EVERY TUESDAY MORNING ’
NUMBER 136--NEW SERIES-
' m s of the Gazette.
Village subscribers bycarr‘iei‘——per year$-2 00
2 00
M-iil do. in advance do.
Office subscribers, or those living out. of
the Carrier’s district, and who call for
their papers at the office,
Compaiiies of fiveor more receiving their
papers by mall, if paid in advance
0. 55. Perry,
1ltto1‘ney and Counsellor‘ at Law.
Mallorry’s Bruit ding.
Ofiice flours from 8 to 12 o’clai‘Z¢,'A. III. ; and
from 1 lo 6 o'clock, P. III.
C. s G-. A. BISSELL,
Attorneys and counsellors at law.
Oflice ovcir J. Mallory 8'. Co.7s Store
NORWALK, cons.
George A. Davenport,
Attorney and Counsellor at law.
Oflce llfest Side t/Le J3r‘zdge,
NORW’ALK, CONN.
Jan. 1st:, 1850.
Wm. ,W. Marramo1'e,
DAGIJERRIAM ARTST
Corner 0/ iS'late._'c1,_i;zc,1 .]lIciir2. Streets,
nniooisroirr, CONN.
FIELDS &. HEREERECIES,
l\Ii\.\'UF:\C'l'URl'IRS AND I)lCi\l.EllS IN
‘Boots, Sllf)f3S, lreatzlier, and Findings
No. 13 Zt’Eai.n-Street,
l\‘OR\V.-1Ll{, C'I‘.
o“4V-I
I-Iartforil County
M ritual Fire Insurance Company.
GEORGE ST. JOHN, Agent.
-AS a pledged capital of iibout. $800,000.
, A cash surplus ofnrore than S3,(,l00.—-
Insurance on $100 about7 cents per year.
March 12. M10
Spring and Summer Glething.
' ITHAUER 6: TURK have received their
.-stock of spring aird summer ready—inade
clothing, \Vlll(.'.ll they will sell at city prices.
which is much cheaper tbaii can be purchased
/at any otlier estalrlislimeiit in this place.
Norwalk, April 1‘2t.l1.1S50._
THE subscrilier has on hiriru iiiul intends
keeping a good assortment of Ready blade
Clothing ofrill kinds. Also, a good assortment.
of Cloths, Cassimeres, and Vestings, which
he will make up to order in good style and at
sh:-irt. notice.
N. B. Particular intent’-on paid to cutting.
THOMAS RILEY.
Norwalk. Feb. 25. 1850. 9
I".f1SHI9I’-3' ABLE EYHPGREUEE
E. Curtis. T-merchant Taylor.
No. 10 111/1511 S/feet, Oliirsteiirfis Builzlings.
HE Su‘rsci‘ilrei‘ has received, within a
few days past, a large adilitirrri to his as-
sortment; of Spring Goods. consisting, in part.
of Broadcloths, of French, Ger‘rnan, English
and American rnanufacturo.
CASSIME RES,
Plain Black anil Doeskiu; also a large assort-
ment of Fancy Goods. ofa variet_v of patterns.
VES'l‘I.\‘GS AND 'l‘R.I.\Ir\l.lNG<;
A good assortment. always on hand, to all of
which I would invite an exauiinatioii trom my
friends and customers. and the public general-
ly. The above goods will he sold on as rea
souable terms as can be offei‘i-.rl elsewhere.
Garments made. or‘ made and Trimmed in a
most fiishionalrle and workmanlike manner.
Cutting done as usual.
Fashions received every month.
ELBER'I‘ CURTIS.
Norwallc, April 8th. 1850.
, Removal.
MRS. TINDALL has
removed her Millinery
Business to the House
recently occupied lry
Mrs. Gray, over the
jewelry store of C. E.
‘ Dis-'Ji‘ow.\vliei‘e slio is
now opening a handsome
Spring Bonnets, Rib-
bons, and every thing
pertaining to the Milli-
nery Bu-siiicss.
Norwal/c, _/lpril 9th,
1850._ 14
A Gard.
HE Subscribers would take this method
. to inform their friends and t.l‘te~pul)li(: gen
emlly. that they have associated toge,iliei- in
the practice of Dental Surgery. and will be
lmppy to serve f.l1Hll' patrons in" the best possi-
ble nrzinner. It is their intention to perfect
such arrangen'renr5 as will secure to their
friends all, the advantages that the Dental Pru-
fession affords. and to execute their business
in a style creditable to themselves. \Vith many
thanks for. past favors. they would respectfully
solicit i1 continuance of the same.
CHAS. FITCH. A. HILL, DDS.
Gytherean Cream ofsoap
I\‘,El\«‘.7,pi'evpai'zi,tioii for washing a ml bath-
ing’,'just received and for sale by
C. E. DISBROVIF
H,I'l‘E-VVASH and Scrubbing l;‘-rushes,
for sale at -
' i ' S. l3ISSELL'
T 150
150
NEW DRY GGGIBS.
