Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1854-03-02

exseno tnesr road and TO increase It's capsi STOCK
that purpose.
An act Incorporating the United States Hotel Compan
In the city OF Richmond received from the Senate To-
was on motion OF Mr.. ELLrsos, read third time an
passed. he rules being suspended for that purpose.
Mr. CoLrRANr moved that Senate bill received to-day
DO read third time, being bill authorsng the paymeu
OF SUN of money ttsoo) to John Cooke. John Mitch
ell and Lorenzo ID. Collier contractors on the Floy
u II. and Hlsvilc Turnpike Road
The motion was agreed to, whercupon
Mr. STAPLES OF Patrick moved to suspend the iues 70
inc purpose OF putting the bill upon its passage
The motion being agreed to, o..
Mr. CoLrRAsE addressed the House briefly the merit
Secretary OF the Board Of Public Works aud the Enginee
who superintendent the construction Of the Road sustain
ing the claim Of the parties named in the bill.
Mr. Patrick desired to know II this road was not con
structed on State account IL he correctly Informed
tho contractors transcribed the limits Of the appropriation
Tor TINS work. He could not consent 10 establish such
precedent as that OF indenning parties Tor any addition
expense they may think proper incur beyond the e
| climate means provided by the State.
Mr. SrArLss OF Patrick, said that n Of money wa:
appropriated years ago to this road but
1t being ascertained that the road would be little
without McAdamzng portion Of Il, the Engineer under
took to contract for this improvement. II was in this
respect that the oss for which indemnity sought
had been incurred
Nc PArRIcH said that the Engineer had evidently viola
ted the law aud rsnscendcd the limits OF duty in giving
such contract He believed rather the duty Of
the House TO discourage such practices than favor them
nv granting compensation Of this character when looked
for
that the Engineer had complied With the law in the
which he had pursued IL he had there would he ap
phcation OF this character made to the House lie could
understand the facts in regard this road be- that this
turnpike road constructed State account and that
there portions oft which would be impossible except
McAdamized This Improvement was deemed so essen
ial that the Engineer undertook give for it,
execution The road would in fact be perfectly useless il
this Improvement not made.
Mr. MCKENHIE believed the claim a jus, one IIc de
handed previous question: which was sustained and
q m n ,f thp hsin NM
dccided-aycs co. noes 50.
SO the bill Was rejected it having failed &c, cons
tutional vote.
Senate bill to incorporate the Back Creek Valley Turn
pike Company ordered third reading motion
Of Mr.. MILLsR.
The following bills sen, from the Senate to-day were
read third time and passed the rule being suspended
for that purpose;
An act t" incorporate the Lynchburg Female Colcg-
ate Institute.
An incorporate the Oliver and Preston Institute
in the county OF Montgomery.
An act to incorporate the Virginia Locomotive and Car
Manufacturing Company at Alex indra.
An act authorizing the appointment of Clerk to the
d Blinking Department of the Treasury Office. The
upon this bill was-ayes lo4 noes Is
An act Incorporating the Protestant Episcopal Theo-
logical Seminary and High School, in Virginia.
An concerning the town Of Mooreld, in the county
Of Hardy being substitute for the incorporating the
said town, and for all acts amendatory thereof
An TO Increase the capital stock Of the Norfolk
City Gas Light Company, and to authorize said company
hold certain lsndS,
An act authorizing the Hempfed Railroad Company to
acquire lands in the city OF Wheeling for depa purposes
aud TO extend their road to the said land.
An act Incorporating the Norfolk and Fredericksburg
Steamboat Company, and
An &C. authorizing tho Marietta and Cincinnati Railroad
Company to acquire land in the city oil Wheeling Tor the
of said company.
