Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1840-02-13

sm-s the ,n,sant Of his stack IN the Bank Of wheel
Ne 10 D,rretos,
NJ. Stephenson. in snrpari nj tie amendment M
ced that most Il the hank failures ~inoh had takef
place in The couatr,. had occurred through iht
DIRECTORS. The amendment wnuii increase pnbiis
c.,.sence in The banks lie called ior the ayes snd
uees.
= Mr.. venabe considered the proposition shsnrsl
and r,schievous one. Il would dive ifomihe Direr-
tsy Of the banks tue mos, substantial business nen
In the community.
Mr.. Robertson though the proposition would de.
FEAT The ohi.ei whle the mover desired. Instead OF
increasing the public confidence IN The Directors. u
would destroy that confidence. Il would bs:.isil
Eze~~ry Director refinr and reduce the tango 81
seiretisn within such narrow limits that no one
wsuid have respect for. much less confluence IN
them.
Mr.. Tuns,sll also opposed the amendment.
zas Mr. Stephenson, II the request Of friends, With
dse~it. sss
Mr. Smith Of |. of w. submitted the following
farther amendment TO the bill;
Asd be II further enacted That bill ofrx hange.
. Sssfi OF other evidence OF debt shall be discono.
ned BY any bank which shall ava ise.i OF the pros
sions oil this act unless the pave, be resident and
carving on business IN this Stale.
-. Mr.. Ienabc and Mr.. Gibson opposed the amend
ment. and commended that lis adoption ~onid exert
a banelai influence not only upon the Banks, but
up.n all the grcal.,oieresis oiihe People.
Mr.. Unexplained how that the payer OF h' re-
IS aiding IA NeN ORR W rs bihr 'ihts w "h'Y
curty for \ citizen IN this State,
l55 Mr. Smith supported hrs amendment, because The
hank. OF late yeats have dabbcd too mnch IN Ex-
change. aud because spectators, who were entitled
TO no counicnance and support, made fortunes by
grace horse bills" lie stated that the Cashier Of
the principal bank in The State in favor oi his
4 mon snion and he believed that many oil the Di-
recr OF the institution were also IN iaFof ui
IL.
So Mr.. Nav opposed the amendment and showed
thai, the evils apprehended by the gentleman from
ls,e OF Wight were amply guarded against by sec.
ton ofthe bill, which requies that no bill due be-
yopd The limits OF the State shall he discounted ex.
cepi by order OF the Board uf Directors.
q The amendment was lost--ayes ., noes 10y.
The bill was then ordered 10 be cngrossed with
out division.
90 Mr. Poeelrs notion the COMMITTEE Of Courts
of Justice was instructed TO inquire into the expc-
diency OF providing by Inv that the commissions
which ma, be allowed 10 any commissioner acting
under the decree Of any Court of Chanceiy Tor the
sale Of psoperiy shall not exceed the amount which
would be allow ed the sheriff for the service
and ,ha, when the person ~ho makes the sale shall
not coliect The amount ol the sales, ony one hall OF
sa,J commission shall be allowed.
On Mr.. Walden's motion.
Resofred. That The Comm Of Courts Of Jus
lice be required 10 examine into the necessity oil
psovding by law, thai trustees shall rive security
Tor the faithful execution oil their duties, when so
required BY aay creditor OF eredito. Of any person
or persons creating any trustee on trustees.
A bill 10 establish a company OF Light lniantty
In the civ Of Richmed was, motion OF Mr..
McRae, taken up, amended, aud ordered to BE- en-
crossed.
ENGROS JED BILLS.
The following engrossed bills we're read tbnd
time aud passed
A bill amending and reducing into act the
several aud parts OF acts, concerning the taxes
On licenses to Keepers of Ordnaies aud houses Of
private eutertsinneuf--to merchans-to senJne
u,as,ers--tD brokers, Ne.
"A ball concerning Flour rfels.
Various bills were taken up their second read
Ing.
bill concerning the arrest Of poor debtofs heie z
upos lis engrossment Mr.. SmiIh OIL. oil w, oppo.
sal and Mr.. Radcliffe supported IL.
The bill provides that when debtor who has no
sisiLie means OF travelling, is arrested, the Sheriff
shall hire conveyance aud charge the expenses OF
rhe same IN the bill olensts.
Mr.. Caldwell moved TO amend by striking out the
clause which requires the charge Of oonve,anc 10
he included IN the bull OF costs; as to make the
Plaintiff pay II.
Mr.. May opposed to the bill and amendment
and mnvrd their indie flute posi- ponea cut which pre-
vailed, ayes so. noes 8.
The bill to prohibit betting on elections, OF.
dered 10 be eoeressed.
GA motion Of Mr.. Taylor Of NJ,
The House adjourned.