Virginia Argus. [volume] (Richmond, Va.) 1796-1816, 1808-06-24

DC bound anrlcpncuded.
ARTICLE
The objects of this association are de-
clared To be the establishment and carry
ing on OF manufactures of cotton, wool.
hemp and fax, and the dying and fulling
Of cloths, and the promotion Of such other
domestic manufactures IS shall be direc ed
ny general meeting; but in the com
mencement OF This establishment, the ope-
ratlcnS of The manufactory viii be directed
to the cartliug and spinning of cotton and
wool by means of the latest improved L.
bour saving machinery, 20 be erected in
or near the city of Richmond, ana put into
motion by water-andto the dying and full
ling Of cloths.
ARTICLE II.
The capital stuck of The company shall
consist Of five hundred III, usand dollars, to
be raised by subscription on twenty thou
sand shares 1T twenty FIVE doilars each
share; one fifth or fve dollars on each
share shall be paid tothe comm SSIonerS Z,
ne time of subscribing /; and one firm or
hVe dousrs more on each share shall be
pad IN sixty days hereafter, 10 the Prcsi
dent and Directors If chosen, and if NOT,
- the commisSior ers appointed for the city
1T Richmond; the residue al the subscrip
: ION by instruments 'ef Eve dollars each, az
shall be called for BY the autheritier
hereafter mentioned. Any proportion oi
The said capital stock not exceeding two
NTH parts thereof may DE subscribed 10
~ the state, if il shall be the pleasure o
she general assembly at their next session
10 do So.
That books be opened on the first Mon
DAY OF August next a, the following places,
Win
Richmond end lHcncheater, under the
direction OF William Foushee, senr JosepH
CALICO, Robert Gamble, Samuel q. A.
dams and Benjamin Hatcher-In
.NorflK ana Portsmouth, under the d..
rection of Theoderick Armisiead, William
Pennnck, Luke Wheeler, Richard Blow.
and Samuel Marsh-In
Peters6nrg, under the direction orJames
Campbell, Ebenezer Scott and John Shore
--ln
,ffedericksturg, under the direction of
Hugh Mercer, Robert Patton and George
French--In
HfRJaa'sburg, under the direction of
James Madison, Robert Greeuhow x James
Semplc--ln
Lynch5nrg, under the direction of samu-
el Harrison, William Noryeil, and Thomas
II gg nbotnam-In
Stanton, under the direction of Alexan-
der 81. Clair, Peter Heiskeil, and John Coal
ter--In
LcrinSton, under the direction Of Will
am EaruIhers, John Lcyburne, and Thomas
Preston--In
Fincaetie, under the direction of Mathew
Harvey, James breckenridge, and Henry
Boy er--ln
Charlottesville, under the direction of
DAbney Carr, John Kelly, and Alexander
Garrctt--in
&eOens6arg, under the direction of
John Strode, Gabriel Gray and Joshua Woo
drown
W,nehe$tey, under the direction of Hugh
Hgimes, Duniei Lee, and Henry ST. O.
Tucker and In
Abingdon, under the d,rection-of Will
am King, Robert Gra.g, senr. and Francis
Pre- N.
That he commissioners aforesaid, shall
open the Subscr ption Books at 10 o'cIoc K
a. NJ. and they shall conuuue open until 5
O'Clock p. " aud snail remain open between
those hours for thirty days then the com
missioneTs III the aforesaid places (Rlch-
nond e1cepted) are 10 close the Books and
transmit them. together WIN The money
they may have received at the time of sub
scribing, unto the commissioners in the CITY
OF Richmond within thirty days thereafter;
should il So II ppen that more than he SIT.
pulaed mum G. Of shaIes shou lie Aubscr =
bed then the commissioners al Richmond.
are to apport On them among the subscr.-
bers, by deducting from the highest sub
scr'puons until they are reduced to a pro.
per number, or if more persons subscribe
than there are shares, then the said com.
lnisSioners are to cast lots o decide 60
whom they shall belong, which being as
certuned' they shall issue receipts to ,he
different Stockholders, and their receipts
with me original subscription shah be
deemed good evidence, o. the number ol
shares or amount o. stock. to when each
subscriber shall be entitled m this Compa-
n.y.
II the shares shall not be all subscribed
for when the Books are returned to tie
commissioners III Richmond, these commits.
souers may permit any person or persons
bodies corporate or otherwise, to Subscribe
ter any number of shares, until tie whole
number is comp etc, or She comp my, OF
agents appointed by them, shall otherwise
direct.
ARTICLE III.
! The commissioners ~ Richmond shall
/ forthwith deposit in the Bank of V.reinia
subject to the order Of the President and
| Directors when Chosen, all the mnney 70
received, after deducting the expenses
necessarily attendant on the Subscription
and the previous meeting.
ARTICLE ".