1
AND BLOOMSBIJRG GENERAL ADVERTISER.
LEVI L. TATE, Editor.
"TO HOLD AND TRIM THE TOUCH OF TRUTH AND WAVE IT O'ER THE DARKENED EARTH."
S2 00 PER ANNUM.
VOL. 14.--NO. 7.
BLOOMS BURG, COLUMBIA COUNTY, PA,, SATURDAY, APRIL 21, I860
VOL. 24-
THE
Culumbin Dnnntrnf
M rCliJMUD t HRV HATCRPAT T
LEVI li. TATJ55,
IS DLOOMSBUIiO, COLUMBIA COONT, TA.
o vFu: E
, U n Oriel BullJit;. opr"t" Ereaanfr, y M
V Us Owl ui. "flewiurrttIK lYeod ttaarlers '
TERMS OF SUIWCIUPTIOS.
11 OJ In alrme.'. f ir ono eopy, for ill month.
1 7i In advanve. for one roiv,ino yiar
V rJ If not paid within tliu nrt three month.
15 Ifnotpai t wiilict tli first ell months.
8 AJ If nat paid within thcyear.
E7- N" subscription taken for !! than si months,
,ul no paper discontinued uutllall arrearages shall naid
I rj- onilnar AovmnitvTjlnarteJ,anil JoaWoni
flMUtJJ, at the eaeibllshed prices.
CHOICE P0E1HY.
IIB SONO Or AGES.
nair those frand, triumphant votes.
khantlns e'er that hymn sublime I
ftx that ot of star-rrowned lurou"
.Mantling thmuEh the fl-l.lof Tint" I
11a the army of the agest
They of faith anj ruUragc strong,
Who, with paa, anil tongue, and rslrhion
lh,ttk-d with tht giant -Hiong.
IWi. mecf . riuih t),natt)r.
tcn who ilar. 'I, and mm who fousht.
ilea of patient, atom r-n.1' avor,
.lien hij-h browed with loft) thought.
I'rntf the) lalmred, bravo tln-y sjlkreo,
Brave III' imntlll liny r-veall
Mistily It Ih ir royal in an hoed.
Holy in lh.:ir quen lileis t -si.
eVm-tn ilunjon priyd an I wr'ilt'il ;
With their IiIoaiI mioi H-ulcl tn, lr sown;
for wc anow by tli' i- jlory,
by the ftiu.e upoit 111 Ir brows.
th:y inarrbal L i-t ttluiopha'it.
l.'la I in lirUlit I unio ul voiith.
Trampling o'.r tin ir.iv.- of tirror,
Oodlike in the lulnf. Trail". V
HarV ! rtcnn s.v,-l. ft rth th" anth -m,
Tw Hit- p -a of M.-i-'il soul. 1
frauifht with Jo) a.i-J holy tri-iiiph.
Ulunona to lli' st-irs it r.ll.
(.'an w-,! h.-ar lie lolJ and ail nt
While .men!- that ninthly son-:
( an we li.ll-ss ,lr-nin sn.l .lui.ilor
Whit-" a rrnwn awaits the -trio'; t
We loo rAr a lrnt ar- utathn?-!.
Sari'l aa th- v stal tir-;
Tit llu Troth front (J'.il i fin il.
for which fought a.il ih'il our ir'e.
ImI ih ,ir,n, tli'a, f r th (onin t,
M'e inui't battle fir tlu Night.
Piiir o loii't'it'nnz hol nf attiri '
Hr'ath on tif )nnr hallnjj tniittit
1 he Gonoral Bank nf; Law.
Art n.N.U.LY l'ASSKD ItV IIOTK IIIIAS'.IJKa
ok thi: Mr.vTU i.K'iisi. tii:e.
Th? nnicrHmi'nU of the State Senate to
ho Oi'iicrsl li.tiihiii.' Lav, having hern
fonrurrcl in lv th" Hotitc, it lias pa.-s-rrl
linally lioth branches ot the Oi.'i.iluture,
end )r.n lieti sineil by the (iovt iunr.
V jjin; bflow an ub.-trnct of it- jirovls
Untt Sk.'tiov 1. 1UU CKflul liy !h.r S'H it"
tl uncut litpns lit t f?S 0 th'' Omu
xMinxcftUh of J'.imsyr nia ill H-ifiui
.listmb'u met, turi it is Itrriln rvwt tl btj
Iht (iwhnnt'j nt'thr j imc, Tlmt any num
ber nl' persons, not li--- thin five, puttier
thip or atirociation, in pursiiaueu ot tiii.i act
m.iy i-stabtish bank. of (ii,.eoiint, ilipoit
; iiii-i circulation ."ubji'ct tn the trnin. eon-
ditt'jtn, coutingeiifiiH, revtriftions mi'l Jia
btl.lied h.ruin.ilter iiri'ierib-rl i but t'ic
capital ot no htnk
t iblished under the
provision of this ait shall exceed on;
miliiou of dollars, or be less than fiftv i
t loutaud dollns. "
Sk:. a. That whenever any such part- '
acrship or association ol oituens desire to j
isUblish a bank, or increa-c its capit tl
h-y shall make a certificate, to be herein- '
aft it described, under his or th-ir hands '
and EC lis. aud shall cause a notice of the !
