: ■ . ■ . ■ . ■ ; : ' : "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^