Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1843-01-16
DonycOttc 1MteIltNencr.
VIRGINIA BANK.


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VIRGINIA BANK.
The election of Directors Of this institution took place
IN the 10Th instant The excitemen, which Las lro-
vailed in regard The Presidency drew together Va,
nv large representation oi The sto, Inn saI,ns paris u
the Commonwealth.
The meeting ORGANIZED by cal'ihg Da'a biahei'
Esq, of Petersburg. 10 The Char.
The President (Dr. Bnekonhnugh) read statement
showing the condun OF the Bank lie then stated ia'
in consequence of combination which had etniornfd To
eyict him. he presumed would te the last tine lac
would have the ha.r Of addressing the stockholders,
and hepyed indulgence whe he could make a lew re
marks. lie pnlcee,ed 10 give the whole history al
the institution foundation, aud his epnneNion
with ii-enerin2 into particular. 10 show thai he had,
throup ou. exeTed all his abilities 10 promote The Wei
fare ot the Bank.
When the presden, concluded Gen. Pegram hoped
Dr. Brocken6rouuh would acqut him and his friends
of sll participation IN the supposed combination.
i The President said, Il do mni heartily
Mr. Pegram farther remarked thai no man more aux
iousy desired the reelection oi the President.
Mr. Martin, o Petersburg, proposed general Tednc-
ton of salaries Of X per cent.
Mr. Clark OF Halifax, seconded the mo,on-but he
preferred tina, the election should FIRST take place. II
was well known, he said. for whom he should vote
lie was unbiased By ans party consIderatiors-bni
should first % for change Of officers to advance the
prosperity Of the Bark then he would aid III re
/ irenchlnq expenditures
Mr.. Taaewel Taylor Of Norfolk also in favour Of
reducing the saiares.
Judge Nicholson was opposed to any reduction Of sal
aries-le ~ho would be The officers.
The meetinr then poce.dcd 10 The election o officers
THIS occupied long time. HE result oil The vote lor
President was oilows:
Vote Of the Private Stuchholcrs-
For James w Pcgram, Z5"'
- John Brockenbrongh 1910
M,n,,y for pcsr,m 722
The vuto Of The STATE given for DIR. Broken
brouoh-bul objected 10. aud the decision WAS
pos pon.d until the close oi The election l|5
rn,I,ng tho Star, vote. If 5o3
Mr. Martins prn,oson was referred toa committee,
atd then the meo,ng proceeded to vote ior DIRECTOR
James w Pegram. Gas President ile"ry w Nohrno'
Iewis Wcbb W am II. HUBBARD, John y London.
r umors ave cen rife, Ia HE consequences III ano'
quarter of the predicted result but we regard them as
al,, ether cuniocfal.
X, nrockenbrough has been for than 80 years
- n, N the Bank The efforts which have result
~ :; az; :, y have been progressively increasing in
s,,o,,,h s,nco t honorable enbczzlcmeni cast OF %
The Stockholders of TIN Bank % Virginia have Ieso
we'd th, The salary Of pns, Tent OF the Mother BANK
shall he reduced to &! 500 aud it' the qucs'io = IL
ducns the Cashier, and other salari, oi me bank 10
the discretion Of Board Of Directors, hzgng them To
ma r. every curtancnt II expenses not pr,j'dlcal to
the interests Of the Bank. They also curaed the sala
RES Of the President Of the Branches-some 30, some
80 per The sala,ss Of four reduced 10 3'1o,
and four others 10 $5o0,- lcsiGday's Compiler
FARMERS BANK OF VIRGINIA
State of The FARMERS B,nK NrnGISI,. intending
the branches. the first .1onddgm December, 1872
Debt outstanding Sil96, 1.'S 0S
Sterling bills 1861 -
Stocks DS,63l OO
a,an to the Commonwealth OF Va 10000 90
Specie 7l2,O2S 81
Notes of other Banks 1854 6s
Real Estate 2lU,225 AZ
Bank notes stolen from Office at Dan
vile, slammed, cancelled. and not
supposed 10 be valid against the
Bank T2l3b OO
S5,5ii,H 50
Capital stock 32.66S,320 90
Notes ia circulation ,120931 30
individuals densiies G9j. 800 80
Due 10 other Banks l2j,91 -
Contingent Fund $4,000 81 80 ,so oe
New Surplus Fund 2,529 05}
Profits of the Institution $1,000 10