Hitcbcoclz «Eek Iaeaclbeater,
.No. 347, Broadway, New, Yo)‘/r‘,
Grenricliiies, Ol'fJtllI("ll(9S, silk tissues. printed
jaconets and ca mlrric.s, beautiful calicoes, lrai'a-
season. which added to their previous iiiiineiise
stock of every kind of Fancy and Staple Dry
Goods, makes one of the large.~t, most varied.
and general assortments in New York. and
giving their attention pa rt:icularl_v to the retail
riicatiirn with their customers. leai‘n their wants
and will supply them if any pains,” and the
markets of this or any other country. will ena-
ble them to do it. Their stock embraces every
thing useful and ornamental in the Dry Goods
\—\';iy, for either laiilics’ or gentlemens’ wear, or
family use, and are determini-‘-.d to be able, at
all times, to so far supply every want that a
lady shall be able to sit dowir and select every
article she do-sircs, without. the fatigue‘ and per-
plexity of running about town, to make up her
assortinent,; and that too at. a lower price than
she could get. lliein lry proniiscuons shopping.
Their terms are cash. and only one price,
from which they never vary. and tliereforo the
most‘ ine.\'per‘icirceil purchaser. or even a child.
will lriry just as clreaprrs the most expert shop-
per. lo the selection ofllicirclerks they spare
no pains or expense to obtain those who are
l'.ll()l'()l1_\._llly cxpcr‘ierri-eil, polite and attentive,
enjoining the fri-,¢. exliibitiou oftheir goods, but
iii-vei‘ urging ci storners to buy.
In every departniciit of their stock they
keep plain low priced goods. wlrich tlicy sell as
cheap as they can be purclnised in any store
in any part of the ('ll_\'. as well as the richer
and llllf‘-l‘ qualities of which tliey mean their
stock shall be cqual to any in l\'ew York which
will iiiclirde amongst. otlier articles Canton
Crape Sliawl.-‘, and Casluncre, \Virolcir, and
'l‘liibct Long airil Square Slrriv. ls. Lace and
Muslin \Vindo\v Drapcrie.s. Linen and Muslin
Slreetiiigs and Sliirtirrgs, Talile Cloths, Napkins
and Diapers. \Vonli-n Blankets and Quilts,
Table. Piano, and Toilet. Covers; and iirdocd
a full assortment of lori-ign and domestic house
wife articles, of cveiy variety and kind. Also,
a full assortineirt of Mourning Goods. togctlicr
with a full and perfect assortinent of Gentle-
iner:’s l_ll1f_l0l‘Sllll'lS, rlrawcrs, scaifs and cravats,
silk rind lincir pocket. liarrilki-i‘cliii-.fs, gloves.
su.<pendcrs, lrosiery. lrroadi-lirtlis, cassiineres,
vestirigs. &c. at prices far below the usual
rates of Geirtleirieir‘s Fiirnisliing Stores.
lllTC![‘lC()Cl{ & LE.-\ DBE.-\'l‘ER.
538 347 Broadway. coi'riei' of Leonard st.
E. C. WARREN
Cabinet lilaker or Uuilertaker.
Two I)oor.s‘ East 0] [lie Baa/c,
s't‘.»\MI:iri‘.D, CONN.
OULD respectfully inform the inhabit-
ants of this, and the adjoining towns,
that being satislicd from the urgi-.nt ircccssily
wlrich has frequently existcd in cases wlrcn
death has lrceir caused by putrid diseases, and
in almost all cases of death occurring in warm
weiitlrer, that rnoie ample provision in the line
irl';ir-riclos necessary for the intermentzs of the
dead than has heretofore been made in this sec
tioii of the couiitry, is called for, he has been
induced to make the necessary ari‘iiirgein<-.rrts
for, and that he is now pri-.pai'ed to furnish Cof-
fins, Shrouds, Caps, Scarfs, &c.. ofevory des-
cription that may be di-siroil or that can be ob-
tained in the :ity of New York. at a moments
warning. day or night, and on the most reason-
able tcrms. lie is also prcparc.d to fii1'ni,sli
llearses, Carriages, see to the digging of the
grave, and to attend to any other arrangements
that. may he wished for the fnner‘al procession,
&c. Those who may wish to keep the body of
a i;lecc.ased friend scvi-rral (lays. can be fui‘nislied
with an ice-box in which it: may be preserved a
week, or longer ifriecess:ir'y.
The suhsci"rlrer has also on hand and for sale
Le.doven’s disinfecting l<‘luid——an article which
will tilfectually rcmovc from the sick room, oi
from rooms wlrcre. death has occurred,all offen
sive smell. and completely freshen and purity
the air. This fluid is far superior-to chloride of
lime or soda. it being much more powerful and
entirely free from smell. which makes it doubly
' E. CH A UNCEY \VARI‘lEN.
'7tf
valuable.
Stamford, Feb. 19th. 1843-
Cheap, Ready Fay,
A.\'ir
One Pr7'.ee Store. _
The Subscriber. graieliil for the patronage
heretofore received from his numerous friciids
and acquaiirtances during the past 95 years,
would say to them and the public. generally.
that he is now eiigrigeil in business on his own
account, and on the cheap, reac/_i/1ra_i/, and one
price s_i/.9(.em..
ll will be obvious to all reflecting minds. that,
to conduct. the mercantile business on the one
price sys/enr, and that a very low price, it must
be doire for ready pay.
Additions will constantly be made of season-
able goods. to his already large stock comprising
an unusual variety.
