Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1839-01-12
General Assembly OF Virginia.
HOUSE OF DELEGATES.
ILursLnn Inn 10. lS3O.
The Chair announced The following Committee


declined acting Chairman of the same) Mcssrs
Tyler, Jackson, Crockett of W., Watkins, Stuart iun'
stall, Turner, Dorman, Stevenson Coke, Peyton WOOL
folk and Robertson.
Select Committee on the Banks, (under Mr. We
nable's resolution adopted yesterday) messrs Fena-
BILE, Toler, Robertson, Sherard, Watts, Mcdonnell,
May, Smith Of K, Sou;halI, Witcher, Goodson, Gun
ningham and Kinney.
On Mr.. DonMASs motion, the following resolution
was adopted:
Resoired That committee be appointed TO act joint
~ with Committee from the Senate 10 enquire into
the expedency Of altering the interior arrangement OF
the Capitol and provide for the convenient accom-
mediation OF both branches Of the General Assembly
and also enquire into the expectancy of repeating or
amending such laws heretofore enacted authorses
The Circuit Superior Court of Law and Chancery for The
county of enrco TO hold it's courts and keep lis Clerk
Office the Capito; and that said committee have leave
| to report by bill or otherwise
On Mr.. RoBERTscSs motion, the House resolved 10
proceed morrow, by joint vote with the Senate to
the election of q Public Printer for one year
| Mr. MARTIN submitted the following resolution:
Rssored, That the Committee OF Privileges and Eec
tons be instructed inquire into the expectancy chang
ing the annual meeting of the Legislature from the hrs
Monday in January the first Monday IN December; and
also the time OF holding the Elections from the fourth
Thursday in April to the respective Court days IN the
same month and that they report 10 the House by bill
or otherwise.
| Mr. RADCLIFFE proposed, substitute for the
above, that the Committee OF Privileges and Elections be
instructed to enquire into the eXpedency of changing
the day of election from the 4th Thursday in April (as
provided by act Of Assembly passed the 18th March,
1879 until The day Of
Mr. RADCLIFFE explained the great inconvenience
which his constituents sustained from The present time
| Of election, and earnestly pressed for change.
Mr.. WITcmER suggested TO change the original rcso.
luton 10 leave the day OF election blank, and Mr.
| MARTIN accepted the amendment.
Mr. Boris proposed the following, by way Of subsl.
ute TO the amendment, giving more general character
! to the proposition:
! Resoircd, That the Committee of Privileges and
! oil info he
OF changing the lime Of holding the elections and also
Of changing the lime Of The meeting Of the Legislature,
&c.
! Messrs hlaRrls and RADCLIFFE both accepted this
amendment, and II agreed to by The House without
! opposition
| On MIR. SrErHEysoX's motion, the Committee on
Finance instructed TO enquire into the expectancy
OF repeating much of the law OF the last session OF
the Legislature passed March %, lc3S, entitled, San
providing for the re.assessment of LANDS in this
/ Commonwealth, as directs the appointment of princ
pal assessors; and tina, the said Committee also enquire
into the expediency Of comforting the powers and duties
Of said principal tho county and corporation
courts the circuit courts OF the several counties and
corporations.
! On the mUtiOn OF Nlr SMITH OF NJ ~ j., the follow
! ing resolution adopted:
"Rcsoiecd That the Committee OF Roads and Inter
nal Navigation enquire into the cxPedlency Of making
appropriation To construct road from Charleston,
through Ripley Parkersburg, upon The location here
oiore made by the State, and that they have leave TO
! report by bill or otherwise.
/ On motion OF MIR. SUSNISGHAM,
| RcSorei, That the Committee on Roads, &c, he in
sructed 10 inquire into the cXpedcncy OF enactng an
act of tho General Assembly Of North Carolina, en-
tied ian act 10 incorporate lie Norfolk and Edenton
Railroad Company, passed Dec Id lojO
On motion Of MIR. May,
| Resoired, Tina; the Committee on Courts OF Justice
inquire into the expediency oi Incorporating Company
for the purpose Of building an edfce to be used as
| Commercial Reading Roem and Exchongc, in The town
/ of Petersburg.
