Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1861-03-02
THURSDAY. FrBHuARv IS, 1881.
IloESE OF DELEGATES.

TIE House me! ut - O'clock epeakcr CHrNH-
FIELD ia the Chuir
Prayer ivy tie Eev. NT. UcStAS, o. inc Aelhools!
Church.
Varion. reports were made by committees and re-
solutions OF cuq.iry adopted
On uio,icn VI Mr. MARrIN. Of uenry, :he bill for
the rrrf Of iIe EInSs Vi the Commonwealth was
taken up.
INV in section Of tile bill, proposed by the sena;"
us M amendment, rends this:
ut slnll bu the duty Of til. several Banks ano
brunei. i:anG. 81 ts 5a;c, Whichever required ~ tue
Goyrrucr 10 redeem III scuu specie funds such IN
unonut vi their mtes rs may DC NECESSARY TO lueet
the spsce demands upon the Treasury OF tie
LonlIcn wcalih; and 10 this cHd, tEe contribution
shall uc ratnole and ACCORDING 10 noTm per reif
upon the aggregate amount ri tue capitu', vlrtnatE''
n,i ,lr rors 81 MI the Banks Of this Commonwealth,
IN the j.. Guy ii O:tobc: ucS! preceding The rsqlsi-
tiumn
insert others 10 make the section colclude
thus: The contribution saI be ra;ab'e e.id accord
ing TO the uniform per c.ni"sc upon the aggregate
,,,Ionnt OF the capita! % the Banks Of the CUu'n9u-
weuiih, actually paid ~"
TIL, amendment Was r. ccted.
SIR lIArMoSp yropv:cl tho following amendment:
"Srrlkc gu, III Nth section all after the ToTdn
rnub!en in the sixth e. und insert the following:
And in proportion 10 !hc amount Of the notrs ~
each bauk OF branch bank which may DO rect!fea
by The Treasurer il payment Of public revenue. A.
After discussion OF the proposed nihe!ueh'' 1At'
D,
Mr. koscRTsoE Offered tho follo"ii2 athehu'ne"' !"
hi.h section OF the bill:
"'rh.t the SECOND Auditor bc, md he Is herahy,
directed 70 endorse Oil uI ~arrnuls !of vi VIC
public debt due 10 uun.resldsnts Of tlls common
wealth the words "mon-rcsdeht, aho inc eHeSAs u
the Treasurer issueu thereon snail DC similarly en-
ol ,cd und drawn III the usliu Hrcport0flr gu the
several banks IIul,nk tho pUoiic monies, nnd MI
such check. shu! DO pa%nbie and paid oE IAc: III
.prcir Provided, howevor, that such haI's- shall hs
a. ,,, ny
wealth. for whatever Premium or discount sllch banks
may be Injected 10 in milking suei payment" IN
Specie during such time " the general Assembly
shall scc lit tc authorize the general suspension OF
specie Panlsnt.."
Ai,cr DISCUSSION, in WHICH tevera members par-
ticIru!ed, this substitute :'ae Ts]rrso3. ayes -,
noes CO.
The nth $, elton of the Senate bill was then ADOPT
cd.
Tine sixth noton Ct tie bill then cans W Us fol-
Low:
% the payment OF every duo bill OF ornlt payable
in tie citias Of Baltimore Philadelphia, New York
and Boston, heretofore discounted by and which
may be- hereafter discounted ny ANY oIIIS or oruhoh
bank, during the snspeualcI OF spteie paShlch! pS ~
such bunk or branch shall pay To the parry inr whom
such PAPER MA disc unted, the excess VI exchange
nj tile tine of such paynlet over nd ABOVE the rate
Jetwoen the point where such eaDS or orancn !" To-
Gated und the point where sch paper IL PhyGpei at
the time such la TX or branch sspeuoca sl'rcie pay
such excess on paper hereafter discounted tho parry
entitled thereto niuy recover tic suo, hs WARRANT
bet 'r-nry justice oi the peace, or TEeu me amount
is over " dollars, by motion, on ten Oh! botice'
before u,,v court OF ths county or corporation Where
sch bank or branch Is located; aud Oh tho iaIln:= o.
-uny bank or brunch ~ lny such s1cess GU paper
heretofore tlisl united dna unpaid Us u'ofesid ruch
bank or bran shalt hurr the benefit VI the pro-
visions OF tbs ct releasing .nyPeulity or forfeiture
incrrrul by il 10y the non-paynirnt Of specie
mn. .ssiu o
on. this sect w. and 10 repeal The 9Th soctioI chap
trr IA OF tho Cv,io Of Virginia. Tie 9Th sertr was
tLen adopted by the House.
The 7th SEQ ION VIII then read Gr follows:
The sixteenth section "i chapter Gily-GIghl Of the
Codu Of Virginia OF lSia, -hali be aincrued hHd re-
euucted y 10 read M follows:
,.Auy bank authorized % carry OIL business n.
bunk Of circala!iom deposit and discount, may Loaf;
money ivr period not exceeding SIX months, and
discount AIS bill 81 exchange p:o,:ssory i:oe, or
r,h.r recognizable pGpar for :hc payment OF money
which will be payable within FIX months from the
time o. d.coun:lDg the shle. a bunk nlay iaseln-
terest on lis loans aud DISCOUNTS ~ tie rae Of Que
hal; Of per osntuin fur ihiT'E GAYS anu tha III
trrcsr may 10 received IN Edvuncc. Eech oEnk o.
branch snail so regulate ia loans, discounts tand
other Investments that The SAME shall":, (ogrthar
with wliu. il NAV have rGid Tor ,tVsl 0: ;s State
aud bond. guaranteed ~ this Stnts.) exceed :wice
the amount Of capital actually sid into such bank or
ullot:od 20 acii kf::lah AS president, director CT
cashier who may be instrumental N violating this
yeetiop sku'l be lined tre hundred dollurs."
Mr. AyoEssJE moved 10 striss ont from the acc
ton tho words und other investments" End ilsert
together with what i: may have Paid tor stock OF this
Suite and bond. g.urn.Ii.sd b. tits STATE Carried
Ar. EIEy moved TO strks OF. the crncndlns scr-
,cnce, concerning P.e-dvu.r, Directors, &c. Lost.
Thu seventh s:rLio:., u. titus amended, Was then
Inssed.
The eighth section was passed., rs follows:
No bsuk or BRUNCH OF y bank which !nsy have
been heretofore incorporated authorized t. L=
t.bshed by the Gcnurul As.embly sSd witch snall
uot, Mt the lie this act uhcz etrc:, have Hctuaiy
roue irto legal nrr=ticn according 10 tine terms OF
it, charter shall be permitted to do during tie
Suspension OF specie payments By the bsnks Of this
Common wealth. BIT this section shall 90, ee Goa
strlied to apply to Ste urnend.d charters Of banks
now in ope'niion: provided ths; t!.' sco;on shsll
pn. amply 10 the Bulk II the City OF Petersburg or
The Bank Of Pit;sy!vaniu.
T.e uousu adjourned IL; 81 O'Clock
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