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JKJtlfcJr lj^LliQ&
WILLIAM E. JOXKS. Iff «X 30., rBI'RB&AV IKORXUiti M..\y ;s, 8 83S. lTi««wcckly.]--Vol. ID.-No .*53.
y Published
DAILY, TUI-WEEKLY AND WEEKLY, p
At No. Jtroail Street. I 1
Terms. —Daily pupei, Ten Dollars per ami him c
in advance. Tri-weekly paper, at Six Doll irs in n
advance or seven nl the end of the year. Weekly p
paper, three dollars in advance, or (our at the end s
oftheyenr. f:
CHRONICLE AND SENTINEL. n
AUtftfSTA.
I WciUn-silaj jUornlie:, May
We understand that the Odijnmon Council of c
Augusta, yesterday, passed a resolution appro- | 1
prialing Two thousand dollar* tor llio relict ol i j
the sufferers by tho late disastrous tire in our sister j
city of Charleston. Committees have been up- j '
pointed in cadi Ward to receive contributions!
(Irom our citizens. ■ ‘ J
I (
In 15-i Charleston papers of yesterday morning 1
we find a long catalogue of tbu sufferers by the I |
late fire. As it is a matter of interest to many of (
our readers we shall endeavor to transler it to ■
I
our columns to-morrow.
c
Wo publish in In-day’s paper, th ; ■rjnoral 1
Rank !,av; recently passed by llio Leje. hitnic c
-• of New York, of which wo gave sumo ac- |
count a few days ago, ,
Slay Diiy.
Yesterday evening wo had the plcasuio of 1
witnessing the beautiful ceremony of cro-viiing ]
(be Queen of May, which is annually pci formed ,
jit our city, by llic young Indies attached to tho i
[’em tile Seminary of Mrs. 1,. H, Moise. On the 1
present occasion Miss Ann M. Carter, daughter ,
of Dr. Jno. Cpri-.r .gas crowned as tho Queen, i
l'ho whole ceremony \\ as one ol pl6».,ing in- j
lerest, but as a particular description of it togoth- |l
er with all the addresses, will ho given in the fust 11
number of the Auguslu Mirror, which is to np-i
pear on Saturday next, wo refrain from attempts
ing to describe that which wo could only hall
describe in lire time allowed us.
/ hn accident, which had well nigh been of mt'
most serious character occurred yesterday
ing on the Georgia Rail Uoad, about five
abovo ibis city, as tbo cars were returning m
VVarrenton. A piece of timber had fallen aAiu
lire road, accidentally, from u train of .reigh® lo
which had passed along previously, which® ■
the uassenircr cars off the track and ininred ® i
1111/ Idl.M'U lllu It UvIV cl 11 1 1 11IJU ri'U
persons. Among them were Mr. Fraser, U
doctor who was somewhat injured, tbofl
seriously; also the Engineer anti a negr#
Nano dangerously. It happened at ai
the road, and the piece of litrdict Wi*l
covered by the Engineer on nruountßj
smoko blowing immediately before llw
five at the time. ? , (■
The boat race which took placJi '
, nab, on Saturday hist between liiM" 1
Star was for a wager of a consj 1111
of money and boat against
belonged to the Camden county Jg u,>
I and is a Cange; IheSiar-Wofflff^'
L . •w.felrook Clulv > min• *
■ bunt boat from Now York. When the fStar
i was. delivered up to the winners, they gallant -
I ly presented the Lizard in the Lower Creek
[ Club. Each Club, therefore, now owns the
[ .other’s boat, Tire race was performed in 6
| minutes 19 seconds. —Distance, one mile/
1 with the tide. -C-, : ’ '' '
I The People’sl’ress olftbmday says;—“We
i , regret to learn that the eldest son of Mr. Win.
i.J. Hobby, Jr. formerly of this city, but now
spf Macon, was drowned yesterday, in lliu Ri
■;ver, at the foot of Washington street, by ac
,‘ cidenlully stepping off of the wharf, the outer
edge of winch was covered with water. The
body we understand has not been found.”
Drtmlful .Steam Boat Disaster o- 1 tic Ohio.
A Postscript from Iho letter of on r Washington
Correspondent of the 28th .Inst has the follow
ing:—“News has just been received by (lie Wes
tern Expicss Mail that a dreadful explosion of
the boilers took place on board of a Steamboat on
Uje Ohio River, opposite iho city of Cincinnati,
L puff*be was on her way down the rl . cr. One hun
iMybcd ami twenty live lives were lost. There
two hundred persons on board.”
i ' Maj. Gen. Winfield Scott and suite came
passengers hi U. South Carolina, to 1 diarleston,
on their way to ti l( . Cherokee country.
[ruoM °' i cointF.HeoNiiirNT.l
Vp' WAHllfeOTOfl, April 1C!8.
Iri \ho House of ~C . vcr u ai v.s.
Mr KOJiINSGN, i member from Maine,
ulcclcil lo supply lhev^ nc y cernsionctl by the
death of Mi Cilley, appeal,
to day, was quali
lied, and took his seat.
Joint Resolutions from tw legislature of
Maine in reference to the North. st ” m B oxll ,j a .
ry were presented, and icferrcd to ~ 0 (Jonnnivce
on Foreign Relations.
