The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1866-01-06
GENERAL ASSEMBLY OF VIRGINIA.


GENERAL ASSEMBLY OF VIRGINIA.
FRIDAY, January 5, 1866.
SENATE.
The Senate met ut the usual hour, Senator
ROBINSON of Norfolk, in the chair. No prayer.
Personal EXPLANATION.
Mr.. GILMER stated that he had received
letter from the President of the First National
Bank, which was read by the Clerka as follows;
RICHMOND, January 4, 1866.
"Hon. j. H. Gilmer,:
"Slr,-I notice in the proceedings OF the
Senate yesterday thaty you are reported 10 have
said that the National Banks did not come
! here 10 help the needy and deserving people ;
that you had heard that their capital was be-
ing loaned out on the street at eight to te" per
cent per month; that the farmers of Virginia
need not expect one cent of loans from these
people they came here TO make money, not W
| aid our people.
1.-THE capital stock OF this bank paid up is
| only one hundred and fifty thousand dollars
| Although it only commenced business aoout
six months ago, loans have been made TO the
merchants, farmers and others, as Is shown by
| the books of the bank, TO the extent OF one
million nine hundred and fifty-two thousand
| four hundred and nine dollars ana III lnree
| cents, and the average loans during me stunt
period have reached about four hundred thou-
! sand dollars, and at no time after the Daiih
| was fairly under way have the loans ~ tne
people TO whom you refer peeh less tn'',i w.
| bile the captal stock of the bank-and the re-
| cord of the discounts shows that not Il uoilai
has been loaned above six per cent. per ann ulll,
when il was known TO the borrower ,nat we
| could have loaned every dollar we hau " tle
| Government OF the ohlIeu S''''' "
| cent. per annum
| ..Jrp 10 very recently the Government OF the
! Tinted States kept large deposits with the
! banks here, which enabled them 10 give " 'ie
/ 1, M fil
- BEFORE the war, Richmond had banking
capital of five million dollars, whlist lhe
whole capital of the National BANKS OF hich-
moud does not exceed five hundred and nfty
thousand dollars-less than ten per cent. OF
the capital formerly enjoyed by the people
and to expect that this small capital can sup
ply the wants of the people Is 10 suppose an
imposSibility. -
II agree with you that the repeal of the
Usury Laws will supply this want, i'll great
measure, and aid the National Banks TO eject
loans in the Northern cities for the farmers
and business men.
YOUR comments upon the National Banks, and
will correct, as far as it lies in your power, the
wrong impressions you have made.
Very respectfully,
Your obedient servant,
"H. G., FAINT, President
Mr.. GILMER then said that he had answered
this letter, and wished here to say that ne dld
not intend TO retract anything he had sald on 4
former occasion.
\ calculation from the data furnished from the
letter which showed that, by its own showing,
the bank received thirteen per cent. per month
Thus capital stock paid up $4,000: 80 -o
Amount loaned for six months. ...Sl,9'l, HOY %
Amount loaned for twelve months. 81, 9o2, $40 o6
On which the interest at six per cent. Is
1924, l69 IA, being l56 l-9per cent on me caplta
of the bank, or thirteen per cent. month.
A bin to provide for the erection and main
tenanceof jails
An act to repeal certain sections of the Code
concerning the election of judges.
An act to amend section tWenty-elgnt OF
chapter one hundred and eighty-four OF the
Code.
Anact to amend fourteenth section of chapter
one hundred and thirty eighth OF the Code'
EAST AND WEST VIRGINIA.
The bill to settle the public debt between
these two sections was taken up.
Mr.. KEEN urged that action on this matter
should be postponed that he was not prepared
| to say by his vote that there is such State as
West Virginia, and that grave matters OF more
pressing character were before them.
After some discussion, the bill was laid on
the table and made the order of the day for
January l6.
CITY OF PORTSMOUTH.
Mr. LEMosEY offered n resolution TO direct
the Committee on Courts of Justice to inquire
into the expediency of placing this city In the
First Judicial District Passed.
The Senate then adjourned.
HOUSE OF DELEGATES.
House met at u clock No prayer.
FROM THE COMMITTEE on COURTS OF JUSTICE.
Mr.. JoYxEs, chairman, reported bill to
amend certain sections of the Code with regard
TO expenses of conveying lunatics, etc. Or
dered TO be printed. Also a bill to amend GER
tain sections concerning the taking care OF
criminals.
ROADS ETC.
Mr.. GRAHAM reported Senate bill, without
amendment, authorizing the construction OF
bridge between Manchester and Richmond.
LAND REGISTRY.
Mr.. Speaker laid before the House a comnu-
nication from the Register of the Land Office,
in response to q former action of the Legisla-
ture requiring a report of the operations of
that office from April nth, 1861, and April I'd,
1865.
His report is a very long one, and, in conclu-
sion, shows that land warrants for 1854
acres We're sold between the dates above men
toned and the total number of acres entered
during that period were 69,S03. Referred TO
Committee on Land Registers Office.
UNFINISHED BUSINESS.
The discussion of the bill to authorize the
conversion of registered bonds into coupon
bonds was taken up, and argued with ability
at some length the following members speak
ing for and against the bill For IL, Messrs
GRATTAN, DICKINSON, EVANS ana ELLIS.
Against it, Messrs. HERsDoS, WATKINS,
CLARKE of Campbell and JoYSEs:
The Speaker took the floor, leaving MIR.
WATKINS in the chair, The Speaker became
very much warmed up In behalf OF the bill, and
elected much interest. lie was interrupted In
his argument by firing in the hall and gene
raj rush towards the door. Five shots were
fired in quick succession. In moment, cries
were heard outside Of Don't shoot, Mr.. Ty-
ler,' or words TO that effect. Members moved
rapidly from their seats towards the doors.
The Speaker, who had resumed his seat,
called them 10 order repeatedly, and In vain
and ii seemed as If all business were At an
end for to-day A semblance Of order was
at length restored, and upon the order OF the
Speaker the parties engaged in the firing--who
proved to be Messrs. Nathaniel Tyler, one OF
the editors of the Richmond Enquirer, and IL.
Rives Pollard, editor OF the Richmond Erdmt-
ner-were arrested by MIR. BURKE, the Ser
geant- Arms.
Mr.. Pollard was first brought before the
House, and TO the question Of the Speaker as
10 what he had to say in extenntion OF the
nr6a ~ hn