Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1840-01-13
EDITORS CORRESPONDENTS.

EDITORS CORRESPONDENCE.
RICHMOND, Jan. G, 1S40
This morning. in The House Of Delegates, Col.
Smith Of Isle OF Wig ht brought forward anothcr,e-
solution for Bank enquiy-to wit. asto the number
Of members of the Housewife are stockholders in
those nstiiullons-~heher any Of them, and if any
who are indebted 10 them, and the amount Of their
liabilities, either as principals or endorsers--and
whe lhct such liabilities have been increased since
the period of the SUSPENSION. On the suggestion of
Mr.. Burwell Of Bedford, the Colonel modified his
resolution so as TO embrace The partnership well
as indriduct Liabilities Of members-and at mine,
he further modified so as to report the names Of The
members who hold stock. and the number Of shares
held by each. In this shape il passed nearly unan
mousy; though many who voted foi it, perhaps a
majority, myself among the number) were opposed
the principle of the resolution and only voted for
ii TO avoid The impuiation that might lave been
founded upon a negative vote, tha, they are 50 seep-
~ interested in these institutions that they cannot
lrgislale dsinieresledy on questions 10 which the
Banks are party. The resolution distinctly sup
ported upon tins ground by Judge May and MI.
Tunsall. 1t was opposed by Mcssrs. Robertson,
Venable, Worthington and McRae, on the ground
it is an iuqusitorial proceeding touching The
private business Of individuals, OF which tie House
has no right TO take coenzance, and in relation 10
which the constituent body much better qualf-
ed 10 Judge. There is great force in the OBJ lection
but the Wings have been so often accused of being
-" Bank-GougM," and frequently charged with
Sitting enquiry" because they under the in
fuenue Of these institutions, that, although be-
lie'lng ii to be most impairment procedure. and
that the result ofihe Investigation will lead 10 o.
Their consequence but The qualification of morbid
curiosity, they almost to man. voted for the
luton. In the couise Of the debate, Col Smith
took occasion 10 remark that some of the Wings
sounder on the Bank question than some of
his Loco Foco brethren and particularly referred 10
the distinguished member from Petersburg as an H.
uslralion of his remark. Yet | know sing
Wing who would not very willingly adopt all
Judge Mays opinions upon the principles Of Bank
ing
AT a subsequent. part Of the day, Mr.. Stevenson,
OF Tyler, threw dampcr uron the inquisiioriat zeal
even Of the gentleman from Isle OF Wight, bv
offering resolution ii srucing the Bank committee
TO enquire into the truth olthe rumor imputing to
DIR. Brockenbrough, the President ofthe Bank OF
Virginia, decaration that the stock of that Bank is
worth SO cents in the dollar, and likewise into the
exredency of insuucng the Treasurer OF the Com
msnweallh to vote against the re-appoinlmeIt of
DIR. b. one OF the Directors Of that institution.
Never did see "wounded pigeons nutter mere
violently. Col. Smith moved its indefinite post
ponement, IS il the "sayi pgs and doings" Of the
President ofMe Bank we're not as legitimate sub
rcts Of enquiry the Indebtedness these nsliiu-
inns hare nf the r. u;sI, Al.
well remarked that that the very last quar-
ter from which he could have anticipated such a
motion-fom gentleman who had been. day after
day. Offering resolutions OF etq1iry, and who desired
TO ferret out the abuses Of The system by the most
scrutluizng and vigorous Investigation. The reso-
luton was also opposed by Mr. Robertson and Mr..
Venable on the ground that the remark attributed 10
DIR. Brooke nbrough did not come TO the knowledge
OF the Legislature in form sufficcnily authentic 10
justify such step,& that lift was made at ALL il WIS
made in state of excitement, and in the heat u
arg uncut, and was contingent in lis characier,-
such as il the Bank accepted the charter passed
last winter, he "ould not give so cents in the dol
lar for the stuck, &c. All this may be very true
though have heard a different version of the cir
cumslances under which the declaration was made.
And ii seems 10 me that the Doctor ard his friends
The version now given OF il be true ought to be
the fins. to desire the erqumy. The remark was
well calculated 10 impair the value Of he stock, as
well as to create doubts of the solyency Of the insli-
tuition. particularly The charter uos nccc3 ied the
acceptance Of which, in DR.. BIS opinion, was 10
work the depnciatiJn in is value. Finally, hos ever
while the motion for indefinite postponement was
pending, the House, on motion Of Mr.. VcnabIe. al
about quarter past O'clock, adjonrned-ayes 60,
noes 81. We shall see, when This resolution CONES
mp again, who are infavor of lodging tnquiru-aud
II II be denied by those who are for bringing every
body else but Hard Money Democratic Bank
President, who is now a leading nominee for the
ounerna'Ionai chair, up 40 the rack" The people
vi" De at 90 loss TO guess the motye Of this sudden
costtyeness
Nh Calhoun observe by the y. luteIljg.ncet Of