The enquirer. [volume] (Richmond, Va.) 1804-1815, 1813-03-12
By Thomas Richie.


,li, of the United States, sun not exceeding siN-
teen m;.ious Of dollars, SO howaver that no engage.
ncnt or contract shall be entered into, which sa'i
,,rec NE thu. United States from rcimbursing any
sum or sums thus bori owed, at any time after the
expiration of twelve yearstron the first day o' Jan
uaiy, one Thousand eight h'h'reh aud 'ourteen:--
AND WHEREAS by the sa', act, SO much OF tte
funds constituting the annual appropriation ot eight
millions of dollars, for the payment oil the pincpa'
and interest OF the public debt oil the United states,
az rnsy wanted for that purpose, after SATISFYING
the Sums rs the payment OF the interest
md such part OF the principal esaid debt as the u,
States are now pledged annually to- pay and REIN
Nurse, pledged and apprcprai cd Tor tho payment
the interest and for The reimbursement Ut the
PRINCIPAL 81 the stock now to he created, and the
faith OF the United States il pledged to establish
sufficient revcaGes for masins up any deficiency
t,at- may hereafter take place in .the funds now
appropriated for paving the interest principal as
sforesai.. AND.wKEkEAs the President OF the y.
States did, by actor commission unier MS hsra.
dated the se,cntesth day o. February, one thous-
and eight hundred and thirteen, auti,crisc and en-
mower the secretary oethe treasury to borrow, on
behalf ct the Uuitcd States, sum not exceeding
IN the whole sixteen millions ca dollars, & to make
tho necessary contracts for the same, pursuant to
the act OF Congress above recitcd
Now THEREFoRE, the undersigned, secretary
ofthe treasury, in pursuance OF the ace OF
and the authority from the PRESIDENT Ithe Cn'-
ted States above mentioned, doth hereby, ON be-
: hall of the UniSed States, contract and engage In
( manner following, TO wit
1. Books or receiving subscriptions TO loan
.etI States, shell be opened OH the 'l2th day Of
.13areiI next,
A, port,,noath, W H-At the New Hampshire
Union Bank.
At .Satern, .Hdss.-At the Merchant Bank
At Rsyten .Df1Ss.--At the State Bank
at n. ssss''ae''t' a. 1-A' the Roger "''''n'
At Te.Citr Of Nezu York---At the Manhattan
Company, and the Mechaneks' Bank.
At -g{5aay-At the New York State Bank, and the
Me.l,ancks' ami Farmers Bank.
At fShiIadelS hic--At the Bank of Pennsylvania,
the Farmers and Mechancks Bank, and the
Philadelphia Bank.
At 3.,{ti,royc-At the Rank of Baltimore, the
Commercial and Farmer Bank, and the Union
Bank of MARYLAND
AT the City 9 Washingtsn-At tne Bank OF
Washington, and the Olfcc OF the Bank or Col
ulzbia. :.
At Richmond, Vir.-Ar the BANK of Virgil
MA
AZ Chny[estar, s. C-At the State Bank, and the
Planters and MechancNs' Ba,,k.
And ct any other Incorporated Bank ia any Of the
above AIMED cities towns, which shall open books
fo- resolving subscriptions as &soresa'd and give
ruSlic notice thereof.
Which books shall continue open for receiving
subscription during the ordinary heurs OF transact
ing business at the said banks Friday the twelfth,
and Saturday the thirteenth day OF March next. -
lf mere than sixteen millions of dollars the whole,
shall be subscribed, the surplus shall be deducted
proportion to the sums subscrib@e "a each place
respectively, by reduction ot The subscriptions x
eesdi.:g four thousand dollars. But no reduction
fsaii be made, Of the Subscriptions made by any
persons bodies corporate, holders az ,'e ume Of
subscribing Of stock issued under the act OF iarSh
~, 1919 called Z" six per cent stock OF 1917; un-
less the aggregate of ther subscriptions should cX-
eeed sixteen millions in which case the surplus
shalt be deducted by n reduction OF the pro
poriiona ~ hiehess Subscriptions. Ii any suoscrip-
sS,a .hal he TVS reduced, the amount of such |
reduction shall be focihwith returned to the sub |
scT;5er frum whom such redusaion shall have been
E~sde.
a I~es
sl,an one hundred dollars nor for fractional! part
al hundred dollars. !
s For every hundred dollars which may he sub |
scribe there oha he paid at the time OF sahscri
bling twelve dollars and fifty cents, and like sum !
~ tweve ,ioiats aud s;T Gents 81 the hrst day ot
esel. OF the ensuing months OF April, May, June,
July, August September and Octoter, one ti'ous-
and eight hundred and thirteen, respectiVely.-
Each C.bscriber, at the time of paying any OF the
above instruments, aterthe first. may pay all or any
number OF tic subsequent instruments, and will be
entitled to receive nteroot at the rate of six per
eenlum per arsum on the amount thus paid, from
che time OF actual payment
= On the Failure of payment OF any instapent
of the subscribed, according to the tenor OF the
third article, the preceoir nssim sn OF twelve
doaFs aud 6ty cents which small have been paid
Tor every hundred dollars subscribed, shall be for
feited to the United States.
5. Each subsequent instarcenh must be paid al
she same baak at Which the original s0bscrip-
ton was made, and where the frat instaIment was
paid.
s. The cR5hierS OF the respective Danss where
subseripous received. shall, within twenty days
after the time ofsC5scii5ng, give ccrthestes stating
she Sues subscribe.l anG payment made, aud on
which the payments Of TIE subsequent instruments
when made, shall he respectively endorsed wlush
certificates shall be assgaabie by endorsement and
delivery of the parties in whose favor they may be
issued, until The completion of the Payments requir-
I'd by the tenor Of the third article.
7. Alter the completion OF the payments aiore
said, the propretors Of the certificates Of the ossh
isrs on which such payments have been completed,
on s,irrenderjng the same at tho loan Office OF the
state in which the subscription ans payments shall
have Seen made, shall be entitled 20 receive from
the con- 70 seioRer Of loans, certificates OF FUNDED
CAPITAL. STOCK for the am tntIs suDscTIDru
and maid bearing an interest OF SIX per centum per
snrunl from tc time when the said instruments shall
have been paid respe lively, and payable quarter
yearly ~ The several loan oifices or st the Treasury
of the Uu.d States where the same may stand ere
dted And shall, moreover reeeivc from the g AZ
missioner Of loans, q certificate emitting sGeh pro-
prictnr TO an ANNUITY annual sum, payable
quarter yearly, tor thirteen years, commenting CO
che FIRST day Og January, thousand eight hun
,red ond thirteen. NJ one dollar every HUNDRED
doIsrs t'us subscribed and paid which certificate
Of auuui,y shall constitute a separate and distinct
sock, aud may be SOLD, assigned and transferred To
and fran tie 10 10 # the treasury Of the setc.
r.i loan ofhess, separately aud distinctly iroa the
aforesaid funded capital six per cent Steck and
the sid Funded capita! s.ock. and tie 5ad anuuitss
rha!i he tranicrrAbs Ivy their respective propretors
IN person BIS their atthrnies duly constituted, 10
the SAM paaer Us the present funded debt ot tht
United Status. and 10 pursuance OF tne rules which
have bset,, or wheel, NAV lie established relative I.
Aiie trarafsg Of che said debt.