The Tiffin tribune. [volume] (Tiffin, Ohio) 1848-1859, 1857-10-09
RLEss E0R mum, FoR cor, AND nUMANIrY
TIFFIN, OHIO, FRIDAY, OCTOBER ., 1857.

o that Is 10 say,
Firs,-O6 acrouut Of i,s notes Of circulation.
@ SeCond-on account of moneys deposited with
3 or collected 10y such hranchi
Thirl-On ecr0untioi bills Of exchange OF
o drafts drawn Rgaintt money uc,vally on deposit
TO the credit OF, or due TO such branch
Fourth ~ Liabilities 70 is stockholders on &C.
count OF money paid ins on capital stock, divi
b dtnds thsreon. AID undivided pr0fu.
Nor shall any hfanch either directly or indi
, roctly. pledge hypothocato or exchange ant OF
uotoh of circulation for the purpose OF procur
ug money. TO be paid IN he capital stock, nor
pledge or hypothecate directly or Indirectly any
ofsuch notes 20 be used N us ordinary banking
operations
Sec. "a. No branch shall during the timo u shall
continue its opuUtOns ns hrtnch withdraw or
permit 70 he withdrawn either In form Of divi-
dends loans 10 stockholders, for a longer period
Of time than four months, or in any other manner
amy portion ofits capital stock aud u losses shalt
ut any time have been sustained by any branch,
equal 10 or exceeding its undivided proiNs then
on hard no dividends shall be made aud no divi.
! dcnd shall ever be made by amy branch, while t
shall continue Us banking operations, to on amt
greater than its net profits then on hand, deduct.
ing thcrclrOm rs LOSSES and bad aud suspended
debts and all debts due TO % branch, ON which m
tcrest is past due and unpaid for period OF six
months, unless the same shall bc well secured,
and shall be in the process of election, shall be
considered bad or suspended debts, within IN the
meaning OF this section ,
Sec. 3S The directors of each branch shall,
scmi-annually on the first Monday In MAY and
November, declare dividend of so much of the
net profits of the branch as they shall Judge ex.
pedicnti aud on each dividend day, the cashier,
shall make a full, clear and accurate statement
oflhc condition of the brunch, as Il shall be ON
that day, after declaring tie dividend, which shall
be vcriiiodhy the oath of the cashier, president
aud two Of the directors; and similar statements
shall also bo made on the first Monday In oach
month IN each year, which statements shall con.
tain,
First--tho amount of the capital stock actual.
ly paid In, and then romainingas the capital stock
{ Of tho branch;
second--tho amount Of The bills or notes tho
branch then In circulation, specifying the amount
= of each denominations
Thd- the greatest amount In circulation a
|. any time since the making of the last previous
statement, as shall have been exhibited by tn,
i weekly statements of the cashier, specifying Oh,
r time when The same occurrcd,
y fourth-tho amount OF balances and debts o
j. every kind due tO the branches Of the Bank q
y Ohio, the amount due 10 the othcr branches o
y the State, and tho amount due to banks not o
4 this States
I Fiith-the amount due 10 depositors
Sixth-thc total amount of debts and liabilities
Of every description, and the greatest amoun
4 since the making Of the last previous statement
O specifying the time when the same occurred, nj
e oxhibitedby the weekly statement of the branch
,. Sevcnth-thc total amount ofdvidcnds dcclnr
e cd on the dny Of making the statementsi
Eighth--the amount of goldn silver coin AM
y bullion belonging to such brunch, aud in possess
!, ion at the time Of making the statement dcsgna
y ting the amount of eachi
I, Nintll-thc amount sub cct 10 be drawn at sigh
in gold and silver, then remaining on deposit viii
10 solvent specie paying banks In the cities OF Ne,
/, York, Philadelphia, Boston and Baltimore;
J. Tentf--the amount then on hand, Of bills o
t. notes, Issued by branches of the Bank of Ohio, th
ID amount issued by other Banks of this State, am
n the amount issucdby banks not of this State;
rs Ecycuth--tho amount of balances due flon
~ branches Of the Bank Of Ohio, the amount du
y, from other banks of this State and the amount du
~ from banksnOt Of this State, excluding, IN ul
a. latter case, deposits in the cities Of New Yorl
n. Philadelphia Bostonan Baltimore, subject to sig
py drafts, payable In specie.
