Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1841-12-23
MIR. Jackson offered the following reso-
ihon, which he supported a, come

MIR. Jackson offered the following reso-
luton, which he supported a, come
length
Rssoivsi, That the Committee on Bank, in
qoife into the expedieney cfproyldiug By Law,
that the Banks IT this Con wealth shall
cur,ail all thrr existing discounts or accommo-
dations 10 per cent every 60 days. pnuI all
saw discounts. Accommodations. add debts, are
fully liquidsled and SATISFIED to the Banks. aHd
also OF so providing by Law. that said Banks
shall not hsIeaiisr make apy dlsceuat or &C.
commentaries whatever, OF make any renewal
thereof, ordI~c"unt any biii that has longer
time Ia fun than six months ard that apy p-t.
son vhe may hereafter have discount or se.
eommodatiun for period u SIX mon,hs shan
cot have a renewal OF the same OF any further ae-
commodaiion from such Dahk until period OF ?
months shaii have elapsed from the expiration
Of The discount. or accom- mod alton, OF renewal
which had run siI months; and that said COM
miiiee also inquire whether said Banks, afisr. by
The foregoing process. their discounts thaIl be
reduced so per cent shall be required 10 resume
specie payments. that all non-specie. On wing
Bank paper be inhibited from being received or
paid out by all persons in the Common wealth (;
and also, that the EXISTING provision Of Lao
authorizing the issue OF small bills be continued
DUNG the pleasure Of the General Assembly.
Mr.. Brown objected 10 the assumption
" eu"OIi'y w eutOrCc the bank collec-
,ions by Legislature he was for throwing
the responsibility OF making the collec.
tons upon the Banks-he did not wish
to take that power out OF the hands of
The stockholders.
Mr.. Keen had no notion OF deprivins
n man who bad paid up the Banks. Of
any more discounts for two mou,h..
The question upon the resolution wa,
decided IN the negative without q divi-
lsion.
On motion Of Mr.. Brawner,
Rssoirsd. That the Committee Of Court. OF
Justice inquire into the expedieney OF 90 A.
mending the law requiring notice, motion ana
IJudgmspt on forfeited forthcoming bonds. n. 10
IsuPersede such proceedings, and authorize and
require the clerks TO issue executions on such
forfeited bonds OF ihs next court AFTER the
same shsil be forfeited.
"WEDNESDAY, DEC. IS.
A message was received from the Sc.
nate. announcing the passage Of the bill
for the relief Of the sherifis and other col.
lectors Of the public revenue.
Samuel Shepherd was unanimously re-
elected Public Printer Tor one veSr.
MIR. McRae made an Intellectual at
tempt TO have the lone Hour Rule" +.
doP,ed for the regulation OF debates.
Various resolutions OF Inquiry were
adopted.
THURSDAY. DEC. l6.
Mr.. Holleman. from the Committee on
Banks, reported bill TO continue in force
the act entitled an "act TO authorize the
Banks Of this Commonwealth to issue
notes Of . less denomination than Eve dol.
lars, for limited period Of time" passed.
Feb. 10, 1871. The bill continues The
scl in force till the first day Of April
next.
On motion Of Mr. Wood. the bill was
taken up, and read a first time. Upon
he question of its second reading. a brief
debate occurred. in which il wus suppor,.
ed by Messrs. T0ler and Wood and op .
posed BY Messrs. Dabney add Hole IN an
after which the question was decided in
the affirmative. ayes go. noes 81.
p s. The House Of Delegates on Friday
re-eonsidsred the vote on Mr.. scou's rssoIu-
ton, and adopted it ayes CT. noes Sc. The bill
allowing the Banks 10 issue notes under IS until
tho lst Of April next, wa, also Pa.sd-syss
81, noes Sc