Meigs County telegraph. [volume] (Pomeroy [Ohio]) 1848-1859, 1851-04-24
SECOND pIsrArcH.

Rr SECOND DlsrATcH.L
The Pacific left Liverpool on Wednes lay
u 2P. M, making her iun from dock 10
dock in 8 days, 81 hours and 80 minute.
This 10 the firs,,ime the passage has been
made in less .han 10 days. The shortest
passage previous TO this was also made BY
Cap,ain Nye, September last, when he cross
ed,,he Atlantic In 10 days, hours and 40
mil u.es.E ana JAWTTaa
Z The shortest passage ever made from
New York 70 Liverpoo;, wac performed by
The Asia in Decemb If last IN 10 days, =
hours and 50 nlinues ), : !,
Th.l f.sTHdS - ttxchanee, pavoble On
- -. Sidie, shall at no time arca,.J ~
mira; exclusive of liabilities as accep,or ~
accep'ors, one-filih, and exclusive Of Iiab;
'nes on ssuch bills Of exchange, ono.,en,l
I l'aft ol the amount of lhe no,es whioi
such company is authorized 10 circ,l,," :
'hedlnie OF such liabilities. a FN''O "
30" SEC 70. No banking componv sh,,i :.
any time pay oul on loans or & discoan, 49, . .
IN purchasing OF drafts or bills of excbn me- -
or In payment Of deposilors, nor shall !, +
any other mode put IN circulation ,he nn,a. ~
"i any oanlt or banking company, ej,bar ir
or oul ol this State, which notes sboll ~, - ;"
'hal 'lme De receivable al par in pay,nen, 81
, "eo.s, ana by The company SO paying out o,
circulating such notes, nor shall il knowinoIv :
pay ou' ot pu! in circulation any notes i.
% suea Oy any bank or banking COMPANY
which, al The time of such navino . =,
Pu'nng IN circulation, is not redeemina i,s s
notes IN gold and silver, nor anv no,,s ;ss,, 40 ~,
ny any bank out of this Stale Of >dsns,.; $500
nhailon less Than FIVE dollar, '''o'"' ''Ni
= SEC "a. All notes, bills and o,her ov;
, uphces ol deb', excepting bills. of cxcbange
discounted by any banking COMPANY sI' sboIi
DC made by ihet terms thereof. or bv s,oci",
endorsement, payable solely to such comno. anna
ny, ana no such evidence of deb.sb.lI h.
SsS'gnaoe' cxceps for collection, or for the
'ppnowhg ~ purposes: first, to pay and redeem
'ho circulating notes of such comnanv. 90.
eohu' 10 pay olher liabilities of The s,id
company, and after such liabilities shall bau ,o
peen discherged; lh,rd, 10 divide amoao ,hs
s'ockholdcrs on lhtir stock - ''e
Sfc. 90. ADMINISTERS OF The no,.s h,,,J.
S'ns ol exchange, and olher evidences If
Ieo'' owing to any banking company, or Of
uePos''s to It's credit, all assignments or mar.
cages, or Other securities or, renl cs,o,a -,
" judgments or decrees in its favor olI a.
posts Of money, bullion, or other yaInahl.
ming lor lis use. or for the usc oc ,nv oc;,s
s'ockiloiders Z or creditors, all payments or
money 10 either, made afier the commits s;on
" an ac' insolvency, or in concentration
Mere"i' with view 10 prevcn, The apnIic,'
aoh OF lis assets in the manner nrnscr;L u
ny his ACT, with view TO the preC.,onca ,,r
"rc, 'r :. creditor to another, cxccp, in paymen,
ol ,'s circulating notes, shall be held 9,orI~
null aud void. - "0'u u"ef'y
Sec. 20. II the directors of onv b,,ki,n
company which shall have avaiIed i,solf e
any OF The privileges granted by this oc,
anr % oe Se"Jhwlngly .h violate, or knowingly permit.
any OF the officers, agents, or servants orI
..oh company, 10 violate any of the prov. |
SONS SONS ol This act, all Tho rights, PRIVILEGES
eno franchises of said componv dar;Sod
rom ms act, shall thereby be forfeited: sncb
violation shall, however, be de,ern;nod I onJ
aojuoged by court of competen, iurisdic.
I'o"' agreeabIy TO the laws of this Slate md
Ine Prac'ice OF such courl, before The cor.
pora'ion shall be declared dissolved no n
'ase OF such violation, every director who
'"roe paled in, or asscnled 10 The same. shall
70 neld liable In his personal and indy;lma
,aPacl'y' Tor all damages which the comma.
~; us shareholders, or any other persons
'ouy Poillc or corporate, shall have sustain.
20 IN consequence of such violation.
oEc' ~ Every President, Director, Cash.
=, Y. ieller, Clerk, Or Agens,.of any banking
who shall embezzle, abstract or
,'uu"y mls9ppIy any Of the moneys. funds
!, eIeu'S oi such company, or shall with.
'ui authority from the Gireclors. issue or M M,
Of tho notes Of such company. or shall /
u' IN circulation any bills or notes purpor,.
lg % oeIhe Circulating bills or notes of such
ank, oIher Than those delivered to sucb I
ank BY lbe Auditor OF State, as provided
u Oy ms aci. eilher with or wi.hom The I
unlorily of the directors, or shall wi,hou, 1
yen authority issue or pui forth any ceni6. a
A'e OF dePosi.I draw any order or bill of
Aaepange' make any acceptance, assign any +
o'c' bond, drafl, bill of exchange, mort. ;
age' judgments or decree, or shall make any :
use entry on any book, repou or slatemen, .
the company, with an intent in ,nher +
Ase 70 lnuro or defraud such company, or i
in'urc or eefraud any olher company, i
ody corporate or polite, or any individual il
erson' cr 90 deceive any officer or ngen, =
rpoinied to inspccl the affairs of any bank =
g company in tho Sln,e, shall be guilty. of =
misdemcanor, and upon conviction thereof =
lall DO confined In The Penilen,iury a, hard =
bpr, not less lhan five nor more than ten i
,ars. " y
Sac. 81. Il shall be the duty of the Au. al
Ior oil Safe TO receive inudated circula.
e notes issued by him 10 any of such ST
mixing companies, and 10 deliver in place le
croof other circulating notes TO an equal d,
Mount, and tho said muiIla,ed notes, al,er 10
pmoranJum shall have been entered In the m
oper book or books. shall be buried 10 az
hes by the said Auditor. in the presence Of c.
, Secretary Of SIute, and ,hc officer or to
EN- Of said company by whom the said la
ies shall have been delivered TO the said r
Idi,0r, and a. certificate OF said burning. so
med BY said Auditor, shall be made 10 he m