The Tiffin Tribune, 1856-05-09

'for t colaction or security of! , . . . . .,.mlired. such in 1 slock so purchasod shall in no rase be held by tho bank so purchasing for a longer period of time than six m, .itln, if the aamo ran be tld for w bat the stock cost, or at par, Section 13. Id all elections of direc directors, - tors, directors, and in deciding all questions at meetiugi of the stockholders, each share shall entitle the owner thereof to one vote, stockholders may voto by proxies duly authorized in writing, bt.t no ollicer, vlei k, teller, or bc-ok keener of the bank shall act as proxy, and no stockholder whose liability to the bank is pastdttt and xn- pan! alihll be allowed to rote. Section 14. The affairs of every bank organizel to carry on the business of i , . . . I . .1 f a . I . uanKinir nicr un provisions 01 hum an, . - , . . . T im in. iifiLr i iiv nui iuabi iiinii n v t nor more t an n"e dir.' tors. Lvcry di- ri.-. - . r-ctor shall, during his whole term of ser- vice, Ho a citi.en ol the ijiioii mates ami "f t S'te- At least three- f""-'hs of tho di.oclors shall have resided . ....... . . . ... a ,n ,,,w iM" one year next previous toi ...... , i tuui r uiULLKMi nn iuijhm'1 vwjii tin vuiir : Khali own in hi own namo a if I right t least 0110 per ceut of tho capital stock of l1h?.Ullk J!l? ' ,wo hundred thousand M: ";,'r" f U"kZht llectively, shall own at least one-tenth of . 7 its capital stock. Each director shall take an oath that ho will so far as the duty devolves on him, diligently and hon honestly - estly honestly administer the affairs of tho bank, ami not knowingly violate or willingly permit to be violated any of the provis provisions - ions provisions of this act; that he is the bona li Ic owner, in his own light, of the stock standing in his n line on the bonks of the bank, and that the same is not hypothe hypothecated, - cated, hypothecated, or in any way pledged as security, for any loan obtained or debtowing; which oath, subscribed by himself and certified by the officer bel'oro whom it is taken, shall be filed an I carefully preser ved in tho office of tho recorder of tho county iu which the bank is locatod: but no person shall bo prosulcnt ol more than oue bank orgauized under this act. at the same time. Section 13. The diroctors of any bank first elected shall hold their places until the first Monday in January next there thereafter, - after, thereafter, and until their successors shall be elected and unaliliuJ; all subsequent elec election; - tion; election; shall bo hoi d annually on the first Monday of January, and the directors so elected shall hold their places for one year, and until their successors are qualified; bnt any director removing from the Slate, or ceasing to be the owner of the requis requisite - ite requisite amount of stock, shall thereby vacate his place. Any, vacancy in the board shall be filled by appointment by the re remaining - maining remaining diroctors; the director so appoint appointed, - ed, appointed, shall hold his place until the next an annual - nual annual election; and if from any cause an election of directors shall not bo ma le at the timo appointed, the bank shall not for that cause be dissolved, but an elec election - tion election may be held on any subsequent day, thirty days notice thereof having been giv en in a newspaper printed m tho county where the bank is located. Section 16. Every bank authorized to carry on the business of bunking uudor the provisions of this net, whether a a brauch of tho bank of Ohio, or as nn in independent - dependent independent bank, shall bo held and ad adjudged - judged adjudged to bo A body corporate, with suc succession - cession succession until the fiist day of May in the year one thousand eight hundred an 1 seventy-seven, and thereafter until its affairs shall be closou; nun uy us corporate name shall be competent to contract, proseonte and defend suits and actions of r . . . . a . 