The unlinished business of \v. re .
e-umod. Mr Robertson of Va. again look llle
floor, in opposition to the motion to print , c
report of the Duel Coiumtleo. ,
Mr ’■ROBERTSON lashed with merited sc
verily the course ot the advocates ol th
Committee for heaping gross and abusive epithet
on the objection which had been taken to th
Committee's proceedings that they were in di
reel contravention to the rule laid down in Je!
Arson's Manuel, which requires dial whenever
Committee is charged with an inquiry, and
member is found to be involved, that tact mu
i,t> specially reported ; and no proceeding can I
made against him by the Committee. Mr lb
berlsoil would have preferred an argument
3UC h abusive language. '1 he rule was called ;
idle plea,a cobweb objection, a mere teehmeam
If these terms could be properly applied to t,
rule , then Is every great conservative prim i[
of the rights and liberties ot mankind, ame
technicality—'hen is every principle ol ..big
Charla,and out own constitution a mere It--.
ni«aliiv. We have no law ■or 1 tovernuieut.
jE? ■ opposed to ihe
Mr RODEKTsINI T‘ o \ v , sno
printing, nol tlic P«*/ s n |, rolul U) , ho
prehension 61 the i« /p /.,, (i
country. iTi! ridieiM finalion the
miucn that theioW-« (| u , printing, to
part of those who o' a ( | u . IluUu i„us
suppress the repnV e | [lR)n y weil; j a
■ tact, that the whole ) r gnn ! and com-
P° «e«Mon of .>■ t tho infa
i "lenled in si run Jt< j..,, rin , m!l | lshin , r
; mons conduct ot fie I p, ;; oll<l , 1V1 , r ,,
1 tho report of IhoJn », , !lK ., it i on u s liri|U ,
; vet engaged m dec)
i 11! S* with aiinoun
i . Mr ROBEK'i*,,, re , om „ ;iU
j cing Iris deter:nw; nst| . uc ,,j on;j t(J K[r ;i ie
I mi,, ‘ 1,1 lhe “'flKntion, and report the
i out tho argument
i fac h followed with some
the sames.de,
! very f.-rerhlc o« r> x . iy ,„ r oli t!ul snniff
lit' u»»s 11 ' in favour of tho motion
! side; and by »«* lUe proceedings of tho !
to print and iff
; Coin,Mh.ee I, somc rcmnr : ;! . wh ie,h he
j. , ,jfn Mr. Stanley of North!
intended to/his having volunteered in
j ( f? r ‘ >l !" i J. al f .dishing u dagger of huh
| thlf ! a[Ulr rl .V voice, At. Ac.
ito his >uisil|| t , | | „ ut ( n)m jvjf r . Stanley a
J ho.se a| Ml j to u hid, Mr. Toucpv must '
sharp and k 0 gn . tlt COIllI ,i 0cl;lll7 and!
1,,1ve ! , ' ,t /■ id dollied,
j conrcii U\l\ wlu-ther the venort had not
i whs seen by Mr Poller, a
j •>«“» ollfijoriiy.
| ihi.t some verbal alterations
"IV f' Ut th ° y di(l “Change those,,,.,
m th,, (hat. the report nflecled his
• ty; and tio (lomanded that in such
rep,,j».t slioulil lie made in eveiy letter
n r-,«i,. majority on their responsibility.
nni iSered without authority, as, without
j if fjp,s been published in the official pa-
the House whether it ought to
: Jjjfe was continued by Mr. Wm Cost
I'jßpld., and jMr Menifee of Ky., in op
jW'tho motion to print, and in reprohaiion
f” ,‘edings of the O’nimnitlpe—without
|Kr Air Menefee gave way for a motion
K air moucicu gave way lor a motion
J ,*• ! .
Hi-naUi did not sit tivday. M.
W 1 N. V. Courier ij- Enquire rif the 20th i
1 Canadas. —During the existing sus-
Ir. ■ t i!ie Constitution of Lower Canada,
c:al Council has been nominated by tiro
listraior of the govennnent, Sir. John
mie, which is now in session at Quebec,
nembers have been nauiod on the spur
i occasion, for the purpose of continuing
acts which would expire on the Ist
and to consider pucli f ilter legislative
ires as it is indispensable should be ini'.
'Bfedhitely cdopled. The Conned litis no ini-
B'itory power, but llicir consent is n'eccssßry
Bo give force of law to such ordinances as the
I Wh 1 1 ! 11111 -1? I*;. I.•. i« iti <• uci 1 1* 1111 f (i > tl'rn f rkrinoi/leiffi .
jj, 'iiuiniamilor maysupmit to their consideru
■ tmn. Their duties will cease cmihearriva
Bof Iho Governor (tenoral, Toni Durham
■ No further executions luv ■; place fu
i| treason in Upper Canada since those o
I Lount and Matthews. It appears prolmblt
that the rertiaiijing persons convicted of ttia
crime will be cither sentenced to transporta
■ tion or pardoned. A man of the name 01
Diiwscnhas been arrested at Lewiston, ff
this state on a warrant issued by a Justice fit
Peace, and thrown into jail at Lnckport, on a
charge of being concerned in the destruction
of the steamboat Caroline. This conduct is
- •11 I : .. , . mi . / i ... i....
