Evansville daily journal. (Evansville, Ind.) 1863-1866, 1864-07-18

sreat rats is limited for banks Of issus oranixs6
nader state laws, tbe rate % limited shall Be al
lssed for ass0eations erg4rizs1 in anJ s1ch ststs
U der this act. Ana zhsn ne rate Is Axed BIZ the
laws Of the state CT Territory the hank nay take,
revive, reserve, or charge rate not sxoesdlng
sesen per csnruB, All suck rte e. nay "a tzksn
in sdyan ss rsckening the days for which the cote
bill, or other eTidencs Of debt has TO run And
tas kncyingly taking, receiving, ressrEing. or
shat Be held anG aajudgsd forfeiture Of the ca
tire interest which the note bill or other evidence
Of debt carries With il, OF which has bees agreed
70 b paid theron. AID in case greater rate OF
interest has been paid the person or persons pay
ing the same, or .keir LsZal representatives, MAJ
recover back II auy action q dabt. twice the
amount of the interest tas paid from tas as4oeiz
zion taking Of receiving The sanls ErorSdsa, TaAt
such action Is con- llsnesd within Two years from
ths time The uiUrsOas Transaction oceEErsd- BEE
the purehase. discount, q safe Of bona hde BIZ
Of exchange paysbls at another place than ths
place Of such yarch&Ee, aiscount, sac, az not 4
more than the c9rrsut rate Of exshangs for sight
drafts IN addition tbs interest. shall Be
.%ered As taxing y receiving greater rats Of in
tsrsst.
sec 81. AAd bs /. GErtAer saactea, That every as
ISOLATION 10 the cities hereinafter nara&d shall a.
ali time, have Ga hand ia lawful money Of the /
United States, an amount eqasf 70 AZ least twenty
five per eeutnn Of the sggrsEaEe amount Of ia +
notes in circulation and It's deposits; AID every I
other association shall al times, have hare,
IN lawful naoaey of shs United srzfes, an anounF 4
equal 70 Al ieast hftesH per centum Of lhs aggre-
gate cunt Of It's notss in Circulation and u is
nsEJ8sAs ana NNs&efsF The iAWf44 no n9y OF &HF
association II any Of the cities hsrsinafer named
shall b below the amount Vi twenty 1--we per ceB
tum Of its circulation and deposits, and whsneEsr
tas lawful money Of any other association shsi Be
below fifteen per esntEm Of its circulation aud de-
posits, saeh association shall not increase Its La.
bilitss b. making any new loans or discounts oths
vie than By aiseontiHus or purchasing bills ii
exchange payable At sight, nor make any diviasnd
Of It's profits uatil the required proportion BE-
tWsea the aggregate anoaHt Of its eutstaadInK
notss Of siFea alton and deposits AID its laNfal
money Of the United states shall DO restored
PsoVldee, That thrsehfths Of said hfIeeR per
tuz may consist Of balances dus 70 "a association
asaiiabs for the resumption Of its circulating
| notes from associations approved By the Comp
troilsr Of ths Currency. organized under this act,
Ia the cities Of Saint Louis, Louisville, Cheago.
/ Detriot, Milwaukee, New Orleans, Cincinnati,
I Cleveland, Pittsbarg, Baltimore, Philadelphia,
Boston, New York, Alb4Ey, LeayeHworth, san
/ FraRcisco, and Washington city: Provided, also.
That clearing houss certificates, representing sps-
Gle or lawful mSney specially depositsd Tor the nr
/ pose Of sny clearing house association. shall b
/ desBed TO be lawful money In the possession Of
Any association bsloaging ts sHrh clearing houHs
k0iatng aad owning such c rtihcate, and shall Be
sonsidered 10 30 . part OF tile lawful mOaey
With such association ia required 10 have under
ths foregoing provisions Of tha section: Provided
That the cities Of Charleston and Riehmond MAY
be added 70 ihs let Of cities IN the national
ctAtieRs Of which other associations may keep
! thrts nflhs Of lawfai money. Whenever. In the
| opinion Of The cQmptFoiler Of tbs Carreasy, the
e0nditioB OF tas southern States viii warrant it.
{
the Currency 10 notify aay association. whose
! lawfui money reserve Aforesaid shall 10 belos
the amount 70 be kept on h&Ed a. Aforesaid. to
make COED such reserve and IL such association
shall il fsr thirty days thersaftsrso 10 AXE good
Its reserve Of iawful money of the Unitsd States
the c0mPiroilsr may, with tbs concurrence % the
Secretary Of the Treasury, appoint a receiver to
Wind up The business q such assoc alton, pro-
yided In ttis Acf.
