: ■ . ■ . ■ . ■ ; : ' : "QUIt COUNTRY-MAY IT ALWAYS HERIQHt-BUT. RIGHT OR WKOXQ, OUR COUNTRY. 1 * Mt VOI.. 48. . , ; ■ CARLISLE, PA.. TIUIfcWAV, APRIL I*, m The General Banking Law. k, ILISIIED EVERT TUURSIIAT MORNING DT JOHN B. BRATTON. U^®¥ CIPTIO *-’~ ono Dollar and Fifty Conte,-paid Two Dollars if paid within tho year; Dollara and Fifty Conte, if not paid within * Wjs* r » These terms will bo rigidly adhered to in No subscription discontinued until wf ifrrottragea are paid unless at the option of the * AhVlsttTiß jsiie nts— Accompanied by tho cash, and square, will bo inserted three. ,'times,fbrlOno Dollar, and twonty-fivo cents for each I insortiou. Those of a greater lengthen j u .ad|jHiiNtiNa*-rSuoh as Hand-bills, Posting-bills, Patophlfita, Blanks, Babels, &o. <fec., executed with abetoqby and at the shortest notice. QornbjJ Firth. h iocor. f W»M, at of tbi •fwl ■ 1 ■ K™i’ : TB'B QUILTING. ; . who «■ ■^rapM?" B “ ay 18 “•» the ladies mot, ‘ i ..'.pWii' 1 And at the frame are seated; F - or^or placed,they work in haste, ■ Sf' To get the quilt completed. ; Is, Cun) fingers fly, their tongues they,ply, I; ' And animate their labors, loCua‘ "«jj6TO^Pj'A!> u i , HiiJ[ beam, dissenting clothes, t jgf* r diking of their neighbors. Cumin ~ri?Dcar, what a pretty frock yoa’ve on—’ , , ' .[J?‘l’m very glad yon like it, rdstomi lt v told that Miss' Nicomioon • ' " <’.+«t^iP on ’ t speak to Mr. Nioat,” , _ Miss 801 l the other- day, ’ •njVil "*“ ’jliJFonng Green's now gig adorning—” Zenrin; o k °eps your sister Ann away ?” n; Uta - to town this morning.” Soul! "Tis ti m o to roll, my needle’s broke,” Sami' s'. "Bo Martin’s stock is selling!” pberds - *-' -.' '’’fjouioa's podding gown bespoke—” 3oiio», Sjl/Mvjiil see jmmt scissors, JSllon.” ■ spring, iF'FFopjF ‘‘That match wilt never come about— ” ‘‘Now don’t fly in a passion j” Jumci ytHair Puffs, they say, ate going oat—” nuKloni IHl,'.' "Ves, curls are all in fashion.”' pf ifjMß.’ilie quilt is done, the tea begun— ca ‘ The beau* are collecting ■ og npplr "'®PP?, h 4 cleared, the music’s hoard,— H partner each selecting. io. ' ' *“c m erry band in ordojr stand, . —th Tho dance begins wilh vigor, rapid feet the measure beat pi|. ' And drip the-many figure. Unheeded fly the moments by, '. ’’’ Old time himself seemg.danoing, IglHl night’s dull bye is ope’d to spy THb stops of morn advancing 1 ®apjon closely stowed to each .abode, carriages go liting “any a dream has ftp Us th,emq; i !i of Uw Quilting, r.BETIUt vJ Yatl >A I ■■ ■ I J|ty»nrcil Ptojile, •■tof reserve has most often its ori isbplief in lh thb existences i urilittes ujiswe arc classoif riS 'ftUowhreatures are to have any follow-feelings ' i, .in such characters, it mi^y. lie, Ity fine and true, that sinks itself lelicate to mix with vulgar streams, dd taste the purity Of this water, lig laboriously for it. There is, it passionate power, fervent and cou too full to dribble out; top strong 1 itself in petty pbiaaes#nd agreepr ions of sentiment; or, perhaps, pn high and extended, ; to which views infinitely beyond the horizon of; eye. * * * * The reserved tore, is an object ofdislikp and dis le is also a subjectof interest. Ho idcnce, but he excites attention. * tot agreeable from' a High’window ic movements of a crowd below ? mghihg, leaping, fighting, crying, ) analyze their agitations— to smile iturbances—to bo yourself, secure looker-on who' is not looked at— leo to.a drama, rind to criticise the' :anhot criticise you ? ■ , ; I to privilege of the reserved, man. j ds his emotions, ho buries his fcol sks.his passions.' Ho controls his wy muscle is under his command;' , rinch thing with him as a sponta neous mpvp.nfent,. go rebels in 3 continual j Victory. Ho baffles curiosity, he defeats e*- ;.pectation,ho destroyes hope. IJo wears his ' jji Shroud’before he few the tornb. The inqiiie- 1 - ;, »tive prpwd;will pluck at it, but will drawback i "—linn they feel how cold it is. I (they fear,.they i h good reason. The power of! n itself worthy of admiration; tftrs so glyopg ,w dimor must *0 nlan, hnd it is the conscious-; le possession that suggests tho lofouoo. ' ' langers of Sprit]?. ‘'ghost medical authority for •cat many more persons die in ivoraber. The natural causes icreasod dampness of the at n by the fljot that doors which intOrj do not do so in the sum lr° , ta kea away the appetite ; .?l v tag,food, in order topro mi temperature ofi with V: m Faction at this with wise nature’s arrance ' many and painful and dan- First, the amount of clofh too soon.—Second, the con in our dwellings are removed' icrsons, especially children, lose ip delicate health; should lickest woolen flannel of mid le time in May and then it a change to a little thinner *o° s should not bo removed, *“ Sjotas cleaned for tho sum >t of June; for a ,brisk fire in Miosyerycomfortable i n the. * tbat may bo o rare ocour ™ eo motimes, taka place, it HA II tjian to ‘sit shiv 'l• w ‘th the riajc to,ourselves & Wnttention P* ore m Operation to chill theSS (M toe colds nndfevors. First, The dampness ;0 1 ■ Seoond“ P That straWfalling off in appetite for meals and Sweating’’ food. Third, The premature lutwnof clothing. Fourth, the too early Val of the conveniences of fire. And oha ?S‘ng condition of the woa- WWof taken into account, it is no Wnder, that undor the influence of so many i' of wromution of the temperature of the M victims to disease. In No healthiest month in the year we , onr warmest clothing, kindled our ffreillrffi*'?. B ! y° have found' a keen polish for while tho dampness of the SSffiMg B oon by the ebuden- S C ° W> Th ° W * Be WiU »np> rcW jßt ,r B i, !, - i ij&s* i 14 7? terms As the car .emerged with the rebound, tho bauoqn ascended withsome distance, and Mr. Cevor directed his companion to take his place on the rim of the car, among the ropes; while ho remained in it to cant it so ns to present as much resisting surface as possible to the wa ter, ft was at this critical juncture that Mr. Dalton inquired-of his companion “the time of dav,” and in consulting