The sul.rscribcr flutters lrimselfthat from his
means and long experience, togctlier with the
help ofpolite and attenttive clerks Ire will offer
great inducements to all who may want good
and cheap goods.
SEYWOUR COMSTOCK.
New Canaan, Jan. 31, 1850. 6
Lockwood, I-Iaight &. 00.,
Agar!/8 /in‘ I/re Sale 0/
lSK’S 1’A'l‘EN'l‘ l\llC'l‘ALLlC BURI-
AL—CASE, which, being enameled both
without and within, is rendered perfectly air‘-
and-watei‘—tiglit, as a desirable article for pro-
tecliug the dr-.ad,for ordinary interment, for
vaults, for tninsportation, for removal after iii-
termcnt, &c.. &c. \Ve invite all to call and
examine, that they may see the beauty and
superiority of it over all others now in use.
Carpets at Westport.
Super-Brussels.Superand Corri-
rnoir lngrain, all wool; Cotton Iirgrain Striped
Veiiitian, Stair do. received this day from auc-
tion, aud will be sold at much lower prices
than those of the first part of the season.
S. MOULTON.
l/Veslport, June lllfh. 18:30. '
RIECIEI VED this day. a new lot of Clocks.
Looking Glasses, Lamps. Gerandoles,
plated Cake Baskets, Brushes, &c.
' C. E. DISBROW.
- , Wanted‘ ,
OURNEYMEN, on Boys’ Fudge Brrrgans,
C at FIELD <56 HENDRlCK‘S,
AVE in store anil ai‘c prepared to serve
their customers with new Goods, oi the
most elegant patterns and styles. including
ges, silks. and indeed eVf‘.l‘Yllllll_Q’ adapted t.o._,t,he
Yards Carpeting, consisting of
it Jfiitiiilg Ncinspaprr---imuotch to £itcraturr:,_
NORWALK,
POETRY. . .
VVORIC
B1’ c HA iu.r:s SWAIN.
Attend, oh Mari.
Uplift the banner oftliy kind,
Advance the ministry Of mind.
The mountain heiglrt'is free to climb,
Toil 0n——l\lA!\"S heritage is Tiiiu~;!
Toll on l
\Vork on and win :—
Life without work is unenjoved ;
'The happiest are the best. employed !_
4
business. bciuu tlienrselves in constant cirrnirit1'5’.”~?- it .. \V°“l‘ ""°"“3 “ml '"‘vl‘l5 l~l“" "'lgl"l‘553 blltlli
'”‘l’-3" And grasps the destinies of earth !
\Vork on!
\Vork sows the seed ;
Even the rock may yield its flower,-
l\'o lot. so hard, but human power,
Exerted to one end and aim,
May conquer fate, and capture fame!
I Press on !
Press ouwai'd,st.ill :
In Nature’s centre lives the fii'o
Tniit slow, though sure, does aspire;
Tlrrougli falhoms decp of mold and clay
It splits the rocks that bar its way!
- Prsss on I
If nature then
Lay tame benezith her weiglrt of earth,
\Vlion would her hidden fire know birth '1
Thus man, through g‘I‘(l1lfl6 Fate.rniist._ffiiid
\Vork on .'
Pause not in fear;
Preach no (lHs]iUl1(lllJ”‘, servile view,
\Vhat’erthou will'st. thy will may do!
Strengtlien each manly nerve to bend
Truth’s bow, and bid its shaft ascend I
Toll on I
Be firm of lieai‘t;
By fusion of unnumbered years
A C0lll._lll(“—lll. its vastness rears!
A drop 'tis said, througli flint. wlll wear;
Toll on, aird Nature’s conquest share l
i’I‘oil on I
'\Vithin thyself
Bright morn a_iid noon, and night succeed;
Power, feeling, passion, thought ancldeed;
]‘1l‘:ll'lllOlll(iUS beauty prompts thy breast,
Things zrngels love, and God hath blestl
‘\Vork on l
\Vork on and win !
Shall light. from l\ature’s depth arise,
And thou whose mind can grasp the skies,
Sit down with Fate and idly rail?
l\‘o-—ouward.' Let the truth prevail I
\Vork on !
MISCELLAN-Y.
A REPROOF or FoPri:nY.—Dean Swift
was a great enemy to extravagance in dress,
and paiticul-arl_v to that destructive ostentation
in tire rniddling classes, wlricb led tl1(_‘m to
make an -.ipp_car.-.n e above their condition in
life. Of his mode of rcprovirrg this folly in
those persons for whom he had an cstceui,
the fOl§0\V1ng instance has been recorded.
When George Faulkner, the printer,_,retui‘n-
cd from London, where he had been solicit-
ing subscriptions for his edition ofthe De/an’s
works, he went to pay his respects to him,
dressed in a lace waistcoat, a bag wig, and
other foppcries. Swift received him with
the same ceremony as if he had been an en-
tire strzmgei‘. “ And pray, Sir,” said be,
“what are your commands with me?” I
thought it was my duty, Sir,,‘ replied George,
“ to wait upon you inrinediatcly on my ar-
rival from London.” “ Pray, Sir, who are
you '3” “George Faulkirer, the printer,’
Sir." “ You George Faulkner, thefpririter l
VVhy, you are the most impiident, bare-faced
scouudrcl of an impostcr lever met with!
