Indiana Republican, Volume 1, Number 16, Madison, Jefferson County, 12 April 1817 — Page 4

expenditures while engaged in the business of the company, shall be defrayed out of the joint stock. S-c. 13. Arid be it further enacted, That until the first president and directors are chosen under this act, as herein before directed, subscriptions shall be received by, and under the direction of John Paul, John M Intire,'Jbhn . Ritchie, Christopher Harrison, Alexander A. Meek, Henry Ristinc, Natha- . nicl Hunt, John Sering and Dawson Blackmore, and at such places in any county or any state, and under the direction of such persons, as the above commissioners may appoint, whose duty it shall be respectively, to deliver up to the. president and directors of the company,' so soon as they shall have been chosen, in manner herein before described, the subscription papers and the money that shall have been paid thereon. Sec. 14 And l;c it further enacted, That one hundred and twenty-five thousand dollars of the aforesaid capital stock, shall be reserved for this territory, and shall be subscribed f or, at such time and times, and by such persons in its behalf, as the legislature may by law appoint. And as soon as the said territory, or state, as the case may be, shall have subscribed for five thousand dollars of said capital stock, the legislature shall be entitled to the appointment of one of the directors, and whesia further subscription to the amount-of fitly thousand dollars shall have been made by the said territory, or state, or any person in their behalf, the said territory or state, shall be entitled to the appointment of two directors ; and when the whole amount reserved for the territory, shall be subscribed for, the said territory or state, -shall have the appointment of three directors. Szc. 13. And be it further enacted, That the Jegislature hereby reserve to the territory, or the state, as the case may be, the right to tax the capital stock of said bank, when in their discretion it may be thought proper. S:c. 16". And be it further enacted, That if any shares in said bank, shall hereafter be subscribed for, on behalf of the territory or state, or any loan or loans of money for the use of the territory or state, shall be required by, and on behalf of the territory or state; such loan or loans, and such subscriptions, shall, tw regulated by, and conformably to the rules, regulations, limitations, and restrictions, as are prescribed in the act entitled "An act to incorporate the president & directors and company of the Bank of Vin- - Sec. 17. And be it further enacted, That the; 'lands and tenements, which shall be hwfulfy held by the said company, shall be such only as may be requisite, for its immcdiite accomodation, in the transaction of business, and such as shall have been bona fide moit gaged to it by way of security, or conveyed to it in satisfaction for debts previously contracted in the course of its dealings, or purchased' at sales upon judgments which shall have been obtained for such debts. Sec. 18 And be it further enacted, That said corporation shall not directly or indirectly, trade in any thing except bills of exchange, gold, silver, or the sale of goods, really and truly pledged for money lent, and not lega ly redeemed in due time,or of goods which shall be the produce of its lands; nor shall said corporation take more than six per centum, per annum, on its loans or discounts. , ! " WIILLIAM HENDRICKS, Speaker of the House of Representatives, . . JESSE L. HOLM AN, ' President tf the Council., APPROVED 10th blillX. . -:',x : posfy. INDIANA TERRITORY, sct. r I JOHN' GIBSON, Secretary of the