their watches they found that it was twenty minutes pest five o’- clock,: just thirteen minutes from the time j they left Armory Mall.; At this time ftr. Cevor would have dis charged all the gas and swamped the balloon, trusting to bis ability to swini ashore with it, -tiisoowpanion cohld not swim, be de termined to reduce its buoyancy, and holding on to the water with the car, drag across to the opposite aife fo this And his requested Mr. Dalton to jJiiss Hini the ebrd attached to ■ W* P* the valves, and'which wits made fast to the hoop .above the car. * The .letter passed it Upwn, and in his anxiety to assist began pul ling on ft; Theirjoint efforts proved too much, and the string parWd from the valve. A siif hoient amount Of gas had beOU tfxpolied; how too"^bl° tl»om to kedp the citron the tho ? vator > and they Were for more & tlws making tho effort to land. , *y.. tho nafJoon descended into the water, it George A. Savage, oveJ! seer on of Mr. Baynard, who wimt immediately to the rescue, with his boat *h g T n Mr ‘ Sav “« o was. enabled to reach the balloon some little time before its occupants had wade the opposite shore; and. wi th his negroes, rendered every assistance in Ins. power to extricate tho aeronauts, and to make fast the balloon; which, however* defy* mg all their power, was driven with groat rapidity across tho marsh, , After (vainly on, deavonng to .recover control of it until they w.ere all exhausted,'Mr,'Cover gave the word to/‘let her go," and the Montpelier, perfeot and uninjured by its rough contact with the elomontss; shot up “ like d rocket," and was soon out of sight in the distance. ; nliSn a° me . wa 6 ,ato *y took a drunken fellow, couldJ;''* 1 « ■*, with the lid so that ho waited ** * n n e r avo-yard, and the torn . After a short time, tion hnir.., lf l uor I°ft him ; andhis.poai and SS? 00 “fi>8ed, ho sat uprTght. "Won f rJ? I . k,n / around > h « bxolaiir&d, ZiJ& y Z&’? u * a - riz ’ or O,S0 ; IV BiSul 1 aafc attributed to Senator Brodonok loaves all the property, except $lO,- to George Wilkes, of Now York: A Japan Belie, A recent East Indian traveler thus sketch es her t 1 saw a young girl standing, fan in. hand, ; at on open door, reading. She was simply clod in-a loose crape halfpetticoat, half dres sing-gown sort of dress, reaching ns far down as the ankles, and bound by a sash of yellow silk around the waist. Her feet, which were small and beautifully formed, rested on the common high straw sandals of the country.— Over this dress, which left the bosom partly uncovered, she wore a light cream-colored open jacket, of-a muslin texture, with wide sleeves extendingo little below the elbow; her soft block hair was beautifully drown back from off the forehead, and bound inn peculiar cluster at the hack of the head, where it was held by two gold pins, one of great length, and With a, scorpion-like device attached to it, and which moved to and fro with every motion of da wearer. Hoi- complexion was bright and polo, much more so’ than the Chinese; her features animated and expressive, and her teeth white, and ns finely formed as her entire figure. By the latter I saw that she. was un married—the invariable Japanese custom be ing; that on tbo marriage of every female the teeth are dyed black, and, in some cases, the eyebrows shaven off. 1 halted nearly in front of where she stood; she did not look “ piqued,” and turn away ns the fair damsels of iny own country would have likely done; but she favored me with a steady gaze, and Smiled, though I could scarce detect the movement; of ,a feature, while v her eyes, like souls of eloquence, glowed in fasci nating beauty. She was reading a book; I saluted her with a low how; she returned the compliment by a somewhat similar movement. Observing my curiosity to see the book which she held, she handed it to me. 1 It was thick, And,of nearly the quarto size; andlettor press wits mixed with numerous wood-cuts—a com mon circumstance in Japan,' as I subsequent ly, ascertained, where nearly every book pub lished abounds with numerous illustrations.— In weight the book was exceedingly light; add the coyer was of a very thick, colored paper, Ihghly ornamented, ihe esternal picture being that of a crucifietion ; the paper Was printed ■W on® side only, and left uncut, so that the printed sides were alone presented to the eye. the work, one of an ordinary kind, was of excellent typography. Of its ordinary merits' . the young lady might have formed an opion wm ; but being anything but * Japanese, I iCWId -do no such pleasant thing. . . , [From the Savaiyiah JtepxMkan^ Voyag«; The very general apprehensions which were l€it for the safety of tlie aeronauts were reliev ed on Saturday npirning a week, by the return of Mr. Cevor and his friend, Mr. Dalton, in the steamer Cooilb. \ From Mr. Cevor himself we learn the fo(- l lowing particulars of his'f-oydge'. " His contra; i QnJeavidg.tho city, was duo North-east, This direction he followed, continually ascending, until, ho reached a point in the Vicinity of CiU uboga Sound, where he struck a current which' earned him due East. At this time; Mr. Ce yoris under the Suppression, from his sensa tions, (for he had ub barometer, and would | not have had time to consult it if lie had) that ho was two-and-three-quarter. miles high;— The earth was entirely obscured, and ho had of tdws to sras, tot ho distinctly heard the roar of the ocean to the East of hjuj, and knew that the current was bearing him _out to aea, Instantly to began to de scend, ahd approaching the earth, threw out his grappling anchor, which made fast to a tree, but the wind blowing very strong, par [ ted his cable, and the balloon, thus relieved, again shot up.into the air, and was carried with great velocity towards the Sound. Mr. Cevor here remarked to his companion that they would have to alight in the water, to which the latter replied, “For God’s .sake don t go down in the water.: I’d father drop anywhere on the land.”