11 titurrAii 'AIM P11,14111111D liT } 9, S. SEE Y& J. S. : ARNIiART. , • X —,- r - Terfas Pitb TERMS :--sl,6oete If paid within three months • 52,00 if diayed ii months, end $2,50 if not paid wlthin the year. Three, tettne will be rigidly ad hered to. ADVERTISEMENTS and Business Nvtiods Insert ed et the areal rates, andevery description of • JOB PRINTING 3XEOUTED In the aeateet manner, at the,lowest ricer', and with the utart denpntoh Having ,Wiurohased a large colleotion of type) we are pre pered to nallsty the order+ Of our friends NiusinesstPirettorg ! E. J. itoticmAN, SURVEYOR AND u(IN VEVA NICER lINLIKFUNTE:PMNPOA BE4IIIW, ATTORNEY AT LAIN 1110,(.11PORTS, PA (Mee in the Arcady, second (hoar isr m'ALLtsrien JAII A 4 ?sAWMI WA LidiViritli lk BEAll'Erl, AITOHNEYS AT LAW; nv,t,icrorrz,PENFl'A. L. J. CHAN., ‘TTORNEY AT LAW AND' REAL EN,TATE AGENT I CI, 11► INT" 2.11[41111 1 .1!kD CO , Pr" JAMEIII. 111AMM, ATTOR EY AT LAW, ast.ricroara, reare• Office, on the Diamond, one door west of the ?ma. Otte() J. 1 AUKIIIISILL, ATTORNEY AT JAW 8111.1.11,P0NT1, eItIITIIR CO , PA ()Moo with It (I Durban], BEI , on Allegheny Iron( Fab 23-'BV 11 - EVEN . /11, I.A.NCIIARD, A 'ITO P.N P.Y AT LAW. 111S1.1.1FONTR, l'greNTA. •Atwo r,rtually ooeur:01 by the lion. Jernen Burn hide ITELEEMEI ,LINK & u MORN. ATTORNEY'S AT LAW • 011ic• • on Allegany street In thn building for merly occupied by ILIUM, McAllister, Hale A Co , Bunkers A DI II KO I' PtioTointAPHS A DAOUFP ItBOTY Token duly (exempt Sundar) from a •.10 to 6 r r. BY J. H BA tNllAltr, Tn hiq a plendld Saloon, in the Aronde Building, flellefunte Penn's J. AM.E.VD*7. IIANICEN. LYCJIMINU COUNTY MUTUAL INSURANCE COMPANY, RoCK CENTRIC CO., PA S•Ltembe+ XUA C. DICIVIC6I.II, ATTORNEY £T LAW, 1119.131 1 PONTE ICNN A., Will continue the praetioe dies proframion, In the Aloe heieleture or:envied by Men, end will attend prmilpily uul faithluily to all buelitena entreated hint IQARTIM 141 . 01111., AUCTIONEER, lIKI LKFoNTR, fICNY'A Will Attend to all buthoote in hL ?toe with nuoetuellty Office at hie Store on Allllole'ly DR. G. L. POTTER, PHYSICIAN k SUIMEON ORLLEIONYR, CIIPITN• CIA , FA, Office on High Street (nld ultra I Will attcnd to I.t , prommunal cull, as h era Worn, and rump( et fully ,ffers his son ices to his fp.u.lll mid the public Os. J. U. tiIiTcHELE. & MAW BUN, 011,1,1.1110:11/11, , KNTIIR CO , PA ‘A , 111 attend to Professional emit- as heretofore, he respectfully effete Lis services In Mu fn. ride and 'tin roblie Office Best door to his reside nee on Spring street llct 21 f'l If J• D. WIMIJATE. RltaillENT DENTIST Office and residence on the North Nut Corner 'Jr the Diamond, near the Court House - . U r a 1 i" Wlii be found at hie oftlae except two week! n each month, commencing on the first Monde) os We month,when h will be twa ailing professional .uric■ wn P In*('7lAPL• ATTORNEY AT LAW, BILI.LICPONTE, PA. Professional busineu will receive prompt. atten lion CoHoodoos mule In Centre, Clinton and i tlearlielsl counties. Office on Allegheny street In the building for morly or:euphony Linn k 'Wilson. BANKING MOOSE, WM. F. REYNOLDS CO.,* USLI.SFONTH, CliNTltg CO., PA Bills of exchange and Nuns& dic , •o , •ct-d • 'eotlone made and prooeede promptly remitted Lotereet paid on epotnal doposite Exchange in the naetorn oldies oonetantly Ina hand fur sale. Depoo to reeelvea C 11U1111a. C. M. J T lIALS :A. (I cIiST 11l • DEPOSIT BAND, lIUMES, MoALLISTER4- HALE & CO. esta.srosts, clurrits Co., PA _peposzte Received—Bills of Biasing. and Notes alteounted—lnterest Paid on Special Deposits— Collections Merle, and Proceeds Remitted Prompt - .R.rottange on the East eonstently on hand• J. 11. STOVES, kTTDRNEY AND COUNSELLOR AT LAW. naanrcerrs, rawe'•• • hla professio e n Mahe metre! Courts of tlentlre Courit t y, All business intrusted to him will be feltAtiblly *Mended to. Particular attention pajii to colleotiona, and all mooing promptly re. mated. Can be coneultmi In the Oerman as well as in the English language. Ofdae en High it., formerly oeoupled by Judge urnside and D. 0 Dual, Eeq. B. P. GRIMM, DRUGGIST. , BELLIPONTII, WHOLIIIIALS 1.3111R111,A1l DII•LIIR IN Drugs, Medialnes, Perfumery, Paints, 01Is, Var. Moho., Tlye.Eitulfs, Toilet Beam Bridles, Hair and Tooth Brushes, Fumy and,Tollet *Moles, Trords end Shoulder Brume. Garden Seeds. Customers will find my it ook complete and trash, and all sold at moderate prices. [ .'Farmers and Physicians om the country • netted to examine my stook. OffAIM'S 111 num. HALE dr HOY, ATTORNEYS AT LAW, I.IINIeA, Will attend promptly to nil business entrusted tltliir oars. Offlao,in tho bujlding formerly °oh Pled by Hon. Jas. T.Uslo A C7ALLD. Messrs HAILS & Hos will attend to my business 41 , 0 11Sgmy &Wanes 14 Congress, and will be ss s Need by ane in Shia Wale( all 0111111111.041.111A1d to tbga . . , JAMBS T llnss. D#Sntber /5, 18s9. MI THE GEEEHELL BANKING LAW, AR" FINALLY PARSED BY pont OP Tilt STATE I , FOIRIATUIig." 