The Madisonian., 1840-02-06
IMPORTANT DOINGS IN THE PENNSYL-
yANIA LEGISLATURE.

The bill Of which an account is given in
the following paragraph, finally passed the
House of Representatives of Pennsylvania on
Thursday last, and il is said will pass the Sc
nate Of that State, although number OF lead
ing friends OF the administration from Ph'la-
dclphia are at Harrisburg earnestly disssuad-
ing their own Representatives from passing It:
In the House Of Representatives OF the
State of Pennsylvania, on Tuesday Of last
week
The bill to compel resumption OF specie payments
by the banks up in order on its second reading
After number of amendments had been offered and
rejected and others adopted, the bill passed second
reading, and ordered be transcribed for third
reading On motion, the rule which prevents bills from
being read twice the day was dispensed with
by Of two-hirds, ESQ o2o) and the bill was taken
up its third reading.
The following is brief sketch OF the bill as passed
second reading, viz:
l. The banks are required TO resume the payment Of
gold and silver Tor all their liabilities, whether notes or
deposes. on the 18th day Of February, fS4O
2. Ii they do not do So any person aggrieved may
make complaint beforeIho Judge Of the court, and the
Judge shall appoint the tenth judicial day thereafter for
hearing of the parties and it made the duty Of the
deputy Attorney General Of the county to prosecute The
case. And if the facts charged are substanated ty
competent witness Witnesses The Judge shall within
two DAYS inform the Governor Of the fact and 1t then
becomes the duty of the Governor receiving such in
formation forthwith to issue his proclamation, declaring
the charter of snch bank null and void for all purposes
exce, fulfil its previously entered into, and
enable the trustees To collect all moneys due to the
said bank The Governor is further required to APP
point three proper persons (caled commissoners) TO
take charge OF the bank foieitng It's charter, and the
said commissioners required make oath and give
sufficient security before entering upon the duties OF
their office The duty Of the said commissioners shall
be collect the debts due the bank, and pay
semi monthly pro rata, amongst the creditors, all the
money that may come into their hands, and they
ourcd 10 make final settlement the end OF three
years The noeholders be paid first, the depO-
sitors second and the stockholders last
8. The trustees are prohibited either directly or IN
directly from purchasing the notes obligations OF any
bank whose affairs their hands
a The officers and directors Of the banks
quired 10 hand the books and papers the rus
tees.
s. The sheriff or coroner is TO the notice the
bank, aud receive compensation therefor out Of tho
county treasury.
g. The Judges liable to impeachment for any
glcc. Of the duties aforesaid and any other officer
spoken of in the BILL for neglect refusal Of duty, sub
ec to fine of not less than $500 and not greater than
81 900, and imprisonment for not greater than
years and less than month, at the discretion
OF the court
T. The act is not to be construed into legazing the
suspension by the banks.
s. The Secretary Of the Commonwealth is to publish
the act in four daily papers in the city, and two at the
seat Of Government.
Among the petitions for immediate resumption
and an unconditional repeal Of the charter OF the
United States Bank says the Harrisburg Telegraph,
was one the whole The greater parl Of the sign
ers OF which we're clerks OF The Philadelphia Post
Office, thus showing that foreign malign influence
continues be exerted in this State with full force