! MIR. VrsABLE addressed the House follows:
Mr. Speuker-l rise TO offer to the House the follow
ing resolution:
srucled inquire into the expectancy OF repeating The
law entitled san act to suspend the act increasing the
banking capital Of this Commonwealth, passed March
! 3lst, 1855.
| Before take my seat Mr.. Speaker consider il
due to this House 10 make a brief statement, show;
ing the importance Of acting at once this subject,
and showing The present state and condition OF the
! existing banks regards the increased capital Of
So 600 COO provided for by the law passed the 2olh
! day of March, 1897, well as to show that the just
| expectations Of those portions OF the Commonwealth
which provided for in that act ought TO be al once
complied with. The act above ieiered TO provides in
the first place for the Incorporation OF the Exchange Bank
Of Virginia located at Norfolk the capital of this inslitu
ton 10 be 81 SOO 000-ha!f TO be subscribed by ndvdu
ais and half by the Stale This bank has gone into opc
ration and has established the branches required by The
! aw-and has received subscr pi!on from The State
out Of The surplus The North western Bank,
by The same law, had 900 added to lis capital ii
! ALREADY Il
has been paid Of the surplus Of 400 000 and
said bank Mr.. " believed, has established its branch
or branches required by law. The Bank OF Virginia. by
the law, obtained an extension CT its charter, an
increase Of capital and is required 10 establish branch
in the Of Portsmouth, and 10 furnish additional
capital to its branches at Lynchburg Charleston Fred
ericksLurg and Danvile. The Farmers Bank Of Viz
gnia by the act, has lis charter extended its capital
Increased, and is required TO furnish additional capital
to its branches at Petersburg Lynchburg, Federcks
! burg, Winchester and DanviIe, and to establish new
! branches at Farmvile, Scottsyille or Charlottesville
J in Albemare, and one ct Abingdon or Eranshan IN
the South western par Of the State. The Bank Of the
Valley had its capital increased lis charter extended and
was required furnish additional capital 10 ills branches
Leesburg Charlesown and Romney and 10 establish
new branches in Staunton and Warrenion. Before The
day appointed for general meeting OF the stockholders
of the Bank Of Va, the Farmers Bank of Va and The
Bank of the Valley to take into consideration the ac-
ceptance Of the benefits of the law above referred TO-
these Banks with the Banks of the Union generally,
suspended specie payments extra session OF the Lee
gsature called, and The law as far as it affected
those Banks, suspended until the LIST of 1885,
it being determined by the Legislature, that during the
suspension of specie payments, It would be improper
| for the Banks 10 make an effort to establish ne"
branches and enlarge their business AT the last SEES
sion the suspending act enacted and extended 10
the LIST April 1889, the Banks bad not then return
ed to specie payments These Banks being now IN good
condition 10 carry out the enactments OF The law OF he
25th March, 1887 MIR. " was Influenced 10 press this
resolution at this early period OF the session. by the TACT
that his constituents and all similarly situated as regards
this act suffering By the delays (Which have perhaps
been unavodable), which have taken place in its e1ecu
lon 1t is not intended that this movement shall IN
any way affect the interests Of those portions OF lie
Commonwealth still unprovided for, and desiring an
increase of bank capital but only to hasten the proper
execution Of law already passed: and ought 10 be
remembered that The whole OF The States subscription
TO these institutions is provided out Of the surplus eVe-
nue., and now in possession Of the banks respectively
on loan FIVE per when the same ban ks are dIvd
ing among their stockholders dividends at The rate OF
IN | nnat I'd
this motion is not intended foresall The opinions
or the action of the House as further increase oil
banking capital 10 which am not opposed, if found 10
be desirable or expedient-nor TO prevent any change
or rcEnrn in of in this CommOnweathi