. ~ • - ~ -.- -. . . .. ~..:2 -, „... _T------. ... ...... .. , - E. . . .... ...,..:.... 1111L-' t. . _. .• . •. ---,IL- I!ir]Mr.... • .P . t ....-'.-- ...i_ r _ . .. -.- . ...,...._•_.... ..., .. ...; .. , . .._ 4 ....._.,... _ . 1 . . . . _ •. .. .... . . . -'-SAXTTE-L WRIGHT, Editor•and Proprietor; VOEUME NUMJ3ER 38.] lUSBLIIIED 'EVERY SATURDAY MORSTNG • Office in Carpet Hill, .11 1 '0ra-west corner of 4 Piont and'Eocust streets: Ar: eiiits of inscription. 74 - 4, Copy pe runoum , i f paid, n advance. ',` •"• if act paid within three ••monthsfrom eommencementefthe year. 200 C7ext.ties a Glop3r. nioadbecriplion received for u lest time Oita .ix 'Months, and no paper will be dkcOntinued unlit ull wrrearagetnre paid,uteleacat the optionOf the pub is-her. mrlloney nay e - e milted b ymnill a ithepablish -irls risk. Rates of Advertising, square[6lincs]one week. •. ih fee weeks. each ahsequcnansertion. JO (12 Ines]one week 50 three weeks, L 00 ". • o. .idli.gub.equentinqertlon. Largerltivetilstnitiths proportion A liberal liseounl will he made to quoricrly,half early or.rearlyL.lvCttisers.who are strictl)confined *their hu.inrw. ~. DR. HOFFER, JIENTIST,OPPICE, Front Street 4th door Irom Loaner.' over snylor McDonald's Book store Columbia, Pa. ElZe"Etitrunce, between the Book and Dr. Herr's Drug Store. [August :21, 1858 TIIOIIII4B NVELSti, lISTICE OF TIIE PEACE, Columbia, Pa, OFFICE, in Whipper's New Building, below Black's Hotel, Front street. F, Prompt attention given to all business entrusted -November :28, 1857. • J. W. FISHER, Attorney and Counsellor at Law, Gickletzamilloadsi,„ t3epicrnber U, 1660.'1 S. Atlee Bockius, D. D. S. PRACTICES the Operative, :Surgical and Meehan. ical Departments orDentistry: Orrice Lociist street, lietorecia he Franklin House and Post Office. Columbia, Pa .Nlay 7 1859 . - T OMATOPICII.---liiract of Tomatoes; a 1011IC. For -Rio sit J > UFA, I.Krr GoWen .I now' Drill; -.tore. IMEM 51 PORTED Luiner., filenro- Rouble I :x tn.": for I h.• h:oid kern tel at tnRY f;KEr:IV:z I tppn•tir Itr.dge. Frnui Ht Fell ig ,117. 441100118.-400 Doz. Droop's, at Wholesale ol ft. I,oli EM=S9 LINE'S Compound of Syrup of Tar, Wild Ctst rr) ruin tit 'hound. tor the cure 1,1 Cough-. Cetinkt Whnottme otelt • • sttitt •&C. For cob,. ;It ‘iot " 1".5. Polorty Mectiettre Store, Odd Fellows' Ilan ()Molter 2.3, Patent. Steam Wash Boilers. rplih:Sli aerli kliovett Hotter,. tire kept con , tti nay on 41.. ut II EIVItY l' Lnetto reel. oppn.ite the Vranklin llouse• Colutninn. Jnl 1.4.1.57 ( lots for sale, by the bushel or larger plan k _Pity B. F. A 19•01.0. Cohan'. in Dec 25. 1.95.9 TOBACCO and Segars of the best brands. I wholesale and retail!. Lit Jr• t!) BRUN: RR'S. • ausT in store. n (rent lot of Breinig at I ronfieles celearated Vegeta`tle Cattle Powder. nod for .tale by R_ WILUAMS. Front street. Colombia. Sept. 17, 1959 Soap. r finkra of finitey Maw,. :loop orr bond and for %ale low a I Ike Corlier at Third and Union Shi• A ug um 6,1859 Suffer no longer with Corns. A ' Mi. It olden Mortar, Drug .tore 4 yent ran procure flu urticie which Is warranted to remove Corns in 4-1 hours, without pBill of 'Fly Paper. A SUPERIOR article ally Paper. for the destrue rl Ilea on Flies, &c.. has just been received at the Drug :Store of R WILLIAMS, Front I , treeL Columbia July 30.184 arrison' s Coltunbian Ink is n ioncrior article, permanently black.. Yr and not corroding the pen, ern he bad in am quantity. at the ramify Itlediehie Store, and blacker el t• that English Boot Polle". Columhist. JIM" 9. 14'i9 On Hand. 11{ will rB: Zr SIVSSi"S O rup T e gr. /u tnie t eTr t tteet by Te clueing intintnsttion. ntlstyinu pain. rpm -motile action, &c., in very t.ltort time. For cub. hv TL \VTLLTA Nin, 5ept.17.1658. Front wren, Columbia. REDDING & CO'S Russia Salventhicif: tremcly popular remedy for the cure of external :ailments an now for -tile by R. ‘VILLIA NIS. Front at., Columbia. nem. 24.1859. (ALT bribe Sock or Bushel,' and Potatoes 'it large or lllii quantities, tor sole to the Corner 'of Tim d and Union sureets. pall. 8 5 50 Tl, RANGI PA NN I Extracts-and Soap; On everlasting A. perfume. at . HARRY CR RF:N'S. Pah. r 9. 'SO. Opposite Cola. It ridge. Front St. CISTERN PUMPS. .VIIHE subscriber Iw• n bran. stork of Cistern Pomp• 1 and Rams. to whieh he molls the anent ion of the public. Hen prepared to pm thorn up for use in to substantial and enduring moonier. 