George Faulkner‘ is a plain, sober citizen,
and would never trick himself out in lace
and other fopperies. Get you gone, you
rascal, or I will immediately send you to
the House of Correction.” Away lvent
George as fast as he could, and having
changed his dress returned to the Deanery,
ivlrere he was'i‘eccive.l with the greatest.
cordiality. “My friend George,” says the
Dean, “ I am glad to see you returned safe
from London. VVby, here .,l]§rlS_l)Cel_’1, an im-
pudcnt follow with me just no“w',d;ressed in a
lace waistcoat,and he would fain pass himself
offfor you, but I soon sent lliiin away with a
flea in his car.”
A Hoosricu 1N BOSTON -'——'l‘l1e Editor of
the Cincinnati lnquirer writing from Boston,
tells the following story: lVestern folks feel
in this city as though in a strait waistcoat,
for their personal liberty is so hedged in,that
fijeeedom of action is gone. Those addicted
to smoking especially, feel twice the desire-
to promenade the streets, cigar in mouth from
the bare fact that the enemies of the fragrant
weed have forbid its use in the streets of
Boston. I heard an excellent anecdote oftlie
adventures of a live Hoosier in this city,
which illustrates the municipal regulations
of this mummy dissecting city, better than
E book. After a good dinner at his hotel, he
ignitcd a cigar and started out for a stroll.
After a few steps a policeman tapped him on
the shoulder‘, and informed him that the pen-
alty was two dollars for the offence of smok-
ing. He promptly pulled out a five dollar
bill, and i‘e.ceivi:d three in change. Proceed-
ing on his walk, in a few minutes he next
met a beggar girl who asked for something
to eat. Recollecting that he had the remains
of a hunk of gingerbread. the peculiar diet
of I-loosier-land, in his pocket, he generously
proffered it to the mendicant. Again he was
tapped on the shoulder by the policeman and
told it was against the laws of Boston to give
away offal, as it all belonged to the city,
and requested two moi‘e ilollars for this grave
offence. The three dollar bill was drawn
out, and when the policeman tendered one
in change it was refused by the Hoosier with
the cool remark. “ No, keep it, [shall want
“-70 uvliislle in a. few minutes.”
E” Policy” has been defined by some
one" to consist in serving God in-such a man-
ner as not to offend the Devil.”
CT. TUESDAY, "AUGUST 6, rsrir.
Proposed General Banking Lzuv.
The following “Report of the Joint Select
Commitfeeon the subject of a General Banking
Law, and :1 bill for a Public. Act,” was continued
to the next General Assembly, a‘nd"ordercd to
be printed with the laws of the State.‘
Jomv P. C. M.-vrngzn, Sec. of State.
GENERAL Asst-:MIxL;r.,.,l‘}’IaySession, 1850.
The Joint‘ Select C0_llil1,'J?l,i-l;_Ije_(_°., on the business
of General l3ariltirrg_.t(r,.i\vhi:éh' was referred so
much of the Message .«of.His Excellency, the
various petitions presented to Genizral Assemlrly-u
-ize the business of banking.” All of which is
respectfully submitted.
WM W. EATON. Chairman.
I An Act to authorize the business of Banking.
Sec. 1. Be it enacted by the Senate and House
of Representatives in General Assembly conven-
ed, '."bat the 'l‘rcasurer of this State is lierelry
autlrorized and required to cause to be cngravcil
and printed in the best manner to guard against.
counterfeiting, such quantity of circulating notes
via the similitudc of batik notcs in blank, of the
different denominations, authori'/.ed to be issued
by the incorporated lrank_s of this State, as he
iiiay fi‘om time to time; our iiccessary to carry
into effect the _pi‘o\'isi,<§n§§g,f,p_l;l1is Act, which
shall be stamped on their ;f'2icé"1"7vv_illr the words,
“ secured by the 1r,ledge§of'pu'b1ic stocks,” and
of such form as he may._.pvesci‘ibe'.
_ Such blank cii‘ctrlzitip‘gl'notcs shall be counter
signed,__n_urnlrer‘cd aiid'.:registei'e'(l in proper‘ books
10 be lll‘0l¢.l(le(l,-.2,i ddoept for that purpose in the
oflice,_o‘t'_s,a'i_d .’_l,‘t§ét1sirr‘er under his direction, by
such person as"the said Treasurer shall appoint
The ,,,,,1,__,he u,,w,,,.d ,,,,Lj,_0f,\1,,,q,1,.,_,_,_, ins register‘ for that purpose, so that each dcnoin-
ina_tion of such circulating notes shall bear the
unrfo1‘m.signature of sucliregistcr. ,
And it shall be the duty of the Tre_asurer to
receive mutilated circulating notes issued by
firm, and to deliver in lieu thereof other circula-
ting notes to the same amount, rvlienevcr request-
ed so to do by the makers ofsaid mutilated notes.
Size. 2. Any person or any number of persons
may establish offices of discount, deposit, and
circulation, upon the terms and conditions, and
subject. to tbeliabilitics prescrilred in this Act;
but. the aggregate amount of the capital stock Of
any person or‘ corporation organi7.cd under this
act shall not be less than filly tbouszmil dollars.
