THE P.Rkrdbi.
rIINLIIIMID DAILINSUNDAYS lIXONPTADJ
NW JONN W. FORNEY,
011101, No. 111 SOUTH FOUNTR STREET.
Willa DAILY PRESS,
ItORTIIII Cana Pas Weak, payable to the Carrie.
'Mailed to Subscribers out of the City at RIGHT DOLLA26
rim karmic Fora DOLLAriS Yoe SIX Moirme, Two Doi,
I,las 701 TRW licarraa—levariably La advance for the
ime ordered,
Atir Advertisements Inserted at the wmal rates. SIX
Mines constitute a square. •
THEI Txu-wvarxxor PRIMSS,
Nailed to Subscribers out or the City at roin Dor,
a/BA PHIL ANIRTX, In advance.
lei :1,11i:41414,44.44,g,4416,1;441441
cO6. ARCH STREET. 606.
IFINE SHIRT AND WRAPPER EMPORIUM
Pan Assortment of
GENTS' FURNISHING GOODS,
IN GREAT VABIBTY.
IFITTERIOR QUALITY, AND AT MODERATE PllO •
G. A. HOFFMANN,
Suocessor to W. W. KNIGHT.
4108 ARCH STRUT. 608.
ia&atnth am
THE FINE Kula EMPORIUM,
Noe. 1 AND 3 HUTH SIXTH STREIT.
JOIIN O. -ARRISON,
(FORMERLY I BURR MOORE.)
IMPORTER AND MANITFACTIIRER OF
GENTLEMEN'S FURNISHING GOODS
IN GREAT VARIETY AND AT MODERATE PRIG :
N. B.—Partlenlar attention given to the making of,Shixta,
'Collars. Drawee, &C
VINE SHIRT - ILANURAOTORY.
The ealieertlier Would Invite attendee to hie
IMPROVED CUT OF SHIRTS,
Which be rashes a specialty In hie buslnesu Also, eon.
niantly resifting.
NOVELTIES FOR GENTLEMEN'S WEAR.
3. W. SCOTT,
GENTLEMEN'S FURNISHING STORE.
Po. 814 cznorNur STREET.
Four doors below the Contlnental.
PAP GIL HANGINGS.
VVVV,....VVVVVVV.
TEILA.DELP-Hri
% • • •
PAPER HANGINGS.
HOWELL Sc BOURKE,
CORNER OF
%room( AND 3fARKET ,STREETS,
IfAXIIPACTEIREES 97.
PAPER nANGINGS,
.. • -
AND WIND OW OURTAIN . PAPBRAI
. •
- • •
Offer to the Trade a LA B OR AND BIRGART:ASSORT
31ENT OF GOODS, teem the cheapest Brown Stook .t o ,
• •
the Finest Decorations.
•
'N. E. COR. FOURTH AND MARKET STREETS.
N. D. —Solid Grow, Blue, sad Buff WINDOW PA
PERS of oven , grade. '• • fel3-Em
CLOTELES-WRINGERS.
Tin GREA.T CLOTHES WittsIGIAB.
" PUTNAM •
"SELF-ADJUSTING CLOTHES WRINGER"
la warranted to be snperior to any other In use.
EVERY FAMILY SHOULD POSSESS A. •
CLOTHES WRINGER.
BEOAVBH,
Lt. It Is a relief to the hardest part of washing-day.
24... It enables the washing to be done in one-third less
U r
It saves clothes from the injury always given by
fevisiing
4th. Hhelps to umeh the clothes as well as dry them,
WE BELIEVE IT ADVISABLE TO PROCAINE
ONE OF THIS BIND,
PaOAUSS,
lnurr. The rolls being of vulcanized rubber, will
ibear hot and cold water, and will neither break nor teat
off buttons.
SHOOND. The frame being of iron, thoroughly gal
eranized, all danger from rust is removed, and the Ha.
btltty to shrink, anell, spilt rie., so unavoidable is
Wooden machines, is prevented.
THIRD. The spiral oprings over the rolls render this ma.
ohlte self-adjueting, so that small and large articles, as
Swell as articles uneven in thickness, are certain to re
ogre uniform pressure,
Youars. The patent fastening by which the machine
te tightened to the tub, we believe to be superior in sim
plicity and efficiency to any yet offered.
Firm It will At any tub, round or square, from one-
half to ontaandet-quarter inches in thickness, without
kite least alteration. •
RETAIL PRICE t
Be.oo No. 2. stLoo. •
li` Agents wanted in every county.
*IP Reliable and energetic men will be liberally dean
pith: .
For Sale at the
4 `WOODE.NWARE ESTABLISHMENT"
OP'
A. H. FR,ANCISCUS,
No. 433 MART St. and No. 5 North FIFTH St.,
jeig.tutha tmhg Wholesale agent for Pennsylvania.
SEWING 111/1011111ES.
STILL TEUEREI
AT. THE .OLD STAND,
68 CHRSTNIIT STREET,
Second Door, opposite aagne's Egli.
WHEELER a. WILSON
SEWING MACHINES.
The undersigned has' not removed, but is ready at his
Old Office to supply customers, at the lowest prices, with
ovary style and quality of
WHEELER & WILSON SEWING MACHINES.
Machines to hire; also, with first-class operators, to
private families and hotels, by the day,
Machine stitching done at short notice, in any quantity.
Machines repaired and operators taught
de26-3m HENRY COY.
SINGER'S
SEWING MACHINES,
Yor Yamtly Balling and Manufacturing Purposes.
810 CHESTNUT STREET.
lalS3m
frilliki Wilcox & GIBBS
• 1111 MT •
SEWING MACHINES
illY4 been greatly improved, making it
ENTIRELY NOISELESS,
And with SelEsdi noting Hemmers, are now ready for sale
by FAIRBANKS & Street.
5a274 . Tl 5 CHESTNUT Street.
DRUGS AND CHEMICALS.
ROBERT SHOEMAKER & 00.,
Northeast Corner Fourth and BACK Streets.
PAILADELPInk.
WHOLESALE DRUGGISTS,
hIPORTIERS Ale DIALERS
FOREIGN AND DOMESTIC . .
WINDOW AND PLATE GLASS,
XANIITACTORIIIIO OF
MUTE LEAD ADD ZINC PAINTS, Ira, &o
10113111 YO IRA CELEBRATED
FRENCH ZINO PAINTS.
Dealers and aezuminera saprilled. at
'FRY LOW PRICES FOR CAUL
ao274ba •
CABINET FURNITURNU
fIABINET FURNITURE AND: BE.
"-• LIABD TABLES.
MOORE lb CAMPION,
No. 261 South SECOND Street,
Du connection with their extensive Cabinet Bushman. are
Dow manufacturing I superior article of
BILLIARD TABLES.
Sad have now on hand a full slimly, finished with the
MOORS & CAMPION'S IMPROVED CUSHIONS, which
are pronounced by all Who have used them to be sups.
tier to all others,
For the quality and finish of these Tables the man*
factrirers refer to their numerous patrons througiumt
the Union, who are familiar with the character of their
Work. araftlim
A OPPENHEIMER,
Jos..
. .
No. 231 CHURCH Alley, Philo , blab..
CONTRACTOR AND NANTIPACTURER 01
ARMY CLOTHING
Of Every beeeriptiva.
ALSO,
HAVERSACKS.
PONCHOS.
CAMP BLANISITS.
KNAPSACKS. and
BED PICKINGS FOE HOSPITALS.
SLATBRIAL BOUGHT FOR CONTRACTORS.
All goods mode will be guarantied regrilation in AU.
A. B. Orders of any etas Med with dervatoh. Ja73m
CORNELIUS & BAKER.
MANUFACTURERS OP
LAMPS, CHANDELIERS,
GAS FIXTURES. ke.
STORE, 710 CHESTNUT ST:
MANUFACTORIES.
lOU CRUET Street, and FIFTH and COLUMBIA'
JaISIm . Avenue.
CAUTIO N.
The Well-earned reputation of
FAIRBANIKS' SCALES
aiss Induced the makers of imperfect balances to offer
Clem u "FAIRBANKS' SCALES," and purchasers have
(thereby, in many instances, been subjected to fraud and
imposition. Fairbanks' Scales are mannfactitred only by
Us original inventors, R, & T. FAIRBANKS & 00,, and
are adapted to every branch of the business, Where a
cornet and durable Scales is dealred,
FAIRBANKS & EWING,
General Ann*
WM( MASONIC HALL, 715 CHESTNUT ST.
•
* F. I. G. *
ZINO ARMY AND TOILET MIRRORS,
The beet In the world for Antal' and durability.
8.. M.
Si.
The best brand Bilk Finished
VELVET RIBBONS.
Bola Agent, BENJAMIN M. SMITH ,
Via DITANE Street, near West Bro
N adway,
faalf - • ew York.
VOL. 6.-NO. 172.
4 6 My Name is MorYel.P ,
My name Ls Nerved near H. Darby Hill;
My father used to run an iron mill,
Aud kept myself at home I was sore ;
Bet that be thought I'd ran away to war;
But simply, as the old man would 'declare ,
Because my clothes wore never itt to wear—
'For Cribb; the village tailor, did our work,
And made our breeches bag enough for Turk.
The seasons canto, the so/Woos quickly
Ply speak was up and a spirations grew: k
saw the cronies who wore nicely dress d,
Could weep their woes upon a wealthy breast ,
Then settle down upon a spicious Perin,
And new that wed lock was & perfect charm; '
' But ilfabsy Norval not a heart could fill,
A»d so I loafed about the troll mill,
Where °felt hinking I would turu recruit '
-In'hopo o f Nile; In a decent snit.
teridoilatui den with the gold and grace
Bee tookaltaterest my awful case.
She whistle; , gomething in the old man's ear,
When bothanfimelf and father disappear,
That very might, in clothing most complete;
'I hoard this lady toll mo something sweet,
I'm married, too, and own a tract of land,
With wealth and love, and servants at command.
Now, on my word, lowa this treasure all
To one fine suit I bought at great Oak Hall.,
The best, cheapest, and larveat stock of fine and me
dium ready-mudo Clothing in Philadelphia.
WANAMAKER S BROWN,
• OAK HALL,
It • S. E. cor..SIXTH and MARKET Streets.
RETAIL DRY MWR.
ORE TRAIL. HOOP SKIRTS.—JUST
received, and daily receiving, from 'our manufac. ,
tor y, tbe above splendid SKIATS; also, Ladies' Misses',
and Friends' Bk•rts, at BALL'S Hoop-Skirt Store. No..
36 Forth NINTH Street, above Filbert.
N. IL—Wilmington Corporation Notes taken at par.
fe2o-Bt* •
j124-tap4
CLOSING} OUT WINTER STOOK AT
AND UNDER COST PRICES.
• Saxony Plaids and Poll Do Chevree. at 20 cta.
Best American Delaines, at 76
AU Imported Dress Goods at cost prices.
These goods are all really cheaper than Calicoes.
Plain Silks, rich colors.
Small;fignred Corded Silks, solid colors.
•
Pie in and firitred Black Silks.
Very heavy sro Grain Black Silks,
Rich styles Fancy Silks.
All of these goes are at last faint prices.
Pretty styles Fancy Silks, 56, 65, 75 chs.
Plain Black Alpacas.
Single and double-width Black All-wool Delaines. •
Plain Black liferinoeth Cashmeres, and Reps. .
• All at last fall's prices.
Engliab, Merrimac, Cocheco, Spragae, and all-the
best makes of Prints in the market., • • -:• •
Pillow Case, Sheeting, and Shirting Maellao..Wil
• .
Ilamsville and other approved makes. . •• • .
9-8 Waltham cud Pocasset, 5-9 Layman, tinblegehias
all Mien than the agent's case prices.
R. STEEL
NTHON.
. • Nos. 713 and 716 North TEamt..
1094 OBBSTNTIT STREET.
E. M. NEEDLES.
.NO. 1054 CHESTNUT STREET.
MUG the SPECTAL ATTENTION Of the Ladies to hie
LAME STOCK of
Nnirl2 GOODS,LACEI3, 131111MOIDERIFS,
. HAND KERCHIEFS, &c.
A greater part of his goods have been purchased
MOODS to the recent GREAT ADVANCE, and
are now being RETAILED at LESS than whole
sale prices. He bas JUST OPENED:
100 dozen broad Hemstitched lldkte.. at 30e..
and upwards.
SOD . dozen corded-b Ordered Hdkfs.,
at 18c., worth l cents.
60 pieces plain, brat, and white Piqud, for
Children's wear.
60 pieces printed and flg'd Piqué, for ChUdren'e
wear.
NOVELTIES IN LADIES' BOWS.
. _
Emb'd lanolin, lace trimmed, &c., received
every morning, from 60c. to es. &10-t!
1024 CHESTRITT.STR.EBT.
F.LEND ID • STOCK . 'ON . - HAND.-- - . -
A-P Allll Sr beat makes of Calicoes. • - '
r All lite be st mikes of Ecuilins. • '
Al the estmakte of Linens.
All the beet maims of Sheetings.
All the beat make s of Napkins.
Together with Towels, Crash. Diaper Hackaback. Bird
Eye, Berlap, &c. &c.
