altered United States, or circulating note of any banking associ- forged or ation organized or acting under the laws thereof, which has been or may hereafter be issued by virtue of any act of Congress, with the intent that the same be passed, published, or used as true and genuine, shall be imprisoned at hard labor not more than ten years, or fined not more than five thousand dollars, or both. (SEC. 5437.) In all cases where the charter of any corporation which has been or may be created by act of Congress has expired or may hereafter expire, if any director, officer, or agent of the corporation, or any trustee thereof, or any agent of such trustee, or any person having in his possession or under his control the property of the corporation for the purpose of paying or redeeming its notes and obligations, knowingly issues, re-issues, or utters as money, or in any other way knowingly puts in circulation any bill, note, check, draft, or other security purporting to have been made by any such corporation whose charter has expired, or by any officer thereof, or purporting to have been made under authority derived therefrom, or if any person knowingly aids in any such act, he shall be punished by a fine of not more than ten thousand dollars, or by imprisonment not less than one year nor more than five years, or by both such fine and imprisonment. But nothing herein shall be construed to make it unlawful for any person, not being such director, officer, or agent of the corporation, or any trustee thereof, or any agent of such trustee, or any person having in his possession or under his control the property of the corporation for the purpose hereinbefore set forth, who has received or may hereafter receive such bill, note, check, draft, or other security, bona fide and in the ordinary transactions of business, to utter as money or otherwise circulate the same. Penalty for unlawfully putting in the notes, drafts, etc., associations. circulation of closed Persons not agents of officers or closed associations may circulate the notes of such asso ciations. THE INTEREST LAWS OF THE STATES. [Compiled from the Banker's Almanac and Register for 1875.] See page 225 for penalty for usury by national banks. 3 Arkansas 4 California. 5 Colorado.. 6 Connecticut 7 Dacotah.. 8 Delaware 9 Dist. of Columbia. 10 Florida... 11 Georgia 12 Idaho 13 Illinois.. 14 Indiana. 15 Iowa. 16 Kansas 17 Kentucky. 18 Louisiana. 19 Maine. 20 Maryland.. 21 Massachusetts. 22 Michigan 23 Minnesota.. 24 Mississippi 25 Missouri 26 Montana. 27 Nebraska 28 Nevada... 10.. §.. None. 6.. .. None. 10.. §.. None. 7.. §.. Forfeiture of all interest. 6.. 6.. Forfeiture of contract. 6.. 10.. Forfeiture of all interest. 7.. 7.. None. *10.. 24.. $300, or imprison't 6 mos. or both. 7.. 12.. Forfeiture of excess over 12 per ct. 5.. 8.. Forfeiture of interest. 6.. §.. Forfeiture of excess. 6.. 6.. Forfeiture of excess. 6.. §.. None. (6 per cent on judgments.) 7.. 10.. Forfeiture of excess. 7.. 12.. Forfeiture of excess over 7 per cent. 6.. §.. None. 6.. 10.. Forfeiture of all interest. 10.. 12.. Forfeiture of all interest, and costs. 10. §.. None. 29 New Hampshire.. 6.. 6.. Forf. of 3 times the interest rec'd. 30 New Jersey 31 New Mexico.. 32 New York 7.. 7.. Forfeiture of all interest. 6.. 12.. None. *7.. 7.. Forfeiture of contract. 33 North Carolina... 6.. 8.. Forfeiture of interest. TABLE No. 1.-NATIONAL BANKS IN THE UNITED STATES IN OCTOBER OF EACH YEAR. 77,995,761 724,965,504 657,668,847 1869. 1617 426,399,151 1870. 1615 430,399,301 1871. 1767 86,165,334 641,946,755 682,883,106 94,705,740 625,889,332 715,928,079 458,255,696 101,112,672 789,716,706 831,552,210 1872. 1919 479,629,144 1873. 1973 490,678,367 110,257,516 869,544,773 120,314,499 872,500,104 650,304,688 801,067,032 1874. 2004 493,765,121 128,958,107 865,119,036 949,870,628 1875. 2087 504,829,700 1876 (March) 134,356,076 885,087,560 980,222,251 945,868,248 For comparison with the above amounts the following summary of the condition of banks in the United States about January 1, 1857, is taken from the annual report of Hon. Howell Cobb, then Secretary of the Treasury: TABLE No. 2.-RELATIVE VALUES OF GOLD AND UNITED Showing the gold value of United States notes with gold at any price .9134 46. .60 6812 12... 891 49.. 13... .881 50. 2 ..66% 87. 2 8 554 116. 5512117.. .6912 81. .5514 118.. 82.. 55 119.. .91 47.. ...68 84. 54% 121.. .4514158. .87 52.. 16.. 8614 53.. 35.. 36.... 37... .73 671/8 86.. ..534123.....44% 160. 88.....534 125. 65% 89. ..53 126... 4414163 65% 90.. 525 127.....44 164. 65 64 641/8 91. 92. 93.. 521 128. .43% 165. ..52 129. .514 130. 43% 166.....375 431% 167. 2 63% 94.. .51 131... 4314 168. 43 169. 133.....42% 170. 6212 97.. 504 134..... 614 98.....5011⁄2 135. 613% 100. 8 .50 137. 491 139. 42% 171. 2 .421 173. 3 .49 141. .411⁄2 178.....36 47% 146. .40% 183.....351 8 2 .36 473% 148.....401 185.....35% * According to the officially-published quotations of the gold market in New 8 421% 174. 365 2 .42 175. 363 361/4 |