11. PFAIII.ER. IDeeember 12.1957 Locum street ryyawN-►Tnliggmy . m Lifitin avvoriment of Fancy Toilet •Vlclaps, ever J. offered to Coientiotexv.va . . HARRY 0RV1... Feb 19. VW.' Opposite Cola. Bridge. From St C owiiNs ATIql by the pint. quart or gallon Extracts•tor the handkerchief by the ounce or pound. or in any quantity to suit purchtisce. - • . HARRY CiIiKRIVo. Oppo.ite Colo. Bridge, Front St. = Just 'Rieeeired and For Sale, 2 00 Bbls. Ground flamer; 30 lib's. Beira Family Flour; 251.1.15. No. L Lard Oil Of best quality; .11/0 bus. Ground Slam Salt, by U.V. A PPM" No 1 and 2 Canal Basin. March 26, ,5,6 'TIMMS .Celebrated -Black and Green Teas, ty Be tir r!P COCO& Vila Übereolatc, al Corner of Tatra and Union streets. • [Nov. aBAB&M, Grand's Boston Crackers, for DyspeptiesoiMl Arrow Root Cracker., for in ...vends and ehlldien—new articles in Columbia, at c the Family Medicine Store, 5 April 10. Inaft • mNEW.CROP SEEDLESS 'RAISINS. %Tim best foe Pies, Pudding, Sm.—a .fresh snriplystt 11 SUYDAM'S - Gtotell :Piero,' Corner Froinund Union ins . Nov. 19. 1859. Seedless Raisins! TAT of very choice re.•dle-s Rvivinikjavt receive set , S. F. FIIIERLEIN'S • N0v.19, 19. Gtoccry Store. No. 71. Locust et. SHAKER CORN. U received. amt rote lot of Shaker Corn SUYDAM'S - Grocery Store, corner Front and Uznoni.t. Nov. 26.1559 QPALDING'S PREPRED_GLIJIL—The wont of .11W/ inner:Ante is fell in every family. and now it salt he supplied; for mending Ihiniture, china vvere.o.aurneinsii Work, inyt Ire, there is nothing tVe have found it u-aful in repairing many nriipiet which have been useless for month... You can obtain it at the Jan SM. FAMILY An-o)l . mm STORE. BitiWN'S BRYIYCUId6 TROCIIES.--We have Amen Y linE dm above Cough torrebeeo at dte *amity blertn ine store all •inter. and they have amen gen..BlBl -an-faction to all that have a-ed them. The Key 'Henry Ward Reecher nay-, no far a.. be ha.. had an opportunity of comport-on. Broorn'a Troche• are premnuaehtly the hrat of the great Lozenge . dermal. Palt.23. General Bulking Law The General Banking 8.11, having re ceived the signature of the Governor, is now a law of the State. The bill is very lengthy, but the following abstract gives all its important provisions: SECTION 1. Be it enacted by the Senate and House of Representatives of the Common wealth of Pennsylvania in Ceneral Assembly met, and it is hereby_ enacted by the authori ty of the same, That any number of persons, not less than tve, partnership, or associa tion, in pursuance of this act, may establish hunks of disc mot, deposit and circulation. subject to the terms, conditions, continger.- cies, restrictions and liabilities herein-after prescribed ; but the capital of no bank es tablished under the provisions of this act shall exceed one million of dollars, or be less than fifty thousand dollars. $ 50 EIFA SEd. 2. That whenev,,r any such partner ship or association of citizens desire to estab lish a bank, or increase its capital, they shall make's certigerste, to be hereinafter describ ed, .under their hands and seals, and shall cause a notice of the same to be ad vertised fur at least six months in at least three newspapers, one published at the seat of Go•-orpment of the State, and the others in the city or County where such bank is to be located, one of Which shall be in the Ger man language, if such newspaper is pub lished, which certificate, after due 'mice of the same shall be published as aforesaid., slmll 6c .ulenitt , - , l to awl escialned he - he A:•.• ruey Gehelc; of the Umailt.amealti, and by bun eel tided to ue rope, ly drawl, anksigned, and that the notice to the same has I een duly and correctly advertised ac cording to law, and that the certificate and the published notice is in conformity with the Constitution and the 'awl of this Com monwealth, for which service the Attorney General shall be entitled to a fee of five dollars. 1121211 EM 1. The 'pines of such persons, partner.hip ur association, and the wines and residences of each member of partnership of as- social i..n 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 be chauged without the consent of the Auditor General after six months' public notice. 3. The amouut of capital stock of such an association, the number of shares into which the same shall be divided, together with any contemplated increase of capital stock..• MIME! 4. 'The names and places of residence of the shareholde'rs, and die number of shares held by each of them respectively. . Sec. 3 provides for a proper method of recording the certificate hero referred to. Sr.c. 4. provide! for the continuance of the operations of the tank for twenty years . ; empowers it , to transact the general busi ness of banking, the collection of its debts, SEC. 5. That it shall be the duty of the Auditor General to report annually to the Legislature, within "three days from the commencement of the session, a summary of the statoand condition of every incorporated bank or banking _institution, and every priviite bank from which reports have been received for the prececding year, at the sevpral dates to which such reports refer; &c., &c. . SEC. 6. That any increase of capital alter ation or addition shall be advertised, as pro vided for in the 2d section of this act, for