The enquirer. [volume] (Richmond, Va.) 1804-1815, 1812-05-29
DOCUMENTS.

DOCUMENTS.
ACCOMMODATING fhe letter of the Secretary Of Ahe
Treasury, presented to tie House Of Refresenta.
fires on the 10Th irsss
CDocumeht (A) appeared in the Enquirer AZ an
advertisement, prescribing the terms which
stock to be subscribed
Treasury Department,
April 7th, 1919.
SIR,-I take the liberty of enclosing to you
copies OF a contract tor raising by loan el.
even millions OF dollars. pursuant to Of Con-
gress passed the 1ith day OF March last. Presu.
ming that YOU institution would be disposed to fac
itate this operation, it has been named az one at
which subscriptions to the loan would be received.
will thank you to apprize me Immediately, if from
any cause il should be incompatible with your views
TO accede to this arrangement
II the Bank shall consent to receive the subscrip-
mons IN the manner proposed, 1t will be necessary
In the FIRST place, that book in which the subseri-
bers may enter their names and the sumet be San-
ed BY them, should be provided. This will consist
Of q Look oil sufficient magnitude to receive all the
subscriptions likely to be made at your Bank, to
the first page of which OF the copies of the
tract or terms OF the loan herewith transmitted,
rgned BY the Secretary fthe Treasury, and sealed
with the Treasury seal, is to be affixed. The SUBJ
scribers will write, in words at LENGTH against their
names, the amount which they intend TO subscribe
And on the same lines respectively, the eighth
part OF that sum, being the 6rst instament, il, as
coon a. paid, to be entered by your Cashier in f.
cures, in column left for that purpose, at the right
Ihand side of each page. This entry WILL it is pre-
sumed, be sufficient receipt to the subscriber,
kl the Cashiers certificate, scrip, shall be issued
20 him, which, according to the 9th article of the
terms Of the loan, will be within twenty days after
che time Of subscribing. Yet if the parties any of
Them should, at the time OF subscribing, require
Noeipts from the Cashier, they may be given in his
name, in any form you may prescribe, and to be
aurned when the aforementioned certificates or
scrips shall be delivered. The whole amount paid
ut the time ofsubscription is to be credited dis
tinct account bearing that designation and not to
be carried to the credit of the Treasurer of the u.
Staes before the expiration Of twenty days above
stated. This period has been taken, in order 10
give time for all the Cashiers of the Banks where
subscriptions received to return to the Treasury
nm account OF the sums subscribed, that it may be
In the whole shall have been subscribed, & reduce
zion Of the larger subscriptions shsl consequently
become necessary, as provided from the LIST article
Of the terms Of the loan.
Immediately after the subscription Is closed on the
second day of May, the Cashier i. to transmit the
Secretary oftIe Treasury an account, /. the to.
xal amount subscribed 9. OF the portion Of that
mount subscribed in sums exceeding 1000 dollars
each and 8. A list of all the subscriptions exceed.
ing 1000 dollars each.
AS soon these accounts from all the Cashiers of
Banks where subscriptions received, shall reach
xhe Treasury, it will be ascertsined whether any re-.
duction; of subscriptions will be necessary and this
will be Immediately communicated TO the Cashiers
who will then, in.case of reduction, repay the ex.
ssss to the subscribers credit the Treasurer of the
u States for the residue, and issue the subscription
certificates, which, together with forms for their en-
cry and registry, wiliin the mean time be transmit
sed from the Treasury. - $50, s.. t...
AS Some Of the banks may be disposed to become
subscribers, provided the amount Of their subacrip.
aion be deposited with themselves until drawn for,
for public purposes you will be pleased in case of any
such subscription the part Of bank in your state
and in good credit, TO enter the same in separate
page of the subscription book consider the receipt
of the Cashier Of such Bank sufficient evidence of
payment on account of the loan, and to enter che
same accordingly in the book. Iinsert at the foot
ofthi letter. the Of the Banks in your state
which are known and considered at the Treasury as
sufficient. To these q circular letter, Of which
you will also receive, will be written that subject
and you may receive subscriptions in like manner
from such others asi your opinion are perfectly
ponsble. ~.
A reasonable allowance for the expenses of sta.
tonary, and extra labor Of the Cashiers of the Banks
where subscriptions to the loan received will be
made from the Treasury.
have the honor to be, very respectfully, sir your
ebedient servant,
ALBERT GALLATIN.
s1ie President offhe
Union Bank of New-Hampsire,
Union bank of Boston,
Massachusetts, Bank,
State Bank Boston,
Roger Williams Bank,
BANK, OIL f1arttOru,
Manhattan Company,
Mechanics Bank, .New-York,
Bank of Pennsylvania,
farmers and Mechanics Bank Philadslnhia,
Bank of Baltimore,
Commercial 81 Farmers Bank, Baltimore,
Bank of Columbia,
- - Washington
- Virgins,
State Bank Charleston,
Planters aud Mechanics Bank, Charleston,
Merchants Bank, Salem.
co.
Trea'ury Department,
81 April 9TH, 1919.
S1R, Having thought il probable that some of
Che Banks might be disposed to subscribe to the loan
Of eleven millions Of dollars to be opened on the
4rst day of May next and that it would be an add-
xionsl intucement TO that measure, if the sums to
be paid on account of such subscription should be
permitted to remain in deposit in the Banks ma
king the subscription until wanted for the public
serVce, have taken this mole to notify the sever
al banks that arrangement that Kind will be al
lowed By the Treasury.
IT, therefore, it shall suit the views of your inst,u.