Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1841-01-04

bsnds.-f3ut II, on the other hand. there be TO pa-
TO ds,rus, his fidelity sespaeiy, 10 doubt
his general alter ION TO the business and inicests
Of the Blnk rs TOW has appeared to your Com
mi,,se-h moreover appear as there Is abundant
evidence 10 shew, for long series OF years, the
Bank 81 Virginia has, under his management, been
conducted with the greatest success, and well
home as abroad, enjoyed the fullest confidence. in
degree probably exceeded 10y that of no other
banking institution in the Union-lf il further APP
pear, as i does satisfactorily. that tho recent dis.
charge OF his duties by that officer has been /
most exemplary and efficient, and that the insIi
tuition Is rapidly recovering from the blow IL so /
recently reeltd under-f we consider the peculiar
advantages possessed by that officer from hs long
familiarity 18th all the great interests Of the ns,itu
ION, hom his extended reputation as banker, and
the confidence every where reposed in him, nil 1
tending TO give credit strength and prosperity to the
Bank-if we see that ut time, when every material /
fact yet discovered known TO the general meet
ing OF the stockholders, they decided by immense
ma joy of votes that against the interests of
the institution that DR. Brockenbrough should be re-
moved from the Presidency Of it-your Committee |
m view Of these various considerations do not feel
warranted in concluding that any considerations Of
public policy, or due regard 10 the future interest
of the Bank, require that the management of the
Institution should pass into untried hands on, Of
those of its present presiding officer
Rssolred, therefore. as the opinion Of this Com
n,iiee, That the interests OF the State do demand
the removal Of John Boockcnbrough from the Pre-
sidcncy Of the Bank Of Virgins.
Mr. RArcLIrrE did not feel prepared TO go into
the consideration Of this suhjec, the present mo-
ment and he trusted that the House would consent
to lay both reports and the amendment upon the
BILE that they might be printed 10 enable members to
come TO just conclusion on the imponan, matter
in question-Ths course might be objected to on
| the ground, that the stockholders assembled on
Tuesday and therefore that it was absolutely ne
cessasy that immediate action should be had in the
matter; but in Of so much importance ns this
he felt convinced that the boa would hold itself
bound To adjourn rom cay TO day, orr would ne.
cessary do so until they had ascertainsd the wish
OF the Legislature on this subject-Under this view
of the NATTER therefore, he should move that the re.
ports and amendment be laid the table, and that
the usual number of copies be printed for the use OF
the members.
MIR STEPHENSON, Of Tyler, saw that if the mo.
ton just made was adopted, il would defeat the
whole object # the inquiry; for they should not be
able TO come decision until the stockholders would
heve acted the subject and elected their officers
and thus all the labor Of the Committee and OF the
t1ouse would be in vain. He regretted much that
} the gentleman from PRICE william had found it
necessary TO make this motion until, at all events,
he had ascertained whether the stockbo dcrs would
postpone the election of officers He for his
} own part. felt perfectly convinced, that the stock
holders OF the Bank Of Virginia would not delay the
act on in the case for the State. The Executive by
the law, was obi ged TO select four Directors out OF
the nine, and that Tuesday nex,, and should he
D fail to do so, the stockholders would 20 on to make
the eeclon witho ut Il EN-. IL the State refuse ed OF
neglected 10 appoint her directors this was no req
son why tie stockholders should ref ain from exer
] cislng their rights and the dut es imposed uror
them, and they would not do so. Unless the gem
' tleman from Pnrce Will m would consent &c
make the m liter the o, der OF the day for Monday
he could not and he trusted that the House woul,
, not consent to the present motion.
Mr. RArcLiFFE could not consent 10 the proposr
ton OF the gentleman from Tyler. The charac,e
oi certain parties connected with the Bank Of Viz
NJ NJ aLA l..
