The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-01-20
S5lo,700
Total S5,035,700

At the close of last year the amount issued corpora
tons was Since then the $4,000 issued to
the Cak and the thca Railroad have becomela direct
debit owing to the failure of the companies to which
they issued How much will be added at the close
of the present year, remains to be The matter re-
qures the prompt attention of the Legislature At the
same time the manner in which the stock granted to
the Delaware and Hudson Canal issued, requires in
vestgation. The singular powers exercised by that
company, and which in other delegated only
to the Comptroller, opens the door to abuses
| for which, if they exist, prompt remedy should be
taken.
The Northern Bank of kentucky has declared div.
dend of per for the grst six months The Bank Of
Louisville has declarod dividend Of 81 per for the
time. The Bank of Kentucky, in pursuance re.
solution heretofore adopted nodeclared nydivdend
| The legislature of Alabama has adjourned, having
done nothing either to relieve the banks, compel
resumption. The banks subject annual draft
s4Os GOO fer State expenses which exhaust
| their remaining capitals.
The following resolution has been submitted in the
| House, at Harrisburg, by Mr.. McCahen -
Resolved That, until the banks ofths Commonwealth
resume specie pay ments for their and obig
these nstiations aad their debsrs be-
This is very just if the banks are permitted to sus.
pend why should their debtors be permitted to sus
| pend also.
An adjourned meeting of the stockholders of the United
States Bank is to be held February 2st order to null
lily the assignments already made and to make general
/ assignment acco riding to law.
We have frequently had occasion to alude to the at
empts made in this city put into circulation the bills
Of the Bank of Jacksonville Florida In order to show
clearly the nature Of that transaction annex the law
of the Territory passed last winter annung the char
| ter Of the concern, as follows;
| LAW ANNuLLINe JACKSONVILLE BANK CHARTER
Whereas by the l4th section OF the entitled an
act 10 incorporate the Bank of Jacksonville" approved
February l4th, 1885, il is enacted That the bills of the
bank shall be redeemabie at the banking house. during
| Office hours demand, in gold silver" and by the
18th section Of said act it also enacted that on fail
ure TO redeem its bills SPECIE during the office hours
Of the bank on demand therefor. the charter shall be
forfeited and the Governor may appoint three receivers
who shall be authorized to take the effects said bank
and practicable thereafter to wind up its af
fairs and in such event, shall be the duty of said re-
ceivers to apply the assets\of said bank in rateable
proportion between the whole of its creditors and by
the 10Th section OF said act is also enacted that
sdent and Cashier Of said bank shall make an annual
statement to the Governor of this Territory the
day Of the session Of the Legislative Council in every
year, stating the precise situation of the bank the
Of specie actually in the vaults that day; and
also full account Of all other notes. bills of exchange
aud all other securities whichever due to- owing by
said bank and the said President and Cashier SHALL at
the tme state positively, OATH that the
made just and true and that the stated to
be in the vaults Of said bank stock notes. and
the statement SO made and before justice Of
the peace county shall be to the Cover.
the Territory be laid before
Gil within the first week of its succeeding session And
Whereas said bank suspended specie pay in the year
1885, and hath continued to refuse specie pay in
violation Of the provisions of said sct up to this time
anA in condition which requires for the interest
Of the public the interference of the Executive aud Le
gislstve authority of this Territory, according the
laws thereof And whereas, said bank has made any
statement as required by said 10Th section Of said act
since the year OF 1885, other report requredby
the other acts Of this Territory And whereas by the
LIST section of the act entitled act to prevent the u
ture exercise Of corporate privileges by certain banking
corporations passed March 4h 1885, it is enacted that
the district atornes of said Territory, be authorized
and they hereby required to institute the requisite
legal proceedings against such banking interpretations
in their respective districts may have incurred forfeit
lures of their by non user or otherwise to pro-
secute the to effect that said charters be de
cared null and void, by the judgement of the proper
courts in said district And whereas said bank hath in
CURED forfeiture Of its charter, under said law And
whereas appears the qustions Of said last
toned. has not been obeyed.
Be therefore resolved by the Legislative Council Of
the Territory of Florida That the public interest de-
mand that the provisions OF said laws be forthwith
and the Of
Adopted by the House of Representatives, February
"a, Is4i.
Adopted by the Senate, February sth, ls4I.
| From this II will be that the legally
cd to exist in February last months before the at
| tempts made to force the circulation here.
Resolutions to enforce immediate resumption have
passed the Senate Of Ohio and there Is but little doub
that law will pass fixing the LIST Of March the time
| The Lebanon, Miami Company, recently exploded,
was revived in Nov $780, purpose for speculation,
and Tor the Information of the Cincinnati Enquirer
we'll as the people ofthat city, repubsh this pa
per a list of its officers
LIST OF DrRrcroRs THE LEBANON Miami B.rxt,e Cos
ELECTED Nov 10, 1870, TO UNTIL THE ANNUAL
ELECTION, IN JAy. lS4l -
John S. lglehart, g. p. Williamson,
A. X. Jameson, r. b. Van Horne.
X @. Corwin, William Sellers
e. Bradley w. Earl,
Mp. Iglchsrt, j.. J. Bingham,
j. II. Earl, j. p. Reynolds
FL. Tytus
And at meeting Of the directors, held at the banking
house, the 18th Nov. the following persons were
elected officers
John s. Iglehart, President, director:
J. Earl, Cashier, one Of the directors.
JJ Bingham, Teller, also Of the directors
Geo. J. Smith, Attorney, not director.
The contradiction of Mr.. Brough, the Auditor Of the
State the aega,o that he had any connection with
| IN WI have s}readv published