Such persons, under their hands and seals, shall
make a certificate which shall spccify—-
1. The name assumed to distinguish such cor-
poration or association and to be used in its deal-
iirgs. . -
The place where the operations ofdiscount
and deposits of such corporation or association
are to be carried on, designating the particular
city, town or village.
3. The amount of the capital stock of such
corporation or association, and the number of
slr’-arcs into which the satire shall be divided.
-1. The names and places of rcsidencc of'shzirc-
lroldcrs, and the number of shares held by each,
of them respcctivcl_v.
5. The pr-niod at which such corporation or
association shall commence and l(,‘l‘lt1lll1ilO;\\'lllCll
(.‘C‘l'llllC:llr: shall lreackrrowleilgcd before a pr‘op-
era‘-.itl1orit_\’ and i‘cc.oi'(lc<l in the Town Clc.-rk’s
office in the town where such corporation or as-
sociation shall be C:7lf1l)ll:‘l1(.'(l, and a copy there-
of tiled in the office of the Sccr‘i.-ta:-y of State ;
said certificate or any copv tlicr‘cof, ccrlificd b_y
either‘ the Seci‘ct.ai‘_v of State, or by the Clerk of
any town where such corporation or association
shall be located, may be used in evidence in all
courts and places for and against any such corpor-
ation or association.
SEC. 3. Any number of persons, who may as-
socialc tlicmsclves together for the purpose of
baiiking under this Act, and any individual
barrker‘ doing busiircss pursuant to this Act, shall
constitute &. make 21 corporation, under the name
and title assumed by him orlhcin in his or their
articles of association, and are herch_v made a
corporation under such name and title. with
power to sue and be sued, plead and be iinplead-
cil,answer and be answered unto, appear and
prosecute to firialjiidgiiiciit, in any court or else-
where; to have u courmou seal and to alter the
same at pleasure; to elect in such a manner as
the corporation shall delcrniinc, all nccess-.rry
officers ; to fix their compensation and define
their duties; to ordain and establisli by-laws for
tnc government of its affairs, and to alter and
repeal the same; and to employ all such agents
as it shall think liroper. And the corporation
shall have power, under their articles of asso-
ciation, to provide for an increase of its capital
and of the number of their associates from time
to time as they _may think proper‘.
. SEC 4.‘ Such "p‘e.-rson or‘ association of persons
or corpora'tion having transl'ci‘red to the Treasu-
rer securities according to the provisions of this
Act, shall have power to carry on the business
of banking, by discounting bills, notes, and oth-
er evidences of debts ; by receiving deposits, by
buying and selling gold. and silver bullion for-
eign coins and bills of_e-figilrauge, in the manner
specified in their articles of association, for the
purposes authorized by this Act; by loaning mon-
ey on real and personal security; and by excr-
cising such incidental powers as shall be neces-
sary to carry _oir such business ; to choose one of
their number President of such corporation, and
to appoint a cashier, otlicers and agents at pleas-
ure, and remove the same, and appoint others in
their places. '
SEC. 5. Whenever any person or corporation,
_or association of p(.‘.l'SQll§_.;lg)1‘me¢‘l for the purpose
of banking under tlie_«‘».'p_i-o\'i‘s'ioiis ot“thi»s Act,
shall legally transfer to *?t7‘l-i‘e.;’lfr_=c:;siii'ei' of this”
State any sufficient iroi‘tioii,',by the provisions of
this Act of the public (lCll‘fl_fliclS_\=.c1'eatc(l or here-
after to be created by the Un‘it.é__d.Stal.es, or by the
States of New York, Massaclius-e'tts and Ohio,
or of the cities of New York and Boston, or of
any incorporated city in the State of Connecti-
cui.
Such person, corporation or association of per-
sons,shall be entitled to receive from the Trcas-_
urer an equal amount of such circulating notes
as are mentioned in the first section of this Act,
of difl'ci‘eut denominations, registered and coun-
tcrsigned as_al'orcsaid. But such securities shall
in all cases be, or be made to be, cqualto a stock
1
not be lawful for the Treasurer to take any stock
at a rate above its par value,
SEC. 6 Such person, corpiration or associa-
tion of persons are hereby authorized, after hav-
ing executed and signed such circulating notes
in the manner required by law to make them ob-
ligatory promissory notes payable on demand, at
the place of business within this State, of such
person, corporation oiaassociation, to loan and
circulate the same as money, according to the
ordinary course of banking business as regula-
.ted by the laws and usages of" this State.
Sec '7. In case ‘he maker or makers of any
such circulating notes countersigned and regis-
tered as aforesaid, shall at any time hereafter,
on lawful demand, during the usual hours of bus-
iness, besween the hours of ten o’clock, A. M.
and three o’olock, P. M. at the place where such
note is payable, fail or refuse to redeem such‘
note in the lawful money of the United States,
the holder ot"said note making such demand may
cause the same to be protested for non-payment
by a notary public under his usual seal of office
in the usual manner, and the. treasurer, on- re-
ceiving and filing in his office such protest, shall
forthwith give notice in writing to the maker or
makers of such note to pay the same with cost
of protest ; and if hevor they shall omit to do so
for ten days after such note is sent to them, the
treas-urcr shall iininediately tlrereupon (unless he
shall be satisfied that there is a good and legal
defence against the payment of such note and
notes) give notice in a paper printed in‘ the Coun-
' ty where such Corporation has its office of dis-
Govcrnor, as relates to tlifrf subject, together with»
in aid thereof, have att_endod to the duties de-
volving upon them, ani ask leave to report the .
accompanying “Bill for a Public Act to author'- '
producing six per cent. per annum, and it shall -
‘.