'White Cambric and Jaconet, full line.
Nainsooke and Plaid Munlins, fall line. .
Winter Goode cloning out. . . .
Shawls, Merinoes, closing out,
, .‘
Balmoral Skirte. all prices
Silk and Linen Hdltts, nice assortment At •
JOHN H. STONES',
la 21 702 ARCII Street.
EDWIN HALL & BRO.,
NIG South SECOND Street,
Have reduced the priaeakof
Panay_ Silks,
Rich Printed Drees OoOds,
Choice Shades of Itferinoee,
Beautiful Colors of Reps or Poplins.
All-Wool De Lathes,
111 kinds of dark dress goods reduced.
Also,
Pine Long Brooke Shawls.
Open Centre Long Cashmere Shawls,
Rich new styles of Blanket Shawls.
44 Lions Silk velvets. pure Silk.
1 - )RY GOODS FOR WINTER'. • •
•■•••' Rep. Poplins,
French Merinos, ' • •
•
Colored Monsselinss,
Fordt De Soles,
Foulard Silks. ' • • '
Blanket Shawls,
Balmoral Skirts.
Black Slika,
Fancy Bilks,
Black Bombazines,
Worsted Plaids,
Cheap Dolaines,
French Chintzes,
Shirting Flannels,
Broche Shawls,
Fine Blankets,
Crib Blankets.
BEARPLaS BBOTUBBS,
OBESTBUT and EIGIITH Streets.
WILT J A MSVILLES, WAIISTITTAS,
York Premiums, Poreetdales. - • • '
Edward Birds, Bay Mill, and
Other good makes Skirtings.
104 Utica, Waltham and Pepperell Sheeting&
FINE LINENS
At nearly old prices.
Cheap Damask Clothe; Power-Loom Linens.
Good Napkins, Fite Towel!' and Doylies.
BLACK ALPACAS,
Pine Colored Alpacas,
Prints, Delalnee, Cheap Reno. •
All-wool Reps at Coat.
Balmorals—Good Skirts, full ' size, $3. • • •
Closing out Winter Cloaks and Shawls.
Closing out Boys' Winter Clothing.
COOPER & CONAN%
Ja24-tf a R. It^eorner NINTH and MARKET Earwax.
PYRE & LA_NDELL, FOURTH AND
A-4 ARCH, have a line stack of
GOODS FOR FAMILY CUSTOM.'
Good Large Blankets.
Good Linen Shootings.
Good Muslin by the piece:
Good Unehrinking Flannels. •
Good Fast-Colored Prints. - •
Good Table Linen and Towel&
Good Quality Black Silks. • -
Good Assortment Colored Silks.
CRIB AND CRADLE BLANKETS.
Large Crib Blankets. -
Eine Cradle Blankets. •
jal LYRE St LANDELL, FOURTH and ARCH
F,MBROIDERIES ! EMBROIDERIES 1
— . French Needle-worked Bands, Edgings, Insert
lngs, Ildkfs, Collars, Setts, Skirts, & o. ; a large assort
ment of very choice goods at low prices.
SHEPPARD, vex ELRLINOEN & AREISOR,
fel).3wif 1008 CtrIESTNUT Street. •
P RINTED LINE Si PRINTED
LIMNS! f--.At a small advance on the old prises, a
lame assortment of Printed Linens, in new and dash*.
We patterns. suitable for children's wear, dresses, Ate. •
SHEPPARD. VAN HARLINGEN, & ARRISON, •
feff-Swif 1008 CHESTNUT Street. '
TIOMESTIO MUSLINS, SHEETING%
Ste.—All of the desirable makes for ode, at the
lowest cash prices.
SHEPPARD, VAN HARLINGEN,__Sc ARRISON.
fe9-9wif . 1008 CHESTNUT Street.
CARPETS AND OIL CLOTHE.
GLEN ECHO MILLS,
M'CALLUM ea CO.,
MANUFACTURERS. DIPORTERS, AND DEALERS.
509 CIiESTNITT STREET,
(Opposite Independence HMI, )
CARPETINGS,
OIL CLOTHS, ac.
We have now on hand an exteneive stock of CARPET-
INGS, of our own and other makes, to which we call
the attention of eamb and short-time buyers. fold-3m
•
CARPETINGS AND BEDDING.
• .
•
REMOVAL.
•
REEVE L. KNIGHT SON
•
•
WILL OPEN
ON MONDAY, 23d inst.,
AT
• •
807 CHESTNUT STREET.
• r .
N. B. —The manufacture and sale of Bedding Will also
be continued at the OLD STAND, No. 262 South
SECOND Street. •• fel7-It
A •CARD.—THE SITBSCIRIBER,
A
IN° made arrangements with Meagre. REEVE . L.
ENIOHT & SON will be found at their Now • Store, No.
807 CHESTNUTStreet, above EIGHTH. Street, North
aide,_ ready to watt on his old friends and customers, on BIONDY„ the 2Sd Inst. , with anew and superior stock
or every description of CARPETING and BEDDING,
which will be offered at the lowest easVrices. A call
t o respectfully solicited. • - -ROBERT B. ALKE R.
$O7 CHESTNUT Street,
felildm Above EIGHTH Street. North side.
HIGHLY 'IMPORTANT. TO THE
GEORGE'S PATENT HAER-CRIMPIR.
We ta kee pleasure in informing our numerous friende
in Philadelphia that we are now prepared to furnish,
immediately, this indispensable article to every lady's
toilet, either wholesale or 'retail. On account of the
great rush for the Crimper we have been unable to
supply the great demand until now. Tho single Crimp
er, melt full direettonß, will be forwarded to any ad
dress, free, on receipt of one dollar and twenty-five
cents. We furnish the Crimper at a liberal discount to
the trade. Any lady can wave her own hair beautifully
in live minutes.
We have also a largo supply of the "Elegant Improved
Moat. Elliptic Sewing Machines," for which we invite
orders. Address H. G. SUPLEE,
fel943t* • 537 BROADWAY, NEW YORK.
PERPETUAL BEAUTY.- H LINT'S
WRITE LIQUID' ENAMEL, prepared from the re
ceipt of Madam Rachel Leverson, the celebrated Parisian
Ladies' Enameller. I It whitens the akin, giving it a soft,
PROD -lik e texture, and imparts a fret hness, smoothness,
pearl-like tint, and transparency to the complexion which
Is quite natural, 'without ltuurrto the akin, and cannot
possibly be detected. Price •25 cents, Ladies are re
quested to call for a circular, and try the enamel before
purchasing. This preparation Is Indispensable for the
%Inge. Sold only at HUNT $ CO.'S, - Perfumers.
fefl-Sm. 133 South SEVENTH street, alma Walnut.
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GERMANTOWIP, P
r).t `4l Flea,
SATURDAY, FEBRUARY 21, 1803
Confirmation of Army Promotions.
The Senate of the United States. in executive
session, on Thursday made the following confirma
tions
PAY DEPARTMENT
Regular Promotions
Lieutenant Colonel Timothy P. Andrews, Deputy
Paymaster General, to be Paymaster General, with
the rank of colonel, Sept. 6, 1.118; eke Lamed, de
ceased.
Major Hiram Leonard, to be Deputy Paymaster
General, with the rank of lieut. colonel, Sept. 6,
1862. vice Andrews, promoted.
To be Additional Paymasters in the Volunteer Force.
Robert Al. Lee, of Pennsylvania, July 28, 1862.
James B. Sheridan, of Penna. ' Oct. 27, 1862.
Samuel Bell, of Penna., Nov. 26, 18n.
John W. Beazell, of Penna., Nov, 26, 1862.
Jesse O. Dickey, of Penna., Nov. 26, 1862.
Theodore D. Greenawalt, of l'enna., Nov. 26, 1862,
David Heap, of Penna.,'Nov. 26, 1862.
James Harper, of Penna., Nov, 26, 1862.
James W. Johnson, of Penna., Nov. 26, 1862.
, Wtuih. B. Mendenhall, of Penna., Nov. 26, 1862.
- Edwin L. Moore, of Penna., Nov. 26, 1862.
W. B. Norris, of Penna., Nov. 28, 1862.
.• Wm. U. Nichols, of Penna., Nov. 26, 1862.
George J. Riche, of Penna., Nov. 26, 1862.
John W. Walker, of Penna., Nov. 26, 1862. -
Praneis B. Warner v of Penna. t. Nov. 26, 1862.
Daniel L, Eaton, of Penna. ?toy. 29, 1862.
Davis Alto; of Pennsylva nia.
Christian Long, of Pennsylvania. •
Gideon W. Palmer, of Pennsylvania.
Jacob Sallade, of Pennsylvania.
Alexander Freeman, of Pennsylvania.
QIIRTNRITASTER'S 'DEPARTMENT.
To be Assistant Quartermasters, with therank Captain.
Lazarus L.,Moore, of Pennsylvania, Aug. /6,1862.
Marshall J. Ludington, of Penna., Oct. 53 1862.
Orlando Al. Loomis,- of Penna., Nov. 25, 1862:
Philip L. Fox, of Penna., Nov. 26, 1862,
George D. HodgSon, of Penna., Nov. 26, 1862.
W. L. James, of Penna. Nov. 26, 1862.
._ . ,
W. Koontz, of Penna, Nov. 26, 1862.
J. W. Moyer, of Penna., Nov. 26, 1862.
David L. McKinney, of Penna., Nov. 26, 1862.
George D. Pdorria, of Penna., N0v.26, 1862.
H. D. Patten, of Penna., Nov. 26, 1862.
Henry C. Rogers, of Penna., Nov. 26, 1862.
: S. A. Seeley, of Penna., Nov. 26, 1862.
Rufus (1. Swope, of Penna., Nov. 26, 1862.
Geo. A. Shallenberger, of Penna., Nov. 26, 1882.
Jacob Valentine, of Penns. Nov. 26, 1862.
J. Caldwell, of Pennsylvania.
• MEDICAL DIETARTM ENT.
To be Surgeons.
Alfred Wynkoop, of Penn'a, Sept. 11, 1862. •
yEdnrard Shippers , 'of Pennsylvania, Sept. 12, 1862.
Hayes Agnew, of Pennsylvania, Oct. 4, 1862.
• 'Joseph Hopkinson, of Pennsylvania , 1862.
John R. McClurg; of Pennsylvania, Oct. 4, 1862.
Sylvanus D. Freeman, of Penn'a, Oet. 4, 1862.
William M. Breed, of Pennsylvania, Nov. 7.1862.
John J. Reese, of Pennsylvania; Nov. 7, 1862. '
Augustus 0. Bournonville, of Penn'a, Nov. 7, 1862.
William S. Forbes, of Pennsylvania, Nov. 7, 1862.
Thomas P. Gibbons, of Pennsylvania, Noy. 7,18 U.
David Stanton , of Pennsylvania Nov. 7, 1882.
M. S. Jackson, Of Pennsylvania
To be Assistant Surgeons
.Ferdinand Hayden, of Pennsylvania. .
Francis Townsend Dade, of Penna., Sept. 11, 1882.
Joseph H. Wythes, of Penna., Sept. 11, 1862.
David B. Sturgeon, of Penna., Sept. 11, 1862.
Wm. S. Thompson, of Penna., Sept. 11, 1862.
'John Wilson, of Pennsylvania, Sept. 11, 1862.
"Wm. Mose, of Penna., October 4, 1862.
Frederick A. Keilbr, of Penda., October 4, 1882.
.Lewis D. Harlow, of Penna., Nov. 7, 1682.
Mitchel/ H. Picot, of Penna., Nov. 7, 1362.
Caleb - W. Horne; of Penna., Nov. 7, 1862.
Richard J. Levis, of Penna.,Jan. 7,1863.
Wm. H. Gobrecht, of Penna., Jan. 7, 1863.
Robert S. Kenderdine, of Penna., Jan, '7, 1863.
Lewis J. Rice, of Penne. Sam 7, 1863.
Benjamin B. Wilson, of Penna., Jan. 7,1863.
Jacob J. De Lamater, of Penna., Jan. '7, 1863.
St. John W. Itllntzes, of Penna., Jan. 7. 1863. •
David S. Gloninger, of Penna., Jan. 7, 1868.
Joseph B. Morrison, of Pennsylvania.
To he Commissaries of Subsistence with the Rank of
captain.
William Thompson, of Pennsylvania.
Joseph P. Loughead, of Pennsylvania.
• . Surgeons in the Navy.
Edward F. Corson.
David Kindleberger. .
William E. Taylor.
•
James McMaster.
Assistant Surgeons. .
Samuel IL Pelt; of Pennsylvania. • • -
Daniel McMurtrie, of Pennsylvania.
George IL Cooke, of New Jersey. • '
Roman P. Babcock, of New York. • -
Samuel F. Shaw, of New York.
William Longshaw, Jr., of Massachusetts.
George Van rlampen, of New York, to be Consul
of the United States at Liege.
Elias Perkins. of Connecticut, to be Consul of the
United States at Kingston, Jamaica.
Edward L. Ktngsbury, of Maine, to be Consul, of
the United States at Algiers.
John M. G. Parker, to be Deputy Postmaster at
New Orleans, Louisiana.
General Officers.
