Southern Argus., 1839-02-19
...,r,ittoe finally rose, and report.

ST STbe b1l from the Senaee, g aeOlls! lsn,
lpS..n, for debt, was read lafEst zine.
P,S- HoHand introduced a resplutions
te - the State Treasurer 70 insti-
T'a'.as .rii against all Banks which refuse
tue y" I.oo, their notes N the State Trea.
y % IN the constitutional currency.
'aII ' Foo,e introduced a resolution 10
NJ. ~ South Western Rail Road Bank
.' P'IIll. ~, branch within the limits Of this
. o'OO"S .,;,b capital Of not more than
s.,o, soo 400, nor less than S5OO,OOO,
slISOV'O' THURSDAY, Feb. Z.
,mo,. from the Judiciary Com
MI. MI, .,oorted a bill to punish pubic de-
all.s.' h.... { which was read three times, forth
Wiz T, ~ I6use resolved itself into. a coms|
'" or the Whole, (Mr. Thompson of
,SnT.bnsha ,ll.sI ! 10 the chair,) upon the bill TO
ialIOr'b Is,o the business of banking; and,
Eu', ,,vo hours spent therein, ,the commit
al.s, M 80 and reported the bill with various
aH,TV. TSo Sill was then ordered to be engross-
=, ."J made the special order Of the day
'O' TSa TP, b;l providing for the issue Of $lO,-
,oo OoO ~ in most notes, by the Union Bank,
OVy'VJo ~ Immediate establishment of the
ss,cbes s,u n. was then called up for its third
reading. ,r...,,,,,;,,.J... IN
~ ,u,,,ee tt Of the whole; and, after con-
J..nr SJ' tho same until dark, the commit
.,o',,gS ~ ,onSorted the bill without amendment
~ ."3 4 !, was made the special order of the
Jov Eor 10 O'Clock, tomorrow.
0'' ~ FRIDAY, Feb. 8.
M Stewart, of Kinds, presented bin
q nore efsctuaIly secure the prompt pay
0sn, Of lhe revenue of his state; which
was read three times, forthwith, and pass
ed.
Mr. Cox introduced a bill relating 10 the
,olyeocv of the Banks, and mOnied cor
ooraoas Of this State, which was read
iwree. forthwith, aud ordered TO be en-
crossed.
rIe Dac!ice of carrying deadly weapons /;
which was read twice, and ordered to be
engrossed.
Mr. Footc introduced the following res
outons. which he supported in speech
or some length, on a motion of MI. Cox
IA lav them on the table until the first
Monday IN January neXG:
|. Resolved, That, in the opinion of
ths House, the Board of Managers of the
Union Bank of Mississippi, are bound to
establish Offices Of discount and deposIte,
0tAWith and it was their duty TO have
done 50 heretofore, without waiting for the
publications of the stock holders.
Q Resolved, That this House do de-
cdedy disapprove Of the mode of loaning
money on cotton securities, adopted by
said Board, as dangerous, unequal, unjust,
and calculated TO produce a dangerous
monopoly of monied power.
3 Resolved, That in the opinion of
tRs House, the cashing of acceptances bv
two commission merchants, who were at
the same time members Of the Board of
Managers, TO the amount of upwards of
Sl3QOOO, was altogether injudicious and
censurabie.
4. Resolved, That this House do disap-
prove, most decidedly. the course pursued
by the board Of managers, in loaning out
pOst.nOtos, having ten months 10 run, with
Oarebate Of interest.
s. Resolved, That this House do dis
approve The wastcfuI expenditure Of public
money committed in the arrangement OF
tie salaries allowed BY said board Of man.
ayers to certain officers.
9Th. Resolved, That, in the deliberate
opinion Of this House, the 18th section o.
NE supplementary charter of the Union
Bank, so far as it intended to modify the te.
Hure Of The Provisional Directory,to whose
management the nfflirs of tie Bank were
oy the original charter committed, so as
10 secure TO the board Of managers sub
sduted by said supplemental charter Il
sad Provisional directory, the means o
epaiuotlng their authority during pleas
oR, Is equally unconstitutional, repugnan
70 The true spirit of the original charter c
The institution, and in defeat Of the Just eX
Pecta:'ons Of the people ofthe State an
hat il is the duty Of said board Of mana
gers forthwith 10 resign their authorlt
over the Institution, into the hands Of th
Legislature of Mississippi, whence It wa
derived, to be re.committed according
The discretion of the Legislature.
The molten of Mr.. Cox, to lay the res
outlons on the table until the first Monda
n January next, was lost, by vote
Is to Az.
On motion Of Mr.. Mellen, the resoll
lions were made the order of the day f
a COMMITTEES Of the whole on tomorrow.
The bill Of Mr.. Foo,e. authorizing Il
Union Bank to issue SlO,5OO,OOO in pos
notes, was lost in committee of the Who'll,
ana 1T which, after being reported to Il
House, was referred TO a select commits
Of eight members.
The General Banking Law was read
onlrd u Time, and passed, by a vote of 40
Inc LIIl to alter and amend the Cons
"uiIoa' passed the Ilouse a second Tin
ana ! was male the S. ecial order IL The di
or II O'Clock, Tomorrow.
ihls bill provides for altering the 8
s'pc'e in such manner as to require ele
IoOs Tor Delegates to a Convention to
Iao Iela IN the respective counties in APP
Io4V-the said delegates 20 assemble
Jackson on the first Monday 10 May {
loving. The bill provides, further Il
'nal The Secretary Of States at least
I9nlhs previous to the Eext Novems
.eelon, shalt give notice, so that the
.s'' may mark on their tickets Conventi'
% no Convention,1