'ho amendments of the State fi nate to the fieneral Banking Law, having ret v con curred in by the Muse, it has pasiied foul ly both branches of the Stale Lettislature, and is now in the Minds or the Clovcirnori- It is generally, supposed that the bill will receive his section, and *no Leeman law of the fit^teioiiiragive'lielovi on abstract or its provisions • .BFt-tscri,,l. Bed snarled bg the Senate and Rouse of: bleyreleidatives of the Com monwealth if Pennvyb aniti, in Genoa( As sembly met, and is hereby enacted by the authority of the Nine, - That r.nr7 number of persons, not less than five, partnership or association, in pursuance or this act, inny establish banks of discount, depo,dt and cii oulation„ subject to the term •, conditions, contingencies, restrictions and liabilities hereinafter presorib-,11, but the capital of 110 bank establishment under the provisions of this act shaaexceed one million of dollars, or be less t fifty thousand dollars. Sec. That whenever any smelt partnership or neancintion of citizens desire to establish a hank, or increase its capital, they' shall make a certificate, to be hereinafter proton i bed, under pie or their hands, and seals, and shall cause a notice of the same ti advertised for at least six 'mon ths ut at It .01 three newspapers, one published at the seat of I , ot-cement of the .tatc, and the other in the city or county where such bank is to lie located, one of which shall be in tlce German langurtga, if such newspaper is published, which certificate, after 'lnc notice of the earns shall be published as aforesaid, shall be submitted to and ex :mired by the Attorney -General of the Commonwealth, and by him certified to be properly drawn and Flood, and that the notice of the same 11119 been duly and correctly advertised arrord in to and that the certificate an I the published notice is in conformity n ith the illonstitution and the lawns of the Common veealth,Ofor which Oroico the Attorney-Gen eral shall he entitled to a fee of five dollars. I= 1. Tho names of such Tarpons, Farther ship or aaeociation, and the name and rf.4l • Afliady at- mu) pdittaiuskw. or association. 2. The place of business, designating the city, town of ... tillage, and the county where the contemplated bank is to be loented, and which location shall not lie changed without the consent of the Auditor General after nix months' public notice 3. The amount of capital stock of such an association, the number of shay, s into which thn some 1 , 631 be divided, trigetli'ur with ally ,:ontemplated increase of capital stock. 4. The names and places of residenee.of the sh,preliolders, and the nunsher of sham held by each of them rc , spect i Sri'. 3. Provides for a proper method of retarding the certificate tier. reforrisiln. St.-. 4 Provides foc the continuance of the operations of the hank for t's"ntuears,' empowers it to transact the general businae . :. of banking, the collection of its delotA, That it shall he the duty of the MI I for General to report annually to the Leyie 'attire, within three days from the eoni , teencement of the session, a seminary of the state and condition of every incorporated hank or banking institution, c u d every pli ! %ate bank from which reports have been re. cited for the proceeding ) car, at the ore oral dates to which such reports refer, Sc. I Sac. ti,lhwe any inereassi of capital, al teration or addition shall to advertised, as provided for in the 2d section of this act, for six months, and then be submitted to the stockholders at a general meeting called for that purpose, and by them approved and further, any such increase of capital, alteration or addition shall also be approved 17 the Alnlifitr_ ilenevilo; = 4l -t-r. by the cams, shall be attested arid recorded, and pnblished, as provided in the- original formation of skid bank. Sac. 7. That the Auditor General of this , Commonwealth shall cause to be engraved and printed, in the best manner, to guard againsteoenterfeiting, such quantity of cir culating notes in blank of different denom inations, net less than five dollars, each of which is authorized to be issood by the banks, of this Commonwealth incorporated under this id, as be may deem necessary, from time to time, to carry into effect the -provision, of this not ; said