Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1858-08-04

The ROgrsve Independent notices the appearance Of $50
counterfeit bill the Bank Of Ashland Ky Of the following
scrptiOn
Paper yellow, rather dark and rough vgnee train Of
and bridge upper left Csys head the lower right
hand corner bal likeness general execution 50 complete that
bankers here and elsewhere have mistaken them for genuine bills
young by the Of s. H. LEvEsEY, Of Hancock
county, Rogese the 18th ult, and held to
bail appear the Of the Circuit Court, to
charge Of passing some Of these bills.
The Memphis papers state that the banking house belonging to
the Citizens sold auction the Dist ult
brought the Of s95O payable the notes Of Citizens
Bank. J. h the purchaser. 1t will
bed the Investigating Committee valued this property
The Memphis Eagle and Enquirer, Of the ls Inst says:
We that ago levied
on property by bhoders Of the Bank and also that
several attachments issued from the Chsncy Court have been
morning, before BY Col Locke shers Powell
levied four ws Of attachment eturnAhe to the Common Law
Court, for the aggregate sum Of about $500.
According decision Of the Supreme Court Georgia
On the of the BHoder of the Planters and Mechanics
Bank Alexander J. RoberOn), all suits against Bank
Stockholders terminate with the expiration Of the charter Of the
Bank and that the expiration Of the charter the Stockholders
are from s liability pay the bills other debts Of
the Bank This being the law Of Georgia. important
to those who the bills of the State to know
when their charters expire
The Macon Telegraph in reviewing this decision says:
the of the Bill Holders of the Planters Mechanics
Alexander j. Robertson, from Columbus
decided Judge LumPkn dissentng that all suits against
Bank or Stockholders with the expiration Of the
The charter Of the Planters Bank
having expired 1857 the Stockholders thus from
liability pay the bills and other debts Of the
Without pretending to discuss whether this decision be we'll
founded not in law, appeal to the next Legislature pass
making the Banks and Stockholders liable the
expiration Of the charter II this DONE and the decision
Court stated above, is to be the invitation to
expand their circulation, increase their debts
with their assets, and when the charter expires the
Ous bhoder whistle for his When private ci
dies his debts do die with him, but his liable
the last farthng Why should Bank released after
from the payment Of its debtsl
This may founded law justice empha
icay deny The Banks should enjoy privileges and mmu
mites Of exemption from liabilities other than the humbest c
and the law which such exemption should be repealed
and call the attention Of the Legislature
that st the next session usce win DONE
fall We understand that Mr. Doughery, counsel, has
about two hundred pending in Muscogee Court against
Stockholders Of broken Banks but by this decision they all by
the hoard
The decision in this changes Judgment of the Court as
rendered when Judges Warner Nbet Bench
when the question before them case So
60. Oh, the glorious uncertainty Of the law.
The official report Of the Investigation Committee appointed
by Legislature Of Pennsylvania investigate the affairs o.
certain Banks in State following mention of the
system Of bank note reporting
It the public that mention should be made Of svs
ten of bank reporting present rGcticed. Exhibits
were letters circulars, &C. from publishers reporters
the requiring immediate correspondence personal
visit 70 make arrangements the alternative would pro-
and Ould be sunshine loih neglect or dental
instant UHd6rs Of tsfr Indignation Asfds from their
perfect description Of commercials many Of lfch
issd their contents huIf Quotations that depend upon
worthy Of public confidence but should be entirely dgsed
This furnishes the secret Of the large number Of Bank Note
RPOaT md ERE PsRsatVRs tat bare made Aeg pPPeaE,