The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1861-03-01

next, at II o'clock.
BitE Possed.-Senate bill to legalize proceed
ings on Sunday in certain cas.s.
On motion or MT. NELSON, the Senate ad-
lourned.
HOUSE OF DELEGATES.
THURSDAY, Feb. %, 1861.
Speaker CRuTcHrIgLD called the House to
Prayer by the Rev. J. A. DUNCAN, of the
Methodist Church.
Senate bill for the relief of Daniel S. Dick
insou was referred to the Committee on FL
nance, after two readings Senate bill estab-
fishing Bank in Jacksonville, TazeweN co ,
was read twice, and referred to the Commit
tee on Banks.
Resotutioas.-The following resolutions of
inquiry into expedieney were offered: BY
Mr.. Keen, of refunding to Daniel Dug@er, of
the town of Danyille, $40 taxes, improperly
assessed and paid by Mr.. Allen, of reporting
Il bill for the relief Of Benz Wray and Joseph
Boon, of Franklin CO., for n certain amount of
tlxes improperly paid by Mr.. Mong, Of re-
leasing the CommonWealth's title to certain
lands III Berkeley county TO &. ID. Stewards
heirs by Mr.. Pritchard. OF amending the law
eXempting certain specific property from levy
so as TO allow $500 worth in value to be Sc
lected by Mr.. Harrison, of reporting last
sessions bill for the relief of Jesse Carrier, of
Rockingham by Mr. Rutherfoord of re 1ort-
ing bill providing against the discontinuance
of motions in behalf of the Commonwealth,
to make 1t unnecessary to continue them from
day TO d;Eg, and putting, when docketed, with
suits at law or in equity, by Mr.. Jett, of
amending the law to prevent fraudulent
conveyances by Mr.. CapertOn, of appropri-
ating a sum of money, not exceeding ten thou
sand dollars, with view of testing the u!il
ity of n new car ION, the nyen ton of Lorenzo
Slbert, OF Angus ta county; by Mr.. Christian,
of authorizing the Banks to issue, during the
present financial difficulties, notes of Il less
denomination than five dollars.
Petutoa.-Mr. kaufman presented peti-
in Virginia. Referred 10 TIE Committee on
Military Affairs.
BilEs Reported. The following House bills
We're reported Authorizing the sale of real
estate belonging to EbeneZer Academy; au-
thori2ing the trustees of West Fork Meeting
House TO sell the same, and purchase and
build on another site. MI. Raymond, from
Finance Committee, reported, without amend
ment, Senate bills for the relief of Samuel T..
Lybrocl, Sheriff of Giles, and for the relief
of Hopkins and Campbell, of Rockbridge
-idrerse Rtports.-The Committee on FL
nance, through Mr.. Raymond reported ad-
versely to the petition of Joseph Hagan, of
Scott county, in relation to releasing him from
taxes improperly charged. Mr.. Yerby, from
the Committee on Lunatic Asylums, present
ell an adverse report to a resolution inquring
into the eXpedieucy OF increasing the salaries
of any of the officers of the Lunatic Asylums
of the State.
Bank Reiief.-No. II, an engrossed bill for
the relief OF the Banks of the Common
by the Senate, with the amendment submitted
by Mr.. Keen to the amendments Of the Sen
ate, was taken up on motion of Mr.. MARTIN,
of Henry and the vote being taken on agree
ing to the amendment submitted by Mr..
Keen, which was III effect to limit the contri-
button of specie funds by the Banks TO The
Commonwealth by their capital, rather than
their capital, circ culation and deposits, was
put and decided in the negative.
Mr.. RAYMOND submitted an amendment, to
the effect that the contribution of specie funds
should be in proportion 10 the amount of the
notes on each Bank or Branch Bank which
may be received by the Treasurer in payment
OF public revenue.
The amendment was variously discu ssed,
and finally Withdrawn, with the leave of the
House
Mr.. ROBERTSON, of r., submitted an amend:
ment to the 9TH section OF the bill. 1t directs
the Auditor to endorse on all warrants for
in nterest oa the public debt, if due non-resi-
dents, the fact. and the Treasurer 10 endorse
his checks in a similar way, and the same
shal Ii be paid in specie by the deposit Banks
the latter to be credited for any premium or
discount compliance may subject them to
during the suspension.
The vote being taken resulted in its rejec-
tion-;kyes 20, nays So
The 5th, 9th, 7th and Sth sections Were then
adopted, after vigorous and determined oppo-
sition and the Offering of sundry amendments,
all of which Were discussed.
The following are the amendments proposed
by the Senate TO House bill No. y, entitled an
90 Act for the Relief of the Banks of this Com.
monwealth,' and agreed to by the House:
Strike out 4th section of the bill. Add the fol-
lowing sections
S. Ii shall be the duty of the several banks and
branch banks of the state. whenever required by
the Governor, to redeem, in specie specie funds,
such n amount Of their notes as may be neces
sary to meet the specie demands upon the treasury
of the Commonwealth and to this end the cop5rl
button shall be ratable, and according 10 uni
form per centage upon the aggregate amount of
the ca ptal, circulation and deposits, of all the
banks of this Commonwealth on the first day of
October next preceding the requieition;
:. ON the payment Of every note, bill, or draft,
payable at the cities of Baltimore, PhIladel phia,
New York, and Boston, heretofore discounted by,
and which is now unpaid and the property OF, any
bank or branch, or which may De hereafter dis
counted Dy any bank or branch during the sus-
pension OF specie payment by It, such bang or
branch shall pay TO the party for whom such pa
per was discounted the excess of exchange at the
time Of such paylnent, over and above the rate
between the point where such bank or branch is
located and the point where such paper Is paya-
hie, at the time such bank or branch suspended
specie payment; and on failure of such bank or
branch 10 pay such excess on paper hereafter dis
counted, the party entitled thereto may recover
the same, by warrant, before any justice OF the
peace or when the amount is over fifty dollars,
Of the county or corporation where such bank or
branch is located; aud on the failure OF any bahk
or branch to pay such excess on paper heretofore
discoun ed and unpaid rs aforesaid, such bank or
branch shall not have the beneht of the provis-
ions OF this releasing any penalty or forfeiture
incurred by il by the non pay ment of specie.
T. The 10Th section of chapter 5s of the Code OF
Virginia of ls4s shau be amended and enact
ed so TO read as follows:
s I6 ANY bank authorized to carry on bust
ness rs d bank of circulation, deposit and dis
count, may loan money for period not exceeding
six months, and discount any bill OF exchange,
promissory note. or other negotiable paper, Tor
the payment of money which will be payable
within six months from the time Of discounting
The same. A bank may take interest on its loans
aud discounts at the rate of one-h half OF one per
centum for thirty days, and the interest may be
received in advance. Each bank or branch shall
SO regulate its loans and discounts that the same
sha II not exceed twice the amount Of capital
.nally paid into such bank allotted 10 such
branch ANY President, Director, or Cashier,
" DO may be instrumental in violating this sec
ion, shall be fined Ave hundred dollars"
=. No bank or branch OF bank which may have
been heretofore Incorporated, or authorized to be
ssta biished by the General Assembly, aud which
shall not at the time that this act takes effect,
have actually gone into. legal operation, accord
ng TO the terms OF Its charter. shall be permitted
% do so during the suspension OF specie pay mehts
BY the banks OF this Commonw saith. But this
section shall not be construed to apply to amend-
ID charters Of banks now In operation Prorided,
hat this section shall not apply to the Bank of
he city of Petersburg, or the Bank Of Pittsylva-
lia
On motion, the House adjourned.