Sec g. Aad b. il further enacted. That each as.
sociafioa orgsnized In any Of the elites named ls
fEaaf ants. -.
approval Of abe Comptroller tae Currency, an
assoc alton in ths city Of SsW York, at which IL
will redeem 10 circulating notes al par. And
each Of sneh associations may keep half Of ita
lswfal money rsssrvs in ash der osits the city
Of New York. And each association not orgEa-
zsd within the cities named 10 the preceding sec
toa shall select, snbiect 20 the approval u the
comPtroilsr OF this cnFFsneY, assoeiatiez Ia
either Of the cities named ia the preceding sec
tion ~ shieh ~ will redeem its circulating notes
At par, and the Com ptroltsr shall give public 40
tice u the ssof tbs associations 20 selected
at which redemptiens 70 b. made by the re-
speetivs associations, and Of any ensngs that
say Be made OF the association al which the notss
Of any association are Tsdseasd. II any asssslA-
tien shall fail either q make the seieellsn tn
redeem tts notes - Aforesaid, the Comptroller OF
the Currspcy may, upon rsesiving satisfactory
sFldenes thereof aaFoint rueeiTeT. IN the manner
provided for In this act, 80 wipd up 3ts affairs
Proraded. That nothing Ia this section shall re-
ieVe any assoeiation from its ilsbiity TO rsss 81
its eireaiafing notes ~ - eoaBter, - par In
, lawful mensy on demand; Had preceded. 3RgtAer,
That every ssaoeiatan formed sxistinK under
the provisions Of fkis shall take aud facelxs At
par for aHy debt or liability 10 sad association.
any aud all notes bills issued By AR sssocisfion
existing under and BY virtue 81 this act
See % Aad Be Il Teftssr enacted, That the di.ss-
tors 81 say association may, assla nHualiy. sash
year, declare dividend q 20 mueh OF the nsGt
proats Of the association they shall jgdga s1ps.
deat. bot saeh association shaii bsfors the es-
claratioa u dividend. carry ene-tsath faft q
its nett ptoiiis q the preceding half year 10 IFS
Surplus inna until ths sans shAii amount to
: tssaty Ter osstum % its capital stock.
. Fee j. AL BE- faFfas- enacted, That sysFy :
ISOLATION ah4il maAs 10 tha Comptroller u the
Curraaey a report. according 80 ne fora which
mas be pies eritad by hin. vssiagd ~ the oath or
Affirmation - The .preaidest t<shfsr of sneh
sociation; which report shall exhibit N detail,
: ard under appr5prlare hsa ., the resources ans
Liabilities Of tie sssesiatios sosufs lac commence
Hent q bssiress "a The neEpiag Of The q a Non.
day Of tire months Of January, Aprii, Jnly, aud
oetohsr 81 each yeer and shall tFansHsit the sans
to the coaptruilsr within Hys days thereafter
! And any bank falling 10 rake sud trnpsnit sueh
. roper. shail Il soblec 70 penalty 81 ons hun'
dred dollars for each dag after Eve days that GneA
J port ia delayed beyond that tima. And ths
Q Comptroller sbah publish abstracts Of said re-
potts Ia a Newspaper 10 b. designated by sin III
that parpose Ia the city Of Washington, and th.
ssparate report Of each association shali BE- pnb
llshsd in newspapsr Ia tha place where such ass
2 sociatlon is establish q. or Il thsFs be "a
b / newspaper at such piace, then 10 news
} paper published at the neaFest place thereto
= At The e1peHss q the assoeiatien making sueh re-
4
quired ~ this section, every association shall or
: The first Tuesday ct each mohth, male 20 thi
J | Comptroller Of the Cnrreuey statement, uadei
the oath Of the president or cashiers showing b.
= coalition u the association makiRg such state
Il meat, on the morning Of the day Bsxt pFcc-dinI
the date Of such atatsment In respect 10 the fol
s | lowing items and particulars, to-vit sveragi
T amount OF leans and discounts, specie, asd othei
, | lawful money Belonging 20 tbs assooiafion. de
J. poslts and circulation. And associations In oths
PLACES than those cities named in ths thirty ars
secien ofthts act shall also return the amoust du
thnm AvRilabls for the redemption Of their eigcH
: / lation.
. Sec. IS. Aad Be q further enacted, That no ssse
o oiAtiou shall maks any loan or discount thi
security Of the shares Of it's own capital stoc K
nor be the purchaser holder Of any such shares
unless such security purchase shalt be nscsssa
4 ~ TO prevent loss upon debt previously con
tfactsd in coed faiths and stock % purehashsa Of
= acquired sh I'll, within six months from the tim.
of its purchase be sold disposed ~ public Of
private sals, in default Of which receiver may b
appointed 70 close the business Of the assoziafion
A / According 10 the provisions AZ this