®ctI£ral31lillllgtII££, iflolitirts, i2\gti_r‘ult,ur:e,‘1-tttsi aiih fllaiiufarturcs.
9
AT TWO DOLLARS Peri ANNUM._
,s.
LVOIJUME XXXIII.--NUMBER 32.
count and deposit, and in such other manna‘: as
he deems advisable, that all the‘ circulating notes
issiieil by such person, corporation or association,
will be redeemed out of the trust funds in his
hands for that purpose, and the 'l‘r-easurer’sliall
be required to apply the said trust funds belong-
ing to the maker or makers of such protested
notes to the paymentpro rata of all such circu-
lating notes whether protested or not, put in cir-
culation by the maker or makers ofsuch protest-
‘ed notes, pursuant to the provisions of this act,
“and to adopt such measures for the payment of
_sufclrnol'cs, as will iir his opinion most cfl'ectu:r.l-
_ly prevent loss to the holders thereto.
SEC. 8. The Treasurer may give to any per-
son, or 3SSOLl'ull0n of persons so tl‘€lnSfP.l'l'llig
‘‘stocks in pursuance cf the provisions of this act,
powers of Attorney to receive interest or‘ divi-
dends thereon, which person or association may
receive and apply to their own use; but such
power of Attorney may be revoked upon such
pci‘sons or association failing to redeem the c.ir-
culating notes so issued, or whenever‘ in the
opinion of the Treasurer the principal of such
stock or bonds shall become an insufficient secu-
rily; and the said Ti‘casui‘cr iipou the applica-
tion of the owner‘ or‘ owners of such trairsferred
stock and bonds in trust, may, in his discretion,
change or transfer the same for other stock and
bonds of the kind before specified in this act, or
may 1'0-ll‘i1,l1Sl'Cl'l'lle said stock and bonds or any
part thereof, upon receiving and cancelling an
equal amount of such circulating notes deliver-
cd by him to such person or corporation, in s "1
manner that the cii‘crilatirig notes shall always
be secured in '11”, as in this act provided.
SEC. 9. Wlicircvei‘ in lhc opinion of the Treas-
urcr and the School Fund Commissioner the so-
curitics dcposttcd7'f'or the redemption of circula-
ting notes becoinc insufficient for that purpose,
they inay order such corporation, association or
individual banker, to either furnish such addi-
tional security as the said 'l‘r‘czr.-:iri‘cr and School
Fund Commissioner may require—or to return
to the Trcasiircr such propirrtioii of their circu-
lating notes received by such association or bank-
er ofsaid 'l‘i‘i':asur.-1‘ as the 'l‘rcasu1‘ci‘ and School
Fund Commissioner shall deem advisable in or-
dcr to protect the bill holder from loss. And in
such case where, in the opinion of the Treasur-
er and School Fund Commissioner, the securities
deposited for the rcdcxnplion of circnlatiirg notes
become insuflicicnt for‘ that purposc—thc 'l‘i‘cas-
urcr may revoke the pen or of attorney mention-
cd in this act, and receive the dividend on all
stocks as well as the interest on boirds, and shall
deposit the same in some safe institution in his
name in trust for the corporation or banker to
whom the same may lrclong. The deposit to be
made on such ter‘nrs and at such rates of interest
astlie Treasurer may deem most conducive to
the interest. of such corporation or banker, and
be withdrawn and paid over, wbcncvcr, in the
opiuioii of the 'l‘rcasirrcr and School l~‘und Coni-
missioner, the securities of such corporation or
banker shall be sufficient to warrant it.
SEC. 1!). In Case any corporation or individu-
a‘l banker oi‘_r_;anizcd under this act shall fail to
comply with the ordcr of the »'l‘re:isnrcr and
School Fund Commissioner, requiring them to
furnish additional securities or return their cir-
cnlating notes for the period of twenty days
front the t.nrc SllCllOl'(lCl'\\'i1S given, then it shall
be the duly of the '1‘i‘c:1su1‘cr to apply to a .ludgc
ofthc Superior Court for an ordcr from said Jud,-_-‘e
dcclai‘iii;_{ such corporation, association, or indi-
vidual bankcr lnS()lVI;'!1l. And if the said .ludg_;c
shall lirid that the said C'0l'[)Ol‘:1l'l<m, associatiorr
or indrvidiial banker, has not coinpliod with the
ordca of the 'l’rea-‘urcr and Scliool Fund Coni-
inissioncr, he shall tlir.-rcupon declare such cor-
poration or individual banker: insolvcnt, and shall
appoint a receiver who shall proceed in the mat-
ter as pr‘ovidcd in this act. _
_ SEC. 1]. ln case such corporation or associa-
tion of persons or individual lrankcr shall fail or
rcfuse to pay such bills or notes on denrzrnil in
the manner specified in this act, the ’l‘reasurcr
after t.hc ton day’s notice herein mentioned may
proceed to sell at piibiic auction the stocks or
bonils so plctlged, and out of the pr'or:ccds of such
sale, shall pay and cancel the said bills or notes,
default in paying which shall have been maile as
aforesaid; but nothing in this act contained
shall be considered as implying any pledge on
the part of the State for the payment of said bills
or notes beyond the proper application of llre se-
curities pledged to the Treasuscr for their re-
demptiou.
