Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1840-01-28

The SrEAEER submitted to the House Report from
the Register of the Land Office responding rrsulu.
ton Of the House of the 18th inst requiring the Re-
rstcr ''to furnish statement showing how many of.
hcrrs and soldiers have received military warrants for
services III the Revolutions; besides those incmded in
the sn'cient of the Register, bearing date 10th Dec.
l"i: also how many officers have received their war
ri;S, and what portion received prior to the year
Isl, a!i wlia! number Of them were in the contincn.
IA! line; also ;hc number Of Generals, Coloncls Lieut.
Colonies, Chap!ains and Surgeons and the quantity of
land pad to each c!ass.'' The Register reports the
whole number of persons, for whose military services
warrants have issued the 24th January 1910 nclu-
s!vc, al 6il-Olccrs for whose services land military
warrants have heretofore issued, 1882, of whom the Of
fccrs OF the Continental line 1890 Officers for
whose services warrants issued prior TO the close of the
year lI94, was sS-and the quantity of land received
BY so officers prior 10 the close of the year 1884
1904 ,O9S % acrcs--Thc table of Generals, Colonels
nc, &c, shows 329 795 acres of land paid.
Mr.. SMITH of /. Of w. submitted the following
solutions
"Rcsot"onS intended 10 be offered as substitute for
The Resolutions reported hyMe Committee on Banks:
81 Reso'ecd, That the several banks of this Com
monwenlth which suspended specie payments in Octo-
Der last adopted that under the influence of
most uhustIhabe Panic and without making any CT
fort to meet their engagements.
~ RcSoir6d, That in the opinion of this Committee
the snircncy of the said Banks is free from any rational
doubt, nor is there any believe, that the value
OF their stock is materially impaired.
''3 Rcs0'ucd, That on the immediate resumption of
specie payments BY the said Banks, provisions ought
TO be made by law for relieving them from the penal
ties and forfeiture heretofore incurred under such con-
dtlons and restrictions may in future conne their
operations within narrower limits
On MIR. SnIrH's motion, these Resolutions were laid
upon the table and ordered to be printed On present.
ing them, he remarked that he had in the reports
from the Banks that he had been reported owning
several shares If Rank stock-and he thought
proper to correct the mistake. Hc was prompted to
make the correction, lest persons might suppose
that he had called for the information from the Banks,
in relation to the stock owned by members, from de-
sire to show the world that he in possession OF SO
much bank stock-or lest some might suspect him
of wish to show peculiar dsinteresedness in making
such call. He incapable, he hoped, of either
feeling; and besides il not correct for, he owned
bank stock; because his pccunlary situation was not
such, as to enable him to purchase stock He owned
no such stock az had been reported unless gene
rous individual had without his knowledge, assigned
him so much stock generosity which he had no right
to expect md which he certainly should not decline.
But the fac was he had doubt the mistake had arr
sen from the officers of the Banks confounding him
with other person Of his name The name OF
Smith Of the most common in the Anglo
Saxon language; and Mr.. s. remarked, that he was
acquainted with gentleman in Nanscmond county, OF
the o! Arthur Smith, who was i'll circumstances
to Justify the purchase of Bank stock He had no
uOuDt lndlHc was inc Will WIOlH He luu
had the honor of being confounded.
Mr.. SMITH submitted the following resolutions
RGsoircd That it is expedient to modify the charters
of the Banks of this Commonwealth which have, or
may hereafter forfeit them by suspension of specie
payments IN the following particulars, to wit
!. No Bsnk shall Issue put into circulation, any
bond, note draft other evidence of debt which IS not
payable on demand.
2. Whenever the cash liabilities ola Bank, (ncludng
bonds notes or other evidences of debt in circulation,
and deposs,) shall exceed three times the amount OF
their specie hand, held to pay the demands against
L. there shall be a regular and gradual reduction of its
liabilities by Curtament otherwise, until its specie
aforesaid shall hear to its said cash liabilities greater
proportion than third
3. After the day of no note or bill
shall be discounted BY Bank for loan made TO an
individual company, who shall have been more
than year preceding continually indebted to il.
T. report Of the amount Of the cash liabilities of
Bank, and of lis specie on hand, shall he published
every two months, in al least two newspapers,
if many published in the county in which the prin-
cipa bank, that having the greatest amount of capt.
tai, is located
5. No dividends shall be made by a Bank which has
suspended specie payments, until seven months after 1t
shall have resumed.
payment thereof refused shall be endorsed BY Of
cc Of the Bank and thereafter shall carry interest at
the rate of per cent. per annum, until paid.
:. In the event of suspension of specie payments
by Bank and resumption thereof within 30 days,
and bona fdc continuance of the same for months
thereafter no forfeiture Of its charter shall be incurred
s. In the event of the suspension of specie payments
BY any prime pal Bank any branch Bank thereof,
that Bank or branch only which shall have suspended,
shall be liable to forfeiture of its charter and the
principal Bank, if it shall have suspended shall be
transferred that branch having the greatest amount
of capital which shall have continued to pay its debts
in specie on demand.
o. That no bill of exchange note, draft or other
| - p..l-
less the payer be resident of this State, carrying
business within the limits of the
10. That note the amount of which is not null
tipc of the lowest for which Bank may lawfully
issue its notes. shall be issued by Banks, under the
or denomination Of fifty dollars
On Mr.. SMITHS motion, these resolutions were laid
upon the table and ordered to be printed
The following cngrossed bills read Sd time
and passed, viz bill "amending the charter of the
Wheeling Fire and Marine Insurance Company and
bill "Concernng the reward for killing wolves in the
counties of Loudoun and Fauquier.
Mr.. VESARLE moved that the bill "conccrnng the
Banks should be made the order of the day for Tues
day next.-Mr. SMITH of ]. of w objected to the day,
because it subject which might take up time,
and the election of Senator the next day (Wednes-
dav) might Interfere with the discussion of the BILL
He himself would suggest Monday, the Sd February
but after further nversation Mr. Smith proposed Fri
day, the 3lst inst, to which the House agreed.
PETITIONS.
dry citizens of Fairfax TO lay off and incorporate the
town of Drancsvc--also from sundry citizens of the
same county, praying change of tolls on the Little
River Turnpike Road-By Mr.. RAMEr, from sundry
citizens of Loudoun praying the passage of special
road law for that county-By Mr.. GoopE, rcmon
STRANGE in behalf Of the heirs and next of kin of Mar
tin Dawson dec d, against the petition of the Literary
Fund and the Executors Of Dawson.
On motion Of Mr.. BANKS, the Committee of Agri-
culture &c, instructed to enquire into the exped
tt,1
and branding of flour.
A Message received from the Senate, by Mr.
Tod, returning the resolution for proceeding to the
Election of Governor, changing the day of election
from the 9Th to the ls But the amendment did not
change the day of the week, and the resolution
amended ran "Hedncsday the 1st'-the House disa-
greed.
report from the Committee of Finance was taken
up One resolution declared nerpcdient to amend
much of the law which provides for the paymcn: of
poor rates on or before the st of November every
year, as require the Shcrs other collectors to
make payment, on or before the 18th Superintendent