RANKIN COUNTY CIRCUIT


COURT.
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BANK DECISION The Circuit Court
for Rankin county terminated its session
on the 18th inst.


The Gallon Law as it is popularity
known was fully sustained BY the action
and decisions Of the court. Judge Mich"
olson acted with great firmness and be-
coming respect for the laws. But the
most important and to the community by
far the most interesting decision of the
court was one in relation to the collection
Of money by the broken and usurious
banking companies in this state. The
case came up upon claim Of the Vicks.
burg Water Works Bank. V. E. How-
ard, w. Yerger, & j. G. Mitchell Esqrs.
for the defendants and Judge Rob Huges
for the bank. The bank had loaned de-
preciated paper and the court decided on
demurrer to the plea that it was usurious
and entirely avoided the contract. 1t
was also decided by the court upon plea
that when an Incorporated Banking COM
pany had omitted to perform all the acts
required by its charter previous to its 60.
ing into existence, that it was incorpora.
ton and all acts done under it are void.
1t was further decided that the plea of
Nul tel corporation was good plea.


The decision Of the court in the above
stated case must be regarded as Of high
importance-ift the court below shall be
sustained, as it is believed il will, by the
High Court Of Errors, and Appeals, then
the fate Of the Union Bank and all the
other shaving shops in the state will be
finally settled; no collection can be en-.
forced and their paper OF course will be.
come worse tl.an worthless. There is no
doubt but the decision Of Judge Nicholson
is clearly the law Of the and.--Miss'pa.


FORESTS Mem Play A new drama, Of
thrilling power, called "Aylmere," has
been written for Mr.. Forrest, founded on
the history Of Jack Cade, the leader of
the Kentiah rebellion In England. The
first representation Of this tragedy in the
Park Theatre, was hailed with immense
reclamation.