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other bill, he should seek to obtain the objects sought in the first part of the ryder. Mr. Sibert submitted a motion to recommit the bill to the Committee on Banks. The question being stated, Mr. Rutherford said he favored the motion to recommit the bill to the Committee on Banks. As originally reported, it was simply a bilBanks. As originally reported, it was simply a bill to legalize the suspension of specie payment. But one amendment had been adopted which embraced the repeal of the redemption law; another had been adopted which, in advance, authorized the suspension of specie payments by any Bank hereafter to be incorporated; and an amendment was now pending relating to the subject of exchange. Upon none of these subjects had the Committee on Banks reported, and it was peculiarly desirable that on subjects of such difficulty and importance, the House should be aided by the judgment of its standing committee, having these subjects peculiarly in charge. At a proper time, Mr. R. would propose a change in the existing law,
Condition of Virginia Banks. Bank of Charleston,Kanawha C. H., Va., January 10th, 1861. His Excellency John Letcher, Governor of Virginia: Sir: I herewith transmit a quarterly state.1861.1860. Debt Outstanding$223,382.69$228,435.95 Bonds and Stock45,363.5345,488.53 due from Banks and Bnk'rs.14,505.3167,846.39 Suspense Account61,696.9920,878.01 real Estate11,134.2012,775.00ds in Richmond6,950.004,173.44 specie Gold and Silver on hand25,888.5224,741.55 Notes of other Banks in this State7,295.00365.00 Notes of other Banks out of this State215.00210.00 Cash Items23.03Banks out of this State215.00210.00 Cash Items23.03460.37 $475,359.18$449,282.06 Capital Stock$300,000.00$300,000.00 Circulation Bank of Kanawha, 5s, 10s, 20s3,215.004,370.00 Bank of this Bank, 5s125,847.50110,785.00 Deposits30,972.521st, Discounts and Exchange4,454.407,927.99 State Tax58.5000.00 Surplus Fund223.4600.00 due to Banks and Bankers10,584.7410,941.43 $475,359.13$449,282.00 Nov. 1.Dec. 1.Jan. 1. Aggregate
nd City Insurance Company of Richmond" was referred to the Committee on Propositions and Grievances, on motion of Mr. Keen. He said that some days since the gentleman from Petersburg had submitted a bill of a similar character to the Committee on Banks, and the committee had determined to report a general bill as to the guarantee of paper by those Insurance Companies, and he requested that this bill be referred. The company proposed to be incorporated would be nothing more than a legalized sha Adverse Reports, &c.--The following adverse reports were returned, viz: By the Committee on Finance, to petition of J. H. Cochran, late Sheriff of the county of Hancock, praying for an additional commission of 21-2 per cent.; by the Committee on Banks, on the resolution inquiring into the expediency of amending the charter of the Planters' Bank of Petersburg, (taken up, on motion of Mr.Collier, and referred to the Committee on Propositions and Grievances;) by the Committee of Courts of Justice
Condition of Virginia Banks. Farmers' Bank of Fincastle, Fincastle, Va., Jan. 5, 1861. To His Excellency John Letcher, Governor of Vi.25 Specie funds in hands of Auditor00.0012,100.00 Notes of other Banks in Virginia1,415.004,281.00 Notes of Banks out of the State160.007Banks out of the State160.0070.00 property account849.66860.64 Permanent expenses381.39465.52 due by other Banks3,459.746,310.46 $279,353.53$354,915.68 caBanks3,459.746,310.46 $279,353.53$354,915.68 capital stock$150,000.00$160,000.00 circulation86,465.00139,030.00 Deposits25,274.5330,192.57 due to other Banks1,067.128,471.39 Surplus anBanks1,067.128,471.39 Surplus and contingent fund.8,075.299,171.83 Premium account1,221.7500.00 Fronts of the institution7,279.848,049.2 $279,383.53$354,915.68 0's5's, 10's, 100's Circulation139,030.0086,465.00 Notes of other Banks in the State4,281.001,445.00 Notes of other Banks out of the StateBanks out of the State70.00160.00 Value of real estate0000 Dealings in Exchange: Premiums paid more than received284.5800 Premiums realized00169.21 Continge