psuie to bo advertised for at least six mouths'
in at least three newspapers, one published
at the sjat government of the State, and i
tha others in the city or county wh re sue'i '
bank is locat. d, one of which shall be in i
the German language, if such newspapers
is published, which cartifn'eate, after due '
no,i:e of the mmo shall be published a.s
aforesaid, shall be submitted to and exam- j
ined by thj Attorney General of the Coin- I
...1.1. ...tl.T' . . '
uijuwciiiiii, ain uy nun ccrtiueii id ne prop-
eyly drawn aud sisned, and that tho no-
ISj to the tame has been duly and correct- an oath that iu will, so tar as the duty tie 1 mg nam; ; me compensation oi sueii re- one oi wn cu papers snau ne iu uiu un- uralt, lull ot ixeliangv aceepiauce, ceruu- ..e,.,. ,.,, ... ...... u-;, .i.u ...c.
ly advertised according to jaw, and that , volves on him, diligently and honestly ad- eeiv.-r shall be live dollars per day each, mail l.ingu ige within the county, or in two I ,,.lt(. ot- ,t.po3itc, or other evidence of debts, ho compared to an hour-glass, their read
no certificate and the publi-hed notice is I minister the atlair.s of "the bank, mid tint , travelling and necessary expenses, to , English papers. which from its character or appearance, jug beiti" as the sand it runs in and out,
iu coniormitv with the Uonstitution and tho
i .i- i.i. I--. ...I t ,
r-iwa oi una -00111111011110:11111, lor wnicn ser-
rice the Attorney General shall be entitled
to a fee of live dollars I
1. The names of such persons, partner
ship or associ tion, and the name and res
idences of each member of any partner-
1 hip or association.
U, The lilacs of business, designating
ilia c'tr.. tiu-n nr villa re. nn.l ilw. isiintv
whire the contemplate I bank is to bu o-
O ' - - - J
catjd, and which location shall not bo
changed without tho consent of the Audi-
tor General after six months public notice,
3. The amount of capital stock of such
cu as.-oci ition, the number of shares into
wlicii the same shall bo divided, together
' with any contemplated increase of capital
ftock.
J. The names and places of reisdence of
the Bhare-holders, and tho number of
shares held by each of them respectively,
Skc 3 provides for a proper method of
rocording the certificate here referred to.
Sec. -I provides for the continuance of
the operations of the bank for twenty years;
etxpowers it to transact tho general busi-
nets of banking, the collection of its debts,
Ac.
Sk. 6, That it shall be the duty of tho
Auditor General to report annually to the
Legislature, witbiu throe days iroiu tho
commencement of tho session, a biimniary
of the state and condition of every incor
porated bank or banking institution, mid
every ptivate bank from which reports
Lave becu received for tho pieceding year
at the several dates to which such reports
refer, &c.
Sej. 0 That any increase of capital, al
ternation or addition shall be advertised.
m provided for in the 3d section of this act
for six mouths, and thou bo submitted to
the Btoek-holders at a general meeting call
ed for that purpose, and by them approv
ed , and further, any such increase ot cap
ital, alternation or addition shall also be
approved by the Auditor General : aud if
appvovcil by ths same, shall be attested
and recorded, and published as is provided
in the original formation of said bank.
Sec. 7. That the Auditor General of
this Commonwealth shall cause to be en
graved and printed, in the best maniier.to
guard again-t counterfeiting, such quanti
ty of circulating notes in blank of dilfeicnt
denominations, not less than live dollars,
each of which is authmued to be issued by
the banks of this Commonwealth incorpo
rated under this act, as he may deem nec
essary, from time to time, to carry into ef
fect the provisions of thi net; said notes
shall be couutersigned bv the Auditor ficu-!
;ral or by a clerk appointed bv him for
that purpose, nuiubeied and registered in
his olliee in manner a directed by him in
a book Urpt for the purpo-e, and all notes
iy-ifd by li i in shall be uniform, and they
shall have stamped on them, secured by
the deposit of public stock.
Hjlv. That th-; platea. dies, and ma
terials to bo pioeined bv the Auditor (Son-
eral. for the piiutmi and mating of such ' when liable to th.'bank for any tlubt that
bills or notes for circulation, shall remain - is overduo and unpai.l, bo entitled to re
in his ru-todv a.id timier his diri eti.ni. and ceivc anv dividend, intp.ra-t. or ,u-n!it nn
! th" expense? neresiai-ilv incurred in exc-
euting the proii-ion of thi act shall he cin iime'; but all such dividends, interests,
audited by the Auli'.or General, and iid, or promts, shall be retained by the bank
out of the trea-ury on his wiitten order. . and appiiul to the dii-clnrgc of snob lia
and for the purpose of uimbur-ing the bilitie.
same the Auditor General is hereby au
thorized and rerpiiied to charg.; igairi'-t
and receive from ench b-ink or banking
a-oci.itiun applji ig for -uch notcs"fr cir
culation such rat.; nor centum there tn us
will repay the i-sfiwes necessarily incur-
ed, as b.'.ori' ilir -et
hKf. 9. prnrides tint the Auditor Gen
eral. with tiie approtal of the Governor,
shall device a -eal with a snitiible in-eriii-
tion. for this branch of his dutiis, Ac,
Sr.r. 10. That banks ctabli, hod under
this m-t upon lgilly assigning to and ile
positing with the Auditor General, the
uoiiHsor cv.di nee-, of d-.bt of this (.'oinmo"'
vvealth, or a the tTnited Slates, -htil b.j
cntitl d lo receive an .Tuount of such cir
culating nofs m bl'ink, of th denomina
tims such is th"v may raquire numbered
registered, count) r.-igned and stamp. 'd as
is herein provided for, the bonds and
stocks to bo taken at five per cent, ls-s
than their market valup : 'ni;nr-l. That
tho same is n it above pir.
