The Ottawa free trader. [volume] (Ottawa, Ill.) 1843-1916, 1853-07-09
Ihe Sl,innlnster Law.

THU, law. which passed the Legislature last .'
,sr oo,s into ,ifec, en- The l,t day Of Angus =
provides;
lt That DO bans can organize before Ane
r,nnany or bankers have frs; deposited win The
state auditor public stocks to the snm OF $4,000;
and in no period u its cxl.tance shall its capital
stock be less.
a. No bank shall emit, pay cut or receive
any other bis than those cvunefsisned in The
auditors caice. and Of the denomination Of 50
and over, on speice paging banks out ot The slate
aod nny bank violating these provisions, shall
forfeit aud pay to any one who shall eue Tor the
same, the sum Of $50 tor each i!!esa! bill emit.
Ell, passed, Of received.
81 That any banker or othes person ''sr'rs
bills contrary TO the provisions Of this act. may be
indicted and On conviction shall be Imprisoned in
tie county jail no, more than ole year.
An. Onrepreseutalou to any one Of tie Ban"
commissioners that q certain bank, or corporation
&c has issued bill. prohibited " this ae;sthr
commissioner shall proceed without delay tolr'
yes,isa,e tho matter, and
5h. IT, on examination it appear that the
bank or corporation has been sai!'y OF Violation
If This act. then tie said bank shall lie put into
liquidation.
Ga The Ba4b Commissioners, sail 'ase aud
subscribe an oalh Of cii;e aid lie the same viii
the Secretary Of STATE.
7th. Every payment made, in whole or IN part
in bills or other paper, the emitting or We u
which i. prohibited by Ibis act lvIz-all shin
pla.ters and foreign bill, under tie denomination
Of $50 shall be wHr'y nall end so'd, aud 'Ae
person or corporation TO whom such pay '"eh'
may have been made, may sue aud recover upon
he original contract, or cause Of action, Ia tL1
same manner and IN like effect. as j no Sa'h
payment had Je0I maxi
3A. ~ action slAH he maintained IN any court
Of this state, upon any contract, expressed VI 'h
piled, the consideration Of which, the whole OF III
part shall 10 az bill nele cheek, dTa!., or c'he'
instrument or paper, the use, receipt, q em'''
sion OF which is prohibited by this act, but the
same shall BE- adsjscd to Ie utterly na.! aud
void.
e.h Ia a.! sl.is aui.ing out q violation Of
this act, the plaintiff and del,ader' sA@.. he
competent Witnesses.
loM This aA 10 ,aLu .a.c. the Isl Day Ct
Aug next.
As the time, Wien til, lAw Is to take eject;
is rapidly approaching, it would be well for al.
Who have any q lie money declared by 1t Il!
legal to get rid q j.,
A.the sane tia, be cure to rid yourselves oil
all Atlanta money II is a dangerous" W'lde cat
and the soolsr you get rid OF It, 'H' SAFER
YOU are, Tie msleuy srsgs Of George SnIN
ior the last year. l4vs teen such as to create
the impression, generally, among mon'ed men
chat he is no ioaq1y sa}t! lIia attempts to
syads the banking law. show that he lad not
the means 20 redeem lis Wsco usin Matne and
Fire Insurance money. Ills AtaiaHla moaey has
been issued for that purpose IL, buys UP BIS
Wisconsin hills by paying Atlanta bins Tor them
But how is lie to gedse'a lie Atalanta Nl!lSi We
know 0! no other way than by breaking burst
Ing up.
We understand The Rock Island Railroad com
pany pay this money 10 their hands. II they a'
sc, they deserve the se5eresI denuciaiion. Their
is some f5a, trick in it, 20 take advantage OF To
poor laJoier, who, unsuspectirg, take' tho wax
trash because be has thus far been able to go
I'D Of it.
The Rotk Island T. i, Co are rich. ard Al
Just rs well pay on. good money as bad, az ae
ecncy requires tina; they should. The Interest .
the country also requires it. By forcing Ills Tres
upon their hands, lhey ALTO crowd II upon eoni
munity. which, Win .he crash coEss Ti!! l.
equally the suGsrerA