sir. months, and then be submitted to the stookholders at a general meeting called for that purpose, and by them approved ; and further, any such increase of capital, altera tion or addition shall also be approved by the Auditor General; and if approved by the same, shall be attested and recorded, and published as is provided in - the original for mation of said bank. Sec. 7. That the Auditor General of this Commonvrealth a siMlr cause to b; engraved and printed in the best manner, to guard against counterfeiting, such quantity of cir culating notes in blank of different denom inations, not leas than five dollars, each of which is authorized to be issued by the banks of this CommoUvrealth 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 be countersigned by the Auditor General or by a clerk appointed by him for that purpose, numbered and registered in his office in manner as directed by him in a book kept for the pufvose, and kll mums issued by him shall tje uniforM, and they shall have stamp ed on them, secured by the deposit of public stock. SEC. 8. That the plates, dies, and mate riali to be procured by the Auditor General, for the printing and making of such bills or notes for circulation, shall remain in his custody and under his direction, and the ex penses necessarily incurred in executing the provisions dais act shall be audited by the Auditor General,and paid out of the treasu ryon big writtenorder, and for the purpose of reimbursing the same the Auditor Gener al is hereby authorized and required to charge against and receive from each bank or banking association applying for such notes far circulation, such rate , per cantum thereon as will repay the expenses neces sarily incurred, as before directed. Sac. 9. provides that the Auditor General, gtintiDito. "NO ENTERTAINMENT IS SO CHEAP AS READING, NOR ANY PLEASURE SO LASTING." COLUMBIA, PENNSYLVANIA, SAZURDAY MOR.NING, APRIL 21, 1860. with the approval of the Governor, shall de vise a seal with a suitable inscription. for this branch of his duties, &c. SEC. 10. That banks established under this act upon legally assigning to and de positing with the ArttlitorG emend the bonds or evidences of debt of the Commonwealth' or of the United-States, shell bd ectitled to receive an amount of such circulating notes in blank,-of the denominations such as they may require, numbered f registered, counter signed and stumped as is herein provided fur, the bonds and stocks to be taken at five per cent. less than their market value: Prorided, That tae same is not above par. SEC. 11. provides that the Auditor 'Gen eral may, at his discretion, exchange such hoods or evidences of debt, or any of them, on receiving other approved bonds or evi dences of debt of this Commonwealth, or of the United States, of equalartiotint i &c. SEC. 12. provides that the bank or bank. ing association transferring bond.. or evi dences of debt to the Auditor General, may receive the interest that accrues thereon, unless default shall be made in pitying the bills or notes to be countersigned as aforesaid or unless the bonds or evidenees of debt pledged shall become insufficient security for the payment such hills or mites. And it further provides for a semi-annual valua tion of said public stocks, that if they de cline so low in market value as to be unable to secure noteholAers, the banks may be compelled to give further security. SEC. 13. That the affairs of every bank, shall be managed by not less than live nut. more than eleven directors, and they shall e'es.se niic I their number :Ls president of the kink. Ei.strt lirector shall e a citizen of this Commonwealth : each •lirector shall own, in his own name and rigid, at least one per cent. of the capital stock of the batik. up to two hundred thousand dollars : each di rector shall take an oath that he will, so far as the ditty devolves on him, diligently and htniestly administer the aff.drs of the batik, and not knowingly violate, or willingly per mit to be violatel, any of the provisions •.f this act, and that he is the bona fide owner, in his own right, of the s..vek standing its his name on the books or the h.i.mtc. and that the dame is not hypothecated. or in any wn.i, pledged its security fir any Ma:. ,btiiiited or debt owing, which oath subscribed by him self, and certified by the officer before iv hero it was taken, shall be filed and carefully preserved in the o ffi ce of the remit der ol deeds in the county in which the bank is luuatcrl; but nn parson shall be president: cashier, tir director, or either, of in.ire than one bank nt the saute time. SEC 14. That rho directors of any bank first elected shall hold their places until the first Monday in November next thereafter, and until the r successors shall be elected and qualified. All subsequent elections shall be held annually, upon