{"newspaper_name": "The New York herald.", "edition": "01", "page": "p2", "byline": ""}
{"character_count": 2325, "word_count": 419, "ccnet_language_score": [0.9143000245094299], "ccnet_perplexity": [1679.5999755859375], "fasttext_language": ["en"]}
pany exceed three times the amount ct such actually
paid IN on its capital stock, and remaining " csp'


sEcrlor ssh. In any Independent Company fails


Its notes demand the Treasurer OF the state
cause the stocks pledged by such company to be
Old either in the city OF New York. in this city OF Co.
umpus and out OF the proceeds redeem the circulation


SECTION a. The Stockholders collectively, of any Ia.
dependent Banking Company, shall time be liz bio
both, greater than three fiiths Of the
amount OF capital stock paid in shall the Directors
oe so liable except 10 such amount and such
shall he prescribed by the laws Of such company
adopted by its stockholders.


SECTION As. Any Independent Banking Company wish
ing to reduce lis circulation must deliver amount not
less at any time than five thousand dollars 10 be de-
stroyed and the Treasurer shall retranster
ponding amount Of funded debt deposited.


The sections from the 45th throughout the remainder
Of the bill, contain general provisions appears by
thorized One the State Bank OF Ohio and branches,
with capitals not to exceed So OO0 and the indepen
dent or free banking system similar to that OF this State
The two systems authorized by this bill do not materially
diier om the Safety Fund and Free Banking systems OF
this State. This bill is strict party measure. The
and the Governor Of the State belonging to the same
party they have been able to get bill to SUIT them
been ssc0m py p
ached 10 the bill will tall upon the whig party, and
whatever benefits may arise from ts that patty
will take the advantages Of them or the two systems
authorised the free Independent banking system ap
to be the safest the simplest and best adapted to
the business of State like Ohio The other Safety
system is too complicated too loose in s resric


ons and less safe than the other II 10 limited tar a.
capital bat there is not that safety to the
bill holder the ndePend mt system nsures The princi


the security Of the bill holder This law provides for
the redemption Of the circulation Of every nsolvent
bank frst after doing which, regulates the dstribu
ton Of the remaining assets among the remaining cred
country making the bill holder perfectly is the
Fres Banking system Of this stae as It is now amended
aao o. , 70 Z, he
branches OF the State Bank OF Ohio.