The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1856-07-23
From II, Standard.
SUPREME COURT -IMPoarANr D1cIsIoS
STATE Us. Mafthecs.

lSUPREME COURT IMPORTANT DECISION.
STATE Us. Mafthews.
Indictment from tie last Cumberland Supe-
rior Court, his Honor Juwt CALDWELL pre-
siding --lhl- was an ln,i,,tnrni against The
! irmi.ni inI pass,ue bank nuie, issued hy the
Bunk ol Fssrt rsl II, 81 = nomination less
than tilr DOLLARS. az unsi the inrn nf The At
III t.semht Tie lacis as alleged IN the in.
dtrtnrui, were agreed ~ b. taken as true. and
lie i, qiIr. inn raised aud considered was 4.
10 The suifi'arncy nl the fats ~ pnInt ni law,
% a,lthni-p the judgment nl ihe Cnnit; the
def. ,iant rontrns tial no Judgment could
h. passed npun him arcnolns 10 the ca.e
agreed.
The fnllpwIng clauses 0l The Revised Cede,
chap. sc. arr nat,ial t. lhr proper undeislai,-
ding ~ this ease, VIZ:
..SGc 5. M bank. ualps. pla-ls and rx-
pres,is alio~td IS ~ I'll r'rt, -l,all make %
I.snr apv ninr, bill, cIerk. dra.I, nr.ler, ac,
know le,lgmrn' ni md b'rnrss, m crriltirar
ol dppnsne, FIR lrs- -un tlan lhr.e dniiafs,
an pa y 81 bring he med L, have ,lpa'rd its
rharlrr; AID, 10, rovrr, 81 inrleiting aud payiag
70, each III. The sum II fifty dollar-.
"SKc a. N,cnfpm ttion wnairsrr, which i
all we'd m iscsIvr IN ,ray nn drpnsr, shall u IKE.
ISSUE. nr ,ltiyer any ceIihcdtr, or acknowledge
mrut 81 drp,sm ! = sum than ihr Ill
.ar> uor -llsll IN ks, Issue, ~ deliver any snci
rrIniiraIr m acknowledgement ol Indebtedness. Tor
any suB ahairp4t, wnl the intent thai The
same stall he rhculiir,l as mniry. on pan nl
briue l-linei % riier cis. 10 nave violated lis
rlanr Z aud, mn,save ~ Gnfsit.ng aud ply-
a.. .f..tl.
..Skc. 5. y person or cprpIralton, priess
III. .s,ilr he t,prr,sly allowed hy law. s'lll Is-
SOC ~, D II, ,iar hlii. ofier. lIrkri, crfiilrai-
~ deposit. p,uni>>Hy nnir. az nhll!ali"n, OF
an, nshef kmd nl .ecuiilg. iale,er may bs III
l.rn IL nanr. 9Th lie mirnt rlaI the sane
-h+ll eirHi - - pc. - ii,r representative al.
m ~ statue inr, money, IN pam u inrlaii-
in9 asi p.xi lnr .eh niirnre lhr stm 81 lilly
dnllais: sal u the pa " niirnilng he corp "a
IN ~ 4 :, Il ins lrsnri L. have u lair ~
riaaei. And every person offending against
ths .artInn, nr aiiing assisting the en-. shell
iis.@l,. +, deemed gully ni 4 mi.ilemranor.
:. Ec. 6 M person 90 corporation shall
pas ~ Isctiv., j. the representative ~, or -
Ihr snh>Wus E,r. money. any such hill. .herk.
r.,illirsie, pr.,n.snry npir, or n,hsr serarlIy
oi IA" ksni nPniionri IL IA : rhsp,rr. whether
". same we're issued Wihn ~ wiiilnut 2
I S,an. AID an, person nT rptpn, ,tion. aud the
riIic.ts aud aprn,s ol such ,pnralnn anl,ug
i rr,el,, VIM -ia'l rilprd aga,nsi thi. s,ri,,n.
sE,ll lar every suri, nfl.ne { tlrit aud pay ~.
i ,,lat-, sml sh,ii, Tnicntrr, b. dtrin'h gully
I 1T 4 niI.t .tl-mrau I.
i SIC. rlt pnhir itessutei i het bt d..
recr,l 10 ~ trrrit- iepay ntaiui pnfi' ttyr..
+ he nnI. II az, htns 10 ne S,he ,llt rs.ne-
hs VI = ,irpnlnnt I'm le-. i.tan three ,lnlls -
liz II NOR g,,c iGt mrni lm The Safe.
from ehIrh deirnllnl arpral,tl.
Ary-ag Grnt-ui AMI Mare for the state.
/ o J-,es and SaepL,rd lor the defendant.
n PEaasnN. J-l'hr qnrsiion pres. ntcd hy
The ease aill he considered under three heads:
Doe. the charter 1uthorizr fhis hank to issue
unc dollar nu,r. for circulation a, ,hr ~.
preventative of nr ~ substitute fpt none, !"
Had the Legislature power tn prohibit tie
circulation 81 such nnie,: Was II The in'rn.
iinn oi The Legislature b, the 56ih chap
Rev. t'oie. tie Currency to exercise thi'
pns.r IN regard to thu nuies of the bank O
fa,eiir.il;rs
/. There il no clause in The charter shicl
IN snnanS words authorizes the badk To i-su,
nutes for rmcnlaiiun ~ mnney. The char
Ter cnicrs banking pnNers ia general terms
in one clause "biil, az notes" ISSUED by or
der ~ the cnipnralin promising IL pay ma
nry o an, person u, bearer. are mentioned
III another clause the bnk is repaired . fur
, nlsh the Public Treasurer, once in III
muntns, with 4 statement II hr tash nn hand
+. nnies III circulation" Sc. All the banl
charters in this State arr wpriled much in th
!. same way. The charter u ihc bank III ih
United States obviou.ly w,s the migina
from which all The rllariets are directly .
indirectly iaken, and III none j. tile power Il
issue tntes lur circulation given IN terms an
: morr direct. 80 there can be no doubt III
i charter dues crnIrr The pUurr 20 issue notc
4 for circulation as ninnry. ~ the act ai 1871
!. REV. stat. ch y. 81. sec. 9O,) PROHIBITS al
? person or corporation lrum issuing /" nuie
: commonly called bank mites" uf any ,alu,
u with the intcntinn that the sape shall eircu
/. late NJ manpy, "wiihoui The authority Of III
Il legislature first hal" i is somewhat strang
that the craftsmen oi these several CharieI
J. were cuntcntto leave the authority depentet
). upon general terms. The omission To ri,
. the power IN ioidem rsrbis can only be st