Keowee courier. [volume] (Pickens Court House, S.C.) 1849-current, 1857-12-12

hV' Ih"V W Oallv HlVO ,SH6cO UitS fittSG
mentioned measure, the minimnm circula-
ton ofiSthe Statoashall'ibe ascertained as
nearly us practicable, and each Bank shall
substitute for'its present Issues anew cir.
culatiOn 10 the extent prescribed by the
last Resolution, to be countcrsigncd by a
proper officer upon the deposit with him of
Stocks or Bonds of this State or the Uni
ted States. or of the city OF. Charleston or
Columbia, to an equal market value with
the new circulation by the Bank entitled to
the same, which deposit shall be applicable
to the redemption of the issues Of each
BQhkin addition to the securities already
provided BY law; and that further issues
of Bank notes. shall be allowed to any Bank
TO, he countersigned as above, upon tho
deposit of an equal amount of coin or bull
lion with the same depository, pledged for
the redemption ofsuch additional issue.
IL. That a free composition for the use
OF ofmoney is the proper means for placing
at their Just value the rates of interest and
exchange /; that to this end the restrictions
now imposed upon the rates of discount
and intcrest charged by the banks should
be removed from all actual specie paying
Banks, saving that each Bank be required
to advertise its rates and to charge them
inifornally upon all dealers; and also that
no Bank shall divide, more than seven per
cent. per apnun, among its Stockholders,
rcserying besides ifit see fit, a fund not ex-
ceeding ten pei. cent, upon its capital, to
pay losses and to provide for regular diviI
dends. 50 A't ~ 20 "s '7h
II. That these Resolutions be commit
ted TO -7-- ---- M, with Instructions to report
tho proper measures for carrying the same
into effect gJ' g q. e,aa. al.ag g-I i.s#
d Col. y. a. Easloy introduced bills to in!
corporate the Sassafras Gap Turnpike Com
panyand the Cashier Valley Turnpike Com
pany.. - =, ....a a.s....,'s
Mr.. j. III. Amber introduced bill for
the appointment ola Magistrate at Tunnel
Hill s8E MI
Col. Easloy introduced bill to reduce
the compensation of tax COLLECTORS F
Also, presented the petition of citizens
of PiclEens, praying the incorporation of a
church: "o40 '4f 80 a'i@ isT.t. .ast
Also, the petition Of citizens Of Pickens,
against the extension of the limits of the
town of Walhalla (which was scyerally re-
fcpcd to the Committee ON incorporation.
MIR. j. A. Doyle presented the petition
of citizens of Walhalla, praying the extern
sion of the limits of the town of WalhallaA
which was sevorglly referred to the Com
mittee ON Interpretations. ,.r. ..a 5tai N =,
~ COLUMBIA, Dec. LIN the Senate, Col.
Pickens presented the Returns of the Com
missioners of Free Schools fer Piekens dis
trict. aD-f,''fE3 sr.'af3 S$rea3A 72E%t
= The Senate passed a bill. to discontinue
the granting Of vacant lands -ayes, 27 /;
n9ys, 7.a ~ .,3 & brea so .ga sd,
In the House of Representatives, Mr..
Elliott addressed the House In favor of the
resolutions offered by Mr.. Pope, as a trib.
ute of respect TO the departed statesmen
Cheyes, Butler and Hamilton. The rcso-
lptiops were unanimously adopted. ,g.s
Messrs, Memmiuger and Gregg made
lengthy speeches onit the bank question
The former gentleman advocating his reso-
lutionsj and the latter speaking on thcsub-
ject generally.
DEeESIBER 2,---Thc Senate today pass
ed a bill repeating the law against usury,
after much discussion--nyes 81, nays 49,
"a bill giving compensation to Commits:
sioners of Roads, and for other purposes,
was laid diont the tablea ;lEIE g '}G1t
In the House, after the tran. elton of
some unimporta9t, business, ,Messrs. Wha.
ley, Gadberry and BIcC Carter addressed the
house on the banks and banking.
a message was asreceivcd from the Sen
ate, informing the House that that body
Il loo,,,, "a N ~, =, =, n ~ a
cerning the death of Gen. James Hamilton
The following arc the resolutions as adop4
ted by both houses; ~ af e@r
Whereas, During the past year tho'pco-
plc'of South Carolina have been called upon
TO mourn the loss Of three OF the most emil
ncnt of their public men, II is but fitting
that this Legislature should express its own
feelingsand lIesense Of the pcepie Of the
State d yie@ Of This public bereavemeHt
With wliichit hes pleased God in his inscrtl-
tablo Wisdom 70 visit us. In the death,
first of Uheves, and then of Butler, and
now of hamilton, the Commonwealth. has
cxpcri6ucedsa loss not so much OF service
as of Worth They we're all Of advanced
age For long time previous to his. death,
Lbbgdon Cheyes had been from choice, and
the infirinitles OF adyancing years, entirely
removed from the sphere of active paTtici-
patton in political aifaits, but even in his
old age and IN his retirement, the integrity
of his character and the grand preparations
of his mpssiyv intellect retained their blBm-
dedisylpmetry,; and now as We survey his
finished life, itis difficult to determine in
what light the pietureis presented in It's
most attractive features; whether as the
able advocate and the incorguptible Judge.
or ais the statesman OF, enlarged and liberal