Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1841-02-02

required heretofore OF the President, still II should he
borne in mind, that this order of the Board made
the 9th OF February, 1880 What account can be given
tor omissions of the President, prior TO that date and
Of much of the dealcS,on occurred prior TO that
order,
But, sir the duties enoined upon IN, late Cashier by
that order certainly required before to be perform
ed by somebody. Who then bound 10 discharge
them Was it any other officer, or the President: |
should be pleased to be referred to any provision any
of the rules OF the Bank requiring them to erorm such
duties. | confess, have not found any such
MIR. Speaker, 10 obcate all doubt as 10 this objection
ask permission to read the 18th section of the regua-
TONS for the interior of the Bank of Vr-
gina, adopted in 1905, viz at shall be the duty Of
the Cashier to sit the Board of Directors act as
cetary and keep the minutes; to take charge of all
the specie III the Bark, much excepted as he NAV
Judge necessary TO be left for the ordinary business in
the hands of the Teller in the absence OF the Press
dent to take charge of the scn Of the Bank to receive
blank bank notes with the Presidents Signature aud
cause them 10 be filled previously TO Commissioning
: them, and after countersignitg, issue them at
" convenient tunes to the Teller keep register Of
all bank notes so issued, in shch he shall
" hest DEVISE to receive from the Discount Clerk and
Deposit Clerk, person acting rs such and To take
charge of all discounted and deposited notes and to
" deliver the same 10 the Note Clerk or the person
" acting rs such on the morning of the last day OF
" grace and TO make settlement of the notes 50 de-
livered, on the evening of every day, keeping the
: account of discounted distinct from the account of
" deposited notes; to inspect from time 10 time such
individuals accounts he may think proper; to IN
sprct the Iellrrs settlements: to him from time
TO tune bank notes for circulation and deliver 10 linn
specie necessary for the ordinary daily transactions;
g tn receive from him all bank notes which may 10
returned unfit for circulation, for the purpose Of hay-
ing them cancelled, in such hereafter may
. be directed, and all specie which may he than
sufficient for ordinary taDsacons; Ia keen rrrstrrs
Of all Rana and Post Notes cancelled in such tormas
he may think best; 10 have the general supermtend-
OF the officers, clerks and servants Of the Bank,
and with consent Of the President make such more
minute regulations may he necessary for conducting
the business Of the Bank prepare an inventory Of
all the stocks, debts and funds OF The Bank As de.
" tailed and minute manner as possible as they may
stand the first day Of January in every year. which
" shall be kept III book provided for that purpose
and also 10 read from te order ofthc Board If , Feb
lc3l, with view Of comparing their provisions, VIZ
" Al meeting of the President and Directors Of the
" Bank of Virginia, the 9TH Feb, 1859 0rdcrcd.
That for the purpose Of bringing up The business of
" the Bank in arTear, the President and Cashier be
!" thorlsed 10 employ temporarily, 4 competent book
keeper whose pay shall be tie rate o. eleven hun
$ dred dollars per annum; and examining clerk,
!" whose pay shall be the
/" And this Beard dccminr il indispensable to the in
g tcrrst Of this institution, and hr safe and conye
nient transaction of the business Of the samr doth
g hereby direct that in cnre lis accounts be balanced
{ the FIRST day nf April, the first day Of JULY,
" the first day of October, and the first day Of Janu-
&c arv, in every succeeding year
s" counts with the branches, and other Banks with
q which It deals, shall be suited and Scird eac! of
g sad periods. And in ike manner, that III" account
6 ofevcry individual ar partnership dealing with
:" this Bank, be stated and balanced ut each Of the
g said periods, and nj such other times The custom
g ers or daarrs shall require. That in mixing the
" statements Of individuals accounts, each debit shall
9 he compared with the check vouch4 upon which
s is founded and # found to agree, the sad check
= or voucher shall be cancelled, and with the state
nj rafur al IN fha In cir
g balances aforesaid, # the bonks shall be found not
agree shall! be the duty of the book keepers pro-
:" coed forthwith, each day after the Bank closed,
examination OF the books until the variations shall
. be discovered and corrected and all examinations
!" which may he begun, shall be completed IN thirty
8 DAYS thereafter An derstanding shall prevail be-
s. tween the Trers and the hook keepers 10 The
g counts Of the Bank, and the amount OF balances 1t
g the credit of the dealers Of tlr Bank, that
g drafts neither hand shall exist, and the bookkrcp
g shall always readily and privately inform the Tel
g rs of balances the credit Of any dealer without
" delay, and whenever ovcaraits do happen, they shall
" be reported
The Cashier, in addition to his prescribed duties,
J" shall see to the fnfmcnt Of the foregoing orders,
:" and any failure djsobrdencc the part Of any
8 clerk, whose services may be required under the
g said orders shall be reported by him 10 the Pcs
+" dent that the Board Of Directors may act thereon.
