Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1838-07-20

MISSISSIPPI BASKs.-A meeting was held on the 10Th
ul, Columbus Mississippi, to take into consideration
the stale Of the banks and the currency OF the State
The following resolutions were adopted
l. That the loaning Of money on cotton bonds was in
violation Of the principles of banking
=. That the Banks Of Mississippi in refusing to sell
exchange at home threw down the value OF their paper
3 Tha, Banks ought to sell exchange R home al fair
rates. and to loan only endorsed notes and bills Of e1
change.
a. That no bank director ought TO sit ia the Legsla
ture.
That thu present banking system Of Mississippi is
injurious 20 the Stale.
+ Th., this meeting approved the General Bank Law
Of New York the real estate Of the South could be
presented under and that the Legislature be pe,lioncd
to pass such law.
2. That the Legislature ought 10 Fix an early day for
the resumption OF specie payments
WAI1lyG-We copy the following official proceed
ings from the illinois Republican Of the 21th June:
STATE BANK OF lLLISois,
Springfield, June 22, 1888.
Extract from the .minues Of The proceedings Of the
Directors.
"on motion, the following preamble and resolution
adopted
hereas, The directors of this bank DESTROYS that
an immediate and universal resumption Of specie pay.
ns BY the banks should take place; and they believe
that the banks generally of the East and West are pre-
pared and willing TO at once, if each bank were
assured Of the cooperation of the others And whereas
the directors Of this bank consider that expression OF
their and wishes to the other banks may have some
influence in fastening the general resumption; There
fore,
"Rtsolred That the State Bank Of illinois is, and al
ways has been, prepared 10 resume the payment OF specie
simultaneously with the leading banks OF the Atlantic
and Ohio river cities and that this bank Will resume
specie payments Immediately the receipt OF authentic
information that the banks Of Pittsburgh Cncinnau,
Indiana and Kentucky have resumed; or that II VIII re-
sumo on any day that these banks may designate as the
day fixed on by them for resumption.
IL, T,,rn ish nj
ence apvndo"oS tc9 r. OF correspG3nu
on the tn inst and to each OF the said la nks with
this bank corresponds"
"a true copy from the mnntes)
N. H. RlDGELY, Cashier.
There can be no doubt Of the ability of the State
Bank Of Illinois to resume 1t is, however, waiting
The Great findncier holds behind his cotton bales
Virginia and Maryland wait on him; Ohio and Kentucky
wait on Maryland Virginia, &c; and Indiana and hi.
nos. &c, wait the banks of the PRINCIPAL points on
the Ohio river II 10 this al last-ihai The nom
resunng banks that are able to pay are Whiting on Mr.
Bddle.
THE MADISON PArERs.-The Senate, on the 9TH in
slant, passed resolution providing for the publication
OF The Madison papers purchased BY Congress These
papers comprise the debates of The Convention thai
formed The Constitution, and will be a most valuable
accession to The political history Of the country. They
will form about three volumes octave The residue of
Mr. Madisons papers, including all his ESSAYS Stale
papers, correspondence NC included in the
purchase by Congress- and are in the course of pubcs
ton, separately This portion Of his works will form
about six volumes
We sincerely wish that the country was already in
possession of these valuable papers. The people and
our rulers could not fail 10 profit by The wisdom of that
usrIous man, who has been called the father of the
Constitution. -.Hadisonian
SIX Culture in .feD Jersey.-John NJ. Brown, ESQ.
of Salem. has cocoonery OF 25 600 worms which he
feeds on The common mulberry. They have spun eight
bushels of eocoons. In few days he will have 100 GOO
On the r1nr mill nj,
out in the Spring The cocoons of this year will Weld
5000 MIR. Brown will also have large profit from bis
young trees messrs. Reeves of Allowaystopn, have
also entered into this business