Virginia Argus. [volume] (Richmond, Va.) 1796-1816, 1816-01-13

the branch directors, the persons 20 be the
President of the respective branches
o. None but resident citizeus of the United
States shall be directors ofthe Bank, or its
branches.
9. The stockholders nav vote for directors in
person Urby proxy hut no stakeholder,
wio isnot resident within the United States
at the time ofelection shalt vote by proxy
nor shall any one person vote as proxy a
gteaier n,tmoer OF votes than he would be
entitled to vne in his own right, according
to scale of voting. to be graduated by the
number of shares, which the voters respec-
lively hold. ~
10. Tire Rank and its several branches, or the
state banks, employed as branches, shall
furnish the officer AZ the head OF the Trea-
sury Department with statements OF their
officers, in such form, and at such period as
shall We required.
V. TIE Privileges and Dates ofLie Bank.
j. rhe Bank shall e icy the usual priviI, S,es
and be subject to the usual restrictions of a
body corporate and polite, Instituted fer
such purposes, and the forgery Of is notes
shall be made penal.
g. Tire notes OF the 5aiil: shall be receivable in
al payments 10 the United States, unless
Congress shall hereafter otherwise provide
by law.
g. The Bank, and its branches, and state banks,
sary a d and facility 10 the treasury for trans
fertlng the public funds from place 10 place,
and for making payments to the publ c ere
differs; without charging commissions, or
claiming allowance J On account ord Ifferences
ofeScha'gi. &c.
he Organization and Operation oftE Bank
l. Subscriptions 70 be opened with a. iItjle de-
lay rs possible, and at as few places as shal
be deemed just and convenient. The com
mlssionerS may be named In tile act or APP
pointed ny the President
2. The bank TO be organized and commence its
Operations M spccie az soon a. tie sum OF
1.40O,G0J dollars has been actually received
from the subscriptions, in gold and silver.
). NC bank snaii not al any time suspend its
spece payments, unless the same shall be
previously authorised by Coucsess, i'm ses.
SION, or by he President of the Unite
> ates, # Congress be not in session. In The
latter Sc The uspension snail continue SIX
weeks at'er the meeting OF Congress, and NJ
longer, unless ai nor, Ell by law.
VI. The Bonus FIR the CAtr.er Of the Baat.
The subscribers snail pay premium 10 the
government for ITS charter. Est,iI,ating the pro-
hts OF The bank from the probable advance in the
value OF ns stock, and the result of its business
'yhen in FUN operation, a. z per cent a bonus OF
10000 dolls, payable in equal nstallnen,s of
?, ) end years are the bank commences its
operations might, under all circumstances, BE-
considered as about per cent. upon its capital
and would Contribute reasonable premium.
Tne bill received two reading, By It's title, and
was referred to COMMITTEES OF the whole.
TIE TREATY.
The House resumed the consideration of the
bill 10 regulate the commerce of the United
States, according TO the convention of commerce
with Grsat-Brl1ain.
The question being on The motion of SIr. Gas.
ton 20 postpone lhe oh indefinitely
Mr. Forsyth and Mr. Barbour opposed this mo-
ton, aad Mr.. Gold and Air. Hop1.h. advocated
IT,
The ground occupied was wholly that of the
cons tuition, without at all involving The merits
OF the rcaty
The question on Postponement was decided in
the negative BY the Fi.iogiog vote.
FuF tie postpOnenent 90
Against 1t 81
The Question REQUIRED on agreeing. to the amend
mems Made IN committee ST the whole, on wl.icl
a.dehate took place me other day. The objec,
OF tue amendments WAS 10 exoep, from cqualIza
St0G of duties all such British vessels as do not
come direct from SuroPe. The amendment.
were HeydtFved without division.
Some o,her attachments were proposed, one O
whlch WAS agreed 10, VIZ to strike out Eas. IN
dies trom the number OF exceptions TO the opera
ton o. the act
The ques on then having been stated" Shall
the BIZ be e1grossed for a third re2ding :"
A debate arose, winch continued Ill q late hour
on lie passage OF ne bill To tnirt reading.
The OH ".s opposed by Mr.. Gaston, MIR
Throop, Mr. Pickering aud MIR aills, and advo
cassidy 'if. HuS Oh Mass and Mr.. Lowndes-
The yeas and nays having been required by Mr.
Root on ,h's question
On notion, the House adjourned The debate
wIli do@0tIess be continued
UEsDAT, JA-N. 9,
After the presen atiod ana reference OF a nt,m.
Der OF petitions
M. Hardeh lad before the House, the Memo
rial OF tie Les .sia,ure OF Kentucky, relative to
compensation tor hsfses los b. the citizens On
that s,ate during lie iate war, Wine M the SER
wee OF the uh.lSd AteS winch as ordered to
be prmted Tor 1ne use o. the Members
Mr. RsbegS0n, from tle comm.t.ee on Public
Lands, reported ab.il for the relief of CERTAIN
purchasers oipubhc lands 40 me Mississippi, Ter
sitOry, accompanied by Il de ,aiied report; which
vas tw.ce read aad cOmnuted
a message Was recen ed from tie Secretary of
The Treasury, transmitting the Annual X. port OF
the Director OF tle Mint; winch was ordered to
be prated
The SPeaker lad before the House lie ter from
The commissioners OF tie Navy Pension Fund.
transmitting theT annual statement respecting
ule operation OF thelF trust siiewing t!ie amount
OF the fund, The number o. pensioners, and Ire
amount OF disbursements when was ordeted
70 re on the table.
Mr.. J0iDl'on, from the committee TO whom
was committed the bill To establish au add tionai
Military Academy, reported tie same with a Jew
amendments to The detail Ot III and Tie biii and
were referred 10 a committee of the
whole.
Mr.. .Harsh reported bill to extend to Ben
jamin Tyler and John Tyler, of New.Hampsairc,
lin. Datent rtglr IN cerf,i, ,,,y,,,,.., - - ,