Major General Joseph Hooker, of the United
States volunteers, to be Brigadier General in the
army, September 20, 1862.
Judge Advocates' Department.
Joseph Holt, of the :District of Columbia, to be
Judge Advocate General, with the rank of colonel,
September 3, 1862.
Levi C. Turner, of New York, to be Judge &Ivo.
cate of the army around Washington, with the rank
of major July 31, 1862.
A.
John Bolles, Of —=,io be Judge AdVonate for
the Seventh Army Corps in the field, under thecom
mend of.rilajor General Dix, with the rank of major,
September 3, 1862.
John 0. Knox,. of Pennsylvania, to be Judge Ad
vocate of the Eighth Army Corps, with the rank of
major, September '7, 1862.
NEW YORK CITY.
[Special Correspondence of The Press.]
NEW Yona, Feb. 19, 1663.
THE CONSCRIPTION ACT,
introduced by Senator Wilson, of Massachusetts, Is
printed in full by our papers to-day, and has been
read with considerable avidity, as the only evidence
of warlike progress which has been transmitted to
the press from the capital in some weeks. As the
framer of the document is Republican in politics,
this wise and absolutely necessary act will furnish
an opportunity for fresh cant about radical despotism
amongst reactionists and peace•men, and before it
can be put into effect, (supposing that it passes the
Rouse and becomes a law,) the masses here will be
properly instructed to resist its execution, just as
they were avowedly determined to resist the draft
threatened some time ago. Already, the section
which privileges a conscript to commute with the
-Government by the payment of three hundred dol
lars is cited, with artful design, as an example of
vile injustice to the poor man.
A SECESSION NOBLEMAN,
of recent importation from perfidious Albion, is an
object of interest with the community, on account
of his matchless impudence. You may remember
that, in a recent letter, I remarked upon the number
of masquerades, parties, soirdea, etc., crowded into
Tuesday night by the fashionable up.towners, Tues
day being the last day before Lent, and, conse
quently, the last chance for festivity with the High
Church people this season. One of said winding-up
parties was given at the magnificent Fifth-avenue
.establishment of one of our bankers, and one of
the beaming guests invited thereto was a titled sprig
of the British aristocracy, who has been on this side
of the ocean for some months, but, until the past
fortnight or so, has given the preference of residence
to rebeldom. The jeunesse snobbte at the banker's
party eagerly awaited the advent of the noble lord,
who made his appearance at a late hour, in all the
glories of full dress, and with a full-blown Seces
sion badge displayed upon his manly breast.
This wanton piece of Insolence being too flagrant
to be entirely excused by thefact that the perpetrator
was a "lordship," the noble puppy was rather coolly
received and somewhat indignantly stared at. Un
abashed by these signs of disgust, he sauntered
superciliously about the rooms, until an 'army
officer, who chanced to be present, politely request.
ed him to remove the offensive badge. So far was
his lordship from acceding to this request, that he
did not even deign a reply to the, speaker; and it
was only after the latter had summoned him aside,
and tersely made him aware, that if he did not re
move the badge it would be unceremoniously re
moved for him, that he came sufficiently to his
senses to place the Insulting ornament in his pocket.
This is what upper-tendom talks about as it vir
.
tuously goes to church in the morning, and even the
shoddyoericy admit that hie lordship has made a
great ass of himself. Evidently he is entirely unfit
for any respectable notice, and only worthy to join
the new "Society for the DifPualon of Useful Politi
cal Knowledge."
THE ICE PANIO,
produced by the fear that the constant mildness of
the weather, would prevent the gathering of ice for
next summer's creams and juleps, is happily abating,
under the meteorological discovery, that in 1856 we
had just such a feeblelVinter as the present one, but
that it was followed by a March sufficiently cold to
supply all the ice required. Should summer come
without ice fot juleps, smashes, and cocktails, the
complete disorganization of the Democratic party
would be inevitable, and It is upon such a 'contin
gency that a number of nice old ladies are counting
for the chance to introduce that new "third party 0,
of theirs, which is to restore McClellan, remodel the
Cabinet, hang Mr. Greeley, and produce a pleasing
conservative effect upon the whole admiring world.
• GOLD
Is ,up to 162 at the time of writing, and will, of
course, continue to go up until a great victory, or
some prompt movement against Northern traitors
gives the public some assurance that treasury notes
will be worth something more than old paper six
months hence. 'fie stated that even a high Govern
ment official in this city aids the vile business of
wantonly depreciating the national currency by fro
quenUy sending his check into the market, and mu , -
chasing treasury notes at 2 and2X percent. discount.
CHARLES JEFFERDS, THE MURDERER,
who JD under sentence to be hung on the 30th (1) of
this month, for killing Mr. Walton, his father-in
laW, some three years ago, ie endeavoring, through
a counsel, to secure a review of his case by the
Supreme Court, on the ground that, upon the day
when his fate was decided in the Court of Appeals,
that court had in reality ceased to exist. The
technicality is well hit upon, and the murderer may
be saved by it. . .
THE DUSSELDORF . GALLERY
of pictures, for many years past the finest artcol
lection of New York, has come to the hainnerat
last, and will be sold at auction on this and to.
morrow evenings. Some of the choicest works have
been privately bought by wealthy citizens, and their
places on the walls are filled by inferior affairs, in
troduced by the auctioneers; but the collection is
still a noble one ; and should not be sacrificed.
Schrader's portrait of Humboldt is one of the works
to be sold.• STUYVESAIM •
P lIILAD EGPII I A_, SOUR') Y, FEBRUARY 21. 1863.
STATES IN REBELLION.
The Cotton Crop—Movements about Port
Hudson Forage Destroyed The Mis
sissippi Rising—Rebel Discipline—con
seription Exemption—Federal Prisoners,
&c.
COTTON STILL CONSIDERED KING—DE
REALS, NOT COTTON, TO BE PLANTED.
(From the Port Hudson (La.) News, Jan. ;10. .
• TIIR COMING CROP.
As the time is near at hand when planters btigin
to think of making preparations for the next crop,
we deem it proper at this time to call their attention
to the importance of proceeding with discretion in
their plantation business. They should remember .1
that we are engaged in a war which has already ex
tended far beyond the predictions of the most dis
cerning, and it may last even longer than the most
desponding anticipate. They should not forget that
our ports are closed against all supplies from abroad,
and that foreign intervention for their opening is an
exploded idea; that communication with the grana
ries of the great West is cut off, and we have no re
sources except within ourselves. They must bear
in mind the immense armies now in the field are to
be fed by the products of Southern planters, and
they must forget that such a thing as cotton or sugar
was ever raised for any other purpose but that of
domestic use.
Impressed with These facts, the wise and patriotic
planter, will put acre after acre in corn, 'rice, po
tatoes, peas, pumpkins, and devote his : time. to
Rising hogs, sheep, poultry, and such things which
go to sustain life. A sufficient quantity of cotton
and sugar should be made to meet the demand of the
Confederacy, but surplus should be consigned to the
flames.
Such a thing as overstocking the country with
breadstuffs and provisions, at times like them, is out
of the question. There will always be a demand for
them, and they will command a ready sale with good
prices; whilst with cotton, beyond a limited supply
for home consumption, there is no sale for it with'
our ports closed as at present, and likely to be until
cleared by.the strong arm of our own people,Un
aided and alone.
This policy, if pursued, besides furnishing us with.
the sinews of war and enabling us to stand an inde
finite siege by the enemy, would test an important
question, and settle, one way or another, the dynasty
of "King Cotton." Withhold another crop of the great
Staple from the mills of Manchester, and the throne of
England wilitotter; while Napoleon, whose crown "sits
but too loosely on his head," will be forced by the inexo
rable logic of erents to recognise the nationality of the
Confederacy, or else abide the fetalconsequencm of an ir
ritated, dissatisfied and clamiirous people, whose rebel
lious spirit, when once aroused, will brook no regraint.
*ARMY OFFERS FOR CEREAL P R ODUCTS
NOTICE TO PLANTERS.
OFFIOE OF CHIRP' OF SUBSISTENCE,
• Pour Htrosorr, LA., Jan. 1, 188.
I will pay $1.25 per bushel, 48 • pounds, for corn
meal; $1 per bushel, 66 pounds, for shelled corn, and
$1 per bushel, 60 pounds, for sweet potatoes, deli
vered to Major J. P. Orr, poet commissary at Port
Hudson, La.; Captain J. A. Campbell, post , commis;
eery at Clinton, La.; Lieut. Wheat, post COMIXIIB.
miry at Jackson, La.;' 0. S. Kellogg Woodville,
Stirs.; or onboar d any of the steamers at the several
landings between this point and the month of Red
river. . J. L. STOOKDALE,
Major and Chief of Subsistence Gen.Reales Staff.
OUR TROOPS NEAR PORT HUD SON—
FORAGE BURNED..
(From the Port Hudson (La.) News, Jan. M. ]
The Yankees below have been for some time
stealing large quantities of corn from the people on
the opposite side of the river, and had succeeded in
getting quite a large quantity in one pile. Some of
our boys, hearing of it, determined to reconnoitre
the neighborhood, and if an opportunity presented
to destroy the ill-gotten grain of the Yankees.
Upon arriving at the place they found the corn un
guarded, and quietly applying the torch, .put in a
blaze about live thousand bushels of corn. The
flames attracted the Federate, but they arrived too
late to save their plunder. . .
•
TIIE MISSISSIPPI RISING RAPIDLY..
(num the POrt IludsOn News, Jan. N..) . •
The river has been rising at a very rapid rate for
the bist two weeks, and if it continues another
week it will be out of its banks. The water is al
ready running through the crevasse at Mr. Ohinn's
place, in West Baton Rouge, and in a day or so it
will be through the Lobdell crevasse.
ARMY. ORDERS STRICT DISOIPLENE Olie
SERVED. ".
; HRADQUAII ; PERS FOURTR MILITART DISTRICT, •
Dar A liT73ll2l'r MISSISSIPPTARD EAST LOUISIANA,
JACKSON, Jan. 12; 1863. .
GENERAI. OnDERS.—I. All officers and. soldiers.
arriving within the limits of this military post, or in
• the case of regiments or detachments, the officers in
command of the same will at once report themselves.
at the office of the commandant of the post, on Capi
tol street, show their authority for being within the
limits of the post, and receive writtenpermission to
remain. The commanders of regiments or detach-.
ments of soldiers, in traneitu, will permit no officer
or soldier to visit the city of Jackson, save on strict
military business. The permiesion so granted must
be inwilting, and specify the nature eif the business,
. and in no case will any private, or party , of privates,
be permitted to enter the city of Jackson unless un
der. charge of a reliable non-commissioned officer'
and so long as such regiment and detachment of
soldiers remain within the limits Of this post, the
officer commanding will be held responsible for the
good conduct of his men, and for ' any depredation'
committed by them. All officers and privates as
signed to duty at this post, who have 'not heretofore
reported, will at once report, alma , by what _autho
rity they were thus assigned, register. their names,
and receive a - written certificate of this fact. -
IL The commander of the camps of paroled priso
ners, surgeons in charge of hospitals, and com
manders of encampments, will never permit more than
two of Their command to be absent at once. except upon
Willem business, and then always in Squads, under
charge of a non-commissioned officer. No qfficer or psi-:
.rate soldier will be permitted to sleep without the limits of ,
his encampment, or be permUted to remain within the city
of Jackson after nine o'clockat night, except in thecae'a
of such officer or privates as are connected with the
vnrious departments in the city, or have the consent,
of the commander of the post for the same.
111. Of all persons save soldiers with transporta
tion or orders from the proper military authority, a
passport will be required before they will be-per
mitted to leave the hmita of the post. The' sale of
liquor is forbidden within the limits of this post, ex
cept upon the written consent of the commander of
the post.
IV. The officer assigned to duty as officer of the
day will see that the above orders are carefully com
plied with, and will have arrested and reported to
the office of the commandant of the post, all officers
and privates that have not their orders endorsed,
"Reported," and signed by the commandant of the
post, except, however, such general officer& mem
bers of the staff; and orderlies or couriers connected
with their headquarters at present within the limits
of this poet.
'V. No permits for officers or Soldiers to visit !hie
city will be recognized without the endorsement of
the division or brigade commander.
J OIiNeAD ADIS,
Brig. Gen. commanding Fourth Military District.
CONSCRIPTION EXEMPTIONS.
Hon. 'Hines Holt, of Georgia, has submitted to
the rebel Congress the following bill to exempt from
military service certain persons, and to repeal the
two exemption acts heretofore passed : .
SECTION 1. The Cotigress of the Confederate Stales do
enact, That all persons who, under rules and regu
lations to be prescribed by the Secretary of War,
shall be found unfit for military service in the field
by reason of mental or bodily infirmity, the Vice
President, the chief officers or heads of the several
executive departments of the Confederate States of
America, the governors and heads of the several exe
cutive departments of the several States, the judges
of the courts of record of the Confederate Staten,
and of the several States, with their marshals, she- ,
riflivind clerks, not to include deputies or assistants
of any such marshals, sherifth, or clerks, and such '
other persons as the President shall be satisfied
ought to be exempted for the benefit of the army or
the people of the Confederate States, are hereby ex
' empted from military service in the armies of the
Confederate States. 'Provided, That all exemptions
grantee) by the President may be upon terms to oe
specified in the order of exemption, and for the vio
lation of which, or any non-compliance therewith,
said order or grant of exemption shall be void.
