Wheeling daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1852-1859, 1856-02-22
VIRGINIA LEGISLATURE.

VIRGINIA LEGISLATURE.
8 On the 10th a large amount of miscellaneous
business was donein the Senate, but nothing q
particular interest TO US in the West. We give
the proceedings Of the House on the Bank ques-
ton:
bill to extend the charter of the Bank of Virgin-
Mr.. Elmunds was entitled to the floor, hut
as he did not proceed to address the House the
Speaker again put the pending question which
was o,t feeing to the motion By Mr. Ruthcr-
ford, to amend the bin by filling the blank in
effect with -four years
Mr.. Seldom stated that this amendment was
submitted with the view of bringing the whole
subject of Banking up for discussion, as was
stated at the time it was offered. Many MEM
bers could not vote for extending the charters Of
the banks single dag, unless important restric-
tons We're first imposed upon these institutions
If the gentleman from Halifax did not intend to
speak on the general subject, he would move
that the bill be laid upon the table. After some
desultoTy debate, the motion was withdrawn.
Mr.. Edmunds said his objectin not proceed
ing with the discussion was to save the time of
the House. The debate could be resumed on
the various amendments as they were sereraly
submitted.
Mr- Rutherford proposed to Withdraw his
amendment
Mr.. Floyd objected He said that general
debate on the subject of banking would not be
admissible in the consideration Of amendments
Ssriatia,, as proposed by the gentleman from
Halifax CIR. Edmund.l To restrict debate in
thisway would be a species of gag-law to which
he hoped the House would not consent
Mr.. Lee moved that the ''order of the day. be
postponed until Monday.
Mr.. Edmunds- "Nr. Speaker: The gentleman
from Washington city
Mr.. Floyd-"I hope the gentleman will not
put me beyond the pale Of the Commonwealth.
Mr.. Edmunds-"It seemedso natural that the
gentleman should be in Washington city, that
hope he viii excuse the small error" laugh
ter) Mr.. +. proceeded to say "to the gentleman
from Washington county" that he had no desire
to staye off further discussion on the subject of
banking, but the finance bills have been made
the order of the day for Thursday, and ,if the
discussion on the banks is prolonged, the practi-
cal result will be that definite action on the ban
king question will be prevented.
Mr.. Preston sublnitteda few remarks favoring
continuation of the debate, and also stated that
difficulty which had been apprehcnded between
Messrs. Floyd and Segar, in the course of the
discussion on Thursday, had been amicably adj
justed, Mr. +. having disayowed any intention
of being offensive in the language which he then
used.
Mr.. Lees motion was then rejected, and by
leave of the House, Mr.. Rutherford Withdrew
the amendment referred to above.
Mr.. Floyd moved an adjournment. Negatived
ayes so, noes 67.
Mr.. Etlrnunds then submitted the following
amendment to the bill which was adopted:
The notes of the several banks of this State,
received in payment of the public revenue, ex-
cept the notes of this bank, the Farmers Bank
of Virginia, and the Exchange Bank Of Virginia,
and the branches Of said banks, shall not be re-
deem by the deposit banks in specie before the
expiration of fifteen days, after such deposit.
Should either of the deposit banks refuse to
receive on deposit the notes of any specie pay
ing bank, the Governor of the Commonwealth,
upon written notice thereof from the Treasurer
of the State, shall direct the removal ofthG State
deposits from such bank, and have them reno
moved from such bank, and have them deposit
ed in some other bank.
lie, MIR. Edmunds, then indicated his intention
to offer the following amendments, which, with
the billas amended, were laid upon the table,
and made the order Of the day for Monday next
at l o'clock.
1.-The bank shall not issue or pay out any note
for circulation except of the denomination of SIS,
10, or some multiple of ten OR Seldom pro-
posed to strike out So
''The loans and discounts of each branch shall
be so regulated that they shall not at any branch
exceed the capital of the branch
'The total amount of paper circulation Of
branch Of this bank shall never exceed five times
the amount of the coin in possession of such
branch, and actually the property Of the said
bank
''rhe bank shall give certificate of depositc,
L.. IL ~
payable in specie" CHR. Floyd proposes to add
lat the counter of the bank Issuing the same.')
Afurther amendment offered by Mr.. F., pro-
vides that every branch shall redecnits issues in
the city of Richmondat discount not exceeding
of one per cent.
SENATE.
MoSDAY, Feb. Is.
communicative from the House of Delegates
was received.
Mr.. Steenrod; from select committee, report
ed Senate bill TO incorporate the Odd Fellows Hall
Association (of Whecling.)
PHILADELPHIA NoSCMSNT.
Mr. Harris called up the bill for the erection of
monument in Philadelphia to the memory of the
signers of the Declaration of Independence.
After debate, the bill was on motion laid upon
the table, on the ground that the bill did not
specify the amount to be appropriated
AN EXTRA SESSION.
Mr.. West called up his joint resolution proyid-
ing for an extra session of the Legislature next
winter. On his motionit was SO amended as to
request the Governor to convene the Legisla-
ture on the first Monday in December next
The resolution was then laid on the table, Mr..
West giving notice that he would call it up to-
morrow TUESDAY directly after the reception of
reports Of committees
THE BANK QUESTION.
I'm Yn0tiOn Of Mr. D1nRalp the Senate rtaSnlv-
ed itself into committee of the whoIe-Mr Cat
lett in the chair-and resumed the consideration
of the bill to amend and re-enact the 5Sth chap
ter of the Code of Virginia, in reference to Banks
of Circulation.
The chair stated the question to be upon the
motion to amend by striking from the 18th sec
ton the provision requiring banks to pay out
their own issues for the satisfaction of all de-
mands.
4 debate arose, in which Messrs. Jones, De
neale, Taliaferro, WEIGH. Tazewell, johnson,
Douglas and Steeurod, participated; after which
the committee rose and the chairman, by instruc-
ton asked tobe discharged from the further con-
Sideration of the subiect-aDd II was So order