notes shall be countersigned by the Auditoddilmeeral or a clerk appointed by hitn,for that purpose. numbered and 'registered in his office, in manner as directed' by him, in a book kept, for the purpolle, and all notes issued by him shall bo uniform, and they shall have stamp ed on thorn, secured by the deposit of public, s took. t se. fi. The plates, dies, and materials to be procured by the Auditor General, for the printing and packing of such bills or n?tee fur circulation, shall remain in his custody and under his direction, and the expenses necessarily inourrot in executing the pro vieipos of this act shalt be audited by the Auditor General, and p&id out.qf the treas ury on his written order, and for the par-, 'pose of reirnbursiqg the same the Auditor General is hereby;authorised and required to charge againei , and waive from each bank or banking association applying far such notes for circulation such rats per con tain thereon as will repay- the- iraperoes-se— cesearily interred, as berme directed. EITI:EiI BELLE 1). Provides that the Auditor Gener al, with the approval of the Governor, shall devise a seal with-a scitahlo inscription, for this braindi,,,4 Sec. 10. 'putt oatablished under this act, tipoti legally assigning; to and depositing with -the Auditor Oeneral the bonds or evi dences of fight of this Commoritionith, or of the flMted States, shall be cult i tied to ri:e3iv.e 11111;i111111t of such eirculating notes, i !dank of the denominations such as 'they may re quire, tioniberd, rrgint:..rp(l, 4 4 etoro4ghad and stototoxi ns islinrein pl‘ovitted for, the bong, and stock'!" to be ttik7e at tit o per een turn less than their market cnlu., ; That the same is not atsne par Sic. 11. Provides that the Auditor Gen eral may, tot hin discretion, exchange such kin& or acid .neon of debt, or any of thorn, on reaming other approved Londe or nal ilnrinen of debt of this Commonwealth, or of the Lnited Staten, of equal amount, re e. Sic 12. Provides that the bank or bank ing associatio: , :ranoft•rriag boucle nr evi dences of debt to the Auditor General, may receive the inturfat that writes thereon, unTeits . irn'intie' in p4rng 'OW bilk or notes to bn counteraikmed no afttre maul, ur miles,' the bonds or evidences of debt no pledged shall bc,iume I !millet! tot se curity for the yinym-tit of such 1 tlle or note.' And it further pi-moles for ,rtaritimltul ala:ition of said Dublin otoeos, that if they doelioe no low in market value no to be lin able to eeetno noteholdern, the banks may he -nolp&II'd In give further security. SE.. 1. , hat the affair, of e‘ory bee ni , 411 lie itt-nalted by not long (Into fire nor nail; than J 1, - en directors, nod they shell choose one of their nity - .IJ - , on president of the Lank. Fiery director nhall be a citizen of this (•ommorincalth root, director shrill own, in his own name and right, at leant one per cent nr the capital *meek of the bank, op to two Itoodr,l thoanatul , tbillnrs. and the half ol tine per reel. On itr, capital steak 0:--r two ed toolinanil dollar, • each director shall take n all. thnt he will so far as the dot! 011 111111, dill gently and honestly ocitiolinter the affairs of the bank, and not knot,ing4 e; permit to Inr Nio no) pi the wotisions of thin net and tlisit Ire is thebo na Cr (7;;;41,17i1M L ("1 - ‘7rii mending in hin name the bookm of the honk, and that (lie same in not li‘pothecat ed, or in tiny oay pledged an security for any loan obtained or 'debt tinting wlo,lr oath nitlinerilied to by hile,elf, mid certified by thy .firer lot f.ul Wll. taken, -hall lie filed and J•nrefrilly pr" , Jerted in the .thee of the r, J. rder k leeti pi lII' 0.1110 . 1 ill w h ich the 1..1.1, is located ; lint no person shall le , tire.dtletit,' ^ashier, or director, or either, of iirJre than uric hank :it the E.lll/0 time. 1.41 I I il. , lrtie diret , rs of any bank first nested ii 1H hoid their p'a , e held the first :11titiil 13 in .\ ot . 14 r tie t thereafter. arid 11,111 their ql1qt . 1•14•••,IS 111¢11 110 elected nnil goal died. All solve ,litetat eleetions "eliall he held annually, upon tl:o first Nina - tiny in Sot e . nr - "Ther, and the dar,fllll-1 to rlvr trd 011111 hold their tilitetiii for one !oar, wad until their aueeem.sora ,are :elected arid qualified; but any direetin: reverting from the State,..or ceasing to lie owner of the re qnisite amount of stock, shall thereby vneate has pine°. Any vacancy in the hoard shall be'filled by appointment by the remaining diteetAirs.:l;ke direelor appointed shall hold his pito until the neat annual election and if, from aril cause, an. election of direc tors should not be made at the time appoint ed, the bank slid!! not Mr that rouse he die eola ed, but an eleetior may he bald on any !subsequent day, thirty days' notice thereof, hating been given 4n n newspaper printed in the County where the hank in located. S. 15. Tluti in all elections for direc tors., and in deciding_all tins.stions at met inge of the stockholders, each share shall entitle the holder thereof to one vote.