Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1861-02-19

and Plaster of Paris. irhc bill ubolshes the
inspection Of plaster in Eichmondl
Mr. LYNCH presented petition of f. y. Eu.
bank, asking TO bc allowed portion Of his
compensation as commissioner If the revenue
for the city of I.ynchLurg, withheld from him
hy the Auditor Of Public Accounts.
Senate bill to authorize the issue Of register
ed certificates Of State stock to franklin Tor
roy, in lieu Of two lost bonds, was taken UP
and passed-ayes 80, hoes none.
Senate bill to authorize the payment of Il
sum of money to Scott ts Adams, for work
done on the Southwestern Turnpike, ,yas taken
UP and pasSed-ayes 81, no |.
Mr. DRASS0S moved that tie vote hc recon-
! silered
Mr. ArGrsr and !Ir CocHrLi opposed the
| motion TO reconsider and the motion WIS re-.
jected.
On motion Of Mr.. THoHAs. Of Henry House
bill to amend an act increasing the capital stock
Of the Richmond and D4nvic Railroad Com
; pany, and for other purposes, was taken up
and passed-nycs 81, noes 7.
Mr.. ISyELL then called for tine order Of the
day, and the bill for the protection o! the
Banks Of this Commonwealth was taken up,
Mr. ARMSTRONG offered the following amend
ment in lieu oi the one which he had prepared
on the preceding day
"Un the payment o! every note, bill! or
draft, payable at the cities Of Baltimore Phila.
dcphia New York or Boston, heretofore dis
counted by and which is now unpaid, md the
property of any bunk or branch, or which may
be heretofore discounted by, any bank Or
branch, during The suspension Of specie pay
ment 10y it, such bank or branch shall pay to
the party for whom snch paper was discount
ed, the excess Of exchange at the time 0; such
payment, over and above the rate between the
point wEcre such bunk or branch is located
and the point where such paper Is payable,
at the time such bank OF trsDCh sns-
pended specie payment; and On failure OF such
! Bank Or branch 10 I;ay such excess on paper
hereafter discounted, the party entitled thereto
may recover the same by warrant heiure any
justice Of the peace, o. when The AMOUNT IS
! over $50, bY motion. on ten days notice, be-
! fore any court Of til. county or corporation
where such Bank or branch is located; and on
! the failure OF any Bank OF hranc!i 10 ray such
! excess on paper heretofore discounted and I'm.
| paid as aforesaid, such Bank Or branch shall
, not have the bcnehc Of the provisions Of this
act releasing any penalty or forfeiture incurred
! by it. by the non-paylncnt OF spec!s.
! Mr.. II. V. THOMAS opposed the amendment
! and he characterized the bill as device to
regulate b. aw the ratio Of exchange.
Mr.. AUGUST also opposed the amendmenlan
! said that the true course would be 10 pass il
aw to prevent the Banks from dscounting pa
per payable out of the State.
Mr.. IsnELL advocated the amendment as one
Of sound policy, and expressed himself as op-
posed to the idea Of preventing the Banks from
dscounting paper payable out of the State.
Mr.. Thomas, Ct Henry, advocated. the
amendment and it vas adopted by the follow
Ing vote:
Ayg.-,essrs Armstrong Caldwell, Carson. Carter, cai
BORNE Day, Dickinson ol Prince Edward, Early, Gate
wood, Gree"er Ishe Logan, Marshall Neal! Newton Pax
ton, Richmond, Smith, Th,uas OF Henry-l9
Sogs-M-ssr- August Braun0n CarEaway, Jr. CozLill,
Fnney, Johnson, Lynch pennyeAeher Thomas OF ta'as'
Townes-l0.
Mr.. lsBELL then offered the following as an
! Independent section:
"rhc 33d section Of chapter 5S Of the Code
OF Virginia shall be amended and re-enacted
50 as to read as follows:
! Sec. l6. Any bank authorized to carry on
business as a bank OF circulation deposit and
discount, may loan money for period Gut eH-
| ccedng six months, aud discount any bili Of
exchange, pronis>urv note or o!her negotiable
| paper for the payment Of money which Will he
payable within six months from the time OF
discounting the Sa!nc. y bank E:nv take lnlc.
rest on its loans md discounts Mt the rate Of
| ouc-half Of one per centun. for 80 days ami
! the interest mag Dc received IN advance. Eacii
brauc!l or bank shall so regulate its loans and
discounts that the same shall not, together with
what it may have paid for stock of this State
and bonds guaranteed by this State, eXccc,!
twice the amount Of capital actually paid into
such bank or allotted TO such branch.
"Anv President, Director or Cashier, who
may he Instrumental in violating this section
shall be tined - dollars. The section wnl
adopted
Mr. IssELL then offered the following amend
meut to the bill
mo bank or branch Of hank whcl! may
have been heretofore Incorporated or nuthoriz.
I'd to be established by the General Assembly
and which shall not at the time that this act
! takes effect have actually gone into legal opera
ton according to the terms Of its charter, shall
be permitted to do so during the suspension Of
specie payments by the Banks Of this Com
monwe.th."
Mr. claiborne then offered the following as
an amendment to the amendment, and it was
adopted:
"Providcd that this section shal! not apply
| to the Banks Of the city OF Petersburg"
Mr.. BgAyNoS then moved to still further
amend the amendment By adding
"But this section shall not be construed 10
| apply to amended charters Of Banks now in
operation
This was agreed to- and the amendment, as
amended, was adopted.
On motion Of Mr. BRASNoS, the bill and
amendments we're then laid on the table and
ordered to be printed
| Various bills were reported iroui committees.
| They will be noticed hereafter.
! On motion Of Mr.. lsBELL, it was resolved To
| inquire into the expcdicncy Of compensa.ing
Edward McCabc, for injury received 1T fIarrcr's
Ferry during the John Brown raid
On motion Of Mr.. ARMSTRONG, twas resolved
to inquire into the cxpedicncy Of amending
section 4th Of chapter lS6 Of the code
Mr.. GATEwooD presented petition OF citizens
of the Valley for MI cxtensir' t the Hinches.
ter and Potomac railroad to S; sburg.
! The Senate then adjourned
| HOUSE or DELNt. lTsS&.
Mr. ToMLIS, of King Willie j. i'll the Chair.
Prayer by the Rev. Mr. SA :, Of the Episco'
pal Church.
4 communication was received from the
Senate, by their Clerk, anr' uncing the pas
sage Of sundry bills, which V src read the first
and second times apd appro! Eiately referred.
The following bills wel' reported by the
standing committees:
To amend the act providing for the volunia-
ry enslavcmeet Of free perso'.i Of color: for the
purchase and distribution II books Of iustruc-
ton for the use Of the mil Try officers Of ,hc
State.
ADVERSE REr"ETs.
Upon the claim OF a. ?. Routt; upon the
claim of W. II. Winder; upon the petition Of
Richard Chapman, against the formation Of n
rife company in Greene, with less than the
minimum number required by law.
RESOLUTIONS
By Mr.. GIBSON, of H., repeating SO much Of
the law requiring the publication Of the annual
tabular statements Of the Banks OF the Com.
monweallh; by Mr.. ANDERSON, for the relief of
the securities Of Wilson Abbot late sheriff of