Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1841-12-20
1'trNtMfa 1e9(0lature.
MospAY,D Dc. -

MospAr, DEC. IL
REsoLurross
Restitution. wesc offered by the following gentlemen
and adopted BY the House:
BY Mr. keNsspv. that the Committee on Schools
Colleges inquire into tho cApiercy Of approprsting
of noney fof the relici ot the Richnpnd Medira
CollegcBy Mr.. rArE autborising an enquiry into thu
cAfrdlency Of giving the Superior our Of W yhe pow
er Ia change the disp~on of the fund devised BY thu
late Dr. fontaine W atson, to his two infant dang
such ~ make IL available for the main
| tenance aud education Of his said infant daughters.
Also a communication from the Acting Guy.rnor,
cl~,ng the prsdings Of the Clarksburg Convention
the SUBJECT II Ei,c.aion.
4 nsrsapo receive from the Senate asking the
Of the HOUSE in = resolution the, bad pass
~, for taking from the 18Th De- 10 the 9Th OF
January.
THE BANKS
The following resolution offered by Mr. Soorr
Of FanqIier. IN relation to the hanks:
.Resoired, That leave he given 10 bring in bill 10
provide for the suspension, until the st Of April. 1872
Of much d tho passed 9Th March, 1s4i concern
ing the banks Of this Commonwealth subjects the said
banks fun and after the LIST Of January 1872 to the
co,ery OF the amount of any note debt due om said
hanks BY motion upon ten days notice, and To the
payment Of IL pr cent interest upon any notc bill
check. Of non payment, thereof in specie dc
mahdn
,2n this motion the House was RECALLED b, quite
display oil orsiory from Mr.. Iioeman. the subject
Vi Banks, banking. non payments Of spece-brukers.
Icws. lynch law Sc, sc. Mr.. Scott, in a few and
s,ron, remarks stated the inpou,nce of the me,s
ore Tn. las, Legislature had relieved The D.nk.
d, all the ncn,., for non II, ym,nt If spccie un,l Ia, ot
April nes. except tins twelve per cent interest. With
out such bill as that proposed, the Banks would be
piled tn rssume--hcy could not submit To the penalty
they would rcsumc-ihcy would nav out spce. NJ Iona
AZ they had -snd then thoy would he forced To close
their doors. and wind up their business lie considered
il impossible that our banks could resume and maintain
.,.,e p,ymcnls whilst the banks in the District nj 70
I,n,. N.,,i,nd and Pcupsyl,,ni, wc,. in .,,,. -,
sn.,r,,,o, The ours,ion under these circumstances
,.e whether !, were true policy and conrn,ut 10 IN,
h.., interest. NJ the c,b IN stand by and 60,
he, ,,,l,,r institution. defined ~ ,h,, .,.,cc l., No,,h
e br,L,rs and ultimately frccJ II, wind nm their con
c.n. Cons,d,,,,, IN. dec, ,,c,c., ,.hI N. s, II.
Ia. IN ,bcsc institution. ,,d cons,d,;,r ,.ay. H. =,
tho h,nl, n,re instituted f., IN. hcne6 .f ~. ,,
he ,h.uyb, ,ha, every blow deal, a, tho h,nLs fn NM,
the S,a,. and the ,,,pc The effect. If ,,ndno nnho
hanks n, ,h,. time would hc mos, disastrous m. S,,
was debtor 10 the banks upward, of SpO Ono- hi.
sum must in justice he raid bctor tho S,,,c could c,,c,
pepalto- m the hank TN, pcopc owed tho h,nls ne,
|, 10 millions. Were they red h, n, nm mi. l,
sum ~ thoy must do, il tho banks were wound nm
His proposition however did not conclude further ,c
lion during TIN. session II merely contaminated tenn
orar, rr,t ,or,,. the c,,is,tuI, time m A., debh
era,c,
TN, ,lrcw Mr. Illl,m,n firth in +, or,,J,,o,o,,
spccch If an hour lie di,c,ut,.d ,r ,,,rv thin, ,nJ
more besides Mr. scott, speech was very nl,u.Lle
but II WAS only ,pch ~ bank officer. and s,nclho5o.
were IN the hadn't If using liz would o,. III. /, :. nd
r,.sp,l ahou, banks The time had hccn .L,n m,n
dared no, call upon the bank, for specie If h, did h,
wa. .tpm,zcd and yili6cd and threatened win hn.L
ing Tins tim. had passcd .w.v in .o,,e d.o,.. =,
tho there were very few persons in Ricbmond ar Nor
ilk OF Petersburg or ynchburp who would dare toad
bank for specie which ,lcy had depo,i,.d They w,rc
mos, y,inou, establishments lie wished Tho .,G,,..
men, If tins uu,ly w,u,d make ,hc h,nLs ,.sn. .I
nav on, their las, do,, Thy u,oh, nn, N ha,.
pendcd f,,ho' Gov KuthcrGd saws ,hcy uoh, mn, 70
have :, snmrJ1 ,h,y nould MT if he, h,a H., h.,
liz had b.,,J IN, a, tho mos, Js,;nn,,,sh. 1T s..
"a, tia, The h,pl. ouch, M, IN b,yr sn..nJoJ , .,
,c ,,d,l,.J !, very ,,c,,, d,,,,.h T., H., hIih r
sham, ,n,ling tho ch,ct &c tho lido, If :, 80 e.
the Northern banks TO rcumc' Uc would ..ll III. H. M
It'll ,,,c,, - the State If !, did ma, hin, IA ,, H.,
H.. AL, , ,.I. 80 ,-om tho J.r,,I,n.e ,,l HI
A. ~ 1iII L.,, i,J,,o.f ,n,, :, -,
III !, So; -, $50, ,, 4. a. -, ~, -
,,,l w. ,.m o ',sn s' we l ,',, J'"' VIZ" n
h.. H. Ill r,,i -. ,:a'c 81 ~ "
,a,. ), !. :. I'M ,"n Al, s"ala, w" ""o"