Piney Woods planter. (Liberty, Mi. [i.e. Miss.]) 1838-1840, 1840-02-15
From the Raymond Times.
PASSAGE OF THF BANK BILL

| JAChSONS EOs VI
The House Of Representatives have
this day passed the Bank bill; but
with sundry amendmentsi upon the
bill as published in the Times OF Tues
day last. Some of these amendments
shall notice.
The bill, as il passed the House,
requires a gradual resumption OF specie
payments,as follows;--all IS and small
or notes, by the LIST of April next; on
all tens by the first of July next; on
all their twenties by the LIST of Octo-
Der next; and on all bills, checks, &c.
by the LIST of January next.
The Sth section was so amended as
TO forbid any bank from being a pur-
chaser of any real estate mortgaged
to it.
No individual or firm is 10 become
indebted to any bank in greater sum
than ten thousand dollars
The Commissioner in each county
for winding up the banks is to be al
lowed five dollars day and ten cents
mileage-to be paid out Of the funds
of the banks examined.
All banks that have begun or con-
rail roads or other improve.
ments, whose charters may be declared
forfeited under this act, shall only for.
felt their banking privileges.
1t is made the duty of the Judges to
give the penal provision of the act in
charge to the grand Jurors, and the
prosecuting attorney is to be entitled to
a fee Of one hundred dollars, to be
paid by the person or corporation
convicted.
The clause in the sixteenth section
exempting the Union Bank from the
operations Of this act il stricken
'out--so that the Union Bank is IN the
same footing as others,so far as regards
this act.
A section was added, forbiding any
notes TO be issued by any bank, or to
be circulated, under the de-
nomination often dollars, after the LIST
Il of Jauu~ry, A04A7--aua forbidding all
under twenty dollars after the LIST OF
t January, 1912.
: There was much discussion upon
e this bill to-day. both in committee of
e the whole and in the House.
At length call Of the House was
: ordered; and, all the members beingl
= in their seats, except seven who were
r absent for various reasons, the vote was
d taken by ayes and noes--ayes so. noes
/ 80. SO the bill passed, and goes to
the Senate. What its fate will be there
nous perrons.
The vote is regarded as party one,
J. though there were four Wings among
. the ayes, viz: Messrs. Binford, Jenkins
i, of Tallahatehie, Graves of Copiah, and
Shoemaker. There were, on the 9th
er hand. some five or six Democrot'
who voted against the passags of the
II bill.
A. The most of the day was occupied
al with this bill, and but little other bust
ness was done.
. As this one impostant matter is nov
. settled, and as we have but one more
= topic ofvery general interest to be dis
- posed Il. e. the Union Bank, the Re
q port on which may be expected IN a
IS few days,) trust that the end OF the
e session is not far distant.
| think it but right to apologize e.
the readers both Of the ''Times" and
the "Farmer" for not catering as indus
!, triously as | wished to do for their ea
tertainment. My apology consists Y
the fact that | have, for two weeks
past, been suffering under severe
: rheumatism--a complaint | never *
: perienced till | had the honor Of lopC
log among the damp mists arising ron
r the Serbonian boys in this neigbPor
= hood. Iremain, yours truly,
: N. G. N.
VI acG