Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1839-11-15
lssD.fK siS's'EE.

IMPORTANT ISpEED--lt "iI br seen by the following
announce ment IN the Albany Argus that the Supreme
Court OF The State has cnalerally decided question Of
tnomenous importance 10 the people of New York and
which strikes involving consequences that can
hardly be estimated. That court has decIded that the
GeatraL BGnt,ng Lq.o is unconstitutional This deci.
snn as the matter reported in the Argus is not pre-
cisey final even Nth the court which has made II, and
on the whole The Is c!ums'y stated, that we
exactly understand what the decision amounts 10,
for we do in wha, shape The declaration and
pleadngs before the court; but here al any rate, is
what the Argus says about il:
IMPORTANT DEcIsIoS The Supreme Court decided
yesterday argued at the last July term, involving
lhp constituonaiy Of The General Banking Lo,7 The
Judges expressed opinions Ia the effect fonwng-fI
thai nssociaons formed under the General Banking Law
corpoFations stOnd that tie assent Of lwothi:ds
of all the members elected TO each branch Of the acsla
necessary 10 the passing Of The act nri hird
that II passed by Y"ie Of thirds the ret is cons
tu,ona On the last point Judge Ero.son was moi pre-
pared TO concUr but the other questions all the
I":a==:S ::":2 agreed IN opinion
The objection That the Gene raj Banking Law not
passed hy two third vote, did not arise on The demurrer
10 the plaintiffs declaration, and whether plea the
court could cok beyond the statute book for the purpose
| of reaching that question was nSkecided.
The opinion said to have been given by the Judges
hardly be called OLHtr dtta for il appears they
were npon questions (in shape o,hrr) directly
before the Court; and il 10 that the decision
is in the highest degree important. II may be that
do not understand The subject, and therefore attach
consequence 10 this matter than belongs 10 Ill but
if we do understand H. these opinions carried out and
confirmed by the tribunal Of dernier jurisdction will
let oose litigation that will be all But nerminable.
The multiplied questions that must necessarily grow
of these "ree banking operations and the various
ramlfcalionsto which they have been extended through
Stale TO must be almost innumerable
The Legislature ought 10 make lis very first business
this subject and either by passing inden
nfyng act, adopting remedial measures Of another
character the people OF the Stale from the calamity
that must upon them in the event of final dec
sion against The cousi,ulionay Of the law We do not
profess any great socitude for the fate Of this system of
banking ITSELF for i, is by free from objections
but for ,hose who have become connected with it,
do feel very great solci,ude The thousands and
olhousands who, confiding in solemn statute Of the
State, have nced under it in good faith have the right
10 be protected, and trust will be..f Y. Gazette
DREADFUL FIRE AT CHICAGO.
Extract to the Editor, dGied
CHicAGo. Oct %, 1889
Mr.. Edor-Las night our City visited with a
conagraon which, in proportion TO the size and extent
Of our place, has been disastrous even than the
terrible fires that have devastated your Eastern cities
About midnight The alarm Of FIRE raised, and on
repairing Ia the spot, it ascertaned that the large
hardware store Of David Hatch, Esq. enveloped in
flames Notwithstanding the most strenuous exerions
Of citizens, the flames continued TO spread and this
morning nineteen stores and buildings in ashes
The loss OF property is immense-our merchants hav
ing just received their fall supplies. il has been various
y estimated from $50 Geo 10 100000. Insurance is
supposed to cover about $4,000 Of the loss
Had there been any wind, and had not the night for
unaely been rainy is Impossible 10 state where the
work Of destruction would have terminated Certainly
two thirds Of the business portion Of city would have
been in ruins PhIad Ireuirtr.