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

ties ofTIaNpshire, Franklin and Hsmpden, Mas.
sachuseas, praying that the duties at present nm
posed ON Ill cotton and woollen fabrics imported
from foreign countries, may be incr eased that
he iinpor tation of cotton goods from places be-
yond the Cape OF Good Hope may be prob ibited
that American cotton and woolen fabrics NAV
DC exclusively used for the army and navy that
the existing du'v on foreign indigo and olive oil
,nay be repealed and that a National Bank MAJ
be establish ed.
by Mr. Lar, a similar petition from the man
dtacuirIrs of cotton Goods in Connecticut
BY DIR. johnson, of XIV the petition of the Lex
ny,on White LEAD Manufacturing Company
praying that duty of six cents per pound may
be imposed on white lead imported from foreign
countries.
by Mr.. .Mtrsh the petition Of the Vermont
Mineral Factory Company, heretofore presented.
BY MIR. Wea'lorer, the petition Of the man,l-
iscturers of tobacco in the city of New-York,
praying that the duties their nanuf,c lure may
be repealed.
by Mr.. Kiny, of N. C the petition Of Thoma,
Cowan and others, manufacturers OF salt on the
sea Coast OF Nor Carolina, praying that The d.
rect Tax imposed upon their establishments nay
be RENTED, as their works have been destroyed |
by high water, and that the duty on quanl.,y |
oi salt which was DESTROYED may ais, be RENTED |
Mr.. IfliJree, hid before the house The resoll-
ton OF the Legislature ofthe Sta'e Of North Ca
rolina, requesting the Senator's and Representa-
tives III Congress from that stale to re their bes,
ehdeayors TO prevail on rhe general government
TO open direct outlet TO the Ocean from the |
waters of the Abemarle Sound.
| BY Mr. Ho6eitson, the petition of John D. Hen
| ley, Master Commandaat in the Navy ofthe UNI
ted States on behalf OF himself and the officer
and crew ofthe late Schooner Caroini, prayins
compensation for s,eir cIo;,ag and other proper
ty, winch they lost by the destruction of The sad
schooner winnie engsg ed ia the delence OF New
| Orleans.
| Mr.. Pieasants, from the committee appointed
to wait Oh the President of the United Stsses
with resolution requesting information from
him respecting the transactions mt DartmoDr prl-
son, reported, that they had performed that d:i-
~. and received for answer tnat due attention
would be paid 10 the request ofthe house.
| NATIONAL CURRENCY.
Mr Calhoun, from the committee on the Ma
tional Currency, reported bill " to Incorporate
The subscribers to the Bank of the United States"
Accompanying the bIll was . letter from the Sc
cretarY NJ the Treasury, 20 which was annexed
the following " Outline" which we here publish.
rs containing, with fey unessential- variations,
correct Synopsis ofthc plan embraced by the vo-
luminous bill reported by the committee
Outline Of q ptan fora National Bailc.
H. Tus cHARrEa or ruE BASK
l. To continue 81 years.
\ 2. To be exclusive
1 LIN OF TIN BANK.
To be 35,GeO,uo0 at present.
2. To be augmented by congress 70 SO ,OOo, 600
and the additional sum to- be DISTRIBUTED a
mopS the several states
3. TO De divided into 350,000 shares of g 100
each, on the capital of 350Oo,0O0; and to
be subscribed
BY the Unired States, one
Fifth, or 10000 shares, 100000
BY corporations and indi-
Vidlais, four ffths or
2S0,CG0 shares, 28OOOOOO
S5,O)0,0O0
4. To be compounded of public debt, and of
gold and silver, as t. the subscriptions of
corporations and individuals in the proper
tons.
of funded debt three
fourths equal 10 81 100000
Or gold ard silver, one
fourth equal to 100000
28,O00,O0o
The subscriptions offs per cent. stock to be
at par.
The subscriptions of s per cent stock to be at
So per cent.
The subscriptions off per cent. stock to be at
1O6 81 per cent
5. The subscriptions on public debt may be
scharSed at pleasure by the government,
at the rate at which 1t is subscribed
D. The subscriptions OF corporal ons or indi-
vdnais to be pavabie by lnstalments
(l) Specie, at subscribing,
On each share dolls. 100000
At months ) dolls. lAJ1,.y1
Al II months 5dolls. 140BD0
At Is months, 10 dolls. S0DO3)
100000
i (S) Public debt, at subscribing
Each share 25 dolls 1000 600
| AT months % dus 100000
Il At IL months rs dolls 1000 900
28O0O,0JO
z. the subscriptions Of the United Sta.e, 10
be paid ininstslmen 5, not extending beyond
| aperiod Off years; the first instrument to
be pad at the time of subscribing, and the
Payments 10 bemade al the pleasure of gov
eminent either
In gold and silver or
Ia 6per cent stock, redeemabe at the plea
sure OF The government or
In treasury notes. not fundablc nor bearing
interest nor payable at Particular tiyae,
bus receivable N all payments To the b INK
witn right on the part Of the bank to re-
issue The treasury notes 50 paid from time
I TO time, until they are discharged by pay
\ meats to the government.
4 .. The bank shall De ut libertyto sell the stock
portion of its capital, to amount not ez-
ceedng in any one year but if the
4 sales are intended to be effected By the Unit
ell States, notice thereof shall be given to
the Secretary o. the Treasury that the com
1nssoners Of ,he Sinking Fund Inay If they
!. AZ.