Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1841-01-07

sant; eigln hundred and lorIy-oue.
An Act to provide against the Suspension
of Specie Payments by tho Banks OF
this State.
Scclion /. BE it enacted, by the Senate
and House of Representatives, now mel
and sitting in General Assembly, and hy
The authority ofule same, That Ihe provi-
,nns of this acl shall be and become parts
of The charters of every Bank already in
corporated within this State which shall
accept The same: and also Of every Bank
ulhS session. OF Tie UcncraI Assembly, re .
ceivo grant Of n charter, nr any renewal,
amendment or modification thereof, unless
The Act granting such charter, renewal, a,
mendment or modification, shall in express
terms, dispense with the said provisions.
Sec. 2. Every Bank which shall sus-
pend the payment of current coiIi for its
uotes. or which shall declare determiua-
ton to suspend, Or refuse paylneuI Of lis
notes, according To their legal obligations,
in current coin, shall hccomc liable to pay
to tho Stale Of South Carolina, at the cx-
piraIion of every month after such suspcn-
sion or declaration, Il sum of money, at
The rate OF five per ccDlum per annum up
on the whole Of its noies. which shall hHv..
heen issued in circulation, nj the COM
nIencemcnl of the said month, and shall
continue to pay at the same rate at the
end Of every month, until the said Bank
shall revoke its declaration, and shall law.
fully redeem its notes when demanded
according to their legal obligation.
Sec. 3. The President and Cashier o
each Bank. shall, on the first day Of every
month make 4 return op oath Of the slate
Of such Bank, as it existed AT the closing
of the LOOKS, on the day mex, preceding.
and shall transmit The same, within The
Two next days, to the Comptroller Gcncr-
al. which officer shall cOIlate the various
statements, so as to present n comparative
view of all the items thereof, and shall
publish the same, in some public newspa-
per, for general information. The said
return shall specify the particulars set
forth in the several columns, embraced in
The following Schedule, and shall be made
out in The following form, viz:
SCHEDULE.
DEBTS DUE BY THE BANK.
Capital Stock.
Bills in circulation.
Nett Profits on hand.
Balances due to Banks in this State.
Balances Iue to Banks in other States.
All other moneys due which bear inter-
est.
Cash deposited and all other moneys
due, exclusive of Bills in circulation. prof.
its on hand, balances due other Banks,
aud money bearing interest.
RESOURCES OF THE BANK.
Specie on hand.
Real estate.
Bills of other Banks in this Stale.
Bills Of Banks in oIher States.
Balances due from Banks in this State.
Balances due from Banks in other
States.
Notes discounted on personal security.
Loans secured by pledges Of its own
stock.
Loans secured by pledges of other stock.
Domestic Exchange.
Foreign Exchange.
Bonds.
Money invested in Stock.
Suspended debt and debt in suit.
Mouey invested in any other way than
is specified in the foregoing particulars.
Total resources of Bank.
Rate aud amount of the last Dividend.
Amount of reserved profits at the date
Of the Inst Dividend.
Sec. 4. Every Bank whose officers
neglect to comply with the provisions en-
braced in the third section of this act. shall
forfeit to thc uso of The State, 10 DO re.