. Hero Mr., Cevor, finding it his only chance', determined to come down into the water with'as much force as was practicable or safe, his object, having lost his anchor, being to avail himself of the resis tance of the water by submerging the oar of the balloon, in, that element,, This he succee ded in accomplishing,, tho'balloon descending With great suddenness, and plunging the car and its .occupants six or sight feet under wa ter, Pennsylvania Mines and Oil Springs. Nature has been bountiful to Pennsylvania to on eminentdegree, in minerhlogical wealthy yet there appears to bo manifested more of a disposition to work mines id other States on Philadelphia capital, than to devote it to the development of sources more prolific within the limits of our own State. Skillful mineral ogists during transient rambles among the mountainous districts of Pennsylvania, and particularly along the banks of the hill-bound i Susquehanna, have found demonstrations of I the existence of deposits of ores of great value and utility. Indeed, the whole mineral fea» tores presented,have impressed the minds of those who have witnessed the great mining operating in tho district of Cornwall, England, that here are shown greater indications of un told riches, and by judicious management and persevering research, many fountains may bo found superior to that from which, so many princely fortunes have emanated,. In fact there are districts in the Keystone State that could be designated the Cornwall’s of Ameri ca. There are mines in Germany and .other psrts of Europe already explored to the depth of 2000 feet, and “Xovels” have boon excava ted in eorae localities .even, fifteen to twenty miles in circuit, at groat depths, ond yet we are assured by competent authority, that with eU .tho immense outlay that such vast explo rations have required, the, income to ho deriv ed from a prosecution of mining development hero would bo without a parallel.: . . " : I* was from a hecdlessness of these facts that the Oil Springs, which have recently become ns attractive as the streams of Pactolus or the golden rivers of California, have not been turned to advantage before.' Hero are streams of oil springing up under tho very shadow of j the cottages of tho mountain residents, not in one section only, hut broadcast throughout whole counties. Tho veins of oil yielding un told supplies in Venango, ‘Franklin, Beaver' and other counties, have in'a-measure awa- 1 kened the cupidity of capitalists at. home.— Hundreds of acres of land have been bought or leased, and distilling apparatus has been brought into requisition, and a general fever of boring for. oil has taken possession of tho interior. Poverty , has'assumed tho garb of wealth, and a faith in our internal riches seems to have been inculcated. This same oil was found years ago by parties boring wells for salt in the Allegheny river, and yet un heeded, the search for it has been delayed un til this late period. The principal market fqr [ the oil is in. Now York, which city will bo i ■ greatly benefitted by the discovery. • Rare specimens of plumbago have been produced, and yet mines of it lie in undisturb ed richness,’ we are told, along the banks of tho wild fork? of the Sinuenia honing; and the marble quarries of Montgomery county, with their valuable yield,>re but the parents of numerous others retiring’bpt an WtrAdpc tion to public view. We deprecate the want of disposition to turn an eye to our owp naturally bestowed bles sings; still we must award merit to those who have brought ns .wealth.fronf abroad through wneral gifts of other States. Weliavem Philadelphia companies who have mineral possessions in other States, in active process of development; many yielding liandeomo pro fits; ... * : The Connecticut Mining Company, compos ,ed of Philadelphians, haw near Litchfield, a valuable mine of nickel and copper, at- thp mouth of which now lie one thousand tons of rich ore, ready for smelting, offers for which have been made even in England. Skillful geologists have, in the employ of another par ty, examined an immense bod of clay or white talc, located near Bantam, in the same State, and have pronounced the articles made from it, of snowy whiteness, superior to the best porcelain or French China, It is similar to, of is in fact, Kaolin, and,its origination is de composed feldspar. Withstanding the most intense heat, and capable of being made into and answering all the purposes of crucibles, ap article hitherto of compulsory importation, it is of vast interest to our citizens, particu larly from being owned among us. Many other.mineral possessions, some far away from bur special locality, are under our capital, progressing towards the wealth of Pennsylva nia..—,Penu!)yli)anian. Constant Employment. Tho man who is obliged to ho constantly employed to earn tho necessaries of life and support his family, knows not tho unhappi hess ho prays for when he desires wealth and idleness. To be constantly busy is to bo al ways happy. Persons who have suddenly acquired wealth, broken up their active pur suits, and^ begun to live at ease, waste away and die in a very short time. Thousands would have been blessings to the world, and added to tho common stock of happiness, if they had been content to remain in an hum ble sphere, and earned every mouthful of food that nourished their bodies. But no; fashion and wealth took possession of them; arid they completely: ruined. They ran away from peace and pleasure, embracing a linger ing death. Ye, who are sighing for the pomp and pleasure of life, beware. You know not what you wish. No situation however exalt ed ; no wealth however magnificent; no hon or however glorious, can yield you solid en joyment while discontent lurks in your bosom. The secret of happiness lies in this—to bo al ways contented with your lot, and never sigh for the splendor of riches, or the magnificence of fashion and power. Persons who are al ways busy and go cheerfully to tljoir daily j : tasks, are tho least disturbed by the fluctua tions of business, and at night sfeep with com l p'osdre, Sad