'I very silly and improper. Ihe Canadian guv
( ornmcut havin'' assumed all the responsibility
lof llie act, it jo from them rcdicss ought to be
I sought, not from the individuals employed bv/
LL|i«Mii in its commission. f
mhe Kingston, U. C. Chronicle has the fol
, lowing:
“Mr. Vail, wd'jknm/n among (lip Corps di
plomatic, arrived in town this morning from
'i Montreal.
We understand that .Mr. Vail is on a mis
| sion from t!ie cabinet at Washington, to visit
I the American prisoners confined in these pro-
I vincesfor political offences. lie visited the
I prisoners taken at Hickory Island and con
* lined in Fort Henry, this forenoon!”
A very likely story indeed ! that the Amnr -
' ican Government should have cm any
, person on such a mission.
[From llu . i ork Courier $ ' Ipi ■ •if.]
Money JJar.'.i i.
The business transacted at the dtock Exchange '
yesterday, though moderate, was generally at an !
improvement, on the prices of the day previous, 1
and closed firm. United Stales Hank 115; Do- 1
aware and Hudson (’anal Co. 7tH; New Jersey I
1 Railroad Co. i)5; Utica Railroad Co. ltd]; Slo |
I nington Railroad Co. !J7A; and Harlem Railroad
i i Co. at 57 | v Sales of $lO,OOO in Treasury Notes
at f a J per cent, discount.
Wo understand that several of our city banks,
are about declaring dividends, the suspension of ■
specie payments, having prevented their doing ,
! so, for the last twelve month?. Tito City Rank
has divided 8 per cent, payable cm the Ist of May.
The amount of specie received by the Cln te.
, i Carroll, arrived on Wednesday tveiiiu.; from I'.a.
i vre, exceeded ,0()0
’ A loan of fUd-v-.i ha •• hem- r.dvarli'iid ior on
account of the Chenango 1 .'anal; the. I -'ompiroller
I will receive proposals until the 10th of May.
The packet .ip Virginia, fir Liverpool, is
1 still detained, hut will sail this morning, if the
| weather permits.
, From the N. V - Corn. Ado. April !J5.
! I TnKAsciiY Notis. —Tim sales this morning'
j were $3OOO at 99 J, and $7OOO at 991.
There was not a great deal done, at the
Heard this morning, yet every description was
firm ; and in some casts there was an advance
on yesterday’s prices. Dataware and Hudson
left off ycstei day at 71 —opened this morning
-|at 71 i and closed at 721. New Jersey Rail
o j Road dosed yesterday at 94], and to-day at
:: ! 9.5. Utica advanced a\ on the dosing prices
Nos yesterday. Stonington closed yesterday at
C , fH J, aiut to-day at 37 U
16 I Ahulcs of stocks at Philadelphia, April 25, 1
W j United States Bank 11 7\.
I T.M.I. April 81. WOT.
’ 0 arc heard of no further depredations
; a ! < '"' nT " ,tK - in nor frontier during the past week*
a; We Iciirnv ,p wet|l| p., arc numerous' ,
tsl signs ot UuK anil , ~.,r t 0 1,,, ir,.
he CM.asms 1,1 nt\ r,„ ,
u \
erable Irc >, tmmV j( j ....
alt hot I 0 lrn psr\u n
*y- men, and the IndtanSU , ~rnl . r
ing hit i man >'V , .oiled cr , e i„y
pie ; deemed il prude,n to rct\ Jrr r ,,. :
» e Next raormn e te:3V. in . ,
pta a company of- met \
ch- of giving b.R < j-.- Hid con
-1 centra ted* \
] Since writing the aliovo we received a l«llor
| Irom 1’ P t’haires, Esq. enclosing an account of
| an Indian attack on the house of Mr. Dyer, rest
, ding on the road from Magnolia to Monlicollo. :
11," attM'k 'v-is made a little after dark on Wed
nesday evening, by a considerable parly ofliuli
ans.
A negro'sitting in the door was fired upon, one
| ball cutting the ha'r off his head, and another
shaving bis eye brows:—eight balls struck the
b l !> ol the bouse on either side of the door. The
door was shut and the lire put out, and Mr. :)uor
;.ic h.s ne trues defended the house till about
midnight, filing at (he Hash of the Indians' gun.
Their ammunition being expended, they reined
"Th the family to the hammock, and after seeu
ring the females in a safe position, returned with
i the feat load in their guns, but the Indiana did
j not again venture to approach the house. There
being no force in the neighborhood, (ho Indians
were not pursued. Mr. .I. 11. Uy id, from whom
the account is communicated, remarks, "if (hey ,
(the Indians) aro kind enough to pay us a vi-it
to-night, wo will give a good account of them. 1
Mr. Dyer’s house is distant about it miles Irom :
■ Magnolia, and 7 from T. Choiree,”— Floridi.
j an.
The IN. V. Herald, of the 27 ult. says. — The
countenance given the batiks by the Government
in taking city bills, the continued arrivals ol
specie, and other facts daily developed, are grad
junlly giving strength to the confidence already
generated in the mercantile community, and this !
will undoubtedly give peioisoenev to the favor- j
able turn things have taken. Exchange on
I oiladtlpbiu was little belter, and eastern money
improved . lightly. The statement in Hie Eondon
Hanker* C. uvular, which wo gave '-esterdny,
respecliug the bang ot England’s declining any
Inither shipment of specie to this country, is
dented by Messrs. Trime, Ward <fc King. It
is elated that previous to the departure of Mr. .!•
G. King for this country, the contract for the
first sum mentioned, viv., 1,000,000/. was made
and securities exchanged; therefore, without doubt
the whole sum will lie forthcoming.
