The citizen. (Honesdale, Pa.) 1908-1914, 1912-10-11
LIST OF HOLIDAYS OBSERVED
BY BANKS
Scranton Clearing House Manager
Gives Law on Columbus Day
Rules Governing Paper.

Columbus Day, saturday OF this
week, will be a legal holiday under
|the laws of Pennsylvania, and as
such will be observed by the banks
|of the state. Because of the con-
Fusion that has arisen in business
fircles as to whether or not the day
6s a legal holiday, w. w. McCul-
foch, cashier OF the Union National
bank, manager of the Scranton
clearing house, has furnished a copy
|bf the state law covering legal holi-
Hays, and the effect of the legal hol-
days on the banking business. When
columbus Day was first set aside by
the state as holiday, a technically
! n the act invalidated it so far as
the paper held by banks or individ-
balls is concerned, but that techni-
|cality has been remedied by the last
! legislature.
The text OF the state law follows:
'hnd the Clearing House association
has requested that business people
generally preserve the act and be
governed by it in their dealings:
Section l. Be it enacted, ETC., that
he following days and half days,
Ihamely, the first day of January,
commonly called New Years Day;
he twelfth day of February, known
hs Lincoln's birthday; the twenty
second day Of February, known as
Washington's birthday; Good Fri
day; the thirtieth day of May,
known as Memorial Day; the fourth
|pf July, called Independence Day;
he first Monday OF September,
known as Labor Day; the twelfth
pf October, known as Columbus
Day; the first Tuesday after the first
Nonnday of November, election day;
he twenty-fifth day of December,
known as Christmas Day; and every
Saturday, after IL o'clock noon un-
til IL O'Clock midnight, each of
which Saturdays is hereby designat-
ed half holiday; and any day ap-
pointed or recommended by the gov
ernor of the state or the president OF
the United States as day of
thanksgiving or fasting and prayer,
pr other religious observance-shall,
for all purposes whatever as regards
he presenting and giving notice of
he dishonor, or bills OF exchange,
checks, drafts and promissory notes,
made after the passage of this act,
be treated and considered as the first
day of the week, commonly called
Sunday, and as public holidays and
half holidays; and all such bills,
thecks, drafts and notes, otherwise
presentable for acceptance or pay
ment on any of the said days, shall
be deemed to be payable and be pre-
Fentable for acceptance or payment
pm the secular or business day next
succeeding such holiday or half holi-
day; except checks, drafts, bills of
Exchange and promissory notes, pay
Ia a q Ci oh \ l.
would otherwise be payable on any
half holiday Saturday; shall be
deemed to be payable at or before
~ O'Clock noon of such holiday;
provided, however, that for the pur-
pose of protesting or otherwise hold
ing liable any party to any bill or ex-
change, check, draft or promissory
note, and which shall not have been
paid before - o'clock noon of any
Saturday designated a half holiday,
as aforesaid, a demand for accept
ance or payment thereof shall not be
made, and notice OF protest or dis
honor thereof shall not be given un-
til the next succeeding secular or
business day. And porvided, fur
ther, that when any person, firm,
corporation, or company shall, on
.any Saturday designated a half holi-
day, receive for collection any check,
Dill OF exchange, draft or prommis-
sorry note, such person, firm, corpor-
alton or company shall not be deem
ed guilty of any neglect or omission
OF duty, nor incur any liability, in
not presenting for payment or ac-
ceptance or collection such check,
bill of exchange, draft or promissory
note on that day; and provided, fur
ther, that, in constituting this section,
every Saturday, designated a half
holiday shall, until IL o'colck noon,
be deemed a secular or business day;
and the days and half days afore-
said, so designated as holidays and
half holidays, shall be considered as
public holidays and half holidays, for
all purposes whatsoever as regards
the transaction of business; and pro-
Vided further, that nothing herein
contained shall be construed to pre-
vent or invalidate the entry, issu-
ance, service or execution of any
writ, summons, confession of judg-
ment or other legal process whatever,
or any of the holidays or half holi-
days; nor to prevent any bank from
kfeeping its doors open, or transact
ing its business, on any of the said
Datulu udy dlLSIuOOHS, IL Dy d vote OIL
its directors it shall elect to do so.
Sec. 2. Whenever the first day of
yiJanuary, the twelfth day of Febru-
Gary, the twenty-second day of Feb
ruary, the thirtieth day of May, the
fourth day OF July, the twelfth day
/ of October or the twenty-fifth day OF
December shall any of them occur on
Sunday the following day (Monday) }
shall be deemed and declared a pub
lie holiday. All bills of exchange,
checks, drafts or promissory notes,
falling due on any of the Mondays
so observed as holidays, shall be due
and payable on the next succeeding
secular or business day; and all
Mondays so observed as holidays
shall, for all purposes whatever as
regards the presenting for payment
or acceptance, and as regards the
protesting and giving notice of the
dishonor, or bills of exchange
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