The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-10-15

sary shall be appointed annually BY the comAee tne
House. and shall be subject 70 and under the control OF
The salary Of the manager shall always BE- hxed by the
assoc ation and those OF the clerks BY the committee
the manager 10 give bond with the suretes in the sum
OF and each clerk in the sum Of to be a
Esr The association at presentconsiss Of tho fol-
lowing members Names not gwen
NfhSuch national bank notes as the members OF me
association NAV desire to deposit with the committee for
redemption shall be received by Them to be delivered TO
the manager under such or n a. 'ae CON-
lection Of tho banksb TO 20 assorted and for
wared for ban ns .nc 'as
redeem in New York Boston or Philadelphia, those
deemina in Boston and Philadelphia 10 be sent 10 the
issuing the same to their redeeming banks or to
the Asserting House In those cities, and those New
York through the Clearing House, as hereinafter pro-
S;rMThe committee shall be empowered to issue re-
ceips for the deposit OF the national bank notes. said
ceips be signed by at least three Of the committee
and countersigned BY the manager.
Spent-The committee 70 have desk assigned at the
Clearing House, through which the retirement Of certin
Gates and the redemption OF notes redcemRbe in New
York can be made daily
Eighu-rhe expenses Of the Asserting House, Of the
ana or ne ae ~ Of pc aa
proportion the amount delivered to the Asserting
House, to be drawn for by the committee the rs day
of each month"; as soon as the can
be ascertained and apportloncd
Nint-Should any bank fail to redeem its notes when
presented for that purpose by agent Of the commit
ee said committee shall have the power take such
action as thew NAV deem necessary for their redemption
under the National Banking law and the loss or expense
attending such action by said committee shall be borne
in the manner and proportion ms the regular ex
penses of the Asserting House. Should any loss occur
from fire. robbery defalcation, from any other
provided for in this constitution such loss shall be
borne pro rata the amount received from each bank
based on the days receipts which the loss occurred
7enh-Bank notes redeemabe at New Orleans Lcaven-
WORTH San Francisco any other point south OF Cairo,
west Of the river eS n IN s
for redempon and should any such notes be found In
tho packages deposited asserting and redemption such
notes shall be returned by the committee 10 the bank
from which they were received
Ekuntt-All deposits Of currency made with the CON-
mee must be in sealed packages of not i've thou
sand dollars except packages containing of
denomination OF fifty dollars and upward which may be
put in packages Of ten thousand dollars or twenty thou
sand dollars EACH and in all cases in even thousands dis
tincty marked with the amount the name OF the bank
deposng them and bearing its seal and all such de-
posts must be made before ten o'clock A. M on each
day. Recamations be made for amounts short,
commercials &C, at any time previous to the cancea-
ton OF the certificates issued for the packages for which
the reclamation is made.
Ttoafh-Each bank belonging to the association may
be represented at all meetings thereof by or more OF
its principal officers and shall be entitled TO one VOTE
Thteenh-A general meeting Of the association shall
be held the first Wednesday in November In each year,
at twelve O'Clock NJ
FJrutceMh-At every annual meeting chairman shall
be elected by ballot to preside ut that meeting and all
subsequent meetings during the year. whenever ne
shall be absent chairman pro tenn. shall be appointed
AT the meeting secretary shall also be elected by
ballot.
FeecnIN-SpeCal meetings Sndli DC ny Inc COHi-
mittee whenever they deem expedient, or when
they shall be thereto requested by any Of the
associated banks
.yixeenh-At all meetings Of the association quorum
for the transaction Of busncss shall consist Of majority
OF the whole number Of associated banks
ScrenteeWh-New members may be admitted into the
association at any meeting thereof Such new members
shall signify their 70 this constitution In the same
manner the original members But no new members
shall be admitted except by vote of threefOurtbs Of
those present; such vote to be taken by ballot
Eghteent-A standing committee OF five bank officers
shall be appointed at every annual meeting, TO whom
all applications for admission into the association shall
be referred for examination.
NinetenA-For deemed sufficient by the asso
cated banks at any meeting thereof, any bank may be
expelled from the association and dcbarred from all the
privileges of the Asserting House. provided majority
Of the whole number Of associated banks vote in favor
thereof
Tso5ntieth-Any member of the association may with
draw therefrom at pleasure first paying its due proper
ton Of all expenses losses incurred and sgnyng
its intention 10 withdraw TO the committee.
7,oenty frt-Amendments of this constitution may DO
made at any meeting OF the association by the vote Of
majority Of all the members thereof notice Of the pro-
posed amendments having been given at q previous
meeting
The receipts Of gold at this port from California this
year compare with the amount received during the
time In 1894 as follows.-