Wheeling times and advertiser. [volume] (Wheeling, Va. [W. Va.]) 1839-1849, 1843-01-14

! oil DS' BANK BILL.
! That our leaders MAJ understand what the Ohio
legislature isat. we give the following synopsis OF
ODDS Bank bill now before the houso
! The act neither Incorporates any bank, nor con.
tinues the charter Of any now. or lately in .,i..
fence IL that all persons and association,
ues'rous TO engage IN Banking. which may here.
amer be Incorporated. shall be subject 10 lsrs acr
and sueh Other acts relating to Banking now in
'orce' or hereafter is be en:ct ed; und rep.,l. T.,
Ihnm's Bill
bankHtg corporation shall continue ill the Is, of
January 1863, be governed by nino direction, 10 he
elected annuclly. the shares To be 100 5ollar,
each.
The circulation is to be Supplied ola unif.rm an
Pcar0nce. by State Register. who is TO register
and sign the notes. No notes less than We dolar,
are TO be Issued. No Bank TO have circulation lar
ger than It's ca piial stuck
Inc capital stock shall not be implircd by div
'uehds' and II impaired by losses M dividesd.
be ma 10 until the loss is made up
Discounts may be taken in advance on l,an. .,
not exceeding SIR per cent per snnum. No loans
10 Dc made on stock Of any kind and 40 stock e, be
taken IN payment. No stockholder TO DO liable in
bank for more Than three. ourihs The amount of hi.
stock. No one person or firm TO owe mora Than n,
follows In Bank Of not over 800. 900 capital
SoOOo-in one Of from one to 100000 capital.
si@'oOo-irom 3 To 100000 capital els 600
over 100000 capital. 10000. No discount, Il,
be made to or for the President. Cashier CI,,L -,
o'her officer The whole amount of diseopp,, sb.I
not exceed twice the capital stock; add IN. Rank
snail not owe Except to depo,ilor.) more than ON.
and half the amount Of ts capital stock. The
banks shall keep in vault one dollar Of coin E,
three OF circulation. They cannot eIport COIN q,
reduce the amount below one third Of their ercuI,
ton. nor employ broker
a Safety Fund is to be provided equal To 90 per
cent The capital. payable per cent ia hani aud
per cent. in 6. IL and IL months int, tho State
Treasury TO be applied to the payment Of the domr..
tic creditors nf the State For this the State i. 10
issue Z per cent bonds. payable the tst OF January
1868, interest semi-annually These bond. ara
retained IN the Treasury. III Blk fails To re deem its
Circulation on demand. the Bank Cum'rs are TO de-
clare 1t nsoVent. take possession offs efIects and
proceed 10 wind il up. The circulation Of such
BANKS TO be reported TO the Treasurer; who is 10
hPPoron the amount among the other Bank, ,econI.
ing to their capital. and each TO pay its proportion,
m drawn for by the Treasurer to take NJ the circu
laiIon oil the insolveni Bank. This assessment 10
ne reimbursed first out Of the assets OF the failing
6ank-If this provo insufficient. then from the
Directors OF the Bank 10 the extent oftheir nr:yst.
ProFSriy-aRd il this prove insufficient. then The
stockholders are 10 be held indy sally liable euch
ior The full amount Of his s,ock-and any further
deheisi'cy TO he raised by sale Of go much Of IN.
SAFETY FGad advanced by The failing Bank a. may
be required.
Each Bank 10 receive the notes Of all the other.
/ IN payment Of debts Bank balances To be liouid,.
ted at such times aud places a, the Bank Commits,
sioners may direct.
| The Bank TO place its stock on the Grand Lew
and 10 pay The same tar upon it a. is levied upon
money at interest.
The salaries of the Bank Commissioners and State
Register. and the expense Of the engraved notes 10
| be paid propOriioaSbly by the Banks