Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1842-03-12
LEGIsLATVRE or VIRGINIA.
~ SENATE.
.Sil,ardnm -Mn.lh ).

Sa,s5ddy .ia:ch >.
The Senate .onk W. the resolutions from the Com
uiittee on Banks, as o!lo::s:
The Comm'ltce appointed on the part Of the Senate
10 enquire and Examine into the condition and proceed
ing Of the Banks of this Commonwealth, aud report
the ability of SAID Banks TO specie payments
and the propety of requiring such TesuInpton' with
designation Of the day which such resumption should
take place. have, according to order performed lhatcuy
and beg leave ID submit the following report IN part:
Res0fred, the opinion IF tbs Committee, That It IS
mex pedent further suspend the penalties imposed BY
the General Banking law upon the several Banks OF
this Commonwealth, and TINT they ought 10 redeem
their notes in spec lie from and after the frat day OF April
next.
Rcsoired furthrr, as he opinion Of his Committee,
That the currency of the Banks Of this Commonwealth
entirely safe, and should be regarded by the holders
of it.
The Senate proceeded to consider the rstresoiuiion
Of the said report
DIR. LYoSs moved to amend the first resolution by
striking out from the word "Resotred, 10 the end and
inserting in lieu thereof the following
That the Banks OF Virginia can, and should BY law
be required to pay all demands against them IN specie
(If the person persons entitled TO make any demand
upon them shall desire spece from and after the first
day Of January, 1913, unless the Banks OF Baltimore
and Philadelphia shall their payments IN specie
at an earlier day, in which event, the Banks OF sir-
gina should be required to their payments in
specie within fifteen days, after such resumption by
the said Banks of Baltimore and Philadel phia.
Mr.. voolfolk moved that the said resolution and
proposed amendment be laid upon the table REJECTED,
5 to las follows:
.1yes-Messrs. Hunton, Atkinson, Voolfolk, Boul
din, Shlnn, McMullen, Scott and Thompson-o.
.Soes-Messrs Carter Speaker pro temPore,J Camp
bell, Cooke, Peyton Carson, Bonduran, Conrad Piper
Preston, Tunslall, Lyons, Moffett, Faulkner Wood
house, Mcllhaney, Anderson and Newman-l7
MIR. iuyros moved to amend the said resolution BY
striking the words s'of January l543, and insert.
ing in lieu thereof October next
And, the question put hereupon, it was disagreed
to by the Senate ayes :, noes 4, as follows:
.7yes-Messrs Hunton, Atkinson, Voolfolk, Shinn,
McSlullen, Scott, Newman and Thompson-s.
.Noes-Me.srs Carter (Speakerpro tempore,) Camp.
bell Cooke, Peyton, Bonturant, Conrad, Piper, Pres
ton, TunsaII, Lyons, Faulkner, Woothouse, Molina.
ney and Anderson-li.
Mr. Scorr then moved to amend the said proposed
amendment, by adding The following proviso
Procded The Directors of the several banks OF tins
Commonwealth who accept the relief contemplated in
the Resolution shall by the lst day of November next,
regulate the business of their respective institutions
as TO reduce the outstanding liability to not ex
ceedng - per Of the capital stock of said bank
And that the Presidents of each of the Banks of this
Commonwealth shall make report on the lst day OF
Aurust and on the lst day OF November respect
,yely, 10 the Executive Of this Common wealth. who
shall publish the same and IT, in the judgment OF the
Executive the ratio Of curtalment has not been COM
Piled with then the charters OF such banks falling TO
comply with the aforesaid requirements shall be III fuli
force and effect.
And, on the question being pnt thereupon, it was
disagreed to by the Senate, follows:
.1ges-Messrs. Atkinson, Voolfolk Piper, McMul-
len, Scott, Newman and Thompson-1.
Nnus-AIessrs Carter, Speaker pro tempore,) Camp
bell Cooke, Hunton, Peyton Bondurant, Conrad Pres.
ton, Tunsall, Lyons, Faulkner, Woodhouse, Mcllha-
ney and Anderson-l4
MIR WooLrorK then proposed to amend Mr.. Lyons
amendment b. striking out "January, lS43, and IN
ser,ing November next. THIS motion was rejected
follows:
.iyes-Messrs Carter TIunton, Atkinson, Voolfolk,
Faulkner, Shlnn, McMullen, Scott, Anderson, New
man, and Thempson-ll
yoes-Messrs Campbell, Cooke, Peyton Bondurant,
Conrad, Piper, Preston, TunsalI, Lyons, Woodhouse,
and Mcllhaney-ll.
Mr.. WooLrolx then proposed "2d November next
Agreed to, as follows
sus-Messrs Carter, lun,on, Wiley, Atkinson,
Voolfolk, Bouldin MotFet, Faulkner, Shnn. AlcMul-
lem Scott, Anderson, Newman and Thompson-li.
.loes-Messrs Campbell Cooke, Peyton, Bondurant,
Conrad, Piper, Preston, Tunsall, Lyons, Woodhouse
and McIlhaney-ll.
Mr. L,oxs then asked leave to withdraw his amend
ment. Objection being made, leave was given by the
following vote;
3pcs-alessrs Campbell, Cooke, Peyton, Carson,
BAPTIST Bondurani Conrad Piper, Preston, Tuns,all,
Lyons, Faulkner, sIcilhaney and Anderson--li.
.Ncrs-hessrs Garter Speaker pro tennpore) Hun
ton, Wiley Atkinson, Voolfolk, Mofett, Shinn, Nc
Mullen Scott, Newman and Thompson-ll
Mr. Lyons then moved the Previous Question:
Agreed 10 as follows
7ws-Messrs. Campbell, Cooke, Peyton, Bondu.
rant, Conrad, Preston, Tnnsiall, Lyons, Motet,
Faulkner, Shinn, McIhaney, Anderson and New
an-l4.
Noes-Mcssrs Garter, Speaker pro tempore,) Hun
ton, Carson, Wiley, Atkinson Baptist Voolfolk
Piper, McMuen, Scott and Thompson-li:
And, the question beng put upon the first reso
luton of the committee, it disagreed to by the
Senate as follows
3ws-slessrs. Wiley, Atkinson, Voolfolk, Mof-
felt, Shinn McMuen, Scott Newman and Thomp-
SON.
,aes- Messrs Carter, Speaker pro temgore,j Camp
bell, Cooke, Hunton, Peyion, Carson, Baptist, Bon
duran; Conrad, Piper, Preston, Tunsall, Lyons,
Faulkner, Mclhaney and Anderson-1G.
On motion of Mr.. FArLHsEH, the Senate then ad-
journed.
fThe Senate have taken up this subject since Sa-
turday We understand, that their Bank Committee
will IN fer days make further report showing the
conduct Of the Banks reference especially TO DIS
counts and circulation during s"spension-and also 10
show that the & ommittee have examined the vaults oil
the Banks in Richmond and find the specie to cores
pond 18th the statements made in the reports from the
Banks.