Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1839-03-14
EtidaY. March 8. 1890.

On Dir. Seymour's morton, Resolred, That leave
be given to bring ina bill to amend the chalt.-
Of The MoorGeld and Allegheny Turnpike Com.
pdny.
Mr. Mcpherson submitted the following RcsoIu-
toni
Resolved, That the Committee for Courts Of Jus
tice be instructed TO inquire into the expectancy a
so amending the law, rs 10 place all the deeds OF
trust which are given as securities for the payment
Of debt or the performance of duty. upon thr
same grounds with mortgages, 10 be governed by tn
laws regulating thai species Of incumbrancc, aud to
report such other amendments 10 tho law regulating
deeds Of trust as the Committee may deem Just and
proper" &c.
son, aud opposed by MI May-and rejected by the
Mr.. Ode called mp tho engrossed bill, supplemer
tary to an act entitled - an act 10 incorporate the
Union and Potomac Company" which was read anu
passed
Bank Bill.
Mr.. Crutchhed called up the Bank Bill. Mr..
May then submitted the following amendment.
which he hoped would meet the views expressed By
the gentleman from Goochland; Add to the clausrs
already proposed by himself aud adopted by III,
House, requiring the Banks TO furnish the Erccufirc
with monthly statements Of their condition, the fol
loving ords -" Aud the Legislature hereby re
serves the authority 10 require liom the officers Of
the Banks, by resolution of either House. such ar.
~
may deem proper"l
Mr.. Robertson Of Richmond objected to The
amendment. as giving the power to call for an unne,
cessary exhibition of private accounts. He was wi,
ling to have every thing exposed which might sna
Bile the Legislature TO detect the frauds and mis-
conduct of the Banks but he wished 1t the SAM
time TO protect individuals from any improper sx.
posure Of their private transactions. 81 q
Mr.. Watkins cordially supported the amendment,
and replied to Mr. Robertson.
MI. Lang horne took the same side, and zealOuslS
cone nded for the rig to make strict investig ATTIC
into the conduct Of the Banks. They ought to av,
every opportunity ferret Out the fraunds and cor
rupons Of these Institutions. Such power VII
calculated 10 allay the suspicious which already PR
vailed against them, and TO increase the public cor
fdence in them. He contended that the State be
ing largely interested in their capitals ought 10 ha,
the power Of looking into their transact ions. il
the Committee OF the Legislature should NAL
such an investigation as would satisfy them, TIL
House would never insist on giving publicity Pr
vate accounts.
Mr.. May being satisfied with tho discussion
which had already taken place, moved the previous
question, which was tarred-and then the amend
ment of Mr.. May was adopted.
Mr.. Crutchfsld submitted the following aments-
ment: i. :,
Be it further enacted. That il the Bank Of VIZ
gina shall accept the provisions OF tins and tho BE-
fore reced ACT it shall increase the capital Of hr
branch Al tile town OF Buchanan by the addiiionai
sum Of 800, 900, part Of abe additional capital
of $500 900 authorized by this act when the
whole amount thereof shall have been subscribed
AGor a short debate, in which Messrs. CraIeG-
field, Stuart, Bolts, Robertson, Kinney and Dor
man participated,
| Mr. Peyion zsalously urgedth claims Of Buehan-'
an and reciproeated in favor Of the Town Of Ftss-
ericksburg ,he aMende honorable which Mr..
Cru,chfeld had inst made in favor Of the towu CT
| Buchanan.
Mr.. Dorman also urged tho claims OF buchanan.
nsnl tba1
within about thirty mss Of that town, fifteen totwep
| " furnishing IRON manufactures.