Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1841-06-17
To incorporate The subscribers TO the Fiscal Bank
Of the Uniied States.

Section I. Be IL enacted by the Senate and Hous
Of Representatives. Of ths Uaiisd States Of .9msreC
ia Congress assembled, That Fiscal Bank of IN,
United States shall be established in the District o.
Columbia with a capital Of thirty millions OF dol
lars divided into three hundred thousand shares oil
one hundred dollars each share. Sixty thousand
shares amounting to SIX millions of dollars, shall bo
subscribed for by the United States, and so many
share, and parts OF shares shall amount TO the
sum of nine millions three hundred siXty-seven
thousand two hundred and fourteen dollars and
ninety seven cents shall be subscribed for in behalf
OF the States hereinafter specified, and the residue
OF the said capital stock shall be subscribed, and
p,d for, hy individuals, companies, corporations or
States IN the manner hereinafter specified.
Sec 2. .iad be 70 further enacted, That subscrip
tons for the sum of fourteen millions six hundred
and thirty thousand seven hundred eshty-hve dol
lars and three cents, towards constituting the cap
tai OF the said bank, shall be opened on the first
Monday OF September next 1T the following places,
that is to say: at Washington, in the District OF
Columbia; at Portland, IN the State OF Maine; Mt
Portsmouth, in the State OF New Hampshire; at
Boston, in the State Of Massach1se at Provi-
dcnce. in the State OF Rhode Island at MiddetOwn,
in the State OF Connecticut; Mt 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 Pennsyv
mia; at Wilmington in the State of Delaware; at
Baltimore in the State of Maryland; at Richmond,
in the State OF Virginia. at Lexington, in the State
of Kentucky; at Cincinnati, IN the Stale oil ONO;
nj Raleigh, in the State of \. Carolina; at Nash
vile, in the State Of Tennessee; at Charleston, IN
the State of South Carolina; at Augusta, IN the
State OF Georgia; at New Orleans, in the State Of
Louisiana; at Indianapolis, in the State Of Indiana
Mt Mobile in the State OF Alabama; ut 81. LOUIS IN
the State of Missouri; at Vandaa, in the State of
Illinois; at Detroit, IN the State OF Michigan; al
Niichez in the State of Mississippi; and at Little
Rock, in the State OF Arkansas. And the said sub
scriptions shall be opened under the supernend-
ence Of five commissioners at Washington city, and
Of three commissioners at each oil the other places
aforesaid to be appointed by the Secretary OF the
Treasury, who is hereby authorized 10 make such
appointments, and shall continue open every day,
from the time of opening the same, between the
hours OF ten O'Clock IN the forenoon and o'clock IN
the afternoon, Tor the term OF twenty days, eNclu-
sve ofSundays, when the same shall be closed: and
Immediately thereafter, the commissioners, or any
Of thcm at the respective places aforesaid, shall
cause two transcripts or copies OF such subScrip-
tons TO he made OF which they shall send TO the
Secretary OF the Treasury, one they shall retain,
aud the original they shall transmit, within seven
days from the closing OF the subscriptions aiore
said, 10 the commissioners at Washington city,
And on the receipt of the said original subscription
either of the said copies thereof, the original be
lost, mslaid or detained, the commissioners al
Washington, aforesaid, or majority of them, shall
Immediately thereafter convene and proceed 10 take
account Of the said subscriptions; and !: more
than the amount of fourteen millions six hundred
and thirty.two thousand seven hundred and eighty
uNG lNl sllalA nave Deen
ed then the said last mentioned commissioners shall
deduct the amount OF such excess from the largest
subscriptions IN such manner as that no subscription
shall be reduced ia amount while any one remains
larger Pr0r,d.d, That il the subscription taken at
either of the places aforesaid, shall not exceed two
thousand shares there shall be no reduction OF such
subscriptions shall in any the subscription
taken at either of the places aforesaid, be reduced
below that amount And, in case the aggregate
amount OF the said subscriptions shall exceed four
l. 4 lTr al
venhundred and eighty five dollars and three cents
the said last mentioned commissioners, after having
apportIoned the same, aforesaid, shall cause lists
of the said apporiioned subscriptions TO be made
out including in each list the apportioned subscrip-
ton for the place where the original subscription
was made one OF which lists they shall transmit TO
the commissioners, or one Of them, under whose su-
perntenieHce such subscriptions were originally
made, that the subscribers may thereby ascertain
the number of shares 10 them respectively appor-
toned, as aforesaid; AMI in case the aggreg tie
amount of the said subscriptions made during the
period aforesaid, at all places aforesaid, shall not
amount to fourteen million six hundred and thirty.