the first Mon day in November, and the directors so elec ted shall bold their places for one year, and untill their successors are elected and quali fied; but any director removing from the State, or ceasing to be the owner of the re quisite 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 appointed shall hold his place until the next annual election; and if, from any cause, an election of the directors should not be made at the time ap pointed, the bank shall not fur that cause be dissolved, but an election may be held on any subsequent day, thirty days' notice thereof having been given in a newspaper * printed in the county where the bank is 10. cuted. Scc. 15. That in all elections for direc tors, and in deciding all questions at meet ings of the stockholders, each share shall entitle the holder thereof to one vote. Stock holders may vote by proxy, duly authorized in writing, if dared within thirty dais; but no officer, clerk, teller, or bookdteeper of the bank, shall act as proxy, and no stockhold or, whose liability to the bank is past doe and unpaid, shall be allowed to vote. Sec. 16. That no bank shall be permitted to commence to carry on the business of I banking under this act unless at least tiree ty per centung or the capital stock of such bankehall be paid in gold and silver coin or bullion, and shall be in the actual posses sion and bona fide the property of the bank at the time of its commencement of its bank ing and at the place designated for carrying on such business. Sac. 17. That the-capitol stock of each bank shall be divided into shares of fifty dollars each, and shall be assignable on the hooks of the bank in such a manner as the by-laws shall prescribe; but no shareholder shall have power to sell or transfer any shares held in his own right, so long as he shall be liable either as principal debtor, surety or otherwise, to the bank for any debt, without the consent of a Majority nf-the di rectors; nor shall 'such shareholder, when liable to the bask for any debt - that is over due and' unpaid, be entitled to receive asy dividend; interest, or profit on such shares as long as such liabilities shall continue; but all such dividends. interests, or profits shall be retained by the bank and applied to the discharge of such liabilities. Sec. 18. That if any shareholder, or his assignees, shall fail to pay any instalment on hit stock, when the sante shall be re quired to bo paid, the bank may sell such stock at public auotion, having given three weeks' previous notice thereof, in two news papers, in the county where the bank is lo cated, if two are published, and if two are not published, then in one, to the highest and best bidder for the seine, and the excess, if any, after paying - the expenses of the sale, shall be refunded to the delinquent stock holder: SEG. 10. That if arty book authorized by the provisions of this act, shall refuse to pay its notes of ciretilation or any of them, in gold or silver coin of the lawful currency of the United States, on which payment shall be lawfully demanded at its banking-house or customary place of doing banking busi ness, during usual banking hours, the hold ers of such protested notes may cause the same to be protested for non-payinenf by a notary public, under hie official seal, in the usual manner, and the Aud tor General, on receiving and filing in his office Such protest. shall forthwith give notice in writing to the maker of such noteor notes, to partite same, and if they refuse to, paithe same with in terest, costs, and protest, for (twenty) days after such notice, the Auditor General shall thereupon declare such ballet() have com mitted an act of insolvency. Scc. 20. That the Auditor General upon receiving reliable information that any baak has committed an act of insolvency, shall forthss is h appoint a committee of three judi dons and discreet citizens of this Common wsalth shrill receive five dollarl per day each, and their travelling :rid necessary ex penses, all of which to be paid by said hank, who shall make immediate inquiry into the truth la such information and report there on to the Auditor General of the Common wealth. and if the said committee, or a ma j,rity of them, shall report that such bank has suspended pa} meat of its totes in gold and silver, ho shit II foi 'mitt* appoint n suit able receiver. who shall take immediate possession of the hooks, records. money, choses in act.l it and property at such bank, of every description, including the securi• ties deposited with the Auditor General, and hold the some for the joint use of the credi tors of the failing hank, the compensation of such reveiversf.ball Ise live dollars per day oath. and travelling and necessary expen ses, to be paid by sai bank whose assets he is appointed to take possession of. SEC. 21. That the receiver appointed as provided in this act shall be required to give I) and in such sum, aunt with such sure ties, as the Auditor General and Governor shall deem sufficient, and under the .direc tion of said Auditor General shall proceed to scale up dm affairs of such bank, and shall convert into in nay all its asset a, Of every kind whatsoever, with the least pos sible dela . Taom may so made shall be applied 1. To pay all the liabilities on account of the notes of circulation: to pay the same 00 demand, and set aside a sum sufficient to meet all the said notes outstsoding. 