— Stockholders may vote by proxy, duly tut tharited in writing, if dated within thirty dart; but no officer, clerk, teller or book keeper of the bank, Oxen act as proxy, and no : stockholder, whose liability to the bank is past duo and unpaid, shall he allowed to vote. Sec. 11. That no batik shalj he permitted to ooirimenoe to carry on the business of banking under this act unless e t least twon ty per centun of the capital stock of such bank shall-be paid in gold mid silver coin orbullion, and shall be in the actual posses sion and bona fide the property of the bank at the time of its commencement of its bank-' ing business, and at the place designated for carrying on such business. Sec. 17. That the capital stock of each bank shall be divided into shares of fifty defers each, and shall be assignable on the books of the bank in such a manner as the by-laws 4811 prescribe ;41ht no, sharchulcfer shall have power to sell or, trenufet any shares held in his own right,.ea long as he shall.be liable either as principal debtor, surety of otherwise, to the bank for any debt that is overduomnd unpaid, be entitled to receive any dividend, interest or profit on such sharer so, long as such liabilities shall continue ; ,but all Admit dividends, in, teresis, or mops shall be retained by the• hank antrappliod to the disoharge of snob liabilities. 81c. 18. That if any shareholder or as • shall tsiii tootayany.iostapment on his stook, when the same shall be' required -1•-• E, CE to hr paid, the.bank may VW such stook-st, 11111,14)1141;61m, having giviikt three rrelic! 1 ., pret3intin notice thereof, in n newspitper., in the count •,r'w! ere the b it is !milted, if two ere publi.hed, and if t are bidder pub lished, thunju one, t&Tlle hen the same, tuut'the excess. , i tp any, hfter pay ing the eenses of thong, ihnll he refund ed to the delinquent stock der. I 4 5.41. 19. Tlint if an; ha nuthorizedlty the provisinnamf thiti act, 'halt refuse to pay its Notes of tfirettytt.nri any of them, i 't -.. g01d 'or sill erectir?llli awful, currency Of the United :•11.1?r,' Sit Itich' payment shell be lriwfully demand ntr his banking house or customary place c doing banking IrliFillP.A, during usual 1 ing hours, the liolde.-A of 14111"11 prOle4l#ll ,^ 3 jony swims the ennie ti, he protested fkee non-payment I :,. a notary public, under Cs efficinl seal, in the nentil manner, and the Auditor lieu ernl, on rreciving and Mitts in his office slicii protest, shahforthwita give notice in writing, to the maker of surit note or notes, to pay the same, and if thee Wage to pny the same with interest, ealguipd py?test, rir(tiretitMrs.iltirliFie, the A'u: Meer (leneral xhall thewtt declare such bank to have committed an tint of insolven I Svc. 20. That the Audity General npcn receiving relial,do information that any limit; has committed an act of Maul% ency, shall forthwith appoint a committee of three judi cious and discreet citizens of this common tiealth, who shall motile live dollars per day each, and their travelling and neircksary expanses, all of which to b 4 panthty said hank, who shall make immediate inquiry into the truth of such inforrnetion rind report , thereon tr, the Auditor Genihtl of the Com -111011Wea:th, and if- the esidtrimmittee or a nie iori ty of them shall repot. that such bank tr.ts snspencled of ICte notes in gold and silver, he shall forthwith nppoint n suit a hie re , ei‘er, who shall take immediate pos session of the books, record*, money, chose. .n nation nod property at such hunk, of ev descrirtioo: including the securities de r ...aiteri with Auditor Geneaal, and hold the Rat nor the joint use of the creditors of the hirtiog bank . the compermalhen of suet) rr rot,r r snail I. tiirc r day each. ';;;;T - GrtTarininn cry eipinini, Ut :,•• pub' by said bank whose assets he is tip , l/ti .1 1.. Int I` p nissessum o f SKr 21 1 hat 111 K hppoinfed 1,1 ,r; 1; ) t roquir.l I 1,1 I. I 1.1 14111/1 1.1 - 1141 ct, II stir ne the Wl(lii ., rni And (..jrertl Fall •ii 0111 '01101 , 40 „old 1111 , 11 . r the iii r 0 .11,1 d‘lidit , .r Gnirial shall pro •I to ',Milo uh the nl',ui• of ,101) Lank and shall e”nvert nits, tn 'spy all ifs ao.s.aq, of e‘ory khid soiti f hr leivk P.