Meeting op a Father and Daughter, i —For some time past a house of ill-repute has annoyed the citizens of a village on the lino of i the Cleveldrid and Columbus Ilailroad, and it • was determined that thb house should be bro-, ken up: On illght the Marshal of this village made a descent Upon the house, took the inmates into custody; and Friday morning they wore taken before a magistrate for examination* There wore thrdo girls among the prisoners, and as the eye of the magistrate fell upon one of them, he grow deathly pale and nastily adjourned the Court. Among those wretched and abandoned girls he recognized the once fair features of his own daughter. Several years before, while attend ing a Female Seminary in an eastern State, she had eloped .with a worthless fellow, and her father hod never heard of her or seen her until that terrible morning. Deserted by her husband, she adopted a life of shame, and found her way to the West. Her father, un-. 1 known to her, moved also to the West, and ■ settled in the village above alluded to, 1 Cleveland 'Pldindealer. 1 The Baltimore and Ohio Bailroad Company will soon present a claim of $lB,OOO against the State of Virginia for the transportation of troops to and from Harper’s Ferry, r r , _ We always admire the answer of the’ man who, When Risked how old ho was,'an swered: “Just forty years, bat if you coant by the fun I'ye seen, X am at least eighty:” AC FINALLY FABSED Bf. BOTH BRANCHES OF THE STATE LfcOISLATUnE. The amendments'of the State Senate to the General Banting i'ow,;having icon concurred in by the House, it his* passed finally both branches of the. Legislature, and has been Signed by the Governor. Wo give be|ow an abstract of its provisions: Section. 1.- Be it. enacted by the Senate and ffouse qfMepresenfdtiees of Vic Commonwealth of JPemisylvania in' General Assembly met,’and it is hereby! emoted‘by} the auViority of the same, That any number of persons, not less than five,; partncrshipor association, in pur suance of this apt, tpay establish banks ofdis count,: deposit and.circulation, subject to the terms, conditions, contingencies, restrictions »nd liabilities hereinafter prescribed; but the capital of no bank established under the pro visions, ofthis itet shall es'ceod one million of dollars, or belessthan fifty thousand dollars. Sec. 2. That whenever any such partner ship or association of citizens desire to estab lish a bonk, .or increase its capital, they shall wake.a certificate, to bejipFflinaftor described, under his or their .hands and seals, and sliall cause a notice of fhp same to be advertised for at least six months in ht,least three newspa pers, one’published, at the sept of government of the State, and the other in the city or coun ty whore such bank is to be located, one of which shall bo in the Gorman language, if siich newspaper is published, which certificate; after due notice of tho:sp,ihe shall be publish ed as aforesaid, shall; bo submitted to and ex amined by the Attorney Genera) of tha Oonr mon'wealtb, and by him eortified to bo proper ty drawn and signed, /and that the notice to the same has been duly and correctly adverc tisod according to law, and that the certificate, and the published noticeis in conformity with the Constitution and the laws of this Common.- wealth, for which service the Attorney Genet ral shall be entitled.to a. fee of five dollars, T. The names of such persons, partnership or association, a,nd the names and residences of each member of any parnership or associto turn ' . 2 * The place of business, designating the city, town Or village, .and the county where the contemplated bank; is ,to be located, and which location shall not bo changed without the consent of tho Auditor General after six. I months' public notice. 3. The amount of capital stock of such an association, tho number flf shares into which the .same shall ho divided, together with any contemplated .increase of capital stock. • 4* ahe names and places ,of residence of the share-holders, and: the number of. shares hem. by oaph of them respectively; Sec. 3 provides for a proper method of re fiordmg the certificate herd l-eforred to. ■ ' tho of the 1 poiations Of the bank for twenty years ; em powers .transact of ’■j* thdijjjty'ofthis Au ditor (ronoisl to report 4nnph%: to the Legis lature, within thi’fio dnys fropj the commence ment of, the session, a suipjaary of the state and condition of every incorporated bank' or banking institution, aha every private’ bank from which reports have been received for the preceding year, at the several dates to which ■ such reports refer, &c. ' ' ' i Sec. b. That any increase of capital altera- shall be advertised, as provi ded for in thn 2d section of this act, for six months, and then be*submitted.to tho stock holders at a general meeting called for that purpose,. and by them approved; and further, any such increase of capital, alteration or ad dition shall also bo approved by the Auditor General; and if approved by the same, shall [ be .attested and recorded, and published as is flank" d ln original formation of said j Sec. 7. That the Auditor General , of this Commonwealth shall cause to bebngraVed and printed, m_ the best manner, to guard against counterfeiting, such quantity of circulating notes in blank of.different denominations, not less than five dollars, each of which is author ized, to bo issued by the banks.of this Com monwealth incorporated under this act, as he may deem necessary, from time to time, to | carry into effect, the provisions of this act; said notes shall bo countersigned by the Au ditor General or by a clerk appointed by him lor that purpose, numbered and registered in hie office in manner as directed by him in a book kept for the purpose, and all notes issued by him shall bo uniform, and they shall have stamped On them, secured by the deposit of public stock. ‘ Sec. 8. That the.plates, dies, and materials to bo, procured by the Auditor General, for tho printing and making of such bills or notes for cuculatiou, shall_ remain ,-in his custody and I under his direction, and the expenses neces sarily incurred in executing tho provisions of this act shall bp audited by the Auditor Gene ral, and paid put of the treasury on his wi-it ten order, and for the purposo or raimbarsipK the same the Auditor General is hereby .au thorized and rcquirei} te ph.orge against and receive from each bank or banking association applying for such notes for circulation such rate per centuin thereon as will repay the ex penses necessarily incurred, as before direct ed Sec. 9 provides that the Auditor General, with-thp approval of the Governor, shall de yiscavgeal with a suitable inscription, for this branch of his duties, &o. Sac, 10. That banks established under this legally assigning to and depositing wifca .the Auditor "General tho bonds or cvf ?L UC rr- of fc °f to* B Commonwealth, or of the United States, shall bo entitled to receive a r !l m( T t °* such ' circulating notes in blank, ot the denominations' such as they may re quire, numbered,, registered, countersigned ana stamped ns is herein provided for, tho bonds ana stocks to bo taken at live per cent, loss than their hiarkot value: Provided, That tho sumo is not above par. • Sec. 11-provides, that tho Auditor General may, at his discretion, exchange such bonds or . evidences of debt, or any or them, on re coiying other approved bonds or evidences of aobt ot this Commonwealth, or of tli,d United states, of equal amount, &c. Sec. 12 provides that the banlf gr hanking assooiatmn transferring bonds dr evidences of debt.to the Auditor General may receive the 'J®™ 1 that accrues thereon, unless default shall bo made in paying tho bills of notes to bo countersigned as aforesaid, or unless uid bonds or evidences of debt so pledged shall become insufticient security fqr the payment of such bills or notes, ■ A n d it further provides for a semi-annual valuation of said publio stocks, that if they decline so low in market value ns to be unable to secure noteholders; the banks 1 may bo compelled to give further security., Sec. 13. That the affairs of every hank shall I ho managed by not loss tbaln five nor more ['than eleven directors, ,an<t, they shall choose ope' of their ndntbof as profment of tbts bank. Every uire'etor shall ltd d citizen of this Com -monwonlth; each director shrill own; in his own narao'aud right, at least one per cent; of tho capital stock of tho bank, up to two hun dred thousand dollars, and tho half of one per cent, on its capital stock over two hundred thousand dollars; each director shall tpfeo an oath ; that he will; so flir as this duty devolves ■ £?>. diligently and honestly administer the affairs of the bank, and not knowingly violate, or willingly permit to bo violated, any ot, thei provisions of this got and that ho is the bona fide owner, in his own right, of this stock standing in his name on tho books of the bank, and that the same is not hypothecated, or in any way pledged as security for any loan ob tained or debt owing, which oath, subscribed by himself, and certified by tho officer before whom it was taken, shall be filed and'careful-! jy preserved in the office of tho .recorder of deeds in tho county in which tho bank is Ic cated; but no person shall be president, cash ier, or director, or either, of more than, one I bank at tho same time. j Sec. 14. That the directors of any bank first elected shall hold their places until the first Monday in November next, thereafter, and until their successors shall be elected and qualified. All subsequent elections shall be hold annually, .upon'the first'Monday in No vember, and tho diroctors so elected shall hold their places for one year, and until their suc cessors are elected and .qualified; but any di rector removing from tho State, or qeasing to u vi 0 owner of the requisite amount of stock, shall thereby vacate his place. Any vacancy in the board shall be filled by appointment by the remaining directors. The director so ap pointed shall hold his place until the next an .nual election; and if, from any cause, an elec tion of directors should not bo made at the time appointed, tho bank shall not for that pause bo dissolved, but an election may be held, on any subsequent day, thirty days’ no tice thereof having been given in a, newspaper' printed in tho county where the bank is loca ted, ~ i ■ Sec.. 15. That in all elections for directors, and..in deciding all questions at meetings of the stockholders, each share shall entitle tho I bolder thereof to one vote. Stockholders may I S ote J b y P rox y> duly authorised' in writing, if i dated within thirty days; but no officer, clerk* , teller, or book-keeper of the bank, shall act as proxy, and no, stockholder, whose liability to the bank is past duo and unpaid, shall be al lowed to vote* Sec. 16. That no bank shall bo permitted to commence to carry on the business of bank ing under this act unless at least twenty per centum of the capital stock of such bank shall bo paid m gold and silver coin or bullion, and shall bo in the actual possession and bona fido the property of the bank at the time of its commencement of its banking business, and at the place designated for carrying on such business. . Sec. 17. That tliO'Capital stock of each bank shall bo divided into shares of fifty dollars each, and shall be assignable on tho ’books of thd bank in such manner as tho by-laws shall prescribe; but no shareholder shall have pow eitito; sell or transfer any Shares hold in his .qViftrt-ight; bo long .asdic, shall be liabie.either as principal debtor, surety or otherwise, to the. bank for any debt, Without tire consent of a majority, of tho directors ; nor shall such share holder when : liable to the bank for any debt that is overdue and unpaid, bo entitled to re pciyeany dividend, interest, or profit on such shapes os long ,as such liabilities shall con tinue; .but all such diyidonds, interests, or! profits, shall bo retained by the bank and ap plied to_ the discharge of Such liabilities. Sec. 18.’ That Jf any sharehojjjpp, or his.as-I signees, shall fail to pay any ■ instalment on his stock, when the samp shall ha r-equirod to be paid,, tho bank may soil such stock at pub lic ahetioh, having given three weeks previous notice thereof, in two newspapers, in . the county where the bank is located, if two are published, land if two are not published, then I in one; to the highest and best bidder for the I sam e, and tho excess, if any, after paying the, 1 expenses of the sale, shall be refunded to tho delinquent stockholder. Sec. 19. That if any bank, authorized by the provisions of this act, shall refuse to pay its notes of circulation or any of them, in "old or silver coin of tho lawful currency of the United States, on which payment shall be lawfully demanded at its bankingdiouse or customary place of doing banking business, during usual banking hours, the holders of such protested notes may cause the same to be P r °tested for non-payment by uuotoiy public, under liis official seal, in the usual manlier, and" the- Auditor General, on receiving and filing in his office such protest, shall forthwith give notice in writing to tho maker of such note or notes, to pay the, same, and if they re fuse to pay the saino with interest, costs, and protest; for (twenty) days after such notice, the Auditor General shall thereupon declare such bank to have committed an act of insol vency. &pc, 20, That the Auditor General upon receiving reliable information that any bank has committed an act of insolvency, shall forthwith appoint a committee of three judi cious gnd discreet citizens of this Common "'bftWb who obniil moeiy.a five dollars per day .each; 'a.Oid -heir travelling and necessary ex penses, all of which to bo paid by said, bank, who shall mako immediate inquiry into the truth of. such information and report thereon to tho Auditor General of tho Commonwealth, and if tho said committee, or a majority of them, shall report that such ]iank has sus pended payment of its notes in gold or silver, ho shall forthwith apipoint a suitable receiver, who shall take immediate possession of the books, records, money, choses in action and property at such blink, of every description, including the securities deposited with tho Auditor General, and hold tho same for tho joint use of tho creditors'of tho failing bank; the compensation Of such receiver shall be five dollars per day each, and.travelling and ne cessary expenses, to be paid by said bank whoso assets he is appointed to take posses sion of. • •Sec. 21. That tho receiver appointed as provided in-this act shall bo required tp give bond in such sum, and with such sureties, as tho Auditor General and Governor shall deem • sufficient, and .under the direction of said' Au ditor General shall proceed to settle up the affairs of such honk* and shall convert into money all its .assets, of oyory kind whatsover, With tho least possible.delay, X’Jio money so J made shall bo applied— ’ ■ I 1, To pay all tho liabilities on account of the notes of circulation; to pay the saw o on demand, and sot aside a an W sufficient to w°°t all tho said notes outstanding. _ •2, Then to pay alitbo'deposits of the bank, • 3. To the payment and discharge of all the remaining liabilities, of such fin nil. ■4. Ana the residue shall bo divided among tho stockholders’of tho failing bank in propor tion to tho stock by them respectively hold. Sec. 22. That it shall,be the duty of. the bushier of ovbry bank to publish monthly fin onb newspaper of said county, wherein the same may be situate, if there bo (two) pul> lished In said bounty, one.of which shall be in the German language, if siioh a b'ljb is pilte lished in the bounty; tho entire amount of tho assets of the btink as herein provided for, and every class of items therein, under separate heads, sotting forth the amount of the capital stock actually paid in, the entire amount of indebtedness and liabilities of said bank, the amount of circulation, of deposits, the amount of gold and silver in the vaults of the bank at the time of making the exhibit, the amopnt of bills, bonds, notes, and other evidences of debt, the value of the real and personal property of tho bank. Sec. 23, That, the directors of each bank shall, semi-annually, on tho first Monday of May and November, declare a dividend of so much of the net profits of the bank as they shaU judge expedient, and pay the same to : the stockholders, on demand, at any time after i the expiration of ten days therefrom, but such i dividend shall in no case exceed the amount ’ of tho pet profits actually acquired, so that the capital stock of the bank shall never be thereby impaired, and if. the directors ot tho bank; shall make any dividends which shall impair the capital stock of tho bank) the dir rectors consenting thereto shall bo jointly and severally liable, m any action of debt, scire lacing', or bill in equity, in their 'individual capacities, to such corporation for tho amount of the stock, so divided, and each director pre sent,- op otherwise, when such dividend shall h® made, shall be adjudged to be consenting thereto, tpless ho forthwith enter his protest on the minutes of tho board, an 4 give .public notice to tho stockholders of the declaring of such dividends, ■ Sec. 24 provides for tho amount of tax the new banks shall pqy i»to the Treasury of the State. . , Sec. 25. That on cash cjividend day tho cashier shall make a fiill, ojogr, and accurate statement or exhibit of th,e condition of tho bank, as it shall he oh that d;iy, after declar ing the dividend, which shall be verified by the oath of the president and cashier, setting j forth— 1. The amount of the capita} a too!? actually paid»in and then remaining as the actual cap ital stock of the bank. 2. The amount of the bills and notes of the bank then in circulation, specifying the amount of each denomination, 3. The greatest amount of notes in oircula- j tion at any time since the making of the last previous statement, specifying the time when the same occurred. • 4. The balances and debts of nyery kind due to banks bt this State, and the amount I due to banks.not of this State. 