The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-10-08
THE FINANCIAL PRESSURE.
THE PENN YLvANIA LEGISLATURE
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THE PENN YLvANA LEGISLATURE
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n eaaas nss 4 10 o. - ths mossisg.
Ne evpAxu snnesSoed GLOWING - Ne Hpe0N
u,unssss sf ssvsa upos TIE ', bh relating the
bsan,-Msrs Jordan, Wales, Lstseh, rAgsast, os4
Wsd, Laws and eaxnm
n spsoaj ocnnissss q i've W. IN snnsunosd, ~
nsvw,-nssn Browne, Knnss~, Flsnnlsen, wsih
asd Wright
NJ. sr.Ars prssssssd IN petitions non cwsyns a
DssuyIdD county for Ne saasmsas Of hw 10 rm,d
As evils q The suspsaHon Of spscs payments Refs red
b Ne spscisl Oomnitsse II ssves.
NJ sconp pveseued blu for the bseaeS regulation 81
bsbs spd Tor the security ct Dce holders, the pr,n
pas q fiss baking law. Referred ne Special Com
Ealing he Sale treasurer aform hs Seusie weAi
amount Of 6ate funds are deposited In the banks, and
vsss smount Of bank no'es are in the treasury
ar JoRpAs eksd the permission Of the Senate 70 he
6pecA Conn iuee's sitting during the session
~. wnGHr sugscstcd that tse senAts might ~ ven
5 e esros the SHsss.: nso1s s% ss
srsfoe moved 70 adjourn I'LL three O'Clock, whioh was
agreed TO-
Iar Tag, Ats bin introduced Yesterday merely legal
,ses TIE suspension TIL tho LIT Of January. 1882 and 70
strics The dividends to SIX per csnt per annual
.s.sn, psssed the oomIn~e Of The WHOLE ana aiken
up So~ . reading Toe 6rst sec m nxpg Februs
amend n 10 read February, 1855 me 90 cot oom
ntsee inserted sAuse auth. rzng The banks char
tsFed ~ be last session 70 circulate The notes Of other
rsdns motion to strike this GU, the Senate adjourned
until q. morroW
TIE following 10 synopss OF the bill introduced by
0r Jordan and referred 70 above
Ihs bill suspends she operation Of the ac of 1880, FOR
FOR Suspension auiho the banks 70 mare loaus aud
6sCounts and ssre their and d her Q
q blank dsys restrca av euos 70 sI Der o.pt reouyss
Urh. aeat In a
gubes the suspuso ed banks 70 lake the notes OF other
bashs In The ment Of debts Under certain regulations
rsquies teposiu 10 be made Si the State treasurer,
payable In 'psce authorizes sta, o. execution for
yex In oil cases wpsre the defendants estate In the
q .here security y given The act 70 take effect N ne
sse ID psrsage and IT. provisions be accepted BY
Ae banks within sixty days thereafter.
BousE or RsPREsENrArIvEs.
memorial from the bapks PailsdepDa pre-
ssstod; Also from tbe banks Of Berks county;
&C nom the Pi,t,burs Board OF rra.e
Tue orupes then rdered 10 be called In order
We purpose Of reoevh the petitions regularly.
Fouyteen petitions received from Schuy lku county
ssaiDs Tor relief Also Ten from Washington county s.k
- usutiuns
nr. nUsM offered . resolution providing fer the NJ
pcs,neB OF com mittee Of thirteen, with inst ucsans
consider thu various suggestions In the message
q tbe Governor, and rep 'rt thereon.
Mr. KuTxA. read In place An act tenn povary suspend
ne bill ~as read by the Clerk Of the House. II 70
moves all The penalties incurred BY the hanks which have
suspended specie psymenG and directs that all Savings
fusd In 'ntuticns shall not psy more than cent
ss.um All provisions authorizing losn' ami discounts,
ucue IN force untl January 1859
Mr.. KAuyyNH also read In place . bill authorizing q
Nsn OF 81, 600 600 for the Sa - treasury
There was . general questioning oil the house ~
% Tie cause Of the presentation OF such bill
M RAlI hoped that the bill would be with trawn, - Il
would bav . bad effect discuss IT, u would take
ajare the credit Of the sase He would vote against any
Mr.. nrnnA objected 70 the bill, ni would revive the
relief poscs would aDord . circulating medium bu,
Mr. KAuvrxAH thought that relief rency was better
han the Wild cat currency OF Other States
Mr FosBR meved 70 lay on the table, which WAS
seccnded, bot subsequently, withdrawn
hr BALL moved 70 pstpoae The special reference indie
aaitely. Apesd to; yeas "a, nays !.
NJ BALI moved 70 proceed ~ once 10 consider the BILL
7he House dispensed with going into Committee Of the
ne first section was rssS, when Mr.. wHAxros made
pcsion TO postpone indefinitely.
The motion .ss seconded Dy Mr.. HRrAxp, and pro-
Mr.. HANCOCK read In place . resolution relative 70 the
Anal adjoorIn ent Of the Lesnla ure
shs House on motion proceeded 70 n cons icraiiou.
ne resolution provides for nnai adjournment ii twelve
O'Clock u. to morro~.
Ar BnsrAsp moved TO postpone the confederation OF
Ne resolution Till Tuesday next. Not agreed to-yen
Pending se further consideration Of the resolution the
Soust nd ,urued Ill three ocl' ck this afternoon -
mo touss subsequently vosponcd the lion Loan bill.
TIE resolution Of Ar Gdeas calling upon The banks for
siderable length when substituge offered requrn
stemept by ibe bank OF every loan made, the OF
the borrower and bis uAce and business.
considered the substitute went VOC far, aud the
original uii adopte1. IL requires Q statement
nom the banks during the present fession
rhis regarded test thai the House win pass
no bill efaizrg aus eension.
BOSTON MONEY MARKET EASIER
Boeros, oct 7, 1851
me money ma-set presents no new feature 70 day
Socks are little more acive and shade better proos
we're reaired-
REDEMPTION OF UNITED STATES STOCKS.
WASHINGTON Oct :, 1851
ance The publication OF the OF the Secretary OF the
Treasury the 2ah OF september TO the prcsen, time
ssay $4,000 coo worth Of United ates stocks have been
sent In for redemption The highest amour, received In
e.e day sebotoo worth. Within the last three days
she amount altogether 10, $780, 900. me falling
90 attributed to an improved condition In the money
market
THE PHILADELPHIA STOCK BOARD.
PHILADELPHIA o. 7. 1887
Hocks duu Pennsylvania a.. sOk. Rad M Pail