The Ottawa free trader. [volume] (Ottawa, Ill.) 1843-1916, 1851-07-19
RInl, Law.

Tin Pgocrss or LIcCIpArioN--W We mentioned
in oar last, in extracting from an article on the
free banking law Of tits state, in the Bsl'.gWs
AGyocatc that the editor had promised another
on The Process Of Liquidation" That article
IS now before US and We shall proceed At once to
let our scissor. into IT, The Advocate says
Section t,rsnty Of the bank law prov idcs that
bankers shall not issue bills unless made payable
on demand. Very good paymen, on demsni,
is a very pleasant thing. II then proceeds to Oh.
rect; that all banks shall keep ON hand a subj
cont amount OF specie 10 redeem all such bills as
may be presented Very good again
But il the banker should choose TO disregard
this command Of the law what Is the penalty r.
VIII any one presume to say that or wise law
makers were so superllous as TO pass law with
ont penalty in ease ct Lisobcdcnec Otcoursr
not. The article Proceeds
There is a penalty for not hayin, money on
hand; nl'althou.l It Is neither hanging nor i'm
prsonmeut fer lite or years nor branding nor
whipping, Dor placing ia the pll.ory, uor relHng
with precarous egg; yet Is II severe enough 90
all conscience. Listen. The Jaw SAYS, In case
a banker shall not ON Lawful. demand there
then is the iist question TO be raised for the ben
EFT Of the poor buukers What Is a LAWFUL de-
mand Why dix they not saS courteous de
lnand, or geutemauly demand, or demand IN
good set phrase or demand made by some one,
with clean suit on back and soft, s'ncu hands -
That woald have been definite aud the per
iumed ANA sensitive banker need not have his
nerves discomrosed by the approach Of a ,war
thy, soilpd, and hard listed democratic "ou de
mand made during the usual hours Ct business,
between the hours Of ten and three O'Clock. -
Very geutiemanly hour, Of business, truly In
case he FIJI, or refuse 20 redeem such notes q
bills, the holder may cau,e them to bs protested
10y 4 notary public 10 the usual manner
/ All! here We set at the penalty Here begins
the "P,Ocess Of Liquidation ana night liquor
ssecni process 1t u. its simplicity is rapidly,
It's certainty ate all admirable
| Having protested The note in the usual man.
nrr If notary public notice vi such protest
i. to be despatched to the Auditor a, Springfield
He, N the dGe course Of business and as s.uu
posslblc-icr the law SAYS forthwith, Is to be-
gin his work We all know, i'lwi,h imports
speed. When you direct sam forthwith, to Luu-
your Lnrsc, the beI., stands added ~ q Eomru,
for yoer mounting. Forthwith therefore, is
pp.cnila. word but }, Is also Duu.p.Ta.lye 100 its
efficacy. When the law snys forthwith" /.
mean, rs soon a., 10y tie ml,r'- rul., tie case
is reached at or the ui0,tyniuc th.u-uud nine
huudrcdaud ninety .niue acknowledgement
have been despatched
NJ. n-i VIVA. 'i-s. 'De Aa'',or 10 '','A|"h
.to,k, ule4reJt On., h., rog ',t 49,, nroccsJ .o
plile.. Iy. 80 urccipitatcIy And ,hog,h the hold.
er Of the bank notes and bills ,targe for il. or
bis children augui.h IN want, or his murtrag.d
property be sold, or hi, good, and eha,tc,- urirr
execution hc sacrificed. the AuLityrul,,t not pry.
coed hastily
Having received notice Of protest" tie And
itor y.rtues to take another .t,r m, law
direct, him then "to give notice in vritipy To the
banker, 10 pay the said protested note. or
bills" or he. the Auditor will rive fhrm-Lcml
Wbprruu,u if tlry-tha banker. the rri,iIroo5
rnrorra,.--.baIl omit 10 10 80 tl. auditor
shall" after the holder Ia. a.-sip waited rp.,,
their lurl.hip. and again demanded ra,nryt
unless "immrlll,ely such banker slali satisfy,
lin the SAID Auditor by afiiavlt- filed in HI,
once '''A' "'y nc ,A'd ''hN'rs-"A'e a GOOD
.an,er ,,,ocrri vL ,I, ,,L., .,i,,y ~ G,-,.;i,
zion. So f,r. 50 good Here i, a pretty com.
Vlicanon Of machinery and contingencies a
so.' .y'i",i why ,ng,' 'r' 'IoaI"u' AMI AMI
nI,te ,b,. nnnber ~ rs.,er,s te ,c,,,.n , 'r,1
s.u,ing tie bill.