The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1856-02-18


nills the order Of the day for Monday would inter
rupt the debate upon the Bank question: which
could u no event be disposed of to-day.
MI sTArARD moved to amend Mr.. GARyETT's
king up the finance bills.
MI. FLOYD considered the bills from the Finance
Conmittes the most important that could be
Drought to the confederation of the House. He
regarded them ne of overwhelming interest, aud
entitled to precedence over every other measure
brought before the Legislature He considered II
the more imperative that they should be consider
Cd the earliest moment since be regarded rs very
certain that this Legislature would not extend the
session beyond the ntney days.
Mr. EDaUsDs took the ground that II the finAnce
OILS were made the order for Monday. Il would be
necessary at once to go to voting upon the amend
mems mems 70 the Bank bill. and with this view he
would forego his intention to address the House on
sne general question Of Banking. as he had design
ed that morning. He concurrod with Mr. FLOYD
IN the opinion that the Legislature would not pro-
iong us session beyond the ninety days, and he
avowed his purpose to be to vote for the adjourn.
ment at the conclusion of the constitutional term
he therefore considered 1t necessary the House
designed TO dispose of the important measures be-
fore 1t, that they should stop debate and act at
once.
Mr. GARNETT took very different view from
Messrs FLOYD and EpMUSDs. After an interrer.
mum of two years of the Legslature-he might
say OF the SoUernment-they had met there to con.
slider important matters, and especially to provide
for DEFICIENCIES in the public treasury Of two years
growth-they had taken sixty odd days TO exam
Inc the subjects before them and mature the most
important measures, and should they close the ses-
sion without disposing of thelnf He for one was
NOT willing to assume the serious responsibility of
adourning at the end Of ninety days; but was will
Ling to prolong the session from day to day to con.
slider these important bills.
Mr. STASARD took the same view with Mr..
GARSETT. He contended that no gentleman
would be more insonyenicnced than he by an ex.
tension Of the session beyond Ninety days; but as
great as the personal sacrifice would be to him. he
would make 1t. He regarded 1t the imperative
duty OF the Legislature to act upon the important
measures before IL, and if necessary to prolong
the session for that purpose. Regarding the FL
nance bills as important as any other gentleman
could regard them, he yet considered the Bank
question Of such Importance that it could not be
postponed By the present Legislature without the
most serious injury to the whole State. His con.
sttuents would be the first to suffer; but In time
every section would be reached They had pro.
gressed with the subject for some days, and ought
to act upon it before they took up another inpor.
tant question. To take up the Finance bills Mon
day would be to lay aside the Bank bills he there.
fore urged Thursday as the proper day for taking
up the former.
Mr.. sTASARDs motion for Thursday preva lied
80 that the Finance bills are to be taken up on
that day.
THE BANKS
The House took up the order of the day upon
the bill to re-charter the Bank Of Virginia
8 .fMF. hCTHEhFOOhD moved LQat t0e DlaQk as 10
time be SO filed that the bank would be re.char.
tered for four years.
Upon this motion great deal of irregular arg,i.
mentation ensued-a kind Of skirmishing before
the real struggle, which Mr.. EDNUEDs, chairman
of the Bank committee, avowed 1t to be his pur.
pose to bring on. Measrs. RUTHERFORD, FLOYD
and SEDDoN protested against closing the door to
debate and urged q full hearing on all the ques.
tions involved. The motion relative to time some
considered as opening the door wide Mr. FLOYD
f,.n ohafa .crhf
to time too limited for 1t and suggested that some
other motion be made instead of it
Mr.. EDMUNDs disclaimed any intention Of cut
ting off debate. He desired, however, that tangi.
mitted so that the House should have something
practical to consider Upon these practical propo-
sitions the debate could go on as well and with
more point than without them If he had the OPP
portunity, he would set the example by proposing
several he had prepared. Mr. +. called Mr. FLoYD's
attention to his remark about closing the session at
the end of the ninety days-his desire to take up
the Finance Bills on Monday, and his demand now
made for q full discussion of the Bank Bin-Mr. E.
did not see how he could have been grati6ed in
whole Bank question, as there were now only
tcelpe days left of the session.
Mr. EDMUND's suggestion led to the withdrawal
of Mr.. RUTHERFOoRDs motion to fill the blank as
to time it being considered that should be the last
offered.
lIn the course of the debate above alluded to-
Mr.. PRESTON took occasion t. allude to some sharp
words which passed between Messrs. SEGAR and
FLOYD on Thursday last relative to the manage
ment of the Allegheny Bank. He took
pleasure in stating that there had been since an
amicable understanding between those gentlemen,
and that their former friendly relations had been
completely restored
The bill re.chartering the Bank of Virginia, rs
the reader ia aware-it having been published by
us--is simply q re-charter under the provisions of
the Code on the subject Of banking, and proposes
no new feature. te
Mr EpMuNDs moved to amend the blu by Insert.
ing the following clause: r.sr--sesgsss-s
'The notes Of ths several Banks Of this State
eeived in payment of the public revenue except the
notes of this Bank the Farmers Bank of Virginia,
nd the Exchange Bank of Virginia and the branches
Of said Banks shall not be redeemed by the deposts
Banks in specie before the expiration OF hfteen days
after such deposits.
ceive on deposite the notes of any specie paying
Bank the Governor of the Commonwealth, upon
written notice thereof from tho Treasurer OF the
State shall direct the removal of the state deposits
from such Bank, and have them deposited in some
other Bank" ~
Mr.. EpMuYDs explained the purpose of the
amendment, which was to make the entire reye-
nue. collected In specie Its equivalent, and to re-
auire the Deposte Banks to take all notes OF specie
paving Banks or upon refusal TO cease to be De-
posite Banks. The State had necessity for large
amount of specie funds 70 pay the interest due in
New York and this city semiannualIy, and 1t was
necessary that certain provision should De made e
for it, He thought 1t proper, however, to give hf-
teen days time TO collect the notes.
Mr.. HoGE approved the provision requiring the
Deposite Banks to take the notes OF all specie pay
ing Banks. Those Deposite Banks, by refusing
the notes of some institutions solvent and trust
worthy they, though not SO large, had discredit
ed them and kept them below par, TO the injury OF
those institutions and the communities where they
were located
twas lntimated by other members that the old
par he cd ia1 sha Eat with anacia