The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-03-04
s srs.ion for the rs.unp0n tskss place in sep

s araon Tor the resumption bic takes place In sep
TENDER next. tHH n4r .rarfM
The House Of Delegates Of Mary land, have rejected
by large vote, the amendments made in the nate t
the bill relation to the resumption ospecie mens
The effect Of this of the House may be to defea
resumption altogether. The bill returned to thu
Senate, and may there be rejected, committee o
conference appointed. No law will be passed on thu
subject is the general impression In the Pennsylvania
Legsla.ure the amendments made by the House TO thu
Senate Bank Bill rejected by the latter body OF
Monday, and the bill again sent to the House. 1t il
probable therefore that the matter will be referred to
committee OF conference.
The following ere the two first sections of the BILL a.
II was amended In the House. ON the amendments of the
Senate:- r VI ~ f#
An Acr to provide for the resumption of specie pay.
msnt by the Banks Of this Common wealth, and for
otherpurposes.
Sec De it enacted by the Senate and House Of Rep
resentatives Of the Commonwealth Of in
GsRer;, assembly met and Is hereby enacted oy the
savings Institutions except the Philadelphia Saving
Fund societyl Of this Common wealth, from and after
the passage of this shall redeem their notes and de-
posites land other labtes in gold and silver coin up-
on demand being made at their banking houses during
banking hours and refusal or failure 70 Pay in gold
On absolute forfeiture Of their respective charters Pro-
vided That contract previously made a. to the pay
nent Of deposites shall be affected by the Of
Sec. ,. Upon application to any court of common
pleas or district court Of the proper county or single
person. setting forth that he she had to
the proper officer officer. Of any banking institution
cepted,] within said county, note notes. certif
Gates Of deposited other abties issued by the same
the notes issued By 'un SS, Of The act Of the
one and the ment in gold or silver
COIN which said bank had refused failed pay, it
shall be the duty Of the said court if in session.
Judge in direct citation to be issued by the
prohonoary of said court to the said bank, In the
ture Of summons, which il shall be the duty Of the
sheriff coroner Of the proper county forthwith to
commanding the said bank to appear the time
and place designated the said court judge not less
the hearing of the parties if the said court judge
shell be satisfied of the truth Of sadcomplaint and that
the Of the first section Of th, act have been
violated then the directors Of any such bank Of this
commonwealth shall make and execute uudsr their
corporate SEAL, general assignment Of oil their
they may select, (suhject to the appreciation
Of the stockholders at general neetng in trust fcrhe
bensof all their creditors Tor the said court shall
or coroner forthwith to seize and take possession
Of the banking house, books, moneys, deposites,
judges, in vacation, shall appoint suitable
person. the commissioners OF the county in which
the bank is located one and the stockholders Of the
bank, at general meeting, one as trustees Such as
Segment shall be approved by the court Of common
pleas OF the county Of which such bank may be stua
ted shall be recorded in the office Of the recorder of
deeds of the proper county within thirty days from the
execution thereof The said assignees shall proceed to
SELL public SALE all the real and estate Of said
bank and shall collect by suit At law otherwise all
their outstanding debts and, for this purpose may use
the corporate Of such bank Provided, however,
That the sad assgnees she'll in debts
due to said bank its own notes and obligations and the
checks of its depositors at par. The said assignees
shall give such security the said court may deem su
fcent to the faithful execution Of the said trust
and SHALL in every six months file an account of
their receipts and expenditures verified by their oaths
airmations in the Office Of the prothoLoary Of the
said The said assignees shall, at least once in
every six months make pro rata dividend Of the bs
lance in their hands among the several creditors of the
said bank whe shall in Of public notice, g
in such and form she'll be directed by the
court have nude claim end delivered up the evidence
oftheir claims il such evidence be in writing to the
sad assgnees and receive from the said assignees
tfcste Of the amount thereof The said assgnSes shall
be allowed such commission compensation for their
services, al may be agreed uron in such assignment
with the appreciation OF the said court and shall be SUBJ
jec except her Elm otherwise provided to the several
provisions ofhe act of assembly passed the fourteenth
day Of June, thousand hundred and thrthsi
entitled act relating to assignees for the bene fit
creditors and other trustees"