Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1896-04-26
TO CLOSE AT NOON SATURDAY.
The Haif-Holiday Law to Go Into
Effect This Week

The Saturday half-holiday law, passed
by the General Assembly at its recent
session, goes into effect May LIST, and
the Clearinghouse Association of Rich
mond, having agreed to accept the pro-
visions of the act the banks represented
in the association will hereafter close on
Saturday at y o'clock.
Under the law. all paper dated on or
after May /, 1886, maturing on a Satur-
day, is payable before u o'clock on such
Saturday; and paper maturing on Sum
days. heretofore payable on the Saturday
preceding may hereafter be paid on the
succeeding Monday.
AS the new law Is one that affects all
persons having business dealings with
the banks, the Dispatch herewith prints
It In full. IT reads:
l. Be it enacted by tho General As
sembly of Virginia, That section 2SH
OF the Code OF Virginia, as amended
and re-enacted by an act entitled an act
to amend section 2SH of the Code of Vir-
ginia, in relation TO public holidays. APP
proved February Is, 1890. as amended
and re-enacted by an act entitled an act
TO amend and re-enact section 2SH Of the
Code of Virginia, as amended and re-
enacted by an act entitled an act to
amend section 2sH OF the Code of Virginia
I'm relation TO public holidays. approved
February 8. 1892, be amended and re-en-
acted so as to read as follows:
Section 2Sf4 The 1st day of February
the 10th day OF January known as Lees
Birthday, the 22d day of February, the
4th day OF July, the first Monday in
September Qknown as Labor-Day), the
25th day OF December. every Saturday
from IL o'clock noon until u o'clock mid
night, each OF which Saturdays is here
by designated a half-holiday, and any
day appointed or recommended by the
Governor OF this State or the President
OF the United States as a day of thanks
giving or Of fasting and prayer or other
religious Observance. shall, for all pur-
poses whatever. as regards the present.
ing for payment or acceptance, and OF
protesting and giving notice of the dis
honor of any bill OF exchange, draft,
check, promissory note, or other neSo-
table instrument made on and after May
l. 1886, he considered and treated as
a Sunday and as public holidays and half
holidays, and all such bills Of exchange,
drafts, checks. promlssory notes, or
other negotiable instruments. otherwise
presentabe for payment or acceptance,
on any OF the said holidays or on Sun
day. shah be deemed TO be payable, and
be presentable for payment or accept
ance on the Secular or business day next
succeeding such holiday or Sunday, or In
case OF a half-holday, be deemed 20 be
payable and presentable for payment or
acceptance at or before IL o'clock noon
Of such half-holiday; provided, however
that for the purpose Of protesting or
otherwise holding liable any party TO any
bin OF exchange. draft, check, promis-
sorry note. or other negotiable instru-
ment. and which shall not have been paid
before u o'clock noon OF any Saturday
designated .half-holiday as aforesaid.
a demand OF payment or acceptance
thereof may be made at any time on Sa-
turday after ~ o'clock noon; and notice
az protest or dshonor thereof may be
Given on the next succeeding secular or
business day, with the like effect as u
n had been given on said Saturday; and.
nroyffsd. further, that when any person,
arm. corporation, or company shall, on
anv Saturday, designated half-holiday.
recaiye for collection any bill OF ex-
change. draft, check. promissory note.
or other negotiable instrument. such
nerson, firm, corporation. or company
shall not be deemed guilty OF any ne
elect or omission OF duty. nor incur any
liability In not presenting for payment or
acceptance or collecting such bili OF ex-
change. draft check. promlssory nots.