Worcester daily spy. [volume] (Worcester [Mass.]) 1850-1888, 1863-03-04

whichsthe association, its sbareho' der', or any
other persons, shall hays sustained in conse-
quence Of such violation.
Sect. 81. And be ii further enacted that tho
comptroller of the currency, with the appreciation
of the secretary of the treasury, often as shall
be deemed necessary or pro- or, shall appoint
suitable person or persons TO make an examna-
non Of the affairs of every banking association
which person shall not be director or other Off
Ger in any association whose affairs he shall be
appointed TO examine, and who shall have pow
or TO make a thorough examination into all the
affairs of the association, and in doing so to ex~
anime any of the officers and agents thereof on
oath, and shall make full and detailed report
OF the condition Of the association to the comp
troller; and the association shall not be subject
to any other visiforial powers than such as are
authorized by this act, except such as are vested
in the several courts of law and chanceTy. Add
every person appointed to make such examine
ton shall receive for his services at the rae Of
five dollars for each day by him employed in
such examination, and two dollars for every
twenty-five miles he shall necessarily travel in
the performance of his duty, which shall be paid
by the association by him examined.
Sect. 50. And be it further enacted, that every
president director, CASHIER teller, clerk, agent
OF any association, who shall embezzc, abstract,
or wiltully misapply any of the moneys, funds or
credits OF the association, or shall without author
ity from the directors, issue or nut in circulation
any OF the notes Of the association or sha !,
without such authority, issue or put forth any
certificate of deposit draw any order or bill Of
exchange, make any acceptance, sign any note
bond, draft, bill of exchange mortgage iudg-
ment or decree, or shall m Ike any false entry in
any book, report or staiemento OF the association,
with the intent, in either case, to iIjure or de-
fraud any other company, body polite or col
porate or any individual person, or to deceive
any officer or agent appointed to examine
the affairs of any such association, shall be
deemed guilty Of a msdenieauor, and upon con-
vction thereof shall be punished by inprson-
onnent not less than five nor more than ten
years.
Sect. SO. And be it further enacted, that the
president and cashier of every such association
shall cause TO be kept at all times a full and
rect list of the names and residences of all the
shareholders in he association in the Office where
its business is transacted; and such list shall be
subject TO the inspection of all the sharehoid rs
and creditors of the ASSOCIATION during business
hours of each day in which business nav
be legally transacted. Aud copy of su b
list, verified by the oath Of such president or
cashier, shall, at the beginning Of every year, be
transmitted 10 the comptroller of the currency
commencing on the first day of the first quarter
after the organization of the association.
Sect "a. And be it further enacted, that The
secretary of the treasury is hereby authorized,
whenever in his judgment the public interest
will he promoted thereby 10 employ any Of such
associations, doing business under this act, de-
posllaries Of the public moneys, except, receipts
from the customs
oeCt. %. anu DC IL lurLuer enacted, tl3J all
suits and proceedings arising out ul tue proys-
ions Of this act, in which the United States or
its officers and agents shall be parties shall lie
conducted by the district attorneys Of the sew
eral districts, under the direction aud supevis-
ion Of the solicitor of the treasury.
Sect. So. And be it further enacted, that every
person who shall mutlate. cut deface disfigure,
or periorate with holes, or shall unite or cement
together, or do any other thing to any bank bill,
draft, note or other evidence OF debt issued by
any such association, or shall cause or procure
the same TO be done, with intent to render such
bank bill, draft, note, or other evidence of debt
unit to be relssued by said association, shall,
upon conviction, forfeit fifty dollars 10 the assoc
CATION who shall be injured thereby, to be re
covered by action in any court having jurirdic-
ton.
Sect. 81. And be it further enacted, that if
any person shall falsely make, forge or counterfeit
or cause or procure TO be made, forged or coun-
ire H1q or va sla or assist IN falsely max
ton of, or purporting TO be in imitation
| of the circulating notes issued under tho
provisions of this act, shall pass utter or pub
| lish, or attempt TO pass, utter or publish any
false, forged or counterfeited note purporting 10
| be issued by any association doing banking
business under the provisions of this act, know
| ing the same to be falsely made; forged or couu-
| terleited, or shall falsely alter or cause or
procure to be falsely altered or willingly
aid or assist In falsely altering any such
circulating notes, issued as aforesaid or shall
pass utter or publish, or attempt TO pass, utter or
publish as true, any falsely altered or spurious
circulating note issued, or purportng to have
been issued ms aforesaid know wing the same to be
falsely altered Or spurious, every such persons
shall be deemed and adjudged guilty of felony,
and being thereof convicted by due course Of
law, shall be sentenced to be imprisoned and kept
at hard labor for period not less than five years
nor more than fifteen years, and to be fined in
sum not exceeding one thousand dollars
Sect So. And be it further enacted, that if any
person shall make or engraYe, or cause or pro-
cure to be made or engraved, or shall have in his
custody or possession any engraved plate or
block after the similitude of any plate from
which any circulating notes issued as aforesaid
shall have been printed, with intent to use such
plate or block, or cause or suffer the same to be
used in forging or counterfeting any of the
notes issued as aforesaid or shall have in his
custody or possession any bank note or notes
engraved and printed after the simitude of any
notes issued as aforesaid, with intent to such
blanks or cause or suffer the same 10 be used,
in forging or cOunterletng any of the notes is
sued as aforesaid or shall have in his custody or
possession any paper adapted TO the making Of
such notes, and similar to the paper upon which
any such notes shall have been Issued with in
tent to use such paper, or cause or suffer tho
same to be used, in forging or counterfeting any
Of the notes issued as aforesaid, every such per.
son, being thereof convicted by due course Of
law, shall be sentenced to be imprisoned and
kept 10 hard labor for term not less than five
n
not exceeding one thousand dollars.
Sect. 50. Aud he it further enacted that suits,
actions, and proceedings by and against any as
ISOLATION under this act may be had in any cir
cult, district, or territorial court Of the United
States held within the district in which such as
sociation may be established.
Sect. 20. And be II further enacted, that it shall
be the duty of the comptroller of the currency TO
report annually to congress, ut the commerce.
ment Of its session.
First A summary nf the efatp and condition Of
every association from whom reports have been
received the preceding year, at the several dates
TO which SUI, h reports refer, with an abstract Of
the whole amount of banking capital returned
by them, of the whole amount of their debts and
liabilities, the amount of circulating notes out
standing, and the total amount OF means and re-
sources specifying the amount of specie held by
them at the times of their several returns, and
such other information in relation TO id assoc-
atoms as, i'll his judgment, may be us, tui.
Second A statement of the associations whose
business has been closed during during the year,
with the amount of their circulation redeemed,
and the amount outstanding
Third, To suggest any amendment to the laws
relative to banking by which the system may be
improved and the security Of the Dill holders
and depostors may be increased.
Fourth To report the names and compensa-
ton of the clerks employed by him, and the
whole amount of the expenses Of the banking
department during the year. And such report
shall be made by or before the first day OF De-
cember in each year; and the usual plumber of
COPIES for the use of the senate and house, and
one thousand copies for the use Of the depart
mani shall he printed bY the public ptinter and