New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1863-02-21

such iran er and delivery ih1 assosat,on making tho
.lal b. entitled TO receive if'm ~, Oonuo."I :" W
Curtency circunlns notes OF die'oit deuomina'4 ~
blank r,..stereo and couersigucd hefoine'', Pfo'"u
equal in smout1to ninety psf ceutun Of the cuT,' nshJ
value Of the United States bonds - a1'efed ana deVreu
hut not exceeding the par value thereof bearing ~ wv
the rate Of six per centum OF OF equivalent hi ~"
total such issued 10 any ,uch ion
coed 1e amount at such time actually paid III o' '' f
SIC L. And DC It further euscted That the entire so"
Of circulating notes to be issued under 6, Of which
sun shall Re uppooned 90 sssoca'ions IN tne " 'o
District Of Columbia and IN The l..l' ~ , b'll bc pao
Toned Nv t SECRETARY Of tho Treasury among associations
t, 49,. ar.,l states in the District Of Counina, aud
in line r, rftorie having duo regard 10 te oAslu o'uh
ci al resources and business Of such States pi'tics ana
s And be further erected That In order TO fon'4h
notes fr circulation. the Controller Of the Currency
ebv horizsd aud required under the direction Of nc
of the Trsasusy 20 plates to be engraved IN
the best msnrer 20 guard sganst c9"'etIens .nn
ton. s sl0 2o $50 %lOu 500 ana ~ =,
be required supply under THIS ac' tne & t5j,
70 req i've The same; which ces she'll express upon t
f,ce tls. they secured by United stl''s u o
he mo-, os OF this act hich statement shall be Of.
te by the ~iit.en engraved signatures OF ,po q
and shall also express upoa their face the promise OF &c az
soa eeeSs e ,5 Or Or E AID cs,hic
S ~ aid notes shl such devices and such other state
ren's and shall be in eh FORM a. 'e secretary o. VIC
So TO- And ~ further enacted, That tho plates and
d
Cor the In,pe OF such circulating notes shall remain nuder
hs control and direction aud the expenses necessarily In
ntocnrins o. such shall be audited aud paid
rrer expenses Of the Treasury Department. and for tho
uDde bi act and IN lieu of al taxes upon the cru
aiiou authorized by Li' act or upon the bonds dePofei
security the such association organized under s
act s- seliauuuay on tAe m days OF January end jay
e iis orsan'zao5 pay = the SenoleT oil the Currency
In lawful money a. the United States per centun the
srount Of circulating notes received by such essocaton
and IN deu; hereof the Treasurer OF tLe United s.e' Is
"a md
ts Of said bonds deposited at each semi nnual
payment q interest thereon and all sums 20 reserved ana TO-
tsin.d shall be paid into the 1essy under the direction Of
tie Secretary and every bank. banking association
ing notes calculated OF intended circulate money shall
the r day Of July next and regularly on ths first days Of
ito Of Currency and accurate return Of the gross
OF notes issued by H. whether orculion or in It's
wants deposit Lere aud 10 ceiaut Of fny such
reurn bank banking association. corporation falling
TO maze return shall pay to the Cned States penalty Of
NO peg upon ene capital stock to be recovered
for the Of the United States in any court Of competent
Jurisdiction.
svc g. And be further enacted That after any ,uch
socioD shall have caused s promise 70 pay such notes on
demand lie signed by tie president Niceprcsiient
and cashier thereof Ia such manner as make them obgl
tory pfoussoy notes. passbe demand IL place Of
business a'.ocis,i5o hereby authorized 70 issue snd
circulate ihe sane a. money Snd tue same haI Oe received
excss public and aid al oheI dues 10 tie Ulitrd States
reI debts demand, owing by the United States to IL
xcen int,fs.t on uuhlic sht and no sueh ascot.
lon shall poet any other notes TO circulate
than .ucn as ae suho4ed by foregoing proyis
ions Of this act.
pitel states bonds which shall be nade by any ssociain
security for circulating Unaer the provisions of tbs
act shalt be made TO the treasurer Of the uhitei sete WIN
3 memOra dun written printed on The certificate Of igo
boud and signed by tie cashier other officer Of tie
Tor tho association goso behalf transfer Is made sld
as secy for redemption sad payment Of the circulating
r., o1, ~ Tia Treasurer shall b. ee Vail or a niai.
