The enquirer. [volume] (Richmond, Va.) 1804-1815, 1812-04-14

States shallbe opened the first day of MAY mex,
1T Portsmouth, New Hampshire;
at tie Union Bank.
.dr Boston, Massachusetts;
at the State Bank,
Union Bank,
- Massachusetts Bank. .
1T Providence, Riode island
at the ,Soger Williams Bank.
lit Hartford, Conaecticut
at the Bank O; Hartford.
lit the City Of .Ntvp York;
at the Manhattan Company,
-. Mechanics Bank.
1T Philadelphia;
al the Bank OF Pennsylvania,
Farmers and Mechanics Bank
at -Bainmore
a, the Bank of Baltimore,
Commercial * Farmers Bank
III TIE City Of Wdshtagton;
at the Office ri the
- Bank Of Columbia
IL Richmond Virginia !;
at the bank ct Nirs inia.
AZ Charleston, South Carolina;
az the State Bank, rss' 80.
srNsrH Planters a,ld Mechanics Baniz
which books shall continue open Tor receiving sub
setptIons during the Ordinary hours or llansactns
business the said Banks for two days. ii more
THAN eleven niiion OF dollars IN the whole shall be
subscribed, the surplus shall be Ge0,ccd in proper
tol, to the sums subscribed III eseh place respeeIe
'ly by reduction OF the subscriptions exceeding four
thousand doli.rs.
For every hundred dollars which Ilay be SUBJ
scrTbed, there shall be pau, 1T the time OF subscri-
bag, the sum OF twelve dollars and fifty cents, and
Ike sum OF twelve dollars and iifcy cents, on the
httecntiI day o. each OF the ensuing nunts OF Jane.
July, August, September, October, and December.
one thousand eight hundred add Give, rsspc tive.
iy. Each subscriber, at the time OF paying aI,y OF
The above Instruments after the first, may pay ali OF
any number OF the subsequent instruments and will
be emitted to receive interest 1t the q. per
centum per annum on the amount thus pad nom
the uine ct actual payment.
s. On the failure OF payment of any ihsialinent Of
the sums subscribed according te OF ti,e
coni article, the next preceing iDStaiment oftwevc
dollars and iifty cents which shall have bl en paid
Tor every hundred dollars subscribed snail be orle-
ted to the u. S.
4 Ii any subscriptions shall be reduced in conse-
quence OF greater than eleven millions OF uo
lars being subscribed, conlorinaby the first art
Gle, the amount of such reduction shall be forthwin
returned 10 the Subscribers from whom such rcduc-
ton shall have been made.
o. Each subsequent iBSalment must be paid
at the same Bank at which the Original subscrip-
ton was made, and where the first nstaiment was
PAID.
9 For such sums or number of shares of one hun
ufed dollars, rs may be subscribed, the Cashiers OF
the respective Banks, within twenty day after the
time OF subscribing, shall give certificates stating the
sums subscribed and payment made, and on Which
the payments of the subsequent instruments when
made shall be respectively endorsed which eetti-
Gates shall be asssnable by endorsement and deliye
until the completion of the payments required by
the tenor OF the second article.
n. Alter the completion oi the payments aforesaid
the proprietcrs # the certificates OF the Cashiers on
winch such payments have been completed, on sur
rendering the at the Loan Office of Tie state in
winch the subscription and payments shall have been
made shall be entitled to receive from the Com mis-
soneis of Lons Certificate or funded capital stock
bearing an interest Of six per centurn per snmum
from tile time when the said instruments shalt have
aufI
at the several Loan Offices or at the Treasury OF the
United States where the same may stand credited
winch certificates of funded capital st0ri shall be is
sued IN sums of one liuniFed, four hundred, one
thousand, four thousand OF ten thousand dollars, at
the option the proprietor, aud shall be Considerable
by tue creditors their attOFies duly constitute a. AT
cue Treasury aud Loan Offices respeetively n the
same manner as the present funded debt Of the Unt-
ed States, aud in pursuance OF the rules which have
been, or which may be established relative To- the
trans er of the said debt.
g. After the payment Of the fifth instalment, suel,
o the propTetGls of the certificates OF the cashiers
OF four hundred dollars and upwards, may then be
deslgons Of funding the same, may, ON presentins.
them at the Loan Office Of the state in which tic sub.
scripfion aud payments Shall have been made, re-
seiyc from the Commissioner Of Loans, certificates
OF iuHfed capital stock Of thc description aforesaid
Tor Tie amount Of the four first instruments, one
inoey oil the sum expressed in the subscription GER
tiliestes.
9. After the last day Of December in tie year one
thousand eight hundred and twenty four aud after
notice to the creditors which sail be Civ
en- by an advertisement in some public ucwsnaref.
printed atthe scat Of the government Of the United
Sttcs, the said capital stock shall be Todcemable at
the pleasure of the United States. Is tie reimburse
ment Of tlcwhole sum which may at that time stand
credited 10 any propdt on the books Of the Trca-
giry oroi the Loan Offices respectively.
10. So much OF the funds constituting the annual
aprop istioh OF eight millions of dollars for the paw
ment OF tie principal and interest Of the public debt
OF the Untel States may be necessary for the re-
guar payment Of tle interest and for the reimburse
ment OF the principal Of The stock be created un-
der this contract together with tic faith of the Unit
I'd STATES for its due fulflment, hereby pledged
u prsuanee of and according 10. the terms aud cor
atons Of tle Act Of Congress herein before rccilcd
Given under my hand ard the seal nf the Treasury
OF the United Ststes, at Washington, tl,is tlir
SEAL ty-iirst day OF March, thousand eight hun
dred aud twelve.
ALBERT GALbkTIN,
Secretary Fl the Jreastvy.
April Z. wtM2
b l. n NJ Il S,