Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1839-12-10

return upon the Banks would be increased at such a
time and brsdrs thar, the payment of drpos;tcS would
he rxacicd in coin.
Inc reduction of the outstanding debt and of the La
b'iilcs q" the Bank, had been steadily looked t. ante
ror 10 the suspension Of the Banks the before
mentioned IT was policy, however, that had, o.
COURSE t." hc modified and limited by due regard its
ELECTS on the property business, cmployments and
commerce of the country Hence the reduction was
pursued with caution and less was accompl shed ,hau
would have satisfied the Judgment Of those having the
management of the inst tuition, If they had been IL
berry I" disregard the hirh claims of the commun ty
Il nGs' be admitted, that time and great orhcarance
are necessary BRING about change banking, cspe-
r'aly when, IN this State, II has been conducted
'hr ugh long series Of years upon terms Of great
dulgcncc and lhcrallty At the date of the late
pension, the Board satisfied that the Gucnccs
II ncauti"us attempt 10 maintain spcc,e payments
would have been the loss nj lcas, of the spec capital
To supply the foreign demand Tor the proS'rai,on Of
business OF every nd ulang with the pr I every de-
scr'pt.on OF propcr aad general embarrassment and
d,srr.d.t.
The capital Of The, Bank has been increased since the
bcginn ng OF the year, nearly 6Jrln and the L, bt
ou'stamd ne has been reduced sorErr! ~ mere thaa
S'50,pO0 With that prr,d the circulation has been
mlnis!rd upwards Of S;5sr,aur and the dcposics
more than S:;ur jOO
The circulation aud the NJ deb, arc less ro
tinn they the 18th October, when tn. suspc..-
son resolved by which apyearS that the Eali
has not departed from the OF cautious rcduc on
WHICH VI hiH prtFlnhsIV~p!escrbci 10 itself me ne
"i discounts and circulation compared with the spec =,
aye each within the limits prcscr bed by the &C, OF, .s-
<cnhv
TIL" last dividend of profits declared was at the rate
Of per ccntum, which, on the capital of S2GUO,G0D,
amounted To Sl2OOuu
The Bank has continued To supply the commGn y
literally with change and By some o;thc branches Of
this INST tuition larg" demands, made by brokers and
others, have been paid in coin, rather than incur the
penalties Of protest
hoo 4 10 , i,.
public considerations, at the rsk Of serious
lUcnccs TO itself, and of great embarrassment the Of
ccrs, IN The humble confidence that it Will be approved
by the General Assembly
have the honor to be,
With great respect,
Your nbcd cnt servant,
WI. II. MACFARLASD President.
To lis ENcccncy DAWN C,urDrLL
Mr., ALLYN of Norfolk presented a memorial from
he EXchang" Bank, ask mr. that some protection be
granted 10 the Institution against the demands Of bro.
scrs and moncychangcrS and that permission may be
granrd III" Bank 10 ISSUE notes OF The denomination Of
"" dolIars-whch Mr. ALLrN> motion. was or
tered To BE- printed
Stoc IF tie TURNER'S B0nk, iac'uJpg tie Branches on
.ao"doy, Mc 2md bccemtcr, 1889:
Debt outstanding
Inland bills, l,2l2,757 IS
Bills discount
ed, bonds and
all other debts,
Sc, 37s2,59i 07-Si,995,35l 90
'orcign bills G936 50
arIncrs Bank stock, - shares 1900 90
'p"ce, l.5Il 20
Votes OF other Banks, 207 .32- %
)uc from other Banks, 7l.O33 81
tca! Estate, l993l2 II
S6.06GoJ 81
Capital Stock
Old stock, 2,0oo0oo %
New stock m
staimrntsand
interest, 90. l10 9l-S SO 4.D 81
Notes in circulation. 2l32 l93 30
)cp"Stc money, Commonwealth, and
others, 1Jl23, 20
'ont3ngrn Fund, 4,-G9 ~
'r"Gt and loss Of the institution
Sin months, is :JO3 -,
SG,oI6Gu5 ~
nrmers Banh Of H., Richmond, Sd Drc l-3?
The undersigned, Directors of the Farmers Bank Of
irernia. certify that the foregoing statements have
""n examined and are believed 10 be correct:
Charles Ellis. SAM Marx
\ Peasants, Samuel Reeve,
Nicholas Mills, o. Williams,
Vim. II. hubbard, SubIrrt McGrudcr
James ger,
Sworn To hv ]. c. Blair, Cashlrr)
Alr. FoSrN>E offered the following resolutionwh
vas rejected:
RcS0ircd, That the Commute" on the Militia Laws
uqu!re into the rXpediency Of repeating much the
Militia Laws revised in l-l, relates the training
u officers ana holding oil muStcrS, and leu thereof.
cqujrng the field officers and staff, with the comm;s.
ioncd officers and scrgeans of each company in
cg nrnt, and the commissioned officers and serGeants
y the volunteer companies attached thereto, to
lie once IN every year, al place be selected bv
ne votes Of majority of sad officers. md there bc
ned and instructed, agreeaby the mode prescr bed
" Congress: each officer 70 be urn shed tn mnskcts
nd accouigcnents, at the expense of the State 10 be
andcd over TO his successors. And that the General
# Br gaGc be required to attend enc such ira n NJ in
very year with different egment unit! he has train.
d wlth all of the regiments in his command; then
commencing with the first and SO in rotation. Each
iicer being allowed the sum Of per diem
And further, that 81 d Committee INQUIRE INTO the
Spcd ency Of abolish no all COM any, battalion and
.mcnal mustcrs, except The spring company mustars,
nd in Gu thereof, that each man, between the ares Of
: and ~, be required 70 pay the of - T. be
collected IN the same manner that other militia fines
re now collected, and TO b" appropriated 10 the pay
nent Of the per ON allowance ofthn officers aarcsa
THIS resolution rejected; but the motion being
ons dcred, motion Of Mr. F,x Mr. Tavloe ctfereG
he follow mr. Substtutr wh ch ad ptCd
RCS0 rcd. That the Committee on the VI Liza be m
tructed to nqu into the e2 cdcncy Of revising OF
mend,ng the eX st ng II lltra Laws.
On motion, the House adjourned.
SENATE.