True American. [volume] (Steubenville [Ohio]) 1855-1861, 1856-04-30
VOLUME NUMBER n.


sidered bad or suspended debts, within the
meaning of this section.
SECTION "a. The directors Of each
bank shall, semi-annually on the first Mon
day in May and November, declare divi-
dend of SO much of the net profits Of the
bank as they shall Judge expedient; and, on
each dividend day, the cashier shall make
a full, clear and accurate statement Of the
condition of the bank as it shall be on that
day, after declaring the dividend, which
shall be verified by the oath of the cashier,
president and majority of the directors;
and similar statements shall also be made
on the first Monday in each month, in each
year, which statements shall contain, e
First--The amount of the capital stock
actually paid in, and then remaining, as
the capital stock of the bank;
Second--1'he amount of the bills or notes
of the bank then in circulation, specify.
ing the amount of each denomination;
Third-The greatest amount in circula-
tion at any time since the making Of the
last previous statements, as shall have
been exhibited by the weekly statements
of the cashiers, specifying the times when
the same occurred;
Fourth-The amount of balances and
debts of every kind due to the branches Of
the bank of Ohio. the amount due to other
banks of the State, and the amount due to
banks not of this State.
Fifth-The amount due to depositors;
Sixth-The total amount of debts ant
liabilities of every description, and the
greatest amount since the making of the
last previous statement, specifying the
time when the same occurred;
Seventh-The total amount of dividend
declared on the statement;
Eighth-The amount Of gold and silve
coin and bullion belonging to such bank
and in possession, at the time of making
the statement, designating the amount O
each;
Ninth-The amount subject to be draw
at sight, in gold and silver, then remain
ing on deposit with solvent specie paying
banks or bankers, in the cities of New
York, Philadelphia, Boston and Balti
more;
Tenth-Thc amount then on hand, o
bills or notes. issued by branches of tn,
bank Of Ohio, the amount issued by othe
banks of this State, and the amount issue,
by banks not of this State;
Eleventh-The amount of balances du,
from branches of the bank of Ohio, tn,
amount due from other banks of this Stat,
and the amount due from banks not of thi
State, excluding, in the latter case, depos
its in the cities of New York, Philadelphia
Boston and Baltimore, subject to sigh
drafts, payable in specie,
Twelfth-the amount on hand OF bills
bonds, notes, and other evidences of debts
discounted os purchased by the bank
specifying particularly the amount of sus
pended debt, the amount considered bad
the amount considered doubtful, and tn
amount in suit orjudgment;
Thirteenth-The value Of the real an
personal property, held forthe convenienc
of the bank, specifying the amount {
each;
Fourteenth-The amount of real estat
taken in payment of debts due the bank;
Fifteenth--The amount of the undivide
profits of the bank,
Sixteenth-The total amount of the lis
bilities to the bank by the directors thereo
! collectively, specifying the gross amount I
such liabilities as principal debtors, an
the gross amount as endorsors or suretie,
Seventeenth-The total amount of Ii,
bilities to the bank Of the stockholde
thereof collectively, specifying the grol
amount of such liabilities as princip
debtors to the bank of the stockholde
thereof collectively, speciyingthe gro
amount as indorsors or sureties; viii,
; statement shall be forthwith transmit,
to the Auditor of State.
An abstract of every such staiemel
, showing The condition of the bank, sha
be Immediately published by the bank
, in some newspaper printed in the count
where such bank is situated.
SECTION 25. The general assembl
= shall never impose any greater tax upc
s property employed in banking under III
' act, than is or may be imposed upon Il
property Of individuals.
Section 20. Every bank organize
: under this act may take, reserve, recei,
and charge on any loan or discount mad
or upon any note, or bill of exchange, {
! other evidence of debt, at the rate of 81
4 per centum per annum on the amount
d any such note, bill Of exchange, or 9th,
8 evidence Of debt so discounted, and Z
] more; provided. however, Iha. inlere
may be reserved Or taken in advance al 4