The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1851-04-16

and on each dividend day, the cashier shall
make and verify by his oath, full, clear
and accurate statement Of the condition oil
the company as it shall be on that day, af-
ter declaring the dividends, and similar
statements shall also be made on the first
Monday of February and August, in each
year, which statement shall contain, first
the amount of the capital stock actually
paid in and remaining as the capital stock
of the company; second-the amount of
the bills or notes Of the company then in
circulation, specifying the amount Of each
denomination; third-the greatest amount
in circulation at any time since the making
ofthe last previous statement as shall have
been exhibited by the weekly statements
Of the cashier, specifying the times when
the same occurred; fourth--the amount Of
balances and debts of every kind due to
other banking companies Of the State, and
the amount due to banks not Of this State:
ffth-the amount due to depositors; sixth
1.-The total amount of debts and liabilities
of every description, and the greatest
amount since the making Of the last pre-
vious statement, specifying the time when
the same occurred; seventh-the total
amount of dividends declared on the day
of making the statement; eighth--the
amount of gold and silver coin, and bull
lion belonging to such company and in its
possession at the time Of making the state
ment, designating the amount Of each;
ninth-the amount subject TO be drawn at
sight, then remaining on deposite with SOL
vent specie paying banks or bankers. in
the cities of New York, Philadelphia, Bos.
ton and Baltimore; tenth-the amountthen
on hand of BILLS or notes issued by other
banking companies Of this State, and the
amount issued by banks not Of this State;
eleventh--the amount of balances due from
other banking companies of this State. and
the amount due from banks not of this State,
excluding in the latter case, deposits in the
cities of New York, Philadelphia. Boston
and Baltimore, subject to sight drafts pay
able in specie; twelfih--the amount on
hand OF bills, bonds, notes and other evil
dences of debt discounted or purchased by
the company, specifying particularly the
amount of suspended debt, the amount
considered bad, the amount considered
doubtful, and the amount in suit or in udg-
mcnt; thirteenth-the value of the real and
personal property held for the convenience
ofthe company. specifying the amount of
each; fourteenth-the amount of real estate
taken in payment of debts due the COM
pany; fifteenth-the amount ofthe undivid.
ed profits Of the company; sixteenth-thc
total amount OF the liabilities to the COM
pany by the directors thereof, collectively.
specifying the gross amount of such
liabilities as principal debtors, and
the gross amount as endorsers or sure
ties; seventeenth-the total amount of
liabilities of the company of the stockhold-
ers thereof, collectively, specifying the
gross amount of such liabilities as princi-
pal debtors, and the gross amount as en-
dorsers or sureties, which statement shall
be forthwith transmitted TO the Auditor of
State.
SEC. "a. Every banking company deri-
wing any of its powers and privileges from
this act, may take, reserve, receive and
charge on any loan or discount made, or
upon any note or bill Of exchange, or 9TH
er evidence of debt, at the rate of six per
centum per annum on the amount Of any
such note, bill Of exchange, or other evil
dence of debt, so discounted, and no more;
provided, however, that interest may be re-
served or taken in advance, at the time Of
making the loan or discount, according TO
the usual rules of banking, or as calcula-
ted in Rowlett's tables; and the knowingly
taking, reserving or charging on any debt
or demand payable to such company, Of a
rate of interest greater than that allowed
by this section, shall be held and adjudged
a forfeiture Of such debt or demand, but
the purchase, discount or sale of bill of
exchange, payable at another place than
the place of such purchase, discount or
sale, at the current rate OF discount or pre-.
MUM, shall not be considered taking,
reserving or receiving interest; provided
no agreement or understanding shall be
made that the same shall be paid at any
other place than that at which it is made
payable.
Sec. 25. The total liabilities Of any per-
son, or company, or firm, including in the
liabilities of a company, or firm, the liabil-
tiles Of the several members thereof, to any
banking company herein authorized, inclu-
sive of liabilities as acceptor or acceptors
Of bona fde bills of exchange, payable out
Of this State, shall at no time exceed one
third; exclusive Of liabilities as acceptor
or acceptors, one-ffth, and exclusive oflia-
bilities on such bills Of exchange, one-tenth
part Of the amount Of the notes which such
company is authorized to circulate at the
time Of such liabilities.
Sec. 26. No banking company shall at
any time pay out on loans or discounts, or
in purchasing Of drafts or bills ofexchange,
or in payment of depositors, nor shall it in
any other mode put in circulation the notes
OF any bank or banking company, either
in or out of this State, which notes shall