The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1841-06-26

succeeding day. Many friends are et 10 mourn tins
untimey Disaster Advertiser
Mr. CLAY, of Kentucky, from the Select Com
mittee, 10 which referred 50 much OF the ftesl-
dents message relates to uniform currency ana
Fiscal Agent, submitted report, No 81 aeeeanla
MED by the following bill which was rad asssd 10
second reading and made the SPECIAL order 81 the
day Tor Wednesday last, the 2Sd instant
BILL
To INCORPORATE the subscribers the Fiscal Bank ~
the United States,
Be il enacted by the Senate and H0useef RsPrtseH-
fdtves Of the United States Of imeric1 an Congress
assembled That a Fiscal Bank Of the United States
shall be established in the District OF Columbia WIN
capital OF thirty millions of dollars, divided mo
three hundred thousand shares, OF one hundred aoi,
lars each share. One hundred thousand shares shaii
be subscribed for by the United States, and the resi-
due the said capital may be subscribed and pad iof
by individuals companies corporations, or States, IN
the manner hereinafter specified But Congress re,
serves TO itself the power OF augmentlng the capnai
of the said bank by hereafter authorizing the addition
thereto of not exceeding twenty millions OF
dollars divided into shares, aforesaid, when may
be subscribed for not less than their par value, by
the United States or by any State, corporation, COM
pany, individuals, in the manner directed by law
Prorided That the United States shall not subscribe
for than onethrd OF the said additional capital
Sec. .. And be il further enacted, That subscrp-
tons for the sum of twenty millions OF dollars TO
wards constituting the capital OF said bank, shall be
following places, that is to say at ashington, IN
the District of Columbia; at Portland in the State OF
Maine; at Portsmouth, in the State of New Hamp-
shire; at Boston, in the State OF Massachusetts al
Providence in the State of Rhode Island; at Hart
ford, in the State of Connecticut at Burlington, In
the State of Vermont at New York, in the State OF
N York at New Brunswick, in the State OF New Jer-
sey; at Philadelphia, in the State Of Pennsylvania
at Wilmington, in the State of Delaware; at Bai-
more in the State of Maryland; at Richmond, in the
State of Virginia at Lexington, in the State OF Men
lucky; at Cincinnati, in the State OF Ohio; at ka-
leigh in the State of North Carolina at Nashville IN
the State of Tennessee at Charleston IN the State
of South Carolina al Savannah in the State OF Geor-
gia 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 III the State OF
Missouri at Springfield, in the State Of Illinois, at
Detroit in the State Of Michigan; at Natchez in the
State of Mississippi and at Little Rock in the State
of Arkansas And the said subscriptions shall be
opened under the superintendent of five commission
Washington city and Of three commissioners at
each of the other places aforesaid to be appointed by
the Secretary Of the Treasury who is hereby autho-
Iized to 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
four o'clock in the afternoon for the term of twenty
days, exclusive of Sundays, when the shall be
closed and Immediately thereafter, the commission
ers any two of them, at the respective places aere-
said shall two transcripts copies OF such sub
scriptons to be made, of which they shall send to
the Secretary of Treasury, 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 subscriptions either of
the said copies thereof if the original be lost mslad
detained the commissioners at Washington, afore-
said majority of them, shall Immediately thereaf-
convene and proceed to take account Of the said
subscriptions, and If more than the amount of TWEEN
~ millions of dollars shall have been subscribed, then
the said last mentioned commissioners shall deduct the
Of such from the largest subscriptions
M sti,srr sHn he re-
duced in amount while any remains larger: Pro
pided That if the subscription taken at either of the
places aforesaid, shall not exceed two thousand shares
there shall be reduction of such subscriptions nor
shall, in any case the subscriptions taken at either OF
the places aforesaid be reduced below that amount
And, in the the aggregate amount of the said
subscriptions shall exceed twenty millions of dollars
the said last mentioned commissioners, after having
apportoned the same, aforesaid shall cause lists oil
the said apportioned subscriptions TO be made out in
Guiding in each list the apportioned subscription for
the place where the original subscription made
of which lists they shall transmit to the commits
sloners, OF them, under whose superintendent
such subscriptions originally made that the sub
scrbes may thereby ascertain the number of shares
to them respectfully apportloned aforesaid; and in
case the aggregate amount of the said subscriptions
made during the period aforesaid, at all places atore
said, shall not amount 10 twenty millions of dollars
the subscriptions to complete the said shall be and
remain open at Washington city aforesaid under the
superintendent of the commissioners appointed for
by any individual company corporation, STATE, tor
any number OF shares, exceeding in the whole the
amount required To complete the SAID OF twenty
millions OF dollars
Sec. 3. And belt further enacted, That it shall be
lawful for any individual, company, corporation or
State when the subscriptions shall be opened here
toore directed subscribe for any number of shares
ofthc capital of the said bank, not exceeding thou
sand five hundred shares and that the sub.
schbed shall he payable and paid in bullion, in gold
silver coin OF the u. States, foreign coins made
and declared current in the United States by the act
of Congress Of the 25th of June 1894 entitled An
act regulating the value of certain foreign silver coins
in the United States and by the Of the 25th OF
June, 1884, entitled " An act regulating the value OF
certain gold coins within the United States" at the
following rates. to wit the sovereign Of Great Britain
at ninety foui cents and sxty-two hundredths of a
cent for each pcnnywcight; the pieces Of forty and
twenty francs of France, at ninety two cents and
nnetytwo hundrcdths of for each pennyweight;
the doubloon and parts of Spain, at eightn cents
and fifty one hundredths of cent for each penny
weight the doubloon and parts of Mexico, at eighty
nine cents and fiity-one hundrcdths of for each
pennyweight; the douboon and p rts of Peru, at
eiphynin cents and seventy-one hundreths of cent
for each pcnnyweight; the douboon and parts OF
Chill eighty nine cents and y-one hundredths
OF a cent for each PENNY weight the douboons OF Boz
gotta Colombia, at eighty nine cents and nnety-two
hundredhs of a cent for each pennyweipht the doub.
looms ot Popayan Colombia, at clghty-iine cents and
siSty eight hundredhs of cent for each penny.
weight; the doubloons of 1919 of New Grenada,
nj ninety cents and two-hundrcths OF cent for each
pennywcght; the douhloons Of Bolivia, at eighty
nine cents and nne,ytwo hundredths of a cent for
each pennywelght; the douboons of Central meri-
ca al eighty five cents and scveniynine hundeths
a cent Tor each pennyweight the douboons of La
Plata, at eighty four cents and wenty-onc hundredhs
OF a cent for each pcnnyweght the ohanncs and
half Of Portugal nineiy-our cents and forty <
hundr,dth of cent for each pcnnyweicht the
crown (of 900 reis) and half since 1888 Of portu