The Columbia Democrat. [volume] (Bloomsburg, Pa.) 1837-1850, 1842-07-16
VARIOUS MATTERS.

having been signed by the governor We
may uow expec. the issue Of such trash as
The relief notes TO cease. and by cancelling
The community in two or three years be rid
Of the most worthless Of them.
RESOLUTIONS
To prevent further subscription by The
Banks TO the loan authorized by tho act
of Fourth Of May eighteen hundred and
forty-one and 10 provide for The redempt.
ion in gold and silver coin Of the relief
notes.
Resolusd 6y the Senate and House of
Representatives. o. the Commonwealth Of
Pennsylvania in General assembly met
That the Banks of ihsC Common wealth which
issued notes under the provisions of the act
passed the fourth day Of may one thousand
eiCh, hundred and for,y-one, shall receive
Eve per cen. in,eres. in addition 10 the one
per cent already allowed 10 be paid semi.
annually at The Treasury Of the Common.
wealth, upon the amount Of notes legally
issued by ,he same under said act com.
mencing at the end Of sixty days from the
passage hereof and to continue until the
same are redeemed and cancelled and shall
not be liable to make any loan to the Com
monweal.h under the provision of the ac,
of twenty fifth March eighteen hun.
dred and twenly.four, entitled IAN act TO re.
charter certain banks Provided, That no
bank shall be entitled TO this benefit of the
provision which shall not within sixty days
from the passage Of this act commence and
continue 10 redeem the notes so issued by
il in gold or silver coin, and which shall
not also therefore comply with the provis.
ions of the act passed the twelfth day OF
March one thousand eight hundred and for
ty two, entitled 'Aa act to compel a res
nmp.ion Of specie payments by the banks
and for other purpose find provided also,
That interest shall not be paid on any
amount OF said notes which have been or
which may hereafter be cancelled in &C.
eordance with the provisions of the aforesaid
act Of the fourth day Of May eighteen hun
dred and forty one but the interest on such
amount or sum shall cease from the
time the same shall have been or shall be
no cancelled, .and prDuided further, That
il shall not be lawful for any bank Of this
Commonwealth 10 take any portion of the
loan authorized by tho ac. of the fourth OF
May one thousand eight hundred aud forty
one entitled AN act to provide reuonue to
meet ths demands on the Treasury, and
for other purposes, which was not subscrib.
cd for before the frs. day Of Jnne on thous
lnd eight hundsed and fofty two or to make
SAny new. issues ofno,es iedeemable ia State
stock 10 the manner provided in the said
ACT. And if any bank shall violate the pro
visions Of this act such violation
shall snnnl tho charter oe such bank, and it
SHALL be lawful for any defendant in any
suit tinssitu.ed by any bank violating this act
to plead such violation in law and it shall
be the duty Of the court in which such &C
ton shall be brought upon satisfaction proof
ss'.s made e ssssss " sg fhaysg dsys sel
the passage of this act the State Treasurer
shall csncel one fourth Of the notes issued
under the &C! Of fhe fourth of May eighteen
hundred and for!y-one, by such Of the
banks as refuse or neglect to redeem the
same in specie as may than be in the
Treasury, and shall retain, and semi.
annually thereafter cancel one
fourth Of all such notes as may be received
a the Treasury.
Resolued, Tha. /. shall not hereafter be
lawfal for any banking institution or other
corporation or individuals 10 issue or put in
circulation any note. bill, check. or paper
'of any kind 10 circulate as currency under
ths denomination of FIVE dollars excep,
notes legally issaed under the act Of the
fourth Of May eighteen hundred and forty
one, and upon conviction thereof Of any
president cashier. clerk, or other officer of
any corporation or individuals before anv
court Of quarter session Of issuing or put
ting the same in circulation of which their
name or signature to Tho said note. bill,
check or other officer or indiviual shall be
fined in any sum rot exceeding five hun
dred dollars at the discretion Of said cour,
.one half for the use Of the county. and the
said bank or corporation shall forfeit lis
charter.
Reselved, That no work except for re
pairs shall be done on the public works of
this Commonwealth until hereafter direct
eddy Law.
Resolued, Ths. after the first day of July
one thousand eigh. hundred and lorty.two
only Engineers. . salary no, exceeding
fifteen hundred dollars per annum shall be
smploysd blythe Stale and but one supervi
sor,snd no Superin.sn den, on the Erie
Canal af!er Me r6rst day Of Angus, mex. and