5. The amount duo to depositors. • I 6. The total amount of debts and liabilities of every description, and the greatest amount [ since the last previous statement, specifying the time when the same occurred. ■ I ■ 7. The total amount of dividends declared 1 1 on the day of making the statement. 1 8. The amount of. gold and silver coin and i bullion belonging to such bank, and in pos- I session at the time of making the statement, : designing the amount of each., 9. The amount on hand of bills, bonds, notes,, and other evidences of debts discounted or purchased by the bank, specifying partic ularly the amount of suspended debt, the amount considered bad, the amount consider ed doubtful, and the amount in suit or judg- I raent. ° 10. The value of the real aiid personal pro perty held for the convenience of the bapk, specifying theiqnjountef each.' 11. Tho aniount of rcal estate taken for debts duo the bank. ,12. The amount of the undivided profits of the b.iink. The total anjount of the liabilities to tlio b#nfe by the directors thereof collectively j specifying 'the gross amount of such liabilities as pri.ncipfl.l,debtors, and the gross jamoiint as endorsers or sureties, ’l4, The total amount of liabilities to the hunk by the stockholders thereof collectively, specifying th.o gross amount of spoil liabilities as principal debtors, and the gross amount as endorsers ,qf sureties, which statement shaff be forthwith transmitted to the 4uditor Gen eral of fhe Commonwealth, and a copy thereof WWediately published fhreo tipjes ip two newspapers of tho county ip jybioh said bank is located, provided tho same are published ope of which papers shall b.o in the German language within the county, or in tyro English papers. ' ' •' Sec. 26. That if any hank, against which' the Auditor General shall have instituted pro ceedings, o» account of any supposed act of insolvency, as prescribed in this act, shall de ny having .committed such act of insolvency, such bank may apply to any court of compe tent jurisdiction for a writ of injunction to said Auditor General, to suspend all further proceedings against such bank as an insolvent bank, and such court, after citing said-Audi tor General to appear and show .cause why such writ should not bo granted, and after the finding of a jury that such bank has at all times continued, and still continues, to re deem, in gold and silver coin, its notes of cir culation, shall make an order enjoining tho Auditor General from all further proceedings against such bank on account of tho supposed act of insolvency on which such proceedings .were instituted, and thereupon all tho proper ty and assets of such bank shall bo restored to its directors. Sec. 27. That if the Auditor General in any case fail to proceed in tho maimer prescribed in the foregoing sections of this act, in pro viding for the payment of the outstanding notes of circulation and other liabilities of the failing bank, and in closing the affairs of any hank that shall have committed ah act of in solvency, tho holders of any of its notes of circulation, or other creditors of spell bank, nmy, in case payment of such notes of circu lation or other claim has been refused when lawfully demanded and remain unpaid, apply to any court of competent jurisdiction, fur its yyrit commanding the Auditor General so to proceed, & c. Sec. 28. That if any hank shall neglect or refuse to comply with any order of tho Audi- General, made in accordance with th* pro visions of this act requiring such bank to ro-i duoe its circulation, or to provide a larger amount of specie or other mtups, or to pay in its stock, or to do or .cease to do any other matter or thing which said Ahditor .General may deem' necessary for tho security of the noteholders and other creditors, then the Au ditor General may apply to any Judge of competent by petition, in which 1 the Auditor General ab,(ill bo njade the poti- I tioucr, nod tho bank implicated defendant, 1 setting forth the substance of such order or orders, and such neglect or refusal on the part of the bank, its officers or agents, and tho Au ditor General having made affidavit of such neglect or refusal, then it shall bo tho duty of such judge tt allow an injunction, £o! Sec. 2y. t That upon the allowance of any such injunction, tho property, creditors, secu rities, liens, and assets of every description of such bank, shall forthwith vest in tho Auditor General, who shall appoint a receiver or re ceivers td take possession of tho same, as is provided heretofore by this act, &o. Sid 30; That no bank shall take us securi ty for any loan or discount a lion on any part of its capital stock; but tho some security, both in kind and amount, shall bo required of shareholders as of persons not shareholders, and no bank shall bo the holder or purchaser of any portion of its capital, or of the capital stock of any other incorporated bank, unless such purchase shall do necessary to prevent loss upon a debt previously contracted in good faith, on security which at the time was deem ed adequate to insure tho payment of such debt, independent of any lien upon suehstock, or m case of forfeiture of stock for non-pay ment of thb instalments due thereon, as pro? act; and stock so purchased shall in no case bo held by tho. banks so pur* chasing for a longer period of time than six months, if the same can be sold for what tho stock cost tho said bank, or at par ; nor shall any bank, either directly or indirectly, pledge, hypothecate, or exchange.any of its notes of circulation for the purpose of securing money to bo paid in on its capital stock, nor pledge or hypothecate, directly or indirectly, any such notes to bo need in its ordinary business operations/ ' * Sec. 31. That each bank shall at all times have on hand in gold and silver coin, or its equivalent, in its vaults, an amount equal to twenty per centum of all its circulating notes ot every description whatsoever; and wlienov