Sao. 2. And be it further enacted, That the several
acts, approved 16th of April and 11th of October,
1662:granting and providing for exemptions from
military duty and service, be, and the Same are
hereby, repealed. -
NUMBER OF FEDERAL PRISONERS.
(From the Natchez Conrier, Jan. H. 3
"Hermes," the Richmond correspondent of the
Charleston Mercury, says that the excess of prisoners
on our lists is not so lame as generally estimated.
On the authority of Mr. Ould it ire stated Mot to be
more than fifteen or twenty thousand in our favor,
and is less now than before the battle of Murfrees
boro. Our homes at Corinth, Inks, and $i hundreds
of skirmishes in the West and Southwest, account
for this. Including Wounded, we lost about two
thousand prisoners at Murfreeaboro. As to the two
thousand said to have been taken by the Yankees
in North Carolina, a day or so ago, we know nothing
authentic.
FRAUDS ON THE. REBEL GOVERNMENT.
According to the Richmond correspondent of the
Charleston Mercury, Mr. Foote intends prosecuting
his researches into all the departments of Govern
men, civil and military, and he says he has but be.
gun a work which will, in the end, fill the country
with surprise, so great have been the frauds and
peculation. . •
ANECDOTE OF STONEWALL jAOKSON.
A book might easily be made of the anecdotes in
the papers about Stonewall Jackson. Here is the
latest, and refers to the fight at Fredericksburg: The
night after the battle a council of war was held by
General Lee, to which all his generals of division
were invited . ' General Jackson slept throughout
the proceedings, and upon being waked and asked
for his opinion, curtly said, "Drive 'em in the river,
drive 'em in the river."
NEW MODE OF GENERATING STEAM.—
An American gentleman,Dir. S. L. Linton, of New
Jersey, has lately visitd Paris for the purpose of
submitting to the French Government his new me.
thod of generating steam. Instead of the ordinary
fuel, be tuteapetroleum oil, or, should that be want
ing, ordinary coal oil; and aa the machinery which
be employs can be easily applied to the steam-en
gines in general use, he claims the merit of effecting
a very considerable saving. The points which his
patent particularly dwells on arrthese jet. From
water of equal temperature the time required for
generating steam to twenty pounds pressure above
the atmosphere, was found by actual experiments to
be in favor of the oil. Seventeen minutes to thirty
minutes for coal in the same boiler, and for evapora
ting water 9,25 lbs. to 4.26 lbs, also in favor of the
oil ; 2dly. The cost of coal oi , extracted from one
ton of cannel coal, delivered in any port of France,
would be lees than the coal, in consequence of the
cost of carriage for the latter; and, with Linton , '
mode, the use of oil thus extracted would generate
infinitely more steam than the coal itself; fully. The
saving in bulk over coal is 250, per cent., and in
weight, 600 lbs. of oil are equivalent to 2,000 'lbs. of
coal. Thus a ship for blockading purposes could
remain at a post four times as long with oil as with
fuel; 4thly. Ten men, with the use of oil, in the flre
room department of a ship are equal to fifty with
coal; 6thly. The fire by the new mode can be en
tirely extinguished in one minute and a half, and lg•
nited with a full blast in the same time ; Stilly. The
largest steamers now running between New York
'and Liverpool require 1,200 tone space for coal,
whereas with the use of oil as fuel 450 tons would
be sufficient ; the di ff erence in favor of oil, if appro
priated for freight, would give the ship at least
16,000 dollars more receipts at present rates; and
"Ithly. The plan can be applied with great advantage
for locomotives on railways, stationary engines, as
well as for ordinary heating purposes. The plan has
been examined by a Government committee in
Faris, and a'favorable report is now expected every
day.--GalignatiPs Messenger. •
ARMY AND•NAVY GAZETTE.—The great success
of 'this publication, commenced some time ago as a
monthly, has authorized it proprietors, W. R. Dyer
& Co., to issue it permanently as a weekly. It con.
tains a good deal of general information, but is
mainly devoted to the interests of the army and
navy. Its original articles are able and sensible.
ECLECTIC MAGAZINE.—Tbe March number has a
- line engraving on steel, from an original paint
, ing of Napoleon, meditating on the eve of the bat
tle of Austerlitzy and a variety of readable articles,
selected with Mr. Bidwell's usual 'judgment. On
sale by.W. B. Zieber t . South Third street.,
111•11113/11
THE FINANCE BILL, AS PASSED BY
CONGRESS.
Tito following is a copy of the Senate finance bill,
which was passed by the House, without amendment.
Seiterdny afternoon :
An act to provide a National Currency, secured by a
pledge of United Stales stocks, and to provide fur the
circulation and redemption thereof•
Re it clictetett by the Senaie awl itottae of Represen
tatives oJthe Milted States of America, in Cinigrese aa
senthtect. That there shall be established in the Treasury
D- partment a separate bureau, which shall be charged.
with the execution of this and all other laws that may
he passed by Congress respecting the issue and regula
•tion of a national currency secured by United States.
bonds. The chief officet of the said bureau shall be de-.
ruminated the Comptroller of the Currency, and shall
be tinder the general direction of the Secretary of the
Treasury- He shall he appointed by the President, on
the nomination of the Secretary of the Treasory, by and
%with • the advice and consent of the Semite, and shall
hold his office for the term of five yea's, unless sooner
removed by the President, by and with the advice anti
'consent of the Senate,• he ellen receive an annual salary
of five thousand dollars; he shell have ~e competent
deputy, appointed by the Secretary, whose salary shall
be two thousand five hundred dollars. 'and who shall
posaess the power and perform the duties attached by
law to the office of Comptroller dnring a vacancy in
such office, and during hig absence or inabilitY; be
y.
shall empto from tine to time, the necesgary clerks to
diseberge such duties as he shall direct, which clerks
Shall he appointed and classified by the Secretary o f the
Treasury in the manner now provided bylaw. Within
fifteen days front the time of notice of his appointment
the Comptroller shall take and subscribe the oath of
sillire prescribed by the Constitution and laws of the'
United Slates; and he shallgive to the United Slates a
bond In the penalty of one hundred thousand dollars,
witli-not less than two responsible freeholders as sure
ties, to be approved by the Secretary of the Treasury,
conditioned ter the faithful discharge of the duties of his
office The Deputy Comptroller so appointed shall also
't a kea the oath (define proscribed by the Constitution and
laws of the United States, and shall give a like bond in
the penally of fitly thensteed dollars. -The Comptroller
end Deputy. Comptroller shall not, either, directly or in
directly, -be interested in any . association issuing na
tional currency ender the enovtaions of this act. .
Sac.. 2.• .4n4 be it fttrther enacted, That the Comp.
treller of the Cerrency, with the approval of the ,
Secre
tary of the Treasury, shall devise a seal, with suitable
iueceiptions, for his office, deecription of which, with
a ,certificate of approval by a, the Secretary of the Tem . /-
Rini.' ahalllhe filed in the office of the Secretary of State
wifit'an Impression thereof, which shall thereupon be
come -the seal. of of the Comptroller of the Cur
rency, and the same' may be renewed when necessary.
Every certificate, assignment, and conveyance executed
by theCoreptroller in pursuam eof an authority con
ferred on ban by law, and sealed with his Beale( office,
shall be received in evidence:in' all places and courts
whatsoever ;: and all copies of papers in the office of the
CoMpiroller, certified by him and authenticated by the
said neat, tu all cases be evidence equally and in
like manner as the original. Au impresotion of such seal
directly on the paper shall be as valid tti if 'made on
"Wax or 'wafer: -
-
Sae. 3..Aust be it further enacted, That there shall be
assigned to the Comptroller sf the Currency by the Se
cretery of the Treasury, suitable rooms in the Treasury
building for conducting the business; of the .Currency
bureau,ln which shall be safe and secure fire-proof
in 'which it shall be the duty of the Comptroller
tit deposit and safely keep all the plates and other valua
ble things belonging to his department; and the Comp
troller *hall front time to time furnish the necessary fur
niture, stationery, fuel,- lights,. and other proper conve
ids steep-for the transaction of the said business.
See. 4. Atilt be ft further enacted, That the term
't United : Stares boucle," ns used in this act, shall be eon
. %trued to mean all coupon and registered bonds now is
sued or that may hereafter be issued en the faith of the
United• States by the Secretary of the Treasury in pur
suance of law.
- • • • .
SEC. 5. knd be it farther en (taut., That associations ['Or
carrying on the business of banking may be formed by
any-number of persona, not less in any case than five.
SEC. G. And be it further enacted, That persons uni
ting-to form 'such an association shall, under their hands
and seals. make a certificate which shall specify
First-The mum assumed' by such association.
Second. The place where its operation of discount and
deposit are to by carried on: designating the State, Ter
ritory, or district, and also the particular city, town,.
or .village.'
Third, The amount of its capital stock, and the number
of sharesinto - which the sante shall be divided; - which
capital stack shall not be less than fifty thousand dollars;
and in cities whose population is over ton thousand per
sons, the capital stock slialtnet he less than one hun
dred thousand dollars.
Fourth. The names and places of residence of the
sharcholders,rand the number of-shares held by each. of
them.
Filth. The time when, such association shall coin-
Sixth. A 'clecliration that said certificate is made to
enable ouch persons to avail themselves of the advan
tage -4 of t his del
The said certificate shall be .acknowledged before
jag° of some court of record or a notarypnlilic, and
the acknowledgment thereof certified under the seal of
such,court or notary, and shall ,be transmitted, together
with a copy of the articles of association which shall
have been adopted, to the Comptroller of tbe. Currency,
whoehalrrecord end carefully preserve the same in his
office. Copies of such certificate; duly certified by the
Comptroller, anti authenticated by his seal of office
shall belegill and sufficient evidence In all courts anti
places within the United States, or the jurisdiction of the
i3overnment. thereof, of the existence of such associa
tion, and of every other matter or thing which could be
Proved by the production of the original certificate.
. SEC, 7. And be it further enacted, That at least thirty
per cesium of the capital stock of such association shall
be paid in at the time of the commencement of its bank
ing pusitiess, and the remainder of the capital sto ck r
O.
such association shall be paid in instalments of at
li.aslten per eentnm each on the whole amount to which
the assoetation.shall be limited, as frequently as one In
stalment at the end of each succeeding two months
front the time of the commencement of Its banking ope
rations, until the whole of the capital stock shall be paid
.
Sec. 3. And be it furtherlenacted, That if any share
' holder, Cr his assignee, shall fail to pay any instalment
on the stock when the dime is required by the foregoing
section to he paid, the directors of such association may
sell fhe stock held by such delinquent shareholder at
Oleic' suction; having given three weeks' previous no
tice thereof in a newspaper published and of general
circulation iu -the city twhere the. association is to-.
rated, 'if the Same. be located in' a city, and if
. not - .so located, then in a newspaper printed, or of
general cinsulation, to the county where the same is
/CClltea; to any person who will pay the highest price
therefor, and not less than the amount due thereon, with
tte expenses of advertisement and sale; and the excess,
trailer aball be paid to the delinquent shareholder. if
no bfddercan be found who will pay for such stock the
amount due thereon to the association,
and the costs of
advertisement and sale, the amountt previously paid
shall he forfeited to the associaeion, and such steel may
subeequently be sold as the directors may order.
SEc..9. And be it further enacted, That whenever a
ecertifidette Isbell have been transmitted to the Comptrol
ler of the Currency, asprovided in this act, and the as
- societies'. trausmitting the same shall notify the CorllP
troller-that afellema thirty per centum of Ito capital
stock-has been paid as aforesaideend that such aasochte
tion has complied With all the provisions of this act re
quired to be compiled with before .such association shall
be authorized to commence the business of banking, and
that such association is desirous of commencing such
business, the . Comptroller shall immediately proceed,
in such manner as he shall by general rules prescribe,
to examine the eoudition of such association, to ascer
tain especially the amount of money. paid in on account
of its capital stock, the name and place of residence of
each of the directors of such association, and the amount
of. the capital stock of which each is the bona fide owner,
and generally whether such association has complied
with all the requirements of this act to entitle it to
engage in the business of banking, and shall cause to be
made, and attested by the oaths of ea majority of the
directors, and by the president or cashier of such rase.'
Motion, a statement of all the facts necessary to enables
the Comptroller to determine whether such association
is lawfully entitled to commence the business of bank
ing under this not.
Sea. le. And be it further enacted, That if, upon a
careful examination of the facts so reported, and of any
other facts which-may come to the knoWledge of the
Comptroller, whether by literate of a special commission
appointed by him for the purpose of inquiring into, the
condition of such association, or otherwise, it shall' ap
pear that suck association in lawfully entitled to come
mem.° the businras of banking, the Comptroller shall
give to such association a certificate ander his hand and
official seal, showing that such association has complied
with all the provisions of this act required' to be come
plied with before being entitled to commence the bad
ness of banking under it, and that such association is
altillOri4ed to commence said business accordingly ; and
it shall be the duty of such association to cause said cer
tificate to be published in some newspaper, published in
the city or county where such association' is located for
at least sixty days next after the, issuing thereof :Pro
vided, That, if no 'newspaper is publisned in sueh city
or county, such certificate shall be published as the
Comptroller of the Curreney shall direct.