Comparative view of (ho United Stales Bank
in May, 1837, immediately preceding the sus
pension of specie payments, and in April, 1838,
after specie payments had been suspended be.-,
tween ten and eleven months,
s MoV L 1537. April 3, l§Jp3.
Loans and dis, $69,553,052 ,-1.0,0711,HO'!
Foreign bills of exchange, 1,381884
.Stuck account, , 17,201 (187
Bui due fm agencies, 6,214,660 10.014,168
Real estate, 1,226,125 1,505,938
Mortgages, 147,751 1 1)5’307
Totalof investments
supposed to yield
income, 71,141,494 73,8/1,71’.
.Specie, 1,490 968 3,903,213
l\otes of other banks, 2,689,470 1.495,262
Duo fm Slate bit’s. 1,420,80 S 2,289,569
Due from European
bankers, 060,7 iG ■
, Total of immediate
means 0,600,831 8,354,800
j ISbtt circulation, 7,193,021 6,403,422
, UeposjlM, 2,246,933 3.830,573
Dividend-unclaimed, 75,036 195,650
Hue to State banks, L 1,753,003 6,858^849
Dub to European
bankers, 36-3,408
Total of immediate
liabilities, 13,330,401 17,190,503
Post notes, 4,440 309 2.468 059
/Loan in Europe, 0,314,583 4,918,381
Bonds in Europe, 4 318,149 6,000,411
Due to United States,‘6.B /5,200 0,132,500
Total of other lia
bilities 22,454,831 20,415,0il
Lioiiti.no.—During tlie conlinnonco of a
very severe thunder storm, which commenc
ed between (i and 7 o clock on Saturday
evening, the building occupied by Air. L. L.
Levy, a-,- a clothing store, on East liny, one
door south of Market st. was struck by Light
ning. The fluid entered the window, in tho I
second story, and rear of the building driving !
it in, and shattering the frame, passed '
through tho room, and out of n side door,
leading to the piazza, which door was also
considerably shattered. There were Bfi per
sons in room ot the time, who were
ofiee.ted by the shock, but most extraordinary
to relate, none of them received ujefy material
injury.— Charleston iihvrinr.
Au Act to HUthorize the business of ISank«
ing.
Passkd, Artur. 18, 18,38.
The people of the Slate o/W'rai York,repre
sented in Senate and Assembly, do enact an fol
lows :
§ 1. The comptroller is hereby authorized
an<l required to cause to be engraved and
printed in line best manner, to guard against
| counterfeiting, such rpiatuil-.- of circulating
j notes, in the similitude of bank notes in blank,
I of litc did ere nl denomination:, authorized to
be issued by the incorporated banks of (ins
state, as he may from time to time deem ne
cessary to carry into effect the provisions of
this act, and of such form as he may prescribe.
Such blank circulating- notes shall be coun
tersigned, numbered and registered in proper j
books to be provided and kept for that pur
pose in the office of said comptroller, under
liis direction, by such person or persons in; the
said comptroller shall appoint for that pur
pose, so that each denomination of such cir
culating notes shall all be of the same simili -
tude and bear the uniform signature of such
register, or one of such registeis.
2. Whenever any person or association ol
persons formed for the purpo.of banking
j under the provisions of this act, shall legally
transfer to the comptroller any portion of the
j public debt now created or hereafter to he
created by the United States or by this State,
or such oilier States of the Eni.i 1 States as
shall be approved by the comptroller, such
, person or association of persons "hall be cull
| tied, to receive from the comptroller an equal
amount of such circulating botes, of different
: denomination , registered and countersigned
as aforesaid; but such public debt shill in all
cases be, or be undo to be, equal to a stock
|Of this Stale p; f hieing five per cent per
l annum; and it shall noth; lawfulfor the cornp
! (roller to take any stock at a rate above its
par value.
3. Such person or association of person:;
in tho d, after having execute
. and signe 1 such circulating notes in t'.i? in uv .
i net- required by la w, o make them oblqjitdry 1
• promisor-, notes payable on demand, at the
place -TTisine- > within ‘bis SkT--, of such |
I
v****»««n*. »... ... -firinr i . . t *jr . iTn jjni'
person or associMum, to loot ami circulate
'he s.mc « it coi-cling to tin- ordinary
emirs,- d jt.'i’.in-., r business as regulated bv
tlie laws .ma usages of this suite.
% -1. In case thomaker or makers of any
such circulating notes, countersigned and re
gistered as ■iforcsaiil, shall at any time liereaC
ter, on lawful ilemand during the usual hours
of business, between the hours of ton and
three- o’clock, til lit;- place whore such note if
payable, tail or refuse to redeem such note in
j the lawful money of the l ulled States, the
! holder ot -uch nolo making such demand- tr.av
cause the same, to he protested for non-pav,
ment by a notary public, under his seal of
ollioein tin- usual manner; and the eomptrol
ler on receiving- ami filing in his ollico such
protest, shall forthwith give notice in writing
i to the maker or makers of such note, to pin
the same; and if he or they shall omit to do
so for ten days after such nt lice, the- comp
troller shall immediately thereupon, fuules;-.
he shall he satisfied that there is a good and
legal defence against the payment of such
note or notes,) give- notice in the State paper
that all the circulating notes usm-d by sucl
person or association will be redeemed outpfi
the trust funds in his hands for that purpose;
and it shall he -.vfnl for the comptroller to
apply the said tt’uAt funds belonging to the
maker e-r mal.- era of such protested notes to
the payment and redemption of such notes,
with coals t*<l protest, eel to adopt such meas
ure., lor the payment of all such circmding
notes put in ci-culalitm hy the mule r 01 ma
ker- 1. 1 -u .■ - -"-ted notes, pursuant to the
pi-ovi.-mn *' i a .u l, as will, in his opinion,
most eli’ec -a . prevent loss to the holders
thereof.
