The weekly pioneer and Democrat. [volume] (Saint Paul, Minn. Territory) 1855-1865, 1857-10-29
The Vtvgiala Banks.

The Richmond Despatch states that, on the
Goth ult., Gov Wise instructed the First
Auditor and State Treasurer to correspond
with the leading suspended banks. and to
propose that, if they would redeem in fifteen
days with specie such Of their notes as had
been received for State dues, a proclamation
against the failure receipt Of their notes would
be withheld. The representatives Of pOr-
ton Of the banks met at Charlottesville on
the 9TH inst, and resolved that the course
Indicated by the Governor was impractical
bic and injurious. but that the object would
be attained if the Banks would contribu,e
-, pr cent. by the lst Of December, to
meet the interest of the State debt due on
the LIST OF January also that al the Banks
in the Commonwealth holding demands
against the State, be requested to notify the
state Treasurer that such demands would be
satisfied by receiving payment in the issue
Of the creditor banks.
These resolutions were presented 10 the
Governor who did not give decided opin.
ion but intimated that he had no intention
OF prohibiting the re eipt of The suspended
Bank issue for the State revenue as long as
the Banks acted in good faith. ba he had
no power 10 compel the Banks 10 receive
the notes OF suspended Banks. but lht treas
ury, rs far AZ practicable. would receive and
pay out their issues trusting - their integ-
rity 10 redeem them a. fast "a possible
The Convention Of Bank ofticers ap
proved Of these sentiments aud pledged the
laith Of the respective Banks 20 carry out
business.
NoDE OF PROCEEDING IN MAKIxG PuR
CHASSIS OF THE PrBIIC LANDS w hen an
individual apples 10 the register Of land
district 10 purchase tract q. land, he is re-
qulred TO file written application. On
such application the register endorses his
certificate. showing the land IS vacant aud
subject 10 entry. Tat certificate the APP
picant carries TO the receiver, and il is the
evidence on which the receiver permits pay
ment TO be made. and issues his original
receipt, the duplicate u which ia handed to
the purchaser a. his evidence oI payment,
and which is rcquired 10 be surrendered when
a patent is forwarded from the General Land
oihce for delivery. The original receipt"
Is handed 10 the register. who indicates the
sale on his township plat, enters the same on
his tract book, and II is transmitted By the
register Of the General Land Ofiice, With the
monthly abstract OF sale. and certificates of
purchase,
This IS the Formally prescribed TO ind-
yidaal purchasers, and mas, b. observed no,
only for their protection in securing titles,
bat for the protection of The interests efthe
government. The law has established two
oNiccrs IN land iis;ric;--,he register and
rccciver- and prescribed a mode ofprocc',l
lns TO serve as check upon each other
II a claimant fails 70 observe the require
msn's, he does !, a, his peril II he depcs-
ties money with any person connected with
thc district offce, even With \ receiver, with
on, having first fled trr'''o. cYPiIra'io1
with thu rsgi,;er, BE- does 81 a, hi own risk
,he government no; being responsible for any
'l>s SAc-v the terms on shich the laws an.
,har'zt. euiries arr departed trom.--Ha,h
tn.s.