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General Assembly of Virginia.Friday,March 1, 1861. On motion of Mr. Dickinson, of Prince Edward, (for Mr. Richmond,) it was resolved to inquire into the expediency of authorizing a branch of the Farmers' Bank of Virginia, Bank of Virginia, or the Bank of the Commonwealth, at Lebanon, in the county of Russell. Excursion to Old Point.--The President laid before the Senate the following invitation: ‘ The Lieut. Governor, and the members, officers and reporters of the Senate, are respectfully invited to join in an excursion down the York River Railroad and York river, to Old Point Comfort and back again, to-morrow, (Saturday,) 2d inst. The train will leave the Depot, on Dock street, at 7:00 A. M. Ro. Saunders, Prest. Joint Resolution.--The following joint resolution proposed by Mr. Brannon on yesterday; was taken up and adopted: Whereas, The State of Virginia holds in her own right certain bonds of the Hillsboro' and Cincinnati Railroad Company, which from the unfinished condition of said road, and the uncertainty surrounding its future prospects, may render it expedient to convert the same into other securities or to make sale thereof: Therefore, be it Resolved, by the General Assembly, That the Commissioners of the Sinking Fund be, and they are hereby, authorized, should they deem it best for the interest of the State, to convert said bonds into stocks or other securities; or to make sale thereof as in their judgment may be deemed most conducive to the interest of the State. ’ Bills Passed.--Senate bill for the relief of the securities of Joshua H. Staats, deceased, late Sheriff of Jackson county; House bill changing the time of holding the Circuit Court in the town of Danville; House bill to incorporate the Staunton Arms and Ordinance Company. Bank Relief Bill Passed.--The bill for the relief of the Banks, as reported from the House, was taken up, when Mr.Thomas, of F., moved that the Senate recede from its amendment striking out the 4th section of the bill. Mr.August opposed the proposition, and moved to lay on the table. The motion of Mr.Thomas was then agreed to. All the other amendments proposed by the House were agreed to — thus adopting the whole bill as it came from the House. Order of the Day.--The bill releasing the schooner Pauline from the payment of the fine of $500 for an alleged violation of the inspection laws, was made the order of the day for Tuesday next. On motion of Mr. Neeson, the Senate adjourned.
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