{•*- 1 comptroller may give to any per
son or aesisvitiou of persons so Iraiisferring
stock in rn ,- itaiirc o( the provisions of tins
act, pov, is ot attorney to receive interest or
(hvithdemis thuiooii, which, Bitch person of
iiFß.anatioii mat p-ccivo anil tipp’v to their
own use; hu; sttrli powers tu-iy he revokcal
upon such person or nose ■nation failing to
redeem i.e eiretil-.ling notes so is.sttctl, or
whenever, in the opinion of the comptroller,
the principal ot such stock ftitall heeomo tin
insufficient foenrily; and the fluid comptroller,
upon tho upplicalion of the owners of sttcli
transferred mock in trust, may, in his discre
tion, change or transfer the prime for other
stocks ot tiic kind before specified in this act
or may re-transfer the said stocks, or any put
thereof, nr (lie mortgages, or any of them
heroinafier m illumed and provided for, upon
rtsceiv tig and camelling an equal amount ol
such circulating notes delivered by him to
such person or association in such manner
that the circulating tiles shall always he pc.
I cured in lull either liy stocks or hy sleeks
and mortgages, tut in this net provided.
’ (i. Tho bids or notes so to hn countersign
ed, and the payment of which shall be so
secured by the transfer of pit-life Blocks, shall
bo stamped' on their face “‘Secured by the
pledge of public sleeks.”
\7. Instead of transferring public stocks as
aforesaid to secure the whole amount ol such
bills pr notes, it shall be lawful for such per,
eon or association of persons, in case they
shall bo elect before receiving any of the said
bills or notes, to secure the payment of one
half of the whole amount so to bo issued, hy
transferring to the comptrollers bonds and
mortgages upon real estate, bearing at least
six' per cent, interest of this stall-, payable
arlriu-tlfvr or semituinually; in which cane all
such hills or iiul“s'lssuc(l by I lie said person or
association of persons, shall be stamped on
their face “Secured by pledged'public stocks
and real cvt-ilc.”
i} 8. Such mortgager; shall be only upon im
proved, productive, unincumbered lands wi'.it
m tins s'ale i worth independently of any
buildings the eon, nt lea t double the urn ; ml
for wJiic!.' they shall be s- mortgaged; cad
the comptroller shu!) proscribe such rognlu
tionsTor ascertaining Hie til- I, 'and the value ol
sneit lands as ho may deem lidcessary; and
flitch mortgages flliull bo buyable within sucl.
time as tho comptroller may direct.
{ U. Tbo comptroller m ty, in his disoro’ion,
reassign the stud bonds ami mortgages, or any
of ihem t.i the person or nssociittion who
transferred the same, on receiving oilier ap
proved bonds and mortgages of equal amount;
anil when any sum of tho principle of the
bonds and mortgages transferred loth ; comp
trailer shall be,paid to him, bo shall notify
the person or ar-socin.ion that transferred the
bonds and mortgage:; of such payment, an
may pay the same to such person or ascocias
tiou on receiving other approved bonds and
mortgages of equal amount.
510 The person or association of persona
assigning sttcli bonds and mortgage.; to the
comptroi cr, tiny receive tho annual intero.-t
to accrue thereon, iiifc default shall be
made in paying the bills or notes to ho cot-n -
tersignod as ttlbredd, or unl-.-s m the opinion
of the comptroller the hondrt and inorlgagv.s
or slocks so pledged -bail become an instilli
eiont security lor tbo payment of such bilk: nr
notes.
'll. 1: en ■ sueli p.-r.t-m or arcociatinii o''J
poisons shall fail or refuse to pay utich hill;: |
of iloten on demand in the in m.i -r sp-cifl-.-d !
in I! e fourth ruction of this act, mid the
comptroller, after the ten day’s notice therein
mentioned, may proceed In sell or, public
uu; 1i- u Ihe public stocks po pledged ortho
bonds and inortgaireo so assigned, or ai:y or
n 1- n if
cillicrol them, and out of the proceeds ot
nidi u-l't -'hall nay and cancel tho said bills or
notes, default m paying which shall Is. re 1 cun j
made tin aforesaid; but nothing it. thin act 1
contained shall bo ctnsidered implying I
any pledge on the part of Ibt; slate tor the
payment o/said billw or notes beyond the pro
per appl cation of th(! h: ciiritu .■ pledged to
the coruotndicr fur their redemption.
1 i Tiic public debt nod bonds am; luor-
Igag: to be di-p .(iti’il with tbo comptroller
by any stwh person or as s.-riatioo, .-diall be.
held by li.m exclusively lor the the rc.lerptioif
of the bids or natts of.-!.cli.t.-i-'-oii or asso
ciation put in circulation a. money, until]
lac- kline me paid.