SEC. 11. And be it further enacted, That every asso
ciation formed pursuant to the provisions of this act
may make and use a common seal, and shall have suc
cession by the name designated in ate articles of associa
tion and for the period limited therein, not, however,
exceeding twenty years from the passage of this act;
by ouch name may they - make contracts, sue and be
sued, complain or defend, in any court of law or equity,
as Italy. as natural persons, and may make by-laws,
approved by the Comptroller of the Currency, not in
consistent with the laws of the United States or the
provisions of this act, for the. election of directors, the
management of its property, the regulation of its affairs,
and fur the ttatefer of its stock; and stiall have power
to carry on the business el banking by obtaining and
issuing circulating notes in accordance with the provi
. sions of this act eby discounting hills, notes, and other
evidences of debt; by receiving deposits; by buying and
senile; gold and silver bullion,. foreign coins thud Mlle of
exchange; by loaning money on real and personal secu
rity, 111 the manner specified - in their articles of associa
tion for the purposes authorized by this act, and by exec-
tieing such incidental powers as shall be uecessary to
carry on such business; to choose one of their number
as president of such association, and to appoint a cashier
and such other °lacers and agent. , us their etwines.;
may require; and to remove such president, cashier,
ellicers, and agents at pleasure, and appoint others in
their place; and their usual business shall be trails
acted in banking offices loaded as the offices specified
respectively in its medic ate of association, and not else
where. - . . .
Sec. N. And be it further enacted, That the shares of
associations funned under this act shall be deemed per
sonal property, and shall be transferable on the books of
the association in such manner as may be prescribed in
the by-laws or articles of association; and every person •
becoming a shareholder by such transfer shall, in pro
portion to his shares, succeed to ab the rights mud 'halt
fides of the prior holder of such shares; and no obtain
'shall be made in the articles of association by which the
rights; remedies, or security of the existing creditors of
the association shall be impaired, Foe all debts con
tracted by such association for circulation, deposits, or
otherwise, each shareholder shall be liable to the amount,
' at theirpar value, of the shares held by hint, in addition
to the amount invested in such shares.
'Sac. la. .And be it farther enacted, That it shell Tat .
lawful for any association formed tinder title act, by itel
articlee of association, to provide for an increase of ifs
• cepital front time to time. as may be deemed expedient,
subject to the limitations of this act; but no such in
crease shall be valid until the increases capital shall be
paid in, and notice thereof shall have been transmitted
to the Comptroller of' the Currency, and his certificate
obtained epecify frig the amount of such increase of capi
tal stock, and that the same lute been duly paid, to such
aseociation.
Sac. 14. And be it further enacted, That it shall be
lawful for any such araociatiou to purchase, hold, and
convey real estate es follows :
First. Such as shall be necessary for its immediate ac
commodation in the trausactiou of its busbies.
tee m& Such as shall be mortgeged to it in good faith
by. way Of security for loans made by such association,
or for moneys due thereto.
- Third. Such as shall be conveyed to ft Ire satisfactiou
.of delta previously es:eructed in the course of its deal-
Inge.
Fourth: such iii it shall porch:tee at sales underjudg
meats, decrees, or mortgages held by such association,
Such association &emit not purchase or hold real estate
In any other case or for Key other purpose than as speci
fied in this section. .. .
Sac. 15. Anti be it further enacted, That every asso
, ciatiou, titter having complied wait the provisions of
this act preliminary to the commencement of banking
business under its provisione, shall transfer and de
.liver-to tbe . Treasurer of the United States any United
States bonds bearing interest to an amount not less than
one-third of the capital stock paid in; which bonds shall
be deposited with .the Treasurer of the United Staten,
and by him safely kept in his dike until the same shall
be otherwise disposed of, in pursuance of the provisions
of this act. .
Sec. 16.- And' be it fttrther enacted, That upon the
making of an such tmnefer end 'delivery, the associa
tion making the samelshell be entitled to receive Item
the. Comptroller. of the Currency circulating notes of
ditlereut denominations, in blank,. registered and coun
tersigned as hereinafter provided, equal in amount to
ninety per centum of the current market value of the
United - States Londe so transferred and delivered, but
nut exceeding the par value thereof, if bearing interest
ta the rate.ot six per mecum: or ot. equivalent United
States bonds bearing a lose rate of interest; and at no
time shall the total amount of such notes. issued to any
such association 4 xcecd the amount at such time actually
paid in of its militia stock. .
Sac. 17. And be it further enacted, That the males
amount of eisculating notes to - be homed under this act
shall not exceed three hundred Mittens of dollars; one
hundred and arty millions of which sum shall be appor
tioned to associations In the States. in the lliattict of Co
lumbia, sue in the Territories, according to representa
tive population, and the remainder shall be apportioned
by the Secretary of the Treasury among associations
'fenced in the seemed States, in the Dietriet of Coltuubla,
and in the Territories, having fine regard to the exits' ing
banking capital, resources and business, of such States,
District, and 'Territories. • • • • - •
. SRO. IS, And be it further enachet, That, in order to
furnish notes for circulation. the Comptroller of the
Currency Is hereby authorized and required; under the
direction, of the .Secretary Secretary of the Treasury, to cause
plates to be engraved in the bestmanner to guard against
counterfeiting and fraudulent alterations, and to have
. printed therefrom, And numbered, such quantity of cir
culating notes, in blank, of theedenominations of five
dollars, ten dollars, twenty dollars, fifty dollars, one
hundred dollars, five hundred dollars, and one thousand
dollars, as may be required to supply,under this act, the
associations entitled to receive the same; which notes
shall express noon their face that they are secured by
United States bonds, deposited with the Treasurer of the
Pelted States, and heated under the provisions of this
act; which statement shall be attested by the written or
engraved signatures of the Treasurer and Register, and
by the imprint of the seal of the Tresumry ;and shall also
express upon their face the promise of the association
receiving the tetnio to par On demand, attested by the'
signatures of the president, or vice president and craftier;
and the said notes ehall bear such devices and such other
statements,and shall be in such form, as the Secretary,
. of the Treasury shall, lregulatioa, direct
• EEC. 19 . And be itfurthe y. r enacted. That the plates and
special diet to- be procured by the Comptroller of the
Crirrency for the printing of such circulating notes shall
.
remain under. hie. control and direction, and the ex
penses necessarily incurred in executing the provisions
of this act reenacting the procuring of such notes shall
be audited and paid as contingent expenses of the Trea
sury Department; and for the purpose Of reimbursing the
same, and all other expenses incurred under this act,
and in lien of all taxes upon the circulation authorized
by this act, or upon the bonds deposited for security of
the same, ouch association organized under this act
shall semi-annually, on the Brat days of January and
July after its organization, pay to the Comptroller of
the Currency, In lawful money of the United States, one
per cent in on the amount of circulating notes re
ceived by such association, andlin default thereof, the
Treasurer of the United States b.l berchy'anthortzed to
reserve and retain one per centum on the amount of said
bonds en deposited at cacti semi-annual payment of in
terest thereon; and all coins an marred and retained.
shall bo paid into the treasury under the direction of the
Secretary, and
or nae g v n e n n ir . e i d under mnkbanking theprovisions
of
association or
corpact,
Ssi ,in g notes calculated- or Intended to circulate as
money, shall, on the first day.of July next, and: rage
larly on the first days of January and July thereafter,
make and deliver to the Comptroller of the Currency a
true and accurate return of the gross amount of notes te
emed by it, whether in circulation or in its vaults,.or on
deposit elsewhere; and in default of any such return, the
bank, banking association or corporation so failing to
make return, shall pay to the United States a penalty of
two per centum noon its entire capital stock, to be re
covered for the use' f the United States, in any court of
competent .i urisdiction. ..'• •
Sec. 20. And be ft.furlker enacted, That niter any such
association shall hare caused its promise to pay such
notes.on demand to be signed by the fuesideot or vice
president and cashier thereof, in Hitch manner as to
Make them obligatory promialory notes, payable on.
demand, at its places of business, such association is
hereby authorized to issue and circulate the same as
money; and the same shall. be received at par In all
parts or the United States in payment - of taxes, excises.
public lands, and all other duos to the. United States,
except for duties on imports; and also for all salaries
and otherdebts and demands owing by the United States
to individuals, corporations, and associations within the
.United - States, except interest on public debt and no
such association:shall issue post-notes or any other notes
to circulate as money than such as are authorized by the
foregoing provisions of this act.
SEC. 21. And be further enacted, That all transfers
of United States bonds which shall be made by any asso
ciation as security for circulating notes under the pro
visions of this act shall he' made to the Treasurer at' the
United States . ; with a memorandum written or printed.
on the certificate of such bonds, and signed by the cashier
or some other bilker of the association making the de
posit, stating that it is held in trust for the association on
whose behalf such transfer Is made, and es security for
the redemption and payment of the cironlating.notes de
livered to such asmociation ; and no transfer of any anch
bonds by the Treasurer shall be deemed vender of bind
ing force and effect unless sanctioned by the order or re
quest of the Comptroller of the Currency UPOW the Trea
'surer. It shall be the did), of the Comptroller of the
Currency to keep in his office a•book, in which shall be
entered the name of every association from whose ac
count such transfer of bonds is made by the Tresmurer,
and the name of the party to whom such transfer Is
made, unless such trawler is made hi blank, in which
care the fact shall be stated in said book, and in either
:case the par value of the bonds so transferred shalt be
entered thereib; and it shall be the duty of the Comp
troller, immediately upon countersigning and on 7
tering'.the same, to advise by mail the two
:dation from whose account snob. transfer was made,
the kind of bonds,and the amount thereof so transferred.
• :Sec. 22. Anti be it further rnactivf, That it shalt bo
tholuty Of the Comptroller of the Currency to counter
sign and enter in the book, in the manner aforesaid;
every transfer or assignment of any bonds held by the
Treasurer presented for hits 4nm/um and the Comp
troller shall have at ail times, daring office liners, ace.ss
to the books of the Treasurer, for the purpose of ascer
taining the correctness of the transfer or assignment
presented to him to countersign; and the Treasurer shall
have the like access to the book above mentioned, kept
by the Comptroller, during office hours, to ascertain the
. correctness of the entries In the same.
- .
Sec. 23. And be it further evades!, That it. shall be
the duty of either the president or cashier of • very hank- .
ing association having stocks deposited in the s pfiles of
the Treasurer of the United States, once or more in eachs
Decal year, and at such time or times during the ordinarY •
business bonne as said officer or officers insyselect, to •
examine and compare the bonds so pledged with the
books of said department, and, if found correct, to exe
cute to the add Treasurer a certificate setting fortit the
different kinds and the amount thereof,and that the same
are he the possession and custody of the Treasurer at the
date of such certificate. Such examination may he made
by an agent of such association, drily appointed, in wri
ting, for that purpose, whose certificate before mention
ed . hall be of like force and validity as If executed by
such president or cashier,
Eec. 24. And be it further enacted, That every asso
ciation. issuing circulating notes under the provisions of.
this act shall make a quarterly report to the Comptroller
of the Currency, commencing on the first day of the
quarter of the next year succeeding the organisation of
h alsociation, and continuing on the anti:lays of each
succeeding quarter in every year thereafter, which re
port shah be verified by the oath or affirmation of the
president and cashier, and all wilful false Swearing in
respect to such report shall 'be perenry, and subject to
the Punishment prescribed by law for offence.
The report hereby required shall be in the form pre
soribed by the. Comptroller, and shall contain a true
statement - of the condition of the association making
such report, before the transaction of any business on
the morning of the day specified, next .preeedlng the
date of such report, in respect of the following items and
particulars, to wit: Loans and discounts, overdrafts
dui, from banks, amount due from the directors of, the
association, real estate, specie, cash hems, stocks, bonds,
and promissory notes, bills of solvent banks, bills
of suspended banks, loss and expense account, capital,
circulation, profits, amount due to banks, amount due
to individuals and corporations_ other than banks,
amount due the Treasurer of the United States, amount
included
trader
todepositore on demand, amount due not
nudes either of the above beads. And it shall bo the
duty of the Comptroller to publish full abstracts of such
reports together in two newspapers to be designated by
him for that purpose—one in the city of -Washington and
the other in the city of New York—exhibiting the items
of capital, circulation and deposits, specie and cash
items, public securities and private securities; and the
separate report of each association shall be published
in a newspaper published in the placesvhere such asso
ciation is established, or, If there be no newspaper at
such place, then in a newspaper published at the capital
or the State, at the expense of the association making
such report. In addition to the quarterly reports re
quired by this section, every association located and
doing business in the cities of Boston, Providence, New
York, •Philadelphia, Baltimore, Cincinnati, Chicago, St.
Louis, and New Orleans, shall publish or cause to be
Published, on the morning of the first Tuesday in each
month, In a newspaper printed In the city in which the '
association - making such report is located, to be desig
nated by the Comptroller or the Currency, a statement
under the oath of the president or cashier, showing the
condition of the association making such etstement., on
the morning of the day nextpreceiling the date of such
statement, in respect to the following items and particu
lars, to wit: average amount of loans and discounts,
specie,. deposits and circulation.
