The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1856-03-14

| MT FLOYD opposed any change In the organiza-
ton OF the basement Offices, and hoped the bill
would not be engrossed. Mr.. GARNETT replied to
MIR. FLOYD and a motion was made to lay the
bill on the table, pending which, the House ad-
| journed.
THURSDAY MORNING, March 13.
A message was received from the Senate an
nouncing the passage of number of bills, and that
they had agreed to the Bank bills from the House,
with amendments
THE BANKS.
The House bill to recharter the Bank OF Virginia
returned from the Senate with amendments, was
taken up. The first amendment proposed to strike
cut the I'd 4th, 5th 9th and eth sections and insert
the well known 18th section" somewhat modified
as follows
Though bank have branch all its notes shall be
signed by the Presi ent, and counterigned by the
Cashier Of the Parent Bank A Bank or Branch
snail be compelled to receive, In payment of debts
contracted at such Back Branch. notes issued by
itself and none others, except at Its option 1t shall
not be lawful for any Bank or Branch of Bank
cept In settlement with other Banks Branches,
pay or deliver out in payment satisfaction of any
demand upon 1t, or by way OF loan discount
any bank note. except such as is payable by itself
face thereof For every violation Of t this see
ton, the officers guilty thereof shall forfeit each
$500, and the Bank shall also forfeit 800, one
half to the informer and the other half to the Com
monwealth. So much of the State deposites may
consist of bank notes bills not payable in Rich
mond, the said Bank shall pay only after the expi-
made"
And the Senatejpropose to add as an independent
section the following, to come in after the 10th
section:
at shall he lawful for the said bank to increase it's
capital stock by the amount of 6500G0 by the sale
of stocks provided it shall not be sold at less than
par of this increased amount $50 600 shall be added
to the capital Of the BRANCH at Norfolk @ 600 to the
capital of the branch at Petersburg; 200 the
capital of the branch at Lynchburs, and the residue
to the Bank at Richmond"
The Senate further proposed to amend by stri.
Mr. EDMUNDs moved to disagree to the Senate's
amendments. ..5
Mr.. FLOYD expressed himself in favor of requir.
ing the mother banks to pay out their notes at
their counters, and receive the notes of their
branches in payment of dues. He would vote for
the Senate's amendments, his object being to se-
cure convertible currency.
Mr. EDMUNDs explained what he believed would
be the effect of the Senates amendments, and op.
posed them-especially that compelling the banks
to pay out their own notes.
Messrs SEDDoN, RUTHERFORD and KEMPER
sustained the Senate's amendments, and Mr.. Ed.
MUNDs replied to their arguments
Mr. PENDLETON, of Giles, demanded the previ.
GUS question, which being sustained, the question
was put upon the first amendment Qhe "pay out
your own notes. clauseD upon the motion to disa-
gre, and decided in the affirmative as follows
AYEs-Messrs Crutcbfeld, (Speaker) Arnett, Ba-
ker Barnes, Bass, Berkeley, Bondurant, Boreman,
Bosworth, Brady Brandon, Brannon, BurweiI of ,
Burwell of B.. Bush Byrd, Bywaters Cabell Carter,
Craddock, Crawford Crockett, Dabney, Davis of A,
Deane, Dejarnette Dickinson of R., Doyle. Draper,
Early Edmands' Essborn us Eyson & French Fto;
fns Ho@sn HoSe %soden E ahnssen 1'S Rely ips kiPsy,
ss Ma1dsas MaS1 Nssdn s.soa
ham, Nowlin. Patterson, PAUL, Pendleton of Giles,
Psndleton of L, Pitman, Riddick, Riggs Ronald,
Sprinkle, 81 .nard: Taylor, Thomas of NJ, Thrift,
Towner, Triplett, Tyree, Walton, Wellman, Welton.
West Wood, Wright and Yancsy-1oO.
