Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1856-02-22

Mr., BASS submitted the following amendment. the Oh
jet oi which he said promote the circulation OF
small change. Under the present law, IL optional
With the bank teller to give the note holder IS gold
piece In exchange for Is note, whom specie deina
| dcd
The Ss%s aud ~ s.sSSAs .A. aud keep
uoa q Ave dollars. Which the option holder
shall redeemed hands Of The sa%s holder
In day, option Of the presented
Mr.. RCrHERF0ORD madea personal explanation
lie said that his viewsstc the exPedcacy and justice OF
the personal liability feature were unchanged It h,d
been tried elsewhere successfully and he believed that n
could be adopted in State with like success But
from disposition TO compromise he prepared to
vote for bill with that feature omitted but containing
provision which more beneficial To the interests OF
hc people, while at the time, it less obectona.
| ole To the banks.
NJ. SEDDoN also made a persocsi explanation CORES,
ponjn with sentiments expressed by Mr. RurmERrooRp
He would in spirit of compromise accept the amend.
nent offered by Mr.. G,RSErr.
Mr.. SrANARD regarded II OF vital importance that
such acharcr should would be acceptable to the
banks, IN order that that the State might be-
from the serious consequences advered by the gentle
| man from Essex (Mr. GARNErr.) lie (Mr. 81 had ac-
quicsccd Ia the amendment Introduced by Mr.. c. when
became apparent that by the scqucsence gentlemen
the other side IL would Dc adopted and tho
| IT the charter thus secured.
Mr.. CLAIBORNE also made personal cxplsnation III
rccng as remarks princpals in reply ausion made
oy Mr. PRESTON. which he construed a OF imputa-
ton upon himself and oshcr members OF the Democratic
party, who had cooperated with him, in sustaining the old
| banks.
| Mr.. EDMUNDS defined his position in n few remark.
anu also replied to thu objections urged by Mr.. EARLY
to the amendment offered by the gentleman from Essex
lie also stated his objections amendment submit.
ted by Mr. BASS Ii would require the banks to keep
double amount OF specie In addition the sum now
required they would be compelled have their vaults
a like sum in small coin.
Mr.. DEANE expressed his willingness to take the bill
as perfected.
| Mr.. XEMPER objected to Mr.. BASS amendment be.
cause would have the effect of encouraging the circul-
non OF the obnoxious shnpasters:"-Though not 50
intended, he regarded 1t small proposition and
would therefore vote against it,
Mr. JONES OF AppomattoS called the previous que
Tue vote was then taken on Mr.. BASS amendment ami
/ IL rejected
Mr. PRESTON dsclaimed the idea of making any impu.
aton upon the democracy Of Mr. CLNBoRSE or any Other
gentleman OF the Democratic party. for the course they
have pursued the question under consideration When
he remarked that the 'bahks were stronger than tn
Democracy, he used the term in its catholic sense
| Mr. PENDLETON called the previous question being
agreeing the rvnscrton OF the original bill A. race.
aud modified by Mr. EpNuSDs The question put and
determined in the affirmative without division.
The hill was then ordered be engrossed and read
/ third time.
The SPEAKER asked leave make II personal expla
nation He congratulated the House upon successfu
termination of this ove feast and hoped that IL wol
be held scored having been contaminated in the pre
| -ence of ladies'
Mr.. EDMUNDS moved that the bill be put upon il.
paSSage-the Clerk having completed its engrossment
/ Agreed to.
! Mr. EDMUNDS proposed TO ill the blank In that clans,
OF the bill prescribing the duration of the extended char
ter with sixteen a. to cause 1t to read shall be ex
| tended tor sixteen years"
Mr. RUTHERFORD proposed eight as a substitute TO-
| six.eea. Rejected
Mr. kENPER demanded the yeas aud nays on the pa.
! Mr. RUTHERFORD said that he would have voted
orthe extension tor shorter period, but could not v5
Tor ITS extension 10 so long period sixteen wears
Mr. GARNETT said that he would vote TOR th. bill
WIN tne nope that shorter terms would be adopted io
the other banks
Mr. JONES of G., made similar explanation of hi.
| vote
| Mr. BoNDURANT stated that he welcomed IN, assn
RANGES given by gentlemen from all sides of the Huus
that 1t was their purpose pass law this session t.
authorize sale OF the stock held by the State In tl,
Banks This enactment would take from the Legislature
the right 10 control the Bank. by authorizing the Cover
nor To appoint majority of the directors and remove hi.
objections 90 them liable be made Government
Banks With this explanation he would cast his vote for
the bill
The roll then called with the following result:
Es-Messrs Cratehhed (sPeakJ Ashby, Baker Barn-.
% HoPdGEAP, BGoRa Br~non Bran9oa
Calvert cpear cHici Cape carPe cGr: "se cssspa
@ ConS cox Crad6oe Graz ford Crockett Dab
Kaaa h EisnGs r: DFd Poys
Hs SLhS oGS Holden a nst. 1yos' sy
Johnston Jones OF Appoma'GH Jone; Of Gloase Kee Kelly
eIser Norman MariaSsh Si HY;Ey Ny M'Shg,Gsy
ham NGw:n Patterson PAUL Peniton iIrs Pcndieton
seaman ssAr shumae smith, spsr Sprinkle sanard Th"ma.
TriPs.t Tyre; Maion weinan, weon, west Wiley Wood
/ WoodhOuse and WTghi-llS.
N,Ls-Mesrs ,nderon, Aneti, Brady Byrd Caruthe Cr,
Tree CroekeT Dickinson OF Grayon, Hardy Jones'
| VAnor.lall and Yanery-i9.
On motion of Mr.. EDMUNDS the bill as passed. Wa.
| forthwith communicated to the Senate
The bills TO extend the charters Of the Bank of the Val
| ley, and of the Farmers Bank were then taken nm
amended in like manner and ordered TO be encrossed
The bills to extend the charters of the Merchants ana
Mechanics Bank, and the Northw Bank at Wheel
ing were likewise amended by the addition of similar pro
visions aud by the insertion OF clauses authorizing an in
crease OF their capital stock respectively the amoun
of S5uo,OOo, motion Of Mr. PAUL.. As TIM. amend.
| ed, they ordered to be engrossed
The hour OF o'clock having then arrived, the SPEA-
kER vacated the Chair until o'clock