The Sun.
London, England, 1839-12-16 00:00:00

CIRCULAR.

At a Convention of Delegates from the State Secu-
rity Banks, held at Rochester, on the 12th of No-
vember, 1839, Washington Hunt, President of the
Lockport Banking and Trust Company, was called to
the chair, and Thomas H. Rochester, Cashier of the
Commercial Bank of Rochester, was appointed Secre-
tary.
The following Banks were represented :
Lockport Banking and Trust Company—byW. Hunt.
Canal Bank of Lockport—by G. W. Rogers.
Merchants' Exchange Bank, Buffalo—by W. Moore.
Farmers' Bank of Orleans, Gaines—by L. A. Phillips.
Farmers' and Mechanics' Bank, Batavia—by J. S.
Ganson.

Bank of Danville—by J. Faulkner and I. L. Endress.
Exchange Bank of Genesee County, Alexander—by
J. S. Ganson.
Bank of Western New York, Rochester—by G.
Clark.
Commercial Bank of Rochester—by E. Peck and T.
H. Rochester.
Farmers' and Mechanics' Bank of Rochester—by A.
G. Smith.
Bank of Brockport—by Joseph Ganson and T. R.
Roby.
Bank of America, Buffalo—by A. C. Stevens.
Genesee County Bank, Le Roy—by M. P. Lamson.
On motion of G. Clark, the following gentlemen
were appointed a Committee to report resolutions ex.
pressive of the views of this Convention, viz.,Wash-
ington Hunt, J. S. Ganson, and Thos. H. Rochester.
The Committee, after a recess of the Convention,
reported the following resolutions, which were unani-
mously adopted.
Resolved—That the State security banks here repre-
sented, are desirous to aid in giving uniformity and con-
vertibility to the circulating medium of the state, and
will make. every consistent effort to remedy the existing
derangement and inequality in the currency.
The proceedings of the Convention of certain safety
fund banks, held at Auburn on the Bth instant, having
been read, and said Convention having proposed that
the notes of the safety fund banks be redeemed through
the agency of the New York State Bank in the city of
Albany, on the terms particularly specified in the cir-
cular letter signed by Wm. M. Oliver, Chairman ; and
the said Convention having invited ‘ the banks under
the general banking law to participate fully in the above
arrangement, qiiojict to a prnportionate pert of thq
expense ;" it was
Resolved—That it is expedient for the state security

banks to unite with the safety fund banks in the ar-
rangement above referred to, and to redeem their notes
in the city of Albany on the terms proposed : Provided,
first, that the safety fund banks generally shall unite in
carrying the said arrangements into effect ; secondly,
that the messenger shall be required to carry packages
for the state security banks, and render them all the
services to which the safety fund banks are entitled ;
and thirdly, that the details of the arrangements can be
adjusted in such a manner as shall be satisfactory to the
Committee hereinafter named.
Resolved—That an Executive Committee of five be
appointed, with full power, and whose duty it shall be
to correspond with the Committee of the safety fund
banks, and to carry the foregoing propositions into
effect, in such manner as they may deem most judicious.
Resolved—That the banks here represented will un-
dertake to execute such arrangement as shall be con-
cluded by the aforesaid Committee.

On motion, it was
Resolved—That Washington Hunt, of Lockport ;
Thomas H. Rochester, of Rochester ; J. S. Gannon, of
Batavia ; William Moore, of Baffalo ; and Horace
White, of Syracuse, be the Executive Committee.
Resolved—That in case the said Committee shall fail
to complete a satisfactory arrangement in respect to the
safety fund messenger and the proposed system of re-
demption, they be authorized to employ a messenger for
the sole use of the state security banks, and to adopt
such other means as may be necessary to send home
country notes for redemption.
W. HUNT, Chairman.
T. H. ROCHESTER, Secretary.