Sk '. 11. provided fhatthe AudiDrGcn
eral may, at his di-eretion, (xehange such
bonds or evidences of debt, or any of them
on receiving other approved bonus or evi
dences of debt of this Oviinionvveaitu. "r
of the United St it"s, of cnu il amount,. Ac.
bK 1. providns that th.'
bnni;iii'j as.ooiation tran-ferrins
bank or
bonds or
evidences of debt to the Auditor Genoril
may receive the interest that accrues there
on, unless default shall be made in tmin;'
the bills or notes to bo counter.-igueu as
1 albrc-aid, or iuik-.s the bonds or evidence,
of debt so pledged shall become inu(lieiom
' security for the payment of such bills or
j notes. And it turther provides for a semi
j aunit il valuation of .-aid pindie stocks that
lit they decline so low iu market value as to
' be unable to secure noteholders, the banks
! may be compelled to give lurther security.
tE0. 13. Thit the all lira of every bank
shall be lnanagid by not less than live nor
i more than eleven directors, and they shall
tne lulls or notes to ho counter: lguett as
afore-aid, or nub is tile bonds or evidence
of debt so pledged shall become inu(lieiom
security for the payment of such bills or
notes. And it iurthr-r provides for a semi-
"unttil valuation of said puolic stocks that
they decline so low iu market value as to
he unable to secure noteholders, the banks
may he compelled to eivu lurther security,
feEO- 13. Tint the all lira of every bank
shall be managnl by not less than live nor
more than eleven di'rcctors, and they shall
choose one of their number as president of
the bank. livery ilircetor, shall be a '
e tizen of this t'omm niwealth ; e ich di
rector thall own, iu his own name and
right, at least one pi r c ut, of the capital
stock of the bank, up to two hundred
thousand dollars, and tuu half of one per ,
li. :.!... .1. .1 t I
wan. on m imjiilsi nue uer ran oiiiri
thousand dollars ; each director shall take j
Kuowingly violate, or willingly permit to
l... . : A i .. . .i .i .1... .-.t.:
viuiiiicu, ,tu ui 1110 piuvtsiuns 01 .ms ,
aet mill t mt i,. the inim i Me .lunni- in i
his own light, of the took standing iu hi-'
name on Ue books of the bank, and that 1
the same is not bvp ith.-eated, or in anv
way pledged as security for anv loan ol
taiiietl or debt owiier. uhieli oat"li. siibscrb
ed tiy himself, and certified by the ollicci"
before vvhoiti it was taken, shall he tiled
, . -
ami carctiiify preserved 111 the oliico ot the
recorder of deeds in the county in which I
the bank is located ; but no per.-on shall
be president, cashier, or director, or ctth-
it, of more than one bank at the same
time.
Sec. II. That the directors of any bank
first eletted shall hold theii place until
tho first Monday in November next there-
after,aml until theirsucecssorsshall beelee-
ted and qualified. All ubctUcnt dec-
tions shall be held annually, upon the first
Monday in November, aud the directors so
elected shall hold their places for one year
and untill their successors are elected and
qualified ; but auy director removing from
the State, or ceasing to bo the owner of
tho requisite amount of stock, shall thcre-
by vacate his place. Any vacancy in the
bowd shall bo filled by appointment by
the remaining director-!. Tho ilircetor so
appointed shall hoM hi.i place until thu
nt'xt nuimal clfction ; anil if, from nnr
eause, nn election of directors shoutd not herein provided for, and every class of j creditors of such bank, may, in case pay- depo-its of money, bullion, or other ralua
be made at the time appointed, the bank items therein, under separate heads, set- incut of such notes of circulation or other ble thiug for its use, or for the use of any
shall not for that cause be dsiolved, but ting forth thu amount of tho capital stock claim has been refused when lawfully do-1 of its stockholders or creditors, all pay
an election maybe held on any subsequent actually paid in, the cntiro mnoimt of mantled and remain unpaid, apply to any I mcnts of money to either, made after the
day, thirty das notice thereof having been indebtedness and liabilities of said bank, I court of competent jurisdiction, lor its writ : commission of an act of insolvency or of
given in a newspaper printed in the coun-, tho amount of circulation, the amount of i commanding tho Auditor General so to contemplation thereof, with a view to pre
ty where tho ha.ik is located. j depodts, tho amount of gold and silver in I proceed, i;e. vent the application of its assets iu tho
Skc. 10. That iu all elections for diree-, the vaults of the bank at tho time of ma-1 Skc. 'JS. That if any bank shall neglect ' manner prescriped by this act, or with a
tors, and in deciding all questions at meet- , king the exhibit, thu amount of bills, bonds', ' or refuse to comply with any order ot tho view to the preference of one creditor to
ings of the stockholders, each share shall ' notes, and other evidences of debt, the i Auditor General, made in accordance with ' another, except in payment of its circula
entitle the holder thereof to one vote. value of the real and personal property of the provisions of this net requiring such ting note-s, shall be held utterly null and
Stockholders, inay vote by proxy, duly the bank. j bank to reduce its circulation, or to pro- ' void.
