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The Daily Dispatch: January 31, 1861., [Electronic resource], House of delegates. (search)
he vote by which the bill had been engrossed, with a view of offering an amendment, which was read, as follows: Provided,That the Banks shall not have the benefit of this act unless they and each of them shall agree to contribute such a percentage upon their circulation, on the 30th day of March, 1861, as will secure a sum in specie sufficient to enable the State to pay its interest on the State debt, and provide a redemption fund to meet the demands that will fall due on the 1st day of July next, and on the 1st day of January and July, 1862. Mr. Seddon expressed himself as unalterably opposed to the Banks now and at all times. He did not believe that a bill could be framed that he would vote for; but as the House had indicated its intention by passing the relief bill, he thought it was wrong to attach such an amendment to it now. The Banks heretofore had been required to furnish specie for State use when it was commanded at a premium of 6 per cent. The House ref