Smyrna times., 1857-03-11
Adjournment of the Legislature,


ing last, after session OF two months Many
important bills were acted and decided upon,
aud mostly, we are inclined to think, in the
lines marked out for them before their Assem-.
blage. There is, therefore, TO great surprise
at the inal result of their deliberations. Some
of their dongs, however, which wereorieinated
after the commencement of the session.. will
give surprise and dissatisfaction, we think. in
most quarters; and, chief among them is the
Act prohibiting our Banks from issuing notes Of
less denomination than five dullars. The ua,.
sage of this bill, we believe, is almost univer.
sal condemned, and why it should be enacted
IN the face OF such strong circumstances. we
are unable to.see.
1t most certainly will be very injurious TO
our Banks. 1t will decrease the amount Of
money in circulation, for the small notes will
most inevitably be redeemed By the hard specie.
thus accordingly reducing the amount of money
u the county; for every dollar redeemed. the
circulation must be diminished two or three
dollars, and their loans reduced in the same
ratio. In our view OF the matter, the measure
was lnexpedlen, because the people did not
Call for 1t; because 1t will not improve the cur
rency; because twill not form a ny available spe.
Gle reserve; because it draws a larre amount
OF active capital from business, and because il
Will be aging an iudlrcc, tax upon that part of
the community who have not capital enough to |
proceed with active business, but are dependent
upon loans until they are able to hold their
heads above The water"
But, will the law prohibit the circnI,tion of
small notes +! The statute in repard n rho
notes of other States is a dead letter. thew
VIII continue 10 Hood our country, and thus, in
stead OF having money with which we are
familiar, there will be no end TO forepn no,e.
on suspended, broken and Other bad Banks
our Banks pay bonuses in consideration of their
cuarters-theSe charters give them the privilere :
Iege OF is, 2's and 3s, as well as SIS. los and
oos' and thus suddenly deprivins them of =, !
considerable ol part OF their circulting medium :
ana compelling them TO keep more gold in their I
vaults Tor lhe purpose of ofredeemrng, is breach b
of f~ith on tine part of the State. The law is c
"fong' and 1t is doubtful whether it would bear
an investigation before our judiciary. n
Ire surprise in reference to the lottery hill Il
Is no less, IN that 1t did not pass 1t was known
ioi 'e'eraI weeks previous to the adjournment, >.
'nat very tempting bait had been offered far =
our legislators to catch at, in The promise ot ri
esSo'Ooo per annum. by the two companies ask ca
4"e 'or CHARTERS, to be applied 10 the construc u
''0h OF railroads M Kent and Sussex counties re
out' as these INTERPRETATIONS we're not granted ~
II they would not grant them in cons,dero linn IN
OF -sueh large bonus-the immortality of the s
business being the only thing in ae wny-wav pr
'nooiu they not, for the moral reason vote "a
III amendment to the constitution prohibitinv w
nem IN our State for ull future time. The Io,, an
cry CUISINES" Is Disgrace 10 any State in which 70
I IS carried on. 1t swindes Door. igno,.n, Ph
ieiuaed persons out of their ha I'd earnings. and
/ Is nothing more than gambling. For the bo
a'inca'loh oi ah amendment made at a preyi. ed
JUS SESSION. the vote was taken, as follows. and
equ'ring three tourtha of the members to mas.
. said amendment was. lost, hav ny lacked il Z. II
PHI oe seen, constitutional ma ority in botb RI,
ranches: -
House Ayes: Messrs. Cloud. Ferruson an,
'un'aP' f0ard' Frame, GoOding, Lodge, Mere. ha,
l'h' Moore Pennington, Phillips, Sheppard will
alter, Williams. and Culnmims soeaker.-I5 sue
'Gys: Messrs. Atkinson, Cannon, Martiu. Mar. v,si
bail. Ponder and Watson.-6. c,rc
okSArE-Ayes: Messrs. Armstrong, Biggs. inr
"iiIns' Hazard, and Boys, spea aker.-5 Mans. tre,
eSsrS' Carlisle, Harrington, Jones and Mooro said
4. ~
SELF
Aiere we nave the names of the indiyiJuals sour
no have Indirectly countenanced the immoral
I'ery business, as it is carried ON in opr St.ta
4O'' OIL was amended and passed, has
q Is no" law; but. not having expressod no,
rselves hitherto ~ reference to !, ~. ,n
a. 'n'S 'lme' Sufhce it TO say, that the 8,
emPeranee car has been taken out of our g.
nds' and Is now in the management of ,bo.o
10 nave promised to carry it in ultimate ri.
Ph much sooner than could be done by u, q.
u proposed act to aIaend the c0nsttu,;o, g
Slolng Tor the appointment of iudges fo,
,.v., 60. - ""' passed. IL must, of NJ
'''er' come before 'he next Legislature, for po
rbs Tenn
ne Dover and Mahon, and also the S,nvro, A.,
Tho.o i.,a., .'''Oa' Quarter Jailed 10 Penn
mere 10 need' from many Considerations. III
will d.,,.nd 80 ~ N"u We '"ihk The peo- ed by
'entatIVes. a Charter in few yeura Tie
antage OF such a road, by opening n ou;cL FR'
direct rof,te 70 The NJ, qu'eA the ad
k.t. wonld be f,o,, :, 'N DO''on' gist.
.oru. and from IN 10 "A 80 c pe' "o'"ei one s
4. ;oin, -. - can te
cribe TO ,bs n.I.n'a VI" Htate to approx
ord hi.r.t, 80, 'a''.O"u a"d 70 The ectur
he No,,n.I 60 ~, 1''ea'ed' Hen o
.,ion of ,o.ohe.. g. N"'' P,O''o'pg ior the charts
Ina, IN ,h. II s'' s'"'"i'p schools, exceed
a. L...u.C'.0, =. "e 'o'e' This ls much