er the amount of its outstanding circulating notes shall exceed the above named propel tion, no more of its notes shall 1)0 paid out or otherwise put in circulation by such bank; nor shall such bank increase its liabilities by making any new loans or discounts, nor make any dividends pf its profits, until the required proportion between its outstanding circulating notes, and gold and silver coin, or ifs equiva? lent, shall be restored. * SBC^32, , ih».t no bank shall, during the time it shall, continue its operations, with draw, or permit to bo withdrawn, either in form of dividends, loans to stockholders, or in any other manner, any portion of its capital stock; and if losses shall at any time have been sustained by tho bank, equal to or ox ceeaing itsundivided profitsthenonhand.no ' dividends shall be made, and no dividends shall ever bo made by a bank while it shall continue its banking operations, to on amount greater than its net profits then on hand,, de ducting therefrom its losses and bad and sus pended debts, and all debts due to tho bank on, which interest is paid, due, and unpaid for a period of six months, unless the same shall lie well scoured, or shall bo in process of col , °, t ! on , ? 1 ‘h |l he considered bad and suspended debts within the meaning of this section. . Sec. 33. That no bank shall at any time issue, or have in circulation, any note, draft, bill of exchange, acceptance, certificate of de posit, or other evidence of debts, which from to character or appearance, shall he circula ted, or intended to circulate as money, other than such notes of circulation as are by this act described, and which such bank is by this act authorized to issue for tho purpose of be* mg circulated as money. •" Sec. 34. That each bank b1)3,1|: receive at par at the office or banking djopse of such bank, in payment of dues payable at such fo^jnote3 hand, bills of exchange, - Or [other evidences, of debt, discounted or pur* chased by, or belonging to such bank/the notes of circulation issued by any other sol vent bank, incorporated-under the provisions of this act. f ■ Sep. 33, That every bank may take, re serve; receive, and .charge, on any Ip.m or dis coqnt li),ado, or if pop, any note of bill of ex change, pr other evidences of debt, at the rate ot six per centum per annum on the amount of .any sficlr note, bill .of exchange, or other evidence pf debt so.discounted, and no more: Provided, hqyiever, That interest may bfl re*, served, or takop in advance, at the time yf making the /pan Pf discount, according to the usual rules of banking, &c„ &c. . tjifj s *, 86 *, transfers of uot.es, bonds, bills of exchange, aifd other evidences of debt owing .to any bank, or of deposits to its credit* all assignments of mortgages or other securS tics on real estate, or of judgments ordeorecs in its favor, jj.ll deposits pf moneyj bullion, or pther valuable thing for its use, or for tho use • of »ny of its-stockholders or .creditors, all pay ments of money to either, made after the com mission of an act of insolvency or of contem plation thereof, with a view to prevent tho ap/ plication of its assets in the manner prescrlb- ■ ed by this act, or with a view to the prefer enco of one creditor to another, except in pay ment of its circulating notes, shall bo held ut terly null and void. . ‘ Sec. 37. That, if the directors of any bank • shall knowingly violate, or knowingly permit any of the officers, agents, or servants of such bank to violate any of the provisions of this act, all the rights privileges, and franchises of such bank shall thereby ha forfeited. Such violation shall, however b.o .determined and ton fo * C<X,lt ** ColQ P cteii t jurisdic-'.. Sgc. 38 provides for tho punishment of eve ry president, director, casjhier, teller, clerk, or agent of any hank, Who shall embezzle, kb-' street, or wilfully. misapply any of the mon eys. funds or credits of such bank, or shall without authority from.tho directors issue 'or put in circulation any of the note's .of such bank, or shall without such authprfty issue or put forth any certificate of deposit draw any order or bill of exchange, mak.4 any. accept ance, sign any note, bond, draft,"bill of ex change, &c., by confinement in fffa peniten tiary at hard labor not ipsa than one hof [ more than ton years, ‘ . ® EC ‘ 38, That the several bouts and bank* mg associations of the Commonwealth incor porated for the purpose of banking under special charters, are hereby authorized, by a vote of the stockholders of efid institution's; to pall in and cancel theft mrculatog noted and to carry on tho business ,pf hanking under a tho provisions of this flof. Sec. 40- That the notes issued by any bank incorporate.d under this not shall at all times bo receivable in payment of all State taxes and other State du6s._ Sec. 41. flmt the General Assembly may Alto or repeal ttys act at picture, tnoac t filtering or repealing this act shaUimposo any injustice or yronj; upon the stockholders of* ; fluid that any association of citi zofag who have their intention to mny* . Application to the present legislature for an act of incorporation to organize a bank of to M cauaod sucl> Advertisement to bo made of the same,as is required bylaw fN’ Uwir associates, establish o'*bank under the provisions of this act at any time after its passage. Prodded, The Attorney General is satisfied and does certify that sue? advertisement has been made in. conformity Commonwealth. tUtlon a “ d presont lawB ° f thia ?ue Davenport Gazette says that a family of emigrants, consisting of father, mother and five children, passed through that city a short tune since, and that the five children wore all r. v, i~w a U iu al . born fools ‘ The cau Bo was said to be the, intermarrying of blood rola- Buried Alive. —The coffin containing tha body of a man named Wertz, buried about 18 v lDC m’. wl i B “Pcuod last Week in Alba* ny, N. Y Iho body was found face down* Wghair nd th ° fingors of tho man grappled la NO/44^
Significant historical Pennsylvania newspapers