Inc. 21. And be it further matted, That ifs any inch
association shall at any time fail to redeem, in the law
ful money of the United States, any of its eh-entering
notes, when payment thereof shall be lawfully demand
ed, tinting the usual hours of business, at the office of
such association, the holder may cause the same to be
protested,- in one package, by a notary publicsunless the
president or cashier of the association shall offer to
waive demand and notice of the protest, and shall, in
Pursuance of such offer, make, sign, and deliver to the
parts-making such demand an admission in writing,
stating the time of the demand, the amount demanded.
• and the fact of the non=payment thereof; and such notary
Public, on making such protest, or upon receiving such
admission, shall forthwith forward such admission or
notice of protest to the Comptroller of the Currency; •
uud afters suet: default it shall not be lawful for the asso
ciation suffering the same to pay out any of its notes, dis
count any notes or bills, or otherwise prosecute the busi
ness of -banking, except to receive and safety keepmsney
belonging to it, and to deliver special deposits: Protidai,
limoseer,That If satisfactory proof be produced to such no
tary public that the payment 'of any such notes is re
strained by order of any court of competentjurisdiction,
Such notary imhlic shall not protest the same; and when
..the holder of such notes shall cause more than one note
or package to be protested on the mate day, he shall not
receive pay for more titan one protest.
SEC. 26. And be ft further enacted. That on receiv
ing Mike that any such association has failed to re
deem any of its circulating notes, as specified in the
next preceding section, the tiomptroller of the Currency,
with the concurrence of the Secretary of the Treasury;
may appoint a special agent (of whose appointment
immediate notice shall be given to• such associa
tion), who shall immediately proceed to ascertain
whether such association has se fused to pay its cir
culating notes, in the lawful money of the Un ted States,
when demanded as aforesaid, and report to the Comp
troller the-facts so ascertained; and if, from such
protests or the reports so made, the Comptroller shall
be satisfied that such association has refused to pay .
its circulating antes as aforesaid, and is in default,
.he shall, within thirty- days after he shall have re
ceived notice of such failure, declare the United
States !sands and securities pledged by such association
forfeited to the United States, and the same_shall there
upon be forfeited accordingly; and thereapon the Comp
troller shall immediately give notice in such manner as
' the Secretary of the Treasury :than, by general rules or
• otherwise, direct, to the holders of, the circulating notes
of such association to present them for payment at the
treasury of the United States; and the same shall be paid
as presented, whereupon said Comptroller may, in his
discretion, cancel an equal amount of the bonds Pledged
by such association, equal at current market rates, not -
exceeding par, to the notes paid ; and it shall be Itweal
for the Secretary of the Treasury, from time to time, to
make such seguintions respecting the disposition to be
made of such circulating notes after presentation
thereof for payment as aforesaid, and respecting the per-•
petnation of the evidence of the payment thereof, as may
RPM to him proper shut all such notes, on being paid,
shall be cancelled; and for any deficiency in the pro
ceeds of the bonds pledged by said association, :then dis
posed of as hereinafter spenified, to reimburse to the
United States the amount so expehded in paying the cir
culating notes of said association, the United States shall
:have a lirst and paramount lein stpou all the assets of
such association, and such deficiency shall be made good
out of such assets tupreferonce to any and all other claims
whatsoever. except! the necessary costs and expensed of
administering the Raines
SEC. 27. And be it f urther enacted, That whenever the
Comptroller shall become satisfied, as in the last -pre
ceding section specified, that any such association has re
fused to pay its circulating notes as therein mentioned;
he may, instead of cancelling the United States bonds
Pledged by such association, as provided hi the next
preceding section, cause so much of them as may be ne
cessary to redeem the outstanding circulating notes of
such association to be sold at public auction in the city
of New York.after giving thirty days‘notico of such sales
to such association.
Seto. 2S. .And be it further enacted, That the Comp
troller of the aurrency may, if he shall be of opinion
that the interests f the United States will be best• pro
moted thereby, sell at private sale any of the stock so
transferred 'to him by such association, and receive
therefor either money or the circulating notes of such
failing association: Provided. That not such bonds shall
he sold by private sale for less than par, nor less than
the market value thereof at the time of sale. Andpro
vided, further, That no sales of any such stock, either
public or private, shall be complete until the transfer
thereof snail have been made with the formalities pre
scribed in this act.
Site. 'N. Anti be ft further enacted, That on becoming
satisfied, its specified in this act, that any ench asso
ciation has refused to pay its circulating notes as therein
mentioned, and is in delimit, the Comptroller of the
Currency may forthwith appoint a receiver. and require
of him such bond and security as he shall deem proper,
who. under the direction of the Comptroller, Khali take
possession of the books, records, and assets of every de
serfs don of such association, collect all debts,' dues,
and claims belonging to such association, and, upon the
older of a court of record of competentjurisdiction, may
sell or compound all bad or doubtful debts, and, on
a like order, sell • all the real and personal property of
such emaciation, on such terms AS the court shall direct;
and such receiver shall pay overall moneys so made to
the Treasurer of the United States, and also make re
port to she Comptroller of the Currency of ally. his acts ,
and proceedings. The Comptroller shall thereupon•
cause notice to be given, byadvertisement in such newa-
Papers as be may direct, for three consecutive months,.
calling on all persona wko may have claims against such.
association to present the same, and to make legal'
proof thereof; and from time to tlmo the Comptroller,
after full provision shall- have been first made for as
funding to the United States any such deficiency in re
deeming the notes-of such association as iS mentioned
in this act, -shall make a ratable dividend of the moneys
so paid over to him by such receiver on all such claims
as may have been so proved or adjudicated in a court of
competent jyisdiction, and from time, time to as the
ee
procds of t e assets of such association- shall be paid
over to him, a shall make further dividends, as afore
said, on all 'claims previously Proved or adjudicated;
• and the remainder of such proceeds, if any, shall be paid
over to the shareholders of such association, or their
legal representatives, in proportion to the stock by them
respectively held : Prom&a, kontecer,- That if any each
association, against which proeeedinga have been so in
stituted on account of any alleged refusal to redeem Its
circulating notes as aforesaid, shall detty having tailed
to do so, such association may, at any time Ntitfrin ten
days aster Such association shall have been notified of
the appointment of an agent, as provided it this act,
apply - . to the nearest circuit, or distrie, or Territorial
court of the United States, to enjoin furtherproceed.
higs in the premises; and such court , after citing the
Comp roller of the Currency to showcause why
further proceedings should not be enjoined, and after
thir iceman of the court or ending of a jury
that such association has not refused ito redcoat its
circulating notes, When legallypresented, in the lawful
money of the United States, shalt make an order enjoin
ing the Comptroller, and any receiver acting under his
direction, from all further proceedings on account of
such alleged refusal.
Sno. 3a. And be ft further enacted, That the bondi
transferred to the Treasurer of the liaised States. as hare
inhofare provided, by any banking association for the
security of its circulating notes. shall beheld exclusively
for that purpose, until such notes shall be redeemed, ex.
cli cep r t re a n s er tiro m vi a d y ed gi * in this a a n c y t ;
s h u n a t C i, o k m hi p z tro uso ller c o itt f t l o h n e
Powers.of attorney to• receive and appropriate to its
own use the interest on the bouds - which shall have'
been so transferred' to the Treasurer by it; , but Snell
Powers shall becoffeetnoperative henever such banking
association shall fail to redeem its circulating notes as
aforesaid ; lesideaid arguer:filer may direct the return of
a ny of calif Monde to tn 0 banking association which
transferred. tho garde, Upon-the surrender to him and
the cancellation of a Proportionate amount of such
circulating notes: PrOvided,s That ninety per contain
of the current market slams of the remaluing bombe
which -hall have' Wenn transferred by the banking
association offering-to' surrender such ciroulatink notate
shall be equal to the antoulit:of all the circulating notes
retained by such' banking association: And provided,
further, That there shall 'have been no failure by such
association to redeenl. Ite circulating notes, and that
theresliali have been no otheri violation by such 11.580;
elation of any of the proviitonit of this act for the security
of the creditors of such association; nor shall the Trea
surer be required to surrender such beads Cu fractions-1
sums of less 'than 'One thousand dollars; and if; at any
time after said bonds shalibe .depositedfith the Trea
surer of the United Settee, as aforesai . the market or
cash value shall be reduCed; the comptr • ler of tire cur
rency is hereby. authorized to •domand 70.iedesaceisto the
emountof such depreciation in other lthited*Slatesthonds
.st cash value '
,or An min:w; from the aissalarms
ceiving said bills, to lie 'dots:Wilted; With the •Treasaser
thelinited States, as long arsuell depretiatiencontlimal,fiS
OVIIRDIDIODIZIMI
See. Si. ' And be it further. enacted, That whenever
the price of any of the bonds pledged as aforesaid for the •
redemption of the circulating notes of any such banking
association shall lie, at the stock exchange in the city
of New York, for four consecutive weeks, at a rate less
than that at which they Shell have heenen'ehnehxl when
Bo pledged, and such depreciation shall not have been.
made good by ado sit of other bonds or money, It shall
be the duty of. the Comptroller of the Currency to
notify the Treasurer of the. United. States of such.
fact, and the paymon i t of interest upon such depreciated.
bonds shall be suspended, and such.interest shall be
retained by said Treasurer until the same, when added'
to the current market vales of the bonds so pledged, to.
be ascertained se before provided, shall be equal to the •
amount for which such bonds were pledged: Provided.
That it shall be the duty of the Comptroller of the Cur
rency, at the expiration of every period of three months,
to cause the whole of the sums so retained and then re
maininw in the Treasury of tie United States to be in
vented in United States bonds,.in the name of the COmn
t roller of the Currency, in trust for the respective associa
tions by which the bonds on which such interest shall'
Lave accrued shall have been pledged ; and whenever the
price of such depreciated bonds at the stock exelianee in
New York shall rise to the price at which they were
pledged, and so remain for four consecutive weeks, such
investment shall be assigned to such association, and all
accruing interest on such pledged bonds shall thereafter
be paid to such association on demat d thereof.
.. See. 32. And he it further enacted, That it shall be the
duty of the Comptroller of tbo Currency to receive worn
out or mutilated circulating notes issned• by any such
banking association, and td deliver in place thereof to
such association other blank circulating, notes to an
equal amount; and such worn-one or mutilated notes,
after a memorandum shall: have been. entered• in
the proper books, in accordance with such regula
tions as may be established by the Comptroller,
as well as all circulating notes which shall have
been paid or surrendered to be caneelled,.shall be burn
ed to ashes in presence of three persona, one to be ay
pointed by the Secretary of the Treasury,. one by the
Comptroller of the Currency, and one by the-Treasurer
of the United States, under. such regulations As tbe Se
cretary of the Treasury may prescribe; and incase such
notes shall have been delivered to the Comptroller byan
officer or agent of such asseetation,.then in the presence,
also, of such officer or .agent; and a certificate of such
burning, signed by the parties so. appointed, shall be
reads in the books of the Comptroller, and. a duplicate
thereof given to such officer or agent.
Site. 33 And be it further enacted, That it shall be
unlawful for any officer acting under the proeleions of
this set to countersign or deliver to any such anemia
tion,.or to any other company or person, any circulating
notes coutemplated by this act, except as hereinbefore
provided, and in accordance with the true int.nt and
meaning of this act;.itud any officer who shall violate
the provisions of this section shall be deemed guilty of.
a high misdemeanor, end on conviction thereof shall be
punished by line not exceecing double the amount' so
counterpigned and delivered, and.imprisonment not exe
e. eding fifteen years, at the discretion of the court in
which he shall be tried.
Sic. St. And be it further enacted, That all fees for
protesting the note. lamed by any such banking ItSBoCla-
MD shall be paid by the persomprocnring. the protest to
be made, and such banking association. shall be liable
therefor: but no part of the stock lodged by such bank..
lug association, as aforesaid, shalt be applied to the pay.
recut °fetich fees; and all expenses of any preliminary
or oiler. eXllbilla ttons into the condition of any astride,
tion shall be paid by such association; and.aLL expenses
of any receivership shall be paid out of the assets of such.
association before distribution of the proceeds thereof:
SEC. . And be ft further enacted, That the stock--
holders, collectively, of any such association• shall, at
no time, he liable to such association, either as principal
debtors or sureties, or botli,.to an . amount greater than .
three-fifths of the conital *tech actually paid in and re
maining undiminished by losses or otherwise; nor shall
the directors be so liable, except to such amount and in
such manner as shall be dreseribed by the liy-lases of
such•association, adopted by its stockholders to regulate
such liabilities.
• •
Exc. 36. And It be further 'enacted,. That the capital
stock of any association formed tinder this act shalt
be divided into shares of • one nundred dollars each,
and shall be assignable on the books of the asso
ciation in such manner as its by-laws shall
prescnbe; but no shareholder in. any association
under this act shall have power to soil or transfer
auv share held in hie own right so long as he shall be
liab7.e, either nsprincipal, debtor, surety, or otherwise,
to the association for any debt which shall have become
duo and remain unpaid, nor in any case shall such
shareholder bo entitled to receive anydividend.intcrest,
or profit on such shares so long as snob. liabilities shall
continue, but all such dividends. Interests, and profits
shall be retained by the association, and applied to the
discharge of such liabilitcs; and no stack shall be trans
ferred without the consent of a majority of the directors
while the holder thereof ti thus indebted to the associa
tion.
