Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1840-01-09
EDITORS CORRESPONDENCE.


Administration party. are beginning TO manifest D,
little eagerness for the Sent. oral Tray. The Wing,
acting upon Shakspea,e's counsel are neither
rash nor difhdenl." They do not desire delay 70,
the sake Of proscrastinatng The combat but they de
mand tina, the ell, e,ion shall be made by full As
sembly. There 10 now vacancy in the Senate, oc :
casioned BY the resignation Of Mr.. McCary Of the
Loudonn district: aud the election cannot tab
place before the 18Th Of the present month, they
in favor Of deierring Il until at least bey ond
that period. The Goth will probably be fixed upon,
when the resolution. proposing to designate day.
which was this morn,ng laid upon the table, shall
be taken up nexl Tuesday. As to The result, moth
ing has occurred 10 dispeI the uncertainty winch
hangs over il. AT one time deemed The election Of
Judge Jason certain; al another Regarded The cleo
ton Of Mr.. Rvts as at least probable now, libInk
it doubtful whether ei,he, of them viii succeed. nd
| shall not We much surprised if before tie contest,
closes, both parties shall be forced To bring new
men into the field. II seems TO be regarded AS
certain. thai some of the Western Admins patton
members will prove mpracticables in their cppos-
ton 10 Judge Mason; and confess that l am not
surprised at this when hear the manner in which
several Of The Eastern Loco Fucos speak OF MI Me-
Dow ell, who, even had he received the nomination
Of the Caucus couid not hare been eeted as in that
case there would have been ImpracticabteS enough
among Jadge Mason's friends to have defeated him.
This know and you are at hber,y 10 repes, IT,
therefore. for the copsoiston Of Mr.. McDouell,
and his freud Of tie Valley Star. growing out Of
their disappointment at his defeat IN Caucus. lis
triumph there would have been a barren .ie,ory {,
aud l repeat. iersfore, II is moi strange that his
friends here, knowing ihs, rs they must do, I'M
willing TO be bound by the nomination of the eau
Gus. which, lettering them, ii seems, was to leave
Judge Mason's friends free "lIeads, | win; tails.
You lose.' Is rather strong game However, this
is family feud; aud as the Wing have some little
discord in heir own ranks, perhaps We had beue,
sndeavor TO heal that. rather than 10 initiate the
ami lie Of our adversaries by tanning the embers'
Of hostility which lie smouldering in Meir camp.
We had sharp debate this morning, IN the
House, on a resolution of Col. Smith Of L. Of W.,
ia very worthy gentleman. but laboring undo, per
feet Amt, Bank maad) calling Tor the amount Of III
deb,edness of each Director ofeach Bank in the
Commo NV al,h which has suspended specie pay
nen,s at the time of such suspension, and also
whe Their since tn period, the oil the liabi
tiles OF said Directors have severaly been increased
or diminished. The Colonel offered This resolution
first in the Committee on Banks, where ] proposed
for it a substitute 10 the following effect. to wit
That the Presidents Of the several Banks within
this Commonwealth, which have suspended specie
payments, be requested to communicate TO the
mitiec the aggregate dntonnt Of Indebtedness, Of each
Of the Boards OF Directors the period OF such
pension, and likewise the amount Of such aggregate
iadebtedness on the 1st January, 1870" The sub
slit ute was adopted unanimously. with the excep.
| ton Of Mr.. Smith and hence was surprised both
at the renewal Of the motion in the House, and by
the closer Of the vote upon ii which was, be-
iieve, so ayes TO SO noes. could see reason for
compelling Director, any more than any other in
dividua. to exhibit his Bank account to The inspec-
ton Of an idle curiosity; and ii is obvious that II
| Directors ate 10 be subjected to this odious
and unjust discrimination, those persons best quail
fled for The station viii refuse 10 accept it upon
such terms, and, as was well remarked by Mr..
Vxnabe, the office will necessarily be conferred
upon men who. so tfat they can get the mo-
ney, will care for nothing else. Besides, all the in
formation hch is worth having will be procured
by III. substitute, not minutey to be sure but as
satisfactorily, as by the original resolution. The
| returns from the Banks will not state the amounts
due by A, b, c, and so on, respectively, but II viii
state their aggregate Indebtedness at the Two periods
cmbrac ed in the substitute and II may be readily
asceraned from those statements whether tht
Banks suspended specie payments 10 accommodate
the Directors and to enable them TO increase then
discounts. Iftiis was the case in single instance
II will be shown by the difference between tho az
e,cgatc at the period of suspension aud on the Is
Of January last. IT, within these periods, i, shall b'
shown tina, the aggregate Of loans to Directors il
any Bank or at either fthe branches, has been con
siderably augmented it will give rise Of course, Il
just suspicion. and those who opposed the specific
inquiry desired by Col. Smith, will inlerpose no oh
slacle the closest scrutiny. in any case in whcl
this fact appears. Ii may he well to add that tn
Bank Committee is diligently engaged in the prose
culion Of the duties devolyed upon it by the House
and that il is determined TO make a comprehensiv
and searching inquiry Into the condition oithe Bank
? ing institutions Of the Commonw, alth.
You will observe, by the Wing Of this morning
that John S. Gallaher, Esq. reiires from that paper
which will hereafter be nGuced by his late ass
c GATES. Messrs. Peasants Il Mosey. The dissolu
ton has no reference TO political matters at all pt
is entirely a business arrangement. Mr.. Ga'ah'
= will shortly commence the publication OF
Yenman," which, however. is designed only TO u"
until the Presidential election is over; and 81 lie
j. properly encouraged, as hope he will be, by u
Wings Of this State l hare 90 doubt he will :" q