The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1860-11-22
ing notes to greater amount than three
times their specie on hand -'.'s - -.

ing notes to greater amount than three
times their specie on hand. '.,'' a. 80. - 80
Mr. W. Il. DeSaussurc also explained
the provisions of the bill and the amend
ments. They suspended that section OF
the act Of 1857 which required the Banks
to have one third of gold and silver i in.its its
vaults for the two-thirds in CIRCULATION,
and that portion of the act of '52 which
forbds the banks paying out the bills of
other banks. It was a wise measure in
these revolutionary times, and, therefore,
tho Committc had reported it with singu-
lar unanimity. '-se1 .'s sNAgi r.
Mr. Thompson hoped the gentleman
would Withdraw his opposition. If the
House, delayed to print the bill it would
not be passed for some time. '-,s~ili.fi'
Mr. Mullins desired to place the banks
in q position to relieve the citizens of any
cmbarrassmcnts which tho action Of the
State. might possibly bring upon them.
The measure before them would inspire
confidence, and would tend tolprevcntEa
suspension. - - -. ~ .l.,. -, -
Nh Pope concurrod in the desire tohavc
the bill postponed and printed haa rais
Mr. Coffin h;ld received letters from the
heads of banks urging this action. His
business was with selling the produce Of
the. State, and 1857, whom the banks were
trying to maintain specie payments, the
result was that the value of the agricultu-
raj products was greatly deprecated.
When the banks were relieved from the
penalty placed upon them the value of
these products was greatly increased
Tie banks were now again endeavoring
to keep up specie payments, and relief
was absolutely necessary. ~. -. - -, -
Mr.. Pope had some conversation with
Il member of The Committee, and, upon
his representation, did not think the oper-
alton of the bill wouldbc disastrous many
way and therefore, he would vote for it.
Mr.. Cunningham, not understanding the
bill, was desirous to delay but the bill be-
ing again explained by Mr.. Trenholm. he
Withdrew his objectionswllcn the. bill was
read second timo-and sent to the Sen
ate.
Mr.. Simonton then introduced his bill.
to provide police for persons coming
from States hostile to the institutions Of
tic South which was read u first time
and referred to the Committee on the Ju-
dietary. re
It provides that every white male res
ident of States where slavery is prohibit
ed, shall within twcnty-four hours after
their arrival in this State, if it is their in
tcnton to remain three daysor longer, re-
nort their arrival to a magistrate, in writ
ing, setting forth the States from which
they come, their names, occupations, their
residences, and their objects, and fixing
penalties for all cases of noncompliance
Mr.. William Whalcy.-I hold in my
hand u resolution which L suppose will
meet cordial response from every mcm-
Der of this House. 1t is as follows
Resolred, That the resignation Of Hon.
James Chestnut, as one Of the Senators
from the State of South Carolina, be ac-
cepted; and that what, under other cir
cumstancos, would be regarded as mat
ter of regret, is now recognized as an act
of loyalty and devotion to the sovereignty
of the State of South Carolina
The resolution was adoptedunanimous-
ly. ....a-. .,...
Mr.. Aldricl, from the Committee OIL
Federal Relations, to whom was referred
the Senate bill for calling Convention, of
the people, reported the same back with
amendments providing that the election.
shall take place on the 9th of December
next, and that the convention shall meet
ON the 18th Of the same month, and with
the recommendation that it do pass.
The question being on tho amendments.
u Mr.. Black said he was willing togo for
the Convention and with the State, but.
lie was unwilling to make the change5in in.
/, the timo for the election Of delegates and
the meeting Of the Convention. lie pre- pre-
ferred the Senate bill, for it afforded those
who represented the back 1Districtstin
to 90 before their constituents'and inform
them of the necessity of the step they
were about to take. If they had not that
time, lie was afraid they woud send dele delc
gates opposed to going out of the Union
lie represcnted:a District that had never
been behind in the defence of their coun-