Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1863-04-01
oFFICIAL.
Laws OF TBB UNITED srArEa
-Fa'sed e the Tapd Session of TIE 7hS,6,.
seVsnth GongrsSs.
looNElsu1O 10. IEssRapAY.l


ntedEe OF United States stocks and to nroyidsSI-
the circulation and redemption thereof
Sec lV: AND be 1t further enacted That tho plate.
81 ~ PsSieH dies 70 be procured by the Comptroller
~ 1e tor the printing OF such eIronistIn
notes shall remain under his control and dirsctioI
necessarily incurred n executIng IhS
notes shliR sndited and paid as contingent Sxpen
S s oSmburr tpartment; and for tho purpose
sptresa uP4 fhiS ~ thSE psns6s In.
bonds HepoSted forthe security Of The saEss Sseh
association or9an4ed under this act shall sennfan
nnal 9a the frst day Of January and July, afSrits
ey, In lawful money OF the United States one per
eentum on the amount Of circulating notes received
such association, and in default thereof the Treas
urer OF the United States Is hereby authorized to re-
scrSe and retain one per centpm on the amount OF
said bonds 80 deposited at each sSmannual payment
OF interest thereon; and all sums 80 reserved and re-
tatned shall be paid into the Treasury dndsr the t-
1sctl3n OF the Secretary, and every bank, banking
ASsclatohS or corporation not organized under the
proyisons Of this act, Issuing notes calculated or
TENDED to circulate as money, SHALL the nrst day
1uy next and regularly on the hrst days Of jan
maryland July thereafter, mako and deliver 10 The
Comptroller OF the Currency true and aecnTate re-
turn OF the gross amount Of notes leaned nv a. i
whether in circulation or in ts yanlts oT m Ssnosl
elsewhere; and In default of any such return the
Dank, banking association, or corporation 90 fGnK
20 MAKE shall pay to the United States pen
atty Of two per centum upon Its entire capital stock
TO be recovered, for the United States In any court
OF competent jurisdiction. III 8a,} :
Sec. 20. And be It further enacted. That After nnv
such association shall have caused ts promise to nav
such notes on demandtO be agocd by the president
or vice president and cashier thereof in such mau.
ner as to make them obligatory prOlniEsory noteg
payable on dsmaud at Its place OF business such as
sOciation hereby thoriEe to isse aud cirsnlS
the same a. money! and the shall be received at
par In all parts OF the United States in payment Of
taXes excuses, public lands and all other dues to tho
united states, except for duties imports, and al
50 for all salaries and other and dem ands owing
By the United States to individuals, eorporations
and associations within the United Statea exceDt in
tercst on pubo debt, aud no sucL association shal
tasps P9St nptes or any stOr notes circulate as
money thsn such as are authorized by The foregoing
Sec. 81. And be 1t further enacted That all trans
tsrS OF United States bonds which SHALL be made by
any association security for notes m
der the provisions of this net shall be made to thu
Treasurer of the United States, with memorandum
written or printed on the certificate OF such bonds
ana signed by the cashier or some other oCer Of the
making the deposit stating that is held
in trust for tho association on wno6s behalt such
traLsier 10 made, and security for the REDEMPTION
and payment OF thu circulating notes delivered to
such aSsoctRtiOn aud transfer Of any such bonds
by the Treasurer shall be deeined valid OF bind
ing force and effect unless sanetnnod by the order or
request of the Comptroller of the Cnrrency upon the
Treasurer 1t shall be the duty of the Comptroller
of tho Currency keep In HIS Office a bO9 In yyhIrh
ANAL entered tho nRe UE every association from
whose account such transfer of bondHIs male by the
Ereesnr er and the name Of the partyto whom such
transfer 10 made, unless 6uCh trGn6fer Is made ia
plank m which qass tile set shall be stated n said
IS 81 s56lf 6 Il sSsI;
bethp 9htye the Com aIeiy IpCp
aPd the da1os @ GdSiIs by
4
ter was lhad6 the Kid Ot.ibo6dS aud the Nmoub,
thereof 50 transferred 4 FIIff'IS
sse, 2 And he u further enacted, That It lhall
be the duty uf the Comptroller OF the Currency to
4 oountersiSn and enter In the book in the mHuneT
every transieror assignment of any bonds
held By the Treasurer presented for Ills slEnature
and the Comptroller shall have at all times dnrng
office hours access TO the books OF the Treasurer fui
tho purpose Of ascertainng the correctness Of the
transfer or assignment to him to counter.