10 make any sacrifice, rather than be hurried int,
the commission OF wrong in this most importan
= piucuar Were the members of that House ther
prepared, or would they be on Monday, to CIV
, vote and dthntlvely decide on the various ques
. tons involved in these Repoltsl II some member
iet themselves able TO decide upon the question: h,
did rot, and he should shuddtr ut tue idea o
woundlng the honor OF gentleman at that time I'll
ling high and responsible station. His only ob
lect was to give gentlemen opportunity of look
- ing INTO the subject in all its bearings and lie q,
not conceiTe that there existed an urgent necessit,
Tor coming at once TO a vote on n subject which
many could not understand. Under the peculia
circumstances of this case, he was Convinced tina
the Board would not proceed to action, which, in
egced, the Executive had the power To prevent bu
: would adjourn, from time TO time, until that Hous
: had come decisive vote upon the subject.
Mr.. BAILY could not him self vote UNDERSTANDINGS,
on this subjec; until he had had an opportunity o
examining the reports and the evidence furnished
before the committee, and would therefore vote will
great pleasure 10 lay the reports upon the table Of
iering TO amend the resolution upon the printing
as that the evidence taken before the commute,
M ght also be printed md laid before the membeTs
Inc gentleman from Tyler took the ground that i
'hey did not act now on The subject all events
on Monday, that the effect Of il would be TO AMIN
all the proceedings they had taken in relation to that
suh]eci, because, the gentleman urged, that Tues
u'y, The board, without any regard 10 the action oil
That house, would act dehniti'ely upon the subject
Suppose this selt really TO ensue-Suppose IL irus
10 lime fnOA a,k Ia sn n 4.
, holders would on Tuesday postpone the matter
could the house suppose that they would noti-thai
, they would, notwithstanding they knew that they
who represented the the State were mr.
ous to satisfy their minds before actin on the sub
ieci, preclude them from acng;-could thew sun.
pose that hey would do the improbable thing of go.
ing into the election when the stockholders possess,
ed oil a third Of the int rest in the bank were no,
prepared TO aot-Bp. supposrg that the stock
holders, dErssaidng all the sc coas ratons should
cehnitively act, did the gentleman from Tyler sup.
pose ta the private stockholders, spurred on by
;..e noHeriul Of all considerations that of pc
Gun airy personal n'e esi woud not take that
mo most benthc al To tile own inleres s. and their
lnteIes ltIng The same with that OF the Common
wealth, 10 have lief the aft il ,ntrcly in lheir ow
hands-He feli COW need TINT he bu mess would
DC well taken care Of Ivy them who must OF neccs-
slty know much ore Of the matter than the mem.
hers OF that house-It was ro prob lie that inius.
tee would be done It ltf TO the private stockhoI.
ders; they might remove Dr.. Brockonbrougn OF
HiSnt Ieappolnt MN; but his own impression was
that they would do what perfectly right in the
matter-Dld the gentleman from Tyler believe that
the private stockholders would take on oppottuny
! OF thwarting the wishes OF that house when they
, were dependent upon them for the renewal of ihe
charter, VIII oh expired he believed next March7 Thai
house heid their very existence in their hands ant
\ could hey then believe uat these private stock
holders wohd, against their wishes % into the &C.
. ton on Tues i,y next1-Thit was a supp sitinn
{ whlch he gould no e. isrtan-Hc believed tn At the
stockhol c would post one the subject from day
\ TO day until that louse prepared TO ac;-Tbsrc
was vey sri Us difference Of opinion in that
tiall as TO villa should be done; but that part wa,
D made opp rent, ty the, e. say the le, 81 Of IT,
very plau IDLE rel or, Ir sen d 10y the eentlen on
from Riei m nd ci y, who iepres n ed c, natitu.
tncy ~ or ntT sled in the ubj ct than any other
n tie Site. Upon tv'ry ONT they had ,esn and
he,rd sufficient satisfy them that no subj o. re-
r quircd tie dtepet consGer t,on. He tho gat II
was their imperative duiy to print the several re-
d ports, and the evidence on which those reports
Q were founded, HAT thus they might be enabled "a
f examine The subject diligently, and come TO con.
o clusion, which, when come TO- they might have
some assurance was proper ono. He put the aues-
. ton singlY TO every individual in the Hall, and
!. asked Whether any member could respond and saw
o that no now understood the matter-thnt he wa,
now IN possession Of such information rs would en-.
J., able him to act properly, and do injustice to No
4 one. Tie had not That necessary information, and
c he did not believe that the House had. The Com