authorized iu wiiting, if dated within thir- Si: y;). That the directors of each bank j vide a larger amount of specie or other1 Sec. 37. That, if the directors of any
ty days j but no officer, clerk, teller, or shall, semi-annually, on the lir.-t Monday i means, or to pay iu its stock, or to do or bank shall knowingly violate, or knowing
book keeper of the b ink, shall act as proxy ; of .May and Not ember, declare a dividend j cease to do any other matter or thing which ly permit any of tho officers, ageuts, or
aud no stockholder, whoe liability to the ol'o much of the net profits ol the bank said Auditor General may deem necessary servants of such bank to violate any of the
bank is pa-t due aud unpaid, shall be nl- ' as they shall judge expedient, aud pay the ' for the security of the not. holders and oth- provisions of this act, all tho rights,
lowed to vote. ) same to the stockholders, on demand, nt ' or creditors, that the Auditor General may piivilegc, and franchise' of such bank
See. 10. That no bank shall be permit-1 any time after the expiration of ten days I apply to any Judge of compotent juiisdic- shall thereby be forfeited. Such violation
ted to commence to carry on the baaiuess i therefrom, but such dividend shall in no ' tiuii," by petition in which the Auditor shall, hoivevor , bo determined and adjud
of tanking under this act unless at lea-t case exceed the amount of thu net protts , General shall be made the petitioner, and ged by a court of competent jurisdiction,
twenty per centum of the cipitil stock of j actually acquired, so that the capital stock j tho bank implicated defeiidiint,bettiiig forth vVc.
such bank shall bu paid in gold aud silver of tho bank shall never be thereby im-1 the sub-tance of each order or orders, and i Snc. 39. provides for the punishment f
coin or bullion, ami shall be in the actual . paired, and if th- directors of tho ' bank ' such neglect or refusal on the part of tho j every president, director, cashcir, teller,
possession and bona fide the property of, shall make any dividon Is which shall im-I bank, its otiicers or agents, and the Audi- , clerk, or agent of any bank, who shall
the bank at tho time of its commencement pair the capita! stock ol thu bank, the Ci- j tor General Inning made affidavit of such ombei.le, abstract, or wilfully misapply
of its banking business, and at the place . rectors confuting theuto shall be iuiutlv neylect or relusal, that it shall be the duty any of thu moneys, funds or credits of such
.la.,)n,l I.,, n, 1.1..:. ...- 1 1,.. , , 1 .... V.,,.- , . , . I, !...... .!... f. ' .,. f.. .l.
i..,.. ....... ..... vi.ij.iig wii oiidl UU-IHI.-3-,
nr..'. 17. 1 hat tlio capital stock ot each 1
bank shall be divided into shares of fifty
dollars dob, aud shall be assignable
on the boaks f the bank in such manner
a the by-laws shall prescribe ; but no
shircliolder .-h ill have nower tn innsfer!
any shares It-Id in hid own light, so longa
he shall be liable either as principle, debt
or, surety or otherwise, to th'.1 bann for any
lebt. without the consent ol a inaiority of
thodirocturs ; nor sli.tll sueli sharo holder
such shares a longas such liabilities shall
Sk '. 1 Th it if any shareholder, or
lii as-ignoess, shall f'lil to pay any instal
ment on hit stock, when tho same shall be
required to bo paid, the bank may soil
rueh .stock at public auction, havinit civen
three weeks previous notice thoreoi. in two
newnpapers. in ties enuntv wli-rc the bank
is loetted, if two are ptibli bed. and if two
are not publi-hed, then in one, tithe hi.'h
e-t and best biddct for the nine, and th"
excess, if any, after paying th: ep:n e.s
of the sal", shall be reltloded to the delin.
quent stockholder.