sign; and the Treasurer shnll have tho Ike access 10
the book above mentioned, kept by the Comptrollos
. I'm ms unkt A
Il entries In the same. II
soc q And bo It iurther enacted, That 1t shall
be the duty OF either the president every banking
association having stocks deposited in the ofee 81
the Treasurer of the United States or more In
eaeh nscal year, and at such time or times during
tile ordinary business hours said officer or ocerS
4 may select, to examine and compare tho bonds 40
pledged with the books Of said Department, and, II
found correct, to execute to the said Treasurer GER
tiheAte setting forth the different Kinda aud the
amounts thereof pnd that the same are Ia the pos
session and custody of The Treasurer at the date OF
snch certthcate. such examination may bS made by
uagent OF such association, duly appointed in wr.
ting for that purpose, whose certificate before men.
!ionSl snail % Of uke force validity as II exeou
Sec. 81 Aud be tt further enacted, That every as.
issuing circulating notes under the proy-
SONS OF this act shall make quarterly report 10 the
Comptroller of the Currency, commencing on tho
hret day OF tho quarter OF year next sncceodinR
the OF such associations aud continuing
on the frat days OF each succeeding in eYery
year thereafter, which report ahal verified by tho
oath OF Gnrmatton OF tbs president and cashier, and
all Wiliul false swearing in respect to such report
shall be preiuEyt and subject pre.
scri9eI BY law for such offence. The report hereby
shall be In the form prescribed by Comp
trOlleF, and shall contain true Of the con.
dition OF the association maklpg such report be.
tore the OF any businesSon the morning
OF the day specified, next preceding the date OfSuch
report, In respect OF the following items and partcu-
lars to- wit: Loaus and diScouuts, 0VerdrAits due
from banks, amount due from the directors OF the
association, real estate, apecle cash temS stocks
bonds and prOmlssory notes, bills Of solvent banks
bills Of suspended banks 0Sa aud expense account
IEaDitRl. d, ma In hluk
amonnt duo to individuals aud corporations other
than banks amount due the Treasurer 81 tbe UnItsd
States, amount due to deposItOrs demaud amount
due, not Included under either Of the above heada-
And t shall be the duty of the Comptroller TO pub
newspapers to be designated for that purpose one
tn the city OF and the other in tho city
OF New York, exhibiting the items Of capital cfrcl-
ation, and sPeete sud cash ttSns pub
and other private securities and the SepaTat6
report Of each association shall be published In /
newspaper published In the place where such aGsoe
alton is estebshed; OF, If tsro be no Newspaper ct
such place thenln new8paper publIsh0d the cap.
making such reprt In addition 10 the quarterly
reports required by this section; every association
located and doing bnainela Ia the cities Of Boston,
Providence, New York, Philadelphia, Baltimore
Cincinnati, Chicago, ST. Louis, and New Orleans,
shall publish or cause % be publiAhed. the
ing OF the frat TueSday IN e9Gh month; in nSWSpa.
Per printed in the city in which the association MIX.
ling such report is slocated, to b0 designated by the
CopPtroicr OF the Currency, statement under the
the president reaahier,. showing eondl.
tlon OF the aSsociatiOn making such statement; on
the morning of tbs day next precSdIpg the date oi
such Statenent in respect 70 the following items
and particulars, 70 wit average amount Of loansand
n dtseonnts, Bpeeie, deposits, and olrculation.
II Sec. %. And be tt further enacted, That II any
such association shall a6 Guy time fail to redeem n
the laElpl money of the United States Itl
slfculAhng notes when, payment thereof shall be
laWtully demanded1 during the usual h0urs Of busi.
ness a the once Of such association, holder may
cause the same % be protested. in one package by
notary public unless the president cashier Of the
association Ghall offer 70 waive demand aud notice
the protect, and shall, in pursuance Of such Offer
make dgu and deliver 70 the party making such de-
mApd an admlsion In writing stating the time Of The
demand, the amount demanded, and theSfaet Of Ehe
= non n-paJment thereof and such notary public, on
making 9aeh protest upon receiving gnch 6dmis.
sion, shall forthwith forward gueh hdmf Of notes
Of protect TO the Comptroller Of The Currency: and
aitersueh deGaut Il GhAll not be lawful for The aSso
eaton suffering the same TO out ans of itsnotsS
the bhSiness Of except to receive and Gatoy
keep monsy belunStns toit, and 70 deliver specfS