The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1841-06-15
Secretary of the Treasury
AN ACT
To incorporate the subscribers to- tho Fiscal Bank Of
the United States.

To incorporate the subscribers to tho Fiscal Bank Of
the United States.
Section 1. BE IL enacted by tho Senate and House
Of Representatives. Of the United States Of America m
Congress assembled, That Fiscal Bank OF the Un-
ted States shall be established in the District OF Co
lumbia with capital of thirty millions of dollars div-
ded into three hundred thousand shares of one hun
dred dollars each share. Sixty thousand shares,
amounting 10 six millions of dollars shall be subscribed
for by the United States and shares and
three hundred sixty thousand two hundred and
fourteen dollars and ninety cents shall be sub
scrbed for in behalf Of the States hereinafter speei-
ed and tb residue of the said capital stock shall be
subscribed, and paid for by individuals companies
poraons States, in the manner hereinafter spec-
fed
tons for the sum Of fourteen millions hundred and
thirty thousand seven hundred eighty five dollars and
three cents, towards constituting the capital OF the
said bank, shall be opened on the first Monday Of
September next at the following places that il say
at Washington, in the District of Columbia at Port
land, in the State of Maine at Portsmouth, in the
State of New Hampshire; at Boston, in the State Of
Massachusetts, at Providence in the State of Rhode
Island at Middetown, in the State Of Connecticut,
at Burlington, in the State Of Vermont at New
York, in the State of New York; at Brunswick in
The State of New Jersey; at Philadelphia, in the
State of Pennsylvania; at Wilmington, in the State
of Delaware; ut Baltimore, in the State of Mary
land at Richmond in the State of Virginia at Lex
ngton, 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 Au-
gusta in the State Of Georgia; at New Orleans, in
the State of Louisiana at Indianapolis, in the State
of Indiana at Mobile, in the State Of Alabama at
st. Louis, in the State of Missouri at Vandaia,
the State of Illinois Detroit, in the State of Mich
igan at Nachez, in the State of Mississippi; and at
Little Rock in the State of Arkansas. And the said
subscriptions shall be opened under the superintend-
ence of five commissioners Washington city, and Of
conn n %
said to be appointed by the Secretary Of the Treasu-
ry, who is hereby authorized TO make such appoint
ments, and shall continue open every day, from the
time Of opening the same between the hours of ten
clock in the forenoon and four o'clock in the after
noon for the term Of twenty days exclusive of Sun
days, when the shall be closed and immediate
ly thereafter the commissioners any two of them,
at the respective places aforesaid, shall cause two
transcripts copies of such subscriptions to be made
of which they shall send to the Secretary of the
Treasury they shall retain, and the original they
shall transmit within days from the closing Of
the subscriptions aforesaid to the commissioners
Washington city And the receipt of the said
original subscription, either of the said copies there
of fthe original he lost misaid detained, the com
mssioners at Washington, aforesaid or majority Of
them, shall Immediately thereafter convene, and pro-
coed to take Mt of the said subscriptions and
if more than the amount of fourteen millions six hun
bred and thrtyt thousand seven hundred and
eighty five dollars and three cents shall have been sub
scribed, then the said last mentioned commissioners
shall deduct the amount Of such from the lar
ges subscriptions, in such manner as that no sub
scripon shall be reduced in amount while any re-
mains larger Prorided, That if the subscription ia
ken at either of the places aforesaid shall exceed
two thousand shares there shall be reduction of
such subscriptions shall in any the subscrp-
ton taken at either OF the places aforesaid be reduced
below that amount And, in the aggregate
amount of the said subscriptions shall exceed fourteen
million six hundred and thrty-two thousand seven
hundred and eighty five dollars and three cents the
said last mentioned commissioners after having appcr
toned the same aforesaid, shall lists OF the
said apportoned subscriptions 10 be made out nclu
ding in each list the apportoned subscription for The
place where the original subscription made one
Of which lists they shall transmit to the commission
ers, or one of them, under whose superintendent
such subscriptions were originally made that the sub
scribers may thereby ascertain the number Of shares
them respectively apportioned, aforesaid and in
the aggregate amount of the said subscriptions
made during the period aforesaid all places alore-
sald shall not amount to fourteen million six hundred
and thiry-two thousand seven hundred and eighty
five dollars and three cents the subscr ptions
pete the said shall be and remain open at Wash
ingon city, aforesaid, under the superintendent of
the commissioners appointed for that place and the
subscriptions may be then made by any individual,
| company, corporation, State, for any number of
shares not exceeding in the whole the requi-
red TO complete the said sum of fourteen million six
hundred and thirtv-two thousand seven hundred and
eighty five dollars and three cents.
Sec. g. And be IL further enacted, That it shall be
lawful for any individual company, corporation or
State when the subscriptions shall be opened here
number
Of the capital of the said bank, not exceeding
thousand shares and that the sums so subscribed
shall be payable and paid in bullion, in gold or silver
coin of the United States, in foreign coins made
and declared current in the United States hy the act
of Congress of the 18th of June 1884 entitled can
act regulating the value of certain foreign silver coins
in the United States" and by the of the 25h of
June, 1884, entitled An regulating the value of
certain gold coins within the United States at tho
following rates, to wit the sovereign of Great Bri-
tain at ninetyfour cents and sixty.two hundreds of
a cent for each pennyweght; the pieces of forty and
twenty francs of France, at ninety-two cents and
ninety-tw hundredths of for each penny
weight; the doubloon and parts of Spain at eighty
nine cents and fifty hundredths of cent for each
pennyweight; the doubloon and parts of Mexico, ut
eighty nine cents and fifty -onc hundredhs OF cent
for each pennyweigh the doubloon and parts Of Pc
ru, al eighty nine cents and seventy hundieh OF
a cent for each heavyweight; the douboon and parts
Of Chill, at eighty nine cents and seventy one hun
dredths Of cent for each,penny weight the ouboons
of Bogoa, lomba, at eighty nine cents ind ninety
two hundredths OF cent tor each pennywerht ina
doub'oons of Popayan, Coonbia at eighty eight
cents and sixty eight hundredths OF cent for each
pennyweight the doubloons OF lS37-'3S of New
Grenada at ninety cents and two hundredhs of cent
for each pcnnyweight the doubloons of Bolivia at
eighty nine cents and ninety-two hundredths Of a
cent for each pcnnyweght; the doubloons Of Central
America, at eighty-hve cents and seventy nine hun.
dredths of cent for each penny weight the doub-
looms OF La Plata, at eighty -four and twenty
four hundredths OF cent for each pcnnywcight; the
Johannes and half of Portugal, at ninety four cents
and forty six hundredths of cent for each penny
weight; the crow (of 600 feis) and a half since
1888, OF Portugal ninety four and forty-six
hundredhs of cent FOR each penny weight the piece
of 400 reis of 1893, of Brazil ninety four cents
and forty six hundredhs of cent for each penny
weight; and in foreign silver coins at he value fixed
upon them sevcrally the first above named or
in Treasury notes Of the United States A nd tho
payments made IN Treasury notes shall be paid and