50 MONOPOLY OF YELLOW OR CALISAYA BARK. 
shareholders entered into the society will be convoked. If by a 
majority of votes it is resolved to establish the same, giving secu- 
rity for its responsibility, it will be considered installed. From 
its beginning the society will admit or receive in the two follow- 
ing months the subscriptions which come in until their number is 
complete. If after the lapse of this time the number should not 
be complete, the shareholders may form a bank of themselves, 
taking upon themselves the responsibility of beginning anew their 
undertaking. No share will be admitted the term of the four said 
months once expired. 
Art. 9. The Bank or National Society shall pay to the princi- 
pal factors of Paz thirty pesos to the merchants and workers of the 
mountains for every quintal of Calisaya bark of first quality, twenty 
for Charquisillo, seventeen for Canuto of the green Calisaya, and 
$30 duty on Calisaya, $16 on others. 
Copy of the Decree of The Bolivian Government. 
Considering, 
1st. That the number of bark-cutters has caused such an accu- 
mulation of bark in La Paz, that the National Bank has not been 
able to export or buy it at once without exceeding its annual 
amount, so far as to have actually in deposit the quantity corres- 
ponding to the second year, and even a part of the third. 
2d. That it is the duly of the Government to protect the bark 
forests, menaced by imprudent and excessive cuttings. 
3d. That the Government, regardful of its contracts, cannot view 
with indifference the immoderate cutting of bark, which lowers its 
value, compromising at the same time the interests of the public, 
of the Bank, and of the Treasury. 
Decree. 
Art. 1. The cutting of the bark is prohibited throughout the 
Republic from January 1, 1851, for the three succeeding years. 
Art. 2. Bark already cut, or which may be cut up to Decem- 
ber 31, 1850, shall be taken to the custom-house at La Paz, by 
the 1st of March, 1851. 
Art. 3. Bark cut after January 1st, 1851, or which may be 
found on the road, or in any other place, after March 1st, is con- 
fiscable by the authorities, by any individual or public officer, who 
