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 it is said will pass the Sc
nate Of that State, although a number of lead
ing friends OF the administration from Ph,la-
dclphia are at Harrisburg, earnestly disssuad-
ing their own Representatives from passing II
In the House of Representatives OF the
State of Pennsylvania, on Tuesday ol 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 was ordered 10 be transcribed for third
reading Ga notion tile rule which prevents bills from
being read twice the day was dispensed with
by Of two thirds, $50 o20) aud the bill was taken
up on its third reading.
The following brief sketch OF the bill as II passed
second reading, viz:
l. The banks are required TO resume the payment Of
gold and silver Tor all their liabilities whether notes or
deposies, on the 18th day OF February, lsi0
2. II they do not do So any person aggrleved may
make complaint before-h he Judge Of tho court and the
Judge shall appon, the tenth judicial day thereafter for
hearing Of the parties and it is made the duty OF the
deputy Attorney General Of the county prosecute the
case And II the facts charged substan,ated ty
competent witness Witnesses the Judge shall within
two DAYS inform the Governor OF the fact and It then
formation forthwith his proclamaon declaring
the charter OF snch bank null and void for all purposes
except fulfil It's contracts previously entered ino, anu
to enable the trustees To collect all moneys due to the
said bank The Governor il further required to sp-
point three proper persons (caled commlssioners to
charge Of the bank foeI,ng s charter, and the
said commissioners required TO 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 ba0k, and pay over
semi monthly pro rata, amongst the creditors, all the
money that may into then hands, and they are
qnlrcd make final settlement at the end OF three
Years The noeholders are be paid first, the depo-
si,ors second aud the stockholders last.
g. The trustees prohibited either directly or IN
directly from purchasing the notes obligations of any
bank whose affairs are IN their hands.
4 The officers and directors Of the banks are re-
qured hand the books and papers to the 'rus-
tees.
s The sheriff is 10 the notice on the
bank aud receive compensation therefor out Of tho
county treasury.
g. The Judges are liable to impeachment for any
g!ec. of the duties aforesaid and any other officer
spoken OF in the b for refusal OF duty, sub
ec fine OF not less than $500 and not greater than
81 00O and imprisonment for not greater than
aud not less than one month"; at Inc discretion
of the
T. The act is not to be construed into egalizng tho
suspension By the banks
s. The Secretary of the Commonwealth is to publish
the act in -four daily papers IN the city, aud two al the
sea, of Government
TAmong 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 oi which were clerks OF the Philadelphia Post
Office thus showing that foreign malign influence
continues be exered in this State with full iorce