands, Robertson, Leyburn, Dorman,
Davis Urguhatt, Crulchi"d, FIzhugh, Crockett of t.
Stephenson, Goodson, Walker Jackson, Crockett OF
Wythe-@2