Sac. sr. dud beitfarther enacted; That no banking
association shall take, as security fur any loan or dis
count, a lien upon any part of its capital stock; but the
same security, both in kind and amount, shall be re
quired of shareholders as of other persons ;,and no such
banking association shall be the purchaser or holder of
any portion of Its capital stock, or of the capital stock of
tiny other incorporated company, unless such purchase
shall he necessary to prevent loss upon a debt previous
,lyeenitraCted in good faith, on security which, at tne
time, wee deemed adequate to insure the payment of
such debt, independent orally lien upon such stock; or
in Can al forfeiture of stock. for the non-payment of in
stalments duo thereon; and stuck so purchased or ac
quired shall in no case be hold by snch association so
purchasing, for a longer period of time than six months,
if the same can, within that time, be sold' for what the
stock coat.
Sac. 3& And be it further enacted, That in all elections
of directors, and in deciding all questions at meetings of
shareholders, each shareholder shall be entitedlo one•
vote on each share of stock held by him; shareholders
may vole by proxies duly authorized - in writing; but no
officer, clerkteller, or book-keeper of sash association
shall set a p roxy ; and no stockholder whose liability is
past due A nd p shall be allowed to vote.
Sec. 30. be it further ettactedi. That the affairs of
every such association shall be managed by not less than
five nor more than nine directors, one of whom shall be
president of the association. Every director shall,
during' his whole term of service, be a citizen of the
United States, and a resident of the State in which
such association is located. At leant three-fourths
of the directors shall have resided in the State in
which Ent h association is located one year next pre
ceding their election as directors; and each di
rector shall own, in his own right, at least one per
centum of the capital stock of such association not ex
ceeding two hundred thousand - dollars, and the half efone
per centum of its capital at over two hundeed thousand'
dollars. Each director shall take an oath that be will, so
far as the duty devolves on him, diligently and honenly .
administer the affairs of such association, and will
not , knowingly violate, or willingly permit to be vat
laied, any of the provisions of this act, and that ho is the
bona fide owner, in his own light, of the shares of stock
standing in his name on the books of the association.and
that the same is not hypothecated, or - in any way
pledged as security for any loan obtained or debt owing
to the association of which he is a director,. which oath,
subscribed by himself, and certified by the officer before
whom it is taken, shall be immediately transmitted to
the Cornptcoller of the Currency, and by him filed and
pretax ved In his office.
40. And be it farther enacted, That the directors
of any suck association first elected shall hold their
pieces until their successors shalt be elected and quali
fied. All subsequent elections shall be held annually,
on spelt day tu the month of January as the steckholders
of said association may prescribe ; and the directors so
elected shall hold their places for one year, aniLltntil
their successors are elected and qualified. But ale di
rector removing from the State, or ceasing to by the
owner 'of the requisite amount of stock, shall thereb y vacate his place. Any vacancy in the board lbe
filled by appointment by the remaining director e
director so appointed shall hold his place anti the
next annual election; and-if, from any cause, an elec
tion of directors shall not be made at. the time ap
pointed, the association shall not f that cause be dis
poised. but an election may be held on any subsequent
day, thirty days' notice thereof 'having been given in
at newspaper printed, or of general circulation, in the
city, town, or countyin which the association is located;
and if no newspaper is published. in Ruch - city, town, or
county, such notice shall be published in a newspaper in
the county adjoining.
SEC. 41. And be it further enacted, That every 31101
association shall at all times have on hand..in lawful
money of the United States. an amount equal to at least
twenty-eve per centum of the aggregate amount of
its outstanding notes of circulation and its deposits; and
whenever the amount of its outstanding notes of cir
culation and deposits shall exceed the above named
proportion for the space of twelve days,. or whenever
such lawful money of the United States shall at any
time fall below the amount of twenty-tve per centum of
its circulation and deposits, such association shall not
increase Its liabilities by making any. new loans or dis
counts otherwise than by - discounting or purchasing
bills of t %change payable at sight nor make any di
vidend of its profits, until the required proportion be
tween the aggregate amount of its outstanding notes of
circulation, and its deposits and -lawful money of the
United States shall lie restored : Provided, however, That
clearing-house certificates, representing specie or lawful
money specially deposited for the purpose of any
clearing-house association, • shall be deemed to be
lawful money in the possession of any rano
elation belonging to such clearing house holding
and owning such certificates, and considered to be a part
of the lawful money which such associationis required
to have, wider the foregoing provisions of. this sedtion.
Provided, further, That any balance due to any associa
tion organized niftier this act in other places from any
association in the cities of Boston, Providence, New
York, Philadelphia, Baltimore, Cincinnati, Chicago, St.
Loofa, or New Oi leanv, in good credit, subject to be
drawn for at sight, and available to redeem their circu
lating notes and deposits, may be deemed to be a part of
the lnwfal money which such association in other plainer
than the cities of Boston, Providence, New York, Phi
ladel
pbia, Baltimore, Cincinnati, Chicaso,St. Louis, and New
Orleans. are required to have by the foregoing provisions
of this section, to the extent of three4lfthof the said
amount of twenty-five' per centum rept! And It
shall be competent for the Comptroller of t e Currency
to notify any such association whose lawful money re
serve; as aforesaid, shall fall below, said proportion of
twenty-five per centum. to make good such reserve; and
it such association shall fail for thirty days thereafter so
to make good Its reserve of lawful money of the- United
States, the. Comptroller may, 'with the concurrence of '
the Secretary of the Treasury, appoint a receiver to wind
up the business, of such association, as provided in
this act.
Soc. 42. And be it further enacted, That no association
shall at any time be indebted, or in any way liable, to
au amount exceeding the amount of its capital stock at
such time actually paid in, and remaining nadiminished
by losses or otherwise, except on the following accounts,
that is to say:
First. On account of its notes of circulation.
Second. On account of moneys deposited. with, or col
lected by, such association.
Third. On account of bills of exchange or drafts drawn.
against money actually on deposit to the credit of such
association, or due thereto.
Fourth. On account of liabilities to its stockholders,
for money paid in on capital stock,. and dividends
thereon, and reserved profits.
Sr.c. 4.3. And be i) politer enacted, Tnat no associa
tion shall, either directly or indirectly,. pledgees hypo-.
thecate any of its notes of circulation, for the purpose of
procuring money to be paid in on its capital stock, or to
be used in its banking operations or otherwise.
Exc. 44. And be it further enacted, That no associa
tion, or any member thereof, shall, during the time it
shall continue its banking operations, withdraw, or
pet mit is be withdrawn, either in form of dividends,•
leans to stockholders for a longer limo than six months,
or in any other manner, any portion of its capitals
and if losses shall at any time have been sustained
by any such association equal to or exceeding
its undivided profits then on band, no dividend shall be
made; and ne dividend shall ever be made by any asso
ciation, while it shall conttuue its banking operations, .
to an amount greater than its net profits then on hand,
deducting therefrom its losses and bad debts; and all
debts due to any association, on which interest is past
due and unpaid for a period. of six mouths, unless the
same shall be well secured, and shall be in process of
collection, shall be considered bad debts within the
meaning of this act. s
BBC , 46. And he ftfurther enacted, That the director's of
eve y association shall, seittl-timin filly, in the months of
Slav and Norember,declare a 'dividend of so much of the
profits of such association as they shall judge expedient
slid oil each dividend' day the cashier shall make, an d
verify by his oothia fitli; cleat: and sectwate statement of
Ihe cendition of the association: as it shall be on that day
after declaring the dilidelidOiliich statement shall con
. . .
First: The aittourif of the capital stock actually pihi in
and then retairrin'g ak the capital stock of such associa
tion.
__
Secondly. TM!: anicniiit of the circulating notesef shah
association then in circulation.
Thirdly. The greatest amount in circulation litany
time since the making of thalant PreviouS statement :1m
shall have been exhibited by. the weelcly statements of
the cashier, specifying the tides when the sami ocenr
red. .
Fourthly. The amount of Matinees and debts - Of oi•ery
kind due to other banks and hatklncsasociations:
Fifthly. The amount due to de pi- ten's.
Sixthly. The total amount of debit) and liabilities' of
every description, and the greatest Kmount .since the
• makinet th e last previous statement, specifying the
f
time w len the same accrued.
s e , en thly. The total amount of dividend declared on
the der of making the statement.
Signally. The amount of lawful money of the United
States belonging to the association, and in its possession
at the time of making the statement.
;Ninthly. The amount subject to be drawn at sight, in
lawful money of the Unitelintates, then remaining on
deposit with any associations, banks, or bankersA speci-
Pfying the amounts eo on deposit in the cities of Boston,
rovidence, New York, Philadelphia, Baltimore, Cin
cinnati, Chicago, St.. Louis, and New Orients, •
Tenthly. The amount then on hand of Mlle or notes
Issued by other banks and banking associations.
Eleventhly. The amount of balances duo from other
banks, bankers, and banking associations, excluding
deposits subject to be drawn at sight as aforesaid.
'lwelftitly. The amount on hand of bills, bonds, stocks,
netts, and other evidences of aebts, discounted or pur
chased by the association, specifying particularly the
amount of suspended debt, the amount considered bad ,
the amount considered doubtful, and the amount in suit
or judgment.
thirteenthly. The value of the real and personal pro
perty held for the convenience of the association, sPeci
ty Mg the amount of each. .
• Fourteentlily. The amount of real estate taken in pay
ment of debts due to the association.
Fifteenthly. The amount of the undivided profits of
the association.
Sixteentbly. The total amount of the liability to the,
acroctation by the directors thereof collectively, specify
ing Magmas amount of such liabilities as principal debt
' ors, and the gross amount of indorsers or sureties. d
The statement thus made shall forthwith be transmitted
to the Comptroller of the Currency.
Sec. 46. And be ft further enacted, Mit evert asso
ciation may take. reserve, receive, and charge on any
%loan or discount made, or upon any note, bill of ex
change, or other evidence of debt, such rate of Interest
or discount as is for the time the established rate of inte
rest for delay In theyment of money, in- the absence
of contract between time parties, by the laws of the seve
ral States in which the associations are respectively lout
tell, and no more: Provided, hozoerer, That interest
maybe reserved or taken, in advance, at the time of
nisking the loan or discount, according to The signal
tiles of banking: and the knowingly taking, reserving,
• or charging of a rate of interest greater titan that allowed
l•y this section, shall be held 'and adi ndged a forfeiture
• Li the debt or demand on winch the same is taken, re.'
THE WAR PRESS.
(PUBLISHED WBEIMY.)
Tam WAS Passe will be sent to eabeertbere by
mall (per annum In adyanee) at Sz.o6
FIT. ........ U.Oo
Ten .. «
Twenty Copia." 39600
Larger Chiba than Twenty Will leo charged at the
lame rate, 31.60 per copy.
The money moat awaits accompany the order. and
gn no (net:once can these term* be deviated Aim, as thee
Afford vex y iffy ie more than thecae of Al PaPe►•
ARP' Postmasters are requested to Let as Agents for
THR WAR Pam.
sap To the (ener•np of is Mob of ten or tWentr. U
extra copy of the Paper will be given.
served, or charged;. but the purchase, discount. or
aale of a bill of exchange, drawn on actually ex
isting values, and payable at another place
than the place of such purchase, discount, or
sal., at the current discount or premium, shall not
be considered as taking.ieserving, or chargit g interest.
Sco. 47. And be itfuriner enacted, That the total lis
bi/ities of any person, or of ally company or firm, (in
cluding in the liabilities of a companyor firm the liabili-
Lisa of the Several members thereon, to an association.
including liabilities as acceptor of holm fide bills of ex
change, payable out of the State where the association is
located, shall at no time exceed one-third:exclusive of
liabilities as acceptor, one-fifth; ftod;oxclusive of liabili
ties on such bills of exchange,. one-tenth part of the
amount of the capital stock of such association actually
paid in.
Ss;. 48. Andbeij furfh'erena&i4;.Tha t no association
shall, al any time,. pay out on loans or discounts, or In
Purchasing drafts or bills of exchange,.or in payment of
deposits, nor shall It in any other mode put in circulation
tho notes of any bank or banking association, which
notes sbairnot, at any such time,. be receivable at par,
on deposit,. aud in payment of debts by the association
so paying out or circulating such notes; nor shall it
knowingly pay out or put in circulation any notes issued
by any bank or banking assooiation which at the time of
such paying out or putting in circulation is not redeem
ing its circulating notes in lawful money of the United
States.
. .
Sec. 49. .And Se ftfrerther enacted, That all transfer of
the notes, bonds, bills of exchange,. and other evidences
of debt owing to any a.ssoclation; or' of deposits to its
credit; all assignments. of mortgages, sureties on real
estate, or of judgments or decrees in its favor:all de
rosits of money, bunion, or other valuable thing for its
use, or for the use of tinier Its shareholders or credit
ors; and all payments of money to.oither, made after the
commission of an act of ineolvency,.or in contemplation
thereof, with a view to prevent the application of its as
sets in the manner prescribed by this act, or with a view
to the preference of one onditor to• another, except in
payment of its circulating notes, shall be utterly null
and void.
