The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1866-09-10

GEORGE B. REID,
President Bank South Carolina.
DANIEL RAVENEL,
President Planters and Mechanics Bank.
a BILL TO ENABLE CERTAIN BANKS TO BE PUT IN
LIQUIDATION.
Be 1t enacted by the Senate and House of Rep
resentatlves, now met and sitting in General AS
sembly, and by the authority OF the same, That it
shall be lawful for any Bank in this State, which
may have suspended specie payment before the
passing of this Act, at any time within six months
after its passage to apply, by petition, to any OF
the ChancellOrs of this State for q Commission to
put in liquidation the affairs of the said Bank;
whereupon the said Chancellor shall, by short
order endorsed on the said petition, appoint the
President and Board OF Directors then in office,
or such Of them as he shall see fit, Commission
for the said purposes and the effect of the said or
der shall be equivalent to IN assignment transfer
ring all the estate rights and credits of the cor
poration to the said Commission, and yestiDg it
with all the rights and title OF the corporation;
and the said Commission shall thereupon proceed
to collect the assets, and sell and dispose OF the
property and shall apply the proceeds, after pay
@ ri Hgs g ned ana IL
proportion, among all tho creditors OF the said
Bank, who shall come in and prove their demands
In manner hereinafter set FORTH
q The investment by any Of the said Banks 0fany
part OF its assets in notes or securities of The Gov
deemed or taken as evidence OF mismanagement or
breach OF duty; and in case any Of the said Banks
SHALL by reason OF depreciation OF such notes or se
curites Of diminution OF it's assets through the
calamites Of the late war, be unable to discharge
it's liabilities none Of the penalties or forfeitures
provided by law against any Bank or it's directors
shall be enforced; nor shall the stockholders be
S ths gsnsX On them By
gularthe said penalties are hereby released. 5l
g. The Commission shall have the aames
powers in collecting the assets, bringing suits,
making sales, and compounding with debtors and
rectors by the charter, and may, in all cases Of
doubt, ask the instructions Of the Chancellor for
its guidance.
4. Upon the issuing of the Commission as afore-
said public notice shall be advertised, calling
upon all creditors OF the Bank to present to the
ments OF their respective demands; and all credi-
tors shall file such statement within the said time,
or be forever debarred from pursuing their
claims; and all claims presented shall be open to
challenge and investigation in the Court OF
Equity, according to the practice Of that Court in
administering assets.
5. Whenever sufficient amount of money shall
be realiZe1 from the assets, tho Commission shall
distribute the same by making dividends among
the creditors whose claims have been established;
and whenever matters are ready for q final dis
tribution, public notice thereof shall be advertis.
ed; and upon the same being carried out and
approved by the Court, the Commission shall be
discharged and the corporation be dissolved
s. In all cases OF claims for bank notes. or as
assignee or indorsee, the claimant shall, in his
affidavit OF claim, set forth, us nearly as may be
practicable, the date at which lie acquired his
claim, and tho consideration paid by him for the
same; and ii the same were acquired after the
suspension Of specie payments by the Bank, the
claim shall be adjusted as OF the value OF such
considerations or, ii that cannut be shown, then at
r),n oP& &hn tnoH 6n1t 0t
tho date at which they were acquired by the
claimant.
lhr. Editor Charleston Daily NeWs II see by q
notice in your valuable paper that the citizens
are called upon by tho City Treasurer to pay their
taxes by the 30th inst, or in failing to pay the
taxes in the manner prescribed, shall be double
taxed.
Now, Mr.. Editor, may We not call upon you to
bring to the attention Of our City Fathers the
present situation of our people2 They are not able
at this time to meet the demands Of the tax gath
erer, and a number Of widows and orphans must
suffer if the City Council will not extend the time
for payment OF the same. We are told that money
will DO easier sitter the first January, when we
shall receive somo of the growing crop; but at
this time is out OF the question to borrow
money. would say that the time for the pay
ment OF our City Taxes be extended to the first of
January. I feel groat interest in this matter,
not ON account OF myself, for have paid my taxes,
but for hundreds who cannot. - CHARITY.
CHARLESTON, September Sth, 1866.
D1GN1F1ED PnocEED1SGs.-Tho following is all
extract from the proceedings OF the New Yorkdelo-
cation to the Loyaliss Convention
Mr.. Jackson Schultz Chairman OF the New York
Board of Health WAS asked whether he intended
to disinfuct the city when Mr. johnson came
mo-, said lie, "but Iintend to disiufectt after he
caves daughter and cheers for Schultz.)
general officer OF the army asked him, OH his way
lere, why the President WAS like harp struck
with lightning2 OF course he could not tell. lhe
answer was, "Because he is a blasted Tyre (liar.)"
(Langhter.)
Among the new inventions is a button which is
fastened to the cloth without thread 1t is said to
consist solely OF button with a wire, to be in-
serted into the cloth like o cork-screw, and then
pressed down tlat so as to form airing to hold the
button in its place. AS this invention will enable
every man to keep his buttons on his shirt him.
sell, it is calculated to d. away With wives alto