Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1841-12-23
THE HOUsE-YEsTERDAY

The following bills were read third time. ard
passed:
I. To change the place Of holding ,cn,,,,.
Tyler. VI
,. Regulating and restraining crsdits. nv r.,.
chants aud Others, 10 students of the Virginia Mil
tory Institute. ''''-
). Amending tn. charter Of the Town OF Peters
Ours, tor certain purposes.
4. To revive the act entitled am re-, nrorid;,
Tor tnking tho sense Of the citizens Of Tyler ron,iv
upon the removal Of the sea. Of Justice for said
county.
Mr. Dofman offered a resolution: !. recurring the
Isl Auditor TO open correspondence with the
wheeling Banks, to ascertain whether INV mr.
'angement can be effected by which the noi.s Of
''id banks received by the State in payment Of the
PHoIc revenue can be made available to the use Of
the Commonwealth at par value; and 2. Whether
The ". w. D'nk will receive their notes. and tho
notes Of the VI. & NJ. Bank in payment Of the honda
OF the State, held by said ". w. BANK
This resolution gave rise to a protrac.ed debate
Mr. Wallace Of p, opposed II with much earnest
ness, and recommended srcnuously the adoption oe
his resolution, requiring the Wheeling notes to bs
sold, II sale could he effected, at less discount
than 10 per cent. He based his argument in gun
port OF his proposition upon an assertion of Mr.
Jackson. that the Wheeling notes were worth AZ
much as the Richmond notes. Mr. Jackson replied.
and went into particulars to show wherefore his MS
sertion was couect-snd maintaining that great in.
justice had been done to the Wheeling Binks. by
the Banks Of Richmond, and th,t still greater in =
justice might result from the efforts made in the
House TO dscredit them in public estimation. III.
afhrmed It as his belief, that they were rs we'll pre-
pared to resume rs others, and he was willing to 20
with the hard money gentleman from PETERSBURG, in
eoerclng on immediate resumption. That would test
the question, which Of the Banks wero best able to
meet their obligations. Mr Wallace rsi,ined nj
large, and showed that he had n touch Of Burke
about him-for while no went on refining, others
thought Of dining. lie admitted chat he could
not go with Mr.. Jackson for resumption, be-
cause he was tied hands and feet-but he invited
J him TO 90 with his friend from Isle Of Wight. When
| he got through Mr.. Holleman took the stand. I,
Is contrary 70 one Of the standing rules Of the
House for any question relating TO Banking or Fl
nance to be decided, until Mr. ". has delivered m.
views, aud enabled gentlemen to vote understand.
inFy lie had objection to the first portion Of IN,
resolution; but he could no, acquesee in the latter
II was like tho boy, who asked q shilling for hi,
eggs, bot would take nine pence Hs could no
listen TO the idea Of giving the depreciated notes
the Wheeling Banks f1r State Bonds. That woul,
be to liquidate one debt and create another. Fl,
moved to strike out the latter part Of the resolution
which notion after brief reply from Mr. Dorman
vas agreed TO. The resolution, as amended, wa
then adopted. Ayes 10, noes 2.
Mr. Jackson then offered resolution for the Oh
pointmen. Of COMMITTEE to visit Wheeling and IN
vesugate the condition Of the Banks. Ills obiee
was to provo to the world, that they were in
soundor state than the Richmond Banks. But be
foro any question was tskep, the House dl5urnet