Adjournment Of Legislature

The legislature of this State adjourned, April 14, at three o'clock in the morning, after a session of nearly three months and a half, or nearly one third of the year. During the session, they have passed several important laws, among which are the two thirds appraisal act, (so called,) and an act granting to the banks the privilege of suspending specie payment until required to resume by the Legislature. Suspension acts have also been passed, we believe, by most of the State Legislatures in the South and West. It is an act of stern necessity. There is such an utter filling away of all confidence in banks in the Western and Southern sections of the union, that it is impossible for a bank to keep out any considerable amount of circulation, and at the same time be liable to redeem it at sight. Our Legislature has authorized the issue of a certain amount of state scrip redeemable by the state treasury. This will add somewhat to the amount of circulating currency among us, and will probably be received with greater confidence than the bank paper already in circulation.