Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1864-03-15

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cities Of $4,000 Inhabitants. They may
have Eve directors, each to own not less
than ten shares, and to take . stringent
oath for the faithful performance Of their
duties. Shareholders are to be held equal
ly and rstsbly responsible for ell debts
and contracts. An increase Of capital
may be voted, the maximum to be deter
mined BY the Comptroller Of the Treasury,
or it nay be reduced by tWo-ihirds vote
Of the shareholders. Fifty per cent. Of
the capital stock must be paid in, and
bonds to the amoVAt Of one-third Of the
paid in capital transferred to the Tressu-
~ before the bank can commence
business, when it is entitled to receive nets
10 the amount Of ninety per cent. Of mar
ket value Of bonds transferred The
amount Of circulation, under this bill, is
limited to three hundred million dollars
The total liability Of one individual COM
pany shall not exceed one-tenth of that
paid in stock, the rate Ofinterest beingfx-
ed at per cent, and taking e higher
rates forfeits the interest. Banks in GER
tain cities must have at least twenty-five
per cent. Of the amount of their circula-
ton on hand, and all others fifteen per
cent. One-tenth Of all profits must be car
ried to 8 surplus fund before the dividends
are declared, until such fund shall beequsl
to twenty-five per cent. Of the stock. They
are forbidden to make loans or discounts
on security OF their own shares Of capital
stock.
CHICAGO BOARD OF TRADE.
The resolutions Of the Chicago Board Of
Trade submitted to the Senate represent
the necessity for military protection Of our
Lake region and transportation, and also
of rapidly increasing the agricultural pro-
ducts Of the West, and Of the immediate
construction of the Niagara Falls Ship
Canal.
The merchants of sandusky City, Ohio,
sent In similar petition.
THE KANSAS LEGISLATURE.
The Kansas Legislature is pressing
upon Congress to require LeavenwOrih,
Pawnee and Western Railroad Company
to make Wyandottee, Lawrence, Topeka,
Wsbsnzse, Manhattan and junction Cities
points on their line.
AsHTABULA HARBoR.
Citizens of Ohio are petit:oning Con-
gress for an improvement Of Ashtsbuls
Hsrbor.
TIE NEW JERSEY RAILROAD MONOPOLY.
Systematic efforts are being made to dc.
strOy the New Jersey Railroad monopoly
by the location Of a new route. Memo
Fials from Boston, hsWzxe1k5 RAilads1-s
phis and Pittsburgh were presented to the
Senate to -dsy on that subject
PATENTS.
Inventors have been in trouble since the
passage Of the amendment to the Patent
Act Of March last, in many cases in
which the final fee was unpaid, and lhe
pItent lost by limitation. A clause bill
was reported to-day by the Senate CON-
nittee on Patents, perfectirg ali such
patents by the payment Of the final fee
within six months from the passage Of
this amendment, but no reclamation for
manufactures at use in the meanwhile Is
allowed.
The following order, dated March 18th,
has been prepared at the War Department
but is not out in print. 1t will bs issued
to the army as soon as printed.
WAR Dept, ADJ'T GEMS GFFToE, I
March 18th, 1864.
General Order No SO THE President
Of the United States orders as follows:
First. MsiOr- General Hallsck. is, at bis
sEn request relieved from duty as Gene
ral-in- Chief Of the army, and Lieutensnt-
General Grant is assigned to the command
of the United States army. The Head
quarters of the army will be in Washing
ton and also with Lieutenant General
Grant in the field.
Second. Major General Halleck is as
signed to duty ct Washington as Chief
Of Staff Of the army under direction Of the
Secretary of War and Lieutenant-Gene1sl
commanding. His orders will be obeytd
and respected accordingly.
Third. Major General W. 7. Sherman is
assigned to the command Of the military
district Of the Mississippi composed cf
the Departments Of Ohio, Cumberland,
Tennessee and Arkansas.
Fourth. Major General B. F. McPher-
son is assigned to the command of the
Department and Army Of Tennessee.
Fifth. In relieving Major General Hal
leck from duty as Gsneral-in-Ch Chief, the
President desires to express his spprObG-
ton and thanks for the able and jealous
manner In which the ardusus and respOn-
sible duties of that position have been
performed. By order of the Secretary If
War.
ED. TOWNSEND, A. A. G.
GOVERNOR BRAMLETrE's PROTEST.
The news Of Governor Bramlette's pro-
test against the enlistment Of slaves in
Kentucky, contained in a dispatch this
msrning, created considerable excitement
among politicians. The feeling among
Union members Of Congress is strongly in
favor of bold and manly policy in Ken