The star of the north. [volume] (Bloomsburg, Pa.) 1849-1866, 1857-10-14

be printed. -.
Mr.. Jordan read bill in place concerning
the banks, which was read aud ordered 10 be
printed. On mo,ionh was referred to u spe.
cial commiiee of seven.
MIR. Brown read two bilIs, one q supple.
ment 10 The Act Of April 10Th, 1850, rseu.
Iating the banks, another, entitled an Act is-
Ialing to the floating debt OF railroads, and
navigation companies.
He also read series OF joint resolutions
instrucling the State Senators and Members
of Congress, in relation TO the control and
restraint by Congress Of paper money.
A motion 10 print 1000 copies more OF
each of these bills was discussed. f-
The motion to print was finally adopted
unanimously, and referred TO special COM
mllee Of five.
Mr.. Wright read bill prohibiting the banks
from issuing notes of less denomination
than twenty dollars. Ordered 10 be printed
and referred TO the Committee on Banks.
Mr Lewis presented a bill relative 10 the
banks of the Commonwealth, which legal.
yes the suspension Of specie payments, ard
fixes time for resumption. Referred 10 II
select committee of five.
Mr.. S,raub presented bill 10 extend relief
10 the people, by suspending the collection
of debts due the banks from the people
Read and referred 10 The Committee of Fl.
nance.
The Speaker presented tho memorial of
the Committee Of Bank Presidents of Phla-
delphia, which was read ani referred to a
Special Committee OF seven.
Mr.. Gpzzam presented the proceedings OF
the meeting OF the Board of Trade and ci.
zens Of Pittsburgh.
Mr.. Taggau presented bill concerning
the Banks, which was read and referred TO
the Special Committee Of seven.
Mr.. Souther submitted a resolution calling
on the State Treasurer 10 inform the Senate
what amount Of money belonging 10 the
State is deposited in the Banks, and what
amount in Bank notes, and on what Banks,
are in the Treasury. Laid over for The pres.
! cut.
Mr. Browne gave notice that he would TO-
morrow offer resolution calling on the
Banks for a statement of their present condi.
ton.
Mr.. Scofeld read resolution to adjourn
sine die on Monday next.
| Mr. Taggart moved TO amend by changing
| the DAY oil adjournment 10 Tuesday
! Pending a discussion which ensued, tho
Senate adjourned till ten o'clock tomorrow
morning.
ABSTRACT OF THE BILLS PRESENTED.
| SENATE-The following is an abstract Of
Mr.. Jordan's bill, of which 1000 copies were
ordered 10 be printed, and which was refer-
red to n special committee:
SEC. /. Suspents the operation OF all acts
/ declaring the suspension OF specie payments
by Banks forfeiture of the ch arier; and re-
mts all penalties for such violation of tue
charter. II authorizes loans and discounis,
and The issue by the Banks of their own and
other notes for period OF -days and re-.
sIricls The dividends TO per cent. per an
NUN.
SEC. 2 Requires The publication OF guar.
terly statements OF the condition Of The banks
OF The Commonwealth in the newspapers.
SEC. 3. Requires all Banks dung their
srspensio6 OF specie payment to receive the
notes of all other Banks 10 payment Tor debts
which were sound on the 2iih OF September,
under ceriair regulations.
SEC. T. Requires that the deposits OF the
State Treasurer ia any of the Banks sAaIl be-
paid IN specie.
SEC. 5. Authorizing 4 stay Of execution
on judgment for one year, in all cases where
the defendants estate, in the opioioa OF a
Cour,, is worthy tae smount ot the jIdgs.
meat, or where security be given.
SEC. o. That he act shall lake effect i'm.
medialely on IT'S passage, and the proEkions
be accepted BY the Banks within siry dayS
Me- sRowSE's PROPOSED SUPPLEMENT- TO TIE
ACT OF APRIL l6rH, 1880, RssULATISe zAsKs.
, The First Section requires tha, the Banks
OF Philadelphia aud Pirseurg saaI aubiish q
weekly statement of ihsT assets and liabtli-
ties; aad the country Banks. on oc before
the ,enlh day of each uontb, shnA furnish an
, exhibit o. their affairs as they were on the
, Mo1day OF each week OF ias aext psscsdiug
moath to the Aaditor-Gsneral; VITO i to az.
rarse them in taeslar fosm, and Pabsish III
aas Of The newspapers Al the seat Of GoTerz-
nsnt.
, SEcvloS , Limits The Bank jigSlsuds 10 4
| per csat. per aanuD, clear OF State taxes IN
! al said bank shall have acs1uuIstsd re-
> serve os eonuaseas fuud, uot less than 25, uos
I rors than 80 per cent. oe the capital stock
: And thereafter limits the dividends to 9 pes
cent. per annra, clear OF Safe taxes, aH the
safs,sss above ains per eaat> 10 be paid inta
: the SAFE Treascsy,
SEc. ; Requires SAID reserve ei ecntinsee
). tSRi A. trsI - - htsvstSSt W Stafs, u
Uuled States Lclas, aud deposited vita she
: Auditor 6sGesal and al sStlsiioaal security
10 IN, uow provided ey ts~ foe the rsasme'
>rs -. 49,. - -. -,