Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1858-07-20
NEW ADVERTISEMENTS.
CTRCTuAp


1.-THE Cashier of the Central Bank of Virginia. a
Il Staunon, has had printed for circulation an arti
Gle complaining of US, without including us, however
in the list of those to whom it has been addressed
we say complaining Of us, for though we are notuam
ed in the article, cannot be mistaken in assuming
that we are the party intended.
Our intercourse with the Cashier of this bank has
been restricted to the collection of the notes of his
bank, and checks upon it, which we have received in
the course OF business To his want of courtesy and
onensiye manner, in meeting these demands when be
mas met them, and in refusing payment when he has
Is reerabe the sternness and decision of our
course towards him. Our selfrespect required of MS
to insist upon the ullment ofIthe banks obligations
IN the lace OF the capous and repusiye temper of its
officer and by so insisting we rendered good service
to the public III we may venture to say So in teach
ing public agent that he owed to all who approach
ed him on business, becoming cyiity and attention.
We presume it is wholly idle and absurd for bank
officer to expect to raise camor against house for
sxacting payment even to the full extent of the law
If tavors would be accepted by bank or are NEEDED
their officers should lay aside incivility, and be
pectful If not conciliating.
We did protest the Central Bank on several checks,
OF parties who had at their credit the money to pay
them We wish we may not be forced to protest 9th
er cheeks upon this bank. The protested checks are
still held by us, and are unpaid. When we presented
the checks, the Cashier declined to pay them but in
currency 0 all Sorts and would not be more specific.
This being his answer and one unbecoming bank
Gas business men must perceive and being unwilling
to receive currency "of all sorts,"* we turned the
checks over to notary to be dealt with according to
law. (The checks presented by US were not all
payable in current funds" By reference to the acts
annexed it will be seen that it is immaeral whether
they are so drawn, as "alr demands are payable in
coin.)
We take issue with the Cashier upon the section in
the Code to which he refers for an excuse. In our
judgment it omphatcally condemns him. The session
manifesy designed to coerce the payment of both
checks and notes. in coin and therefore, in something
less usory than currency 'cf all sort" procured, it
may be, for tile purpose of erading substantial settle
neRt Of bank obligations, whereby nconvertible
rency would be maintained, to the great embarrass.
ment and detriment of the community. That the pub
lie may decide between the Central Bank and ourselves
and Judge for ITSELF whether this bank has incurred
the penalty denounced In this section, and the cumu
ative penalties of subsequent statutes, we append it
entire. He certainly could not suppose the exception
protected him. since we are neither corporation, or
refuse to meet our own obligations in coin
We hope we may not be forced into farther dis
cussion of this subject.
ENDERS, SUTTON & co.
Richmond, July IA, '5S-[July 20, 1871
#Notes of the independent banks with the excep-
ton Of two or three) are discount here though cur
rency in Staunton.
CoDs SEC. Is, CHAP. 5S-Refyred to in Circular oil
Central Bank
s15. If any note, bill check for money due from
any bank, be presented for payment within the usual
business hours at the bank or office where payable
and be not paid in specie when presented the party
presenting the samelmay. on motion or by warrant,
according to the amount, from the bank the
amount of such BILL note check with interest there
on at the rate OF twelve per- centam per annum from
the time of such failure until payment But such
motion or warrant shall lie in respect to any note bill
or check held by due to any other bank ncorpO
rated company which does not, when the same is de-
manded, redeem its notes and pay its deposits in spe
Gle.
An AcT requiring the Banks of the Communicable to
resume Specie Payments. Passed april 2, ISL
BE IL enacted by the General Assem5ly That the
eral Banks of this Commonwealth Shall from and az
ter the first day of May, eighteen hundred and fifty
eight pay ALL demands against them in when
Every Bank failing to redeem as directed in the first
section shall forfeit and pay to the State one-haf OF
per cent upon Its capital stock on the first day OF
May, eighteen hundred and 6tyeight and shall also
forfeit and pay to the Commonwealth one-half OF one
per cenum on its capital stock for each preceding
month, commencing with the first day of January,
eighteen hundred and ffty-eight. The same shall be
second anditor and be applied in payment of interest
upon the public debt.
No bank shall pay out for any purpose tenoteof any
the first day Of Nay, eighteen hundred and fftyeight
ui0ldtS refuse TO comply scith the provisions of this
section And any bank shall be liable to pay for any
violation refusal to comply with the provisions Of
the second section OF this act, not less thss
three nor more than six per centum on its capital
stock to be recovered by suit or information in any
circuit, county or corporation court in the county.
town, district or corporation in which said bank may
be located The thus recovered to be applied in
like manner and for the purposes provided in the
ond section of this act. And it shall be the duty
Of the Attorney for the Commonwealth of any cir
cult county corporation court in which the bank
violating or refusing to obey the provisions of this
act may be located, to institute proceedings against
sucI hank upon information given him by two free
holders of the Commonwealth of such violation or re-
fisal and for prosecuting such proceedings he shall
receive the sum of twenty dollars.
VALUABLE ESTATE IN ROANOKE
Y COUNTY, NEAR BONSACK'S DEPOT, CON- |
TANNING ONE THOUSAND ONE HUNDRED & |
FIETY-SEYEN ACRES FOR SALE AT AUC-l