The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1858-04-21
L ii + DISP A TCH
WEDNESDAY MORNING. '...' apRiL ., ,Ss



We publish below the two Bank acts passed nv
the Legisatureat Its recent session-one providing
ior the resumption Of specie payments, and the
other ior more uniform currency The desire to
see these acts IL quite general, aud though thsv
were pnoiished during the session, We again make
room iof them to crafty the wish to obtain comics
Of them
fforeitay -foT more Uniform C.srrency Me Ranks
Of The &dfe
Passed April 2. 1858
~ Il enacted by tie General AssrtRlfn That II .bau
oe tAe duty OF every branch OF u Bank which, h.
now cf may be hereafter authorised by Law il, al
non " tae redemption nov urcd at such branch
W ssu1ein en- demand all circulating notes issued or
payable by such branch. which may he prrsentsd
ior payment st the parent Bank of such brsn9b at
aIa'e oi dsecunt not exceeding ne.fonrtL of ,,ne
pe, ceht aod Tor failure 10 redeem the Same fha
holder thereof may recover the same damavrs' md nd
"a Tue same mode now provided by law for f,iinre
20 pay ~ specie AZ the Office Bank where ma
Provided that the other branches Of The
BANK ot virginia ahall redeem at the branch thernr
| ssanlished Ia the city OF Richmond on like terms
Every independent Rank which is now or may
hereafter De authorised by law, shall estabIi.h nj,
agency 19r the redemption Of its circuIafing notes
u the city Of Richmond or in Baltm,or, r.; fb
state OF Maryland, in addition TO the red.mn,io
now required by law. The ocatjon of such saea
shall ho certified by the President OF the Bank T ts
uo'srhyr oi virginia with each quarterly report Of
tne Tue BANK, aud shall be published with the same -
In
Bahk shall forfeit to the Commonwealth one inn m
tIreti dollars for the first offence and 6y. hundn
dollars Tor each separate violation of tie law thar
after ~ i"" 'I'cfe
1t shall be the duty of the Bank in addition to ,bs
redemption nov required by law to redeem on ,Ia
niand all circulating notes issued by such Hank ar
payable by the same. which may be presented for
payment at the agency thereof at a rate of dseonnt
not exceeding one-folrth Of per cent aud for a
failnre to redeem the same the holder thereof NAV
recover the same damages and in the same maj.
now provided by law for failure To pay in ,pecie at
the Bank, where payable.
whenever the notes OF any Bank shall be presant
Ell for redemption at the Bank where thev are pax
able, such Bank or branch may redeem the same by
a specie draft ut par for the amount upoD the na.
where has made provision for the redemption OF
its notes. provided the a. gregate amount Of notes
80 presented and held by the same person shall ev
coed the sum Of five hundred dollars aud the persoI
refusing TO accept sucl draft i'll the redemption of
the notes held by him, shall not be entitled to pro
of the eighth chapter of the Code or under the
provision ia the charters of the Stock Banks reaui
ring the Treasurer of the State sell the securities
held by such Bank.
No bank ar branch thereof shall give any certii-
cate of deposit. draft, other evidence of debt
which is not payable n specie.
No bank or branch thereof shall pay out the bills
notes of any bank or branch excepting such az il
VIII receive at par in payment OF debts due the
bank.
No bank shall directly or indirectly loan its bills
on notes Tor circulation to any person. persons or
corporation under any agreement or Understanding
that such person persons or corporation shall pro-
tect guarantee the circulation of such uy other
bills or notes issued by the banks or redeem the
same when payment has been demanded.
This act shall commence and be in force from and
after the first day Of April, 1859.