2. Then to pay all the deposits of the bank. 3. To the payment and ,discharge of all the remaining liabilities of finch hank. 4. And the residue shall h divided among the 4tockludders of the failing bank in proportion to the stuck by them respec tively held. Sec. 22. That it shall be the duty of the cashier of every bank to publish monthly in one newspaper of said county, ccht.reiti the same may be situate. if there be (two) pub lished in said county, one of which shall be in the German language, if such a one is published in the county, the entire amount of the assets of the bank as herein provided for, and every class of items therein, under separate heads, setting forth:the amount of capital stock actually paid in, the enure amount of indebtedness and liabilities of said bank, the amount tf gold and silver in the vaults of the bank at the time of mak ing the exhibit, the amount of bills, bonds, notes, and other evidences of debt, the value of the real and personal property of the bank. Ste. 23. That the directors of each bank shall, semi annually. on the first Monday-of May and November, declare a dividend of so much of the net profits of the bank as they shall judge expedient, and pay the same to the stockholders, on demand, at any time after the expiration of ten days there from, but such dividend shall in no case ex eeed the am mot of the net profits actually squired, so that the capital stock of the bank shall never be thereby impaired, and if the directors of the bank shall make any dividends which shall impair the capital stock of the bank, the directors consenting thereto shall be jointly and severally liable. iu any action of debt, scare facial, or bill `fn equity, in their individual capacities, to such corporation for the amount of the stock so divided, and each director present, or otherwise. when such dividend shall be made, shall be adjudged ta be consenting thereto, unless he forthwith enter his pro test on the minutes of the board, and give publ , c notice to the stockholders of the de claring of each dividends. Sac. 24. provides fur the amount of tax the new banks shall pay intb the Treasury of the State. Sec. 25. That on each dividend day, the cashier shall make a full, clear, and accur ate statement or exhibit of the condition of the bank, as it shall be on that day, after declaring the dividend, which shall be veri fied by the oath of the president and emlier, setting forth 1. The amount of the capital stock actual ly paid in and then remaining as the actual capital stock of the bank. 2. The nmount of the bills and notes of the bank then in circulation, specifying the amount of each denomination. 3. The greatest amount ofnotes in circula tion at any time since the making of the last previous statement, specifying the time when the same occurred. 3. The balances and debts of every kind due to banks of this Sti te, and the amount due to banks not of this State, 5. The amount due to depositors. 6. The total amount of debts and liabili ties of every description, and the greatest amount since the last previous statement, specifying the time when the same occurred. 7, The total amount of dividends declar ed on the day of making the statement. 8. The amount of gold and silver coin and bullion belonging to such bank, and in pos session at the time of making the statement, designating the amount of each. 9. Tho amount on hand of bills bonds, notes, and other evidences of debts discount ed or purchased by the bank, specifying particularly the amount of suspended debt, the amount considered bad, the amount con sidered doubtful, and the amount in suit or judgment. • 10. The value of the real and personal property held I>r the convenience of the bank, specifying the amount of each. 11. The amount of •real estate taken for debts due the bank. 12. The amount of the undivided profits of the hank. 13. The total amount bf the liabilities to the bank by the directors thereof collective. It, specifying the gross amount of such liabilities as principal debtors, and the gross amount as endorsers or sureties. u. The total amount of liabilities to the bank by the stockholders thereof collective ly, specifying the gross amount of such liabilities as principal debtors, and the gross amount as endorsers