Virginia Argus. [volume] (Richmond, Va.) 1796-1816, 1816-04-20
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BY AUTHORITY.

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Back of the United States
BE IL eHacted Jy he Senate and H,use NJ Re-
PreSeDtatiUes IF the United States of .qJuerico il,
Congress assembled, That bank of the United
, ates OF Amer Ca shall be es ablished, with \
capital of thirty Ave millions of dollars divided
INTO 'hrce hundred and fifty thousand shares. of
one hundred dollars each share. Seventy thou
sand shares, amounting to the sum of seven mil
Ions OF dollars part of the CAPITAL of the said
bank, shall be subscribed and paid for bv The
United S'a e.. in the ma ner hereinafter SD eff
ed (; x two II ndred and eighty thousand SHARES
am uniting 10 the sum of twenty eight millions
I dollars, shall be subscribed and paid for nv
individuals, companies or corporations. in the
manner hereinafter specified.
Sec 2 lind be az further enacted, That sub
scrip ions tor the sum of twenty eight millions
OF dollars, towards constituting the capital of sad
bank, shall be opened OH the first Monday in ,Ju
ly next, at the following places that is 10 saw
al Portland, in the District of Name at Ports
mouth, II the state of New Hampshire, a, Bos
Ton, IN the sta'e of Massachusetts, al Providence
IN the a'e of Rhode Island, at Middletown. in
he state OF Connecticut, at Burlington, in the
state cot Vermont, at New York, in the state of
New YORK, at New Brunswick, IN the state of
New Jersey, at Philadelphia, in the state of Penn
sylvania, at Wilmington, in the state of Delaware
at Baltimore, III the state of Maryland, at Rich
mond, IN the stale of Virginia, al Lexington. in
the tate of Kentucky, al CINCINNATI m the stste
ofOhio, al Raleigh, in the state of North Caro-
lima, at Nashville, n the state of Tennessee. at
Charleston, IN the state of South Carolina, at Au.
gusta, in the state OF Georgia, at New orleans.
IN the state of Louisiana, and at WASHINGTON IN
the District ofCulumba. And the SAID subscrip
I ons shall be opened under the superintendance
OF five commissioners at Philadelphia, and of
three CommIssr ners at each of the other nlaces
atnresa !, 10 be appointe by The President of IN ?
United States (whO is heI ebv authorized to max
such appointments and shall continue omen every
day, from, the time of opening the same, between
the hour OF en- O'Clock in the forenoon and four
o'clock IN the afierno N, for the term of twen,v
days, exclusive of Sundays, when the same shall
be closed and Immediately thereafter the com.
missioners, or any two of them, at the respec
tive places aforesaid, sha cause two tr,nscrnts
or copies ofsuch subscriptions to be made. one
of ~ hIch they shall send to the Secretary of the
Treasury, one they shall retain, and the or,,,i
nal they shall transmit, within seven DAVIS f,om
he closing OF the subscriptions Us aforesaid, to
the comnlSS on rs at Philadelphia afn-eso;d
And on the receipt of the sad original sub cr,D-
tons, or of either of the SAID copies thereof r
the original be lost, mislaid or deiarned the com
m!ssIGners Al Philadelphia aforesaid n m ~
~ ct them, shalt Immediately thereafie r convene
and proceed 10 take an acc Iunt of The s.,d ,,,b
sc ptons And fmore than he amount oF t,ven-
~ eiSnl millions OF dollars shall have been sub
scrbed, then the sad last mentioned COMMISSION
erS shall deduct the amount of such excess fr m
the largest subscriptions, IN SUCH mapne. ag that
no subscription shall be reduced in smount ,ybile
any one remains larger: prov ded, that fthe sub
scrptlons taken at -ither Of the places aforesaid
shall not EXCEED three thousand shares. there
shall be no reduc ,ion Of such subscriptions nn.
shall, ~ any case, the subscription, taken NJ o.,
thei OF the places Aforesaid, be reduced belo;v
mat amount And IN case the aggregate amount
OF the SAID subscriptions shall exceed tven+, d.
ght millions of dollars, the said last mentioned
commissioners, after having apportioned tbes,me
rs aforesaid, shall cause lists of the said amor
toned subscriptions to be made out, inchidipa,
- each LIST he appUtoned subscription Co- the
place where the original subscription was made
one OF Which ISIS Trey shall transmit to the com
missloners, or one OF them, under whose super-
attendance such subscriptions were or;os,n,Ii,
made, that the subscribers may hereby ascert -,
The number OF shares 10 them respectively amor.
toned as aforesaid. And in case the aegregs .
amount OF the subscriptions made during Inc ne.
rod aforesaid, al all the places aforesaid. shall
not amount TO twenty eight millions Of dollars
The subscriptions 10 complete the said sum ,balI
be and rlmani open at Phladeiyha aforesaid
under the supcrutendcuce Of the Commissioners
appointed tor that place and the subscriD,inns
may be then made by any individual, compsry or
corDoration for any number of shares not exceed
Ing IN the whole the amount required to con,ple,o
Tie sad sum OF twenty eight millions of doll rs
5ec. s. .IHd be HjWtlcr enacted, That il shalt
be lawful for any individual, company, corpora-
ton or state, when the subscriptions shan IN,
opened as herein before directed, to subscr,be
tor any number of shares of the capital Of the SAID
bank, not exceeding three Thousand sha cg AM,
tbs sums SO subscribed shall BE- psvabl. 81