' 111. The plates,die • arid inat-- ri..! s to be pro
cured hytl.e i .Hiip'iick ■, I.r tin: piioUng and
making <d tie eirc'iliUm; o-uprovided fir
hrreliv, shall remain in bin cc -Uidy and undo;
his dirctui »i:; and lie- or i-.—arily incur
red in parenting the prm- ...ns ol this act, shall
be audited 111 '1 rattled 1.-/ tbo comptroller, and
paid rail <>; any moneys in the tieasury not ether, l
wise a ipri.priatcd; and fur the purpose of tcini-|
burster; if- * ime, the‘aid comptroller is hereby j
authorized and required to chargo against and re-1
ceivi; Worn »ucti person or ass .-ditii-ri applying i
or such circulating noli--, ,ncb rat> per com !
berer.ll a- 1 may l«> sufficient f.f .hat pttrpote,
! and at rr.-y be just and reasonable.
yt I . ..all not, be law ful for the comptroi-1
1 ler, or 11 utSccr, to countersign bills or note-j
i f,r ,:j '. • in ‘>r ns- Hatton of y —>ru. to an j
M*D|naMl I»' MU auu** ». . !>•
amount in llio upgrcj'ii-tt) exceeding 1 1\.* public
debt, or public debt nr bonds suid mortgages at
ibeir value, as provided iu the second section ol
Ibis act. deposited with tbe e.ompi,oiler by such
person or association; and any comptioiler or
other oHicer who shall violate the provisions id
| tins section ahull, upon conviction, be adjudged
i guilty ol' a misdemeanor, and shall be punished
Iby n tine not less titan five thousand dollars, or
| be imprisoned not less than live years, or by both
such lino and inipiUoumcut.
I ' I). Any number ol persons may associate
; to establish offices of di-eonnt, deposite and cir-;
i eolation, upon tin.' terms and conditions, and j
subject, to the liabilities prescribed in this act I
bIU tho aggregate amount of the capital stock, of J
any such association shall not bo less than one j
hundred thousand dollars.
§ lt‘, Such persons, under their hands and
seals, shall make a certificate which shall spe- j
■ .;if‘y i
t. The name assumed to distinguish such as
soi iation, ami to he used in its dealings
2. The place where the operation* of discount (
aud deposite ol such association arc to he carried 1
on, designating the particular city, town or vis. j
I luge:
I). Tint amount of the enplt '.l stock of such |
| association, and the mnuhur of shares into which
! ih* tame shall ho divided :
1 j I, Jha names and places of residence of the
j shareholders, and the number of shares hut.l by j
■ each ol them respectively :
j 5. The pciiod at which such association shall J
■ eonmiema and Icrmimil.c; which cerlilican -hdl 1
1 ■ he provider acknowledged and nconlid. in the
1 | office of the i leik of the county u here any offico
1 o'’ such a aoeifllion shall ho eslahbshr d, and a
copy thereol fi. l in the office of tho t/ceielary
■ ofHiate.
n 17'. The eeit'licatn required hy the Inst pie |
; ceding teclion In he recorded aud tiled in the j
' offices ol the clerk of tins conn' v and acre tar v
' of citato as aforesaid, or copies then.of. duly cer
tified by either ol those officers, mnv he used as I
1 evidence in all courts and place, toe an I again.: I
i any such association.
r ' 18. Much assneialio.i rhall hint! power to j
, carry on the hi'- iu 1 : ol hanking, liv di counting
i lulls, notes and other evidences ot debt; by rc • 1
( cuiving depot lies; hy buying mid tcll in ; gold and
, silver bullion, foreign coins and lulls of exchange,
in the mania r specified in their articles ofnsso
f einlion for the ptnpoi.es i<ntiioriv,<{i by Ibis act; |
I by loaning money ori real n;.d per mal saictirilv; I
I and by exercising such incidental powers ns shall
be necessary la carry on such business; to elmoso
cue of their number as president r. f such assneia
lion, ami to appoint a cashier, and Utah other of
ficers and agents as their business may require,
1 and to remove such president., cashier officers
and agents at pleasure, and appoint others in
■ their place.
1 § 11). Hie shares of said association shall he
deemed pers mal properly, and i/mll bo transfer* I
■ able on the books of tho nsmiji iation in such
] i manner us may bo agreed on in th • articles of
i association; and every person becoming u share
holder hy such transfer,shall; in proportion to
his shares, succeed to all the rights and liabilities
s of pilot 1 slmiuholders : sml no] change shall ho
It i made iu the articles ol associa lnn hy which the'
. i rights, remedies or security ol'its existing eredj
y | tors shall he weakened or impered. Hitch usso
1 j elation shall not be dissolved by the death or.
- | insanity of any of the shareholders thciAifi.
y'j § St). It shall bo la wful for nr.V assoi ration of
| i persons organized under this nel i-y their articles
I ol association, to provide fir an Increase of their
, capital and of (lie number of the u-uiu i iatos, from
I time to time as they may think proper*.
