The enquirer. [volume] (Richmond, Va.) 1804-1815, 1812-04-21


ist Books for receiving subscription to n loan o.
eleven millions of dollars for the use of ,l,e Unite,
ssa,es Shall be opeued ON the first day OF May next
~ POrtsnouth, New Hampshire;
at the Union BonS.
-dt Boston, Massachusetts;
at the State Bank,
Union Bank,
1T Precedence, Rhode Island
at the Roger Williams Bank.
at Hartford, Connecticut;
at the Bank of Hartford
1T tie CITY of .Neso FORK;
at the Manhattan Company,
Mechanics Bank.
| at Philadelphia;
at the Bank of PENNSYLVANIA,
Farmers and Northumberland
1T Baitianorc
at the Bank of Baltimore,
Commercial X Farmers Bank
AT The City Of Washington;
at the Office OF the ~
Bank Of Columbia
4. Richnsena Virginia;
st the Bank OF Virginia.
1T Charleston, South Carolina:
az the State Bank,
~ - Planters and Mechanics Bank
which books shall continue open for recrvin,, sub
scriPtions during the ordinary hours OF transactin
business ut the said Banks for two tiays Ii more.
than eleven millions Of dollars in the wkJe shall he.
subscribed, the Surplus shall be eouc ed il, uioo,.
ton 10 the sums subscribed each place respective
iy by reduction OF the subscriptions exccedine four
Thousand dollars
{. Foreveiy hundred dollars which NAV he sub,
scribed, there shall be paid, the time OF sbscri-
bing; the sum OF twelve doiars and fiftv cents and
a like sum o, twelve dollars and fifty cents on ,I,,.
hteentit day oil each ol The ensuing ,noliis o, June
July, August, September, October, and De,en.ns r.
one thoasind eight hu.Gred and twelve, resae tive
~. Each subscriber, IT tie Tine OF payins ~, o
the above Instruments after the first, may gay All or
any number OF tie subsequent instruments afid III
be ehted 10 reeeiVc interest at The rate oil per
centum per annum on the amount thus paid from
the time OF actual payment.
S. On the failure. I.ay meat G. any irsi. NJ
the sums subscribed according the tenor or the Sc
cond article, the next preceding ns,inent OF twelve
dollars and hity cents which shall have been pad
Tor every hundred dollars subscribed shall be forfeit
ted to the U. s.
4. Ii any Subscriptions shall he reduced in consc-
qacnce OF greater snIh than eleven millions of dol
lars being subscribed, cenfornabIy to the first srti
cie the amount OF such reduction shall be foitwi
returned TO the subscribers from whom such re due
ton shall have been made.
D. Each subsequent instalment must be paid
at the same Bank at Which the original subscrlp-
ton was made, and where the first instalment WAS
aid
g. For such sums OF number OF shares OF one hun
dred dollars, as maybe sbscribed the Cashiers oi
the respective Banks within twenty DAYS after tn.
time OF subscribing, shall give certificates stating the
sums subscribed and payment made, and on which
made shall be respectively endorsed which certi-
Gates shall be assgnable by endorsement and delive-
~ oil the parties in whose favor they may lie issued
until tie completion of the payments required by
the tenor o; the second article.
z. After the completion ott.e payments AZORES said
the propretors If the certificates Of the Cashiers on
which such payments have been completed on sur
rendering the same 1T the loan Office Of the state ia
winch The subscr pton and payments shall have lecu
made, shat be entitled TO receive from the Commits
s'oners OF Loans Certificates of funded capita stock
bearing an interest of siX per centum lIer an,.t,n
from the time when the said instruments shd have
been pad respectively, and payable quarter yearly
at the several Loan Offices or at the Treasury of the
United States where the same may stand credited
which certificates of funded capital stock shall be is
sued IN sums Of one hundred, four uIndrcd one
Thousand, ioir thousand ten thousand dollars Mt
the option OF the PROPRIETOR and shall be transferable
ny the creditors or their atOrics duly constituted Mt
:isc Treasury and Loan Offices respectively in the
same manner as the pre- funded debt OF the Unit
ed states AID in pursuance OF the rules which have
been, or which may be established relative to the
transfer of tie said debt.
3. Aitcr the payment of the filth instrument steI,
o. the propretcrs of the certificates OF the cashiers
offUT hundred dollars and upwards, rs may then be.
dcsrOus OF finding the same, may, on presenting
them at the Loan Office of the state IN which the 81,
scripton and payments shall have been made. re-
eciyc from the Commissioner Of Loans, certificates
of funded capital stock of the description aforesaid
for the smount of the four first instruments or one
Hoety vi Tue sum eApFcSScu IN tc SUBSCRIPTION
tifcatcs.
o. After The last day Of Decemhcrin the year one
thousand eight hundred aud twenty-four, ard after.
reasonable notice to the creditors which Shall be Civ
en- by au advertisement in public newspaper
printed at the scat of the government of the Uhited
States, the said capital stock sih be rcdeerable at
the pleasure OF the United States, by tie reimburse
ment of the whole sum which may at that Gu.c stand
credited TO any proprietor the books Of the Trea-
sury or of the Loan Offices respectively.
Ia mi off .rstr 81
appropriation of eight millions of dollars for tie paw
Ineat Of the principal aud interest of the public debt
OF the United Statcs may be necessary tor the re-
GUAR payment Of the uerest and for dc reimburse
inent of the princd Of tc stock 10 be created IN
dcr This Contract together with the faith Of the Unit
ed States for its due fulalmcnt, hereby pledged
~ pursuance Of and according 10, tho terms and con
dions Of the Act of Congress herein before recited
Given under my band and tie seal Of the Treasury
at t',c Urtcd States, st Washington. this dir
sEELtr-frst das of March, ono thousand eight hun
drcd and twelve.
ALBERT GALLATIN,
Secretary IF tie JyeasRyy
AprD Z. wtM2
A 10