Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1839-11-05

he nay do in he premises subject to tie e0N''S'4'"
Ig .ayr II repor; 70 tbs Cnn.cn'ion, 'h"' nav
n, rlarnrd the duy compfrhend'd "'" M J, ,,J
Of The above resolution On my aiisa' :" Gaf,;og
nm the 18th August last, lost no tiihe !" eo''e'
"'' msss,s Hump6riss & Biddle. Prince q Fon'ane,
Molyneaux, Weatherby u Co, Parker y co. hO'''''
nd on the sth Sep,embeI with the following houses
in Huvre: n, g. RI pitray
We'll q Co, Lewis, Rodgers q Co, li1' :, y
Wells d. Green Bounefe, Bosegerand 4" 20
To which houses, | explained fully Inc measures
which had been suggested by The meeting az He S;
ON the 9th July last, for the consideration OF l .J
vention and the duties which II would be eipec'eu "
,hu .nnd discbsrqe under The proposed agency mat
by placing them under no advance IN iacl anu "tey =
the acceptors Of Bills, drawn by or endorsed ny III.
ponsibe Banks al the South at long sgnt, u wou'u p
expected that their attention would be diiec'eu " VIC
most advantageous sale Of The respective consignment
confded 10 their care, and to acuhg 10 en',e ,Ioss
together in reference, as TO The pest ihe'es' u ''
whose property they might hold.
II will be ercpyed that in submitting the ABOVE hst
of Houses with the understanding have haa respect
iveIv with Them that have discharged that po''ioh "i
The du,v con6ded TO me. Therefore, with The simple
,n,ession Of nv opnion il merely remains for me 10
saw that every confidence may be placed 10 Inc ao'V
and disposition of the gentlemen composing 'hese
TO curry into effect those measures when no" ol 'e
subject of The deliberations oil this Convention re-
mains fnr the Convention to make the selections from
The above Houses, delegate the trust elsewhere
they may deem proper. All Of which IS respectfully
submitted. ,,,,roN
(Sgned) J. HAMILTON
Macon, Oct. %, 1929
On motion Of /: A Ncsbi,, Macon, Ga, that The Re
por, just read by Gen Hamilton be received, and reer'
red 10 The Committee Of 81 Carried.
Jos. G. Gamble. of Florida, submitted the following
Resolutions with request that they may be referred |"
thr Committee OF Il:
Pesoleed That the Convention discuims all intention
or wish by its action 10 obtain for American Cottons,
higher prices than such will naturally result from me
law OF supply and demand And the necessity Tor The
meeting OF the Convention would not have existed ool
for combinations and measures adopted elsewhere LOT
dstu biug the operation OF that law
ResoIrcd That ~h lille our habits and ncna'ons lead
US 10 prefer Agricultural pursuits we are well aPPrsed
that il il shall become necessary We can employ por-
lion Of our labor The production Of Cotton Yarns, upon
terms which will enable 10 supply the Viewers oil
Europe cheapy can be done by The BRITISH manu-
lacturer Such conversion Of our labor, however Is
not desired by unless forced 10 1t IN sell defence
will we have the disposition 10 break up the commercial
xon which exists between the Cotton Planters ana
British Splnners.
Pesoired That il will be expcdent 10 take measures
annually TO procure information Of the extent OF
the Cotton Crops of The United Sates-and that Com
mtee be appointed prepare and report to The ConVen
lion n plan Tor attaining said object
On motion. C. {. Mills Of Ala, That Col Gamble
Resolutions be received, and referred 10 the COMMITTEE
| OF 81. Carried.
The President announced The following gentlemen TO
compose the Committee OF Il
Il Butler King, of Glynn co, On.
James Hamilton of South Carolina.
NJ I.ansdon John X Bloker of Mobile, Ala
VIM Lougstree, of Augusta, Ga
l. Epson Of Alabama.
