The Madisonian. [volume] (Washington City [D.C.]) 1837-1845, 1841-06-19
AN ACT
To incorporate the subscribers to the Fiscal Bank o.
The United States.

The United States.
Section 1. Be il enacted by tho Senate and House
Of Representatives of The United States Of America in
Congress assembled, That Fiscal Bank OF the UNI
ted States shall be established in the District OF Co
lumbia with capital of thirty millions of dollars divi-
ded into three hundred thousand shares OF one hum
dred dollars each share Sixty thousand shares,
amounting TO six millions of dollars shall be subscribed
for by the United States, and many shares and parts
of shares shall amount to the Of nine millions
three hundred sixtyseven thousand two hundred and
fourteen dollars and ninety cents shall be sub
scribed for in behalf of the States hereinafter spec
ed and the residue Of the said capital stock shall be
subscribed and paid for by individuals companies cor
poratons States in the Aanner hereinafter speci-
fed.
Sec 2. And be IL further enacted, That subscrip-
tons for the offoureen millions six 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 the following places that is to say
at Washington in the District of Columbia at Port
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
of Delaware; at Baltimore, in the State of Mary
land at Richmond in the State of Virginia; at Lex
ington, 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; al
st. Louis in the State of Missouri; at Vandaia, in
the State Of Illinois, at Detroit in the State Of Mich
igan at Natchez, in the State of mississippi; and al
Little Rock in the State of Arkansas. And the said
subscriptions shall be opened under the superintend
of five commissioners at Washington city, and OF
three commissioners at each Of the other places afore
sad 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
o'clock in the forenoon and four o'clock in the after
noon for the term Of twenty days, exclusive of Sun
days, when the same shall be closed: and immediate
ly thereafter, the commissioners or any two of them,
at the respective places aforesaid, shall two
transcripts copies of such subscriptions to be made,
of which they shall send to the Secretary of the
Treasury, one they shall RETAIN and the original they
shall transmit, within seven days from the closing Of
the subscriptions aforesaid to the commissioners at
Washington city. And on the receipt of the said
original subscription, either of the said copies there
Of ifthe original be lost, mlslaid detained the COM
missioners at Washington, aforesaid or majority of
them, shall Immediately thereafter convene and pro-
coed to take Of the said subscriptions and
if more than the of fourteen millions six hun
dred and thirty.two thousand seven hundred and
eighyve dollars and three cents shall have been sub
scrbed then the said last mentioned commissioners
shall deduct the amount of such from the lar
gest subscriptions, in such manner that no sub
scrpton shall be reduced in amount while any
mains larger Propided, That if the subscription Ia
ken at either of the places aforesaid shall not exceed
two thousand shares there shall be reduction Of
such subscriptions, shall in any the subscTp
iion taken at either of the places aforesaid be reduced
below that amount. And, in case the aggregate
amount of the said subscriptions shall exceed fourteen
million six hundred and thirty-two thousand seven
hundred and eighty five dollars and three cents, the
toned the same, aforesaid, shall lists of the
said apportioned subscriptions TO be made out nclu-
ding in each list the apportioned subscription for the
place where the original subscription was made, one
of which lists they shall transmit to the commission
ers, or one of them, under whose superintendence
such subscriptions were originally made that the sub
scbers may thereby ascertain the number of shares to
them respectively apportioned, aforesaid; and in
the aggregate amount OF the said subscriptions
made during the period aforesaid, at all places afofe-
said shall not amount to fourteen million SIX hundred
and thirty-two thousand seven hundred and eighty
five dollars and three cents the subscr ptions to COM
plete the said shall be and remain open at ash
ington city, aforesaid under the superntendence Of
the commissioners appointed for that place; and 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 requ
red to complete the said of fourteen million six
hundred and thrt--two thousand seven hundred and
eighty five dollars and three cents.
Sec. g. And be it further enacted That it shall be
lawful for any individual company, corporation, or
State when the subscriptions shall be opened here
toore directed to subscribe forany number OF shares
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 by the act
of Congress of the 25th of June, 1884 entitled
act regulating the value of certain foreign silver coins
in the United States and by the act Of the 18th of
June 1884, entitled "An act regulating the value OF
certain gold coins within the United States, at the
following rates, to witt the sovereign of Great Bri-
tan at ninety -four cents and sxtytwo huntreths OF
cent for each penny weight; the pieces of forty and
| twenty francs of France, at ninety-two cents and
ninety two hundredths of cent for each penny
weight the douboon and parts of Spain, at eighty
nine cents and fifty hundredhs Of cent for each
heavyweight; the douhloon and parts Of Mexico, al
eighty mine cents and fifty zone hundredths OF cent
for each pennyweight; the douboon and parts of Pc
at eighty cents and seyenty-one hundIeths Of
| cent for each pennyweght; the douboon and parts
Of Chill, at eighty-nne cents and seventy hun
dredths Of for eachlpennyweight the doubloons
of Bogota, Colombia at eighty nine cents and ninety
/ two hundredths of cent for each pennyweight Tho
| doub!oons Of Popayan, Colombia, at eighty eigh
cents and sixty eight hundredths of cent for eacf
PENN weght; the douboons Of 1878, of New
Grenada at ninety cents and two hundredths ofa
! for each pennyweight; the doubloons of Bolivia, al
| eighty nine cents and ninety-two hundredths of I
| cent for each pennyweght; the douboons of Contra
| America, at eightyfve cents and seventy-nine hun
dredths of q cent for each pcnnyweight; the doub
| looms Of La Plata at eighty-four cents and twenty
/ four hundredhs Of cent for each nnyweght; tn,
johannes and half Of Portugal, at nineiy-four cent?
and forty six hundredths of cent for each penny
| weight; the crown (of 5000 reis) and half since
1888 of Portugal, at ninety cents and fory-si'
hundretths of cent for each penny weight the piece
of 54O0 reis of 1885, of Brazil at ninety four cents
and forty-six hundredths of cent for each penny
weight and in foreign silver coins at the value fixed
upon them severay in the act first above named OF
| in Treasury notes Of the United States And the
payments made in Treasury notes shall be paid ant
received at the par value thereof including all int
rest which shall have accrued thereon, on the day
such payment. And the payments of the said sub
scriptons shall be made and completed by the subscr
bers respectively, at the time, and in the manner fol-
lowing that is TO say at the time Of subscribing there
shall be paid ten dollars each share, in bullion IN
,ol oy silver coin or in the Treasury notes Of the