Sic. SCI. And be it furtiier iniactrd, That if the direc
tors of any association shall knowingly violate, or know
ingly permit any of the Wirers, agents or servants of the
association to violate any of the provisions of this act, all
the rights, privileges and franchises of the association.
derived from this act..shall be thereby forfeited; each
violation shall, however, be determined and adjudged
by a proper Circuit, District or Territorial Court of the
United States, before the association shall be declared
dissolved; iind iu canes of such violation, every director
who participated in or ass. rated to the same shall be held
liable in his personal and individual capacity for all
damages which the association,. its shareholders, or any
other Poison, bhall have susustained in consequence of
such 'violation.
bEC. dl. And be it 'mil/en enacted:. That the Comptrol
ler of the Currency, with the approbation of the Besse-
Tor} , of the Trenatiry, as often as shall be deemed neces
sary or propee.shaltappoint a: suitable person or per
sons to make an examination of the affairs of every
bralAng wtgoaletion, which person shall not ben director
or other officer in any association whose affairs he shall
be appointed to examinth.and'who shall have power to
make a thorough examination into all the affairs of the
association, and, in doing so, to examine any of the
officers and agents thereof on oath, and shall make a
full and detailed report of the condition of the associa
tion to the Comptroller:. and the association shalt not be
subject to any other visitorial powers than such as are
authorized by this act, except such as are vested in the
several courts of law and chancery- And every person
appointed to make such examination shall remit* for
his services at the rate of five dollars for each day by
him employed in such examination, and two' dollars for
every twenty-five miles he shall necessarily travel in
the performance of his duty, which shall be paid by the
association h] him examined.
.
Sec. 52:. And be te further enacted, That every presi
dent, director, cashier, teller, clerk, or agent of any as
sociation, who shall embezzle.. abstract, or wilfully
misapply any of the moneys, hinds or credits of the aetio
elation, or shall. without au,hority from the directom,
issue or put in circulation. any of the notes of thepeso
elation, or shall,without such authority, issue or pat
forth any certificate of deposit, draw any order or bet of
exchange..make any acceptance, assign any note, bond,
draft, hill of exchange, mortgage,.jndgment or decree,
or shall make any false entry in any book, report or
statement of the association, with intent, in either case,
to injure or defraud any other company, body Politic or
corporate, or any individual person, or to deceive any
officer or agent appointed to examine the stairs of any
such association, shall be deemed guilty of a misdemea
nor, and upOU conviction thereof shall be punished by
imprisonment not less than five nor more than ten years.
SEC. SS. .And be it further enacted. That the President
and cashier of every such association shall cause to be
kept at all times a full and correct list of the names
and residences or all the shareholders in the aSSOMatiOn
in the office where its business is transacted; and such
list shall he subject to the inspection of all the share
holders and creditors of the association during business
hours of each day in which business mar be legally
transacted. And a copy ofsuch list, verified by the oath
of such president or cashier, shall, at the beginning of
every year, be transmitted to the Comptroller of Cur
rency, commencing on the first day of the first quarter
after the ores n int lon of the association.
SEC. 54. And be it further enacted, That the Secretary
of the Treasury is hereby authorized, whenever, in his
Judgment, the public interest will be promoted thereby,
to employ any of such associations, doing business under
this act, as depositaries of the public moneys, except re
ceipts from the customs.
Sec. 55. And be it further enacted That all snits and
Proceedings arising out of therovisions of this act, in.
which the. United States or its oSlcers and agents shall be
panties.-shall be conducted by the district attorneys of
the several districts, under the direction and supervision
of the Solicitor of the Treasury.
Sect M. And he it further enacted, That every - PerBoll
who shall mutilate, cut, deface, disfigure or perforate
with holes, or who shall unite or cement together, or do
any other thing to any bank bill, draft, note, or 'other
evidence of debt Issued by any snoh association, or shall
cause or procure the same to be done, with intent to ren
der such bank bill, draft, note, or other evidence of debt
unfit to be reissued by said association, shall, upon
conviction forfeit fifty dollars to the association stho
shall be injured thereby, to be recovered by action, in
any court avingjarisdiction.
bee. 57. And be ft further enacted, That if any person
shall falsely make, forge or counterfeit, or cause or pro
cure to be made, forged or counterfeited. or willingly aid.
or assist in falsely making, forging or counterfeiting.
any note to imitation of, or purporting to be in imita
tion of, the circulating notes issued under the provisions
of this act.,.or shall pass,. utter, or publish, or attempt
to pass, utter or publish, any false,
_forged, or coun
terfeited note. purporting to be issued by any tu,socia
lion doing a banking business under the provisions. of
this act, knowing the same to be falsely made, forged,
or counterfeited, or shall falsely alter, or cause or pro
cure to be falsely altered. or wilfully aid or assist in
falsely altering, any such circulating notes, issued as
aforceald, or shall pees, utter, or publish, or attempt to
pass, titter, or publish as true, any falsely altered or
spurious circulating note issued, or 'Purporting to have
been iteued,,as aforesaid, knowing the mune te be falsely
altered or !pinions, every such person shall be deemed
and adjudged guilty of felony, and being thereof con
victed by due course of law, shall be sentenced to be im
prisoned and kept at hard labor Tor a period not less
than five years, nor more than fifteen years, and to be
fined in a sum not exceeding ono thousand dollars.
Sec. 6S. And be it further enacted, That if any person
shall make or engrave, or cause or procnre to be made or
engraved, or shall have maids custody or possession any
engraved plate or block after the similitude of any plate
from which any circulating notes issued as atoresald
shall have been printed, with intent to use suchplate
or block, or cause or suffer the same to be used, to
forging or counterfeit:tug any of the notes issued as afore
said. or shall have in his custody or possession any
blank note or notes engraved and printed after °maim di
tnde of any notes issued as aforesaid, with intent to use
ench blenks, or cause or enter the same to be used, in'
forging or counterfeiting any of the notes issued as :Afore,.
said, or shall have in his custody or possbssion any , '
paper adapted to the making of such notes. and similar
to the paper Upon which any each notes shall have been
issued, with intent to use such paper, ar cause or suffer
the some to he used, iu forging or counterfeiting any of
the notes issued as aforesaid, every Erich person, being
thereof convicted by due course of law, shall be sen
tenced to be imprisoned and kept to bard labor for a term
not less than five nor more than fifteen years, and fined
in a sum not exceeding one thousand dollars.
Sec. sft. And Le ftfterf her enacted, That suits, action?,
and proceedings by and against any association under
this act, may be had in any Circuit, District, or Terri
torial Court of thellnited States, held within the district
in which such association may be established.
Sec. M. And Le tt further enacted, That it shall be the
duty of the Comptroller of the Currency to report annu
ally to Congress, at the commencement of its session—
. First. A summary of the state and condition of every
association from which reports have been received the
preceding year, at the several dates to which such re
ports refer, with an abstract of the whole amount of
banking capital returned by them, of the whole amount
of their debts and liabilities, the amount of circulating
notes outstanding,. and the total amount of means and
resources, specilying the amount of specie held by them
at the times of their several returns and such other in
formatien in relation to said associations as in his judg-
Meet may be useful.
Second. A statement of the associations whose business
has been closed during the year, with the amount of their
circulation redeemed,.and the amount outtanding.
Third. To suggest any amendment to the laws relative
to banking, by which the system may be brie:Loved, and
the security of the bill-holders and dem:teeters may be
increased. ,
Fourth. To report the 11111110.5R.11.1 compensation of the
clerks employed by him, and the whole amount of the
expenses of the banking.department during the year.
And such report shall be made by or before the Met day
of December in each year; and the usual number of
copies for the use of the Senate and Heine, and one thou
sand copies for the use of the department, shall be print
ed by the public printer and in readiness for distribu
tion on the first meeting of Congress. -
Sec. 61. And be it further enacted, That any banking
association or corporation lawfully in existence as
a bank of circulation on the first day of January, anna
Domini eighteen hundred and sixty-three., o•ganized.
in any State,. either under a special act of incorpora
tion or a general banking law, may at' any time
within years after . the passage of this ant
become an' association' under the provisions. of this
act; that -In such cane the certificate of association
provided for by this act shall be signed by the di
rectors of such banking association or corporation, and
in addition to the specifindions required by this act
shall specify that such directors are authorized .by
the owners of two-thirds of the capital stock of such
banking association or corporation to make such certifi
cate of association, and such certificate of association
shall thereafter have the same effects, and the same Pro
ceedings. shall be. had thereon as.
is provided for as to
other associations organized under act. And such
association or co • 'ration thereafter shall have the same
. . .
powers and privi ages, and shalt oe subject to the same
duties, iesponsibilities, and rides, in all respects, as are
prescribed in thin act held ther associations organized
uuder it, and shall be and regarded as an azsocia
tion under this act.
SEC. 62. And be ft further enacted, That an; bank or
banking association authorized by any State law to en
gage in the business of banking, and duly organized
under each State law at the time of the passage of this
act, and which shall be the holder and owner of United
States bonds to the amount of fifty per centum of its
capital etoek, may transfer and deliver to the Treasurer
of the United States such bonds, or any part thereof, in
the manner provided by this act; and upon making such
transfer and delivery, such bank or banking association
shall be entitled to receive from the Comptroller of the
Currency circulating notes, as herein provided, equal
in amount to eighty per centum of the amount of
the bonds satransferred and delivered.
SEC. ft. 3. And be itfurthee enacted, That upon the fail
ure of any,such State hank or banking association to re
deem any Of its circulating notes issued under the pro
visions of the preceding• section, the Comptroller or the
Currency shall when. satisfied that such default has
been made, su it within thirty days after notice of such
default, proceed to declare the bonds transferred and de
livered to the Tretssurer forfeited to the Culled States,
and the same shall therdupon be forfeited accordingly.
And thereupon the circulating notes which have been
issues] by such bask or banking association shall be re
deemed and paid at the treasury of the United States, in
cite came manner as other cireulatingnotes issued under
the provisions of this act are redeemed and paid.
SEC. Si. And be itfurtlier (melded, That the bonds for
feited, as provided In the last preceding section; may be
cancelled to an amount equal to the circulating notes re
deemed and paid. ()ranch bonds tatty be sold under the
direction of the Secretary of the Treesm-y; and after re
taining out of the proceeds a an& sufficient to pay the
whole amount of circulating notes, for the redemption of
swhic hbuphi dbonds
e e b ank d or h b anki p nga s f oc ny t ' i e n t 'sfrom .
which such bonds were received.
. .
• SiEc..6s. And be itfterther. enacted, That Cosiness re
serves the right, at any time, to mend, alter, or repeal
this ad: • •
. . .
MeGanstits.--Nr. Upham,
_.103, Chest- -
nth 'eyelet, with his usual courtesy and regularity,
has suit us the _February number of the Corahill
Nariiiniand of Tcnipl' e Bar. The first opens with
fOur chapters of "Rornola," by Marian Evans, with
two ithistratiinie by J. A. Millais. There are also
new cbapiters . e" The: Small House at Allinghatn,"
Anthony Trolfope'd new novel. Theckeray con
tribute's:a; Houridabinit Paper, and Sit Sohn Hers
chel's Notes on Science are very good. There are
seven nther . papek. l'ettiple' Bar, Mr. Sala brings. ,
Lis Adveittiirbs of Oaptain Dangerous to 'a close
they have not hien pOpbtai. There is the commence
ment of a new tae; ',The Takla of the Tiedgolds,"
which promises well, and, vlgoroui and powerful,
yet delicate withal, four/new chapters of "John
hiarchmonVa negitey," by Miss Braddon . ; author of'
"Aurora Floyd'' , There are nine other articles, in
prose and verse, besides the three which we have'
thus particularly mentioned.
~, _ ..
' - THE IILUERNIA FIRE Thou t_so2sri • ANY.-
—The one hundred and eleventh anniversaryof this'
estimable fire company occurred yesterday; and; in
the evening, the occasion was duly celebrated bythe
members of the company, at their hall. The 'time
fixed for the celebration was inadvertentleudfd,rtu
nate, as an alarm of tire was given just abriiit the
period for the commencement of the festivitieti: The
Chief Engineer of the. Department and other. &este
were necessarily absent, for a short time. Qn their
Arrival, the conq sat'down at richly ladMi tables,
around which the utmosteordiality and gooirfeeling
prevailed. cblonerStimes Pnge, the mucheifeemed
president, presided, as pas been his custom (many
years. Feliditous epeecheijollowed the annersary
)
bonier by hnumber of gentlemen, all of whi,t were
characterized by •the flremen's openness 'et nature
aped unpretending eloquence.' The Hitteinia, we may
add, is one of those companies which haie advanced
the reputation othe:Philadelphia! fireman, and re
ioved the atigmh which reckless' men .have in the
Past fastened otrthe'dipartinent. The engine of the
Marina is doing i tohdaervice for 'the Government
at Washing - ton. al i t evening 'a hew carriage was
housed, with BO' ettlicfse.' -