SEC. 12. The securities to be dcp asited with
the Treasurer by any such person, or association,
of’ corporation,shall be held by him c.\'clusivcly
for tlld1'C(lCmpli0n of the bills or notes of such
person or corporation put in circulation as mon-
ey until the same are paid.
SEC. 13. The plates, dies anil materials to be
procured by the 'l‘rcasurci‘, for the pi‘iirtin;_i; and
making of the circulating ,no1cs provided for
hereby shall remain in his custody and under his
direction, and the expenses necc.-:sai‘ily incurred
in c\‘ccut.ing the pI'u\'isiuus of this act, shall be
audited and settled h_v the Treasurer and paid
outof any 1110l’1e_\’S in the Trcasiirynot otl_rcr-wise
appropriated ; and for the purpose of rerinlrurs-
ing‘ the same, the said Ti'easurc1' is hereby au-
thirrizeil and required to charge against and re-
ceive from such person or corporation applying
for such circulating notes, such rate per cent.
thereon as may be just and reasonable.
SEC. 1-]. It shall not be lawful for the Treas-
ui-or, or other officer, to countersign bills or notes
for any person or corporation of persons to an
amount in agincgatc cxcccilrg the stocks and
bond at the.r:rtes, provided in this act, deposited
with the 'l‘reasurer by such person or associauon
——and any Ti‘easi,i,i‘,cr-—or' other officer: who shall
-'-.‘lirlgl.') tli9_pro‘.*isi(rns of this Act ‘shall, upon
c(,iwi(?fi‘r'rn, be adjudged guilty of a misdemean-
or, and shall be punished bya fine not less than
five thousand dollars, or be imprisoned not, less
than fivcyea1‘s, or by such fine and imprison’-
ment both, at the discretion of the court having
jurisdiction of the offence. . _
Sec. 15. The shares of said association shall
be deemed personal propert_v, and slrall be trans-
ferable on the books of the association in such
manner as may be agreed on in the. articles of
:1ssn(‘.la.il0n, and every person lrecouiin'.{ a share-
holder by such transfer, shall. in proportion_ to
his shares, succeed to all the rights and liabili-
tics of prior sharelioldcrs; and no change slrall
be made in the articles of association by \\_'liit'l1
the rights, 1-cinedies, or security of its existing
creditirrs shall be weakened or impaired.
Such association or corporation, shail not be
dissolved by the death or insanity of any of the
slrareholders therein.
SEC. 16. Contracts made by any sucbcorpor:1-
tion. and all notes and bills by them issued and
put in circulation as money, shall be s.i.?tned
the President, or Vice President and Cashier
thereof; and no writ, action or proceeding shall
abate by reason of the death. resignation or ‘re-
moval from ofiicc of the officers of said corpor-
ation. but maybe continued and prosecuted ac-
cording to the rules of law in such cases provi-
dcd.
SEC. 17. The shareliolders of associations
formed under this act. shall be individually re-
sponsible, equally and ratealrly, whenever de-
fault, shall be nrade in t.he payment of any
debt or liability contracted for banking pur-
poses, issuing bank notes or any kind of puller
credits to ciiuuliite as money, to the amount;
of such debt or liability with interest. to the
extent of t.lie'ii"respective shares of stock» 1"
airy such corporation or association, and to no
further extent.
SEC. 17. If the capital stock of any such
corporation shall be withdrawn rind refunded
to the stockholders befrre the payment. of all
the debts of the corporat.ioii for which such
stock would have been liable, tire stockholders
of sucl), corporation shall be individually liable
to any such creditor of such corporation‘ in an
action founded ozrthis statute. to the amount;
of the sum refunded to them respectively as
aforesaid.
And it shall not be lawful for any such cor-
poration to make any dividendsor profits on
the shares of the capital stock of the corpora-
tion, until the deficit of capital shall ha.v_e been
made good, either by the subscription of the
slirirebolders, or out of the subsequently ac-
cruing profits of the association.
,And if it shall appear that any such divi.
clouds have been made, it shall be the duty of
any judge of the ‘Superior Court, upon the
fact being proved to him, to declare the corpo-
atiou insolvent, and appoint a receiver, who
shall proceed as liereinafter provided-
Si-:c. 19. Airy creditor of any 'corporation or
individual banker formed under this act‘, hav-
ing a demand exceeding in amount the sum of
one hundred dollars arising upon any debt or
liability ofsucli corporation or individual bank-
er, the payment: of which shrill have been re-
fused by such corporation or banker, may at;
any time after ten days from the time of such
refusal, apply to a judge of the Superior Court
for an-order declaring such corporation or lhiji-
vidual banker‘ insolvent, and for an injunction
as liei‘eiiraftei‘ provided. If, in the opinion of
such judge, upon the facts, presented, it be ex-
pedient. in order to prevent fraud or injustice,
he may grant an order for a temporary injunc-
Lion, restraining such corporation or individual
banker, and its or his officers, from paying out,‘
or in any way transferring oi‘ deliverin 1 to airy
person airy money, or assert of such corpora-
tion or banker. or incurring any debt or obliga-
tion until such order be exci:ut.e(l or modified.
