Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1839-03-09
SIci,crai Assembly, Of Virginia.
HOUSE OF DELEGATES.
J'.esJ,u iL,yrb =

TaeSdcy, .uarch D.
A communication was received from the Senate, stat
ing that they had passed the bill entitled ian act 10 re-
vive an acl Incorporating the Augusta Springs Cum
puny.
| On Nh URQuuART's motion, Rcsolred, Thatthe Com
nittee OF Propositions &C. 6e Instructed 10 inquire into
the expedency Of authorizing two precinct elections on
the north side Of NUltOway River, III the county OF
ouhamp,on viz: one at the store house Of Benjamin
Griffin and the other al Bcr!ns Post Oihce or the
place more generally known by The name OF Lenows
! Store.
! On motion of Mr. EDMoYDs Of Fauquer, Rcsolred
Tina, the Committee of Finance inquire into the pro-
pricy Of providing for The payment oil the balance which
appears be due the administrator de 60nS non oil Jno
| hlarsion on Judgment Of the Court Of Appeals, &c
On Mr. CoXs motion, Ecsolrtd That the Commlee
Of Agriculture and Manufactures inquire into the
pediency Of incorporating Company TO be called The
Battersea Manufacturing Company for the manufacture
of cotton, WOOL &C. the lands Of John + May, on
APpOma'I'x River in t the town OF Petersburg &c
Petitions were presen,ed-By Mr. CnocKETT ofTaze
well, from George w. G. Brown OF that county,
praying longer time for The perfection Of land titles
BY MIR. CuLBERTsoS, from sundy citizens Of Scott
", praying for the extension Of the State road from Ken
lucky line through Russell and Scott countless 10 the
Tennessee lne-By MIR URQCHART, from sundry persons
in Southampton praying for pecInent election at the
x Keys, and also one at Jamess tavern in the same
county-By Mr.. DANCE RFIED, from John hlchleekin
and Others praying that certain lands, therein men
toned forfeited for failure 10 enter them on the books
of The Commissioner Of The Revenue, may be released
from lorleure-By MIR. CoSS, from citizens Of aliJack
son. in Shenandoah county, asking for the incorporation
Of the Mt. Jackson Academy-By Mr.. OpELL, from
Duff Green, praying modification Of the charter of
the Union Potomac COmpany-By Mr.. STUART, me.
mortal OF John Gramsatf of Augusta County. praying
10 De divorced from his wife Susan-A!so by Mr.
BEARD resolutions adopted by meeting OF citizens OF
Loudouu in relation TO the Goose Creek and Little
River Navigation Company, with certain documents IN
relation 10 the Company.
ENGROSSED BILLS.
"The Bill 10 incorporate the Rockbrldge Agricultural!
Society,"" gave rise TO debate, in which Mcssrs
Venahle, Leyburn. and Smith of of w participated
after which the question put and the bill passed
The engrossed bill, 'anendIng and reducing into one
the several concerning The reorganization OF The
Lexington Arsenal and the establishment herewith OF
Military School at Washington College was, On Mr.
Cruchfelds notion laid upon the table.
THE BANK BILL.
And then. on Mr. CRurcHFIEDs motion, The 1lousc
proceeded TO the order OF the day, VIZ the bill repeal
and amend certain acts concerning the Banks OF tins
Commonwealth, with the amendments proposed by the
| select committee.
! Mr.. EEXABIE moved 10 amend the 9Th section in the
4th line, by striking out after the word SEVEN the words
"to increase their capital stock respectively, by the
addition of the Of five hundred thousand dollars
to The capital Of each OF the said Banks, and insert
the wod add their respective capitals after they
| such one Of them may accept the SAID act shall
have carried into effect the provisions OF said act as
amended and modified by this act over and above The
|
each
Mr. RonxRTsos explained The views Of the Select
Committee in reference 10 the amount OF capital to be
, added 10 each of The banks.
Mr. May opposed the amendment OF Mr.. FESABLE,
indicating want Of confidence in the institutions
from which branches were sought.
MIR. ROBERTSON called for division of the question,
lake The vote first upon striking out. The
ton to strike out prevailed Mr. T. then went at some
length into argument show the necessity and pro-
priely Of increase Of the banking capital OF Rich
mond and read endnent, which ne should offer al
proper time.
The debate was continued by Messrs VEsABLE, LANG.
HORNE, ROBERTSON, MAY and CKuTcHrIELD
Al the suggestion Of Mr. WATTS, Mr.. VESABLE
agreed to leave The sum blank in his amendment.
The question was taken on Mr.. VENABLEs amend.
ment, and negatlved.
Mr. RngERTsoS then offered his amendme nj, to be in.
serted in lieu Of the words stricken out
Gas the modified by this act 10 add 10 their
respective capitals and above The increase authorised
by the raid act, the Bank of Virginia the of $780,,
OOO and the Farmers Bank of Virginia S735 0G but If
only of said Banks should pit as aforesaid, then it
shall only be lawful for The Bank accepting TO make
such further increase to lis capital stock
This agreed to-ayes dS, noes 43.
Mr.. VENABLE moved to amend by repeating the 18th
section of The act passed March 2 1887 which requires
the Bank of Virginia and Farmers Bank 10 convert
part Of their surplus into capital.
This opposed by Mr.. WITcHER, and negaiived.
Mr.. CRUTCHrIELD offered the following amendments
Al the end of the 9Th section, add The words" And
the Farmers Bank of Virginia is hereby exoneraled from
establishing branch of said bank at the town OF Scos-
VILE and is required TO establish said branch at the
town of Charlottesville and so much of The act
leaves optional with said Bank establish The said
branch at the town Of Scollsyle shall be, and the same
is hereby repealed.
Mr. STUART opposed the establishment of the branch
al Charlottesville and urged reasons 10 show that SCOTS
vile the proper point
Mr.. WooLFoLK himself in favor Of the location
Charlottesville but thought it better to leave the mat
ter with the stockholders, as in the act of 1887.
Mr. SoUTHALL, from his peculiar position IN reference
10 the claims Of Scoltsvile and Charlottesville, wished
10 be excused from voting.
Mr. kISSEY thought the selection ought to be lett |"
the stockholders, who were the most competent 10 decide
the question.
The amendment of Mr. CEu1cHrIELD then ne.
gaived
Mr. MAY moved to amend The Sd section Of the amend
ments Of the committee, by providing that one nifa OF
the public deposiles shall be deposited with the Branch
of the Exchange Bank of Virgina Richmond, if The
provisions of the act be accepted by the other BANKS
This amendment after some remarks by hlessrs no
BERTsoS, SHERRARD and MAY, was agreed.
Various consequent amendments were adopted, on lne
motions of Messrs May and RoBERTs"s.
On motion of MI MAY, the following vas acceo 10
the 9Th section .,
"And if the stockholders of The said Banks, either
ofthem shall accept the provisions OF The said ACT sha
not be necessary for them 10 make any change in 'he
number Of directors, the mode Of appointing lhein
until the annual meeting Of the stockholders as
therein required for the election Of directors and those
who in office, who may hereafter be appoint,
ed 10 fill any vacancies, shall continue in Office until
their shall be appointed and quahec accord
ing to the directions Of the said act
On MIR. RoRERrsoS's motion, an amendment was
adopted rendering clear and explicit The PfoSi
sions of the Sd section
On Mr.. MAYS motion, section was added, requiring
periodical statements of The condition OF The BANKS
On motion Of Mr.. VEsABLE, provision was added,