Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1860-11-14
VaOsRsSa Oy THr REYOEuTIOE IN SOUTH
CAROLINA.
Proceedings ofthe Legislature.
OTHER REVOLUTIONARY DEMONSTRATIONS.
uoIrsr m REPRESENTATIVES,.

|
day was read.
The Speaker announced the receipt Of the following
communication;
To e Honorable ke Speaker and Members Of the House
| of Representatives.
herewith resign the appointment Of United States Sc
nator from South Carolina.
Mr. DESAussuRE from the Committee Ways and
Means made report bill to postpone the operation
of an act entitled an act for the suspension OF certain
tons Of an Act, ratified 2lst December, 1857.
Mr.. DKSAUssURE asked for It's immediate consdera-
ton.
The bill has three clauses first clause is to suspend the
Act Of 1857 which requires the Banks TO have onethd
gold and silver in its treasury for twohirds its issue
The second clause proposes that the penalty involved by
the Act of 1910 be suspended till 1862 and the other
clause the suspension Of the Act Of 1852 which forbds
Banks from paving from their counters the bills oil
other Banks To the Committee il appeared wise and
discreet measure, and desired by the community to
have as much facility as possible, and the Committee
deemed il carrying out the revolutionary spirit Of the
State They felt in thus giving the Banks this facility
they were assisting the present movement They there
fore agreed with singular unanmiy They proposed two
additional amendments adding still security.
Mr.. Thompson hoped the gentleman from Spartanburg
would withdraw any opposition to this bill and merely
to delay it in order to have il printed He thought it
should 90 forwVrd and in favor of clause of it
even there revolutionary times at all 1t had al
appeared TO him that every fall about the month OF
/ II.
this question of three had operated loss the
planters of half cent pound upon cotton for the three
years To get repeal Of that Act late session he had
acted the part OF lobby member. He then begged his
friends suspend it. and it suspended, cotton
would have gone down two cents. He hoped the bill
would pass Immediately.
Mr. Mullins said was the part Of wisdom for the Lee
gsature do whatever could to relieve any pressure
that might be felt He thought if there 70 be any
relief from the pecunary distress which might occur TO
| frO amendment
seemed precisely that which absolutely necessary
In 1887 there some Banks that did suspend others
did not Unless that restriction taken OIL the
suspended Banks would be precluded from taking the
noes OF any of the other Banks, Those notes being
good aud the nOn-suspended Banks being willing TO
take the notes of the other Banks il policy
make these notes current in the Of revolution
He would therefore, simply allow those Banks that do
not suspend 10 take those notes. For bis part he hoped
there would be suspension in the State and the best
TO arrest prevent suspension 70 allow the
Banks to take each others notes aud pay them out from
their counters We should show the Banks that have
disposition to Cypress them; that they will act with
enlarged hberaty. And let the Banks, acting In the
spirit of patriotism support each other and sustain the
financial credit of the State. IL suggested by
70 repeal that restriction altogether. He voted for the
policy originally and he intended to main tain that poll
cy when the country restored TO peace and quiet
The prudence and honesty requires TO pre-
vent anything that may have a disastrous effect.
! Mr. COFFIN next addressed the House:
Nr Speaker: have received letters from highly re-
spectacle gentlemen urging the necessity OF prompt
ton iu relief Of the Banks The expresses were daily
bringing their bills from all the surrounding States and
demands for specie were daily made. This movement
increased by the conviction that this State did in
tend to secede from the Union Their could
be matured in time to meet these urgent demands
The usual weekly settlements of the various Banks
also causes of annoyance each other the balances
due each settled in specie whereas if this bill
was passed, 10 such demands would likely be made,
the bills of bank could be paid the Of
another Bank without suffering the legal penalty.
In 1857 the pressure remained until a similar bill
passed TIE prices Of the agricultural products Of the
State forced down; Cotton fell from II TO and
cents and during the past week the prices Of Rice
fell IA to cent, and Cotton over J cent per pound.