said Territory, do hereby, certify, that the foregoing is a'true copy of the act to incorporate the Farmers and Mechanics Bank of Indiana, as the same stands on file in my office. In witness whereof, I have here- ' unto set my hand, and affixed the seal of the said Territory, at Jefferson viile, this 10th day of January, 18 16, and the "40th year of the independence of the United States. JOHN GIBSON. VThe following is that part cf the law 'incorporating the Bank ofVincennesJ whhh the 16th section cf the foregoing law, has reference to. Sec. 1 1. Be it further enacted, That so : soon as the books are opened for subscription of shares of the said Bank stock, the governor may, and he is hereby authorised to subscribe on. behalf of the .Territory, for fifty shares of said stock, which shall be paid for by the treasurer, out of any monies due, or hereafter to become due to the territory from the different collectors of the territorial rev enue, when the same shall be paid into the treasury, in prefert-nee to any otner demand, :& to pay the same accordingly: Provided nevertheless, That no share so subscribed for, or that may be subscribed for the benefit of the territory shall forfeit under any pre'tence whatever, any thing in the second section of tliis act to the contrary notwithstanding. - " r' - 'Beit further enacted, That so soon as the Bank is organized and ready to do business, the president; directors and company shall, and they are hereby required to loan to the territory at. the usual interest, and according to the .rules of the Bank in that case to be established, the sum of five thousand dollars, as the same may be wanted or needed,' to defray the public expendj- -tures of the territory, and the treasurer is hereby authorized and empowered to draw upon the Bank occasionally as may be necessary for paying such officers, and to audit warrants in favor of the president, directors and company of the said Bank, for the sums so drawn, as the same may be required. Be it further enacted, That the said Bank shall loan to the territory or state (as the case may be) in each and every year hereafter so much 'money if required, as-shall amount to the whole amount of stock the territory or state may hold in said bank, for defraying the general expenditures of the territory or state : Provided, That the territory or state shall in no year hereafter, subscribe for more stock in said Bank than the amount of the revenue of'the territory or state, for such year. Be it further enacted, That the territory or state, (as the case may be) shall not loose the benefit of any half yearly or other dividend, on account of any failure on the part of the territory or state, to pay up any instalments : Provided, all the instalments due in any year on the shares of the territory, shall be paid up during the said year. BAD NEWS. . Indian Outrage. A letter from a respectable gentleman to his friend in Savannah, dated St. Mury,s, (Geo) March 1st, 1817, say, "We have had a dreadful scene in this country : a woman and her two children have been killed and scalped by the lower Creek Indians within a few das A proper representation has been made to the Gov. & gen. Gaines. I ysh you could by your exertions, ,

have a small force of one co nv stationed on this river, f0r J protection of the frontier, oi will be broken up.'". London, j n, It is understood that the tlift

ences between Russia and the (

States, relative to the arrest oft Russian Consul, have been a icably adjusted.

From the London Morning Chroniclt. The United States being the only rep: lie in the world, will lead them natunlK-J' favor any nation fighting: for the avJ

purpose of independence, but especially e geographically connected with thtrn. A 1 1 ...I '-L. TT 1 .

tne asjre which uic u oiaicj nas n exret"

her territories to the Gulf of Mexico, rerjf a war with Spain inevitable. The U. Su have to complain of numerous insults nnj juries committed by Spain, upon her 11J

morrf in hr npnnli. At the tim? f J

...WtWW -..v- J- 1 w between America and Alders, the im

sent into Carthagena an Algirene Friji which they had captured, when the comsn;

dant of the place ordered her oil, stating Catholic majesty would not interfere tween the Americans and Algirenes! I frigate was litterally cut to pieces in hern gingand and spars, and the prize office; ted his inability put to sea. The consej:r was, that she was permitted to retmin ti courier could be sent to the 'adorable Fe: nahd at Madrid, but before an an-.vvr received, peace hid been concluded .etw;. America and Alders, and the basinets drr

ped. j AgainThe decoying of the AmcricJ vessels into the port of Santa Mmlu.d? then seizing the the same for an aiic?f breach of the blockade, forcing the cieviyf march 2 'o and 300 miles without rest, ascarcely any food, & then imprisoning tli( It is true that these men were afterwards;' ven lip, not from the justice, but the tor; ; the royal Spaniards. f, Again Ilie seizing the person and p

pers of Mr. Meade, the commercial agent f...

Cadiz, who is now m prison. 1 hese arc reasons which the Aincris

jrovernment ran urge for going to war,

she no more : but alas, poor spam ! Firebrand will be thy ruin. A nation w

has reared its head agamsr Briton s ship gallant seamen, will, it is hardly though

mit you to commit outrages on her coast

rrainst her citizens.

On the 16th instant 160,

in specie was recived at Chain n from Jamaica- About a wet

previous 200,000 $ also arrive?, and 200,000$ lately arrived

New York. It is now coining il

to all-parts of the country.

Columbus Oliio,Mar: 6. Spccf;, lation afloat. A short timesii)-.

luere passed mrougu mis pedlar, having among other

cles, wooden Nutmegs for sale. ie vorwirfPfl thaf iOXR acUial

XtJ I VjUl IVU some purchased in this p

We have often heard of Van speculation, but conceive lln be about the climax.

an 1:

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