~; III, mo- %. .ene,ios.l by N. ode o. I.sa.It
Of 81
ns be The me CSauoeI Of the csiToDcy 20 keep Ia
II. ofs BOOK IN when hll pc entered the name Of every
ssocilon om whose account transfer OF boh1s ia mace
by the Iroaste aud the oil the party TO whom such
which cas- the lac, s be ,ated said book and either
the value Of the bonds 20 a be catered
therein and shall I've duty Of the CouuoitT inmeaa.e
upon countegung and entering the same to advise by nail
tic association loin whose such transfer made
tie Kind bonds and thereof transferred.
SIC a. And further enacted, That il shall be the duty
Of Cono OF The Currency 20 couaefbgn and enter Ia
nen OF any bonds held BY the Treasurer presented lis
Office to the book. # the Treasufe for the rur
pose Of a,evainng she couectness Of the transfer
have kc the Dook aOoye mentioned kept by the
Controller during Office houT' to ascertain the CORRECTNESS. Of
$40 81 And be farther enacted That shall be tho duty
Of either the pre'iicn or cashier Of every banking ssoc
ni,ed States In each fiscal yesE sud
such time times diring the ordinary business hours said
bonds pledged wh The books Of said del ar,le auI
iou,d correct q the said Treasurer certificate
scug forth the different Kinds and the amounts Thereof oEc
10 v. 10 49, 81 s,cb c.y,icrSls SCR sr,ri,,,o, 49,,
10 made BY OF such association, duly appointed ia
wTing that purpose, whose cec4e before meuoLet
shall De of like fOco and validity II executed By such pes
SEC a. And be It farther enacted That every ss.oc alton
issung circulating notes under inc PROVISIONS ts atsl
commencing the hrst day Of the quarter OF tho year mex
succeeding organization d such aocaon, and conuu
ug Oh the met days Of each succeeding quarter la every year
thereafter which report shall be verified by tie OATH or ui
on Of Toe president s.d cashier aud ali wilfll fsi.s
~
Tn ,enar, bsrsny Ienuifed he In he form Ic,b,1 by
the Controller and sEan contain true statement II the
lion Of any busipe,s On the morDpg Of the day ,p,c
led le1t ITecedsg day OF such report respect Of the
following iens particulars, 20 WIZ Loans ana dcoun'
oyerdraits banks, from the iFecon Of
The a,sociato zeal estate specie. cash rs .tock. bonds
aud bills OF solvent banks. uil!s Of suspended
banks 20 end =sc--o account cpt4 circulation, pfon
20 BANKS due to individuals aud corpora
lion. other than benk amount dge the Treasurer OF toe
United State amount de dtpositOs Oh d,nsnf. HmoGut
due not included under either oi tIe ebove head. Ana
snai be Tue dutS Of The ContoIel 10 puDs. I o
such reports together ia two newspapers 20 be cesisnhte
tue otner in the Ciy OF NewIo'aez ibns tie sms Of
capital circulation and depost. specie and csth items pub
nc secuntos aud private securities and the eiAIite report
Of euch oci lion shall be published IA ne".p,per pub
shed place such asociation ettabi'hed
II there be 40 newspaper such piece then in spaper
published the capital Of the state at the expense Of the
socison making slch report. Ia addition quarterly
reports required by this section every s,tociston located
doing Ousiuess in the cities OF Boston, Providence New
YoIk Philadelphia, baltimore, Cincinnati Chicago, 1t.
Louis and NewOn9las, sha publish or cause ~ 10 pub
hed the Of the h tuesday, In esch moatn in
uegspaper printed tie city IN which the bssOyatiOn
making report T. located to 10 dessha,cd by ,ne Con-
tr0eE Of the Currency tatemen under tho oath OF is
President Cashier, showing tho cOn0on OF the assoca-
ton making statement tho morning Of tho dsy neat
preceding The date oil statement IN Respect to tie ilo
Ing tens aud particulars - wh average amount o. loans
/ and ds-Ouiss specie. deposits, an circulation
Sec 25 And be 1t uIrcf en.ctcd inp any such ntsD'
cAon .he any tine fail TO redeem III lilo la@ M money
O. tic United states any q is circulating notes when pay.
u.t thereof sha bo lawfully dcn.rd=d during the uauJ
Lou business. at the Office Of such essociaI,h tho holder
naJ the 20 DO rtoested IN one package By
oar, bic unless the PIesiGeAt or Cashier TIE
- .-L nn.L drmaLd aAd nOcn Of pIoLc.,. and