^ - vilple delay. Thu mnnre on made shall la appliod I To pay all the I. aLiI lira on acetaint of the • Itotes of eirettlation to nay the wattle nn demand, rll,ll net a‘alti n Kum atlfficient to mart all the anal note , outstanding 2. Then to pay all the deposits of the Itilt :i. T., Idd l . pilrllll l lll 1111 d mr, ll 'llllTrell Of all the remaining bunk. 4. And the renidue ghnll i.e divided , ari.r ir.g the plockholdern of the hank lir proportion to the 10.04( hy them rexpee tirely held. ' :lee. 22. That it shall be the duty of the eanhier of every hank to publi.h monthly nt one nen ivipr r eniii coon ty, wherein the sanie•mny he inmate, if there lie two putslikhed in P 11,1,1 county one of witch shall he in the laegunge, it loch a one, iv publinhed in the county, the entire amount of the annete of the hank ne herein provided (or, and every chin. of items ow , , in. under separate heads, setting forth the !lumina of the capital stook actually paid in. the entire 'unusual of ; Indehteilnesin and liah:litien of *mid bank, the amount a circulation! the amount of dopomite, the amount of gold and *flyer in the vaults! (1 the histfk !tithe time of ranking the exhibit, the amount of immln, miter!, and nther ovidencea of dellt, the value of the real and personal property of the lank. Sec. 23 That the directors of caeb ban semi-anttnally„ on the fiell Monday of May and Novenlier, declare a dividend of so much of the nel. prate of the bank HA they shall judge oßpedient, and pay the same to the stoekholdas, on demand, at any time after the expiratioe of ten days there from, but such dividend diell in no CllBO ex ceed theonsoinnt of the et pulls actually Required, so that the c pital stook of the lank shall never be thtwehy impaired, and if theylireetors dr the Itsk shall make any dividends' which , shall impair the capital stook of the bank, the directors consenting thereto shall be jointly and severally liable in any action, of debt, mire ferias, or bill in equity, in their indiviirl capaeities, to such corporation for thean7ount of the stock en divided, and each director present, or otherwise, when snob diadend shall be made, shall be adinflged to be ponsenting thereto. unless he forthwith era* his protest cm the minutes of the board, Rail give public &ties to the stockholdersof tie declaring of ouoh dividends. • . Sze. Sr - Provides forth' amount of tax the new banke "bell pe , ,Onto the •Tressury of the• State. ..fizc. 26. that .on_slituiltislinsi.day the oasCier shall make a 01, clear, Aimi sow- Eiill V, A PRI - }rate atatemoet or rchihir Ti the efill(lifjun of the h, nk 1.% it t , lintl bo on that day, 'f ter declaring the livid- nd, wide!) Mutt' be icrifird by the ()nth of the President and earthier, mettii.g forth— ], the amount oAtim enpital Mock actual-. ly.paid 4tottn,l then reinaininF an the natural meaty of the bunk. 2 flit aneuitit ttf the bine and notes of the bank then in ciifuLation ) ,,epeeifying amount of earh denchni 3. The greatest nmonnt nntrs io cir ouletinn nt any time .iner, the ranking ni the In t previnn, statement, specifying the time when the .nrl7, ott,iirrNi 4. Thl. huu 4il 4 and .1 Wm of erurj jtituj tine to hank.; of thin nu 7i the amount due to hooka not of thin State 5. 'the 11111n1111t due 14, dergo4itorm f, totnl erootint of , tlebte and linhili tier of mery aleveripton, nod the grenteqt amount since the Inet, previoom ,tntoment, etoeifyinA the time when the enur e occur red. 7. lha totnl nnionnt of dividenda declared on the nay pf making the statement. - R. The - Pnqinnt eloterlwillll4l,- .7 and bullion blonging to suet; hank\ and in ports .. .don nt the Ono! of !leaking the state ment, 'designating the tonotin4 of each. " '1 hr (Iwo hind n:, 1 ilb., Imnde, Lute+ n t oilier mioeneeft of drbtn rikeotin- Led or porehn4ed by the bank, I. perifyirig portivithirly the nto.rtot of Awl pr NI ,Jeht, the attvmht 4lot:htftil r_nd the ItllltrUllt Ili trr I 1 The th 2 r-1 and i , ,1" , 44111 properiy held for the convent non of the hunk, r.peeifyinr the nrwont of ern+ 11. The ainetint of lea] eetato taknn for debt; der thr 1140, r• 2 • The amount of the undivid4 profile of the hank. 13 The total amount of the liabilities to the hunk by tlii;direetora thereof rpecif,l 4 , the gro,mnnunt of fielidia biliti^i I rnierple ilrldorr end the in;as of 1.1 Tiw t .tat moonlit of liabihties to the hank 4ry the mt.iclitiolders thereof collective ly. gliecifying the ;;rare amount of such lia bilit ie. a- priori pal drbhir,, and the gTrign anniant ns erehirser% or ntiretief., selnrh i 0/eel/ell, rftirl - finiemphilrolPrwmrnshoeir • f flit Ifr en-tr,i of the Cesdnemeealth envy thetah)f immediately ruhlethed I lire.. time( 14' ten /tee srapern ..r lhr Fi.iTln ty in much gnat - bank im Incited, peneided the , arne ere raliiialtrli, one of which rapers .hal: ,n'the Cortnan lAngtlnge within the mit]. „ ..r nr IN , I% 117.11• Ii imr,r4 ; That if 1111 v hslllk, 11,Z.Iillqf ; the An hint le , net al shall hart i ut to r 10 , 7' (.1111 , (.11111 ilf nr,v. 1.1111, mnt Ir, IV 10 fl•IV ~ I I I ..eopetelit iiirisiket,n for a writ I f I,ITI •:11,1 kinlitor General, 10 SU, I °nil ;, I forth, iiroeeedings against siteh loito . and she!, t, O'er eiting And, lint limit .1 t.i apt.; al and show ei.use why such oral should not le granted. and after the finding of a jury that such hank has at all times coniinuil, :mil still cnnlnntrd, to redeem. ul 6olil and int> er coin, its notes of elreulati in, shall toast MA order enjoining the Auditor General from Lli ft.rther pro reeding.' lig:tins! such bank in, hreo.int of the supposed net of insult envy on a Well some proceedings were instituted, and there upon all the prnperty and assets Of each similet. fin directors, Ste, 27 That if the Auditor General in any case fail to proceed in the manner pre. mei-died in the foregoing sections of this act, in providing fur the payment of the outman& ing notes of eirculatiod and other liabilities of the failing bank, and in cloning the af fairs of any bank that shall have committed an net of insolvency, the holders of any of u• 110teo vi circulation, or other creditors of such bank, may, in case payment of such notes of circulation or other Odm has been refused when lawfully demanded and re main unpaid, apply to and court of ronipo tent jurisdiction, for its writ commanding the Auditor General NO to proceed, &e. Br,. 28 That if any lo.nk shall neglect or refu:o‘ Gr cuugrly'nUh ally order of the Auditor Oencrnl, made in it7eorilanee' irith the Previsions of this act requirii*g such hank to reduce its circunition, — cr to provide a largcr amount of speck) or other means, or to pay / in its stock, or to do in. cease to do any other inittter or thing which said A ndi tor Gen-ral may ;pm necessary for the se cork,/ the not( holders and other oroditors, then the Auditor General may apply to any ,judge of 'corrptitent jurisdiction, by petition in which the Auditor General shall be made the petitioner, Dud the bank implicated de fendant, setting forth the auleitaiiee•of such order or orders, and much neglect cr refusal on the part of the bank, its officers or agents, and the Auditor General having made aftl• davit of eukl,,negleot•or refusal, then it shall be the duty of' each judge to allow an in,- j one:len, Ike. Sac. 29. That upon the •allovranco of any such injuoctiou, the'property, creditors, sa• curities, liens, end asset.. of Avery desalt thin of , such banks, slain forthwith ; 4potst ILI the Auditor eoneral, who shall appoint a receiver or reeivers to take possessfon of the same, As is provided heretofore by this aot, &a. Sac 30. That no bank shall. take as se curity for arty loan or disoount a lien•on any part of its otpital salooki but the same se NI ill entity, both in kiwi anti-animmt-qtall be re quired of sharetioHers, nod no bank shall he the holder or purchaser of any portion f its capital, or of liex,apital stock of any other i-corpornted 'bank, unless such pur chase shall be n - cessary to ptorent 1:) , ..1 on. a debt pre. lonely contracted in good faith, on !wearily which at the time cl y 111,P1111,t1 bt itrure the payn rn: o r alai' debt, ipti,ptinient of any licit i:pon ;itch stock, m - ,in cane of I'm fi3iltire of st. rl Tor non p,;r-2nt of the insialmertf doe th.. Icon, its pro : Mod in this net; arid' stock .se par- 1 01/IbEi snarl in no ellat. 11i 11C111 b • !Tie Lanka ao p i, ru Isiti.4 for L iongor p, nod of tune than si.: manna, if th,. / I .ll``ie Lan be sold for what-tiro Frick tutee the Raid t,tolc, or at par ; nor !dia.l nil! kali( cAtlier 111r1`1 . 11y or 111111 racily, pi dg., I)..,poiliecate, or exelienre any of its notes of circulation f. r the pur pose of money 111 he 1111111 111 MI capitol k, e rnor ple,ige or hypothecate, ; directly or indirectly any sunk :.nets to be used in its ordinary busint,s ot.eratiori. Sic. 31. 