Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1840-12-30

1 - - .asN.A ,.,s....., 49, 3 -,
g limited extent only at lower price. s.as> .'
Bank declined Psfesn Delaware and Hudson -
Long Island per cent, N. A. Trust and Baukinr "a
proved per cent. Exchanges were better TO-DAY "a
gal per cent New Orleans laaa Der a
'a.s' '. i"'iana os were made at 70, B. IL months
The Comptroller has given notice that the h;II.
Wayne Co. BaAk will be received at the rra.s.',
usual, and will in proper time Ill be redeemed o,, .c
safety fund. ""
we nave recently cautioned thu public against old
newly brought up for illegal purlosea Such !, no
with the Frankfort Bank, of Frankfort Msi,e al
Washington County Bank, at Calais, Main Tn. .;,'.
of the former place have petitoned for r.n.., -
charter of that bank in consequence of .u......'
character Of the pIoprieors The money o, ri.
circulating to some extent in Buffalo, wewll g;ys
details OF both banks in few days.
The Seventh Ward Bank has dec larcJ n d;xiA-
per cent for the last six months payable on X A..
January.
The Bank of America has declared dividend "a. IL
cent for the last six months pay able on Me 9Th of
Inc resolution in favor OF the establishment or n N
tonal Bank as soon practicable has passed both bra
es Of the Kentucky legislature.
change has taken place in tho affairs oibe v;cS .h
Bank OF Mississippi, which promises to benst ,b .oci
holders MT Frasier, one Of the assgnees assigned
Office on the LIST December. The movements -
q
stockholders He has assumed than the otAr 90.
of better Judgment and better knowledge of a.
dton of the bank would conoede to him, by which ~
at least 81 600 0oo the assets Of the bank have been
pardized Anew assignee will probably DO appointed
the nomination of tn. stockholders, with reference 10
common interests OF all concerned, rather than "dvs
ofthe spols" The Losses of the stock holders have be-
severe under the management of Mr.. traser The r,l
road is doing an exceeding good LusiIsss; SO much
that the United States Bank IS now intrSun, 70 ga,
Legislature of Mississippi to separate it from the bank
authorize its sale the United States gaak for 90 .oo
ofihe Vicksburg liabilities. The stockloLlcrs should
the alert not to be cheated in this afar There isl
committee already appointed by the Uaitea Mates mi,
attend the Legislature for the purpose In the election
a commissioner, the United States BanA will ha \
the powerful voice. and if theNew York lto
do not exert themselves, they WIZ he roblsa nv :,
bank which, amidst all its diculties SontinueA il. ga
bling speculatons. The bills of the vitsburr Rank
selling in New Orleans at 35a37tcs.
The annual election Of the officers of the Usea stat
Bank which takes place the 9th proxim.> will !
of great interest. A change Of administration in 4.
bank is indispensable to give confidence to the propos
resumption. The neiEcency and mismsn cement of N
present officers is and it is time that the stoc
holders should put in set of that will look after
interest of all concerned rather than indv specu
tons Let all the old transactions be brought 10 liz
How much money has been pocketed by the spec uar,
operations conducted the funds Of the bank al
to what extent has the bank been charged with ossr
Certain individuals and recently connected with
bank, large fortunes, which, in all probability belo
to the stockholders of the bank 1t is expected that
meeting will be stormy one. Cannot some oncf Il
correspondents give Us report iii
For several years the different states have AL been
gisla.ing the subject Of the currency. The more IL
have been passed. the deeper has it been plunged in A
Guilty Georgia, Alabama, and Mississippi are ns,ans
of the ruin which attends all attempts 10 yulae
by legislation. The Government Of South Carolina hs
struck out 1t to allow the banks 10 al
duct their business in their way Gripping Ia,
by absurd restrictions but at the time they In
passed law which renders suspension by bank iaay
its existence This is the only way to ensure ste.
currencygve the banks to understand no infrac
of their charters their obligations to the pubc wiz
tolerated for moment, and they will take good car
conduct their business be abs all times to
their debts. The following the important section
the law alluded to - I'll
SIC. /. Provides that the provisions Of the act shall n
parts ofthe charters every bank already ncc
rated in the state and of all that may hcreaite3
chartered
SEC. Cd and 81 are as follows:
SEC. ,. Every bank which shall suspend the pay
animation TO suspend refuse OF its notes ~
cordng to their legal sbgation in current CON- shall
come liable to pay TO the state oil south Oarolihe, a
expiration of every month after such suspension or
ton sf money at the rate of Eve per centuo III
snnum upon the whole amount Of its notes, which ~
have been issued in circulation a; the commencement
the said month"; and shall continue to pay at the samS
at the end of every month"; until the said bank shall
woke its declaration, and shall lawfully redeem nc
when demanded, according to their legal ohigatio7
SIC. g. The president and cashier OF each oanf1 cul
the first day Of every month"; maie return on of7
the state of such bank it existed at the closing n
books the day next preceding, and shall transmit
same, within the two next day TO the Comptroller ~
raj which officer shall colate the various sta.cme -
as TO present COM sratve view OF all the items IL
and shall publish the in some public newspap.x
general Information. The said return shall specify
cuars set forth in the several columns, embrace
ths follow ing schedule and shall be made out in the
lowing for IN. viz