Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1853-12-20


Committee which instructed cuquire eSpe-
diency nf o!zing State Banks 10 issue small
and This resolution precudes Them MIR b ed
that the Committee on ueneIa LAWS DC Instructed 10 orDg
In bill.
AIR CamPsELL-lt would DO an anomaly In legislation TO
have committees acting on KINDRED suhect. He was,
moreover In favor Of regular legislation through the stand
ing committees.
ed 10 take the subject into consideration
Mr. MARTIS with this information before him. withdrew
Mr. SuAcxcLroRD had simply wished draw the
lion OF the the Maryland law which had succeed
cd in suppcssng the circulation OF small notes. He would
accep, he amendment of Mr. CAMPBELL.
MI WARD moved TO amend TO require the commit.
ice 10 enquire into The erpediency of repo,uga bill. lie
wished not up the hands OF the committee but 10
give them the whole charge Of the subject He was for
gullr OF business and against giving priority 10
any bill.
Mr. DExEALE could vote for the amendment, for he
did not believe single Senator opposed 10 the suppress
sion of shin rlasters and Small Bank Noles.
Mr. WADE moved The previous question which was sus
talned and NJ WARDS amendment was rejected.
Mr. CngoH called The ayes and noes on The resolution
nsrucling the Committee on Banks to report bill for The
suppression OF small notes. which was carried:
ArEs-Messrs Arthur, Barnett Brawner Braxon, Boswell
Campbell, Catlcrt, Chapman Dcnsae Douglas Funston
Granham Harris, Irving Johnson JONES' Logan Marshall
Parker Paxton Randolph. Reger, Shackellord, Smith
Steenrod, Tate, Thompson, Turner. Wade, White-36.
NoEs-Messrs Creigh, Hall Mckinney, Saunders, raze
w.Il-5.
Mr. THoNAs offered resolution, Instrucng the Com
mltee Banks enquire into the expediency OF suhot
Banks Of ths State based upon State securities
issue OF LEG denomination than S. 10 the amour
of filth Of the specie required 10 be kept In the Vaults
said banks -, ,i,,o.
hl THOMAS desired seId the subject 10 The Com,'tu e.
Free banks principle. They are II , nd
snep fifth OF their capital 10 specie 10 tiet
his object that amount, no" iue h, God
circulation. He thought that the issue Of sI? ,h nssn,
this amount, with specie basis wooI me nrnnose
trash from circulation and lhen, 6y repeating ' por01
law we would get rid entirely OF sTial no'e hd ~
MR. CArLETT called the ayes anu e,. ~ his
tho Senate would now give decided vo'e on lS quescn
test He thought all these schemsS would only To-
crease the evil 81, tho .sol,,,, e., r.. WA
nw;,g 70 piye preference 10 one kind OF banks and &c
| mava discrimiua ton against the old banks.
A. ruowAa repea ted his views In favor Of the resolution
tib 1e,IIv did no. amount 10 discrimination He did no
This IS permanent measure but for temporary relief
This resolution of inquiry does not pledge Seniors
Mr. JOHNSON, while ready 10 voe for this resolution
bougbt The question covered by general resolution ALREADY
adopted and before the committee including this and ohe
schemes ,h. (,,n,
mittee Banks TO enquire into the expectancy OF auo
zinp the Banks of ths Issue notes oil oenomha
ton less than S. from and after the LIST OF July leo4 AM
fo,bddpg the circulation of under the
of g. Issued by all other corporations and by lno'ousS