1 hat each lualic slisill at nil times have on hand in gill: or illver corn, or its iets,,,inttolts, an nonnanii twent; per Centam of all its circulating. notes of 3,rory description what..., r. and whenever the amount of its outstanding sir entaliatt notes exceed thenbot e-naired Iwo moi-; , ;( its tioh-s shall he inll.l nut or otherwise pot I such not shall such bank increase it., by making any nevi mans or:discount , . u r make any dividend: of its pro:it , s, t.oWi the requi red proportion between its mitstanding cir culating note., and pild anu silt Er coin, or its equivalent, shall be restored. SIT. 32. That no wink shall, during the time it shall contine its tipc,riit;on., withdri,w, or pprmit to be withdrawn, eitlo r m foi in of disidends, loins to stockholders, or in any other way, r.ny portion of its capital stock . and if losses shah at ;.ny tiur, hare been sus trained by hank, equal to or exceeding it. nn diiided profits then on hand, no dividends shall be madi;, and no di; dens shall et er he inniie by a honk while it shall continue lilt banking operations, to an amount greater than it. net profits then on hand, deducing therefriim its losses and bad and iii.spendeo debts, and all debts doe ti, do, moll( on .:11ich At : groat iiiptti L d i d of. * awl unviid for ayfriesd of six months, - mites"! Ads - mit. - sharbe we secured, or shall be in process of collection, shall he coloodeleil bad and suspetided debts within the I-m.1116;1g or thw *fawn. Sr 4 U That no hank nt any time limo., or ;tare in eirruhtliim, any note, draft, oill of ,•Irltringo, rtio , eptanen, certificate of dopowit, or other e% 'dem, of delita, whirl) !riot t idotraetett of appearance, atolll he (wild:tied, or intended to vironlate a. money. uutl,rr than KtII 11, mules of curritintion no are by nitl Iris tie-u•rubrui, nail tt hlrh FUell b.tuuk is by thin 111 t atuthuuruloul to busily fur tilt` par pone of hem!! bolubutu.ul 14 it miry hank rereite at p a r at the ~ibee or Imokopg boo,. L it such batik, in pin e Iller of does pnviible at Weil bank for notes of land, bilk of exchange, or oilier (wideness of debt, or par rhaiteilliy, or belonging to such naiik, the note.; of eireulniiiin C•la by other iinivent bank, incorporated under dm provisions of Ibis act: Sts That evry bank may take, reserve, receive. and charge, on any loan or discount toads, or upon any note or bill of exchange, r other er Iderleen of debt, at the rate of six per volition per Annum On the amount of an! nueli note, 101 l of . tel,inge, or oilier eii.lon. r of debt minted, and no more Pro ? Tied, bon over, 'flint interest may he resin - I ed, or taken in advance, at the usual ruler of banking, Le dic Ste 36 That all transfers of notes, bills of exchange: and oilier es olenees of debt not ing to ant hatik,*l of ociarots to its I credit, nil assignments of mortgages or other securities on rt al estate, or , if Judgnieuts or ' decrees in its favor, all deposits of tourney, pr other rei halite thing. for ita tiro or.fir the use of any of its stoekloiltieri or 1 1 creditors, ell pnyolts of money to either, inade after the c,,otoission of an net of instil veney or in contemplation thereof, with a view to prevent the iipnliefttion 'of ito assets in the manner prescribed by this act, or with it view to the preference of ono creditor to another, except in payment of its eireolating notes, shall be held utterly null and void. Ste. 37. That, if the directorituf any hank shall knoWitigly violate, or knowingly per mit any of the:officers, agents, or servants of such [sink to violate, any of the frill isions oftbisr.,ct aftthe rights, privileges and fran chises of stich""shall thereby he 'forfeit ed. Such violation shall,tiotveve'r, ke dctermined,t rind adjudged by 1. em:rt of compbtent juris diction, &e. - SEC. 38. Provides for the puninhment of entity president, director, cashier, teller, herk, or agent of any other hank, who shall timlieimle abstract, or wilfully misapply any' of the moneys, funds or credits of such bank, or shall without authority from thstdireetorli issue or pot In circulation any of the notes of such baoki,pr NLail without snob author ity issue or put forth any certificate of depos it, dracr,any order or bill of exchange, make any-acceptance' sign any note, bond, draft, bill of exchange, ko., by confinement in the penitentiary at bard labor, not leis than one nor more than ten years. . ' Sae: 39. That the deters] bank', star , _banklagitaaoeiatinneiattha.Commohwealtit,, ineorporporsted for tho purposes ofiatokiag iiii2SO --4 WI / ) em - MEI )I,llquz 12,212,1 VOLUME 5-NMIXR h. tinder Speejni Charters, are Iterelifaiilliorisa by a vote of the stockholders of said iflatieU: ti"fl: t - il etttieril !hi it cieatilating '1) ccrr: th yr 'tank ing under the pro% ieduns of thew act,. Sar. 40. That Ow note f -toy bank incorporated 'undica t.hi. act shad at all tirrrn ba recoilable in payment of all State taxes and other l•itiito S r ac. 41. That the t •eneral limgrzably rung nftcr or repeal thin act nt pleasnre. but no net altering or repealing hie edt chellimpo.o any injttatice or wreng, annn the Ltookboblern of ^ 3 jalit n rid that r laden (lt eiti.rno who here (1,, inn d their intunn rn to mak:. apprli«oi.o.rt U. ttre• rerwent Legi , ht titre liar nu tel Of ilieu nrutnal nr,' nv a Lank Of bu.ne, 1.1,1 her(' CALIAC , I SLAI ad %ertinamearto 1,3 ramie i.l the owls,• an in et (inked by laW, tan v, Hrth (heir p. 0111.11.11 a bank umicr t6r prv4iotts this act at any time after it-. par. 