Lexington union. (Lexington, Miss.) 1838-18??, 1840-02-22
SPECIE PAYMENTS.

SPECIE PAYMENTS.
On yesterday the bill to "provide for
the payment Of specie by the banks in
THIS State, and for, other purposes, passed
the House by vote of so to 33. In an
other column list of the ayes and noes
on the passage of The bill may be seen.
-Four Democrats voted against the bill and
tour Wings (see the names in Italics. for
It. The clause which excepted the Union
Bank from the conditions imposed upon
the other banks, it will also be seen, was
stricken out. BY the provisions of the
bill as 1t passed the House, all the banks
in the State are required TO resume spe
Gle payments on their notes of the amount
OF five dollars and under, on the first day
of April next; from and after the LIST day
of July next, on all their ten dollar notes,
and from and after the first day of October
next, on all their t,Denty dollar notes; and
from and after the first day of January
next, on all their bills, checks, certificates
of deposite, and all other evidence of
debts, upon presentation of the same at
their respective banking houses, and upon
a failure to comply with the foregoing
provisions, their corporate powers, priyi-
leges and franchise, shall thereupon cease
be null and void, and of no effect" except
for the purposes of liquidation.
The bill provides that, should any bank
in the State fail to pay specie as required
the Governor, upon being satisfied of the
fact, shall issue his proclamation, declara-
ing the charter Of such bank forfeited; and
from and after that time, no person Or per-
sons shall, underline cover of the name of
such bank, do any act of banking, on pain
of imprisonment in the peniteniiary.
That the Governor shall appoint one
commissioner for each bank, whose charter
may become forfeited, from the county in
which the bank is situate, who shall forth
with take an inventory ofthe effects of the
bank, and file copy of the same in the
office of the Secretary of State,-that
hereafter no bank shall issue any note not
payable on demand-:hat no individual
or firm shall be allowed hereafter to be
come indebted to any bank in the State,
ia greater sum than ten thousand dollars
that every bank 10 the state shall ,qnarterly
commencing on the first Of April next,
forward to the Governor of the State,
general statement of its situation, and
shall cause a copy Of such statement TO
be published in some newspaper, at lis
own expense.
The penal sections Of the oct are re-
CURED to be given by the several circuit
Judges in charge TO the grand Jurors, and
the district attorneys are allowed fee of
one hundred dollars for every conviction
under the act.
The bill contains many other provisions
not enumerated above, but inasmuch as
the Senate has vet to pass upon it, we have
not deemed it important to give our readers
more than an outline Of its features.-Mis.
sissippicn.
To THE LADIEs--How TO DO UP AND
WEDDING CAKE.-When
couple have passed from state ofsin
gle blessedness into that of HOLY WED
LOCK, as il is sometimes called, that is,
have taken each other for better or
worse, and wish to have it made public
Jas they always should in order to
have the business done correctly, it is
deemed necessary to accompany the
notice with slice Of cake; and as
there is often some mistake in this res
pect, we would offer the following d.
rections. ~ asiDtI
Cut from the loafa modest slice, six
Or eight inches long, two thirds as wide
and two inches thick. Enclose it
neatly in white paper, and direct it to
The PRINTER. Il
sDiok, what do you call shear nonsenss?n