Si:j. It. That if any b.'.nk, authorized
bv t!ie pr 'vi-i'sny Oi tin-uct. .siiail lvfu-ei
topi', it'iiotso! cireuht.ou or anv ol
tiieui, in gold or 'i!-er onili of the awful
currency ot tlie United Status, on which i
paymout .-hall lie lavvtullv ileinanileit atltv
liaiiking-liou-e or customary plac.i ol itomg
banking bii-iii';ss, duiin ' u ual baukin
hours, the hol'leis of such protest :d notes
may cause the sjine to be prote-ted tor
non-pivin 'lit bv a nol'irv public, under hi-
ollieitl .-cal, iu tliu usual maiiner, and the j
Auditor General, on receiving and tiling
iu his otliej such protest, shall forthwith I
give notice iu writing to the maker of -ueh j
note or note-, to p iv tho same, anil it they
refus't to piv tho same with interest, co.-ts,
and protest, for (twenty) days alter such
notice, thu Auditor General shall thereup
on declare such bank to have committed
nn act ol insolvency,
onreeeivnigrciiii.li.iniriruiaiiohiii.it any
bank h is committed nn act ot iii-slvcncv ,
chill lortluvilh appoint a committee of '
three judicious and discreet, citizens ot this
Commonwealth, who shall icciivo live t'ol-1
lars per tl.ty each, an 1 tlitir traveling and
n-ce-saii e.vp.-ues, all of which to bu
paid by said bank, who shall make home-
diatu inquiry into the truth of -ueh infer-'
niatiou and report lh"tcon to the Auditor
General of the Commonwealth, and if thu
said committee, or a majority of them,
shall report that such bank has suspended
payment of its notes in gold or silver, he
shall loiilivvith appo'.tit a suitable receiver
who -h.tll take iiinucdi.it po-e.-sion oi the
books records, inoiity, eho,esiu action aud
property at such bank, of every descrip -
lion including the securities deposited with
tl,.. V,i,i;t..i: .-.,1 n,l li,,l,l tin. e'm,.i
..... .... ................ - -
lor the joint use of the creditors olthe fail-
u pain ny nam natii. wuo-e assets ue is
-m .ini,l i. t iL- nn;.,..!,n nl'
..,-j'..i.e. .v .......
fti- . jm i nut tiie receiver aiipointctl
a provided in this act shall be required to
give bond iu such -11111, and with such u-
1 reties, as the Auuitor tieinrai aim ttov-
1 ernor shall deem sulhcicnt, and under the
! direction of said Auditor General shall
proceed to settle up the iiflairsot such bank
I .111J shall convert into money all its assets.
... , - , , . ,
ot
every kind whatsoever, with the least
iblt! "delay. Tho money so made shall
po
be applied
1. I'o pay all the liabilities oil account
of the notes of circulation ; to pay the same
011 demand, aud set aside a sum sufficient
to meet all the said notes outstanding.
t!. 'flu n to pay all tho deposits of tho
bank.
3. To the payment and discharge of all
the remaining liabilities of such bank.
1. And tho residue shall be divided
among the stockholders of the failing bank
in proportion to the stock bv them rrspeo-
tively held. "
Sec a'J, That it thall be the duty of
tho cashier of every bank to publish
monthly in ono newspaper of said county,
wherein tho same may be situate, if there
be (two) publishes! iu said county, one of
which shall be in tho Ocrnnti language, if
such a ono is, tmhliihetl in the couutv. the
entire amount of the assets of tho bank as
hum .-uvuiauy liaOlU, 111 ail aeilOll 01 til IJl,
scire lacus. or bill in ermitv. in their
individual capacities, to such "coi noration
lor the amount of the stock so divided, and
ivieh director pre-eut, or otherwise, when
such dividend shall be made, shall be
adjudged to bo consenting thetcto, unless
he f rthwith enter his protest on the min
utes of the board, and give puMie notice to
the stockholders of the declaring of such
dividends.
Si.". 'J I. provides for the amount of tax
the new banks shall pay into the Treasury
of the State.
Se:. Uo, That on each dividend day the
ca-hier shall make a full, clear, and ac
curate statement or exhibit of tho condition
of the bank, as it shall be on that day,
after declaring the dividend, which shall
bo verified by the oath of the president and
ca-hier. retting forth
1. The amount of the capital stock actu
ally paid in and then remaining as the ac
tual capital stock ol the hank.
'1 he amount of tin bills and notes of
the bank then iu eirculati m, specifying tin
amount of each tit nomination.
i 51. i ho greatest amount ot notes in cir
i dilation at any timu since tho uiukiiig ol
tlu last previous statement, spocitving tht
I tini': vvle n llu s.iiu" occurred.
! !. The balance- an I debts of every kind
do
t'.u
lo biul.s ol tins State, aud the amount
to b ink- tut of tlii- S.a'e.
Th.' amount du- to ikiusitor1.
li. I In- total amount of tiebts ai.d liabdi-
ties ol every de-erip'ion, and the greate-t
amount since' til : last ireviou-.-lat.'iiient,
speeilyin ' Ih timu when the -imo oceur-
letl.
7. The total amount of dividends dcelar
ed on the day of m.ikiicr the statement.
S, The amount of gold and silver coin
and bullion belonging to such bank, and in
possession at th.1 time of making the. state-
meiit, designing the amount of each.
11. The amount on hand of bills, bonds,
n.'tes, and other ovidencesof debts discoun
ted or purchased by the bank, specifyiiis
particularly the amount of susp 'licled debt, discounts, nor make any dividends of its
the amount cou-idered bad, the amount profits, until the required propoition bo
considered doubtful, and tho amount iu tween its outhtaiidiugi'iieulating notes, and
suit or judgment. gold an 1 silver coin, or its equivalent, shall
HI. The value of the real and personal be re.-tor-'d.
held for the
convenience of tho
bank, sp"iiiymg tuu amouui oi i
1 1. '1 h" amount of real e-t.tte
ueh .
taken fur
debts due the bank.
la. Tho amount of the undivided profit
of the bank.
