The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-10-14
RELIEF MEASURE OF THE PENNsYLvARIA
LEGISLATURE
SFEArE.


HAamRrIa, Ool 30, lts
rhe Senate mes u 10 o'clock his morning.
Mr. srRArB introduoed bill 70 suthorne sne nomDssv
and officers OF the LegisAt1re 70 Hxysbcsg ios
HAis onlcss.
M BRowS road thu clsusc The ssats conssusou 10
curing .sn days previous residence IN dsec' to ss'
THIS settled Tho question, and shs bill vas Ad eyU
Tho Senate then adj,urred I'll H. " o'ciocs.
The Senate met % II occck. and afser some delay iso
Ing been vadcusiy snsajed, NJ Jordan moved .ss sp-
poptmcnt Of Committee Of Conference 70 meet nrasr
con mist,o nom the aauss me .os.aa provided, .sd
me senate ihen I'd iourued 10 mess agsin 81 oroek
P.N
HOUSE oy REPRIsEVArrvA.
HAsnEBuEs, 0cs. -, lssT.
Mr. HnB moved 70 50 tns, Committee OF the Whole 70
m the limo Of resumption In July, 1862
The po,Sn ost by . voso Of 81 yeas 70 ~ nsysL
The political vc's shs motion stood-yeas de1c-
crats, vz'-A'mr BAkuH Campbel AoIivxin Of ytiio-
dslphis. Pearson, Yearsey Of Philadelphia, ana zmAs
vz-Argustine, Chsae, Nichols. Parcei Ald w,ghA sod
thirty nine democrats.
Adjourned I'LL afternoon.
AFTERNOON sHsroN.
br. BALL offered an entire ne~ section ID a.e d sne
nrn section Of tho bill unceF confederation
The section takes or ps-saes incurred by nAnsr,
aud extends The lime OF suspsnson 10 the third Monday
January, 1850 or until the Legislature ohe.~ise csde-
rvvcs tho 18th and 9th sections OF tie sos OF 1874
until 1863; permits bank 20 declare per cent divdardE
during the suspcnikn; arends the same prcvaion 20
savings funds and usst and Insurance compsses;
a.c to ,hoae institutions wtose opertioon have
pos ye< began, and to new banks. ks esn said
hs or ,or rn, s.'lNs ,,s sss,,a
or specie pEJ nnents by the banss From tho 81 sad
no ooud no vote for the presn nj b aud hence DO offered
tos amendment He dssrec 10 lesislate for ns4srr, Ia
6orers, mechanics and manuaotrrsrs, and Thoughts q
strange that The democratic members OF tae Legislature,
wbo par zzenoe claim friends cf the peop;o for
this bhl, wbioh favors the banks acne rhe proposed
months sg.ii4scn VIII give ,be banks iue io oouees
Their debts but viii not give time TO man fActurerr, me-
chancs snd other cl,ases An extension 10 JAnuGr 1862
.ouli give hese ciass<s time. He wondered tnss Nv.
mere verbal ameDdmen,s He called him 70 srp-
port this ~ endmsn, The people look TO him, end be
ered simply proposes 70 revive tns sections Of me
hw OF 1894. Tho banka wei understand thon. ssocid
be The grea: consdsrste On Of his Iessasure give tn,s
10 the merchants and manufacturers, 10 alsv uem
to collect her bask debts, which ave 10 for
eisn lands. This canno. be done IN less ruo
than the amendment si1er Until sucn rcAi can
be maize the merchants snd manufacturers oannos DO
ready 10 pay their debts he closed BY wsSE ste Bcuso
strongly TO vote for ihe amendment NJ. ios.er stc.-
bues the OF the presesi financial cras by
trading eIRsvsgance, departure iAr from !he spsnte
oos b S.ot 70 ne o .SonsS p1nSsros md
business bas been doue Ao OF extravsgAnoe which
finds no parallel in our history Should cur baslnsss men
FL would be willing " endure NE annoyances Of
years suspension. Unless IBIS vas done thc sUp0sn
floating debts Of our railroads are already enormooS Ina
msrse amounts Of interests are taken yeary cot Of No
country 5y sosss ,Se'crpaons UI rS1ssds sse
spread all over The common wessh, and many, oop.
strucsd can never pay B1saess men ny thA. unless
the ansptnsicn or spece mems 10 ee aIed the banks
viii break thsms elves, and they viii 30 doss Win thsm
fsA ed extension far January, 1856, wiz lp-
tho community would be In danger He hsli ultimate
remedy DO economy and resrenohnens, which oay can
On tho ausson M ,ns .nrnd mani rscuyy,nv xss ,e
Yeas 90, rays 80.
