Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1841-05-22


Daane,s resolulians were good ne an abstract doe.
tnne--but could he expect that the DIectofs were
| 10 reform the worldf lie would have no ohiec-
ton TO divide Mr. Dusne's resolutions. and vote Cor
part oi them. Ono resolution was met by ptcsi.
Gus resolution OF the stockholders hold the OH.
GERS oithe Bank and others who were able TO their
legal responsibility.
MIR Montgomery said tina, the previous resolu.
tons ct meetings, LETT II discretionary with the ID
rectors; but if his resolution passedt would take
away responsibility on their part aud relieve them,
perhaps OF n difficulty.
Colonel dayton said that il was intin,aied tina,
improper practices in brbng the press legislatures
&c, n"u taken place. lie did not say they had
not-eut he solemnly said that the Directors of the
bink, since he had belonged to it, had no, used any
money IN any such manner, directly or indirectly
and they telt that ithcy had attempted such thing,
,hey would have deserved the utter detesistion Of
ther fellow citizens. lie never knew Of any pro
ceedngs of the kind. Colonel ID. said that steps
would be taken against individuals who were LA
BILE to the Bank. They had already commenced
ineipient suits, and had engaged eminent counsel.
lie could assure the meeting, that the Directors had
not slept, md were not sleeping ON what had been
submitted to them on that particular head.
Mr.. Montgomery withdrew his resolution.
MIR. Duane. IN reply to Colonel Drayton, said
that his (Nr. DIS resolutions referred to a period
prior 10 Colonel D's. election. IL had been said
that the money of the Bank had been used for pur
poses not explained, that officers had behaved I'M
properly, &c; and he eontended that such Tesol,.
tons as he proposed, were due to the moral sense
OF the community
After some conservation. IL was decided that Mr.
Dnase's resolutions should he put separately.
The first was carried,
The second WAS carried, with alterations, as
above.
Mr.. Eyre, Of Harrisburg, in reply to n question.
as whether he knew any thing OF bribery rs he
was a member Of the Legislature at the time sup.
posed-replied, that II such things had been done
he could only say that he did get slice in any
case. lie knew noth1g Of il, and could give no
information.
The third resolution was carried as above.
On the fourth and last being put, Mr. Kennedy
said that the publication Of the names ofthe individ-
uals owing the active and suspended debt would
operate nluriously. Ii the public or stockholders
were to derive any positive advantage from it, he
would not oppose-but they would not. He hecsed
TO say that he was noka "wouuded piseou'-not n
debtor TO the Bank.-He did not fear-only as a
stockhoder.
MIR. Duane contended thatthe Committee of In.
vesiisaton were divided on The point: that minority
was Tor the puhlication-as great public eximplc
II would be warning TO all future Institutions to o.
vod the rock ON which the vessel had struck Besides
1T was the truth, To come down TO Sc fish con-
siderauon, It would make those who owed money To
Inc Bank, do their best to pay their debts. IL would
be good fiscal operation IN that way. he owed
. 100000, or $4,000, he would sell household
goods; nay, his household gods-rathcr tina the wi.
dow and orphan should suffer. lie believed that m m
was made honest by his creator, but prevented by
his own passions.
MIR. Kennedy said he had the majority of the
committee with him, for publishing names, and
Mr.. duane emily the minority. The pubica-
non OF the names IN the Suspended Debt' was re-
ected, on the ground that the publication of the
aames OF such Debtors would prevent perhaps, the
Bank from oh aiming the money, on the same ground
mat IL mans OIL was protested and his credit IN
ured, It would be difficult Tor claimants to sh,nin
payment OF their claims because his credit was de-
siroyed.
Mr. Price Wetherill said such a course as n pub.
Ication OF the names, would be detrimental to the
BANK ny inJurns the credit of its individual debtors
ne moment names OF persons appeared in such
ISL u was reasonable 10 suppose that their other ere
iliors would press upon them Mr. Randall opposed
ne last resolution; and said that Il was a cardinal
rule with him, TO take care of and cherish that
,phemeral and selfish interes,-the selfish interest
D. the widow and orphan. IL was his pride. Why
should man who owed the Bank $780, 8 $50 or
slOOO have his name published, any more than in
any other Bank1 And to go still further-might il
not become preced.nt-for Banks hereafter to pub
ISL names OF debtors' And 1t so-who would do
business with Banksl 1t would be impossible to do
20 with safety.
MIR. Duane replied; and on the last resolution
being putt was lost.
The preamble to MIR. Duane's resolutions was
hen put, and carried.
One or two other motions Of n minor character
we're submitted ~ the meeting, and either Withdrawn
" lost.
The meeting then adjourned.