'gr Pre ',led, the Attorney (loner:II i. UltuNtin I atrn done certify that Knob tut, erti.rment the been made in c, u r to V tion and prevent lansof thi.Oontmonteenit It === . • Ts,ialwaiwite4t — 'llll.rh;Z•34aw- Wwift ImPor hint . 'lrwin; before Cour ens in 1,,i• flume Mead t.r jart. There are tx.i hill. under con iderntion- one in the come, the other in the house e Vouse lid in 11 . 1 the hpecinl charge of the Mark Iteptiblwans, ol!ens the [Wm domain e pinny to citizens and :lien,: it, and any foreigner, or astioctatio:: of nireigners. may conic over and squat upon a clairtt without even de•daring an mlentioh to become citiztna The Slot r.te bill requires th • aquatti r to be either a native or adopted citizen. The probability that the difference between the two lou ses will prevent the pas•age of either MP What sound reason 14 there for do.. crimination rn favor of one brain.), of :Hillis: try ? Iles not the artisan. the mechanic and the manufacturer an egonl claim npon the protection of thiv, rnment 3 The meetiaLic who is deprived .of his rightful sbnre in the' public domain, tecauFc othike,dUrditioti and want of tlktil In agricult will have cause cf complaint When the tax-gatherer calk up on him for hii ~hare olf . tpe s deficiency iii the revenue, in Goosequenoe of the partiality if the act 13 not so intended why not gi be cultivaten the.s;n: or nithilfactares B 10191 Somebody wrote to the editiir of the Ps rnrus Journal, a letter of inci"ify as to bards to thorn the editor repot..., as follows —Yet, sir, we can tell you IC; about bil !Win ft ix a game consisting of two men m their shat s, pour bitty balls about on a talde, and preeenting the beeper of the room with Eliseo cet.le. -o:, ask most cow wooly the case in this country, telling him to ,1.,t mark it down. This last mentioned custom lam given them the title of billiard • markers. if you ham, a decided genius for for the game, yo.i 1; .1 make a superior play er et the e, pence of al , iii 'lOlO. Blaek• smith, carpenters, etc . pi my it for exertis , .. ft was invented by it shrewd saloon-keeper. who wan not satintied a ith the profit on and wet ton in ,1,11 4 1 .,,d to tem• water it." Not a bad d. (loam, . It mm - t. Z e taken with exceptions, however, for lack Wood n her asters his liquor nor " narks „t. down " WI: ' TNsxr # —A n Mrs. fthn Reid 'adver tiben fn the North American, an " In• fant . .; ;letreat ' established for the accoinino oation of those babu•s whose atlet:tionate pa rents th sire in trmel without encumbrances. As a friend to the rising penerat ion. we ad vise mnthers to stay at home and take care of their awn babies Mrs Reid may ho a nice kotrutn, and all'that ; but the privates no good io the world to ■lfnd ng mothers no oppr.rti.nity to shrink a responsibility for whilh they are Lest fitted, and certainly in• tended to assume TOR FILICE LAB can journals have a ;rest deal to say about tieing the advocates of "free labor," some of their large manufacturers are threatening workmen with the losS of em ployment if they vote the Democratic tiok• * et This Hartford 'furies announces that Allen hlhmdtond• of Rockville. has made proclamaticn that no man who votes the Democratic ticket shall have work in his mill ! This is •• free labor " with 'a ven geance. Two men, named McClellen,twere arrest ed at Milton, Florida, a few days ago, on • charge of having murdered the ebire'ciontre of thein, She was much older thr band and possessed considerabl They enticed her into, a boat, tied her under the seats, drowi j left her to float out at eta ; but ut ptir iieeir plane, the tide carried I and revslld everything. letteslinewsl front Washington to the Ittiptib!loan ' PNsMgotisl state that.,Wes has Eitettioiting t weeks ; that Seward' bss'been ' that Chase is tir Attu Jim is being talked oPlor President,. Stotkt of Virginia, for Viee-Presi ' A very plAio 'gagman' of at tinal. wine, 'Um a fait it leo brought. &olives thet, he meant oi V i, pargcmnity in lit ink —Ws-. ante him In , *WAIL v *PPegrino, 1 ~14t Oh fliOit, '
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