The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-03-25
UrIEs ON MERCHANDISE IMPORTED BosroN AND LrvrR
POOL STEANsHRs.

Inc Wh0i0 amount OF 0uuoe received AZ tn0 Boston
Cuson.ouse from tho LIST 10 the aoth inst. ives about
four hundred and twenty ave thousand dollars This Il
only about one half Of the amount received at the Cas-
tomHouse Of this port during the pest week. The total
receipts from customs at this port from the LIST to the
Doth inst amount to nearly two millions Of dollars.
Az there are many interested in the banks Of Mssis.
sppi, both stockholders and debtors, have t.
ken from the law recently passed, the most important
sections. differs In many points from the original
Brscoe BILL but 1t comes enough for all practical
purposes The object the Legislature had In vsw no
doubt to wind up the various dsunc banks Of that
State rapidly and judiciously possible While
these institutions remained in the hands Of assgDsss
there probability ofthsir affairs being llquidassd
long there assets remaining on hand sun.
cient to pay expenses from year year. The sections
from the new Law which We have selected, show that
the trustees have the power to make the most rapid pro-
gress in the settlement Of the banks of that State.
BASISa IN MIssrssprr.-THr NEw BANK BILL.
SEc. l. Regulates the appointment of trustees.
SEc. 1t shall be the duty OF all persons having pos
Corporation ssanst which judsmsDs Of forfeiture sss
be rendered demand being made upon them By the
trustee or trustees to surrender. fcrthwith 10 such
trustee or trustees all such property and evidences Of
deb and upon failure to surrender, such person Or
persons shall be deemed guilty Of contempt Of said
SEC. q. Inventory of the property and evidence sf
debt be rsturnabls BY the trustees to the next tern
OIL the court.
SEE When the inventory il retained, ~ Aforesaid
the trustee shall proceed to SELL under the order Of said
Court to the Highest bidder for cash. all the property
and evidences Of debt specified and set forth Ia sad In
ventcry The real estate shall be sold before the Court
House door of the county where said real estate 90
situated the personal estate before the Courhouse
in the county where tho bank was Situated and
the bills receivable, notes. Judgment, dscrsss and
other evidences of debt secured In whcse or n
part by mortgages land, shall oe sold before 0e
Courthouse in the county whers said lands are stueeed
and other bonds, bill: notes judgmsnf: dscrees ana
whore the principal debtor debtors live, their
ecutors or adminisratcrs reside and II the principal
debtor or dabtors noresdent the sale shall Be IN
the county where the security or securities reside q
the Courthouse In other Aforesaid; sad trus
tee shs give ninety days notice Of the time and pacs Of
such sale under this act notice shall be posted up In
two public pisces in the county in which such sale to
take place and one public Newspaper printed in the
state Said trustee shall render account Of said SALE
under oath, in like manner ~ his inventory.
SEC g. No trustee shall have. directly or Indirectly,
purchaser at his own SALE or to cot - agent Sor
others
sEc g. AT the term At which Judgment Of forfeiture
be rendered. the court shall appoint three conmssoners
to audit claims against such corporation whose duty
shall be to give notice to all persons holding claims
mssioners for allowance and said commssionsrs shan
audit and allow all the bonds, bills notes post ncts 80
csrhcstes OF depose which have been ssusd BY said
bank athough more than six years may have elapsed
since the same may have been due demandsd ~
notice shall be published for two successve months
sented to said commissioners within twelve months
after the date of such publication, shall % forever
barred.
src.7 The money in the hands Of the trustees shail
DO distributed In the following order a..,
lst The cenPspseaon Of " uesssss ana connS