Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1852-04-30

Tn. gentleman seemed TO regard ss additional eonpensa
lion 10 them the engagement on the part VI ~ ale 70
furnish tho amount sufficient 10 pay .ie luz mnder ,h a
hpfore il should become due. lie then was u we I'M
nrossion that the State had 10 pay the EXPENSE ~
limo the money the points where Inc y oue
Ths letter of Sedcn, Whers u Co., sent " 10 " tho
d i, ohe1ie nee 10 the call of the House on my notion
hnvs thai by the they 10 bear hls eApeh-an
more than equal the advantage OF using m mo-
r., mo month Without this clause IN the couuae mo
n, mid nave 10 transmit at her own expense ANNUALLY
tho io,erest due the point where by te terms o mo
coupon be due An usen. S ashnTss il, Seisn
i;h, Co admit in their letters ha 'hsy natc - rem
dor ,his service without charge Inc onE h On
the part the State is 10 furnish frm the englnemen,
sffcien, lime 10 enable them TO pe'io'n "" :, sssh'
c,ualv Hence This engagement to ufhisn ohe 'h'h'h
II advance which costs the State no'hihe.
a. moi regard the gentlemans comments upo WAY he
W. G UNNECESSARY haste of the Governor and III.
pJ,s worthy Of much notice. II was ll'n' o' ene.
.,Ic and speedy action. II the Board haa zee" s
;,h MI the sloth which the gentleman see. a.
WIN az ~ ,he financial character, they would nave been
nns,d into motion by the emergency III VIZ E - ," a.
r,av shown they were placed W 'e, wv ~ no
rcao! Ll. avcn he will crawl The resolutions OF me
@ ,,.csrly defined the terms upon "n.cn 'e uo.
nor was 10 employ an agent. ne WIZ w ,h;n 9 WI
"a Ala prccselr what he was ol.ec'eu ~ -, rom,I;n,
anu CIV !, snrsv cannot but be sunJect "i communal
nor s. ,uict and well what lie was Fec r 20 o.
rM u, ".nm,ions len HIN but little dscte.on , ,e' h
md The compensation upon when nc ~ Road of pmb
we,e alI fixed In the resolution OF ''e :, :, ~
A. Wis brfore he left Richmond II cehsu'c j. pih
anvyhrre il il upon those who Presc,oeu Wy eYecn,s.
n,ond and not upon the Governor "ho Ere an ti,en
,hen, in Washington. ! think mat -, in pr.scuh
, ,h,, "a. BOARD did commit any eiIo ha,i,, ~
inn those terms The passage OF Tue 'a hv Tho Gov
sale of coupon bonds had been md its passage nv
r,nr Who was President of the buaIu ~ 80 W. nrssn,o;
LII ,nre ulIy anticipated II is nor 20 " peiGn'et
,ha, The Governor and the Board ~ he cyecuIr
'' ne IN. manner in which the law WAS W H. 1870,
rance oil le informed TO know that the contract
ny ;a in ,ncir rcso!s,iuns was sale one ,o NV se'.
ess of the Stale. E'ehts '"'o 20
wos discreet and successful. ,r,,oht the telenraoh
mo IN. DISCUSSION can appreciate w. m. rcdi,m ~
Now much difficulty that gentleman na ~ an internal r
~: -, without single struggle o' "'' 80. =, -
.ls subect-whout even an opportunity h ;l'.e
Gs. 1," :, ,"nrike bill 1t was ie'e' p ~
,css The fierce assault that the gentleman rom hchoh.
w,s making on this Board that had so ssnnny promotes
the internal cause by It's wise aho
II was The first chance for BIT OF inn tha my uiss
ind had seen this session. and with his passion lo h
MI excited he springs into the melee with his leieerahG w
match as his weapon. But il breaks harmless IN MS nua
i, turns that the telegraph was out oil o'os, 10 tne
oC Ap last and dispatches were sent MY itithu ha
% nv some one of the city press The Napoleon
NJ The antniprovclcnt party When ne cnteeu ts con
tes Nanoleon stood upon his Waterfront ana is no" saS
az hoord tho BeIeophon But be serious, sir, appe
that this despatch sent TO the Governor uu
course he did obey H. Some busy oooy haa wnsleres
hu, half the truth into the Of the gentleman MS Wal
bi an ;lIrstraun of the manner in which the late executive
has been constantly assaied False rumors ioundea OF
partial and isolated statements nave osen so~n
the people When prohed ana investigate" 'hey 'ut
out very much like this telegraph story ,,.,,.;
Mr. Yrnpy explained that he had derived his lnormatict
Second Auditors ONCE III answer " NE o"h I"
quiries. -, .t-,o1, eta ali ,h,, J..
desired 10 say upon point. was nmaseai "here OF
bow tLr gentleman Obtained his Information Inc lnptes
sion nI been sprcad abroad that the Governor ha1 rine
sent him by telegraph when turned OUT lt
| no instructions were sent him BY telegraph
The gentleman from Richmond next argued !nat 'h''
oorncy had been constituted in violation o lay" ~ he u
s,noJ The cen ,leran coneaded that The Board could
only constitute of the Banks It's agent 10 nesoae ''c
loans. So -. y I, ;,
MIR RoptSsos said he admitted full power in the Board 10
employ an agent sell the bonds but ne denied that any
other agent Bank could receive the purchase mono!
Mr. B,RouR That relieves OF the necessity o' pre-
ssntins any argument that point Inc gentleman con-
slruction would require the State 10 emp an agent ~
all and the Bank to employ another agen 10 walk after
him and receive the money Both must be paid BY the
STATE If ,ha, was The construction of the law II Ger
lujnIy was most mprovden, enactment II mat cohs'uc
linn had been placed upon the time the Code was passed
he assertion that II would never nave fece'
the sanction of Legislature. -,
sustained the construction placed upon them oy he no
tina, The money be received through the Banks nna
not by the Banks
Mr. B. then referred the rem1rks 0! inc gentleman from
Richmond city, about tho failure TO require security IRON
Sclden Withers & CO. If they had required security, IN
suhciency OF the security would still have to be matter
discretion One the wcahiest capitalists IN Tue oa'e
John Wihcrs was member OF the hrn. tie suppose
have accepted ample security as II was hey no
only had Wthrrs property security but Inc manles
oycrinp interest of This like all other banking companies
10 maintain strict fidelity in oil their Transactions security
was generally given bankers but II was rare ihns
REQUIRE security from bank Whether The security IN TN
case was sufficient question Tor mo sound dlscretoI
they having exercised mat discretion