The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1856-02-22
.-Tt4E-DAIEY-DIS PATCH'
II y 1900 t-S><->~~~-~
~ rserufug, February -. 1855.


. -, THE Bank BsHs
rr,. dcep interest feis IN the subject Oh tnc W
.s.rtsr,nr the Banks by the present. Les's'S'a'.
,nduees us to publish the bill recharscring 'ae
n.nt of virginia, ~ n passed the House OF Dele
% rstes Yesterday Several other bills passed an'
r,ns the CAV with precisely the same provisions.
fuzseas I, was understood that the restrtesonS ap
ul,ea TO the Bank Of Virginia should De placed
n an the other charters What the senate WIZ
g do with them remains to be seen ~ S
.sp ~ Biu 10 re-cAartr sas Bank Of pirsiaia
p .,.s,.a nv the General Assembly Of Virginia,
Th.t the charter Of the Bank OF virginia be and IL
nsreoy sr5 Tffy-seven, for sixteen years: and the
Hsnt IL hereby invested with ell the rights powers
.nd rriveges conferred and made subject TO all the
- r.rustious and restrictions imposed by the 18Th
sSth and 5stb chapters of the Code of Virgins AND
inc act entitled act TO amend the 10th secuen o.
chapter 81 OF the Code OF Virginia, passed ap'n :,
ia5s 90 far as the same may be applicable 70 oa "
The notes of the several banks Of this State recev
ed IN payment OF the Public R.nt OF virsinIa and
the Exchange Bank Of virginia sue sne az &c ~
said kauks shall not be redeemed oy tne deposte
hsuks IN specie before the expiration OF heen days
Should either Of the deposite banks refuse to re-
ceivs on deposite the notes OF any specie paying
e. o,,c. thereof from the Treasurer of the State
sbaIi direct the removal of the deposites from such
bark and have them Deposited IN anoIher bank
The loans and discounts of each branch shall be 50
regulated that they shall not AT any branch exceed
s,iee the capital of the branch. hla
The total amount of the paper circulation of q
branch of this bank shall exceed five times the
amount of the coin in possession Of such branch and
actually the property Of the ,t ssn. :,
other evidence Of debt, which is not payable in
specie.
ItshaIl be the duty Of every branch Of the bank
which isnow or may hereafter be authorized by law
redeem demand all circulating Dotes issued by
said branches, payable by such branch. which may
be presented for at the office Of tho bank, IN
the city OF Richmond, at rate OF discount not ex
seeding quarter Of one per cent and for failure
redeem the same, the holder thereof may recover
the same damages and in the same way now provided
By law for failure to pay in specie at the ofce or
bank where payable; provided that the mother bank
At Rchmond shall not pay by way OF loan or discount
any note which is not payable and redeemable in
specie at par, at It's own counter
Every quarterly statement OF the bank, shall in
addition to the info NATION which the code of Virgin
ia requires to be made, also, exhibit the aggregate
debt due by such bank; the outstanding debt due to
such bank its discounts OF inland and foreign bills
of exchange; its loans to drectors its specie circu
aton and depcsltes the first day of each month of
the quarter it embraces .t... -..
1t shall be ile duty of the cashier of the bank at
Richmond and of the cashiers of each of the branch
es TO cause an abstract to be made on the Monday
forenoon OF every week which shall exhibit the az
specie and depostes Of the bank the preceding ga
turday the abstract shall be promptly written in
book to be kept for the purpose which book shall be
kept upon the counter, open to general inspection
and may be copied from by any individual. -a
The bank shall not issue or pay out any note for
circulation except of the denomination of i've dollars
ten dollars, of some multiple OF ten.
This act shall commence and be In force from and
after the time when its provisions shall have been ap-
proved by the in the said bank convened
in general meeting any time before the first day of
February next, and such approval shall have been
made and certified by the President and Cashier of
said bank under its corporate seal to the Governor OF
4 his "a