13. The total amount of thu liabilities to
the bank In the directors thereof collect-
ively, specifying the gross amount of such
liabilities its priueip il debtors, and thegross
amount as endorsers or securities.
II. The total amount of liabilities to the
' bank by the stockholders thereof collective -
ly, specifuig the gross amount of stieh
liabilities as principal debtors, and the gross
i amount a.s indorses or surcths, which
statement shall be tbi limit h transmitted
to tho Auditor General of the Common-
' wealth, and a copy theieof immediately
published three times iu two newspapers
1 nt' tl,,, r.i-.init,' ill M-l.inli sniil li.'ltlk islo.
...w ...v - -
e.ited, provided the samu are publi-hed,
oia-.-u. i inn u .ui ij.uiiv, .ift.iiii-i .....e..
I llm Vitilito- (it.ii.M-.il lifill have instituted
( ...v ........ -,ww - ---
nroceetlitiL's, on account 01 any sup noseti
act of insolvency, as prescribed iu this act,
shall deny having committed such act of
, insolvency, Mien nam. may appiy 10 any
court ol competent jurisdiction tor a writ
of jurisdiction to said Auditor General, to
suspend all luithur proceeding, against
1 such bank as an insolvent hank, aud such
court, attir cuing said Auditor General to
appear mid show eau-e why such writ
should not hi granted, aud alter the find
ing of a jury that such bank has at all
times continued, and still continues, to re
deem, in gold and silver coin, its notes of
circulation, sh ill iniiko an order enjoining
the Auditor Gin -ral from all further pio-
1 feedings against such bank on account of
the supposed act of insolvency on which
1 such proceedings were instituted, and
theicupou all the property and as-cts of
' such batik sball bo restored to its direct
J ors.
Sec. 27. That if tho Auditor General iu
i any case fail to proceed iu tho manner pre-
. scribed in tho foregoing sections of this act,
in providiug for tho payment of the out-
siauuiug uoies 01 ciietiiuiiou uuu uiuei im
bilitic of the failing bank, and in cloeing
the affairs of any bank that shall have I
committed an act of insolvency, tho holders I
of any of its notes of ciiculatiou, or other ,
Ol SUCH JllUgC 10 .lllOW an llllUUCUOU, tC.
Sei-. !!. That niinn the allowance of anr
such injunction, the properly, creditors, '
securities, lientd, aud assets of every dc- 1
seription of such bank, shall forthwith vest
iu the Auditor General, who shall appoint
a receiver or receivers to take po-cs-ion of
thu same, a is provided heretofore by this
act &c.
Sec. .10. That no bank shall take as ?e -
einity for anv loan or discount a lien on
anv part of its capital stock but the same
set'uritv. both in kind and amount, shall be
rooiiiiiid nf shareholders as of ncr-ons not
-lureholders, and no bank shall be the
der or pui chaser of any portion of its
ital, or of the capital stock of any other
hold
capit;
ineoriior.itfd bank, unless such purchase !
shall be ncce-.sary to prevent loss upon a j Se'- '10' Tuat 'IC nolc, issue(1 hi' nni' !
debt previously contracted in good faith, on i inoorporated under this act shall at
security which at tho time 'was deemed . receivable in payment of all
adequate to in-uro the pavinent of such States taxes and other State dues,
debt, indep-ndent of any "lien upon such Sej. dl. That the General Assembly
stock, or iu case of forfeiture of stock for may altel' or "pe-1 this act at pleasure,
non-paMueiitofthoiii-talnieutsduethere-i1-111'1-01-1-'1 altering or repealing this act
on, as provided in this act ; and stock so I sliri'- impose any injustice or wrong upon
purchased shall iu no ca-e be held by the ' the stockholders of any bank ; and that
bank- o purchasing for a longer period of 1 f association of citizens who have de
time than six months, if the same can bo j claro'" their intention to make application
-old for what the stock cost thu said bank, 1 40 ilia present Legislature for an act of
or at pars nor shall anv bank, cither di- mcjrporatioh to organize a bank of issue,
rectly or indircctv, pledge, hypothecate, or al"" have caused such advertisement to be
exchange anv ofits notes of ciiculatiou for ui'"lu r ll'0 same as is required bylaw,
the purpo-e of securing nunev to bo pail in ma.v ath their associates, estabh-b a bank
..n its capital stock, nir pledge orhvpothe- . lind(!I' t,ie provisions of this act at anytime
eate, directly or imVrectiv, any such nets , afu'r t- pas-ag. Piovnlcl, The Attor
t bo u-ed in its ordinary busine-s opera- c? General is satisfied and does certify
tiuiis. ' i "'l!lt rtuc'h adverti-cment has been made in
Sr.'. ill. That each bank shall at all conformity with the Constitution and pre
times have on hand in mid and .-ilver coin. I c"t laws of this Commonwealth.
