Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1816-01-13
At IL months IS dolls.
100000
100000

II, tue time OF subscribing, and iae payments to
DE made, At Tie pleasure OF government, eth
In y,ld AMI silver: or
In per cent stock, rcdeemable st The plea
sure of the government CT
Ia treasury notes, not iurdablc, nor bearing IN
terest, nor payable ut particular tme hut
receivable in al payments to the bank with
q right On the part of the Bank TO REISSUE
tie treasury notes so paid from time To
tine, unt'! lacy are discharged by payments
20 The government.
: s rhcrtars STALL he at liberty TO sell the stock
portion OF its capi'a!, to an amount no, exceed.
ing inaav one year; but IL Tie
sales arc Intended 20 beeatc;stl within the IT,
nited States, notice thereof sl,a, be- eivrn to
tie Secretary OF the Treasury, that the Cnm-
n.issoners oil the Sinking Ia may, If ihey
= please, become de purchasers, At the market
price, not exceeding par.
III. The SoUe7nDent 81 the Bank.
1. The bank shall Lc ,ssLlisl,e, st Philadeldlia.
wit, powerio erect branches, or to employ
state banks "a branches elsewhere
.. There shall be % directors To- the bank Mt
Ph1adelpba, aud 10 directors lo, eac, of the
branches, where branches arr. erected with
the usual description and number OF oili-
ceis.
3. The President OF the United States, with the
advice and consent of The Senate, shall annual
" appoint S OF the directors of the bank at
Philadelphia.
10 4. The qualified stockholders shall annually elect
3ooftle directors O! the bank at Philalclpha.
but portion OF the directors shall BE- changed
aterery annua! election, upon the principle OF
ro'ai.nn.
&. The dir, ctors Of The bark at Phi;adcJnhia.
shall annually, Il, their fast meeting after d. ir
ccctian. CHI ol,he five directors api,oin-
ted by the President aud Senate OF tie United
States, TO he President OF the bank an, the
trestient u' the bank shall always be re-e,is-
bic 1t re-aIpoiated.
O. The directors al the bank at Philadelphia shall
annusily appon; rs directors for each of the
bIsnelee, where branch. are erected, ard
shall transn'i, lit Of the persons appointed To
the Secretary Of the Treasury.
.. The Secretary Of the Treasury, with the an
probation OF the President ofthe United States,
shall annually designate from the list of the
branch directors, the person IL be President of
the respective banks.
S. None but The resident citizens ofthe United
States shall be directors of the bank, or It's BRAN
chcs.
9. The stockholders may vote fnr directors in
person or by proxy !; bnt no stockho,ier who is
rot resren. within the United States at Tie
time of election, shall vnte by proxy nor
shalt any person vote as proxy \ grea-
ter number Of votes than he would be eatied
10 v'ite in l,is own right, according tn Il scale OF
Vo,i"g. to be graduated ny the number II shares
which the voters respectively hold.
10. The bank, ard its several branches, or the
state banks employed as branches, shall furnish
The officer at the head of the Treasury Denart.
ment with statements OF their officers, in such
form, and at such period, as shall be rsqur-
ed
~. THE Privileges and duties ofMe Bank.
i. The Bank she'll enjoy the usual privileges, and
be subject 10 the Usual restrictions OF body cor
poraie and polite, instituted for such purpo-
SEES; and the forgery oIits notes shall be made
penal.
2. The notes ort.e bank shall be receivable in
AL payments to the United States, unless Con-
grcss shall hereafter otherwise provide by
law.
3. The Bank, and its branches, ard state banks,
empn,ed as branches, shall give the neccssary
aid and aciliy to the Treasury for transferring
the public funds mon. pisee TO place, snd for
inesng paTmeuts t. the public creditors with
ont charsi' z commissions or claiming sow,n-
ces on account OF differences of exchange, Ssc
>. The organization and obera.isn of lhs
hank
i. Subscriptions to be opened with rs little de-
lay as possible. and at rs few places as shall be
deemed just and convenient. The comrnisy;.
eners may he named in the act or appointed by
the Presi,l, NJ.
g. The Bank N he ORGANIZED, and commence its
operations in specie as soon as the sum OF
. 100000 dollars mas beeu actuaily received
from The subscriptions in gold and silver.
5. The Bank shall not at any time susnenl IFS
VoIsly au,horizedby Congress, If in session, or
oy The President of,he United States, f Congress
be not IN session. In the latter The sisp. nson
Stall continue for AK weeks after the Inee,sg OF
Co.gfels, and no longer, unless autlorized Ivy law.
~. Tie Bonus fur The Charter Of the
Eunk.
Tie subscribers shall pay premipn to the
government FORTS charter E4,irnstii,g tic profits
n tlisti'ank from tic probable advance in the va
luc o. It's stock, and tie result II it's business when
" ldii operation al per cent bonus If 100000,
Collars, psl able Ia cqnM iustalne nts Of ., 3 and /
years after the Bank commences lis operations
might, under ali circumstances be considered asa.
bout percent uponiis capita! ard would contribute
a r4asoa abb premium.
Ihe bill received two readings by its IT,
De. sod WAS referred to a committee of the
whcle.
TIE TREATY.
The house resumed the consideration Of
The bill to regulate the commerce of the y. .
> ACCORDING to the Convention OF Gem
merce with G. Britain.
The Question being on the motion of
MIR. Castor, to postpone the bill indefinite
"
Mr.. Forsyth AMI M. Barbour opposed
this motion, and lie. Gold and MIR Hop
klnson advocspd lit.
The ground occupied, was wholly that Of
the constitution, and not at all Involving the
merits Of the Treaty.
, he question eii postp"nement was de-
nlied III the negative by the following
vote
For the postpencment 60
Against it 81
The question recurred on agreeing to the
amendmduts made in committee Of the
whole. on which debate took place the
'.hSr day. The object Of thc amendments