Holmes County Republican. [volume] (Millersburg, Holmes County, Ohio) 1856-1865, 1857-05-28
NO. 40.

c Ohio, the amount due to either banks of the
State. and the amount due to banks not of this
# State,
rntn-Ihe amount due to depoators;
> Sixth-rhe total amount of debts and iabili-
!cs OIL every description, and the greatest amount
: sihce tne making ofthe last previous statement,
II my 'ne ume when the same occurred, as
K Seyenth-The total amount of dividends do,
4 clared on the day OF making the statement:
EIghth-Ihe amount of gold and silver coin
and bullion belonging to such branch, and in
t possession at the time of making the statement,
t designating the amount of each;
II Ninth-The amount subject to be drawn at
sight, in gold and silver, then remaining on de-
/, posit with solvent specie paying banks in the
cities of New York, Philadelphia, Boston, and
Baltimore;
Tenth-The 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; i@se al
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 lat
ter ease, deposits in the cities of New York,
Philadelphia, Boston, AVID Baltimore, subject to
sight drafts, payable in specie;
Twelfth-The amount on hand of bills, bonds,
or purchased by the branch, specifying particu-
larly the amount of suspended debt, the amount
considered bad, the amount considered doubt
full, and the amount In suit or Judgment;
Thirteenth-The value of the real and per-
sohal property, held for the convenience of the
branch specifying the amount of each;
Fourteenth-The amount of real estate taken
in payment of debts due the branch;
Fifteenth-The amount of undivided profits
of the branch;
S1xteenth-The total amount of the liabilities
to the branch by the directors thereof, collective.
ly, specifying the gross amount of such Iiabili-
ties as principal debtors, and the gross amount
rs endorsers or sureties;
! Seyenteenth-The total amount of liabilities to
the branch of the stockholders thereof collective
ly, specifying the gross amount of such liabili-
Ties as principal debtors, and the gross amount
| as Indorscrs or sureties; which statement shall
be forthwith transmitted to the Bank of Ohio
| and auditor of state
An abstract of every such statement, showing
the condition ofthe branch, shall be Immediately
published by the branch in some newspaper
printed in the county where such branch is Sit
| uated.
SEC 39 The general assembly shall never
impose any grea er tax upon property employed
| IN banking under this act, than is or NAV be
imposed upon the property of individuals
SEC. 40. Every branch may take, reserve.
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 centum
per annum On the amount of any such note, bill
OF exchange, or other evidence of debt so dis
| counted, and no more: Provided, however That
interest may be reserved or taken in advance at
! the time of making the loaBor discount, accord
ing to the usual rates of banking, as calculat-
ed In ROwlet's tables; and the knowingly tax
ing, reserving or charging on any debt or de-
mn tod or ab1caA hxr, hr,x
a rate of interest greater than that allowed by
this section, shall be held and adjudged for
feiturc of such debt or demand, but the purchase
or discount ofa bona fide bill ofcxchange or note
payable at another place than the place of such
purchase or discount, and the taking or reserv-
ing OF interest thereon at the rate aforesaid from
the time of such purchase or discount, until the
the maturity of such bill or note, shall not be
held usurious, although exchange on the place
where 1t Is made payable, is ut the time Of such
purchase or discount, worth premium; nor shall
the discount or purchase of a bona fide bill or
note, payable at a place, between which and the
place Of discount or purchase, exchange is in IA
vor of the place Of discount or purchase, and the
taking in addition to the rate of interest afore-
said, the rate of exchange between such places,
be deemed usurious: Provided, That no loan to,
or discount In favor any director or stockhol-
der 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 one-falf
of one per cent. shall be taken as exchange up
on any such paper payable in this state, and no
more than one per cent. upon any such paper
payable out of this State and in case shall
more than the current rate Of exchange between
such places be takan.
SEC. Al. The total liabilities of any person.
or CT any company or firm (including in the lia-
bilitles OF company or firm the liabilities of the
several members thereby to.any branch as ac-
cepter or aceeptors Of bona fide bills of exchange
payable out OF this state, shall at time exceed
one-tourth of the notes which such branch is au-
thorized TO circulate, exclusively of liabilities as
aceeptor or acceptors. ole-tenth, and exclusive
of all liabilities on such bills of exchange one
twentieth part of the amount of such notes.
No branch, shall, at any time, pay out on
loans or discounts, or in purchasing of drafts or
bills ofexchange, or in payment Of depositors,
nor shlll it in any mode put in circulation the
notesot 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 know
ingly pay out or put in circulation any notes is
sued by any bank or banking company which
at the time of such paying out or putting in cir
culation is not redceming its notes in gold and
silver, nor any notes issued by any bank out of
this State.
All notes. bills, and other evidences of debt,
excepting bills Of exchange, discounted by any
branch, shall be made by the terms thereof or bv
special Endorsement, payable solely to such
branch, and no such evidence ofdebt shall be as
sgnable except for collection, or for the follow
ing purposes:
First-To pay and redeem the circulating
notes of s,ich branch;
Second-To pay other liabilities Of such
branch and after such liabilities shall have been
discharged;
Third-To divide among the shareholders on
heir stock.
No branch. shall issue any certificate of demos
il, order, draft, bill of exchange, or other eyi.
icnce Of debt payable in currency or in anv-
hing less valuable than gold and silver cein, ex-
'ept receipts for special deposits; nor shall any
'ueh branch keep any accounts in currency orin
'nything less valuable than gold and silver coin,
Except accounts ofspecial deposits
No branch. shall be permitted. in receiving
oaymest at its banking house or other place than
Where the same was payable, Of any note, bill.
" other evidence of debt, due to such branch.
md payable at place other than at its banking
house, 10 receive IN addition to the amount of
ueh debt and the legal interest due thereon.
my sum whatsoever as premium, exchange or
manages: Provided, Nothing in this section
ontalned shall prevent such branch from receiv-
ng the damages allowed by law upop any bona
ide bill of exchange, duly protested for non ac-
eptance or non-paymeat.
SEc. ~. All transfers of notes, bonds, bills
'fexchange. and other evidence of debt owing
o any branch. or ofdeposits TO its credit; all as
igHments of mortgages or other securities on real
state, or of judgments or decrees in its favor:
III deposits of money, bullion or other valuable
hing for its use. for the use any of its stock
n1bera orr creditors. alI e