M rnozs moved 70 70 into Quantities Of ths wne,e,
In osdsrvo eSve the tms for she kgazpg OF
~. naiAs within ne siscrson Of Ms sssi Lssrssuss
M ascAxoRr said thAs the uncertainty 70 wfss
would be the Of lhe next Legislaure, you'd
all lhlres as odd ends. and have d.assrous snscl
TIE mo,ion was nssAtved. Yeas 20, nays ca PoEf-
oay the vote atood cas-, 10 republcans Gays, II pet-
NJ srarnnKs moved 70 70 into Com uaee Of ,oe
Whole 70 ensshen The ume Of suspenson 70 ips, 1859.
Mr. THoRs moved 70 70 into COMMITTEES Of We wtok,
70 extend The time 70 nrs: Hopdsy In September. Loss-
yoss g. nsys a9 On Tho ayes there 30 rcpubn1s
and democrats; in tho nays ID democrats and rspsss-
cADs.
VI srsyrSsos moved 70 20 Into Commtaee q Nc
Whole exiend lbs time sf ,aspenaisn 70 he ns NOR
day In July. Loss-yeas Al, nays -
fhs question then recurring on ,re nusl passage Of re
bill, vn net sdo,sed. Yeas "a, nays &C.
w FORM resd y plsce JOINT resols ion % sdyoarn
fnsuy {, morrow Al 10 o'clock A n
Pending the consideration ~ this noc,r,
Mr. krssA moved to adjourn fcs ne prsserL Asyesd
n-ysAs ts, nsys a.
oouraec.
HrHrsrna, oca 10, 1897
he loose reoonsidersd yessriays voss On be Rabs;
Tno motion 70 sl.epd the tire OF the saspsnsou &C me
hhd Monday In July nsxs Vas psxod- ysAs, Aei
mo question on mo saal adoption Of be sn s,sod--
Ao|orfaeo MI afternoon, o await shs scSep si no
senate
rry o'CLorP
rne bn passed. the House nxesths seoond Monday
April next The day for tho rssump,on OF specie pay
msnu By the bsnks
ne Commit ess OF Conference appointed rcpsrsd 40
actions 10 be sdded 10 the bill, and ihrs anoreso
tsssed both houses.
rbe Relief bin signed By sse ssvsrDcr, sse sS
Iesalaiurs ihsn adjourned nn< dc.
MEETING OF BANK PRESIDENTS IN BOSTON.
Boros, ocl 10, 1857.
The failures In New York 10 day rausca eonsdsrs-
bic erciement In state street. bui ysa ise revs has
bad peroep,bc ehest banks, which eopanss
discount 10 reasonable extent
Al . meeting OF ths Presidents OF NE Boston bS4p
mis- norrlns, nmtse appointed sase ~ss cr,.
sideraos ne mosssayy troubles, and ~ ,ss -Ae ssrA
farther increase Of loans would be erpedess-ae oca-
mlt,ee so report msdislely.
Tho o:mmfsss suthorizsd to co1suls vin sxG nx
tho 90 operation or New York banks n sr:erisg ibs
line or dlscouns 70 solven, merchants.
kc@rs. Francis shinsor Co. Suspended 1ssy ns
ihe largest dry goods commission house IN 'he cry.
They agents Of Mo Peppersu ssss, ySsacorc, md
N any osAer prominspt manufacturing compsn e.
me suspensIcn Of Es.,rs George and W. r. Lyman,
commission merchants, sss street, y announced.
me Cbuyy states regard 10 tsc suspsusior Of as~rr
Frasn simmer 4 %. that
rney have stood through all ~ changes In neroarsiss
arairs FOR ncay forty years, and thsy yield 10 ihs
pressure from the utter imp psibuy Of ostAsing that
which price -mcnsy. rhe means are smpis and
tAsr suspensicn but temporary. rhey have resources
10 pay their debn nealy twice over and THAR paper
are assured, wi sell al besier prices than nj u,h Of
he chered In hst au s9sra