!j 21. (J untrue Is made by any ,sneli associa
tion, and nil notes and bills hy them issued
and put in circulation us money, shall be sign-
Iml by tini president or vice president and
I casliiertlioreol; and all suits, action. 0 ; and pro
ceedings brought or prosecuted by dr on be-'
half of slidi association, may bd brought or
prosecuted in 11 ie name oft bo president tbe res
ol; and no such suit, tuTioii or proceeding 1
shall ahalo by reason of the death, resignation
or removal from office oftuch president, hut
may be continued and prose ■ tiled according
to such rules no the- courts of law and equity
may di.'fct, in the tisn.c of Ins successor in
office, who shall exorcise the yeweri, enjoy
the rights, amt discharge lira duties ol his
predecessor.
\ 2V!. All persons having demands against
any such association, may maintain actions
against the president thereof; which suits nt
actions shall not abate by reason of the deall ,„
resignation or removal IV mi office of such
president, but m .y be conllnnod and prosecu
ted lo judgement, against his successor; ai d
all judgements and decrees obtained or rend
ered against such president for any debt or
liability ofsucli tmsoeiiilion, shall be enforced
only against the joint properly of ihenssnci
nt on, and which property shall bo liable to
be taken and sold by execution under any
Bitch judgement or decree.
) 23. No shareholder of any such usßocia
lion shall be liable in bis individual capacity
(or any contract debt or engagement of biicli
j assneia l ion, unless (lie articles of association
l:y Jii di signed shtt.l have declared that the
shareholder shall be so liable.
I ',’ll. it .- hall he lawful for such nssor iutvon
| to miro'e e, bo'il and convey real estate for)
Lite following pnrpoeos;
!. .Such tin h• i' 1 be neco; -ary for its irntnc
j diato accommodation in tho convenient Iran,!.
I action of its bit: ines.-; , < r
j 2. Such as shall he mortgaged to it, in good
i (nil 1 1, byway of. u u-rity (or loans mad; hy, or
| mon.tv • (lII.’, I i such iis.ociation ;or
Much as shall be conveyed to it in satin
| taction of debts previously contracted in the
(toprne ofiln dealings; or j
4, Much as it diall pnrehore at cnles under
i'tdgoinenlF, decrees or mortgage:] held by
such association.
The -aid af.vn.'ialioii shall not purchase,:
bold ot convey re.il estate in any other [
ent-o or for any oilier purpose ; and nil eon- 1
vnyancr.s of rush mil relate sbail be mule
I i the president, or .-.tioh other officer,
a< shill he indiealed lor that purpose j
in the articles of association ; and which pres- |
ideni orofi'fer, and Ira sticcessore, from time I
lo time may sell, a, dgn mid convey the; same j
free from a. ; claim there.,!!, against any of
the shareholders, or any person claiming u ll -• ■
dor them.
: "do. Upon (he application of creditors or j
t-hareholdein of any sueli association, whoso |
- l.t i m si,.; if s pii d 1 a moii o' tonne 11 ion-a ml :
.. i ~rs. and Hinting fat; tended |,y iiffi.fi vil,
I Ibo chancellor tuny, in his discretion, order a ;
: stnet e.xaiinimtion lo he made by one ot the I
| masters of Ins court, of all the afftirs of such i
' a c cmt.oii, fur the purpose i.f iisci-rtmning
1 i,lie safety of its,' investments and tho pro*
delicti of its management; and Ino rceutof;
i every bitch examination, together wi.li tl»e j
1 opinion of the tin: ter and of the c’-ancelfnr,
| thereon, shall be published in bucb manner at',
j the chancellor : h : direct, win shall make 1
such order m respect to the expenses ofmicjt
examination and publication aa ho may deem
proper. . t
j ■' ii asßocintio.) aimll, on the first
Monday:! ot limitary mid July in every year
"Iter having commenced iho business of'bnn*
king as prescribed by net, make* out. ami
; t r:in.-init lotho comptroller, m tho form to bo
• provided by him, a lull statement of the alFaim
1 of tho a ".Hi mi i nil on, verili d by the oailisofthe
president nr cashier, which statement shall
contain, ■ , i
1. The i niotmt of t(io capital stock paid in
according to the provisions of this act or se
cured to tie paid-
The value of tho real estate of tho as
sociation; specifying what portion i« occupied
by the nsHocialion as necessary to tlio trans-
I action of its business:
;>. Tim shares of clock hold by such asso
| elation whether absolutely or an collateral sec
i ctirity; specifyingeach kind and description
I of stock, and the number and value of tbe
shares of each, ' '
■L Tim ninmnit of dob's duo to the associa
tion ; sp icilyine such as are due from money
ed or other corporations or associations; and
also specifying the amount secured hy bond
and mortgage or Judgment; and the amount
, which might to he included in the compulation
of loeses:
1 5. Th amount of dents duo by such asso
i eiatioii; specry mg such as are payable on do-
I mam I. ml;, , 1 Ii a.i ik-j tluo ui maavyctl or otli
| or curporutioiiH or a iscnuitions.
