The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-10-14
OrroRHs LIZ 2. V.

r. n.
TIE Convsn acu assembled puvsu.as sdj ,urn ueni
Mr. CONRAD. fro the ccmmsee appointed 70. tnA pm
pose reported the ving series OF resolaoas, oslns
shose originally OIL red BY himself, ~ amended oy ire
sommiaee;-
That regard the msin.erAn II tho credit Q, Ii, Dom
noa sss a. he rsi sui Of TIE b. hing soat .. ss
rri q the letter Wise u he Auditor and Treasurer
aha, with All respec. to the from which coma
feel bound sAy that 10 the opinion III, mesi,g a
i, as % 70 s s dsp aud
oher banks me stsss ALSO cal.ei . "a 10
sen on in pa, inert OF ne revenue Ds the c,.cer, .,
be made sbposS fr on Ss1 on iss
nsxt mounng are informed to the sam OF s'a D ~
bask OF ~ per cenium on Its capa via make susn Prov
MA. IN opinion the III q ~ os,syo"s; s!,.s
depo banks 70 tAs extent u. uasnl,ned
Sy The la d.. Of necsmsss ass s whS, may
IN spec or New ) ork fonda . v.r,,,.
has gone without taslr for ,hs public good
well their under the s,rcn aa, wh,nsv.r
sure vi isss and meant Tbs paper q nr esnss
!, his Corvsauau adjourn, sd,eu,n Q NEE. Q
Z, : 81 s 70 so ess 5 wa a'
wnioh ess.utors were afer discussion adopted unan
mously.
Mr. CosxAD offered the 'ouo=isg resolution, which VA
also adopted unanimously, 20 witt
Resolved Tia, this meeting e The banks 10 ss
o. nssST 70 no the T,essaer o. lbs Hs AZ
that eli ri. sasaed by payment 10 Kich
respectively scsved by said dpo banks 10 payment Of he
such being sbe seBss Of the Convention The Chairman
appointed kesss Souhsl, Stevens aud QrAnge com nit
tse 10 wt the GoscYno the arrival Of the dele.
gates IN Richmond. and request tuerview with MIN
The del gAet from the sererS osnks sgesAoy TO their
adjourn easerday assembled (Oc 81 xttha Exchange
Boel In R!oh mond ana shs and obtaDed inter
siih Governor Wise, and esent aim with The action
soiatons OF shs Convention resolved by al n
with al kindness The rsul " this interview, In VIII CD
ing CT which sers grs iryiog 10 the aeIegs,e., was
The Governor exprcses himself pleased ~ having the
vews OF nded banks Represented rosave u the
nsnenanee Of the public credit - expressed In said 70
gouoDs and their wish 10 do what thsy could 70 aid
State In Nquidaung In Liabilities abroad And. witbost
expressing Q decided opiD N either way upon the aug
g.sons con aired In the resolutions of he Convention
presented tn MIN In reply 10 the plan proposed bs hs
letter TO the treasurer, which had been sent to the
banks be assured The deeg aion the, NOT bis ipen
on 10 Issue procsmaaiou prohibiting the ecsps OF tas
OF the s,ssended banks IN payment Of tho pubic
AGING with bona fde intent to protect The State credit
end the conn uuss in which they are located and 80
long there ia evidence OF fraud ON their par: An
yei be had resed the greatest confidence In ali the bsnxs
OF the common eath, and he woad do nothing to i'm
ra public confidence In them, with ouu seeinK Shat
lar erts,er good than evil would be scs,m oIIs,ed
e hai TO compel the deposit banks 70 receive
Ire noies OF susp nded bankt rhsr were bound to
eve only the noses cf specie paying bsns In case ihey
refused 10 cee such note the Treasurer woult have
10 take The ins a,ory step b5 sesrDg to the Governor
vhose duty II soud be 10 Ioovide depos ,ory 10 Case
the deposits were removed, or lace OF receipt and dis
5ursement OF all funds which tue deposit banks,
nusd would receive. be w no good to be attained b.
removing ibe deposits.
The deposit banks might re sn receye the note.
OF suspended bsnks ard IL case they inued TO
the Treasurer would, under the law pro ride place oil
depol would receive and pay out tho rejected
in d. change OF dtmspos upon ihe Safe FAR he could
And ior suoh smosni OF them IS be could not pay out
the Governor would rely loon the integrity public
spirit of the banks sxuug them TO redeem them as tbs
Treasury rapidly may be required by the necesss,
or the wealth, and In the Of the banss
in specie such tends bankAole In Richmond may be
Convertible here IN time to meet the ineress due abroad
on The public debt
TIE Convention having returned and resumed IL session,
tie following reeo otioIs submitted by Mr. Souiha
and unanimously a6orted:-
Resolved That thr Convention approving OF The sentiments
OF The hereby edge the bauxs Represents that
In faith and the utmost Of their ability they M carry
1 the views GOV Wise
Resolved, That THIS Corventcn respectfully recommends TO
such spsnded banks rot here represented
with In the policy herein Indicated
Received That secretary be Instructed send
h1se proccs dinss each OF The suspended banks
represented with request that they anicase q
sponie 70 he Chairman o. Winchester.
And the Convention % iouinet. 60