Mr. GARSErr called for the order of the day. being the
bill prevent the circulation oil small notes its
ord reading
The House having agreed to take il up,
Mr.. kENPER, proceeded to amend it as follows -
In the FIRST Sect he moved to strike the words "orn
any aid in the circulation of which follow that por
ton Of the bill which proposes to require from every per-
who shall apply for license oath that he will no,
pay on. notes Of Sas determination than IS. Instead OF
the above words lie proposed to insert the words-vthiu
the limits OF the commonwealth"
He moved to add TO the second Section after the words
sha pay hnc OF dollars TO be recovered before any
Justice, Alderman Of city court in this common
wealth the words "Hnd person whose is sign
ed the face of such shall be deemed ssuer in
the meaning Of this act.
lie also proposed TO strike the 4th Section which
provided that any upon whom the penalty for the
circulation OF small notes be imposed shall bc mpris
oned in default of payment of same there remain until
the shall be paid until the expiration OF day
from the date Of commitment whichever STALL first
cur.
lie then added the following Sections TO come in as the
4 tn aud 9Th Sections:
"Any person may by motion before a single
Justice Aldcrman before any from any person
whose name i on the face OF note Of denomination
lees than co. times lie amount OF said which
be issued alter the passage OF this act such recovery
shall be in addition the i've dollars herein before i'm
posed"
The penalties imposed by this act shall be in addition TO
penalties heretofore Imposed, aud this shall be
strucd rtmedaly.h
These amendments were severally agreed to-
Mr. MOORE, of Harrison, then offered the following
amendments 10 be added additional sections That
Bank authorised 10y the laws Of this State carry on
business Bank of circulation, may issue the
denomination Of and dOllar5, to an amount not
exceeding per is capital which shall
payable in specie demand, and may be sgnui by the
President Cashier, any other officer oces Of said
Bank designated for the purpose by the Board Of Drec
tors.
II any Bank of circulation shall avail itseof the priv
leScs Of this act te notes Of such Bank, whether sed
at tile mother Bank or al any branch thereof
hereto shall he paid the mother Bank or any branch
:iereof at which the same may be presented.
Before vote was taken on the Latter amendments
Mr. STAPLEs of Patrick, offered the following as a sub
'iute for tie bill with the several amendments:
BE tenacted by the Genera Assembly Thatit shall
be lawful for tho Bans Of circulation Of this Common
wealth issue Of denomination less than So and
lo lcss than but II shall lawful for said Banks
TO issue Of this denomination to a greater amount
than ten per cent OF their capital"
I'd THE said Banks shall pay such notes from the
place where Issued, and the shall he redeemed on
presentation at the Of the said Banks from which
they issued and any Bank having branches hereby
CURED Ia like manner to redeem specie any noteS co
issued by said Banks or any Of It's branches and each
branch OF such Bank shall in like manner redeem any
issued by the mother Bank any Of its branches
I'd. THE right TO issue such notes by said Banks shall
cease aud after the lst day Of January, 1857"
Mr. KEEPER addressed the House al some length in
support Of bis bill His arguments favor Of the bill had
reference principally 70 tho Increased amount of gold and
silver available, endeavoring show thereby that
| necessity for small note currency did not exist.
Mr. STFPLEs Of Patrick addressed the House in reply
lie showed that the panci for this crying evil which the
| gentleman held to exist in the excess Of gold
and silver had no other than imaginary existence
la proof Of this he referred 10 the general dissatisfaction
aud cries Of discomfort at tho reruton which wore sent
forth from all parts Of the State Wing aud Democratic
papers decrying alike the great evil ond hcradDg tie uni
versal discomfort which existed. In remarkDg upon t
remedy which the opponents Of small circulation pre-
senod 10 the large amount Of silver and small gold coir
available be esd that abont three yea years apc
when this subject under cOpldeT4lonin House
told by the gentleman from Petersburg (Mr Wallace
that law before Congress- which, when passed
would provide for the circulation ola sucicncy OF -ive
10 all tho purposes Of circulation aud meet N,
most enlarged requirements Of the commercial community
Two years had elapsed since the passage OF that Law an,
since cries coming forth from all parts Of h
State to this Legislature asking remedy for this pressing
eYil
The gentleman from Madison, iir. Koinpcr0 presents
blto prevent the circulation Of shinpistcs r0med
for the evil complained Of lie warned the gentleman
tic fact that for the last twenty there had beet