1 1 . . . . l every description as rmy s naiurai per persons, - sons, persons, and process against such bank may pe served upon its president or cashier, or by leaving a copy thereof at its usual place of busiuoss during the usual busi business - ness business hours; Each of said banks shall, until tho first day of May. in tho year ono thousand eight hundred and ho vent y seven, if so long it shall comply with tho provisions of this act, have power to loan money, buy, "oil and discount bills of exchange, notes, and all othor eviden evidences - ces evidences of debt, except such as it shall be pro prohibited - hibited prohibited by this act from buying, selling or discounting; receive deposits; buy au I soil gold and silver coin an I bullion, collect and pay ovnr money, and trans transact - act transact all othor bnsinoss properly apper appertaining - taining appertaining to banking, subject, however, to tho provisions and restrictions contained in thin a;t; may Acquire, hold an I con convey - vey convey such real estate as may be necessary to the convenient transaction cf its bus business, - iness, business, and no more, but may, however, acquire title to any real estate pie Iged to secure any debt previously contrasted or purchased on on execution or order of sale, to satisfy any judgment or doeree in its favor, or which shall have been oouveye I to it in payment of any previ previous - ous previous debt, but shall not hold any real es estate - tate estate so acquiied longer than is necessary to avoid loss of any part of the debt, interests and costs, for the collection or security of which it was acquired, but at any time beforo selling the sainn, upon being tendered by the last preceding. n. . ... , ... i r '" " " 1 uo T7 bank from loss of any p irt of the debt, interest, taxes, costs, and other necessary Unk AM rult,8He to , h ownori ni le. , nfw.Iltatiy8s orasaiirne.all kie right. title and interest therein . . . . . . " Section 17. Note of one dollar, two !u r' .three f' ?.V8 0 mr. "J u..ar., .,m one hundred dolUrs-each, and no note of -'V --- by any bai.k orgaaixvd under this act; of the notes inued by any sncli tiank, not more than ten per cent of the amount shall be in rotes of one dollar each; not more Jian five per cent in uotes of two loH el: bot "ora than ten percent ia boLas f three dallara .h; out mare;

than twenty per cent shall be in notes ef . ,1 i . . . i -. i . i . 1 1 . an uetiominations unuor itv uoiiarsjnui not more than fifty per cent in notes of all denominations under ten dollars, Section 1. No bank organized undes this act, shall at any time issue or have in circulation any ntro, draft, bill of ex exchange, - change, exchange, acceptance, certificate of deposit, or other evident: of dubt which, from its character or appearance shall bo calculated or intended to circulate as money, other than such notes of circulation ai are by this act described, and which such bsnk is exprossly authorized to issue fur the puiposeof being circulated as money. Section 10. Each independent bank 'hall receive at par. at tho otlice or bank- lai.i lvmaaia t I aiit..K hlAttlr Ilk rv at V tlk it Pi t 1 T v. ynj ...w v. .lA,ia A . l ...,.K liarilr FV.r nrvluy nrlianii - billi of exchnnjrrt, or othnr eviJunros of tMU slincountotl or t)nrchHal by or te 1 A a .....I. aV. I. IhA t..l.t J- T rti...a '""b" lu v'"" l.ti.m issued by any other inderend.ud- ent bank authorized f issue such notes i. i.; ... ,i,;i, .),.,! at il.. r. "j in.a .., -...v.. ...... ,M,m notes n Lfu, land s vereon: ami r - . - every branch bank of the bank of Ohio uhall receivt at par at the office or bank banking - ing banking house of such branch in payment of debts due at such bank for notes of hand, bills of exchange, or other evidenc. of debt, discounted or purchased by, or be belonging - longing belonging to, such branch bank, the notes of circulation issued by any othor branch of tho bank of Ohio. Section 20. Each brink shall at all times have on hand, iu gold and silver coin, or their equivalent, one half at least of which shall bo iu gold and silver coin, in its vault, an amount equal to at least thirty per cent nf th" amount Tf its outstan ling notes of circulation; anil whenever the a a-mount - mount a-mount of its outstanding notes of circu circulation - lation circulation shall exceed the above named pro proportion, - portion, proportion, no more of its notus shall be paid out, or otherwise put in circulation, by such bank, nor shall such bank in increase - crease increase its liabilities, by making any new loans or discounts, other than discount discounting - ing discounting or purchasing bills of exchange, pay payable - able payable at sight, nor make any dividend of its profits, until the required proportion between its outstanding notes of circu lation, ond gold an ! silver coin, or their equivalent on hand shall be restored. Actual deposits with any solvent bank or banker, of established credit, in