two thousand seven hundred and eighty i've dol
lars and three cents, the subscriptions 10 complete
the said sum shall be and remain open at Washing
ton city, aforesaid under the superniendence Of the
commissioners appointed for that place; ard the
subscriptions may be then made by any individual
company, corporation, or State, for any number OF
shares, not exceeding in the whole the amount re-
SIX hundred and ihirly-two thousand seven hundred
and eishty-hve dollars and three cents.
a &c. g. ind Be Il further eseted That 1t shall be
lawful for any individual, company, corporation or
State when the subscriptions shall be opened as
heretofore directed to subscribe for any number OF
shares ofthc capital of the said bank, not exceeding
thousand shares; and tina; the sums so sub
scrbej shall be payable, and paid in bullion, in gold
or silver coin of the United States, or in foreign
coins made and declared current IN the u. States,
by the act Of Congress of the 25Ih OF June, 1884,
entitled Gan regulating the value Of certain TO-
reign silver coins IN the United States" and by the
act OF the 2Slh Of June 1884, entitled An act regu.
lating the value Of certain gold COINS within the
United States" at the following rates, TO VIII the
sovereign o. Great Britain, ninety four cents and
sixty two huudrtdths of cent for each penny
weight; the pieces Of forty and twenty francs OF
France, at ninety-iwo cents and ninety two hun
dredths OF q cent for each penny-wcIght tie doub-
Don and parts OF Spain, at eighty. nine cents and
iIiiy-one hundTCdths OF cent for each pennywcght
the doub.Con and parts Of Mexico, at eighty nine
GEMS and fifty one hundTedths Of u cent for each
pcnnyweighi; the doubiOon and parts Of Peru at
eighty nine cents and seventy. one hundredths Of
cent for each heavyweight; the douboOn and parts
of Chill, at eighty nine cents and sevCniy-one hun
dredths of a cent for each pennywelghi; the dOub-
looms Of Bogoia, Colombia at eighty nine cents and
ninety.two hundrcdihs Of a cent for each penny
weight; the douboons OF Pupayan, Colombia, a,
cighty.eigh, cents and sixty-eght hundredths Of a
cent for each pcnnywegh,; the douOioOns oil
1878 of New Grenada, at ninety cents and two
hundredths of n cent for each heavyweight; the
dlubOons OfBJ'Ivll, at eighty nine cents and nine
ty.two hundfedlhs Of cent for each pennyweight:
the doubloons Of Central America, al eighty. five
cents and seventy nine hundredths OF a cent for
each heavyweight; the dOublOOns of La Plata az
eighy-fo four cents and twenty. four hundredths Of
cent for each pennyweIght; the Johannes and hal
Of Portugal at ninety four cents and fOfty-siN hun.
drcdths OF a cent Tor each pennywelshi; the crown
(Of 5000 reis) and hall, since 1888, of Portugal,
ut ninety four cents and forty SIX huudredths Of
cent for each pennywoigh; the piece Of s. 100 res,
of 1888, OF Brazil at ninety four cents and forty.sx
hundredths Of a cent for each pennyweigh'; and In
foreign silver coins a. the value fixed upon them Sc
yernly 10 the act first above named, or IN Treasury
notes of the United States. And the piymenis
at the par value thereof including all interest which
shall have accrued thereon, the day Of such pay-
msnt. And the payments Of the said subscriptions
shall he made and completed by the subscribers.
respectively, at the time, and IN the manner 10 low.
ing: tna;is 70 say, az the time Of subscribing there
shall be paid ten dOars on each share in bu Ion ip
gold or silver com, or IN the Treasury notes of the
Unted States, and twenty 1--WE dollars more IN buI.
lion, IN coin, Or Treasury notes, Aforesaid AZ tho
expiration o. four calendar months after the time al
subscribing; and there shall he paid the further sum
oil twenty 1--WE dollars on each share, IN gold or ,il-
yer coin, or Treasury notes, as aforesaid In eiab
calendar months alter the time Of subfcu1ing and
notes, aforesaid, at the expiration Of twelve cal.
sndir months from the time OF subscribing
Sec. !. ind be 70 JtrihT enacted, That in consc
qucurC of the appOrtiOnmcnt Of the shares I'm tb,
capital Of the said bank, among The subscribers, In
the case and IN the manner hereInJelOre provide
any subscriber shall have delivered 10 the commits
foners, az the time Of subscribing, greater amount
Ui Hu. rO.d % = 81 and Trragttr,,