Richmond daily times. [volume] (Richmond [Va.]) 1850-1853, 1851-03-28
GENERAL ASSEMBLY OF VIRGINIA,
TUESDAY, March 26, 1851.
SENATE,

| SENATE
Mr.. KINNEY called up the order of the day. being
| the bill incorporating The Merchants Bank of Viroi-
ma ma The amendment of Mr.. DENEALE, to strike Out
Messrs. TURNER, STANARD, DENEALE, SnACKIEFoRp
THOMPSON OF a. and THOMAS.
! The amendment was adopled-ayes IS, noes TO-
| MIR. CARLILE moved the following amendment to
come in the end of the 10th section before the enact
ing se eiausd ho,o,.x Il. ,,.
until the minimum amount ct the capital hereby auho.
rzcd shall be deposited in State stocks aforesaid with
the Treasurer OF this Commonwealth as is provided bv
| the NTH section OF this act"
The amendment was adopted.
MIR. AMBER offered an amendment that the costs to
the State, originating from the provisions Of this act
shall be paid by said bank. N''
lhe amendment was adopted.
The bill was passed by the FOL lowing vote:
AYES Messrs. Dennis, (Speaker,, Rives. Wood
Tribe, Ihompso of A., Garlic Isbel, Pitts Tate
French, Turner Harve Deneale, Thomas. Edmjs am
Crump, Layne West, Kinney and Ward-2O
NoEs-Messls. Horne r. Barhee. Daniel SbacL loford
Stanard, Grantham, Cowan, Thompson of d.. CaiIelt
and Ambler-l0. ''
M KINNEY called up the bill Incorporating the Cen
trail Bank ~ VII
The bill was, on Mr.. CAR11LEs motion so amended
as to require the minimum capital 10 be $50 600 and
the maximum $500 O9O ~
Ihe Dill was ben passed Subject TO the provisions OF
On Mr. WARDS notion the Senate took M tbe bill
Incorporating the Wheeling, Kanawha and Fmcastle
Banks. "'''o
On Mr.. CARLLEs moor the minimum csn;,s, Of
these Banks was increased
On Mr.. DENEALE's motion, all amendments peess-
essary to conform the bill to the provisions enprait-
ed on Inc Dill incorporating the Merchants Bank were
Mr. HoRNER moved that the bill be referred 10 q Sc
ect committee, with instructions to report on the expe-
dency OF Incorporating other Banks in different sections
OF the State. o
Mr. WARn opposed the amendment, as calculated to
defeat the BILL ~
Mr. Fol III,
stfncted to report general law on the New York
banking system. The Senate refused to refer the bill
mr.: WOODS moved to strike out much of the bill
as referred to the incorporation OF Bank at FjncastIe
The Senate then took recess and met again at
o'clock, P. M. "1A g.
Mr.. WOODS addressed the Senate in support Of bis
ed at Fmcaste
Mr.. LYME replied to Mr. Woops and referred to the
large number OF people who destitute of the con-
in the passage of the bill.
The amendment was reected-ayes l, noes 81
MI SHAcKELFoRD offered amendment proposng
citizen. '
The amendment was rejected-ayes 2, noes 90
Mr. SHAcKELFoRD moved the indefinite postponement
OF the bill lie said these banks were an exper mem
as al admitted, he opposed to carrying the exner.
ment TOO lar lie was willing to establish few ofthem
and they ought to be situated in our CONNIE cia cities
where their merits could be we'll tested He was in
favor OF establishing one in Richmond. one m NAVAL
and one In Alexandria, but opposed to establish
ing more, until these had given evidence of their mil
lty.
Mr. WARD replied that no member went for the hill
ON account OF these banks being an experiment but on
account OF their intrinsic value He contepded that
the population OF kanawha and Wheeling were NOR.
10 want OF banks than Richmond Norfolk or Aeyan
dria. u 1Ae""u-
MIR. WEST replied with much warmth to the remarks
OF the member from Cupeper. and commended that az
ar as Alexandria was concerned in point of CONNER.
cal power she ought not to be mentioned in connec-
ton with Wheeling. He referred to the fact that the
member wanted all these banks situated in Eastern
Virginia. and yet the commerce Of Wheeling required
more banking capital than Richmond and Norfolk to-
gether. GAVIN W.
A motion OF indefinite postponement made bv Mr.
WARD, was decided in the negatwe:--ayes 10 noes Ie
he bill was then re'erred to a Committee commas
ed OF Messrs Thomas, Layne and Thompson of A
Mr: IoRNER's motion to reconsider the vote reectng
the Dill Tor the relief OF Geo. Rabbit was agreed Il,
ana the Dill was laid on the table.
. = mr. FITS moon, the bill conce ming Jefferson
SINCLAIR was taken up and passed
Ihe OIL concerning the Lower Appoma,tox Compa-
~ was taken up and, and being explained BY Mes.rs
HIVES ahd CRUMP, was passed
OniHoton OF Mr. DENEALE, the bill incorp,ratno
the Rockingham Male and Female Academy was ta
Ken up, the committees amendment agreed. to. and
the bill passed. w an"
;, ihe bill Incorporating the Harrisonburq and Frank
I'm turnpike Company was passed
MI AMBER offered the following resolution.
neSoIoea, That after this day, the Senate VIII meet
al O'Clock, A M, and adjourn at 3 O'Clock, p M
ana dispense with evening sessions.
On MIR. CHARLES motion, the Senate adiourned
Ayes IA, noes 9.