Staunton spectator, and general advertiser. [volume] (Staunton, Va.) 183?-1849, 1839-12-19
Virginia Legislature.
From the Whig, Dec. 10.
RELIEF OF THE BANKS.

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From the Whig, Dec. 10.
RELIEF OF THE BANKS.
The House of Delegates yesterday, after
much discussion, concurred in the amend
ments of the Senate to the Bill for the tempo
rary relief ofthe Banks, and the act now stands
Othc following words:
AN Act, for the temporary relief Of The Banks
IF this Commonwealth.
l. BE 1t enacted by the General assembly,
That so much of any act as may subject any
Bank incorporated by the laws of this State
to the forfeiture of its charter, for failing or
refusing to pay its notes or other debts in spe-
Gle, or to the payment of damages or interest
higher than six per cent. per annum for such
failure or refusal or which may prohibit the
receiving of the notes Of such bank, in pay
ment Of the public taxes or debts, or the de-
posite of the public revenue, as heretofore,
shall be, and the same is hereby suspended
until the first day of March next; and if any
bank shall have forfeited its charter by so
failing or refusing to pay specie, the forfeiture
thereby incurred shall be rcmittcd-and the
charter, with all the rights and powers con-
fcrred by it, except such portions as are here
by suspended, shall continue in full force and
effect, until the date above mentioned, saving
to all persons, corporations or bodies polite,
the right to recover, in any of the modes now
provided by law, the amount Of any note or
other debt due from the banks, with interest
at the rate of six per cent. per annum Prooid-
ed, The Banks Of this Commonwealth in
which the monies are on deposite shall pay
the interest falling due in January next, upon
public loans, In specie or its equivalent, ifthe
public creditors require il, if there be so much
in said banks to the credit of the Common
wealth: find prorided, also. That nothing here
in contained shall be so constructed, as to
prevent the Legislature from passing any act
annulling or modifying the charters OF the
several banks which it might be competent to
enact, if this act had never passed.
Q. This act shall be in force from the pas
sage thereof.
HOUSE OF DELEGATES.
MILITARY BOUNTY LANDS.
y Mr.. Southail referred to previous proceed
ings Of the Legislature OH the subject of an
gress, for the satisfaction of military war
rants, issued under the authority of Virginia
TO soldiers of the Revolution. The instruc-
tions and requests heretofore made, seem to
have been Intellectual, but repetition of them
was the only method left of attaining the OPP
ject. Mr.. S. therefore offered the following
resolution, which was passed by the House,
with but one dissenting voice, and has since
passed the Senate.
Resolued by tie General assembly, That our
Senators in Congress be instructed, and our
representatives requested, to use their best
cXertlonS to procure from Congress an addi-
tionai appropriation of Land, to satisfy the out
standing Military Bounty Land Warrants, is
sued under authority of this Comm onwealth
to the officers and soldiers of the Revolution,
or their legal Representatives.
Resoiuod, That the Governor of the Com
monwealth be requested to transmit copy of
she above resolution to each of our Senators
and Representatives in the Congress of the
United States.