or in equivalent, in its vaults, an amount
equal to-tweuty per centum of all its circu
lating uot'.'s of very disciiption whatsoever,
and whensoever the amount of its outstand
iug circulatiiii; notes shall exceed the above
t r.: ... (:.. i..,. .i,n
name-,! -jiujjuiir.ii,uu inui.u. us iiuii-.ssm.il
1... ,..,,.l ,, ,, r.l l,,it,..i-iM.s .Mil in rirAn nhnn
by such bank, nor
l,i, y, u. .o, ,., v ,..,,.
sli.tll -non liinL- mpmnsn
it. liabilities by making any new loans or
Si:., it-. I hat no bank shall. uuringtue
time it shall continue its operations, with
draw, or permit to be withdrawn, either iu
form or dividends, loan- to stockholders,
or in any other manner, any portion of its
capital stock ; and if lo-ses shall at any
time luve been sustained by tho bank,
equal to or excediug its undevided profits
., t i . . : i ....1 . .t.n t .!..
then on hand, no dividends shall be made
and no dividends shall ever be made by a
, bank while it shall continue it-banking
operations, to an amount greater than its
1 m,t profits then on hand, deducting there
flom ;t, losses aud bad and ni-pi inled
i ,bts, and all debts due to the bank on
which interest are paid, due, and unpaid
for a peiiod of six months, unles-the samu
( s,ai liC ju process of collection , shall be
eousidered bad and su-pended debts within
tilt. moaning of this section.
s: .. '1-1 M'l.r.t .lifill 'itnnv
ui... oo. o"o " .'
time is-tio, nr have in circulation, any note,
eiall cireuiaitu, or inieuueii to ineii-
1..1 ...1,,... it &iw1 n,.t... it'
(:uu ,,B muu.,, uuio .i..,..
.. ,.,. nt,n ns ar, ,v this act iiescriueu.
all,i wi,ic, lu.li Imnl; isby thi- aet author- I
t0 ;,.,, for . purpose of bciua circu- 1
lated as nioiiev.
Sic. 31. 'I hat each bank shall receive at
par at the olliee or banking hou-e of such
bank, in payment of dues payable at such
bank, for notes of hand, bills of exchange,
or other evidences of debt, discounted or
purchased by, or belonging to such bank,
the notes of circulation i-sued by any other
solvent bank, incorporated tinder the provi-ions
of this aef
hex. iio. I hatcvt r nam. may 1. i.e, ie-
serve, receive, and eharge, 011 anv 10:111 or I - , - .
discount made, or upon any notour bill of j " U would say to tho rascal who stole the
exchange, or other evidences of debt, at 1 shirt off tho lino while we lay 111 bed wait
the rate of six per centum per annum on m,. for it to dry, tint wo sincerely hops
the amount of any such note, bill ol ex-
Cliuilge, or oilier ev eie-iiee ,(m i,-
.B..i' .i r., - WiW Ann-few.
-1 ...:.i c ,i..i 1 ..s M
That interest may bo reserved, or taken ' right;, no business to have a shirt. A prct
in advance, at the time of making the loan ' ty editor, thus indulging in such luxuries !
or discount, aoeordiug to th usual rules of j y0 expect next to hear of the extravagant
banking, itM.. Ac, . fellow aspiring to wear stockings and bea-
denizes of debt owing to any bank, or of I ness and cxtravaganoo of Mine folks 1
deposits to its credit, all assigtiments of
mortgages or other securities on real estate,
or of judgments or decrees in its favor, all
u.iuiv, -y. ouan wu.ui.mi. niuiiujltj iiwm vuv
directors issue or put in circulation any ot
tlic notes ol such bank, or shall without
such authority issue or put forth any ccr
ttueate of deposit, draw any order or bill
, of exchange, make any acceptance, &c, by
confinement in the penitentiary at hard
I labor not less than one nor more than ten
' years.
!" "" That the fovcral banks and
! banking associations of tho Commonwealth
j ineoiporated lor the purpo.se of banking
' under spjoial charters, are hereby au-
thorizcd, by a vote of tho stockholders of
institutions', to call in and cancel their I
circulating notes and to carry ou the bu I
sil;css ot' banking under tho provi-ions of
this act.
Quaker. Ladies. Quaker young la
dies in the Maine Law State, it is said,
still continue to kiss the lips of the young
temperance men to see if they have been
i . . ..... - .
itampeiing with liquor. iJust imagine a
1. .... . . . .
i .... vouni? mrl annroachin2 vou
woe . o w
young temperance man, with the dignity of
an executive officer and the innoceuse of a
dove, with the charge : Mr. , tho
ladies believe you are iu tho habit of tarn
pering with liquor, and they havo appointed
mo to examine you according to our estab
lished rules are you willing?'' You nod
acquiescnee. She gently steps close up to
you, lays her soft white arm around your
neck, dashes back her raven curls, raises
her sylph-like form upon her tiptoes, her
round, snowy, heaving bosom against your
1 own, aud with a smile as sweet as heaven
lnia,.0 1,.., rt,.i, noutv. sweet, surrar.
I v.. . n i
molasses, butter, strawberry, honey-suckle,
sunflower, lily, baby-juniper, ro.-e-bud,
lercain, tart, apple-pie, peach pudding, apple-dumpling,
gingerbread, nectar lip5
1 agaiiiit yours, aud (Oh, Jerusalem ! hold !
