New-York daily tribune., 1865-12-21
VIRGINIA.
HnPsrtant Legislative sessisn-The Ques-
tiop as % the Banks-Discussion-T
Alexandria ConsiitutieR-Progres Of
Recenssruction West virginis
Quesiien-Interesting Aspects OF the
Cose.

Bfon Our Special Correspondent.
RICHMOND, Va. Dec. l6 1865
The proceedings in tie HOl 80 o. Delegate
today were OF mole mpor. nee than during any sittn
stnce II has teen / ession.
The Committee on Banks, TO whom was referred tn
resolution OF yesterday. skiing for equalization
creditors and staying all actions for judgments offered
- 9 temporary re ort tie olowing tl proposing
after the holidays to present bil which should metz
cut justice to all parties. give you the bill reported
With the amendments offered, also synopsis Of The
debate. The matter Is which not ouly affects Vir
einia. but mobeyed circles all over the State, there
being large Of State bank in the marke,
commanding at present forty and Gtty cents on the
dollar;
where's, the banks Of the Commonwealth are, BY
reason Of the late war enable 10 meet all their LA.
bilities ard ordered into qni aton; and whereas
b s the duty OF this Commonwealth to protect the 10.
ssrest OF largest number OF her citizens founded
equal footing.
Therefore, be 1t enacted by the General Assembly
chat all legal processes against tie banks Of tis Com
nonweath be and they are hereby stayed Until the ls
"Seeond. Ihat execution shall issue against said
banks.
"Taia That Judgment hereafter obtained shall
give to the party or parties obtaining said judgment
Sby priority Of lien upon the or properly of said
banks over the other creditors Of said banks.
"And t shall not be lawful for any bank 10 confess
Judgment or 10 pay any debt or habiity or TO make
any Conveyance assignment OF its ases or any part
thereOf uDt othelwise provided By law; but nothing
~ this aet shn te strued 10 prevent the bank from
receiving paypef in their notes debts due 20
them" "excep. that the notes OF such banks as are Sc
cured by Virginia state stocks may be exchanged for
such stock. dollar for dollar"
Mr.. Ellis Of Norfolk thought the bin ought to pass
AnDedigtely; the Dinntb OF going into liquidation
could be settled at another time. and we should not
hesitate to at provide for the There was
no earthly prospect OF the banks IedeemnR quarter
of thsir circulation much lees give the stockholders
anythngi and were best t. 10 the equal dividing
of the fnnds among the creditors Action had been
brought agains, the banks Of bis city, and In few days
no doubt judgment would b. rendered against them
Snd the whole balance swept away by two or three
khsent creditors.
Mr.. Joynes Of Petersburg wished TO know WHY the
oanfs should not be resirctedi There were large op
portanites for theS making prcudiced arrangement
xith chosen creditors YLicA bs knew certain bank
~as at present doing .Noiebolders and depositors
should be teJtcd alike and 70 stop these suit would
% right Some OF the banAs have decided the note |
eodeis as an Inferior ard lad given tier funds
eir deposfors but lie Of the opihion that note
uext.
ny Patterson Of Richmond looked upon the debtsiof
uoe sna oepost 40 on arrangement be- ween tho bank
oeaItor ana The matter II beyond {, power o our
f'sn.ofe 70 settle II belongs to the co Ns; There
"~se @~'an' Oh notes IN circulation, lacy passI