NoEs--Messrs. Anderson Ashby, Carpenter Cand-
Ter, Carroll Crabrree, Crocker, Davis Of G., Dickin-
of g., billiard, Dromgoole, Floyd, Garnett Hardy
Jones of A.. Jones of r., Jones of G., Kemper, Lee,
foord, Seldom Sinclair, Splitter, Thomas of Warren,
Thompson, Tomlin, Tredway, anorsdall. and Wiley
So
Mr.. STAsARD then moved to amend the second
amendment by striking out all after the word
par" and insert the words ito be distributed be-
tween the mother Bank and its branches as the
stockholders in general meeting shall decide"
After brief debate in which the amendment
was opposed by Mr. DEANE and supported by Mr..
SMITH, it was agreed to- and amended, the
amendment was agreed to.
The House disagreed to the third amendment of
the Senate.
to each of the Bank bills extending the charters
of the Farmers Bank, the Exchange Bank, the
Bank of the Valley, the Merchants and Mechsn-
les Eank of Wheeling, the North Western Bank
of Virginia, and the Bank of kanawha. relative
to paying out their notes. &c. And the House on
questions severally put disagreed to the Senates
amendments in each case,
The Senate proposed to amend some of the bills,
by changing the period of the extension of the
charters and as to the amount and distribution of
the capitals, as noticed below
The Senate proposed to extend the charter of
the Farmers Bank eighteen years instead of oelre.
The House disagreed.
The Senate proposed to reduce the increase pro-
posed by the House, in the capital of the Farmers
Bank of 81, 100000, to 100000 and to this the
House agreed.
The Senate proposed to increase the capital of
the Bank of the Valley S600,GO0, and to this the
House agreed, with amendment leaving the
distribution of the increase to the stockholders.
The Senate proposed to increase the capital Of
the Exchange Bank 81, 100000 instead of 81, ,00O,
900, as in the House bill. To this the House dsa-
| greed
The Senate proposed to extend the charter of
| the Merchants and Mechanics Bank of Wheeling
fifteen instead of ten years. and the charter OF the
Northwestern Bank of Virginia from eighteen to
ttcenty yearS--tO both OF Wnicn amendments the
House disagreed
| Mr. SEDDoN called attention to the fact that all
the bank bills except that with regard to the Bank
of Virginia. passed the House without call of the
ayes and noes, and as he deemed that the constit-
tonal vote was necessary in each case, he submit
| ted the fact to the House to act as it deemed
proper No proposition was made, and the subject
dropped
DEAF AND DUMB ASYLUM.
The House took up Senate bill making an addi-
tonal appropriation of $12,500 10 the Deaf, Dumb
and Blind Institution at Staunton, passed by a de-
cided vote.
On motion of Mr.. JONES, of Appomattox, leave
was given to bring in bill to incorporate Sa'
wings Bank at Pamplinsvile, in Appomattox.
INTERNAL IMPROVEMENTS.
message from the Senate by. Mr.. AMBLER, an
nounced the passage by that body of the internal
Improvement bills for aiding the Virginia Central
Railroad. the Richmond and York River Railroad,
the Orange and Alexandria Railroad, the Lynch
burg extension of the eame, and the bill for the
impro rovement of the navigation Of Coal river.
VIRGINIA AND TENNESSEE RAILROAD.
On motion of Mr.. FLOYD, the order of the day
on the finance bills was passed by, and the House
took m the bill for increasing the capital stock of
the yirginia and Tennessee Railroad, and author
izing tho Board of Public Works to subscribe
therefor.
Messrs PRESTON, FLOYD, and BuRwEIL of D.,
briefly addressed the House In behalf OF the bill,
after which 1t put upon its passage and passed
by ayes So noes A. q. foilowa:
AyEs.-Messrs Crutchfeld,. tSpeaker,1 Anderson,
Ashby, Bass, Bondurent, Brown, Burwell Of b.,
Bush, Byrd, Cabell Carpenter, Gambler, Carroll Car