Smyrna times., 1857-10-07
DeIGaUGre affairs.

liam thompson, Esqr., has a very handsome
farm about three miles from Smyrna, on the
road to kenton. The original tract as pur.
chased by the present owner embraced about
$50 acres. He bought it from John FL rs0n
Esq, about ten years since. for 500 an acre anC
mas recently been offered $50 per acre. The
farms in the nnghborhood of Smyrna are uo
surpassed by any in the State for beauty of 10.
Gallon and productiveness of soil. They have
also the advantage Of one of the best market,
III Della The lberalIty of the merchants
who buy aud sell grain at Smyrna, ere entitled
to much credit for this important feature in the
business of the town. The people surrounding
the place are aware of this and appreciate very
highly those to whom they say they are indeb-
ted for the high prices they receive. 1t is well
known that corn and wheat frequently bring
a higher price at Smyrna than is paid for it in
this city.
Mr. Henry P. Massey has very handsome
little farm directly on the road flom Smyrna to
Kenton and adjoining that of Esquire Thomp-
son. Mr.. Nj. bought his farm SIX years ago for
S25 per acre. He has by great perseverance,
and industry made 1t very productive. His
crop this year is more than an average--and
his wheat of this falls sowing is already up d nd
presents the most green and uniform appear
ance any we have seen. Mr.. NJ. is young
and enterprsIng and applies an energy to his
business which is bound to tell, and also evIn-
ceS unusual knowledge Of the science in
which he is engaged.
Mr.. John +. Belts has commenced erecting
a fine barn on his farm about two miles from
Smyrna.
Mr.. Thomas Lamb, wins has fine body of
land embracing 100 acres in Kent county, on
the road leading from Blackison's x Roads to
Massey's II Roads, Maryland, is making ar
rangements for erecting a handsome dwelling
next spring. Mr.. l.. commenced to labor here
when poor man and made his first purchase
of $50 acres IN 1929 aud has gradually ex-
tended his lines until they encrcIe thousand
acres in one of the most healthy sections OF
Kent county. He may now enjoy the fruits of
his industry at his leisure. What he has done
may be done by others-our wide and growing
country affords like opportunities to every
yo, ng farmer who chooses to avail himself
| thereof
Charles |. DUPONT is having erected brick
building, ii by 20 feet, on his farm in the oc-
cupancy of William Banks, near New Castle,
which Will be used TO test the Chinese Sugar
| cane. He is also having erected frame build
ing IL by 20, for hen houses, and other purpo-
ses.
patent RIGHTs.--Dr. VIM. Fields, of Will
mington has disposed of the right for his patent
pump and hydraulic ram, for several states, to
gentleman in New York, for timber land on
the OhOope river, in Tatnall county, Gcorgia,
| estimated to be worth $4,000.
BANKs.-As Banks and their suspension form
the general topic Of conversation, we have con-
cludcd to give the public the law which governs
these institutions in Delaware. We quote from
the Revised Code, page 1913, as follows:
Sec. /. 1t is unlawful for any persons to as
soclate in forming banking company without
Incorporation and any persons who shall receive
subscriptions to the capital stock of such com
pany or shall subscribe for shares therein. sha Ii
forfeit and pay five hundred dollars to any one
who will sue for the same; one-half thereof for
the use of the State.
Sec. 2. lfany persons, members, or agents,
of such association, shall issue any bills, or
notes, in the nature of bank notes, payable to
bearer or order, or loan money upon actual or
accommodation notes, or receive money on de-
poslte, every such person shall forfeit aud pay
five hundred dollars, to be recovered am ap-
piled in section | is provided
Sec 3. 1t is unlawful for any person 10 pay,
| or receive, the notes OF such unincOrporat ted
bank; and all such payments are, and shall be,
void
Sec. 4. The preceding sections shall not ex-
tend to any partnership In a lawful trade, or
business, other than banking.
Sec. 5. 1t shall not be lawful to pay, or re-
celve, as money, any note, bill, check, draft, or
other obligation or paper, for the payment OF
money, issued by any company, or corporation,
not expressly authorised to do business as a
banking company; or to pay, or receive, as
money, any note, bill, check, draft, or other OBJ
legation, or paper, for the payment of money.
for less SUN than one dollar, issued by any
Al a.
any person offending against this section shall
be deemed guilty OF misdemeanor, and shall be
fued ten dollars.
Sec. q. Ii any bank in this State shall re-
fuse. or neglect, to pay in specie on demand,
any bill, note, or obligation, issued by such
bank when presented at the place OF payment,
the holder of such bill, note or Obligation sha
be entitled to recover interest on the same, un-
til it is paid at the rate ottwelve per cent, per
annum from the time of the demand.
Sec. 7. II shall be unlawful for any person
to pass or attempt TO circulate, within this
State, as money, or currency, the note of any
bank. or other corporation, out of this State, OF
a less denomination thaa five dollars, under
penalty OF ten dollars to any one who will sue
for the same.
The total amount of debts which either of
the aforesaid banks is at liberty to owe, wheth.
er by hond, bill, notS, or other contract, Ode |
posltes not lncluded) cannot exceed double it's
capital actually paid. ln case OF excess, the
directors under whose administration II was &c
casoned, are personally liable, unless absent,
or dissenting, and given notice OF the fact.
Each of said banks pays semi annually, to
the State treasurer, the rate of onestourlh ei
one per centum per annum on its capital ac-
tually paid aud the Bank Of Delaware pays,
in addition, like tax upon any surplus or con-
tingent fund exceeding twenty-five per cent, of
its capital OF $ll00O0. m