Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1839-12-12
IL SENATE.

~ SENATE.
November so.
The Senate met, pursuant iu adjourn
hIpnt.
The President submitted n comnnnica-
lion from he Attorney General, Covering
Il report in relation 10 the rrpnr' of i.Ie
Circuit SnI;ci;u,s. Referred To Judiciary
| Committee.
Mr.. IIugcr submitted the peliIinn Of
| Thomas Galsdrn for leave 10 establish II
Marine Rail way. Referred TO Commit
ice on Roads. Bridges aud Ferries.
The President also laid before The SEN
ate the annual report of the President nl
The Bank. Referred to Commute on Fl
uamce.
Mr.. Quash submitted and Advocated Il
resolution, in;luiring inlo the cxprrIicncv
of examining into The indebtedness of each
Director of the Bank 0flh State, either
rs draN er or endorser ln The Bank, ans!
that til. Committee report aunnallv there
IN. p-rrinn> 10 the election of Directors,
and that 10 Director Of annllcr Bauk shall
be mcmbcr of the Committee Of uumin-
| alton.
Mr.. Bennett from The Committee ap-
pointed To examine into the condition of
The Bank. submitted resolutions accnmpa-
nyiuS report with the exhibits in relaliun
TO the B INK Of the Stale. Read aud or.
,l"red 10 be printed, and ordered for con.
Sideratin on Tuesday next.
| Mr.. BcnnPtt gave notice that on Monday
next he will introduce bill TO prevent the
issue by the Bank of The State. after Il
certain lme, Of bills ua:ler the dcnomna-
lion of five dollars.
Mr.. lluser, presented the memorial of
sundry citizens of Charleston, praying Cor
Legislative aid in improving Charleston
lIarbor; also the memorial of The City
Council Of Charleston, praying the pas.
sage OLA law requiring negroes IN
| Charleston, to be sold at The SLAVE market.
about being established ny riirm. Both
referred 10 the Committee Oh Internal
improvement.
a mesSage was received from Ills Ex-
"c'ency, the Governor. inviting The Srn
| Grr To attend The Collr." Commencement
~ Mpalav nrxt. Which wds accepted an
"ricrrrd to the Committee nn the college
to make lhr rcressary arrangements.
Adjourned.
Another correspondent. has kindly ia
lure:l us with lie following rr>o!"IIuns.
recommended by the Special Jnint Corn.
,nillee on the Bank of the State. They
were appended to a detailed report, as 81"
The condition aud mauasemeur of the
Bank, hich was presented To The Senate
bv Sir. Bennett, and to the House by Col
Memninger.
!. Ecsolecd. That the Bank Of the State was
created for The general beE"til Of the c!tiZcn-
of the state aud not icr any particular set 0l
men. That the practice Of allowing i;hivid-
mas 10 borrow and retain nr long luIe the
fund, of the Bank is alike prcjudlciaI 10 the
and ou.!,t nrt 20 bc allowed; that il is the o.
uinion of this Legislature that the Presidc.r
and Directors of this Institution. should al
r,cc correct such Il prarrice and should take
;r,..>.,rcs to call i'll all aucll debts, aud hy diI:
(,,;u. ne benefits OF the Bank among the ci
y,,,s .-.,rral.y recover Il cont ol over lis own
r,s urscs, Il, over the currency of 'l:c country
>. Erso'cM. 1iirat the President and Directors
ounhi. il, TIE o un % this Legislature. 10 rn-
conra.c by their OWL example, the due rola-
ton ai ,.: finds OF the Gak, BY d'scnllnlc-
naucins large or long Accommodation laans,
and by paying up regularly, at least onc-iourIi!
upon all renewals
3 Rcsoircd That the loan of money npor
bouds. is nconsis,an; with the nature and Ii',ic-
lions Of a specie paving Bank. and should III
no wise b. continurd. And That the Bank
should take speedy measures to p ace wi'lsia
its reach such pait Of its funds. as have been
thus diverted from their proper cmploymcH'.
4. Reso'rel. Thai the permission 10 issue
Bills for ,:,c purpose Of circulation, isa ligIl
privilege which ought I" hr rnploycd Tor the
public good. That it is an abuse OF this priv
lcsc iui the Banks entrusted with lis crr'cisc. t,
rive ont to the citizens ,Iri;lccd and maliiairh
bill4 thereby pr"'larng Inconvenience to al.
! and imposing Insscs upon The poorest all least
protected class of so "ty; that the bank Of tie
Stale being the agent of the State Itself should
not only by It's example. encourage. but by It's
acton, cause the wi ltlraw al from circulation
of all such paper.
S. Re~ircd, That the quantity nf its own
mutiated bills, which is in possession of the
! Banks, il IN evil and that the Prcsi lent and
| Directors should proceed forthwith To destroy
the same; that the reilers a. tn" Bank should
deliver weekly TO tho Cushcr, all such muli!at.