Republican vindicator. [volume] (Staunton, Va.) 1849-1857, 1856-03-01
from the Richmond Dispatch.l
The Ra nlr Bill.

!
| ------
| from the Richmond Dispatch.
The Bank Bill.
The deep interrs: ielt IN the subject o
the rtchs rtrring the Banks by the pr1seh
Legislature induces us 10 publish the bill
| r. -chartrrine the Bank Of Virginia, as j
passed the House OF delegates yesterday
Several other bills passed dutiDg tie day
with precisely the same provisions. III.
deed it was understood that the restriction,
applied 20 the Bank Of Virginia shou Id b.
placed in all the other charters. w hal
the Senate will do with them remains te
be seeii.
A Bill 10 e.charfer the Bcnk Of Virginia
| Be it enacted by the General Assembly
Of Virginia, That the charter Of the
B.nk Of Virginia be- and is hereby exten.
ded from the FIRST day of April, eight. Ell
hundred and Fl ay-srvrn, for sixteen years;
aud the Bank is hereby invested with all
tn. rights, powers and privileges confer.
red. aud made subjec, TO all the rules. reg.
ulations aud restrictions imposed by the
56,h 57ih aud Ssh chapters OF the Code Of
Virginia, and the act entitled an act TO
amend the 10Th section OF chapter 81 OF
the Code OF Virginia. passed April 9,
1853, so far at the same may DC spPlica-
bic 10 Banks Of circulation.
The notes fthe several banks Of this
State renewed in payment ofthe Pu6lic
Revenue, except the notes Of this Bank
the Farmers Bauk Of Virgins and the
Exchange Bank Of Virginia aud the
branches of said banks, shall no, BE- re-
deemed by the cespos,te banks in specie
before the expiration Of fifteen days after
such deposite.
Should either Of III. deposite bapks re-
fuse to receive on depositr thr notes OF any
specie paying bank, the Governor Of the
Commonw cath. upon written notice there
oi from The Treasurer of the State, shall
direct the removal Of the drposi,~s from
such bank, and have them Deposited in an
Other bank.
The loans and discounts Of each branch
shall be so regulated that they shall not AT
any branch exceed twice the capital Of the
branch.
Total amount Of the paper circulation
of q branch of this bank shall Lever
exceed five times the amount OF the
coin IN possession ofsuch branch, and ac-
,ually the property OF the bank.
The bank shall give no certificate OF de.
posite. draft or other evidence OF debt,
which is no, payable IN specie.
1t shall b. the duty Of every branch of
the bank. whlch is now or may hereafter
be authorized by law, to redeem or de-
mAnd all circulating notes issued by sand
branches or payable by such branch
which may be presented for payment OF
the Office Of the bsuk, in the city of Rich.
mond, ut a rate Of discount not exceeding
one quarter Of one per cent; and for ia'l-
uIe to redeem the same, the holder thereof
may recover the same damages aud in the
same way now provided by law Tor failure
to pay in specie at tie office or bank where
payable, provided that the mother bank,
at Richmond, shall not pay BY way Of loan
or discount any note which is not payable
and redeemabIe in specie at par. at its own
counter.
Every quarterly statement Of the bank,
shall in addition to the information which
the code tor Virginia requires to be made
also, exhibit the aggregate debt due by
such bank; the outstanding debt due by
>uch bank. the outstanding deb, due to
such bank; its discounts Of inland and for
eiga bills OF exchange; its loans 10 directors;
its specie circulation aud d~posites On the
frs, day of each month Of the quarter il
embraces.
1t shall be the duty OF the ccsh;er Of the
bank at Richmond and OF the cashiers oil
each OF the branches 10 cause All abstract
to be made OH the Monday forenoon o
every week, which shall exhibit the ag-
gr~gat. amount Of loans and drpos't-s &
the bank on the preceding Saturday; the
abstrac, shall be promptly written in
hook TO be kept for the purpose, which
book SHALL be kept upon the counter, open
TO general inspection and may be copied
fiom by any individual.
The bank shall not issue or pay out any
note for circulation except Of the denomi
nation OF five dollars. ten dollats, or o
some multiple Of ten.
| This &C, shall commence aud be in fore,
from md after the time when its provis
ions shall have been approved By the
sloc holders in the said bank convened il
general meeting at any time before thr mrs
day Of February next. and such approva
shall have been made aud certified
by the Presiden, and Cashier Of said banl
under its corporate sral to the Governo
OF this Commonwealth.
A DUEL WITH REvOLvERs.-The New
Orleans bee" 81 the 9th inst has the fol-
lowing
THE holy Sabbath day was dssecrate.
b! one Of the mott desperate durls wheel
has iol some time OF, ytred IN this nrigh
borhood. On Sunday morning there ar
rived at the lake end OF Po0,chartain rail
ROAD, BY the Mobile steamer, two meg
banned Quarles and Bell bro;hera III law
from Schema, Alabama, accompanied b.
their seconds aud Srrg-ons. They immr
diaseiy starisd up the shore Of the lax
about half mile, and proceeded TO al