In re the Empire City Bank

By the court—Roosevelt, Justice.

By the eighth article of the present constitution of the state—which went into operation on the 1st of January, 1847—it was provided, among other things—and the provision shows the prevailing grievance of the times—that the stockholders in every corporation, and joint stock association, for banking purposes, issuing bank notes, or any kind of paper credits, .to circulate as money, should be individually responsible to the amount of their respective shares of stock for all its debts' and liabilities; and that no suspension of specie payments, “ by any person,…