Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1841-08-19
THE BANK BILL,


STATES.
BE tf enacted By tks Ssnais and Heas. Of
Representatives. Of fks United States Of
.1~srtcG, IN Congress assembled Thai =
Fiscal Bank Of the United States shall be
eEtablishsd 10 the District Of Columbia
with capital Of thirty millions Of dollars.
DIVIDED into three hundred thousand
shares. OF one hundred dollars each share.
One bundled thousand shares shall be
subscribed for by the United States, and
the residue Of the said capital NAV be
subscribed and paid for by individuals,
companies. corporations, or States, the
said individuals being cilixsns Of ,he Uni
ted States, and the said companies and
Corporations being Of the several States.
or Of these United States, or Territories
tnereot. 10 the manner hereinafter speci6-
ed. Bot Congress reserves 10 itself the
power Of augmenting the capital Of the
said bank, at any time after the Let Of
January, 1881. by authorizing the add.
hon thereto ola sum not exceeding tween.
" millions OF dollars. divided into shares
A. Aforesaid, which may be ,uSseribed for.
al not less tha5 their par value, BY the
United States, or by any State, corpora-
ton. company. or individuals. in The man
neT directed by law Provided, That the
United States shall not subscribe Tor more
than one-third Of The said addilional espi-
tai.
SIC. 2. find Be u further saoet.d, Tba.
subscriptions for the SUN Of twsnty mil.
lions OF dollars, towards constituting the
capital OF the said bank, shall be opened
on the arSt Monday Of September next.
at the following places. that is 10 say: Al
Washington, in the District Of Columbia
at Portland, in the State Of Maine Al
Portsmouth, in the State Of New Hanp-
shire At Boston, in the State OF Massa.
chnseits; al Providence, in the State Of
Rhode lslsndi at Hartford. in the State
OF ConnselicuI; Al Burlington, 10 the State
OF Vermont; Al New York, IN The State
OF New York at New Brunswick, in the
State Of New Jersey; at Philadelphia. in
the State OF Pennsylvania; at Wilmington.
IA :he State Of Delaware; At Baltimore,
in the State Of Maryland at Richmond
IN the State Of Virginia al Lexington, in
the Stale OF Kentucky al Cincinnati. IN
the State Of Ohio; St Raleigh, IN the State
Of North Carolina; at Nashville. in the
State OF Tennessee; al Charleston, in the
State OF South Carolina at Savannah. in
the State Of Georgia at New Orleans. in
The State OF Louisiana; at Indianapolis, 10
me State OF Indiana ~ Mobile, 10 the
State OF Alabama; al ST. Louis. in the
State OF Missouri; At Springfield, 10 the
State OF luinois al Detroit. in the State
OF Michigan; at Matches, 10 the State OF
Mississippi; and at Little lReck, in the
Stale OF Arkansas. And the said SUBJ
seTiptions shall be opened under the super
Intsndanee Of i've Commissioners at Wash
lngion city, and Of three commissioners
a. each Of the other places Aforesaid, 10 be
appointed by the Secretary CTihe Treasu.
| ~, who iS hereby auihorized 10 make such
appointments, and shall continue open
every day, from the time Of opening The
same, between The hours Of ten o'clock 10
the forenoon and four o'clock in the after
noon, for the term Of twenty days, exc.u-
slve Of Sundays. Wbsn the same shall be
closed ahd Immediately thereafter, the
commissioners, or any t&o Of them, at the
respective places hfo=essid, shall cause
two transcripts CT copies Of such sabscrip.
lions 10 be made. Ons Of which ihey shall
send 10 the Secretary Of the TfeasuFy.
one they shall retain, and the original
they shall transmit. within seven DAYS
iFom the closing Of the subscriptions &c
aforesaid, 70 the Commissioners Al Waqh.
lngion city. And OF the receipt of the
said original subscriptions, or either Of the
said copies thereof. IL the original be iost.
mislaid, or defined, the CON missibneFs AZ
Washington aforesaid. OF q majority Of
them, shall immedisisly thereafter con.
vene, and proceed 10 take en- account %
the said subscriptions and IL more than
the amount Of twenty millions Of dollars
shall have been subscribed, then the said
mentioned commissioners shall deduct
the amount Of sueh excess from The largest
subscriptions, 10 such manner as thai no
subscription shall BE- reduced 10 amount
while any one remains larger: PROVIDED.
That q The subscription taken q either Of
The places aforesaid. shall not sxeesd two
thousand shares, there shall Be 10 rsdue-
hon Of such subscriptions, nor shall. 10
any Gaze, the subscriptions takea At either
Of the places aforesaid. be reduced bslow
thsi amount. And, 10 case the sagrsrats
amount Of TIE said subscriptions ali *.
esed twenty millions Of dollars, The Said
last mentioned commissioner. after hav.
Jog apPofiioDed ibe sane, - Aforesaid.
thail eause hsti Of The ssid apporlionsd
subscriptions 70 BE- made out. including 10
eaeh last The appoFiiousd Subscriptions lor
he place Whfrs The oTiginal subscription
uaf made ona'of Which iisif thay shail
nantmh % the comEissionefr. o. ona Of
then, Under whosa tuperiniendeaca such
subscriptions were originally made. ihai
The subscribers may thereby ascertain the
nambff 81 shares 10 then respectively
appofiioned, aa aforesaid snd 10 case lha
aggfegais am0ant q the ssid subscriptions
msde dunng Iha period Aforesaid. q all
places Aforesaid she'll rot amouai totwsn.
Iiy nlllions Of dollarn. IRE subacupiioos %
cemPieie she said suns shtll be cod rsmaia
oPen e Washingios city, aioFssaid. updeT
che superlnisndencs Of The commisgionsfs
/ nppoipisd fof ihsi place end he sob.
iacnpiiona may BE- ihen made by aoy TO-
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