Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1842-03-21

Mr Brown Of p. moved to amend the bill by the
addition OF new section, making individual iiAb bic
tor the debts OF the Bank the amount OF the par
value OF their stock.
| While this motion was pending the hour ofreeess
was announced 10y the Speaker.
EVENING SESSION.
| Aner considerable discussion, the vote was taken
on the proposition offered by Mr. Brown Of p.
| which ives rtjeeled-ayes AZ noes 65, as follows
AfES-Messrs. Holloway, Harvie, Cox Of h
X l., Jones of Brooke. Riddck, Harrison OF b,
Thomas, Mclaughlin, Guerrani, Clark, Watkins,
hincheloe, Armstrong, DAVIS OF King s Queen,
Daoney, Woodland, Ciendenin, Holiday, Marshall,
| Martin OF Nj, Digs, Boyd, Scott Of NJ, Morgan
Harrison of M, Lyon, Fitzgerald, Hidden, M'Pher
son, Hopkins. Brown OF Preston, Heath. Brawner,
| MCauey, Smith of X, Cowan. Quillen, Warren,
| Walker, Martin Of I, Buek-4s.
/ NAYS-Messrs Southal, (Speaker,) Kinney,
Brooke. Mayse, wlnghsld. Mitchell, Hunter, New.
KIRK. Robinson, Jones of Buckingham, Moore,
Ioier, Nowln, Samuel, APperson, Csrdwcll,
Broadus, Irving, Vaughan, Brown of ( c 4 w,
Semple, Scott OF +. Foster, Payne, Woods, French,
Robins, Erskine, Vance, Pugh, Thompson, Mullen,
M'Rae, Grigss, Bowden, Moler, Wallace OF X G.,
Taylor OF L, Ramcy, M'Ilhsney, Banks, Smith OF
NJ and J, Caperton, Davis Of Montgomery and
Pulaski, Orrick, Taylor Of n b, Etheridge, Yorby,
Edgington. Hner, Keer, Crimes, Dey. Elliott,
Strother, Daniel. Leyburn, Gatewood, Crawford,
Tate, Crutehdeld Ford Bowen, Goodson, jackson,
Leftwich-65.
MIR Cru,hfcld moved to strike cut that part Of
the 9Th section requiring the Branch banks 10 cur
tail their accommodations and discounts according
TO the instructions OF the Mother Banks. and in
proportion TO the amount curtailed by said Mother
Banks-so that tho section should then read "a nd
be Il further enacted, that the SAID banks after the
passage OF this act shall forthwith proceed to cura
ihen business so as to place themselves in rrcpor
condition TO meet and satisfy all their debts in sre-
ce on demand
This proposition wss warmly opposed, tn, final
rPH IN etrrE
| yeas 50, nOys3l.
Mr. Crutchheld then moved further 10 amend by
striking out that part Of the 9Th section after the
words "any election" which provides that stock
10 oers, resident within IN miles OF any bank, shall
No'e personally and not 10y pJory a, any meeting
of the SIoc khoders.
This proposition was a!,o carried, ayes 81, noes
MIR Taylor Of N. B. moved 10 inser, and !.sir
branches after the word "uaIk." ia the 6;a section
which was agreed TO.
MI Taylor of n ,hen moved to sn,rd tie 9th
-seiion further bv adding Instructions to te hanks
'o eurtrii accommodation ra.Ler tlan business pa
per-Reiec ed. = e.
Mr. uAsv'e moved TO amend The I'LL by Inserting
before commencing clause "A new section, requiring
the sale q. the B4nk sock held by The STATE So Tar
shall be necessary 10 pay off the deb; due f,on,
tic Safe TO the Banks.
Mr. II. said he wished this smendmen, adopted
as an en,erins weige OF separation Of the Govern
mout from the Banks.
nee OF the property of the State; and he Therefore
moved % amend the amendment oiercd by MIR H.
by adding thereto the following: Provided, how
ever, that said stock shall not be sold AZ less than
It's par Valce"-Which was agreed 10 by the House,
ayes so. noes 80.
MIR Harvie's amendment as amended was then
rejected
MIR Taylor Of y moved to add to the amend.
meni at MIR Holeman IN the s,h ssetion in relation
to Bank Directors, proviso, that the said section
shall not 90 into operation until after the next e!ec
ton 10y the Stockholders Agreed to.
Mr. Martin OF NJ. of'-red new section to the
bill providing that all judgments and executions in
favor OF the Banks, against Individuals shall he stay
cd uil the Banks resume specie payments
The proposition was lost, ayes 10 noes 100.
Those IN favor OF the proposition were Messrs
Winsheld. Cox of b L, Harrison of Brunswick,
Mclaughlin OF F & \, Wood of Frederick, Hole.
man, Dabney, Martin Of NJ, Hiden and Hopkins
10.
Mr. Taylor of n B, then moved further to add to
the s!h section as amended, proviso tina, said
amendment shall not apply to the Directors Of the
Exchange Bank Of Norfolk until after the election
in May, lS4S-agreed 10.
Mr. Keen moved to strike out the 6,h section OF
the bill. The motion was lost.
Mr. Scott Of F, moved to amend the 9Th section
by striking out the words "sooGer Immediately, ="
and inserting the words within On days-so as to !
make the section provide that within co days after
resumption by the banks Of Baltimore and Phila- !
delphln, the Banks OF this Commonwealth shall re-
sumo, sc.
MIR Brooke moved TO amend the amendment Of.
feted by MIR s., by striking out few words i'm.
medately preceding his proposed insertion so 10
make the section provide that banks with their
branches within 80 days after resumption by the
Banks Of. sc.
This motion was lost.
The House then agreed to Mr. Seott's amend.
ment.
MIR Holleman moved to amend the 5h section by
striking out the last sentence thereof, which pro
vides thath the Baltimore and PHILADELPHIA Banks
again suspend before the LIST November next then
our banks may do the same without mourning any
penalty iill after the LIST November next.
This proposition discussed at some length
and finally II was lost-ayes so. noes 81.
MIR Daniel moved 10 amend the bill 10y the fol-
loving addition TO the 9Th section:
| Provided, however, that for such time specie
payments are required TO be made by the Banks Of
this Commonwealth by virtue OF this act, the dis.
counts and deposites of each OF the said banks may
| be paid IN any bank notes which by such Bank
| may DO currently receivable. Lost.
| MIR Dorman now called the previous question:
which was refused 10y n vote OF IS to 81.
MIR Thomas moved 10 amend the bull by the in
seuon Of new section before the commencing
clause, requiring the Banks TO keep journal Of the
! business done by them, open to public inspection
and prescribing penalty Of 500 on the President
or Cashier for each failure TO exhibit the same,
when thereto required.
40 N'S' -
On motion Of Mr. Jackson, the previous question
was put-nnd the bill was ordered 10 its engross-
ment.
MIR Jackson said he now, for the first and last
time, moved an adjou rnmen,-and the House adj
Journed accordingly.