or sureties, which statement shall be forthwith transmitte I to the Auditor General of the Commonwealth, and a copy thereof immediately published three times in two newspapers of the c iunty in which said bank is located, provided the same are published, one of which papers shall be in the German language within the county, or in two English papers. Sec. 2G. That if any bank, against which the Auditor General shall have instituted proceedings on account of any supposed act of insolvency, as prescribed in this act, shall deny having committed such net of in solvency, such bank may apply to any court of competent jurisdiction for a writ of in junction to said Auditor General, to sus pend all further proceedings against such !Link as an insolvent bank, and such court, after citing said Auditor General to appear and show cause why such writ should not be grant° I, and after the finding of a jury that such bank has at all times continued, and still continues, to re teem, in gold and silver coin. its totes of circulation, shall make an order enjoining the Auditor Geller al from all further proceedings against such bank on account of the supposed act of in solvency on which such proceedings were instituted, and thereupon all the property and assets of such bank shall be restored to its directorm. Sec. 2.7. That if the Auditor General in Any case fail to proceed in the manner prescribed in the foregoing sections of this act, in providing for the payment of the outstanding notes of circulation and other liabilities of the failing bank, and in clos ing the anirs ()rimy hank bat shall have committed an act of insolvency, the holders of any o. its notes of circulation or other creditors of such bank, may, in case pay ment of such notes of circulation or other claim has been refused when lawfully de manded and remain unpaid, apply to any court of competent jurisdiction, fur its writ commanding the Auditor General so to pro ceed, ,to. Sze. 28. That if any bank shall neglect or refuse to comply with any order of the Auditor General, made in accordance with the provisions of this act requiring such bank to reduce its circulation, or to provide a larger amount of specie or other means, or to pay in its stock, or to do or erase to do any other matter or thing which said Audi tor General may deem necessary for the security of the noteholders and other credi tors, then the Auditor General may apply to anyjudge of competent jurisdiction, by petition, in which the Auditor General shall be made the petitioner, and the bank im plicated the defendant, 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 the Auditor Gan• era' having made affidavit of such neglect or refusal, then it shall be the duty of such judge to allow an injunction, &c. SEC. 29. That upon the Allowance of any such injunction, the property, creditors, securities, liens, and assets of every descrip tion of such bank, shall forthwith vest in the Auditor General, who shall appoint a receiver or receivers to take possestion of the same, as is provided heretofore by this act, 4tc. SE . C. 30. That no bank shall take as security for any loan or discount a lien on any part of its capital stock ; but the same security, both in kind and amount, shall be required of shareholders as of persons not shareholders, and no bank shall be the bolder or purchaser of any portion of its capital, or of the capital stock of any other incorporated bank, unless each purchase shall be necessary to prevent loss upon a debt previously contracted in good frith, on security which at the time was deemed adequate to insure the payment of such debt, independent of any lien upon such • $1,50 PER. YEAR IN ADVANCE; $2,00 IF NOT IN ADVANCE stock, or in case of forfeiture of stock, for non-payment of the instalments due thereon, as provided in this net ; and stock so pur- chased shall in no case be held byithe 'bank so purchasing for a longer period of time than six months, if the same can be sold fur what the stock cost the said bank, or at par; nor shall any bank, either directly or indirectly, pledge, hypothecate, or exelyin,ge any of its notes of circtlation fur the pur pose of securing money to be paid in on its capital stock, nor pledge or hypothecate, directly or indirectly, any such notes to be used in its ordinary business operations. SEC. 31. That each bank shall at all times have on hand in gold or silver coin, or its equivalent, in its vaults, an amount equal to twenty per centum of its circulating notes of every description whatsoever, and when ever the amount of its outstanding circula ting notes shall exceed the above-named proportion, no more of its notes shall be paid out, or otherwise put in circulation by such bank, nor shall such bank increase its linlilities by making any dividends of its profits, until the required proportion be tween