, 1861-02-06

trail i. r. Co., and sunptuous car Of that
corporation stands on the siding at this station
for their accommodation. Rev: John l.
Smith, DR.. O. L. Clark, and Albert S. White,
II c., all from Indiana, arrived to-day. They
press the cllims Of Caleb B. Smith with good
degree Of pertinacity. viii Cumhack left
yesterday. Heis figuring for Mr.. Coifax
mr. L1ScoLs's MOVEMENTS.
Warren Leland, Of the Metropolitan Hotel,
was here yesterday to prevail upon Mr.. Lin
coin to stop there while in New York. Mr.
Lincoln referred him to HI. W. s. Wood, Of
Ne"- York, who has volunteered to act as bis
courier on the trip to Washington. It is
hardly possible that Mr.. Lincoln will be
able to aroid making the tour Of the
principal Giles Us far East as Boston,
and thence to Washington, 80 nnmer-
ous and pressing are the invitations extended
him. 4 reporter Of a prominent Eastern
newspaper now here says openly tina. lie has
been Instructed to make big thing out Of his
last week in Springfield; so look out for sen
sation dispatches.
NEW BASK BILL.
4 new bill amending the General Banking
Law was introduced by Mr. Mack yesterday
and distributed. 1t is as follows:
4 BILL for an act 10 amend the General Bank
Ing Lar tn such .adn'er os to afford greater
ARTICLE ONE.
Section l. Be II enacted By tie Ptos;e of ts STATE
Of M;neis, represented IL 6te GfneTol Assembly,
That the stocks which banks DOW or hereafter to
be organized under ihc general banking laws Of
.se:u1iy fur circulating noies to be itsued there
on, saau be the stocks Of the State Of Illinois, and
moo thcss aud 1t shall be lawful for the auditor to
receive said stocks 1t their par Salue.
SEC. 2. Nhcneycran bank, now organ! !:cd undcr
the general banking laws OF this State shall be de-
sIroIs Of exchanging arg Of the stocks deposited
current market value OF which for tbs last two
jea-s have been below par, for the stocks Of any
ta1e or of the United States, the average carrcnt
market yaluc Of which for the lass two years have
been above or equal to par. it shall be for the
auditor 10 make such exchange, and receive the
latter etocks at their current market value, not e1
SEC. 3--Whencycr .(after the first day Of July
next any Of the stocks deposited by any bank III
the stato with the auditor for banking purposes
for sixty days below the rate At which the came
were depoeited and circulation issued thereon, it
shall be the imperative duty Of the auditor to in-
fciency either 6y return Of its circulating notes
OF By I. deposit OF additional stocks; and Il, upon
due notice, Ench bank shall neglect OF retuse to
thirty days, it ehasl Tor such default, forfeit It's
charter privileges and b. put into liquidation By
tho auditor In the manner now provided by law, In
case 0! failure to redeem tts circulating notes on
SEC. i. While anE bank Is under protest for a
failure to redeem Its circulating not:s on demand,
ry o. IN process Of Iluidalion it shall be lawful
Tor the auditor to SELL without notice, and deliver
to the holder Of any Of the notes of such
Il In.. ttaIt H7r,t
With the said auditor for banking purposes; the
anount If securities to be sold and delivered as
aforeeaid to bc in proportion to the amount OF cir
cu1ating notes surrendered therefor in the same
nrpnoripn that the whole amount Of securities Of
tuch bank, deposited with the auditor, estimated
nj their cash value at the time Of such delivery as
then outstanding: Pynrided, that in no case how
ever sual the auditor deliver to the said holder az
aforesaid than the par value Of the circulating
,hus pnIcj1asci by and delivered to such holder
shal BE- in full payment OF the said notes returned
| therefor: And pTocided further, that no bank IL
ijah,e 10 have lbs bonds sold to redeem Its circu
latInr notes, while tn default Us Aforesaid except
In the manner provided for IN this section, untt
after tho expiration OF tix months from me pas
SIc 5. All banks IN this State whose circulating
notes shall, within sixty days from the nassa o o
poett With the anditor shall not be liable to be pm
In liquidation have their stocks sold FOR 1ail1r'
| to redeem their circulating notes on demand 10
six months from and after the passage o. This act
PFptidtI, That in caRc, ut any tune duf1ng m
eaid six months, said banks shall again become de
preeiased in value fur ten days. such depreciation
ehasl be nadc up, upon notice from the andltof
within ten days or the bank shall Immediately for
felt and be deprived Of all the privileges ana OF
emptions Of this section.
Sec. 6. Protests for nonpaymcnt Of the circula
ting notes Of any bank in this State: may BE- mad'
by any notary public In this State: Ptoptdsd, Ina
fn case such notary public shall be IRON sny 1oi
| HfN RrSNh ht,rx@f ~
der oath, BY such notary before the cirtnit clerk
the county In which the protested bank is located
or the county clerk or Judge OF the Circuit court
| said county.
SEo !. Il shall not be lawful hereafter for an
master In chauccry In this State to grant io]unc.
tfons to restrain the auditor from Pntung any ban
into liquidation for failure to redeem Its ct1cnA
| ting noteE On demand
SEC. s. Whenever application ehall be made t
any Judge In this State for an injunction to rtstra1
/ the auditor from putting any bank into l!quidAuo
for tailurc to redeem Its circulating notes on d
| mand, and after protest OF the tame, such todss
shall not allow said Injunction unless It shall 6
| application is not made for the mere purpose :
delay. but It is based upon sufficient legal or cgui
able grounds, and that notice has been served upo
| the auditor Of the lime when. the place where, hn
judge before whom, such application will be mad
{ ARTICLE TWO.
} SEC /. Every bank now organized under It
I'll general banking laws Of the State, except thos
RI whose plaza Of business is In the cities Of Ghicaa
: | o, Springfield, shall appoint On agent who aha
] keep IN otflca tn the said cities Of Chicago
Springfield, for tho redemption Of tts cisculatin
notes which snail be presented to such agent 4
: payment or redemption, subject to tho condition
| harat {knrF FurfrV-fded Taf