Martinsburg gazette. [volume] (Martinsburg, Va. [W. Va.]) 1833-1855, 1848-02-03
SMALL NOTE nrr.r-

90 Inc senate OF Virginia on FRIDAY Janpa-v
q, proceeded 70 the consideration Of ,ha NJ
authorizing he Banks TO issue Small NJ YAH
MIR. Voolfolk desiring 10 s,fferan ameri s,oes'
Mr.. Standard withdrew his proposi,ion g.. ny ny
lpresnt hepurpori of the amendmen, 20 ~, we
W.swaS 10 strike out the whole bin and ,. .'it
"a clause requiring the Mother Banl. -
Branches TO issue only their own notes rTa s
proposition was debated by Mr.. Wools,n'. NC
favor, and opposed by Messrs. S,anara Sis. ~
Wncher. Gallaher and Garlic ass
Mr.. Voolfolk Withdrew his pronnS;,,.s
MIR. Garlic then offered subsii,,.a
bill and amendments. in effect rpnsaI;u y a'e
laws requiring Grand Juriesso,gke eaan ns az
Of the issue and circulaiionof notes ,aiAsace
and 10 impose fine OF $40 for issn,nr soi
under s., recoverable before Insan NOES
Peace. After further discussion K, ~, = lne
Stanard, Panioii, Kane, Wi,cher BonJ' ess's.
and Deneale-- MIR. C's anlendmen, ~,
Mr. Deneale then moved the inde6ni,a o .
ponement Of the whole subject, which W. pu y
so lost--ayes 10 noes Is. vas SN
Mr.. WiIcher's amendment then eano -.
as follows: 60 >'"'s Up
|. Be il enacted BY the General Assenh,,,
That hereafter the several Banks of tb;s a's rsiN
monwealth may receive on their counters NOT,
q less denomination than FIVE dollars. issnsJ
oy any banking institution OF any OF the Ss,,as
o. the United States. and send the same n ~
Bank where issued and, for eyery,dolla, -
sent outof the limits ofthis Commonwealth "a.
Banks receiving the same are hereby ao,bor;
Zed 10 issue, IN one, two, three and fony dnp.,
notes OF their own, an equal amount. Prov,
ded, however. the amount, so TO be issn.d
shall not exceed ten per cent, upon then rss
peciye capitals.
2. BE il further enacted, That IL any Ram
shall avail itself of the privilege hereby grant.
ed, such Bank and its branches shall re,leem
all such notes in specie when demanded
whether at the Mother Bank or either Of rs
branches, without regard to which of said pa.
ces SAID notes may have been issued or MAD.
payable at; and If such Mother Bank, or any
OF lis branches, shall lail or refuse 10 pay ans
such note or notes in specie when demanded
at any OF their offices, the holder OF the same
may recover the amount thereof BY warrant
before any Justice Of the Peace for the county
wherein the Mother Bank or branch NAV b.
situated, together with 25 per cent. damages
and costs: Provided, however, that the leg
stature may at any time alter, modify or re-
peal the privileges hereby granted.
3. This act shall commence and be in force
from and after the passing thereof.
Which amendment was adopted by the fol-
lowing vote:
AgEs-Messrs. WOODS, Thompson. n,
Kinney, Garlic, Bondurani, Gaaher, John.
ston, Witcher, Stanard, Smith. Sloan. Grimm
Rogers, Parriot Fry--l5.
NoEs-Messrs. Cox, Speaker Tribe, Ty.
Ter, Barbee, Daniel, Baptist. Garrett. Dennis.
Deneale, Kane, Harwood, McCauly-I2
The bill was then passed by the following
vote.
AYEs-Messrs. Woods, Thompson, IT,.
Kinney. Garlic. Bondurant, Gallaher, John.
sston, Whether, Stanard, Sloan, Crump, Rogers,
Parriott, Fry--l4
NoEs-Messrs. Cox, Speaker Tribe, Ty.
Ter, Barbee, Daniel, Baptist, Garrett, Dennis,
Smith, Deneale, Kane, HARDWOOD, McCauly,
-l3.
On motion of Mr.. Garrett, the Senate ad.
journed.