(i. The amount ol clnifn i against, tlm asso
ci itiori not acknowledged by u u- debts;
7. The amount of notes, hills or otlmi'cvi
i dciico.i of debt is tied by such association:
H. Tim a'ooyiiitol the losses of the asso
ci.ii ;on; spi eil\ im; wlietlmr oil urged on its ca
pital or profits, since its last preceding state
ment, ami id n.s dividends declared and made
! during the same period;
i). '< no nvoragi amount in each month du
; i iic; the preceding six inonlhs of the debts
1 i" to and from the association; the average
"mount i specie posscssf’il hy the same dm
f• 11 ;■; emi'i month, iind the amount of bills and
noios iso.i dby such asso'iiatiotr mid put in
eircnkition as money, and outstanding against
| tho association, on tho iirsldny of each ol the
! preceding six inonlhs:
10. '•’he average ainoimt in each month du
ring the preceding six months duo to tho ns
sncml ion, from all the shareholder*} in the as
soemtion, also the greatest amount due to tho
association in c ich of the said precedhn r six
month x (runi nil the shareholders in such as
sociation:
Hi Tbe amount which thecnpil.nl of the
I said association has been increased during
I I.Ik: preceding six months, if Ihcrra ilntll liavn
been any incrcasi; ot the said capital; ami tho
names of any persons who may Imve become
parlies to the Mini articles ot iiKsocinli-oip or
may have Withdrawn thcit'lVoin since their Inst
report.
It shall lie tho duly of tho comptroller 'to
■ ' cause the statement required to he made by
| this section, to be published in a newspaper
• printed m '.he comity where the place ofbus
s ness ot siieh absocialioii is situated, and in
the stale paper; the expense of which shall
■ no paid by such association,
{ -7. it such association shall ne<df>ct to
make out and tnin-mit the statement required
in the last preceding section, tor one month
beyond the period when the same is required
to he undo, or shall violate any of the provi
sions ol this act, such association may be pro
ceeded against and dissolved by tho court „f
chancery, in the same manner us any money
ed corporation may be proceeded against and
dissolved. i
i% H - >f "">* portion of the original capital
of tiny such association shall he withdrawn
for any purpose whatever whilst any debts of
the association renum unsatisfied, no divi
dend-; or profits on the sh ires of iho capital
mock of the association shall thereafter be
made, mini thf! deficit of capital shall have
been made good, either by subscription ol'llio
-Inneliohleis, or out. ot tbe subsequently ac
cruing profits of the association; and if it
shall appear that any such dividends have been
made, u shall he the duly of the chancellor
in make 1 lie necessary orders and decrees for
Ho ol g the all,nrs of the association, and dis
tnlmtmg its property and effects among its
creditors and shareholder!}.
5 « s ""h iiMuociatmn shall ho liable to pay
Ihe holder of every bill or note put in cirem
huion ns money, the payment, of w hich shall
have been demanded and refused, damages
Hr llo,l payment, thereof, in lien id’ internal,
it and after iim rate of fourteen per cent; per
mimtni, from the time of fucli refusal unfrl
the payment oi elicit evidence of debt, and
the (limiigcs thcieon.
. .'ll). Tho pic .idofti r.nd c.ishlor of every ns
sor.iaiinn furmod pursuant to the provisions of
this in I, shall at. all times keep a true and correct
h it of ill" n unci ol die tdeoe.liohlers ot sucll as
sociafien, and shall life h m; v of such I ut in iho
the cilice i t die cleik ol the county where imy
olliee ol Mieh u loei.itiou may lie, located, noil
"Iso in the office of the ciureUruiler, on the first
■Mondays of January and July in every year.
.■ - It shat) not be lawful for any association
formed the proviaioiw of il.i. «, t, t„ malm
my el 1* :s or note; ol a deioouinalioii less
limn one liiiiuMind doll,os, in he pul in lirct)!a
lion us money, payable at a;i\ o’fier plaee (linn
at the office win ",i (bo frusiiivis of thu associa
tion ix eariied on iind cmuluctcd.
. .c. J he |e;;i.,future may r.( any limp alter or
repeal this act.
. ofi. .■■ i i.-e-cic.l'oii of per-ons authorised hi
carry on tho tea ne, i.ot bunking infer this act,
sim 1 at any lime lor dm space of twenty Jays,
have on hand ai tfirir jdaeo ul business, toss Ihtut
twelve onl a half per cent, in specie on tho amount
of the Intis or note-) hi circulation a.-; money.
. >t,it' o. .tew \o;;; / 'I Ids l>?iI having bean
• , erelary s uti., 1 . S approved and signed by
die (io>eruor of llii. Stale on tho 18th day of
; April, ls:«, I do hereby certify that iho oaino
became a law on that day.
JOKIN' A. DLV,.Secretary of Slate.
j, A NO', f( j;, -Thi siibseiibor fiii^ssillis]
-i Jin ( oluirdi'ni, i uriil will giv r Ids prontprat .
■ million to any bu:,iie ; inlriisled to lihii.
I in 111 .Mr. Hepburn's lirn-fl lenenietll, iippoMle Iho
1 U jlelhorpn l/ou.-i' I A NISHET.
t,'oluiiitms, .March 27. vcf:n
>.■ l.i. person:- hn'ing clninioids against iho eslato
| -A. of Mary While, ded'd, lain of iturko county,
v.'ii; pre-ci the a. w, duty attested, within ihutime
; prcscnl.cilbv KLUS BELL,
i I aa 1 adrn'r tor Mary W hite,
roar “ T.i
'' * iCih—Al l persons having demands against
- ' thseetaiool i'hi/.ubeilt Uryan, lata of Burk cu.
decease.!, vv ill romler them in aecurdiiig to law,and
iho. e iudebtod will nviko pnvnionl without delav
! nerd '•> dw lA.iirh' OK fits. EVr.’
1