Let these restrictions be removed aud the produce Of
the State will off at fair rates the commercial COM
munity will be relieved and probably the suspension Of
specie payments by the Banks will be avoided. trust
then, Mr. Speaker, my colleague will withdraw his
ton.
Mr. TRENHOLM obtained the floor for an explanation
The first section of the bill provides for the suspension
OF the operation Of the Act OF 1852 That Act
pended the last session of the Legislature until Janu.
AIRY stl SCI. The first section ofths bill proposes
tinue that suspension until the LIST OF January 1862
The Ac, which suspended requires the Banks oy6e
specie the extent OF dollar to every three of their
circulation, and the effect of this suspension is simply
dispense with that provision. The second clause of the
bill suspeDds the operation OF the seventh section Of the
ass q 81 sapeSsion TIE motion to suspend till 1852 is
10 give the Banks much relief rs they would derive
from their knowledge that the Legislature will not
qure so much to keep themselves in position that
may render ii perfectly certain, but permit them 10 do
their business with much berslity that they
may accommodate the community.
The third section provides relief iOm that
which prohibits the banks from paying the bills OF
another bank Il found in 1857 that the operation
Of this law extremely injurious, aud that if
pended aud another not that the suspended banks re-
ceived deposit anoihers bills which it was prohibited
/ from paying cut again.
The bill having been read a second time was passed
| and sent 10 the Senate.
Mr. StMoSroN. pursuant to notice. introduced bill to
provide police in relation 10 persons coming from States
hostile to the institutions Of the South
The bill received is first reading and was referred to
the Committee on the Judiciary.
! Nc WHALEY said he held in his hands a resolution
which he certain would meet a cordial response
from every member Of this assembly. 1t was as fol-
lows:
! Resolved That the resignation of the Honorable Jas
Chestnut of the U. Senators from South Care
Ina be accepted and that what under any other cir
cums,ances, would have bsen regarded with regret
nov recognized as an act of loyalty to the State Of
| South Carolina.
Unanimously adopted and sent to the Senate for con-
currence
Mr.. Cunningham moved to proceed to the general Or
ders With view to take up bill 70 arm the State He
thougdit important that the bill should get reading in
the Senate to-day t1ey Wish TO facilitate the business be-
fore the House. At the request OF Mr. Aldrch the mo-
ton Withdrawn TO permit a report to be made from
the Committee on Federal Relations. Mr.. Aljrch thea
presented the report The report recommends an amend
meut to the Senate Bill for the call Of a Convention
naming the 9Th day Of December the time for the
election of delegates instead Of the 9th of January and
the l7th Of December as the time for meeting Instead
of the 10th Of January named in the Senate bill
Mr.. w. Q. Black said he exceedingly sorry to op-
pose the amendment He was perfectly willing to vote
for the Convention TO 20 with the State and when she
goes to 60 far the arhest But could agree
to the amendment proposed by the House Committee to
the Senate Bill and hoped the House would not accept
the amendment Il absolutely necessary that those
who represented large districts the people of which we're
not thoroughly posted up the events transping
around them, that should have time to canvass those dis
rcts, and bring the people up to the point If they
shortened the time they would have no opportunity to
that aud the consequences might be- thag those people
would occupy false position II essentially neces
sy the district be represented that the amendment
should not prevail He exceedingly anxious there
FORE that the time should not be changed II they were
preeipate they might depend upon it. his district would
sustain the action of the House He therefore, NOV
ed that the question be taken up by ayes aud nays
Mr.. THOMSON regretted to see his young friends n
such hot haste In 1881 he acted with those who acted
against separate State secession.
MATTERS AT TIE CAPITAL
COLUMBIA, November 20.-huch indignation is ex
pressed here at the false and misrepresentation
IN Charleston OF the Opinons Of various members of
delegation the question OF separate State action
They are all in favor OF our State taking the lead
warm discussion is anticipated on the Senate BILL
Mr.. YEYDOS will move to change the time for the eec
ton and assembling Of the Convention, and make the
election coming off on the goth or 22nd Of November