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Show LIABILITY OF BANKS. While some of the wildest speculations specula-tions and propositions have agitated New York financial circle, within the past two days, as will be seen by refcroncc to our dispatches, numerous numer-ous inquiries are very naturally being made all over the ceuMry as to tlie. condition of this or that bank. In view of this fact, the responsibility of banks in general and Nation;!! banks in particular should be more widely understood. The stockholders in a printe banking house, like (lie u.irt-' u.irt-' ners in any ot'ucx commercial oitex-priaj, oitex-priaj, unless where organized oa the English limitui liability principle, arc responsible for the capita! of the bank with their entire personal property, pro-perty, except so inuca as would be exempt by lar; In National banks tho stockholders are resiMutble, with their private means, for tu: amount e.jua! to the amount of stock which they o"U in the bank, as -well :is for the stock itself. Depositors, th; re-fore, re-fore, may form a very good kit-a of the soundness of the institute ns with which they do busiiv-. if they :uv at all a-qua;ni.'d with tho private financial omditinn of l';elitckho!d rs. Should a National bank ie f reed (o siLspend. itssliarehoM":. fp-ni ih. :r private menus and in rui-ii'i"!! l t'cc sum tlu-y may have hivc?t-i in uvk. nuwt make got.I a::y an:'i:it ti,a: may be lacking from the p.iid u;-. uip-ital, uip-ital, to the full extent of their .-haieS. National banks an- a!.- reoolrvd by !:lw kX'p a list uf their st- .ckh..d.TS s'lH-n for ttw. iup-t"-.ii ,,f nil ,!. ;.,-;. tors, wlin ean t:uu a :: th- u '.-.v., at any time as t. w-.u .-(. k;,-ild- |
