The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1845-05-29

And leaving the amount of the city debt ON
Isl OF May, l546 VI, 1926 81
possible the debt of Boston will be increased in
the course offs two very much, several pro-
jests foot to introduce water into the city from
of their neighborng ponds rivers, upon scale
similar to the Croton here.
The personal liability law which passe at the recent
session of the Legislature ofNew Hampshire is likely to
prove of trouble and great disadvantage to the
incorporated companies of that State Several banks
the State closing up their business and as fast the
charters Of others expire, they will go into liquidation
Incorporated companies intending to do just and eg
mate banking business have very little fear fro the per
ssnal liability law. It is only those institutions that wish
to extend their operations, and upon Bmna capital to
do much business and get out Urge circulation as
their credit will permit, that effected by any ad
ditona responsibility this law may put upon the stock
holders. The citizens Of New Hampshire or any other
State having this law upon their statute books need not
feel the least alarm There will be plenty of banking in
situations glad to do business under this restriction and
those that do continue must BIO considered sound and
safe conce rms There good why partners
banks an other incorporated companies should not be
personal ~ liable sas much partners in private
camille houses They have privileges enough without
having the power to throw upon the market their promi
ses to pay to large amount and not be held responsible
to the public for their redemption The introduction of
this clause in the law regulating incorporated companies
and in the charters Of these companies will compel them
to pursue legitimate business than they have
heretofore and institute minute Investigations into
their operations than usual 1t makes it necessary
stockholders to look closely after their inter
est and by frequent examinations satisfy themselves that
the business Of the institutions with which they
nected and for the soundncss Of which they ndv
dually responsible not devating from legitimate
line Of operations cndangering any way the credi
derived from the public This personal liability clause
in the charters of banking institutions, will do to-
wards keeping the banks in solvent condition. and
uniform in their operations than all the laws requiring
monthly or quarterly returns the legislatures might per-
feet.
suit has lately been decided in the United States
District Court, sitting N Boston of considerable impor
lance both to collectors and Of vessels arriving
from foreign ports vessel arrived at Boston sometime
since from port in the West Indies, with cargo SUBJ
ject to duty The manifest duly deposited in the
Custom House, a, i'd to by the captain contain
ing true and ercct list of the articles comprising his
cargo subse quently it discovered that other ar-
ces were on board entry of which had not been made
on the mar est and the captain was accordingly prose-
cuted in he District Court for perjury In the of
the tri' it up in evidence that the captain had
not igned the manifest with his previous to
the administration of the oath, he entitled to
.uital which granted, and the master discharged
IT appears that in majority Of cases. masters Of vessels
do sign their manfess and this decision will
this to be done in all by the Collectors of the Gus
toms throughout the Union.
The Monroe Railroad Of Georgia, and all the property,
equipments and effects Herewith connected, to be
sold auction. special decree to the effect has
Gently been made with the written consent of parties
without any interpositon instruction from the
Court. Five Commissioners have been appointed to
pernend the sale receive the proceeds and deposit them
in the Agency of the Mechanics Bank Of Augusta, at
Macon, Geo. II also provided that the creditors
should be publicly notified to file their claims in the
Clerks office by the first Monday in October next. 1t
further decreed that the purchasers Of said road
should succeed to all the obligations of the company,
in respect to the completing equppng, and keeping the
said road in operation but that these obligations should
extend to liability of debts contracted prior to said
sale that after said sale, the entire road stock
should be transferred to said purchasers was furthe
decreed that in the interim until the day of SALE the re-
cepts Of the road should be applied to the keeping tho
road in operation.
We annex table showing the amount of duties
which accrued imports and tonnage, exclusive of
drawback paid for the years 1912 and ls43 compiled
exhibit the of duties upon imports ton.
mage by States and Territories respectively. The gross
collected imports in 1912 than twice
large in lsi3 and in tonnage more than four times
large. The decrease in both be traced in
the table, to New York. Massachusetts,, Maryland and
Louisiana The duties tonnage larger in South
Carolina in 1913 than in New York. and in ls42 the du
ties tonnage Of Louisiana greater than all the
other States put together.
STATEMENT ExHBIrNc THE AMOUNT OF DurIEs on Is-
l812