The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1861-07-27
7 ii l Il ID ID & \

RIcHHoSD. July IL, 1851.
The Coaven ton reAssembied this day
The Minutes OF yesterday were read and con-
tirined.
Pursuant TO notice, Mr.. Torbett, of Tennes-
see, offered the following preamble ana ESQ
lutonS, W ich he desired should lay on the Ia
BILE for future discussion.
HhsTeGs, 1t Is, In the opinion OF this Con =
yenti0n, the duty, and We hope the desire, OF
oil the Banks In the Confederate Statss to
give their concentrated credit TO the use of
the Government; anu believing that this can
bs most enectually done by all agreeing to re-
coivs the Government Treasury notes on de
posit and in payment OF dsDts due the Banks,
and pay ont the same TO their customers; and
this Convention represen ting nearly all the
banking interests OF the States, with the Ok
ception of our sis ter State Louisiana, have de-
termined upon and adopted the aforesaid poll
cy; and 0hcreas, it is unders TODD that the Banks
OF Louisiana are willing to cooperate with
those OF her sister States in aid OF the Govern
msnt, bat it is understood that there is Il
constitutional barrier in the way of their
immediate cooperation, this Convention,
believing that IT 10 30 vitality important
TO have a complete concentration OF the
credit OF all the Banks as to fully Justify the
assembling Of a State Convent ton, If need be
to remove the barrier BE it, therefore,
Resolusd, Tuat the Banks Of Louisiana are
hereby urgently req uested to take the earliest
opportunity, by their combined influence, TO
proc ure the removal OF the prohibi ton alluded
10.
Re,olpcd, That hi. Excellency the Govern
or Of Louisiana, Is hereby respectfully re.
quested to take such action in the promises
as Will most promptly effect the desired OBJ
lect
ResolUed, That the Secretary liz hereby di q.
ted TO forward 10 I'll. Executive and .ach
OF the Banks OF Louisiana, & copy OF the pro.
ceedings Of this Convention.
Mr.. George A. Trenholm, from The Com
nj tee on BGsiness, made the following report:
ha tan i'm ty,it too Of ha L, ~,
vention Instruct me to report that they IN We
had the subjects committed to them under
consideration, and have made some progress
and ask leave TO sit again They now recon
| mend the adoption Of the folio wing resolution
by the Convention
R-saiocd, That it lie recon- mended TO all the
Banks in the Confederate States 10 make ar
rangements with the Bank in Richron
Va, and in other important cities, to receive
their n0tt. in payment and en- deposit and
to the end that soldiers may not he subj AZ ted
to any discount On their money, the Banks
making such arrangements be requested to
give public tice OF the same.
On motion, the shove resoiu ton xas adopt
ed.
Mr.. g. 4. Trenholm, from the same com
mit!ee, submitted the folio wing additional re-
port
The committee beg leave TO report that thev
have had under cons liberation the resolution
offered by Mr. Whiting, and they recommend
that the &C ton OF the Convention, or 80 mu ch
OF the same as relates to advances on cotton
by the Government, and on other produce or
the purchase of the same, be postponed until
adjourned meeting of the Conven ton
And they have also considered the resolution
offered by Mr.. Trenholm, recommending ad-
yances to be nude to planters by the Banks
and they recommend An adoption Of the
same.
They ask leave to sit again, having not dis
posed OF other matters committed 10 them
After some debate, III which Messrs Uof-
n n nd h.,t.
clpa TED, the recommendation OF the commit.
Zee as 10 the disposition o. the Whiting reso-
lu ton was adopted.
Mr.. Trenholm resolution was also adopted.
and is Is fellows
RssolUed, That the planters of cotton and
other produce having responded with CREST
spirit and Hberality 10 the calls OF the Gov.
eminent and subscribed largely III produce TO
the proposed loan Tor the defence OF the Con-
| federate States, it is hereby recommended 10
| all the Banks throughout the country to make
| to planters who have thus subscribed a nor
| ton OF their cotton or other produce in aid of
the toVernlnent, sneh moderate advance OH
| the remainder Of their crops a. their uecsesi.
| ties may require.
Referred 10 Committee Oh Business
On motion OF Mr. j q Holmes, his plan toI
! arranging the Confederate Leans also a pIan
Tor equaiizihg the value OF certain portions OF
| Bank notes, of such Banks as have subsc ribbed
| or nay subscribe to the Confederate Loan
| was referred TO the Committee ON business
without being read.
| On motion OF Mr.. q. A. Trenholm. Mr.
james g. Holmes was added to the Commit.
| tee on Business.
The President read the following cor,lnuni-
cation from Messrs. Tompkins & Nixon, OF
| Louisiana
kIcEHoKp, W.. July IS 1851
| Gentlemen The ur dersigned, represent tin
| fhe Crescent City Bank OF New Orleans in
| your convention, feel dslicacy in acting in
| tho invention. as they have received infor
| nation that no other Bank in louisiana will
be represented. They therefore ask leave te
| withdraw thslr names from the list OF dele
gates. With our best wishes for the success
has assembled, we are,
Very respectfully, DC,
w. q. ToMPxISs,
j. .. NIXON.
On motion OF Mr.. j. q. Holmes, the Con.
YAnflnl fn0k q Ill d.ta