The Lancaster ledger. [volume] (Lancaster, S.C.) 1852-1905, 1857-12-23
South Carolina Legislature.

on Saturday 18th inst, by a vote Of 6n to Ill.
The bill provides that the Act of 1870 be
suspended until the lst January 1859, re>
moves the restriction MS to paying out the
bills of other banks, and that no execution
shall be forced on judg ements obtained BY
banks not paying specie-the debtors, how
ever, paying interest every sixty days at 7
per cent per annum. The bill passed after
a number Of amendments to it had been
submitted and rejected. Some able speeches,
both in favor Of and opposed TO the bill !,
are reported in the Caroiinian
The provision in the bill for suspendino
the execution of judgements obtained by
Ban KS not paying specie, makes the whole
some less Objectionable, though it ia no wise
changes the main featurc-the remission of
the per cent penalty. The Till, should it
become law, establishes a bad prcccdent ::
banks will presume upon it and hereafter
infiaie and suspend at pleasure. Some of
the friends Of the bill urged it's passage. rs
they stated, not so much for the good of the
banks ns for the relief Of The people, and
there is reason attached to this view of il.
The people at large will perhaps, be tenn
Porarily benefited by it. One member sta.
ted that the banks owed to the public about
$4,000 600, while the public owed to the
banks about 81, 100000. The banks would
OF course force collections of their claims if
the Act OF 1910 remained in force.
,1,,,;n
by Dir. Nitherspoon, on the same day of the
passage of the above bill in the IIou.c. in
reference 10 Banks, embraces. in our opinion.
the best measures that we have seen pro.
posed. These resolutions We're referred to
the committee Of the whole and are as fol.
lows:
Rrsoired, That any bank in this State
Which bas now suspended, or may hereafter
suspend specie ayment shall be stopprd
'ro" ins'iluiIng or carrying on suit against
any oi It's debtors, whilst said bank continues
in state OF suspension.
ResOircd, That whenever an, bank in ,hi,
State shall suspend specie payment, inter
est si'alI cease To run against the dc rbtors of
SAID baak, Tor and during the time Of id
suspension.
The House Of Representatives returned
10 the Senate the bill 10 amend ,b,. L,v j.,
relation TO trading with slaves; which re-.
ceivcd the third reading and wus chanu,d
10 an Act. One or TWO examples under
this law would tend greatly towards reIiey.
ing the country of this common nuisance
The Act provides:
nat u any person who had been con-
'ic'eu "i dealing tracing or irnlliciny with
save, contrary to ilie acts Of the General
HsS'moIS now "i force, shall be second
time convicted Of like offence. such prrsou
(n"t beinga white frmal.) shall. for such
SECOND or subsequent offence, in addition 10
the penalties Eow prescribed by law. b.
"hlip'u not exceeding thirGy-nine Iash.s.
P'"' 'oed' That the said punishment shall no,
'Atehu l" any conviction for an Offence. COM
United pfIor to the passing of this Act
ihe bull for the greater punishment of
professional gamblers, passed he House ON
Monday by vote of63 TO 81. Should il,
become law, it will create some stir among
these geGtry. The bill provides tor an in.
hiction OF not over 80 l;tshcs in addition 10
The penalties now imposed by law.
Among The proceedings of Tuesday. a..
hpd some resolutions offered in the Senut.
by Mr. Townsend, the purport of hrh WAS
that the Commissioner of the New S;ot,.
liouse confer with the Arclitcc, and suh.
mt 10 The Senate, withost delay, n plan of
'hc building now in progress of cons,ruc.
u"h' now many yenIs it will probably take
10 complete the same, and what will likely
be The hnal cost with an annual appropri,.
Ton "t three hundred thousand dollars
ne resolutions were considered Immediate
~ and agreed t.. The report, when sub.
m'tted ard published, will be sourc. Of in.
icrest to the people.
An election held for President and Dirrr.
tors OF the Bank of the State Of South Cnr.
olina resulted IA follows:
For PreSidsm-C. VI. Furman.
For DTccLOrS-W. &. Dukes. n Sh.,
P"rd' Thos. Lehre, J. II. Stciumeyer, ]. p
DcVeaux, ii. +. Stroheckcr, &. J. CoLo,k
Thos. RYAN, A. Smonds, p. c. G,illard. w
Y. Paxton, A. EIfe.
!
ferred, reported unf,vorabIy upon the bill
submitted by MIR. Perry for the re orpanizo.
lion Of the South Carolina College, and a
motion to lay the report upon the L.bIe was
lost.
Gen. Jas. Jones was reelected Commits.
sioner OF the New State House.
On "Wednesday, the Senate, in Committee
OF the Whole. adopted, by n vote of 20 TO
10, ihc bill! from The i,use for the relief of
the Banks. with some amendments. The
bill ne passed BY the Senate, We learn from
the Cdrolinidn, provides that the @Act of
1910 bc suspended until the lst January
1859. on the condition that no execution
issued upon Judgment already obtained or
hereafter to be obtained by any non-specie.
paying bank, shall be enforced until such
bank resume-and that each debtor, under
execution. shall pay to the bank interest az.
cry sixty days, on the amount of the iudy.
mant nj The rafa of \ NO. 49,,