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The Daily Dispatch: February 15, 1862., [Electronic resource], Pierpoint's message. (search)
e interests both of the public and their own stockholders, to additional legislation is, I think, necessary at this period respecting them. I desire, however, to call your especial attention to the branch of the Exchange Bank of Virginia, at Weston. It should, I think, be made an independent bank, thus severing the connection between it and the parent bank and other branches. The parent bank is located at Norfolk. It, as well as the other branches east of the Alleghany mountains, has madhanged their own issues to a large amount for the Confederate Treasury notes, which, as a ready states, are now thirty per cent, discount at Richmond, and are intrinsically valueless. The State owns a large amount of the capital of the branch at Weston, end the people of Lewis county the balance. I am informed that the branch is, itself, in very good condition, and there is no reason why the interest of the State and of the stockholders in Lewis county should be sacrificed by continuing its co