Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1839-02-09

siGent OF the James lSiver ana h3naWEa company Oe
requested report 10 this House the present actual ton
mage on the James River, and The probable amount Of
increase when the canal is opened 10 Lynchburg.
On melton Of Mr. Robertson, RcsOircd, That one
copy Of The Internal improvement Map prepared IN
pursuance Of resolution of the last General Assembly,
under The direction OF the Board of Public Works. he
furnished, The same shall be received TO each MEM
Der of the present General Assembly application 10
the Second Auditor
On motion Of Mr.. BRoADus, lat The instance OF MIR.
Cfntchheid, who absent from indIsposiiion) The
memorial for the division Of Spotlsy county,
time since presented and laid the table, taken up
and REFEREED together with documents in relation
TO said application for division MIR. also presented
counte! memorial, which was likewise referred.
Petitions presented-By Mr. MITCHELL, from
citizens OF Bedford, for act incorporating the town
OF Liberty in said couny-By Mr.. Warts, from the
Justices Of Norfolk County, for authority TO appropriate
the Eastern terminus Of such street in Portsmouth as
may be selected 10 The and benefit of the County
ferfy-By MIR. PARK, from citizens OF Hampshire,
praying that steps may be Immediately taken to wi
den and Macadamize the North Western Road-By MIR.
SHAHks from citizens of Boteouit and adjoining coun
s Tor mn Increase OF the capital OF The Bank ol Bucha.
man, or Tie establishment OF branch OF some other Bank
al Ina, place Also from citizens oil Boetourt ana ad'
1aceni Countess for increase of Banking Capital at
the town of Buchanan-By MIR STEPHENSON, from Z.
H. fickens, for act 10 incorporate companyto I'M
prove The navigation Of Middle Island Creek-By Mr..
BARTON from cilz-ns Of the Commonwealth against
Rail Road Company. ron presenting this memorial,
Dir. Is called for It's reading, which was commenced
put dispensed With, suggestion OF hesSrs watkins
and Mcconnell that The memorial Of the Company had
been referred without reading by Mr. RAMEY, from
citizens OF Loudoun Tor alteration in the Road Laws
60 that the roads may be worked by levy-that the
said laws altered may be submitted TO the voters
The next secinn and that IN every county wherein they
may be adopted by majority they may be regarded as
the law Of the land.
THE BANKS
The bill TO repeal and amend certan acts respecting
the Banks OF this Commonwealth, coming up as The Or.
der of the Day
Mr.. SMITH of |. OF w moved 10 postpone the order 10
some distant day. to give lime for reflection ard e1ami
nation.
Mr.. WATKINS suggested Monday week there being
various important subjects 10 occupy The Intermediate
time.
Mr. EENARLE hoped the motion would no, prevail -
Every member OF the House. who felt disposed to repeal
the lnw Of March, 1897, increasing the capital Of The
listing Banks, would vote for the motion of the delegate
from Goochand, (aIr. Watkns) BE was wholly op.
posed to mlngng together oil the various projects
lat'on to Banks and Banking He had objection to
the posiponement Of the bill before The House until Mon.
day next but he did object 10 connecting 1t with any
other mailer.
MIR. klHsEY trusted that the motion OF the gentleman
from Go"ctiand woui prevail IL n majority OF the
House should be in favor Of the State Bank Scheme,
then would this bill become nuIlity.
MI SHEREARD said that there Gota member OF this
body who did not know beiure he here that this sub
ject would come before 1t for its disposal lie contend
ed that ample time had already been given for consider
nton, and lie ventured 10 say that those who not
prepared 10 90 into debate, wOnd BIZ 80,
other day. II gentlemen had made up their minds that
the charters o the existing Banks not 10 be
ed was only fair and proper that they should be sp.
priced OF The fact 1t was due 10 them and due the
interests of he Common wealth. If the Banks 10
be wound up, was but justice TO them that they should
know their fate as soon as possible. He saw no reason
fer PostPonement until Monday week; but on the con
traTy there good why The sabec should be
disposed OF al an earlier day.
Mir MAY regretted that any motion had been made TO
postpone He thought when subject made the
order oil The day for particular day, that gentlemen
weTe,s general prepared 10 act on IT. al least, he was
lie had not heard any good for further pospon
ing The consideration OF The bill before the House Those
assigned by The gentleman from Isle Of Wight did not
satisfy his (Mr. Ms mind He had, lime since,
submitted resolutions on what was called, though mis-
homer, Free Banking 1t was still his wish that the ex
isng banks should be provided for He was prepared
to on the bill, perhaps, after some amendments
should have been made to IT, lie concluded with say
ing that he could perceive reason whatever for re
teIrIng the various propositions to Committee OF the
Whole.
not prevail He adycIled to the law passed two years
ago for increasing the capital Of the Banks of Virginia.
and the suspension of H. consequence OF their having
suspended specie payments He affirmed tia; il the
the result would be the raising up Of an institution 10
be termed Commonwealth Bank, pledging the faith
OF the Stale ioI all It's notes. Now, the Consequence Of
that would be the prosiralinn and utter destruction of ali
the present and existing Banks He nma,ed that those
gentlemen who professed not 10 be prepared discuss
this bill for Of consideration the subject,
wished to delay The action OF The House it. Delay
their object II was not because they not pre-
pared to act. He thought that Virginia would be So
rously and niuriousy affected by change in her bank
10 nG ,d
of dong any thing which calculated to Cypress the
Banks, ought TO DO every thing in power 10
tain them.
Mr. WATKrxs thought it easy TO perceive from the
tone Of gentlemens speeches, that the House
not likely come to satisfactory conclusion. Gentle
men had been harged with having desire 10 postpone
the subject because they were opposed 10 the existing
Banks Now that was an error he for one, was not in
imcal TO the existing institutions He would moi ask
so long time Monday week, but for the fact, that
there several very important subjects TO be dspos
ed Of next week He hoped the order Of the day would
be postponed; and if that motion should prevail he
would move make this subject the order oil the day
for Monday week
MIR. JAcksos was in favor of postponemen and that
for reason which had moi been adverled 10. He in
favor OF the principle Of Banking; but it would place
him in unfortunate position; If the bill before the
House should now be acted upon he would feel hnsel II
compelled vote for it. He hoped, however, that it
would be postponed TO some day next week.
Mr. Boris remarked that the Banking question was
one of deep interest, and he regretted that every gen.
,eman was not prepared 10 discuss the subject lie
was prepared. although he would vote to postpone IT,
and lie woud do so Tot these casons-tat he desired TO
rive those gentlemen who were not ready TO enter upon
The debate further time 10 acquire the information they
wished Another reason was, and he hoped It would
have its due weight with every genleman-lhat he had
been informed that the President Of the Bank OF VIrgl
mia contemplated presenting a memorial TO this body,
and he (Mr b. presumed ii would be ready by Mon,
day next, He, therefore, hoped that The subject would
be pos, poned until Monday next
AZ, STUART was in favor Of acting on tie bill at this
time because, if il was postponed, sufficient time might
no, be given enable the Banks to act as
miuh deem necessary tc Of opinion, that an in
crease Of banking capital was required. lie would vote
against the motion 10 postpone
After few words from Nessrs FEHAgLE and JACKSON,
The question being taken on the motion 10 postpone,
il agreed to- ., -,
Mr. WA1KIHs ,hon moved that The bill be made the
order of the day for next Monday week.
hrpny advocated The early disposal OF