The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1868-02-22

national banks, which was referred. 1t pro
vides that every stockholder may vote, accord
ing to tho numb er Of shares he holds, In the
| following proportion for one share one vote
and for every two additional shares one vote
more; but no stockholder shall have more thar
twenty votes Absent stockholders may vote
| by proxy. but no salaried officer of the banl
shall vote as proxy. No officer shall, as proxy
cast more than ten votes; and no person. as
proxy, cast more than fifty votes. Each banl
shall at least once in every six months prepare
O st of its stockholders, with the amount o.
stock held by each, and shall provide boob
in which all proxies filed shall be forthwith en-.
| tered. with the date Of execution, acknowledg.
ment, and filing Of the same; and the names o.
the stockholders and proxy or attorney named
therein, and such list-book and proxies filed
shall at all times be open to the inspection o1
every stakeholder. A bank failing to comply
with these provisions shall, for each offence
forfeit sum not exceeding five thousand dol.
lars.
The amount Of gold in the vaults Of the
Treasury at the beginning OF business this
morning was sl04 ,000, 900, OF which sum there
is PAYABLE in gold certificates S28, 70O leaving a
balance of s75, 800 600 in gold coin belonging to
the United States. 1t is estimated that the re-
ceipts of gold from customs from this date to
Nav 1st will be S28, 900, ,000-making On aggre.
cate OF SOB 0OO, 900, out of which there s paya-
Bic on the LIST Of March next 81, 500 900, inter-
est due on the ten-forty bonds, and on the 1st
of Nav about s27, 100000 interest due on the
fve-twenty bonds, leaving q balance on
hsnd in gold after paying all liabilities, OF
ST., 100000.
ABOLITION OF THE BREvET SYSTEM.
The Washington correspondent Of the New
York Times says:
The Senate will make the brevet nomination
of General Sherman an occasion for action
which shall result in virtually alb Fishing the
whole brevet system. It grew up during the
war. when there was manifest necessity Tor
IL: but it has been so much abused that it's
abolition now would really contribute to the
efficiency OF the service. All other considera-
tions aside there is no man IN the army whose
advancement would be more readily endorsed
than that of General Sherman. 1t is proper to
add hero that General Grant mas expressed no
Opposition to General Sherman coming here
to assume his new command, having Lerfect
confidence in the latter's soldierly integrity,
and believing that under no circumstances
could he be induced to involve himself IN any
political complications.
THE GOVERNMENT OF WARRINGTON.
Tho nroiect to govern Washington by COM
mission. and consolidate tho Corporation OF
Georgetown with it will probably fail, because
it is meeting with the opposition OF the newly
epfranchised citizens, who do not desire to be
deprived of their new acquired opportunities
for voting after such brief but successful ex-
perience.
PROPOSED ABOLITION OF THE PRESIDENCY.
The following is an extract from novel
memorial presented to-day by Senator Sum-
ner, from citizens OF RoIbury and Boston,
Mass, asking for the abolition of the Presi-
The Presidency is a copy Of royalty. Tt is
an essentially unrepublican institution; for it
cxalts an individual in ruling power over the
rest Of the population. 1t is constantly me-
naclng, growing cause of danger to the repub-
lie. whose eventual uin it must inevitably oc-
casion. If it does not cause such ruin by di-
rect violent subversion, it must effect the same
through corruption; for the Presidency is the
source OF universal corruption. In the opinion
of the petitioners the earliest possible abol-
shment Of the Presidency is imperatively nee.
essary to secure the republic from the loss OF
its liberties through the ascendency OF the E1-
ccutive power. 10 avoid these dangers they
suggest that Congress propose nm amendment
TO the constitution abolishing the Presidency
and transferring the executive functions TO On
administrative commission or Congressional
ministry, to be chosen by Congress from their
own body.