" IL shall Furthermore he the duty Of the Cashier
!" daily to inspect the cash account Of the Bank, and
/" Of tie various accounts comprising the lie
)" shall also examine the Teers settlements, and
e compare the same with the cash account and any
material variance shall likewise be reported TO the
!" President that The may be submitted 10 the
g action of the Board Of Directors He shall take
I" into his possession all the funds Of the Bank whe
I" Their in coin, bank notes, checks, or evidences Of
g debit except such he may Judge proper 10 remain,
be placed in the hands OF the Teller, for the
" venIent transaction Of the current operations o! the
+" day.
Sir ia it intended that prior TO the adoption of this
last order, the accounts Of the Bank ba-
lauced the st day Of APRIL Isl day Of July, lst
day Of October and 1st day Of January, or on Sofe
other DAYS: That the genera! accounts were not stated
and Sc tied At some periods that it not requisite that
the accounts Of individuals and firms dealing with the
Bank should be stated and balanced at fixed periods and
nj such other times the customers or dealers should
require that il was unusual 10 compare each debit with
the check or voucher upon which was founded that
was moi the duty ohc keepers keep their books
correctly, and ferror should BE- discovered, were not
bound to correct that error Nc That The Cashier should
not sec the ulflment Of those duties by his subor
dnae officers and If necessary, ought to complain at
the omissions Of the officers To those who possessed
more enlarged powers than HIMSELF that II not the
duty of the Cashier 10 inspect tho cash account Of the
Bank, inspect the elicrs settlements, and keep IN his
pos the funds of the Bank: presume, SIR, that
il is only necessary 10 consider moment on such
proposlioH To be convinced Of It's And for my-
self confess that when after reading the 18th section,
10 which have alluded, afterwards read over the last
order Ut the 8o1rj, was tempted, NJ ars 10 cee'h u
proof of utter negligence and nrgctuncss r one Of the
regulations prescribed hut the year after the grant OF
the original charter and should heretofore have thus
noticed it, had deemed It ccssary, and had not
found that there was, truth, provision, viz:
" That forhc purpose ofbrngingmp the business Oft
" Bank arrcar, the President and CASHIER were ,i-
" tiorsed to employ temporarily two new clerks each
" of whom was 10 be paid eleven hundred dollars
s. year"
Mr. Speaker, | rather in the view taken Of
this branch of the subject in the report OF The Commit
tee in the following that which have quoted:
i /, tb order Of the Boafd cannot be regarded
leasing tho President from any responsibility Of SUI
-. perintendence" alt Ghe ORDER contains nothing 10
discharge him from the imperative obligation before
mentioned. superinend the conduct Of all the ofli
80 GERS Of the Bank: does il, in fact impose du
IS ties or confer powers any material extent, or
the Cashier. The matters there required 10 be done,
ought 10 been done in effect long before; and this
ne and emphatic order and injunction the subject,