the cities of Now York, lioston, Philadelphia or Baltimore, aubjoct to he tlrawn against at sight, payable in gold and silver coin, shall be deemed equivalent to gold and silver coin, wherever these terms are used in this act. Section 21 . No bank organized nndcr this act shall at any timu be indebted or in any way liablo to an amount exceeding, if a branch of tho bank of Ohio, two two-thirds, - thirds, two-thirds, or if an independent bank, tho whole amount of its capital stock undi undiminished - minished undiminished by losses or othorwise, except on the following accouuts that is to say. First On account of it notes of cir circulation; - culation; circulation; Socond On account of moneys de deposited - posited deposited with or collected by such bank; Third On account of bills of exchange or drafts drawn against money actually on deposit to the credit of, or due to such bunk; Fourth Liabilities to its stockholders on account of money paid in, on capital stock and dividends theicn. Se'ct:on 22. No bank shall, eihr di directly - rectly directly or indirectly, pledge, hypothecate or exchange any of us notes of circula circulation - tion circulation for the purpose of procuring money, to be paid iu on its capital stock, or to bo nsed in its ordinary banking opera operations, - tions, operations, or for the purpose of purchasing certificates of stato stojk to be deposited with the Treasurer of Stata, or with the bank of Ohio; nor shall any bank apply or permit to be applied, hypothecated or pledged, any portion of its capital stock to the purchase of certificates of state stock, to be deposited with the Treasurer of Stato, as collateral security for the re redemption - demption redemption of its notes of circulation. Section 21. No bank shall, during the time it shall continue its operations as a bunk, withdraw or permit to bo with withdrawn, - drawn, withdrawn, either in form of dividend, loan to stockhtdders, for a longer period of time than four months, or in any other ni minor, any portion of its capital slock; and if losses shall at any lima have been sustained by any bank, equal to or ex ex-ceeling - ceeling ex-ceeling its undivided profits then on Inn I, no dividends shall be in le, and no di eiilii,d shall ever bo made by any bank while it shall continue its banking ope operations - rations operations to an amount greater than its net profits thon on hand, deducting therefrom its losses and bad and suspended debts; and all dubts due to a bank, on which in interest - terest interest is past due and unpaid for a peri period - od period of six months, unions the same shail bo well secured, and ahull be in tho pro process - cess process of collection, shall be considered hal or suspended debts, within tho ucuuiug of this section. Section 2i. Tho directors of each bank shall, semiannually on the first Monday in May and November, declare a dividend of so much of tlie net profits of the bank as they shall judge expedient; and, on each dividend day, the lashier shall mike a full, clear and accurate statement of tho condition of the bank as it shall be on that day, after declaring the dividend, which shall be verified by tho oath of the cashier, president and a majority of the directors; and similar statements shall also be ma le on the first Monday iu each mouth, in each year, which statements shall contain, First The amount of the capital stcuk actually ptid in, and then remaining, as the capital stock of the baok; Second Tlio amount of the bills or notes of the tnuik theu in circulation, specifying the amount of tack dvnouiiaa- t-on

heroulti'rrcquireiltolieiiia.lo.atihjocthow ,ver' to the contingisnoies, reMricti..nn. comlitioUH, and li. wilitea prescribed in thin act. Section 2. To carry into effest the pro- vihiollH of this act, Win. W. fcarbitr fcarbitr-nirnt. - nirnt. fcarbitr-nirnt. t r.:.. r1 ...li: T. ft .....0 ong . of Cinci. all, Franklin r B.ickits. ol Clevclnit 1, Cll tuna'y N. OIiN, Of ir ir-of - of ir-of i leville, J. II. Finn, of Cloiimblis, and 1 Samuel Forrer, or I)yton Khali lie, and ithevarehurtiby appoinledcoininiNsioiiorN, Bwtion 1. It it rnacteJ by tht Oen- it Rhull U Uwlnl for natural in.livi.liial imrxons, not lower iu number in any cute illnin live, to axKOt-into ami form compa niuM for the ptirpoae of vanyiiig on iho biiNinesa of bmikiur. each at audi place in tina otate enaii na tieKianwoa iniwAr- ti(iH of asaooiatiou. an I in the certificate and they, or