Lexington union. (Lexington, Miss.) 1838-18??, 1838-12-22

i
that resumption in January would ma
tcrialy injure the planting interest and 4
plostrate the commerce OF our State, and
prove destructive to that large class ofin-
divIduaIs whose debts cannot be pos poneG
beyond spring.
Add lastly,
Because we believe that public opinion
in this state, not only does not call for a |
resumption at that time, but is decidedly
in opposition to it,
Therefore
Resolved, That the Mississippi Banks
in this convention assembled, will res
ume the payment of specie for all de-
mands against them on the first Monday
Of July 1889.
Resolved, That the said banks will
from and after the 10th day Of December,
inst. check upon the East or upon New
Orleans, at premium not exceeding 8
per cent. to the extent Of their exchange
operations. A division Of the motion be-
ing called for, the question occurred on
striking out, when the vote was as TO-.
lows:
YEAS. C. BoIe, S. p. Webster,
John A. QeIitmon, w. Hardeman, II. G.
Ruunels and II. N. WILLIAMSBURG.
NAYS e. w. Lucas. L. Montgo-
merry, S. Duncan, J. j. Chewnioe, G. Fl.
Gordon, l.. X. Marshall, NJ. d. Hamer,
Thos. Freeand, A. NJ. Pastor.
The motion being lost, The motion then
was for the adoption Of the resolution, the
yeas and nays Icing called for, the votes
stood thus:
YEAS.--E w Lucas, S. Duncan, }.
j. Chewing, G. II. Gordon, l.. r. Mar.
= shall, Thos. FreeIand-6.
! NAYS,--E. Montgomery, NJ. B.
! Lzaner, J. c. Boles, 5. z. Webster J.
A. Quiiman, w. Hlardeman, H. G.
Runrels, and A. M. Paxtop,--e.
e The motion was lost.
o The following resolution WIS offered by
s. DuucaD:
$ Sd. Resolved, That inasmuch as the del
k igates from ;he Union Bank Of MissssiP
n p have refused to give assurances that III
Y Post oies Of that Bank will be redeeme
Il with specie or It's equivalent before matu
Of rity, and have declined to give any ASST
4 rance that they viii be redet med whe
i. presented, by checks on time, at the rate d
ID which the specie paying Banks may re
\ deem their liabilities; aud inasmnch n
q. without such assurance, the specie payin,
>. Barks may be, to ii considerable extent
=. IN the power Of said Union Bank, it j
,. therefore recommended that each BanI
!: shall Fix ON its own period :or resumption
Nj. Is. Hamer proposed to strike on
i the above resolutions and luseit The toI
II lowing;
!. 4th' Resolved. That on and after til
first Monday of January, eighteen hun
dred and thirty nine, the banks here repre-
r. scented will meet on demand, in specie, a
Is liabilities at maturity.
st John A Quiman also proposed th
Al following resolution MS a substitute Tor I'll
l. one offered by Mr.. Hamer:
5tb. Resolved, Tha; this Convenio
;s having the fullest confidence in the col
no dial cooperation of the Mississippi Unto
I'd Bunk, recommends to The several bank
h. here represented, the adoption ofresol'
cd ton 20 resume specie payments on III
FIRST Monday Of January next.
90 On the motion to strike cut Mr. Duncan
~ resolution. the vote stood thus:
n KEAS-E. w. Lucas, Il. Montgomer
i. j G. Boles. j. A. Qoitman, Nj ID. III
of mer, Ii G Runnels, and IL Nj Wlllal
81, son-6.
no NAYS.-S Duncan, J j Chewnin
re G II Gordon, LR Marshall, Thos. IRE
on land, S Z Webster, w Hardeman---7
Ie. The motion being lost the motion tn
70 was tor the adoption of the resolution, I
ri yeas and nays stood thus:
N. YEAS IS. Duncan, J.J Chewnin
i q. III. Gordon, l.. R. Marshall, nj. b. II
he mer, Thomas Freeiand, S. II Webslt
no A M Paxlon-6.
II NAYS-E. w. Lucas, e. Montgom
II ~, j. C. Eole, j. A. Quitman, w. HI
,at deinau, III. G. Runnels and IL. M. WI
ma iamson--6. a n3iaoa
.ha The Resolution was adopted: lt
'nl On motion, Resolved, That the proc
= diugs of this meeting be signed by t
- Chairman and Secretary, and be publish
en- 10 the papers of this city with the We
tLe and Nays. 9aHA
~ On motion, Resolred, That this conve
i. ton aajeurn. ~. ese -
~ III. G. RUNNELS, Chairman.
,a j. j. CHEWING, Secretary.
The The Delegates Of the Tombigbee a
Grand GuIf Ranks arrived after the &c
Of veniion adjourned.
Gu The Delegate from the Clinton III
MA Estate Banking Company Of Kinds I
er- was present but declined voting.
our -os,o-
on nv, AZ =.