Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1838-10-25

will be payable at tho time Of subscribing,
and the remaining Sl7a ut such times a,
uiay be deemed advisable by tho Directors
of the Bank.
AT every subsequent call made for the
Road, an equal amount may he called for
on the Bank Stock. A subscriber having
paihS 10 nn The stock in The Road may there
fore hold $50 of stock in The Bank. aud III
each successive call the amount of stock in
the Bank will continue to exceed the stock
III The Road Ivy an equal amount, until the
Bank capital shall n,nount To S9.GUO,UJO
whc" Ihry must proceed together pGH pass"
until the Bank capital shall amount 10
Si2,OO0,O0O. The object OF this liberal
provision was to give income to the Stock
holders. while the road was in course Of
construction, and before any palt oft could
TO mndc n source rf' profit. And this oh
icct may certainly be fully accomplished, il
the stockholders will only be true to them
selves.
With 80 invested in the Bank and $40
IN The noad per cent, at least may Ger
ininly be realized. upon the whole amount
Of tho investment, viz: $40. Under sue
ccSsful management ten pei cent can ed
silly be made on the $50 invested in the
Bank, which would he equal To a per cent
on S,lO, the whole amount Gi' stock held
both i'll the Bank and The Road and il is not
doubted that as the operations "i the Bank
shall be subsequently enlarged, even grcatcr
profits may bc derived So rs to keep up the
DIV id"nis To at least per ccur. until the
first iii, i>on OF the Road shall he finished
and brought TO use, when the income of
the Stockholders muSt be considerably in
creased.
Such are tho important Banking privi-
lrScS. which have been conferred upon the
Stockholders NJ the Louisville, Cincinnati
nd Charleston Rail Road Company. M
one is allowed to hold share in the Bank,
WHO does no, hold Il corresponding share in
the h"nd. The Bank however. is to he
managed hy Il separate Board of directors.
aud neither the stock nur The profits of the
Bank are TO he in any way lahl, for the
construction or expenses of the Road; St,
| that the cn,irc profits Of tho Bank must he
divided anon" The S,nckhnItlrrs. Under /,
! resolution adopted bv the Directors it is
PROF "scd to put The Rail Road Bank in
operation IN NGvcnhcrnrNt. The rcsrmr-
Il"h "i specie payments hN the State B:uks
viii rchdcr This comparatively easy. Books
OF subscription will he opened on The p,
Monday IN October next, aud cOEiinuc
open Tor one month. when every stock hold
der Will he III liberty 10 subscribe for rs
many shares in The Bank Us ne NAV ,hiu,
proper, not exceeding the number of share,
hc!d by him III the Road. II is not ,Iouhtr,
hat the StochEoldcrs will embrace the on.
purtnnily thus afforded Of securing to them.
selves valuable property, and at the sam.
iiinc cusurino the success ofnur great work,
| which is in>crarahly connected with IN,
establishment of this Bank. Even whcr,
the situation of Stakeholder nigh, for.
hid his holding all amount of stock in the
hank, equal to that for which he nny have
subscribed to The Road, 81 due regard to hi,
own interests will require rhar he should
subscribe tor the full umount TO The Bank
and pay the first inslalment of Sl2!. Thi,
will give an increased value TO his Raj
terms, ana without injury TO the comnnuy
whilst fulurc to subscribe TO the H,nt :, (,
reduce the value his >'ock and dcpriv, hin,
"i the opportunity Of av;iIiug hi,uscIforrhc
nG"'lt .,; OF the Bank, at any future period
ire SiorkEo!dcrS of the Bank will n,c.r il,
person. or by proxies, in Charleston ~, ,L<
-"h -l""fmhtr neat iinr the purpose Of clcct.
,nS directors, and il i, intended rl,ot The
n.'i'h snail 80 inIo operation a~ soon there
aiief ii, possible; !nr which purpose. the bills
OF The Bank OF various ,!rlun,ua:iou, :,rr
already IN the hnuds of The. Euyrover ,,,,I
Il temporary Banking Iluu>c will be pro,i-
dcd. Branches will be established, in Ten.
ncsecc and North Carolina lis suuu ;,s n,ss:.
bic a.icr The Mother Bank can be pu, in ~,
Grafton III CharIcs,on,"