Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1816-04-17

- " e'A'tted 0y me Senate and House
o. Representatives. ofhe United STATES Of
;an'effca IN Congress assembled, That q
Bank OF the United States Of America shall
De established, with capital Of thir,y-iive
millions OF dollars, divided into three humid
red and fifty thousand shares, of one hum
ured dJiiars each share. Seventy ia ,usaad
sharcS, amounting to the sum Of seven mil.
mons OF dollars, part of the capital of the
s"iu Bank. Shall be subscribed and paid
Tor by the United States, in the manner
hereinafter specified /; and two hundred
ana eighsy thousand shares. amounting to
me sum OF twerty-eight millions of dollars.
snail be subscribed and paid for by indi-
N'duais, companies or corporations, in the
manner hereinafter specified.
Sec. ?. Ind be il farther enacted, That
subscriptions for the sum OF twenty-eight
millions OF dollars, towards constituting the
capital OF the said bank, shall be opened on
Tue hrst Monday in July next, at the fol-
lowing p aces: that is to say, at Portland,
III .ie district ct Maine at Portsmouth,
III tue state Of New-Hampshile at Bos-
ton, IN the State of Massachusetts AT
fio' idence, IN the State of Rhode Island
at Ml@dletown, in the State Of Connecti
cut ; at Burlington, in the State OF Yer
mont at New York, in the State Of New
YORK at New Brunswick, in the STAGE OF
Ne"-Jersey at Philadelphia, in the State
"a Fennsylvnnla; at Wilmington, in the
pate OF Delaware at Baltimore, in the
oIate OF Maryland /; at Richmond, in the
o'ate OF Virginia at Lexington, in the
state OF Kentucky ; at Cincinnati, in the
State OF Ohio; at Raleigh, in the State
OF North Carolina ; at Nashville. in the
State Of Tennessee at Charleston, in the
State of South Carolina; at Augusta. in
the State OF Georgia at New>OrIsans. in
the state OF Louisiana ; and at Washing
ton, IN the District of Columbia. And the
SAID subscriptions shall be opened under
the superintendent of five Commissioners
at Philadelphia, and of three Commission
CTS at each OF the other places afores said, to
De appointed by the President Of the Unit
ca States, (who is hereby authorised to
make such appointments and shall CONT
nue. open every day, from the time of open
ing the same, between the hours of ten a.
clock in the forenoon, and four o'clock in
the afternoon, for the term of twenty DAVIS.
exclusive or Sundays, when the same shall
be closed and Immediately thereafter.
the Commissioners, or any two of them,
AZ the respective places aforesaid, shall
cause two transcripts or copies of such sub
Scorpions to be made, one Of which they
shall send to the Secretary of the Treasu
ny, one they shall retain, and the original
thsy shall transmit, within seven DAVIS
from the Closing OF the subscriptloise as -
ioresald, to the Commissioners at Philadel-
phia aforesaid. And en- the receipt of the
said original subscriptions, or of either of
the SAID copies thereof, if the original be
lost, mislaid, or detained, the Commission
ers at Philadelphia aforesaid, or najori-
ty OF them, shall Immediately thereafter
mr. ri fn =.
OF the said subscriptions. And if more than
the amount OF twenty-eight millions of
dollars shall have been subscribed, then the
said last mentioned Commissioners shall
deduct the amount of such excess from the
largest subscriptions, 10 such manner as
that no subscription shall be reduced in a
mount, while any one remains larger:
PrOUided, that if the subscriptions taken
at either of the places aforesaid, shall not
exceed three thousand shares, there shall
be no reduction of such subscriptions nor
shall, IN any case, the subscriptions taken
at either of the places aforesaid, be redu-
ced below that amount Aud in case
the aggregate amount Of the said sub
scriptions shall exceed twenty eight mill
lions Of dollars, the said last mentioned
Commissioners, after having appoitioned
the same as aforesaid. shall cause lists of
the said apportioned subscriptions to be
made out, including in each list the ap
portioned subscription for the place where
the original subscription was made, one Of
which lists they shall transmit to the Com
missioners, or one of them, under whose
superintcndance such subscriptions were
originally made, that the Subscribers may
thereby ascertain the number Of shares to
them respectively apportioned as afore-
sad. And in case the aggregate amount
Of the subscriptions made during the peri
Oh aforesaid, at all the places aforesaid,
shall not amount to twenty-eipht millions
OF dollars, the subscriptions to complete
the said sum, shall be, and remain omen at
Philadelphia aforesaid, under the superin-
tendance OF the Commissioners appointed
tor that place and the subscriptions may
be then made By any individual, company
or corporation. for any number Of shares.
not exceeding n the whole the amount re.
CURED TO complete the said SUM Of twenty
eight millions Of dollars.
Sec. 8. dHd be IL further enacted. That
1t shall be lawful for any individual, comDa-
ny, corporation or state, when the sub
scriptoDs shall be opened as herein before
directed, 20 subscribe for any number Of
shares Of the capital Of the, said bank, not
exceeding three thousand shares, and Tie
sums so subscribed, shall be payable, and
paid IN the n7nner following that is to
say, seven millions Of dollars thereof in
gold or silver coin Of the United States, or
IN gold coin OF Spain, or the dominions of
SPAN, at the rate Of one hundred cents for
every twenty-eight grains and sixty hum
ia HNHN "A