New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1886-04-07
THE HALF HOLIDAY BILL.
PROPOSED AND ADOPTED
sOoD HOPE OF ITS BECOMING 4 LAw-sATURDAY
To De BANK HOLIDAY.


number of hank nOtaries who have given some
time to tho examination OF Il ker Hnsted's half
holiday bill met yesterday, a, ,te office OF 4. r.
OlcOtt secretary of the Halt-ioliday Committee of
One Hundred, and discussed the .nea. ure. There
were present men from the following banks: State
of New York, Manhattan Company, New-iork lm
porters and Traders, Merchants Exchange. City,
ami National Citizens. They all expressed them
selves in favor of the proposed REFORM but Thought
that tue bill contained some serious defects, the
most serious being the section which requires int
all paper falling due on Saturday must be pre-
sented before - o'clock. This, 1t was asserted,
would cause such an enormous volume OF business
on saturday mornings that it would be impossible
TO transact it within two hours. 10 remedy this
certain changes were made which practically make
Saturday, so far regards the presenalon OF Com
mercial paper an entire holiday. Bills OF exchange
bank checks and promissOry notes 1aIIlng que on
Saturday will be able on the day before ana as
all paper OF this KIND maturing on SUNDAY is que Oh
the last day OF the week this will render both sat
urday and Sunday notes payable on Friday. Ihe
bill as amended is AS follows:
Section !. sesio i of Chapter 81 of the Laws of
eighteen hundred aud seventy FIVE entitled as amended
by Chapter 80 o. the Laws of eighteen hundred and
observed In the acceptance and payment OF bills OF
e1cnsnse bank checks and Prom,s"ry nqte So, aG
amended TO read as follows:
The follow days and hafd namely The
the dav Of February Washingtons Birth ay
h CAY may as Dsy h & y
be- known chstmas Day any general r eeeon Gay IN
the until II o'clock az mdnish am any day ap:
Ia
tie PTescent Of the States day of THANKSGIVING
OF astng or yer Or other soas sh S
oil and the pr testing or giving noor OF the
bills OF exchange bank Chez and promssoiy notes .uo
hrst day week sunday puollc HOLIDAYS
or hal hoays and all such bills, checks sII notes Other
shall be esed be payment
on ne or DAY 9gn sacu shall
considered as the brst das OF the week common eae sun
regards the TRANSACTION Of business In the
public OF this state counties OF this STATE ON oil
e secular days or hall DAYS such Offices shall Dc Kept open
for the tran action OF business
Section . shall not be necessary to present any
sight demand bill OF exchange or cheek Tor payen
or 20 present any oil OF exchange tor acceptance on
Saturday.
Section g. This ACT shall take effect the Sd day of
July. 1856.
The addition of Section 3 to prevent the
bill in case il becomes "A law, from interfering TOO
much with outstanding obligations, which woulu
be the case should il take effect immediately, as
proposed by Mr.. Hustled. 1t IS understood tuat IL
The bill passes and is signed by the Governor the
banks will endeavOr to transact all the business
possible Saturday mornings. he bill as amend
ed will be submitted 10 several bank presidents
after which subcommittee Will 90 10 Albany 10
urre its passage Mr. Olcott says he does not tlllhk
there will be any opposition to the bill as II now
reads. The original measure has been laVoraoly
reported by The Judiciary Committee and read q
second time, and he thinks the amendment VIII
ender IT unObectiOnable.
A letter was read from W. A. Camp, manager of
the Clearing House, expressing regret that lie was
unable to attend the conference and sympathy Win
the haf-boliday movement.
The half-nolday movement is gaining ground
every day. Several of tho large publishing houses
have already decided to adopt II. Atkln trout
printers OF Nos. III and Is Chambers-st, told their
employees last week that hereafter no work MIL he
done on Saturday afternoons. he retail shoe
dealers of the West Side close their stores ut
p H.. the result of the organization OF their en-
plOyeS.