N Twcllth-thc amount on hand Of bills bond
O. notes and other evidences Of debts, discount,
Ms or purchased 10y the branch, specifying particula
nm ly the amount Olsuspendcd debt, the amount col
DO sidcrcd bad, the amount considered doubtful, an
OF the amount in suit orjudgmeut;
y Thirtecnth-tho value Of the real and porsol
H. al property, heidi the convenience ofthe bmnc
>" specifying the amount of each;
IN Fourteenth the amount OF real estate take
70 IN payment ofdobts due the branch;
Ia Fitcenth-the amount Of undivided profits
10 the brunch;
g. Sixtecnth-the total amount Of the liabiltiC
ts to the branch by the directors thereof collective
= y specifying the gross amount of such linbiitiS
"a as principal debtors, and the gross amount as oi
~ dorsers or suretcs;
" Seyenteenth-the total amount Of liabilities
" !, the branch Of the stockholders thereof ooeotv,
of ~ specifying tho gross amount OF such liablitit
70 ~ principal debtOr5 and the gross amount as ei
4 dorses orsuretiosi which statement shall be fOrtl
Mt With transmitted 10 the Bank of Ohio and Audi
IN or Of State.
o. An abstract Of every such statement, shOwin
s, the condition Of the branch shall be mmodiatel
I'd published by the branch in some newspaper prin
ssr cd in the county where such branch ssltuatcd.
y Sec, 80. The general assembly shall neyerin
~ pose any greater tax upon property employed
as banking under this act, than Is or may be imp0
Of ed upon tue property OF such individuals.
c. See. 80. Every branch may take, reserve, n
~ ceiye and charge on any loan or rdscounemade,
IN upon any note, or bill Of exchange or other ey
Mt dence OF debt so discounted, and no mOre' Prov
en- ded, however, that interest may be reserved {
d. taken In advance at the time Os making the loa
n Or discount according to the usual rates of banl
~ ing, or as calculated In ROwletts tables; and the
~ knowingly taking, reserYing or charging on an
" debt or demand discounted or purchased by an
~ branch, mte Of interest greater than that ALLOW
va ed by this section shall be held ana adudgcd
A. forfeiture Of such debt ordomand but the purohli
es ordiscount Of bona fde bin Of exchange, or moi
nl payable at another place than the place OF sue
to purchase or discount, until the maturity Of sue
ls bill or note shall not be held usurious, althoul
exchange on the place where Il Is made payabl
OF Is at the time OF such purchase or discount, wort
q premiums nor shall the discount or purcha.
~. Of bona iide bill or note, payable at place, b.
y. tween which and the place Of discount orpureha
m. exchange in fayoy ofthe place Of discount or pu
eh chase, and the taking inadditon to the rate of \
he terest aforesaid the rate Of exchange between su,
places be deemed usuious Provided, thatno loi
az 20, or dseountin In favor ofany director or stoc
y. holder in which more than six per cent. shall
W taken, reserved or charged, shall be forfeited,
OF the same shall be valid against such party. Pr
o' vided further; thatno more than one-haf Of Ol
y per cent. shall be taSen Is exchange upon Of
such paper payable In this state, and no more thi
"a. ono per cent upon any such paper payable out
ar this state and IN no other case shall more thl
,st the current rate of exchange between such pac
ng be taken.
IT. Sec. Al. The total liabilities Of any person,
he any company OF firm Qncluding in the liabiti
es Of the several members thereof,) 10 any branch
Ia acceptor or acceptors Of bona ide bills OF g
~ change paable out of this state, shall at no .in
ol exceed e-lomth ofthe amount Of the notes whit
,s such branch Is authorized 70 circulate, exolusiy