The enquirer. [volume] (Richmond, Va.) 1804-1815, 1814-10-25

rect tax Of 100 per cent. 2,s5o,ooo
6. BY an addition of 100 per cent.
on the present auction duties 10000
Z. BY IN addition Of 100 per cent.
on the existing duties upon carrie.
ges 10000
g. by an addition of SO per cent on
the existing duties on licences to
retail wines, spirituous liquors and
foreign merchandise 100000
9. Ry an addition of 100 per cent On
the existing rate of postage 100000
10. By the proceeds of the new du-
ties specified IN the annexed sohe-
dule, marked A, making in the
aggregate 100000
S2l 600, COO
III. 1t is proposed, that national bank
shall be Incorporated for term CT twenty
years, to be established at Philadelphia, with
power to erect Offices of discount and de
post elsewhere, upon the following .plinci
pies:
l. That the capital of the bank shall be ff-
ty millions OF dollars, to he divided into
100000 shares of FIVE hundred dollars each.
Ihree-hfths OF tie capital, being 10000
shares, amounting to 100000 of dollars
tobe subscribed by corporations, companies,
or individuals and two-fifthS of the CAPT
tai. being 10000 shares, amounting to 90,
100000 OF dollars, to be subscribed by the
u. States.
g That the subscriptions of corporations,
companies and individuals, Shall be paid
for in the following manner:
One-ffth part, or 100000, i'll gold or sill
yer coin.
Four-ffth parts or 100000, in gold OF
silver coin, or in six per cent stock
issued since the dcclartion of war, and
treasury notes, in the proportion of
Oile-IEtll IN treasury nutaS- and three
ftths IN SIX per cent stock.
5. That the subscriptions Of corporations, com
panies and individuals, shall be paid at the
following periods
20 dollars on each share, to be
paid at the time of subscrib-
ing, in gold or silver coin 100000
40dollars Oh each share to be
paid in gold or silver coin, one
month after the Subscription, 2,4Go, GOO
40 dollars on each share, in two
months after tho subscription,
iii gold or silver coin 100000
100 dollars, specie 5000, 900
100 dollars on each share, in gold
or silver CON, or in SIX per cent
stock or in treasury notes, &C
cording TO the preceding ap-
pointnent, to be paid at the time
20 OF subscribing 100000
$50 dollars on each share, tobe paid
IN like manner, in two months
after subscribing 5000. 900
$50 dollars on each share, q be
paid in like manner, In three
months after subscribing 100000
500 90 ooo ooo
A.. That the subscription of the u. states
shall be paid i'll six per cent stock, at the
same periods and in the same proportions
es the payments Of private subscriptions,
III stock and treasury notes
D. L nat the =. States may substitute sis
per cent. stock, for the amount of the treas
ury notes subscribed by corporations, com
panles, end individuals, as the notes res
pectiyely become due and payable.
g. That the bank shall loan to the United
States 3O,0O0,000, at an interest of SIX
per cent, at such periods and in such
sums, rs shall be found mutually conyeni-
ent.
7. That no part of the public stock, consti-
tuting portion of the capital Of the bank,
shall be sold during the war nor at any
subsequent time, for lcss than par nor
at any time to an amount exceeding
one moiety, without the consent of Con
gress.
3. That provision shall be made for pro-
tectins the bank notes from forgery: for
limiting the issue OF bank notes ard for
~N-'' ND ~'i~ia' "a eth Ji'iShtS " TIE y.
States.
9. That the capital of tie bank, It's notes,
deposits, dividends, or profits Gts real es-
tate only eZcepted,) shall not be subject
20 taxation by the u. States OF by any indi-
vidual state.
10. That no other bank Shall be established
by { On ,rcss, during the terra for which |
tue national bank is Incorporated.
IL That the national bank shall be gov
eTncd by fifteen directors, being resi-
dent citizens Of the u. States and stock
holders. The President Of The United |
States shall annually name FIVE directors. |
and designate one of the FIVE to be the !
President of the bank The other direc- !
tors shall De annually chosen by the quail |
ned stockholders, in person or by proxy, if |
resident within the United States, voting |
upon scale graduated according 20 the |
number Of shares which they respectively !
hold. The cashier and other officers of the |
bank u be appointed as is usual in similar |