The Cadiz Democratic sentinel. [volume] (Cadiz, Ohio) 1854-1864, 1857-05-14

by the weekly statement OF The branch;
Seyenlh-The total amount Of divi-
dends declared on the day Of making the
sistement;
Eighth--The amount Of gold and silver
coin aud bullion belonging TO such branch
and 10 possession at the time Of making
the statement, designating the amount Of
each;
Ninth-The amount subject to be drawn
at sight, in gold and silver. then remain.
ing on deposit with solvent specie paying
banks in the cities OF New York, Philadel-
phia, Boston, and Baltimore;
TenthzThe amount then on hand
Of bills or notes, issued BY branches of
the Bank Of Ohio, the amount issued by
other banks of this State and the amount
issued by banks not Of this State;
Eleventh-The amount Of balances
due from branches OF Bank of Ohio. the
amount due from Other, banks of this State.
and the amount due from banks not Of this
State, excluding. in the latter case, de-
popits in the cities Of New York, Phiadel-
phia. Boston and Baltimore, subject to
sight drafts, payable in specie.
Twelfth-The amount on hand Of bills,
bonds. notes and other evidences Of debts,
discounted or purchased by the branch,
specifying particularly the amount Of sus-
pended debt. the amount considered bad.
the amount considered doubtful. and The
amount in suit orjudgement;
TbrteeDth--Tbe value Of the real and
personal property, held for the convent
ence OF the branch specifying the amount
Of each:
Fourteeulh-The amount OF real es.
tate taken in payment of debts due the
branchl
Fifteenth--The amount of undivided
profits of the branch;
Sixteenth-The total amount Of the liza.
bilities to by the branch the directors there
of, collectively. specifying the gross a.
mount Of such liabilities as principal debt
ors, and the gross amount as endorsers
or sureties;
S4venteenth--The total amount Of la
bilities to the branch of the stockholders
thereof collectively, specifying the gross a
mount Of such liabilities as principal debt
ors, aud the gross amount as indorsers
or sureties; which statement shall be forth
with transmitted TO the Bank of Ohio
and auditor OF state.
An abstract OF every such statement,
showing the condition Of the branch. shall
be Immediately published by the branch
in some newspaper printed in the county
where such branch is situated.
Sec 80. The general assembly shall
never impose any greater tax upon prop
erty employed in banking under this act,
than is or may be imposed upon the prep.
erty of individuals.
SEC. 40. Every branch may take, re.
serve. receive and charge on any loan or
discount made, or upon any note, or bill
Of exchange, or other evidence OF debt at
the rate Of six per ceDtum per annum on
the amount Of any such note, bill OF ex-
change, or other evidence Of debt so dis
counted, and no more: Provided howev-
er, That interest may be reserved or taken
in advance at the time OF making the loan
or discount, according to the usual rates
ofbanking, or as calculated in Rowletl's
tables, and the knowingly taking, reserv-
ing or charging on any debt or demand
discounted or purchased by any branch,
a rate ofinterest greater than that allowed
by this section shall be held and adjudged
a forfeiture OF suce debt or demand, but
the purchase Or dcount of bona fids. bill
of exchange. or note payable at another
place than the place of such purchase or
discount. and the taking or Ieserving of
interest thereon at the rate aforesaid,
from the time Of such purchase or dis
count, until the maturity of such bill or
note, shall not be held usulious, although
exchange on the place where it is made
payable, is at the time of such purchase
or discount, worth premium; nor shall
the discount or purchase Of bona 6de
bill or note, payable at a place, between
which and the place of discount or pur-
chase, exchange is 10 favor of the place
of discount and purchase, and the taxi
ing in addition to the rate of interest
aforesaid, the ratio Of exchaoge between
such places, be deemed usurious: Pro-
vided, That no loan to, or discount
in favor of any director or stock.
holder in which more than six per cent.
shall be taken, reserved or charged. shall
be forfeited. but The same shall be valid
against such party. Provided further,
That no more than onehalf OF one per
cent. shall be taken as exchange upon any
such paper payable in this State, and no
more than one per cent. upon any such
paper payable out Of the State and 10 no
case shall more than the current rate
of exchange between such places BE- Ia
ken. tH4
SEC. Al. The total liabilities Of any
person, or Of any company or firm (includ-
ing in the liabilities of a company or firm
the liabilities OF the several members
thereby to any branch as acceptor or
acceptors of bona 6de bills OF exchange
PAYABLE out Of this State, shall at no time
exceed one.fourth Of the amount of The
notes which such branch is authorized to
circulate, exclusively Of liabilities as &C.
ceptor or accepLors, one-Ienlh. and exclu-
sive Of ell liabilities on such bills OF ex-
change one twentieth part Of the amount
OF such notes.
No branch shall, ar any time, pay out
on loans or discounts, or in purchasing of
drafts or bills Of exchange, or iD payment
OF depositors. nor shall it in any mode
put in circulation tie notes Of any bank
or banking company which notes shall
not at that time be receivable at par
in payment Of debts, by the branches SO
paying out or circulating such notes, nor
shall It knowingly pay out or put in circu-
lation any notes issued by any bank or
banking company which at the time OF
such paying out or putting in circulation
is not redeeming iIs notes in gold and sill
yer, nor any notes Issued By any bank out
of this State