nding$503,340.08$496,246.28 Sterling bills000.00000.00 Stocks000.00000.00 Specie88,473.7662,675.18 Notes of other Virginia Banks74,441.14250.00 Notes of Banks out of the State000.001,755.00 due by other Banks18,500.0817,744.12 real Estate1,850Banks out of the State000.001,755.00 due by other Banks18,500.0817,744.12 real Estate1,850.001,850.00 loans to Commonwealth000.00000.00 in transit000.00000.00 $619,505.06$580,520.58 capital Stock$300,000.00$300,000.00 circulation25,210.00208,145.00 Deposits39,237.6438,089.26 due to other Banks1,976.345,206.25 Surpins and ContingeBanks18,500.0817,744.12 real Estate1,850.001,850.00 loans to Commonwealth000.00000.00 in transit000.00000.00 $619,505.06$580,520.58 capital Stock$300,000.00$300,000.00 circulation25,210.00208,145.00 Deposits39,237.6438,089.26 due to other Banks1,976.345,206.25 Surpins and Contingent Fund7,431.7119,1#6.69 Fronts of the institution16,719.9714,914.04 in transit000.00000.00 $619,605.06$380,520.58 Dealings in Exchange last Quarter. 1860.1861. amount purchased$141,714.68$57,288.31 Premium paid173.08332.08 amount sBanks1,976.345,206.25 Surpins and Contingent Fund7,431.7119,1#6.69 Fronts of the institution16,719.9714,914.04 in transit000.00000.00 $619,605.06$380,520.58 Dealings in Exchange last Quarter. 1860.1861. amount purchased$141,714.68$57,288.31 Premium paid173.08332.08 amount sold272,908.50110,495.73 Premium received941.86763.51 on the first of each month embraced in the last Quarter: Oct. 1.Nov. 1.Dec. 1. Debt due by this Bank$286,051.50$277,151.31$207,819.11 Debt due to this Bank534,828.99582,327.46524,581.
dry citizens of Randolph and Pocahontas counties, for a further appropriation to the Huttonsville and Huntersville Turnpike road, and a petition for compensating Patrick Raferty and others, for work done on the Gilmer and Ritchie Turnpike. Bills Passed.--A bill to provide more efficient police regulations at the poor-houses in this Commonwealth; a bill to incorporate the Hughes' Creek Oil and Coal Company; a bill to incorporate the Ambler Oil and Coal Company; a bill to incorporate the Fayette Oil and Coal Company; a bill authorizing the Virginia Central Railroad Company to construct a branch from some point on said road to the town of Lexington, in Rockbridge county, the funds for the construction of the road to be obtained by new subscription from citizens interested. A message was received from the House, announcing the passage of a bill for the relief of the Banks of this Commonwealth. Referred to Committee on Banks. On motion of Mr. Newton, the Senate adjourned.
Nothing more is demanded relative to the Pennsylvania resolutions than lay them on the table. The suggestions of Mr. Collier were approved by the gentlemen, (Messrs. Christian and Duckwall) and accepted in lieu of their motions, and as such were adopted by the House. The Tennessee resolutions were referred to the Committee on State and Federal Relations. General Business.--An adverse report to amending the charter of the Magnolia Bank, at Morgantown, was referred to the Committee on Banks. The Committee on Military Affairs, who had under consideration the petition of citizens of the county of Surry for the formation of a Volunteer Rifle Company, with less than the minimum number now allowed by law, reported a resolution rejecting said petition. The Committee on Schools and Colleges returned an adverse report on the proposition of paying, for tuition of certain indigent children in Richmond county, a sum of money exceeding the quota assigned to the School Fund.