1 busses you, by erackey I Hurrah ! for
the gals and the Maine Law, and death to
ill opposition.
lwu-rPi t sisdi' Itrtni'iM fnlsrlilirn
, ' """ , '
i . , ,..,,, 110 ,,. behind
4 ' o '
A second
, , . . . ..,,.1.1
a sponge which
1 '
imbibes even thing, and returns it iu nearly
j the same state, only a little dirtier. A
, third class he likeiul to a jelly bag, which
allows all that is pure to pass away, and
' rctaius only tho refuse and tho dregs. Tho
j fourth class he compares to the slaves iu
i tho diamond mines of Goleomla, who, enst
! iug aside all that is worthless, prescrvo only
tho pure gems.
Car A Western E liter having had his
, . Mn ventJ hi, M foUowg.
th.lt (Iie collar my cut ,hroat." To
. . ..,..,
this a cotcmporary
adds : "Served him
SABBATH READING.
COUNSEL.
ht watr wooEtuiie
rtlnaet, In tha path of Ufa
lloea thy tounfc falter t
Are the dearest Idols torn
Trow iby heart's lone altar I
Sit net IJly ty the way,
ilroodlaf o'er thy losses i
Rarest treasurers have bten fotiad.
Neotb the luatleit eroina.
fie who mlnsled In thy tup
Uiopi of stern tlihial,
Mct'th out thy jr.ati-tt Jood
With earh bitter trial.
What thTifh o'er th) Jesirneylsf
Light and shade have bleu Jed,
Is it wle to sit and sigh
Till the ttnfd is ended t
Munn'rlng that tin roaj Is roaub.
And Hisdi.ert dreary;
That the tlesh is travet-staloest.
Or thy point weary I
O, if God hn lunj (he eloui
Tboa bew-alU-st o'sr thsa.
As a rtiming nillar yet
It sball wove bjor." thsef
Lifthtir.s tip th! dtnsrst glixmi
With 1 llvlns beajty;
Teachinj that th re ' naujtit lo faot
la the course of duty.
Dt'ih atvnj- thy blimtme learsl
Leav-' thy frJitlJan sorrowl
Heaven laay smile upon thi path
Thoj shall tread to-morrosv.
TnE NEW MS. MULE FROM MOUNT
SINAI.
The new MS. Rible discovered by Pro
fessor Tisehendorf in the library of tha
monastery on Mount Sana! is to be printed
in St. Petersburg with great magnificence,
under his care, and at the cost of the Im-
penal Government. Professor Tischon.
dorf finds strong reasons for fixing itsdato
iu the first half of the fourth century ; and,
no says, tuat as a means of determining
the text of tho sacred writings, especially
those of the Apostles, it is far more im
portant than even the MS. of the Vatican.
The age of tho new MS. has already been
the subject of a lively controversy, a con
certcd attack having been made upon Pro-
lessor iisclieutfor! s deductions by a num
ber of St. Petersburg Academicsns. Hi
replies were, however, so satisfactory that
his opponents have become converts to lu
belief.
This MS. is the oldest -Ms. of tho Riblo
which has been preserved In the Christian
world. It is far older than any other ex
cept tho Vatican MS. to which it is superi
or in ago and completeness ; for the MS.
ot the aticau lacks five books entirely and
one part. Its authority is al?o confirmed
by tho quotations of the early Fathers
which agree with it more nearly than with
any other MS.
. . i
Men who are passionate aud swift in
anger give a word aud a blow ; sometime
the blow first and the word afterwards.
Oftentimes kings, when subjects have re
belled again-t them, have crushed them
first, and then reasoned with thein after,
wards ; they have given no time of threat
ening, no period of repentance ; they hav
allowed no space for turning to their alio
giance ; they have at onco crushed them in
their hot displeasure, waking a full cud of
them. Not so God : he will not tut down
the tree that doth much cumber the ground
until he hath digged about it, aud dunged
it; he will not at once slay tiie man whoso
character is the most vile ; until ho has
first hewn him by the prophets; he will not
hew him by judgements ; he will warn
the sinner ere he condemn him; he will
send his prophets, "rising up early and
late," giving him "line upon line, and
precept upon precept, here a little and
there a little.' lie will not smite the city
without warning i Sodom shall not perish,
until Lot hath been within her. Thc
world shall not be drowned, until right
prophets hath been preaching in it. and
Noah, thu eighth, comcth to snut" Nic;
vuh till he hath scuta Jonah. He will not
crush Uabylon till his prophets have cried
through its streets Ik- willnol slay a man
until he hath given many warnings, by
sickness, by thu pulpit, by providence, and
by consequences. Hpuigeun,
Do not get despi-ing the littlo ones bo.
cause they have not had so mauy trials as
you have. You great statvlunl men, do
not get cutting tho children in pieces be
cause they have not boen in such lights as
you have. The master leads the sheep
where lie pleases, and bo sure he will lead
them rightly, and as long a they can ay
tho word "my," do not trouble yourselves
whero they learned it if they cai say
from their hearts, l'Tho Lord is my shep
herd, 1 shall not want," i-purgtou
iCD-Better blumW
thin with tho hoart.
itU the intftll.sc-t