Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1843-01-16
HOUSE OF DELEGATES.
TurspAy, JANrAEY 10. 1913.

IrEsDAf, JANUARY ~, 1915.
Mr.. Smith. Of II moved the following resolution
Tia, the proceediaS pi the ie"isourg Noh'een"n
rraynr the passage OF Law to take the sense of the
n. .pe up IN the propriey - calling Convention to
IN nj alter the Constitution u the STATE, pssthet WIN
t, petitions the sanlt SUBJECT ana INC eo
rancan ID The Governor be nj 'fd 'oa 0eleet 'p"'
mi,,ce, be nnposed OF members ia'eh ron inc oui
grand divisions ii the State.
The Speaker took tiIue 10 appoiui the "h1i'"e'
MIR McRae submitted the following;
Whereas. the cxigcncits 81 the Commouw. a, W nave
induced this Legislature To propose 10 borrow Z. W,
hanks large sum Of monty (and additional SUN W.
rob,dy be inquired and thereby Withdraw coisid
ibe portion o the funds of the Banks from the usual
csannel Of banking operations. and this AT tune, when
IN the unparalleled depression OF public aud private
enterprise the nun stands IN great need Of bank
il, aid Aud these institutions have enacted Willingness
t. All the Commonwealth. Oa which accounts as Wei
the ,ar due the distressed condition OF the Pco
pie of,his Commonwealth liberal anu sustaining course
Of p,cy is due from the Legislature 10 Tie Banks, and
tiriiob them 10 the People.
Rcsai.gs,. n,csyfarr, hat leaec be given ohrnr in
L'nprovdIng that any loan EXISTING and made or
winch may hereafter be made By any Of the Banks
al this State Ia the Commonwealth shall be considered
specie. 81 tar authorize the Banks 10 predicate
ie.r circulation. loans and discounts upon each loan or
luns as specie. well the actual specie the vaults
II the Banks during the continuance OF such loans And
that IA ascerlanng the proportion with the specie in the
vaults OF the said tanks may nj any time benr To the
circulation the said loans 10 the Commonwealth be repar
cd as specie.
lid further. To provide that during the continuance
III the han ~ hans iron the Banks TO the Common
wealth, shuld the eNigo ncics oi the Banks require 1t
order 10 maintain specie payments the amount of such
an OF loans shall be payable demand the Bank or
Bsnks 10 which II may I've due, IN specie suspension
Of specie payment authorized by the G,yern1r Of this
Common wealth at his option.
Mr.. MRao said that the resolution. in his estimation
pne ui i'm nd ttp
'-raiion OF the III ouse. ami or that he would cx
plain IN few words possible before he submitted
m'ien with which he would conclude 10 lay ON the table
~ fSint il.
Nh. ,ndopl objected the printing until it could
I've asceal0ed whether the Banks would accept the boom
yn.posed
ar Brown. Of p. would not object to the printing
but he would take the earliest opportunity dolea, the
resolution.
MIR. Taliafcrro moved the indefinite pos,poncment of
OF tho resolution He couteuded that it could do no good
--while II will tend to jue the credit Of the common
wealth.
Mr.. McIsac rose to reply 10 Mr. Taliaferro. when Mr..
Martin called the orders OF the day-which the speaker
ruled 10 take precedence.
Mr.. McRae appealed from the decision of the Spca
kef; bu, aiieIa few remarks he Withdrew his appeal.
Memorial Of Martin p. Brooke.
The resolution of Mr.. Tall derro, with the substitute
Of Mr.. Powell MAS then taken up.
A long debate followed IN which Messrs Byrd, Siro-
cher. Brooke and Hopkins participated.
Mr. StrJ,her ia concluding. moved tho following a
niendmeni 10 Mr.. Poweils substitute:
Insert In the last line. after the word ''chaactcr-
'in Ike taking Of which testimony the Committee shall
permit said John Scott appear before them and exam
lie OF rebut any evidence thai may be offered"
Mr.. Gallaher moved to lay the resolutions on the
table.
Mr.. Daniel and Mr. Anderson appealed to the House
u take hasy step Of 81 much consequence
aud on motion Of Mr.. Anderson
The House adjourned