The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1856-03-17

virginia to change their present banking system
AN aet TO Incorporate the Raleigh aud Tazew ell
Line turnpike company. 5ss ss-...s ,i
Institute - . -, - = -
An act to incorporate the Dinwiddie Plank Road
company. eer = - -
ry interest on the guaranteed bonds of the James
hiser and kanawha company. --s raf
of the Old Dominion - = = :
:. An act amending an act to incorporate the
Sinking Creek andCraig's Greek Turnpike compa.
ny.
An act authorizing the establishment of branch
bank in West Columbia, Mason county
An act for tie relief of Henry Gordon late sheriff
On motion of Mr.. TAzEwELL, the chair was va
Gated till o'clock. s -. I. -s..s .. -.
HOUSE OF DELEGATES.
FRIDAY NIGHT, March IA, 1856
The House took up bills in their early stages
and ordered several of them to be engrossed.
FINANCE BILLS ..
The House resumed the consideration of the bill
for the relief of railroad and other companies, and
to regulate the terms on which they may borrow
money. The question upon the passage of the bill
was decided in the affirmative-ayes "a, noes 3S
and the bill was communicated to the Senate
THE BANKS.
The Senate had sent message to the House &C.
companied with sundry Bank bills re-chartering the
Banks for the term of five years from the 1st of
April, 1851 under the present laws and regulations
governing the Banks.
The House took up at the instance of the chair
man OF the committee on Banks, Mr. EDMUNDs
the bin extending the charter of the Bank of Yir
ginia to enable him to move an amendment which
the House could adopt and send to the Senate and
IN that way bring the subject of the Banks to a
committee of conference without the Intervention
of which Mr. f. thought the question of the re-
charter of the Banks could not be settled by the
present Legislature
Mr.. EDMUNDs then moved to amend the bill bv
striking out and inserting the bill as it originally
passed the House. -
Mr.. FLOYD opposed the motion to amend-he
thought would leopard the charters of the Banks
at this late period of the session, and although the
opinions he entertained had not found favor in the
House, rather than produce that result he prefer.
red to acquiesce in the action of the Senate
There would be time for two biennial sessions be-
fore the end of these prolonged charters passed
by the Senate and certainly in that time the ques
ton as to how these Banks should be permanent
y rechartered, could be settled by the Legislature
In the meantime for the interests of trade and
commerce, he was in favor of this temporary Ie
charter. -..r -...v .-f .v...-=.-
Messrs GARNETT and EDMUNDs assumed that
the Senate should have asked a committee of con.
ference, instead of returning new bills to the
House, and that 1t would be proper to return these
bills to that body, to ring about the conference,
and some change in the organization of the Banks
Both gentlemen were opposed to the continuation
of the abuses of the present system of Banking
for five years. .-... .-. ...
Messrs. SEDDoN and HIETT took the same
ground that Mr.. FLOYD did ,a
The question upon Mr.. EDMUNDs' amendment
was decided in the afiirmative-ayes sc, noes 25
The bill as amended was passed-ayes 100
noes II. 1855 5zsf t". ".
The title was amended so as to read, "a bill to
extend the charter of the Bank Of Virginia.
The bill as amended was communicated to the
Senate. --.
On motion of Mr.. GARNET, the House deter.
mined to meet tomorrow morning at 9 o'clock, and
to take recess at O'clock and meet again at 5
o'clock.
TAX !BILL. .rr
On motion of Mr. GARNETT, the House took up
the bill imposing taxes for the support of govern.
ment," on its second reading.
Several amendments were made. Mr.. GARNETT
moved to amend the tax on brokers by reducing it
from $500 to $500. He thought the former amount
too high, being ten per cent on s., 900. Opposed
by Mr. MALLORY and rejected
Mr.. GARNETT moved to fill the blank in the
tax on Telegraph and Express companies, with
one per cent. on their receipts. Agreed to-
MIR GARNETT moved to amend the 9th section
by striking out the following words in the tax on
merchants sales land if $4,000, and under $75,.
600, $3.50; and if $4,000, $500; with $50 added
for each sum of $4,000 excess of sales over S75,-
COX" and insert: land if over $4,000, then an ad-
ditional tax of $40 for each sum of $4,000 excess
over the said sum of $4,000"
This motion was agreed to. o.
Mr. EARLY moved to amend the tax on agents
of nsul ance companies not chartered by this State
by making itJfre per cent. instead OF one-half of
one per cent on the amount of premiums received
by them, pending which motion the House ad.
journed.
.z SATURDAY MORNING, March 18th, 1856
The House met at o'clock.
On motion of Mr.. DEANE, a series of resolutions
were adopted, prescribing the manner in which
railroad companies are to keep their accounts
They were communicated to the Senate.
SENATE BILLS PASSED.
The following Senate bills were read . third
time and passed, and are therefore laws:
An act TO prevent the sale of poisonous drugs to
free negroes and slaves.
An act to establish branch of the Bank of the
Old Dominion at Pearisburg, in Giles county.
An act to amend the lst section of an act passed
March llth 1853, entitled an act to authorize q
State subscription to the capital stock of the
Wytheville and Grayson Turnpike Company, so
as to repeal the proviso in relation to the average
cost per mile Of said road; yeas l02, noes lO)
BANK OF FINCASTLE.
, On motion of Mr.. MAYS, the House bill extend
ing the time for the commencement Of the bank
in the town of Fincastle, was taken up, read 4
third time, and passed.
BANK OF CLARKsBURG.
On motion of Mr.. JOHNSTON, the Senate bill to
establish branch bank at Clarksburg, la Harri.
SON county, was taken mp, and being amended,
was passed The fact was announced to the Sem
ate, and subsequently that BODY returned mes
sage that they disagreed to the amendment.
IMPROVEMENT OF COAL RIVER
On motion of Mr.. ANDERSON, the House took up
the Senate bill authorizing an increase of the ca
pital stock of the Coal River Navigation Company,
and authorizing q subscription upon the part Of
the State TO said increased stock, and authorizing
certain chartered companies TO take stock therein
After brief speeches in its favor by Messrs An
DEpsoN, DOYLE and SMITH, the vote was taken
and the bin was rrjected-ayes 10, noes 47-not a
constitutional majority.
On motion of Mr. DfCKIHsoE of Grayson, the
House reconsidered tho vote, and the bill was laid
on the table.
TAX ON OYSTERS. ....
Mr. KEMPER, from the special committee on the
subject reported bill to provide revenue from
the trade in oysters and ether shell fish, terrapins
and wild fowl.
Mr. JONES of Gloucester, intimated that be would
at a proper time offer minority report on the sub
jec. differing he did from the committee In their
conclusions.
During the day, the Senate communicated the
passage of q number of bills, which wiz De no
ticed as they arc taken up.
Ytf-- TAX BILL 4st
On motion Of Mr.. GARsEIT, the House took up
ha chill INN tsx fcr aupUOrt OF govern