The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1867-09-17

oCSui.
A CALLED MEETING OF THE CITY C0UE-
CII. was held yesterday afternoon, at which
were present McsSrs. Saunders, Clopton,
Epps, Mason, Scott, Crutchield, Taylor,
Lee, Smith, Styll, Tinsley, and Harvey.
Mr.. Saunders took the chair and called
the meeting to order; after which the
minutes Of the last meeting were read, ap-
proved, and signed.
Mr.. Saunders stated that he had applied
to several banks to borrow the 10000
which the Council had authorized, but had
failed that the presidents of the city
banks had endeavored to obtain the money
from banks in the North, but could not,
they replying that they were not author
lied by their charters to loan money to
corporations. He further stated that the
directors of the First National Bank OF
Richmond and the National Bank Of Nir-
gina had offered to loan the money if the
city would make their banks the deposi-
tares of the city funds.
Mr.. Saunders then offered the following
resolution:
Resolved, That the National Bank OF
! Virginia and the First National Bank OF
Richmond shall be the dcpositaries Of the
funds of the city until otherwise ordered
by the Council; and the chamberlain and
city collector shall deposit in each, in
amounts as nearly equal as convenience
will permit, all moneys collected by each
for the CITY,"
After much discussion Mr.. Saunders
withdrew his motion, and the Council ad
journed.
When Mr.. Saunders offered the above
resolution, Mr.. George W. Smith asked by
what authority he had taken steps to
borrow the money, stating that he was not
authorized by the Council, and had tran
scendcd his duties.
Mr.. Saunders replied that he was
authorized by the Council.
Mr.. Smith again took the floor, and
commenced using very personal language
He stated that Mr.. Saunders had offered
the resolutions through interested motives,
as he owned stock in these banks.
This brought Mr.. Saunders to his feet
He stated that the charge Of his wishing
to secure these banks as depositaries Of the
city money through interested motives was
false.
Mr.. Smith again took the floor and said
that Mr.. Saunders had cut Oh, the Planters
National Bank from any benefit 1t might
derive as depositary Of the city money,
because he had had difficulty with its
cashier, Mr.. John NJ. Goddin. The
speaker thought the Council had nothing
to do with the quarrel between MIR. Sauu-
ders and John NJ. Goddin; that ought to
have been "buried in oblivion long ago,
and if that would not do, both OF them
had better be buried there too"
Mr.. Saunders said that he had always
advocated these banks as depositaries OF
the CITY money. That as regards the
statement made by Mr.. Smith about a
quarrel between himself and Mr.. Goddln,
it was false. There was no eStransement,
there never had been any difficulty, and
now they were on more friendly terms
than ever. He stated that the reason he
would not 90 to the Planters Bank to bor-
row money was because that bank had
once refused to lend the city money, be-
cause of the "manner it was spending
money" Twas an insult to the city, not
70 him; and thus regarding it, he would
not ask loan Of it, although he desired
the money to pay off the employees OF the
city, who much needed it.
MIR. Smith repeated in most sneering
manner the statement Of Mr.. Saunders,
and substantially accused him of making a
false statement. He believed MIR. Saun-
ders was an honorable man was his
friend; but he had acted without consult
ing the Finance Committee, and through
selfish motives, had been overmatched, ana
now came to the Council to sustain him.
Mr.. Saunders was sharp man-sharp as
steel-but then he did not have as much
sense as he might have"
Mr.. Smith, for the fourth time, repeated
that no one could move him he was not
afraid of any one asked no favors.,
Here much confusion ensued, during
which motions to adjourn were made, ont
were overruled; after which the discus
sion again commenced, but became OF sucn
a chara cter that we do not care to repro
duce it in our columns. The above Is the
substance of the discussion, which lasted
nearly two hours.