The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-10-02
VIRGINIA.
TEE PENALTIES OF SUSPENSION.
IE1nm lha Hfchm nd - hia SnoS 10


Az tbe Quences of installations
quito serious and Of pubic interest," append pre-
,sior: Of As vsch ser upoa suon stao Of shiass In
ooc O. Oh Is, sec. ls-n any note, bill or cheos ro-
IL he usual business hours, The bank or ofos wners
payable ard bo noS paid specie when presented
p,ry irsscrtpg ibc aame NAV, on motion or by warrant
sncubi or such u, check win interest thereon
=, he rsc ef twelve cenum pcr uun from tho
war al. sha le in respect 70 any note bin or check heIa
BY or due to sry ober bark or company
-bich does no, when The 'sne h demanded, redeem s
en- IS, ,ec. si-Tneye any time be an Inspection
ofne ntoss snd sIsmrsi lrt, tbs pE OF any
bark, jin tmmtice Of the two houses Of gone
erb y, comn uee cf either house or moro
comm inoncrs appointed BY the assembly or Tho or
e0on
CD. 49, rec 2s The bills or notes OF any such bank
which shaii hsve been made shall havo become paya
bio on demand 10 scd or silver osn shall be receivable
In ell Isy mons 70 hI 5tae. But the right Ia reserved
the Legislature al any time 70 provide by iaw tina, such
bills or notes sha not be 40 receivable And any sroh
In gold and silver ccn tho Governor may by pro lama
ton, declare Tho fact and prohibit the bills suoh
hank 70 DO received pAy ment Of any money dae 70 the
Cn ss, sec. nor the moneys paid into the public
lreisul Of the state, ore third sha % deposited Ia he
B.rk OF virginia, one third In the Farmers Bank a Viz
GINA and third In the Office Of discount and depoxt
he Exchange Bank Of Virginia al ohmond n either OF
in geld silver oOin further deposits OF paoo
money shall be made therein but such deposits shah DO
10 me ofhcr IVA or one OF hc, lney or ctner ruue
70 redeem their bills and notes In specie, and neither
cont nue. n the treasurer sbkl at any time good
10 believe that injury win be sustained By
S'sic from bavirs iu money deposited n Tho said
tanks any OF them, II snall make q written nmun
caicn the Governor the bcot and thereafter shall
Keep the public money In such specie paying bark o.
such oher place ~ he sovornor may direct until fur her
pSoyhou be made By law
The ovlsions Of tho law In case Of susPenon By iudc
pendent bArks, are ~ follows
In case ssid bark durr s usual hours Of business
the plscs where such notes able all refuse
o redeem asy ruoh note In gold reY money
The holder Of srcn nolo notes making such cemand
may cause The sane 70 be pro sted for paymen,
The usual manner AMI the eassIer, receiving and al
rg In bis once suoh protest. shall forth with give notice
In wiring 10 The president caaher Of bark 70 pay
the and said bank shsll fall or refuse 70 rcfeem
such r0ies In gold silver money for da after such
noiife, the treasurer shal mmedatey ,hcreupor faais
he be sssed hAs there good and legal defence against
the payment Of suoh note noes) give t~o "
mere new papers publishes 10 the State that All gho cir
criarf rocs srsd by said bank whether protested or
net viii be redeemed out Of the rusl property In bis
hands 6eposiied Aforesaid and The said treasurer 10
hereby required 70 apply The raid rus property 10 The
pay neni OF al the circulating noies Issued b, said bank
and sdops sucb for ne pay OF ali "a 10
noses Will - bis cppl mort eneciuaiig prevent los
70 holders hereof and this eni he shA pover
70 sell The same, much thereof may be neosnsry
ai pubic auction.