The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1861-02-18
GENERAL ASSEMBLY OF VIRGINIA.
EXTRA SESSION.
SENATE.

SATURDAY. feD. 10, 1901.
Called to order at the usual hour, and open
ed with prayer by the Rev. Mr.. SAUL.
Bus Reported.-The following bills We're
reported Amending and re-enacting the Sth
section OF the act passed December 10, 1T94,
es stablishing the town of Middleton i'll the
county Of Frederick TO amend the third and
fourth 8 ct.o sof an act passed March Is, $780,
~ provide for the inspection of gnano and
pia<t$f~ of P.rTis in the city of Richmond and
town OF Petersburg to limit tho right to
make an entry or bring an action to recover
lands or the possession thereof, west of the
Allegheny mountains: chartering the Cole
raine Company to amend the 2od section of
the 6lst chapter OF the Code entitled 'of works
of internal improvement 10 amend the char
ter Of the city Of Alexandria incorporating
the Maryland and Virginia Coal Oil Com
pany, in Taylor coun ty for the relief of the
Orange and Alexandra Railroad Company
to incorporate the Little kanawha Mining
and Manutac turing Company; to refund 10
the Preston Coal and Iron Company money
improperly paid by il into the Treasury; To
amend the charter OF the Dauville Bank, and
authorize the establishment OF branches 10
incorporate the Industrial Society OF Wood
county; to enable the Monticello Bank, or
the Bank Of the Common wealth, 10 - tnblish
| an office OF discount and drJ,=s.' in the county
of Lancaster.
Resoi,tjons If Taypiry tgap,ed.-By Mr..
Armstrong, of amending .r tIuu ith Of chap
ter lSd of the Code, 20 - to authorize the
docketng of a ludgm"@i II a Justice Of the
Peace, and 10 give the p the same lien As
Judgments by a tourt O. Record. by MIR. Is
bell, Of compcus;iuuc Edward McCabe for
loss and injury sus tanned In consequence of Il
wound received in an attack on john Brown
and his band OF conslnr1tor~, at liarper's Fer
ry, in 1859.
Petition PreyeRfcd.-Nr. Lyxcu presented
| the petition OF l.. n. Eubank. asking to be
allowed Il portion OF his compensation az
Commissioner OF the Revenue for the city of
Lynchburg, withheld from him by the Audi
| tor OF PUBLIC Accounts. Referred TO Com
mittee on Finance.
order Of he Dsg.-On motion of Mr.. Is
| BELL, the Senate then proceeded 10 the execu-
| ton of the order of the day, the bill for the
| relief of the Banks of the Commonwealth,
| when Mr.. ARMSTRONG wi hdrew the amend
ment proposed by him yeaterd.y, and offered
| the following
payable at the cities OF Baltimore, Philadel lpbia,
New York Boston. heretofore discounted by,
| and which Is now unpaid and the property of any,
| Bank or Branch, or which may be hereafter dis
counted by any Bank Branch during the sils-
pension Of specie payment by it, such Hauk
| Branch snail pay TO the party for whom such pa
per was discounted, the excess OF exchange ut the
tween the point where such Bank or Branch is lc
| Gated and the point where such paper Is payable,
at the time such Bank or Branch suspended specie
| payment; and on failure OF such Bank or Branch
| to pay such excess on paper hereafter discounted,
| the party entitled thereto may recover the same
by warrant before any Justice of the Peace,
when the amount Is over htty dollars, by motion,
on ten days notice before any Court Of the county
| Gated; aud on the failure ot any Bank or Branch
to pay such excess ON paper heretofore discounted
and unpaid as aforesaid sucl, Bank or Branch
shall not have the benefit Of the provisions of this
act releasing any penalty forfeiture incurred by
| ii by the non-payment of specie
| The amendment occasiuned q spirited de-
| bate between MeSsrs. ARMSTRONG, ACGUsr,
| THOMAS of Fairfax, IsBELL, and others.
| The amendment was adopted by the follow
ing vote:
| YEAs.-Messrs. Armstrong, Caldwell, Carson
Carter; Claib2rne, Day, Dickinson OF Prince Ed
ward ward Early, Oatewood, Groeyer, lsbell, Losan,
aafshha smfsh Nsa of NFfMan Fsnrys Paxton
| NAYs.-Messrs. August, Brannon, Carraway,
Jr, Coghill, Fin9ey. Johnson, Lynch, Penny
backer, Thomas of Fairfax, Townes-l0.
| Mr.. IsBELL offered the following, which was
| also adopted
| Tho S3d section of chapter 5s of the Code of
| Virginia shall be amended and reenacted so as
to read as follows See. l6. Amy Bank author-
| lied to carry business Bank of circulation,
deposit aud discount, may loan money for a pc
| riod not exceeding six months, and discount any
bill of exchange, pr0missory note, other ne
| gotiable paper, for the payment Of money which
| will be payable within six mouths from the time
| of discoundug the same. A Bank may take in
| terest its loana and discounts at the rate Of
ouehalf of per cent;m for thirty days, and the
interest may be received in advance. Each Bank
or Branch shall regulate its loans and dis
counts that the same shall not, togeherwith what
bonds guaranteed by this State, exceed twice the
amount OF capital actually paid into such Bank,
or allotted 10 such Branch
''sAny President, Director, Cashier, who
may be instrumental in violating this section
shall be fined - dollars. =
Mr.. lsBELL, also, proposed the following
which adopted
''No Bank, or branch of a Bank. which may have
been heretofore incorporated, or authorized to be
established by the General Assembly, and which
shall not at the time tnat this Act takes effect,
have actually gone into legal operation, according
the of its charter shall be permitted to d.
50 daring the suspension of specie payments by
the Bans Of this Commonwealth. But this sec,
ton shall not be construed to apply to amended
| charters of Banks now in operation: P,oDiGcd
That this section shall not apply to the Banks OF
the city of Petelsbur8.'
On motion. the bill and amendments wcrt
laid on the table, and ordered to be printed.
Btils Passed-Senate bill authorizing the
issue of registered certificat ties of State stock
to Franklin Torrey, in lieu of two bonds lost
by the burning of the steamer Austria; Senate
bill authorizing the payment of sum OF mo-
ney to Scott & Adams, for work done on the
| Southwes tern turnpike: House bill to amend
an act to increase the capital stock of the
| Richmond and Danville Railroad Company
and for other purposes.