its outstanding circulating notes, and golf and silver coin, or its equivalent, shall be restored. Scc. 32. That no bank shall, during the time it shall continuo its operations, with draw, or permit to be 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 the bank, equal to or exceedinx its undivided profits then on hand, no dividends shall be made ; and no dividends shall ever be made by a bank while it shall continue its banking opera tions, to an amount greater than its not profits then on hand, deducing therefrom its losses and bad and suspended debts, and all debts due to the bank on which interest is paid, due, and unpaid for a period of six months, unless the same shall be well secur ed, or shall be in process of collection. shall be considered bad and suspended debts with in the meaning of this section. Sec. 33. That no bank shalt at any time issue, or have in circulation, any notes, drafts, bill of exchange, acceptance. certifi cate of deposit, or other evidence of debt, which from its character or appearance, shall be circulated, or intended to circulate as money, other than such notes of circu lation as are by this act described, and which such bank is by this net authorized to issue f,r the purpose of being circulated as money. Sze. 34. That each bank shall receive at par at the office or banking house of such bank, in payment of dues payable at such bank, for notes of hand, bills of exchange. or other evidences of debt, discounted or purchased by, or belonging to such bank. the notes of circulation issued by any other solvent bank, incorporated under the pro visions of this act. — Sec. 35. That every bank may take, re serve, receive, and charge, on any loan or discount made, or upon any note or bill of exchange, or other evidences of debt, at the ram, of six per centum per annum on the amount of any such note, bill of exchange. or other evidence of debt so discounted. and no more: Provided, however, That interest may be reserved, or taken in advance, ut the time of making the loan or discount, accord ing to the usual rules of banking, &c., &c. SEC. 36. That all transfers of notes, bonds, bills of exchange, and other evidences of debt owing to any bank, or of deposits to its credit, all assignments of mortgages or other securities on . , real fistula, or of judg ments or dezrees in its favor, all deposits of money; bullion, or other valuable thing for its use, or for the use of any of its stock holders or creditors, all payments of money to either, made after the commission of an act of insolvency or in c'mtemplation there of, with a view to prevent the application of its assets in the manner prescribed by this act, or with a view to the preference of one creditor to another, except in payment of its circulating notes, shall be held utterly null and void. Sec. 37. That, if the directors of any bank shall knowingly violate, or knowingly permit any of the officers, agents, or ser vants of such bank to violate, any of the provisions of this act, all the rights, privil eges and franchises of such bank shall there by be forfeited. Such violation shall how ever, be determined and adjudged by acourt fif compotent jurisdiction, ,tc. Sec. 33 provides for the punishment of every president, director, cashier, teller. clerk, or agent of any bank, who shall em bezzle, abstract, or wilfully misapply any of the moneys, funds or credits of such bank, or shall without authority from the direc tors issue or put into circulation any of the notes Of such bant, or shall without such authority issue or put forth any certificate of deposit, draw any order or bill of ex change, make any acceptance, sign any note, bond, draft, bill of exchange, ,fic., by confinement in the penitentiary at hard labor not less than one nor more than ten years. SEC. 39. That the several banks and banking assooiations of the Commonwealth incorporated for the purposes of banking under special charters, are hereby author ized, by a vote of tho stockholders of said institutions, to call in and cancel their circulating notes and to carry on the busi ness of banking under the provisons of this act. Sec. 40. That the notes issued by any bank incorporated under this act shall at [WHOLE NUMBER 1,548. all times be receivable in payment of all State taxes and other Stare dues. Sec. 41. That the General Assembly may alter or repeal this act at pleasure, but no net altering or repealing this act shall im pose nny injustice or wrong upon the stock holders of any bank; and that any associa tion of citizens who have declared their in tention to make application to the "present Legislature for an act of incorporation to organize a bank of issue, and have caused such advertisement to be made of the same as is required by law, may, with their as sociate.