The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1858-07-16

rrCHMoNp--paAp ens-ln yOaf fssue q today.
,Ss ssy s isi re re * csn
trai Bsnk and eurseivs I'm orde9 that the specsar
iOr msy s. naas more .famil.s yi.h .hs LEGAL en-
ronnsss ouersseous sud sbsn,b.v We beg yon 10
pubiish,the accompanying circular.
vsr,r'''seis'ss'bIyi: ss. SUTTON GO.
CIRCULAR.
etsnntop. hss had priptsi for circulation article
mplaining Of A. without Including us.howsyer; II
the list o. those u whom & has been sddrsssed-.
named in the srticls, We cannot b mistaken in ~
snnng that are snsp.Tn i1ts1d g a.. ,.rs ~.
been resi- ictsd 70 the colection;of The notes u 81.
bank. ana checks upon i. which re have rscsivsd
In the Of our businfss. TO bis want o. coqr-
msnds 1hen Re Ia, met them and IL refusing pay
msnt when he has refused >is refsrsble the stsrn-
ssfrespect required of ns 70 insist upon the fulfill
ment OF the banks obligations, In the face OF the
capticus and repulsiys ten per Of 10 encer sna py
q sR:s he owd g Il
We presume Il i who'll, idle and absurd sbank
officer 70 expect to raise clamsr sssinss no ss
s1astng ~ even 80 ssd bg bsnK are
needed their officers should ncivility and
DO respectful, II not cenc,liatinS pnr on ..vsrs,
checks, Of who had as their credit the money
- "a them We wish we may mot be forced 20 PFC
checks are still held By us. and ere unpaid ne: :,
We presented the checks. the Cashier declined %
.hs but p. IN TS e az 81 and
one unbecoming bank, Gas buains So men must PCT
and being mi e Sv.r 70
s 90 ted By u. were not al payable in current
seen that il is immateriaa whether they were 20
drawn, as "alp' demands against tEsm are payable
We take issue with the Cashier upon the sectie q
in ths Code to which he refers for an excuse. La
our Judgment. it emphatically condemns him xhs
section was naufestly designed to coerce the pa
mept of both checks and notes In co.'s, and. there
fore in something less ilusory than currency "qfl
so, rfsr ssms sy @ S Sss
an inconvertibis currency would be maintained. to
the great and dstrinsnt Of the com
Central Bank and ourselves. and jndgs for itself,
whether this bank has incurred the penalty de-
ties Of subsequent statutes append It entire He
certainly could not suppose the exception protected
m s SnT ew we eon fe''
We hope we may not be forced into farther dis
cu'S'0n Oh TINS SUBJECT eNpERs, SUTTON co.
RICHMOND, July IA, 1855.
.Notes Of the independent banks. with the excep-
tion Of two or three) are = discount here, though
currency in staunton.
"
Central Baak.
AIS If any note bill or check for money due from
any bank be presented for pay ment within the usu
oil business honrs, at the bank ONCE where pays
kle and be not paid in specie when 30 presented
the party presenting the came may, on motion or
by warrant, according to the amount recover NON
the bank the amount Of such bill, note or cneck
with interest thereon, at the rate OF per cent
um per annum, from the time OF such failure until
payment, But no such motion or warrant shall lie
in respect to any note bill or check held By or aus
to any other bank or. incorporated company whicn
does not. when the same 10 demanded, redeem ita
notes and pay its derosites 10 specie.
resume Specie Fuyments.
Passed April ., 1883.
BE II enacted by the General Assembly. That the sew
eral hanks of this Commonwealth, shall. from and
after the first day of May, eighteen hundred and
nfty-eight, pay ALL demands against them in spe
els when dsmapded.
Every bank falling TO redeem As directed in ths
first section shall forfeit and pay to the State one
half of one per cent upon its capital stock on tbs
first day Of May eighteen hundred and ifty-eight
and phall also forfeit and pay to the Conmonw ealt
ouehaIf OF one per Centnm on its capita stock fol
each preceding month, commensfng with the mrs.
day Of January, eighteen hundred and NIFTY eight
The same Ahail DO paid into the public trsasury
upon the warrant of the second auditor, and be ap
piled in payment OF interest upon the public debt
iy I6-lt