Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1841-03-02
Bills Passed.
MONDAY, March LIST. 1911.

The Senate announced that they had passed the
bill entitled IAN act concerning the jurisdiction Of
the Circuit Superior Courts OF Law and Chance
Ty;" with an amendment.
On motion of Mr. WILLIAMSON Ordered tb,, Ie,,.
be gwen TO bring in bill to appoint Commission
ers TO run and mark the line between the counts,
OF Wythe and Grayson; and that Messrs. Wilkin.
son. Goodson, Mclaughlin, Hannah and Carpen.
ter, prepare and bring in the same.
On motion of MIR BRYAE, a bill authorizine R,r
tholomew Fleming 10 establish a Ferry across the
Ohio River, was read first time
A report, from the Select Committee on Public
f'oIhces, on The subject of the nuisance contiguous
10 The Government House, was read and snid ra
port, recommending the construction Of A nIank
fence connected and continuous with the br;ck w M
in rear the Governors kitchen until il re,cbs.
the brow OF the hill near the Museum building. and
thence eastwardly TO the present brick wall which
separates the Square from the Governors lot
Agreed 10.
The order OF the day upon the resolution rela-
tive to the call of a Convention 10 amend the Com
stiiution OF the State, being read on motion of Mr.
STEPHENSON, OF Tyler, the same was osiponed
until Monday next.
The further order of the day upon the billto pre-
vent citizens of New York from carrying slaves out
oil this Commonwealth, and to prevent the escape
OF persons charged with he commission of any
crime, was postponed until tomorrow.
The Bill imposing taxes for the support of Gov
eminent, was taken up, motion of Dir FULTos.
read third time and passed. Ayes 81. noes as
MIR BRoADUs carried up the bill 10 the Senate.
and requested their concurrence
Bank Bin.
bill concerning the Banks Of this Common.
wealth, wIh the amendments thereto pronoSed IN,
the COMMITTEE on Banks, was taken up. on motion
OF Mr. CRUTcHFIELD, and the said amendments
being agreed to,--the same was further amended
on motion of Mr. BRowN, of Preston, who Curtbes
proposed TO amend the first section of the bill which
provides that If any Bank Incorporated Lv Ia,v in
h ped lie 81.
TO pay It's notes or debts in specie such forfeiture
shall ce, and the same j. hereby RENTED and the
charters of all such Banks, with the rights and
powers thereby conferred, shall be, and the same
are hereby, declared to be in full force and efect"-
by adding thereto, provided, however, that the
Legislature reserves the power Of hereafter altering
or amending the charters OF such Banks in all re-
spects whatevsr'-and the question being nut
thereupon, was determined in the negative: ayes
"A, noes %.
A motion made by Mr. BRowS of Preston IN
amend the said bi by striking out the third section
THAT so much Ofany act as subjects the Il INKS Of
this State TO forfeiture OF charter Tor failing or refs
ing hereafter TO pay specie on demand shall he and
The same hereby repealed; but the Legislature re-
serves toll power 10 modify or re- peal at pleasure the
charter ofany Bank which shall hereafter f,il or re-
Fuse TO pay us no rs or debts in specie on demand
This motion was rejected: ayes 2s, noes II.
motion was then made by Mr. SMITH Of Isle of
WIght' 70 amend the said bill by inserting after the
sixth section the following:
Ind be Il further enacted, That the holder mr.
bearer OF any note OF Bunk Of this Commonwealth
which has suspended or may hereafter suspend sne.
cle payments, may present the same for payment Mt
lhs oank "here was issued, and II payment there
of he refused the CASHIER, Teller or other oce, n
slId Bank, shall endorse thereon the fact and date
OF such presentation, and such noe snail thereafter
bear an interest OF SIX per cent Der npoun until
paid; and II the Cashier, Teller or other officer Of
any Bank, having su pended specie payments as
uIn eaIn hall nf.s r.
ment aforesaid, the holder bearer Of anv moi. an
presented for p'Ymen', may obtain judgment for
the same with ~ per cent interest from the time or
such presentation, 10 be recovered in the manner
prescribed IN the fourth section Of the act entitled
IAN act establishing general regulations for the inc,t
poration Of Banks" passed March 22. 1887, Pro
vlded That no note endorsed aforesaid shall car.
~ interest longer than thirty days after the Bank
shall have bona hje resumed the payment of It's
notes 10 specie on demand.
Mr. RoBERTsoE SAID, II there was any subject he
approached with something akin TO heart sickness
u vas these neyer-endng experiments on the cur
rency. We had recently seen this whole country
filed with gloom and desolltion from such causes
not 10 approach them with apprehension. There
was no subject so delicate or so absiruse-none
that ought, az all Seasons 10 be Approached with 40
much caution or forbearaDce; bot, now, when The
currency was so much deranged-when IL issued
from so many fountains, IN such varied quantities
and Of such various qualties-when efforts were
every where making 10 place u, " possible, on n
stable ioundaton-was IL a time 70 be embarking in
new experiments, the effects Of which no man could
with any confdcncs fOresse7 The proposition de.
served pre- -em.nently 10 be characterized as an er.
pyimsHL II proposed 10 create an interest bsarfgg
eHyrsney-a thing heretofore urhenrd of-upknow1
in this Country or in Europe-without the recon-
mendston, be believed he might sty, without ever
having been suggested by any writer on currency.
or any distinguished Statesman IN either country
something quite "new under the SUM- Surrey IL
was incumbent on those bringing forward such
proposition, to'shOw, 20 demonstrate, indeed that
no evil would flow from IT, II had mt been
done. On the other hand, he (Mr RI thought
the proposition Taught with very serious evils.
who could say what the effect Of an endorsement
on bank notes, stating that payment in specie had
been refused, would be on the minds Of the more
ignorant portions Of the community Might IL
not, IN place Of increasing confidence, be viewed as
mark Of dscrodit, create panic, and thus result TO
the poour and less informed citizens, in serious los
sesi Would not that he the probable effect, ard
those 70 whom we most owed protection, part with
money 81 a sscrhce1 Again, as soon az such dis.
honored notes began 10 circulate, might they not be
70 the great dcran ement ofthe business 9th coun-
toy, poured IN a vast sire I'm upon the banks an
operation attended with increasing discreda and