Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1854-02-03
s2l97eO
S362,54O

all Of which appears from the stock books
The next subject OF investigating was whether the
bank had always preserved the ratio Of specie 10 papor cir
cuaton, required by the 10th section Of ts charter and
by the 18th section Of chapter 80 Of the Code.
10 ASCERTAIN this, the committee examined the estate
ment book containing record Of the weekly hibs Of
the condition OF the Bank by the officers of the Drec
tora =
paper containing extracts from this book was snbmt
ted with the report 1t shows the fact that several
periods the amount Of specie has during short in
tervas, fallen somewhat below the ratio mentioned
above, which is one-6th OF the paper circnla-
ton. 1t will be observed that the statements e1-
hbit the amount Of actual specie nand at any given
time together with the Of funds conyertable nto
specie On Of the occasions OF deficiency the sum
Of the specie and Of the specie funds made up the reaui
site amount, other occasions IL did not For nm
nation Of the Of this occasional deficiency the com
mttee make reference 70 question In the Deposition of
Jas. Mckenzie.
The committee stated that in addition to the eIamina-
ton already described they counted and estimated the
specie in the bank at the time OF the investigation That
is to say they counted tho gold COIN and finding Il to
amount to $4,000, which than fifth Of the
paper circulation at the time they did with re.
gard to the silver coin than estimate ia amount this
they supposed 70 be- about what stated 10 by the
officers Of the bank, viz: $1,000.
The committee state that they made greater
into the books than here described but these
were in connection with and 10 aid ofhe examination
the results Of which classed with the testimonies Of
the Witnesses.
The Committee expressed their strong sense Of the
coutesy extended tn them by the President the Cashier
and all the officers OF the Bank and by all the Directors
Who present we'll Of their propness In answer.
ing Ill questions their readiness give any information
desired and 70 furnish every facility Tor the investigation
and tho entire absence their part FAR could be
dscerned by the incest scrutiny 81 all desire
snything sought 10 be brought into view.
On motion 81 Mr. GIRRErT tho report laid ON tho
table and ordered 10 be printed.
On motion Of Mr. PsTRCE the special order Of tho day
being tho Covngtou and Ohio Railroad bill, was post
poned I'LL Thursday yesterday 10 enable members 70
anime the report Of the Board Of Public Works. laid on
the table that morning.
The following bills which passed the Senate we're con.
yoJed 10 tho House:
An act authorizing the Winchester and Potomsc Rail-
road Company Issue lie coupon bonds for the purpose
n raising the 1913 49, 70 bo paid into the State
Treasury redemption Of the annuity Of Ave tbousan
dollars, nov payable by said Company.
Also progding for the election OF additional
Commissioner Of the for the county Of SussoI
The nnfnished business then taken up being the
amendment offered by W. Syrn 81 Brooke and Hancock
10 strike the word hexpedienr IN the report OF the
Committee roads upon tho petition Of citizens Of
Brooke aud Hincock Tor atghtof way across the Pan
handle for tp purpose OF constructing railroad from
Pin'brg TO steObenyjle and insert the word "eSpe.
dent"
sBRASSos addressed the House 10 favor Of The amond.
mept -.-.4 ..,-. .,rt
NJ. GatLY 'posO in reply,