Richmond Indiana palladium. [volume] (Richmond, Ind.) 1837-1839, 1838-04-28

TH8 RANK C0NvHN310R.
The convention s1iouuled s;.e IL a
:ftsrnooo, previously agreed upon tAs ca -.
"a OF January aexi, - TIE period fae sAe 49,
',oe OF specie payments. The follswiae 49,
ot its closing proceedings is from tie Nev ~
| The Bank Conventiou adjourned m. n.
&c rday afternoon, after a long and worthy -
On Saturday the delegates from M.,~I1
wfhdrew-she debate On the report 6xiD. -
LIST oi ocf' Tor the resumption was cuotIsuea y
great ie"g'h.-ihs object appeared 10 Be b -
a'onise, and 'hns by spirit Of compromise. = q
gree "a some period whoa al should un;a. e
tina, pnrcosc juno, July, and other moo,h, -
named, but there was not found sufficient vsae 8
settle on either of the moa,As; whea fa,nv -
irst Monday in JAN was adopted. thirteen a..s.s
voting for it, and t~o States, viz: NY. e. ~
against II.
the Two latter although voting in tho ne,,.
lusc---thls voting from reasons wholly unl,ks !.
feeling. New York wanted Nav, and M;.,;,..:
a year hence. Maryland was not rcprcseo,.}E
the vote, nor was Pcnnsylvania. n. Yoea -.
unyicd,ng and showed no spirit Of conc,c.:.
, -Slies'ng the law q the No.. As bar. An
representations from other q were wiIl;., !.
Yield Mr. Gs'latine urged nh grea. earre.s.
ness an early day.-Some Of the ren,lAv,.. -"
posed that putting offthe dav would \, !. 80.
:, To Mr. Bddle, or tho U. s. B,nk, and these -:
s,derations were dsclaimca, We, if this !. So.
= New York is contending for i,umed;a,c ,...."S
ton, aud the United States Bank for mors e
:, Uotc day, and the decision has been madc IN Z.
@ vor OF Nc. b'dd!e This position, however. /, ~.
one that any OF the convention took.
The New England States. some oe ,h.,. :.
least. were ready to resume at dav,. NOTE. ~.
a the question was not what would SUI, then, h..,
but that would be most iadcious and beneficial -
- the South. as well as the East and West. m.
N proposition which has been adopted viii no, in,e.
= icre with the conduct Of any bank, as any, an q
- none, are at liberty to resume at their p,e.s.,.
bat 1t Is incumbent them to resume bv D.
FIRST Monday Of Jan. next.
The session is now closed, aud although H.,
= was good degree ofharmony among the mee.
~ bers, yet it not supposed that ali sections =
: the country were situated alike, New York, pea.
:, ticularly.is in position Of great delicacy Al
:" however much she may wish to prolong the day,
she is under the absolute necessity Of rcsumi.s
a. May unless the legislature alter tho law. Z
- which there is no prospect Mt pr csens.
= 1t is hardly obe expected that other nssa.
= that not bound by their States, should vc,p,
=. tarily place themselves in a condition With Nev
g York
!" The following preamble and rcsolutss v;M
show the course which the N. u banks va ~
'1 on tho subject:
nd New YoRK, April l6, ls9a
= AT meeting Of the delegates Of tho city q
country banks Of the State Of New York. hen !
,p this city, this day, tho following prea.ahls q
VIC resolution was unanimously adopted, aud ss1ssp
he 70 be published.
mt. Whereas, the law which leg.Iized tho su,p,,
of sson ot Specie Pavmeass will expire by il 60
,ud limitation, ON the 18th Of May next, and Wen
as, the effects ola resumption arc conside,saioe
less which more properly pertain to the Legislation
css than TO the banks therefore, without aionps,as
,ns to forescc what tho effects may he. hSl Espae
,rts they may not be injurious to the commerce q
hen industry OF tho State, and with deterwiaaiia
hus to render to those interests all the assssses
cx- which shall be found compatible with diseanar
zap, Of our legal obligations,
not Rcsoircd, That the hanks Of this State b .
commended to resume Specie Paymcats a set
M fore the 10Th of MAY next.
lich CIV LAWRENCE fS.;,a.
lin, w NJ vr,>,,,v- Co..
nee,
dis IT,; -