Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1838-12-15
ny CONVENTION

FaNK CONVENTION
..--.,.7a St Dc.-4tas tr1m,.e Banks eff
..--. ara Tennessee wa. Lei H Ne-s-a--
III. al. inst. Wee.yl l-.sf Synopsis Of r..cr
q ..s--- below I-w. ie perceived tat tAeF
3 t.-s-r,Ar- Tlesscrai r-s-.aaca %. Hir.
B. which was adopted, llafes t.s laa.s sa~t
III -. ue-J, simply Recommending cache one 10 six
.-,.1 -.-.1d 20, resumption
m. ,.5a7rr hanks were represented Ia tha Con
..- w. Farmers 8. Mechanics Bans Of Mem
II. Planters Bank, Natchez; Agricultural Bans.
..-r-,s. & Raj Road Bank 81 Ncksturg. West
e SAND Raj Rsad s Banking Company, Com
i .,,, Bank ,oANa;chez, Commercial Bans o.
= .,.r-bs.,sr Commercial Bank of Rodney, Bank Of
u -,,,,o, Vicssbur- Waterworss \ Banking
L. ~,,,7oy. Mississippi Raj Road Company, Citizens
= n, Madison County. Mississippi Union Bank,
i, FL Estate Banking Company Of Kinds county,
Bank Of yichsbnrg.
The Delegates Of the Tombgby AMI Grand q JH
= p.-ts arrived aferthe Convention adjourned,
y G. Rmnes was appointed Chairman, ANA ).
: chewing. Secretary Of the Convention.
: The following resolution was offered by Stephen
y Dancaa
) Resolved. That tie first Monday in january next
!, III h. neriol fixed on for a resumption of specie pave
msn,s nv fine Banks represented in this Convention
T. 1rovided that the delegates from the Mississippi
I-r,n Rank will give assurance that the plSt notes
Chat Bark will be redeemed Siih specie, or It's
equivalent, when presented at her counter
$ P. Webster proposed the following resolutions
gsa substitute fer the aboyc.--Wc omit lbs pream-
be:
Resolved, That the Mississippi Banks in this CON
+ yenton assembled will resume the payment Of spe
cle foI all demands against them Oh the FIRST Mon
- lly OF july. 1889
Resolved, That the said Banks will from ana A.
tel the 10th day Of December INST. check upon ;he
east or upon New Orleans at a premium not eXcte-
ding five per cent, 10 the extent OF their exchange
operations.
Tie vote on these resolutions was five yeas anl
nine nays. So the substitute was rejected. The
motion then was for the adoption Of tie resolution
the yeas and nays being called for, the vote stood
thus
YEAS.--E. w. Lucas, S Duncan, J. J. Chew
ming, g. II. Gordon, L. r. Marshall Thos. Free
lad-G
NAYS-E. Montgomery, NJ B. Hamer, j. c.
Bo.es, S. P. Webster, j. A. Qnitman, W. Iiarde-
u man, II. e. Runnels, and A. NJ. Paxton g.
The motion lost
The following resolution was then offered by s
Duncan;
Resolved, That inasmuch as the delegates from
the Union Bank of Mississippi have refused TO give
assurances that the Post Notes Of that Bank will be
redeemed with specie or lis equivalent before matur-
LII tg, and have declined TO give any assurance that
III they will be redeemed when presented by checks
+ on time, at the rate at which the specie paying
Banks may redeem their liabilities ana inasniucb
rs without such assurance the specie paying Banks
E may be, to considerable extent in the power Of i
said Union Bank, 1t IS therefore recommended that
each Bank shall fix on its own period for rasumn
II ton.
NJ. B. Hdmer proposed to strike ont the above
FL resolution and insert the following:
IL Resolved, That on aud after the first Monday OF
January, eighteen hundred and thirty-nlne, the
II banks here represented will meet on demand in Spe
Nj Gle, all liabilities at maturity.
John A. Qultman also proposed the following res
Oluton as substitute for the offered bY Mr..
III Hamer:
Resolved, That this Convention having the rIl-
lest confidence in the cordial cooperation Of the
E Mississippi Union Bank, recommends 10 the several
banks here represented, the adoption Of resolutions
10 resume specie payments on tie first Monday Of
III January next
The motion 10 strike out Mr.. Duucnn's resolution
was lost, yeas g. nays I. The resolution was then
adopted by the following vote.
Yeas. Duncan J. j. Chewing, &. II. Cor
den, l.. r. Marshall, N. b. Hamer Thomas Free
81 land, 5. p. Webster, \. NJ. PaXton-s.
III Nays W. Lucas, e. Montgomery, j. G.
nes and R. NJ. WilIiamson--6.
III The Convention, without any further proceedings
Of Importance, adjourned sine die