Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1842-12-08

ing specie and converting sixty DAYS papcr
responsible and reliableand ut nil within their con-
tro This the only mode they could adopt by which
they could discharge their duty community and par
tculay, the task mposcdupon hemby the last
i. e. redeem their issues specie.
Mr. Edmunds Chairman oi Committee on Banks) con-
Cured with Mr. Crutch6eld the proprsy of inyesten
on before action and deemed the Bank Committee the
appropriate for the consideration OF the subject lie
expressed very strong dissent the proposed union be-
tween the Banks and the Executyeand that those
institutions never would be employed poica
seemed 10 be designed He wished them kept separate
from all party and politics, and confined the sphere of
their Legitimate duties. He had nor heard nothing
which required tina, the individual stockholders should be
deprived of the management OF the Banks and he wished
TO look into the matter, before he concured in doing So
Mr. Carter OF Loudoun "a new member) animadverted
with great pungency upon the remarks Of Mr. Randolph
lie spoke oil the caor against the Banks rucd
for not curtailngand when they did obedience TO the
acquisitions Of the Legislature, they were To be damned
for doing il lie demanded of Mr.. Randolph TO
know what authority he had asserted that the Banks had
issued such mandate, that stated had loaned their
money upon paper which would be brushed away Inv
the first breezel The Great Cum thus directly corncr.a
answered. that the mandate (notce of curtnD igh, he
the Virginia Bank and he had heard about the onns
on the streets. Mr. Carter required better authority
Tor his Legislative action than seeiak, and obtain that
better authority the subject should be referred To COMM,
tee. Every blow home thrust and the whole sp.ech
told well.
Mr. Wor,hngpn and Byrd, of F., joined in the debate
Tho result that Mr. Crchcd's amendment prevailed
by vote of 100 tn l6
The object of this movement is not very difiicu M
comprehension IL has been whispered about for some
time, that the Stockholders of the Virginia Bank have he
tired OF their President and propose making chance
at the next election in January. We know not whn, mar
ucunr may have led them this determination If
indeed, 1t he entertained; but suppose they haye
right, think they have, their own matters M n
them may seem best. But he this il may the report we
speak Of in general circuaton and prevent the ps
sibity of its being carried into execution Mr. Jefferson
Randolph & Co. would incrposc and the power from
the Stockholders and bestow it upon the Execuve-who
Is to be elected in time appoint reliable Directors We
never wished the President of the Bank any harm-and
we gave some evidence of this, when he in greater
strait than he is now and his assistance: Bu,
II we wished him all the harm imaginable il would be IN
see him retain his place by expedent of this kind
There Is another and further object, il clearly implird
10y MIR Randolph's remarks Directory is to be nut in
who will continue that system OF avorts which was only
brokenup few years SINCE and from the banefu effects of
which the Banks and the Country still suffering But
OF this hereafter