Condition of Virginia Banks. Southwestern Bank of Virginia, "Wytheville" Jan. 16, 1861. John Letcher, Esq., Governor of Virginia: Dear Sir --I herewith transmit a statement of the condils00.0000.00 Virginia State stock130,000.00191,700.00 specie29,721.2330,904.06 notes of other Banks in Va2,756.001,500.00 notes of Banks out of the State00.004,138.00 due by other Banks9,276.441Banks out of the State00.004,138.00 due by other Banks9,276.4415,133.37 Real estate00.0000.00 Bank furniture and fixtures1,670.001,670.00 Loans to the Commonwealth00.0000.00 $273,181.99$387,961.23 Capital stock$109,900.00$161,300.00 circulation91,325.00142Banks9,276.4415,133.37 Real estate00.0000.00 Bank furniture and fixtures1,670.001,670.00 Loans to the Commonwealth00.0000.00 $273,181.99$387,961.23 Capital stock$109,900.00$161,300.00 circulation91,325.00142,120.00 Deposits60,018.9558,205.00 due to other Banks274.765,413.96 surplus and contingent fund5,563.018,599.07 Profits of the institution6,100.2712,323.20 $273,181.99$287,961.23 DenomiBanks274.765,413.96 surplus and contingent fund5,563.018,599.07 Profits of the institution6,100.2712,323.20 $273,181.99$287,961.23 Denominations of notes, 5g and 10g.Dealings in Exchange during the Quarter: Amount bought at from 0 to 3 per cent$28,138.96 Amount sold at from ½ to 6 per cent18,636.65 The undersigned, Directors o
iscounted69,102.0869,389.89 notes discounted68,039.3576,618.53 notes of other Banks in Virginia6,223.006,982.00 notes of Banks of other States00.00715.00 due from other Banks25,112.6418,627.85 Real estate and office fixtures4,500.004,500.00 specie15,282.0914,132.31 Checks on other Banks192.50799.07 Coupons00.00653.50 $3Banks192.50799.07 Coupons00.00653.50 $308,847.98$306,622.15 Capital stock$113,000.00$113,000.00 circulation74,365.0066,260.00 Deposits94,100.49108,306.70 due other Banks23,980.9912,203.02 contingent Banks23,980.9912,203.02 contingent fund3,401.503,214.22 Discount and interest account3,711.183,638.21 $308,847.98$306,622.15 Bank of Winchester. quarter Edn'gJan. 1, 1860.>Quarter End'g Ja Specie15,282.0914,132.31 Circulation74,365.0066,260.00 Notes of other Banks in the State6,223.006,982.00 Notes of other Banks out of the State000.00715.00Banks out of the State000.00715.00 Value of Real Estate4,500.004,500.00 Contingent Fund3,401.503,214.22 Deposits94,100.49108,306.70 Loans to Directors925.00875.00 We, the undersigned, Direc
ills receivable, Loans to Directors14,125.0019,653.42 bills receivable, Loan to others, (all inland)109,298.9090,789.36 bills protested2,842.901,207.65 due from Banks, &c.7,628.9115,384.72 interest on guaranteed bonds unpaid00.00537.00 Cash — in specie25,978.2829,648.12 specie fund, being int. Due f'm the Commonwealth4,335.2500.00 notes of this Bank4,547.0023,743.00 notes of other Banks and C'ks6,347.7515,592.31 $340,771.19$351,877.93 Liabilities: Capital Stock$150,000.00$139,600.00 Notes of this Bank in Circulation144,285.00115,857.00 Notes of this Bank on hand4,547.0023,743.00 Deposits, including certificates5,778.6241,644.94 Contingent Fund8,924.369,687.96 Discount and Interest5,522.948,004.09 Due to Banks, etc21,715.2713,340.94 $340,771.19$351,877.93 Condition Of This Bank:Nov. 1.Dec. 1. State Stock$153,908.35$149,308.35 Liabilities313,672.18301,913.71 Assets313,672.16301,913.71 Discounts108,987.07106,576.21 Loans to Directors14,827.2514,467.25 Spe
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