VIM Wyatt OF Florida
A Il Flewellen of Jones CO., Ga
J L B. Turner of Stewart co.. Ga.
John Voolfolk Of Columbus, Ca
R. S Ilardaway Of Alabama
j. & Gamble Of Florida
d. NJ Dousal Of Columbus. Ga.
A d FannIn Of Savannah, Ga
J J Collier of Green co Ala
l. l.. Harris Of MiledgevIIe, Ga.
l. G. SEYMOUR VIM. Hamilton and John Lamar OF
Macon, Ga.
+ Wrmberly Of Twgss co Ga.
J. l. Gage Of Trcup co, Ga.
On motion, T.. Butler King, Of Glynn CO.. Ga That
this Convention dc adjourn until tomorrow morn
ing,lO O'Clock.
Adjourned
New ORLEANS, Oct ~ At meeting Of The Bank
Presidents Of this city, held THIS Gay, tue ioio"ihS was
unanimously adopted:
II is agreed tina, in order 10 prevent an emission OF
notes by any bank TO amount not warranted by Ms
active means and which, If permitted, might render
the resumption Of specie payments most dlthcu II not
mprac,icabe, the following regulations Tor Inc seitie
nen of balances due from one bank to another, eha
govern oil the banks during The Suspension OF sprc
nov,neuts q" Gar",day Of each week every bank shall
furnish statement u the notes II may have hand Of
all The other banks the settling clerk who shall make
tabular statement thereof for The information OF the
banks and the lst Saturday ofevery month, cnmmenc
ing The first Saturday Of December there shall be
genera! interchange Of notes, each bank Qhe aler
chants Bank rot having suspended being alone except,
ed) returning all notes in lis possession 10 the banks
which issued them; and general statement shall on the
following Monday take place. The settling clerk giving
checks 10 the creditor banks the debtor banks,
has heretofore been done by sad settling clerk max
7 inc the weekly settlements.
The debtor banks shall be bound 10 give 10 the bank
or banks which they may be indebted for The amount
due discounted notes out Gf their por"l", not having
over thirty days to which notes shall be endorsed
by the debtor bank and shall not be renewable-or
chance at the current rates. 10 The satisfaction OF The
creditor bank specie ms the debtor bank may prefer;
and The notes Of any bank refusing to settle lis balance
comlornably with this regulation, on he '"c being com
mnnca,rd 10 The Board Of Presidents, shall no longer
be received in ymen dpose by the other banks OF
his c,v & ADAMS. JE,
Chairman Board Of Bark Presidents.
| LrcIAs HFEAAsE, See'tnTy.
| New Orleans, Oct 81, 1e39.
Commercial Bank of Columbia The President of this
Institution has transmitted The following answer TO The
Committee appointed at public meeting OF the citizens
re. uesling suspension OF specie PAYMENTS
TCkaricston Couritr.
COMMERCIAL BANK.
Columbia, Oct 9th, 1889 )
Messrs A. S Johnston J. d MorGecni. &c.
GenHsmcn:- On behalf Of The Board of Directors.
am instructed inform yon that the Bank has received
and subjected 10 the maiures consideration, The proceed
inns of The citizens of Columbia, recommending a sus
pensIon Of cash payments and The adoption Of measures
Of relief for the pressure upon the money market.
The Board has brought 10 the investigation OF these
subjects the xiou deberalnn which their own import
ance requires and which is demanded by the very high
and respected quarter from which The call is made
In the present suspended state OF our transportation
which renders it impossible TO carry produce to market,
and in The very fuctuang and dangerous condition Of
the market there will of course, be for the present
limited demand and limited offer for cotton
For this restricted commerce the Board will make
every eh:rt consistent with the safety of the Bank TO
supply the funds relying The good will and kind sup
port of The community sustain them amidst surround
ing difficulties and trusting that II these difhcnes from
abroad continue 10 press accumulate, that the gener
Gus confidence Of the community as they have had The
Kindness express will sanction them in any Interior