Alexandria gazette, commercial and political. [volume] (Alexandria [Va.]) 1812-1817, 1814-10-27
100000
9 100000


!. That the subscription Of the y. =
shall be paid in six per cent stock
at the same periods Il 10 the same
proportions as the payments OF pr,
vate subscriptions, in stock anu
treasury notes.
5. That the q. States may substitute
six per cent stock, for the amount
OF the treasury notes subscribed ~
corporations. companies. and Ihd'
vi,luals as the notes respectively
become due and payable.
6. That the bank shall loan TO the
United States so,O0o.oo0, at an
interest Of 81 per cent. al suci
periods. and in surh sums. assshaii
BIZ found mutually convenient.
7. That no part OF the public steck.
constituting portion of The e"p'-
tai Of the bank. sh. II be sold dur
ing the war; nor at any snhse-
Gucnt time, fos less than par no"
at any tine to an amosnt exceed
ia~ one moiety, without the consent
Of Congress.
8. That provision shall be mad" Tor
protecting the haak notes from
far~ery: for Iimi,ing the issue OF
bank notes for receiving them IN
all pay men,s TO the U. States.
9. That The capital Of The hank, lis
notes, deposits, dividends. or pro.
fits (its real estate oa!y exceptfd')
shall not be subject to taxa'ioh 10y
the u. S. or by any individual state.
10. That no other bank shall be
established by Congress. durlug
the term for which The national
bank is Incorporated.
IL. That the national bank shall tie
governed by fHcsn directors. he.
ing resident citizens Of the uniied
States and Stockholders. The Pre-
sdent Of the United States shalt
Annually name FIVE directors. and
designate oae Of The Give 20 be the
president Of the bank, The Other
directors shall he annually chosen
by the qualified Stockholders, j"
person or by proxy. il resident
uit'ia The L. States, voting uron
scale graduated according to
the number Of shares which they
respectively hold. Tie cashier /.
other oMsrrs Of the hack 10 be
aopniated as is ASA d in similar in.
stitUiicns.
q. iii tie lircctors y!fie notinna!
bank stall appninl seTrn persons.
one OF whom TO pres;ir. rs :he INA.
ilagers OF each o.ii>e %! discount q
deposit, aHd one person 10 be the
cashier.
Is. 'fhat tIlc general powers. priv
leges and regulations OF the bank,
shall b> The same as are usual in
similar institutions /: but win thi,
special provision. that the general
account, shali be subject TO the
inspection Of the Secretary Of the
Treasury.
w, 1t is proposed. that after hav-
in, thus provided FOR The pune,ual
payment of the interest upon every
RECOMMENDATION ofpablie deb, : Tor rails
ing annually portion Of the annual
expense, by taxes for establishing "A
shaking FIND, in relation 10 the new
debt, AS well as in relation 10 The old
debt and for securing 10 the pHhIie
tho efficient agency OF a natinnal
bank the only remaining object Of
supply shall be accomplished by an
nuaI loans, and issues OF treasury
notes, If, unexpectedly. such issues
should continue to be necessary or
expedieat'
1. Tie amount OF annHal expenditure
during the war. exceeding the snats
! provided for, docs not admit OF a
prospective estimate be, ohd the
scar 1915 bit for that year it
may be estimated with sufficient
accuracy for,!iie general purposes
OF Tie present communication. at
| S 2S,00U.O00
Q. Then forthe year 1915, an addi
ticna! provision Hust be made, au-
t.,0rizi!g loan and The issue Of
treasury notes, TO an equal amount
S 2S,OG0,OO0
Y. tits proposed that the accounts
for authorised expenses being duly