tnonty oUlir.m, altor to-1 king an Oittll lllllgOlltly, l.lltllllllly all I impart;,iy t0 pt3, n the duties aKlgn )d . r . . i t them by tllVM act. a COItlllcatO ol wllicll oath altail be filod and carefully preserved , m fth Penury of State.Khall . i i j i Constitute a bOiUiI. to be Uenignateit thO board of hank commmionerH; which board Khali continue until the orgnniza tion of tho Bank of Ohio. hereinafter!.01" provided for, and th ire after the duties they are required to perform by this act, in the organisation of branchtis of the Bank of Ohi., shall be perform-, by said bank, aid tho duties in the or - ganization of in lepen lent banks which they are required by this Oct to perform, shall devolve on anil be performed by tho Auditor, Treat urer. r, and Sccretaiy, of Stnto, who shall be commissioners to per-1 form such duties, and if any of said com-! missioncrs shall refuse to serve, shall tlie eu;.,n l,ia .v.,,11 I, lill.,,1 r,. iho general Assembly, byjont resolution, jf in session, and if not by the governor. Section 3. Sai l commissioners shall mcetin the city ofColnmbus, at such time within thirty days after the second 1'ues day of October next, os shall be appoint ed by tho g'lvornor, who shall notify each member ol his appointment, an I of the time and place of mueting; they shall, when mot, appoint one of ilieir number to be their president, who shall, nil ler the order of the board, sign all official doc documents; - uments; documents; and they shall cause a fair ami true record of all their official proceedings to be kepi in a book to be provided for that purpoxe. a bank shall, under their hands and seals, K,..li.in J. 1'iii'uAna AouAi.i.ii itiff In fnfwn make a certificate, which shall specify. I'irst 1 ho niimn assn nod by such bank, and by which it shall be known in its dealings, in which natuo shall bo in cluded the name of the city, village or town in which its banking opperutions shall be carried on; Second The amount of tho capital stock of such bank, and the numbor of shares into which tha same is divided; Third The name ami place of resi dence and the number of shares held by each m -iiiber of tho company; I'. until Lire tuna wh ui such compa ny shall have ba.'n formed;. Fifth That such company has elected to carry on its operations as an indepen independent - dent independent bank, or, as a "branch of tin B ink of Ohio," as the case in ly bo. which cor- tili'-ate shall be acknowledged bjlo.e a justice of the peace or notary p iblio. an I hall no recorded by th recorder of the county whore such batik in to be esttb i sue.1, in a oook io tie ko h oy nun lor that purpose, which shall at all tim.w during office hour bo kept open for the 'T' " "7 " f f K amine the saint'; one copy ol winch eer- . . .. . titicute, duly certified, shall be transmit ted to the Secretary of State, who shall record and carefully prjservo the same in his oQlce, and another to the board of bank commissioners. Suction 5. No company shall be per permitted - mitted permitted to commence or carry on tho busi business - ness business of banking under this act, as a branch of the bank of Ohio, unless its capital stock shall bo at least one hun hundred - dred hundred thousand dollars, nor shall the cap capital - ital capital stock of any such branch ever be in increased - creased increased to exceed four hundred thousand dollars, except as specially provided for in this act. No in dependent bank shall bo organised with a loss capital than lit lit-thousand - thousand lit-thousand dollars; nor shall the capital atot k of any suck bank ever lie increased to any sum exceeding two hundred thou thousand - sand thousand dollars, exivpt especially provided lor in this act. At least fifty pur rent of thocapitd stock of each company sh ill be paid iu gold and silver coin, or their equivalent; one half of which fifty per cent at least shall be in gold and silver coin, and sh til be in the actual posses possession - sion possession and bona fide tho property of the company at tho time of the com luetic- incut of its banking business, and at tho place designated for carrying on such business, and the remainder of tho capi tal stock of such bank shall be paid in, in installments, each of at least ton per cent on the whole amount of the capital subscribed, as frcqiioutlv as once in every four successive nionihs, from the lime of commencing business until tha wholn a a-lii'iiuit - lii'iiuit a-lii'iiuit of such capital shall be paid up. l'ro.'ided, that the directors of the bank of Ohio may extend tha tiin for the ! payment of such deferred installments. or spy part of tu"'ii, to lie branch banks, when, sutisfiod that the i.ulilie inteiest does not require t'lcin t.i bt puid 4b fre frequently - quently frequently as above provided, and the gov gov-euor - euor gov-euor uiay grant to the independent banks the like extension for the same cause. Suction C. If any sbsiuholder or his assignee Vll fail to pay any installment i.rt Lia atikflr av n. lliAaaiilri shall lift ri. quitsd t U pai tU alLtora mf toll I

