Alexandria advertiser and commercial intelligencer. [volume] (Alexandria [Va.]) 1800-1803, 1803-01-01

That frois theEgrcst diminu;ion Of
.r.d- between tba cosntry aud iiol-
,sas, IS has afcrrtainea during his late
s S gG;,n Is New aors and Philadel-
ph;s, that il is inspasFeab'e 70 Obtain
Hills I'd fSoslssd 70 Nst amount That
,hs rat,. 81 exchange sslready forty lone
.srts rsr ouii..er, and that any attempt
- the BARI q. the soysrnnent TO procure
.shs la-os sn1oaat now wanted, woali IN
san,sss1r ,ss:s {. ,fidefa5Iy the rate Of ex-
shsooe that if il fhali + attempted 70
,en,s.1 s. The way Of England, the lois
w;Il s coolisrable, shepreieat rate OF
exchange with that country, beng now
sboye bar aud rating, andwcald indabit-
ably s. enhanced, ftlsuld government come me
into the maker tor large mrehaies !: and
tbe rate of exchange between hpgiano ana
Holland, bsing by the BIT adslees ten
ruildsrs eight fiyeFs per poand sseFiing'
nor likely to become more tayoraolt'
,gbich fuDpoline the whole'nount IN bills
on England to be procurabe (Which is not
believed 20 be the fa6tl at Ios, would,
including the commiiiion O one per cent.
= England, amount 10 toru- three s aaalf
cents Der auilder. Thatlhe hank OF the
Uui;ed States having been apEslsi TO, has
refufed 10 undertake TO contract :or max
ing the neccfary remittance AND that
the two only comfortable ofsrs made to
me Secretary, are now fubmiued to the
Boayd, viz. !.
The Manhatten Company offer TO re-
mi, the whole, at the rate OF forty three
cents per guildsr. s,
Alexander Barring offers to remit guild
ers 3,I4o.4S7 IS! payable in Anlfer-
nam al the following dates. VIZ.
1T Of Ian. 1903, 6o5ooo Guilders
ra of February, 6S5,ooo DO.
ift of March, $4,000 90.
1T Of June, 1,4z5,4lS I6I do.
and at the rate of .orty one cents per
Guilder, provided, however, that the u
nited States ihall cell to him the two thou
iand two houdred ard twenty flares in
the Bank of the United States, owned
10y the United States, at iofy FIVE FER
cent. advance, or at the rate OF hve hua-
dred and eighty dollars per ihare I; which
lait propoGgion IS recommended by the
Secretary of the Tresiufy, as the moi
eligible as excluiively Of the advantage
xous rate of exchange, thereby !scured,
the tranEaeiion will not have any unta-
.yorahle efea on the rate of exchange
generally, and by 70 comfortably airli
nilliog the demand, will enable tie Y.
Ststes to obtain what is Gill waute& At 3
Reasonable rate: And becauie, in his Cpl
mon, the price obtained for the Bank
Shares, is more than could be obtained,
were they thrown IN the marked for ia'e,
ard more than their intFinic yaiae.
Whereupon, il was rcfolved, by tie
Board, Is That the fecfetary Of the sIes-
fury be authorized TO fell the flares Of The
Stock of the Bank of the United States.
belonging to tfc United States; and that
the proceeds thereof be applied tothe pay,
nent Of the capital or p,insipal of any
part OF the debt Of the United States,
which had become due TO the Bank of
the United States, before Of during The
cou-fe of the year 1896, aud which re-
mains Gill unpaid, in conformity TO the
proviGons of The att entitled /" An ats
making proviGon for the payment CT GER
tain debts of the United States,' pafsd
on the 3Ia,iay of May, 1896.
lSigned)
JAMES MADISON,
Secretary IF STATE.
st DID ~ CsJT TIM