And such judge is ziritliorized, in his discretion,
to grant the same proceedings in this case, as
in the next section of this act.
Size. 20. If atauy time an execution against
the propertyof any corporation 01' individual
banker organized under this act, shall be re-
turned iiiisatisfied, in whole or in part. or upon
proof satisfiictory to airy judge of the Superior
Court, that any such exec-urioir, although not
returned. cannot. be satisfied out of any prop.
erty of the defendant. he shall at once mill,-3
an order declaring the insolvency of such cop-
poration or individual banker, and appoint a
receiver.
Size. 21. Every receiver‘ appointed according
to t.his act, after‘ giving security to the Court
Prolrate within whose district the corporation
or individiral banker’s place of business is lo-
cared, that he is to adniiirister upon. shall take
into his possession all the property, effects,
books, papers, accounts and demands of such
corporation or individual banker, including the
securities, if any. which may have been de-
posited with the treasurer, belonging to such
corporation or ilSS()Clilll0ll.
And he shall irinnediately proceed to settle
the afliiirs of such corporation oi‘ individual
lranker‘. in accordance with the laws of this
State for the settlement of iiisolvmrr, c_,-t;ites,_.
and sucli ordei's as the Court of Probate may
make rclativc tliercto from ltimelto time.
5150- 1313- ll‘. after paying and discharging
the debts aird liabilities of such r,-oi-poratioii or
individual banker, as herein" provided, and de-
frzrying all the expenses of the proceedings,
there shall rcinain or come into the hands of
the receiver airy other assets or effects of
such corporatioii or iudiv dual banker‘, the same
shall be coiivcrtcd into cash, in the way the
receiver deems for the best interest of the
sliarelrolder‘s of si.ich corporation or individual
banker, and shall be paid to the slrai‘e'r1olders
upon whom airy such debts or liabilities were
apportioned, in just aml equal proportion to
the sum contributed and paid by them.
Sr-zc. 23. It shall be lawful firrsucli corpora-
tion to pnrcliase, hold and convey real estate
for the following purposes:
1. Such as shall be necessary for its imme-
diateiiccomnrodation in the convenient; trans.
action of its business: or
2. Such as shall be inoitgaged to it in good
faitlr, by way of security for loairs made by
them, or moneys due to such corporii.tion; or
3. Such as Sllhll Le conveyed to it in saris.
friction of dcrls previously contracted in the
course of its derilmgs: or.
4. Such as it shall acquire lry decrees of
f-'rrcclosure, or be set off on execution to such
corpor:rtion.
The said corporatiirn shall not purchase,
hold. 01' convey real estate in any other case.
or for any other purpose; and all conveyances
of such real estatc shall be made to the presi-
dent or other such oflicer as shall be indicated
for that purpose in the articles of association;
and the president or other officer, and his suc-
cessors from time to time, may sell. assign,
anil convey the same, free from all claim
tlrereoir, iigriinst any of the shareholders or
any person claiming under them.
Site. 24. Every corporation or‘ individual
banker organized under this act, shall, on the
fifteenth day of March, or within ten days
thei‘eaftcr, in every year after having coin-
inenced tlieii‘ business as prescrilred in this act,
and as rrruch ofiener and at such tiines as the
treasurer may, in his discretion, direct, make
out, and transmit to the t.reasurei‘, in the form
to be provided by him, a full statement; of the
affairs of the corpor‘at.ion verified by the oaths
of the f’resident or Cashier. which statement
shall contain, ‘
1. The amount. of capital stock paid in ac-
cording to the provisions of this act, or secured
to be paid.
2. The value of the real estate of the cor-
poration; specifying what; portion is occupied
by the coi‘poi‘ation as necessary to the transac-
tion ol' its business.
3. The shares of stock and the amount of
bonds held by such corporation, whetlior abso-
lutely or as collateral secui‘ity ; specifying each
kind and description of stock and bonds, and
the number aird value of each.
The amount: of debts due to the corporation;
specifying such as are due from moneyed or
other corporations or associations, and the
names of such corporations or associations, and
the amount. due from each; and also specify-
ing the amount secured by bond and mort-
gage or judgrneut.; and the amount; which
ought to be included in the computation of
losses. aird the total amount: of such debts then
collectable.
2. The amount of debts owing by the C01‘-—
poration or individual banker, specifying such
as are payable on demand, aird such as are_duo
to moneyed or other corpor‘atioiis, associations,
or individual bankers, the names of such cor-
porations or associations, or, individual bankers,
and the amount due to each.__ A .
6. The amount of claims against the corpo-
ration or individual banker‘, not acknowledged
by it or him as debts. _
7. The amount for which the c-’)l'|‘l0l'fli.lOl'l
or‘ individual banker‘ is bound as surety. or for
of contingent events.
I-
which it may become liable on the happening _
8. The ainouirt of notes or bill: than in cirj
Norwalk Chronicler