The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1866-01-17
LUNATICS At sTAUNTON.

| the fact that have received a commu-
nication from His Excellency F. II. Pier.
point, Governor of Virginia, saying that
he had been informed by the board OF
| visitors of the Lunatic Asylum at Staun-
| ton, that there are near one hundred pa
| tients in that institution from West Vir.
ginia, and that it was desired that our
State should make provisions for their
support. This, it may be remarked, is
an additional fact in proof of the neces-
sity of an early completion of the Hospi'
tai at Weston. Meantime, however, it is
necessary that the number of patients
at Staunton be ascertained, and that you
provide the means for supporting them.
AGRICULTURAL COLLEGE.
The legislature of this State in accept
ing the benefits of the act of Congress of
July ,, 1862, donating lands to States
that should provide colleges for the ben
eft of agriculture and the mechanic arts,
also accepted the conditions contained
in that act One of the express condi-
tions contained both in the act of Con-
gress and our act of acceptance. of Octo-
ber3, 1868, is that this State shall. with.
in five years from the second day of J uly.
1862, provide one college as therein de-
scribed, "or the grant shall cease, and the
State shall be bound to pay to the Uni
ted States the amount received
Agother condition of both the donation
and acceptance is, that no portion of the
fund shall shall be applied to the pur-
chase, erection, preservation or repair of
any building or buildings. But it is
provided that ten per centum of the
amount received by the State may be
expended for the purchase of land or ex-
detrimental farm, whenever authorized
by the Legislature.
have not received au exact report
from the agent employed 10 make sale of
the scrip received by this State, and,
therefore, cannot state the precise sum
for which it has been sold, but the legis-
lature may rely and safely act on tho as
surance that the receipts will amount TO
over seventy-five thousand dollars.
The fve years within which the State
is required to provide the college are
rapidly passing away, and will expire
Oh the ID of July, 1861, and it must be
apparent that if this session of the lcgls-
lature is allowed to pass without taking
the necessary steps to provide the con
tenplated college, it will be impossible,
within the time thereafter remaining, 10
comply with the conditions of the don,
ton; the donation itself will be absolute
" forfeited, and it will be left for the
next legislature simply TO direct the re-
turn of the proceeds OF the sale of the
scrip to the United States
AS the law OF Congress prohibits the
use of any portion Of the fund arising
from the sale of the scrip iOr defraying
the expenses of the sale, the Legislature
in the act of 1863 made IN appropriation
for that purpose, but this provision OF
that act has been inadvertently super
seded by subsequent legislation, aud it
therefore becomes necessary to renew the
appropriation.
STATE STOCKS IN BANKS.
All the Banks of the State have avail
ed themselves of the provisions of the
Act of the Legislature passed February
IL, 1865, and have become banking asso-
Citations under the laws Of the United
States. The State had stock n
the North Western Bank Of Vir-
ginia, the precise amount of which
cannot be ascertained until there is
settlement between this State and the
State of Virginia This bank anu It's two
branches have become three independ
ent national banks, to wit: The National
Bank of West Virginia, III the city of
Wheeling; the Parkersburg National
Bank at Parkersburg; and The First Ma
tional Bank Of Wellsburg, at Wellsburg.
And so much of the stock owned by diff
ferent departments Of the State govern
ment in the North Western Bank Of Vir-
ginia as has been converted into stock
in these national banks is distributed
and stands as follows: Three hundred
shares i'm the name of the State proper in
the National Bank Of West Virginia one
hundred and iiftyshares in the name OF the
State and two hundred and fifty shares
in the name Of the Literary Fnnd IN the
Parkersburg National Bank; and one
hundred and eighty eight shares in the
name of the State, and one hundred and
sixty three shares in the name ofthe
Internal Improvement Fund in the First
National Bank of Wellsburg. The State
in its different departments still owns |
stock in the North Western Bank, the |
value of which will be paid over as the |
bank, which is III process OF liquidation,
is ready to make distribution among
the stockholders. The State is the owner
of five hundred shares of stock IN the
First National Bank of FairmOnt, which
stands in the name Of the Literary Fund
The branch of the Exchange Bark OF
Virginia. at Weston, has been converted
into the National Exchange Bank Of
Weston. in which the State is also a
stockholder, but 10 what amount IS not
known precisely, nor will it he known
until there is q settlement between this
State and the State of Virginia
This subject needs legislation 1t viii
be seen that the stock in several Of
these Banks stands in the names Of
funds OF departments unknown TO our
State organization.An act should be pass
ed transferring this stock TO the appro-
priate departments of our organization
or. as this affords an opportunity for ios-
tering the free schools Ot Onr State with
ont taxing the people, / would recon-
mend that all the stocks referred to, and
the amount that may arise from the
closing up of the North Western Bank Of
Virginia. be transferred to- and made n
part Of the Free School Fund
BANK OF VIRGINIA AT CHAELEsTON.
As contemplated by the resolutions
Respecting the Branch of the Bank Of
virginia. ut Charleston. adopted by the
last legislature, I appointed John List.
Esn.. fthis city, "tO examine and report