% establish n bank under the provi sions of this act at any time after its passage. Provided, the Attorney General is satisfied and does certify that Such advertisement has been made in conformity with the Con stitution and present laws of this Common wealth. Step-Daughter vs. Step-Mother It was due to Sir William Alexander to say that he gave the prcsince the proud name which at present it enjoys, of Nova Scotia, or New Scotland, n title much more appropriate than that of "Acadia" which to us means nothing. At this time the French Colony was slowly recovering from the ef fects of the Argon expedition, that eight years before had laid waste its fair posses sions. Among a number of emigrants from the Loire and the Seine, two gentlemen of birth and education, La Tour by name,. father and sou, set out to seek their fortune in the New World. It must be remember. ed that in the original patent of Acadia. given by Henry IV to Do Monts, freedom of religious opinion was one of the conditions of the grant, Lind therefore, the fact, that both the La Tours were Hu. , uenots did not prevent them bolding commissions under the French crown, the father having in charge a smell fleet of transports ready to sail frum the harbur.of Brest ; the son be ing the commander of a fort and garrison at Cape Sable, upon the western end of Acadia. Affairs being in this condition, it chanced that the English and FrenCh ships set sail for the same port, n t about the saute time and it so happened that Sir William Alex ander's fleet, meeting with the elder Im Tour's in a fog. not (iffy captured that gal. lan t chieftain, but also his transports, muni tion of war, stores, artillery, &c., and sailed b wit with the prizes to England. I 'beg you to observe, my dear reader, that occur rences of this kind were common enough at this period even in times of peace, and not considered . piracy either; the ocean was looked upon as a mighty chessboard, anti the game was won by those who could com mand the largest number of pieces. Claude de la Tmr, not as a prisoner of war, but as an enforced guest-of Sir William, was car ried to London, and there robbed of his goads, hut treated like a gentleman, intro duced at Court, although dcprired of his purse and liberty, and in a word, found himself surrounded with the most hostile and hospitable conditions in life. It is not surprising then, thnt, with true French philosophy, he should hnve made the best of it: gained the good will of the Queen, play ed off a little badinage with the ladies of the court, and forgetting the late Lady •de la Tour, asleep in the old graveyard in the city of Rochelle, essayed to wear his widower weeds with that union of grace and senti ment for which his countrymen are BO cele. brated. The consequence was, one of her Majesty's maids of honour fell in love with him ; the Queen encouraged the match; the King had just instituted the new • order of Knights Baronet, of Nova Scotia ; La Tour, now in the way of good fortune, was the first to be honored with the new title, and, at the same time, placed the matrimonial ring upon the finger of the love-sick maid of honor. Indeed, Charles Etiermode la Tour, commandant of the little fort at Cape Sable, had scarcely lost a father, before he - had gained a step-mother. That the French widower should have bean so captivated by those marks of royal favor as to lose his dis cretion, in the fullness of his gratitude ; and that after receiving a grant of land from his patron, as a further incentive, he should volunteer to assist in bringing Acadia under the British Crown, as a primary stop, un dertake to reduce the fort at Cape Sable; I say, that when I state this, nobody will be surprised, except a chosen few, who cher ish some old•fnehioned notions, in these days more romantic than real. "Two ships of war being placed under his command," ho set rail, with his guns and a step-m Other to attack the Fort at Cape Sable. The latter was but poorly garrisoned ; but then it con• tamed a daughter-in-law, Under such cir cumstances, it was plain to be seen that.the contest would be continued to the hut ounce of powder. Opening the trenches before the French fort, and parading his Scotch troops in the eyes of his son, the eider La Tour at tempted to capture the garrison by' argu ment. In vain be "boasted of the reception he had met with in England, of - his interest at court, and the honor of knighthood . which had been conferred upon him." In vain he represented "advantages that would result from submission," the benefits of British patronage ; and paraded before the eyes of the young commander the parchment grant, the seal, the royal autograph, and the glit tering title of Knight Baronet, which bad inspired his perfidy. His son, shocked and indignant, declined the proffered honors and emoluments that wore only to be gained by an act of treason ; and intimated big inten-