On Tuesday evening April 29th. about four thousand of the good people of New York assembled at the Tabermiole to ex press their sentiments on Free Kanaas, Resolutions were passed and a number of speeches made, The following are ex tracted from the remarks of Mr. V. Ev ens, which are so good that we make room for them. Now we suppoao that tide subject of. the extension of Slavery to Territories, which, if t'oey have any government, are . govttrncd by the federal po'ver, is a lgU ' timate subject of federtl politics and we' intend to act accordingly. We suppose that it is a nvne in p iriant subject of' federal poli'ics than any Other, and we intend to net accordingly. We have culled you together, and you have respond ed to the call in oivj uf those echoes widen are heard from one qu.irlcr of the land lo tho olhei. This is a practical question It is a question of inakimr this sentiment felt in the way that politicians understand, by votes, by imluence, by condemnation of tho bad, and b the support of the good,chors. 'A e do not intend lobe misled into any inquiry or sympathy; however aggravatim' tha wronjrofthe siuve may b-. We d.i not intend to be tlrawn iniOHry difcussion of mere ethics, or of mere phiiMithro y for the "inferior' race," 04 they are called by our southern brothotn. We do not intend to unsettle any social relation, but we intern! to exer cio the clear right of freedom in deter determining - mining determining that Mw ftt'd largo regions shall bo devoted to iVa labor upon the oat hand, and to tho exclusion of Slavery on tho othor. loud cheer. Iu determin determining - ing determining this principh, we have no occasion to quarrel with any of the dogmas that are assumed or argue J by iIiom who havean interest in Slavery. It is- said by them that Slavery in this country had been productive of unmixed g.wd to the negro. tio be it. if they car. prove it. But 11 It cur opinion il bus been productive of tin mixed evil to the white roan. Thev isy that Slavery is the only relv.ion winch ia possible in a society which is composed of blacks and wh'tos and of mixed races. So be it, it they can prove it. But that only add to the rectitude of our opinion tbut no new twri'c-ry should be occupied by iniilud races, f Cheers. Now there ie another argument by w hich Slav. ho.dui;r interest tp-ats the cljorts of the fiei'iimu ! the North to get possession of some part cf these territories. It is said lhallhey have l;i en won by our common blood snd treasuia. Well now, lfibia were an argument lo how that the black race ought to bo allowed logo into a new Territory if it was prnleu b d that they had been won by the common blood and treasure of th'J el.'icki of the ljuuih and Iho whueuion of the North, I could un dcrstan.i the forcj of the argument. Applause. .It bus bci wen by the com common - mon common blood " I trj -tsui'd of tha white men cf iho L'uited States, and if Uod assist ihei'lforla that we coinmence to niht, il ehull be occupied by the white :n iiof the whole country. ChM. Well it ia eid that it is tiie prt of brethern to oc occupy - cupy occupy their common liaritaje in peace and quiet, and thai the white man of the Southend the white man of the North should go together and possess the land, but there it one difficulty abutit this Luuj. nena. It dous not depond upon the law of Congreat or the law of any folate but il i wrillou in thehearit of the free Uborr.r, of our country that they will not work sidd by side with slave. I Cheers. 1 Labor, geiiLlemen, we acknowledge to be the seurce aud b i:.s of all our wcul.h, of all our progress, of all our dij'iii'y and vuluo, but t 1 the l ibor uf the tree ntan,' (Cheers ) Carry through this cnnipiii the principlo that thehthd of the C sited S'atft is uotinclokud w.tbio straight lins btdongiug to tb-i white oiiueut of the U ai;ed IsUies. There ism-tbiei- Trvj-