The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-09-30

~orkmsr that In fntue vsye~ -i be paid only auatsr
, the next ymert to be the i9.a OF Deco aosr I'd
In the meantime being made 10 them .. tho store
Of the werbs. Tfe propriesors say In their GARD
IL Is proesr 70 stale that ths plan Of payment now
sdopten mainly sro~s gu. Of the very mistaken practice
Of demanding OF the banks specie for the bills paid Out by
The baDss, In view Of this n,tart very
naturally prefer retain her BIDS in thsr vaults 70
hsuipg them for pay nnent TO our workmen.
The follow Massachusetts, banks have lately declared
semi anpusi dsidenos Of four per oentaount woss-
ton, ouincy; Brighton Bank BAror,a, io Bink Yarmouth
Bank OF Cape Cods payable October The Merchants
Bank Of Beton, 81 per oent; Boylton Bank, Az Rock
Land BsEs. RoxbUry,
The bills Of the Houesdalc Bank, Of Pennsylvania
still redeemed BY Asurs Carpenter vsrmiye OF this
city The bank mas not kopt account In Philadelphia
and is chief correspondence II with New York
The exports from Daltm ,re for the week ending last
Thursday ounted ss 1918 722 Included In this
i4b67 barrels Of Aour, Is SSa bushels Of whsa g.
barrels Of meal, 39 bushos OF corn, and ,s43
hogshe ads OF tobacco The wheat went 10 verpo,
with $500 basyes Of flour TO the port the fret
shipments OF this years. breadstuis from Ballim
Great Britain.
One or coemoorAyles gives the following synopsis
OF the new bank Law CT Onto which tho people of thu
State vote upon the second Tuesday or 90 ober
Il II called Gan 40! to Incorporate the Bank OF OH, ami
brAnches":-
A central cfnce Ard BOARD or Directors at Columbus
from which OF circulation Issued re-
spec branches aud sso rules for tho government
the branches and records for the exsm nation OF authorized
officers.
director must take oa.h gvo bond for tho
faithful discharge Of bis atty.
Each branch to pay ten PER cent It's circulating
towards safety fund for the sedem aon OF detaalag
bills safesy fund inyeued in stocks NJ State
Of the United staes and interest," 70 20 PAID over to the
All oASs or real estate payable on demand.
Crcunton Issued TO bran ches In decreasing ratio
each hundred tnOusand doiass Of capital Refusal TO
dee IL Or Any branch shall BIO OF insol-
venoy, ana Tie censr .l banf snsil wind tnp"
Each solvent branch shall contribute its proportion 10
psy broken notes, and be compensated afterwards from
she safety fund when SEQ rites arc aid.
Parent bark a? establish deposit OH ,es In other places
and nearr n usc al Columbus.
An Office 10 be esiAb shea In New York for neccssay
receipt ard dikour, ements
No brapch to have 800 600 capital one half
NJ least 10 be pad IN ,cin or gold o, silver
No branch shall be organized Id Hamilton county (Oin
ies,er nmcuns IN other ooDnies.
Any s1is,rg Of the tate Rank o, Osio or auy
authorized Zee bank may become brAach by conform
No .hsehoder to receive dividends while Indebted 10
The back
tho directors OF each bank shal collectively least
one teBsh II iG HsO0k
stockhoders collectively any branch no, to have
osns ni:d OF les &c al, either pncps
dorser, or both Nor sha dir ecors liable col
eoiivey for more than third or stock OF which
ssey are bona fds owners"
mo oiIcaated evidence OF money except
those regularly ssued by tEa Bank or Ohio"
Each psnk 'etsive the n0tes OF al the others a par
IN payment of debts
Eaih keep hapd 80 per cent OF it, crcuA.
alon In coin or ia equvAen Actual deposits In phiA
osi-ha New York, Baltimore ami Boston to DO deemed
eqp,p aleut Ia spscte
a In.rcst limited e six per cent
Stockholders individually daple 70 tho amount OF their
stock.
Talco.t or Oswego, has b.en appointed BY tho gu
prsne Court receiver Of the Agricultural Bank Of Herki.
mcr and the DaIrynens Bank Of Newport Those banks
connected In hr busness, and their a.
tcrnate srspen,on attributed TO false stories circulated
70 their oscrest Their assets believed 10 BIO pie
protect ihei creditors In every depart nent the CAPT
OF The Agricultural Bank $i25 900, and ito circuis
lion 500 1885, and the securities depoaed with tho de-
padms nj were:-
New Ysrs state stocks, per cent ............ $500
New York state STOOLS, per cent .......... 1900
Total. SOL os7
The capital OF the DNrynens Bank 500, 900 and tia
circulation SOS SAL The securities are;-
bonus ara m0FtgsSW T51D
Ne~ Ysrb STATE ocks, per cent. ........... 5000
Nov York Stale st. CAS-, BY per oent.......... 5000
New Io'k stase st cks, ror cent. ......., % 900