The Columbia Democrat. [volume] (Bloomsburg, Pa.) 1837-1850, 1837-12-09

of the penalty would be productive OF more
evil to the community than continuance
of the suspension. Ii is remarkable IN
stance OF the virtual repeal OF general .
law OF the land by the expressive. but ST.
lent action of public necessity, ny which
even the forcenoss OF pariy zeal has been
restrained. Ofthe votes polIel at the lrte ;
general election, small majority were by /
a party one oi whose protested prnrIplcs
was oppsi,lon to Banks, II is tair suppo-
silion that this majority held since the sos-
pension, In" same proportion OF The banh
notes oi the State. 1t was therefore IN their
power to have closed up ana i1lleiteu the
charter oi every bank IN the commonwealth
except perhaps two or three. ioey nave
not done so' ana 'n' 't'son ,'' '1I u'1I I"," @
02O@' ana ire lu'IIr i''''ta. N""'" nav
thereby s"nefe9' r, ne P"'''' 'se,'a .,o.,' l,',
he@'s,a"'o '''" =. w, ~ w.,
bouno 10 a,' OF u''s i'i"''' '"'''''*'"', VI ','1
Pu'nG WISH n''' ''.,' '..'-.'g, ...,I'., ,'','
Legislature are "'' mos.
spec' 'na.,'-u'" @s y, ''' $50" SOW c'.r;
the act "t To"l OF '"l'"' 80 u" ,.',..-
ture can i'ke p'"c' '"r mere 'OaFe,'S'o" Ca, Ca
cePt al il' "e7I'r ''' '> ''' '''''" ~ "''
people VINO axe ,,'' I'o.l 'o,,gtS, i.,n. ,tn.t
bu! upu8" .uo ~ '.'','' ','"y .,',.
re'"d',e" ny oA'''"S ''-''t7'
ung "anhih3 system ',''''''y !" NV Wv
yet ~ lS l'e' nuy ~ '"ru -D'"
LOT "'F P'o'e'"o', VI '''J '''"''' I'm
lure o' "'c '"7e u','''.'., ".' - %I,.
Inc 2'e"' VI ~ -, ''lo
ing system S'.oH" ~ o'I' 'u ~ Ip'" ;T i
power 10 90 oN'l N''''"'', '''.,.''''''s wa
li!e c'P"''E '."'i'o.e
aceo'nf'lS" '.'7 "Is'.l,'o e,.''' T.,,
ieco''ulcn" '.'' I,'oI -" ", ,,,J u'I''
ing P'oN'Ilo"s' VI VI "'''o'' IN c'.,,
Prouuce t'G sa'io ~ ui' ''''''' r'u''"
id"S' anu mn ''i''''.t i ~ ;I 70 .i, g.
cI!a'CIeu 'is''I "'1 Wv ,"l"' VIZ ,'"s.
VIII al'o"' ~ "'' n"''N' Nv" ~
]. That the prollts or dividend payaoie 10
the sto kholders, be forever restricted 10
per cent. per annum on the capital actually
paid in.
2. That the notes IN circulation pe sun
further reduced IN nPFoPoruoh to the amount
OF capital stocE paIu ih' 1t may ny the
present laws be a"oO'e 'hat amount
3. Ihat wherever me specie Oh any BANK
shall laH beiow hHeo proportion l" lIe
notes ~ clrculat'on' All increase OF clrcuia-
ton shall he strictly pioh'hIteu ana s"hma-
rlly punished, uni'l Inc proportion required
by law shall be restored.
d. That no loan shall be made to any bro
keI or other person engaged dealing III
money notes. bilIs' or other evidences OF
debt until persons engaged III other busi-
ness, and presenting equal security, Shall
be first accommodated; nor any loan he
made on pledge Gi stock, nor on any other
security except that which Is usually de-
mandcd. And that loans 10 Directors dl-
recty or indirectly. shall be placed under
similar restrictions with those to brokers.
That the amount OF loans TO any lndlvId-
ual or iiTm, whether as drawer or endorsor,
or both, shall not be permitted to exceed a
certain sum fixed by law, except with the
consent of three-Iourths OF the Directors.
6. That the excess OF annual profit be-
yond 6 per cent. shall be invested by the
officers ol each bank IN such mHnner as
shall be approved by the State Treasurer,
until it reach certain amount to be iiXed
by law, in proportion to the capital PAID III,
as separate fund to secure the safety OF
the bank, and to redeem It's notes in case