Lynchburg daily Virginian. [volume] (Lynchburg [Va.]) 1852-1861, 1856-02-21
HOUSE DELEGATES,


Mr. Edmunds offered the following resolution
which after some debate. was adopted.
"Resoived, That the daily sessions OF this House
shall commence at Il O'clock; that the Speaker
shall vacate the Chair, at o'clock daily; and the
House she take recess until o'elock when
the Speaker shull again call the House 10 order"
THE BANK QUESTION.
The bill to extend the charter of the Bank If
Virginia, was taken up for consideration,
The pending question upon the flowing
several amendments. which Mr.. Edmunds sab.
mitted on Saturday. with view to having them
printed.
Il. The Bank shall not issue or pay out any
note for circulation except of the nomination Of
five dollars, ten dollars OF some multiple Of
ten.
~ 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.
81 The total amount of the paper circulation
of branch of this Bank, shall never exceed five
times The amount of the coin in possession of
snch branch, and actually the property Of the
Bank.
II The Bank shall give no certificate, of de-
post, draft or other evidence Of debt, which is
not payable in specie.
- 1t shall be the duty of every branch Of the
Bank, which is now or may hereaft er be autbo-
rlzed by law, to redeem on demand all circulating
notes issued by such branch, or payable by such
branch which may be presented for payment at
the office of the Bank III the city of Richmond,
at a rate OF discount not eedng one quarter Of
Que per cent; and for fixture to redeem the same
the holder thereof may recover the same dana.
ges. and, in the same mode now provided bv law
for failure to pay in specie at the Office or Bank
where payable"
Mr. Seldom offered the following as an amend
ment to the first amendment given above: Nor
shall any note 81 the denomination less than SlO
be issued or paid out for circulation after the l..
day Of October, 1858"
At the request of Mr.. Kemper, this amend.
ment. as well as the original amendment. wa.
Withdrawn, to give him an opportunity of addres-
sing the House upon the subject.
Inc question was then put upon the second
amendment, as above and it was agreed to.
The third amendment was also agreed to.
HE question then REQUIRED up5n the fourth
amendment.
Mr. Smith moved to amend it by adding the fol-
lowing: without the consent OF the party 70
whom 1t is given" This was subsequently with
drawn.
Mr.. PAUL then offered the following amendmen;
TO the amendment: Except when said draft OF
other evidence Of debt j. payable at ZONE place
out IT the Commons, ah." Rejected.
The question then recurring npun the original
amendment,
Mr.. Clay bro OK moved to amend by striking out
the w"rle 'other evidence of debt" and insert "or
check"
1t was rejrcted,an the original amendment was
agreed to-
Mr.. SrdJon offered the following Amendment
7" the suhstltute:-Al the notes shall be signed
by the President. and counter signed by the
Ohshrr ct tn" parent bank. 1t shat not be law
lo Tor the Banks, or any Gifts branches. to paw
or deliver out IN payment, ar satisfaction OF any
demand upon it. or by way nf ioah Of Discount
any bill note. check other paper, except >ErI
as Is payable by Itself at It's counter. For every
violation ut ih. section, the officers guilty tLer
OF shai trtrl, 800, one half to the informer ana
on Inf IN the Commonwealth
. hls aint ndment was Il, butpd ut some length
Al's~rs. Srdd"n and Garnet being in favor Of IT.
aud Mes>rS. Taylor EdmGnd; Ronald and I'm
bod"n being opposed Ia it.
On notl"n of Mr.. Ein,uuds. thu speoisl oI'e'
Wa, postponed until to- morrow Mt T. a'eocH.
l'' tore the le>tion was taken on tie anrn0-
mem I" The amendment. the Chair was Yaca'''
.. .,. tbs evening At O'clock. ...
= DDS q iN DAYS all persons Indebted tber 70 i",
AtMi'lead Or Louis J. Arns:cI will Nrlf nnrh ohi5'"
y mug forward aad paving thcii LITTLE ants J
eet an, # slid bills.
ie al0clw LorIs /. ARmsTEAb,
,'iii4sii oisfEiss.--soois at tai. ei.iA"h. o.
~ Ia per gallon N the Dept Brdge street nraf N'
" e35i N and examine the artel sand You vii, lind
. ta's market have aFrais epci- - Haye t',.
resh every day and no aistak, mo l. iii 81, Ag@
&c Il difim for L. Rove, jr, . Co.
70 Manufac,nrers.wsAa have hand aid g. 81,
II ATahf Mo