Western Sun, Volume 4, Number 2, Vincennes, Knox County, 13 July 1811 — Page 1
THE
WESTERN SUN
EACH CENTURY HAS ITS PECULIAR MODE OF DOING BUSINESS, AND MEN GUIDED MORE BY CUSTOM THAN BY REASON, FOLLOW WITHOUT ENQUIRY, THE MANNERS WHICH ARE PREVALENT IN THEIR OWN TIME.— HUME..
VOL. IV.
SATURDAY, JULY 13, 1811.
NO. 2.
THE WESTERN SUN, IS printed weekly at TWO DOLLARS per annum, paid in advance or an attested NOTE, payable at the end of the year for TWO DOLLARS & FIFTY CENTS. NO Subscription will be received for a less term than one year—and will not be discontinued until all arrearages are paid. WHERE papers are sent by Post, the person subscribing must pay the postage. ADVERTISEMENTS of no more length than breadth wi!l be inserted three times for ONE DOLLAR, and Twenty-Five CENTS, for every after insertion. TO avoid unpleasant disputes, it is reguested of Advertising customers, that they partscularly specify the number of times their Advertisement's are to be continued.—These sent without such directions will be continued until forbid
end must ee paid for accordingly.
ALL
gene Lcitenfdorfer the fum allowed him by the act palled on the I3;h day of February, 1811. Sec. 5. And be it further enacted, That the fcveral funis appropriated by this ad, Anil be paid out of any money in the trcafury not othcrwife "appropriated. J. B. VARNUM, Speaker of the Reuse of Representatives. JOHN POPE, President ef the Senate, pro tempore. March 3, 1 3 i 1 Approved, JAMES MADISON, AN ACT to incorporate the Bank of Potomac. BE it enacted by the Senate end Bouse of Representatives of tie United States of America, in Congress assembled, That trom and after the 4:h day ot March, whn h will be in the year of cur Lord IS 1 !, fill thole who have or hereafter may become fljtkhoiders in the bank ot' Potomac, their fucceflors and aflians, (lull be and they arhereby created and made a body politic by
the name and Ityleot 44 1 he Freiiacnt, U
;nu must cc ;ia tvi uuy.-.y. , c , , T , rj;Ml, i eori and Company oi the Bank ot 1koL Letters cdnressed to the haitor , r J . AjCi4t . ; jnac," ana io Hi Ul contmur until the 4th nust be Post paid, or they via not j d n ofour Lof( ,s2
taken cut cf the cfilce
(BT AurnoRirrj LAWS of the UNITED STATES. AN ACT to increafc the IMaries of the JtvJges of the Ciicuit Court for the diftriit of C lnnibia. BF. it en zcied by the Senate and JIsuss cf R;rcL:::a::z:cs of th? United States cf Amtnca, in Corgi cs cscerabled, That in udditic!i to the i enprTi?ticn hrretofore al lowrd by Ir.vto the j-'.s of the circuit court of th? dd'-ucf C3!;:;r.bi.i, the fum of 200 dollar-. p-r annum lie ptid to t!ie ci.i-f julliLC ot the laid court, and tii fun) of 4r'J chll 'i p.: i aV.::un: be pitd :j ezch of the F.fiillant j'.:d-ri, '.yable ou artjr ytai !y ;: the full ciiar t'-t ly p ty;ne;;t to be made o;i the full day of Apr'.! r.v:-:t. T 1 P t
Steaher of the Jr--' of ieyrescutatives.
pro ti
re,
Pi es ide nt o , .eS :i a is.
larch 2, 13 I 1 A: r vtd. J AM LIS MADISON.
AN ACT n,Lmr
ch.:ie iiiU reciv.
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f .V .-.:-;;.' -.'if.-- u :;e United Sttir 'j
and no loncer ; r;.id bv that name, fliall have
fuccefiion ; sr.d iliill be and hereby ate
made abie and carble in law to have, pur
liUJ, enjoy ar.u rctiiii
d tii.- IjcteiTors, lands, rent?,
tenements, liereditmnruts, good, chattels and efucU of what bird, nature or quality foever, and the fine to fell, grant, drmife, alien or diipof of; arid by the r.anre atfrefiid m vy fue and be fued, plead and be impleaded, aufwer ar.d be anfwercd, defend E bedrfended, in any court of law or equity. And by t lie name if.rciV:d, nvydo inJ ex rcate every otht r matter and thin, tht they are authorilVd to da by virtue of this act : Provided cizrays, That the land?, tenement: and hereditament:, which it fnil be lawful fr the urt-itdent and direclors to hold, fir-ill be only fuch as ihall be r.qua;te for their immediate accommodation, n ieUtion to tiie convenient tranfac-tin tlu-ir bufitiefs, and fuch as (h .1! have hrcn bona fde mortgaged to them by way of fef u. it yt or coi.vtyd to il.rm in fatiif.sc.tion of debts previcuhy ronti cd in the comfe f)i tLr :r de dings : Provided also, Tii.it the fid prefide nt and dirrtors fhall no: p'Jicb-fe any iroods, chatuhi or efftds. unltlb Inch r.s are fold by virtue of an t xrcuti ' up m .nrtit ulitaincd by t'.s.-m. rxrrpt fuch ani cir -w m bf oeteii .ry lr them in t rar. t -ctinthe hulincfs of the b.ink ; luit it fh..Ii be lawlul foi tiieni to receive and liold lush :-curi:.ci. oovi-, ihatu-la k tdrdl, byway of dr: 'I. : fjr .tdc.r.Lrs nude by thrin to ' . i -i r
or i-M t:s, anu, on iuuir m i.:, :h.- l.i..ic to fell and cifp jfe ef at
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ceeding Hxty, one vote ; for every 8 fhares above 60 and not rxi crt,iiig 100, one vote; and for every ten lhares above that numtnr one vote. But no peifoii or periods, boilics corporate or otherwife, lhill be entitled to more than fifty votes. No flure or (hares (hall confer aright of fuffrae which Hull not have been holden twoc drndcr mouths previous to the day of election. Ai'd in the choice of directors, every ftockholder hiall ote in prrlun, (rxi tpt thofe who (hall refide out of the town of Alexandria) who may vote either in prrlon or by a written ballot by him or her fubferibed with his or her name, and duly ntknowhded bclore a judge of a court, a juQicc of the prace or a notary puhlic, a ceitifuate whereof (full be made on faid ballot by the fYid judge, juftice of the peace or notary public, belore v; horn fuch ackncwledgment fiiall be made ; and faid ballot (h ill be by him fealetl up, and nddreffed to the cafliier of the bank, and being- trsr.fmitted to faid cafliier before the time of the ehion of directors, faid b illot fimil be icceivcd and counted in the choice of director-. And every ftockbold. er in y fell and transfer his (lock in the faid bank, or any part thereof, nt b'n refute, nr.: bcinc; lef: than cue complete (hare or (hares, the transfer bincf made in the bank books, in the prefrnce and with toe approbation of the propi ietoi or his lawful attorney. Sec. 4. And 6c it further erected, That an election (h.dl be held in the town of AlexandrM, on the fit 11 Monday of Novemter in each year, of which notice flnll he given in one or more newfp per.;, printed in the town of Alexandria, four weeks at lead before ftid day of election. And the (lockholders iiirtil choofe, by ballot, fiom r.mong th'- (lotkholdeis, by a majority of votrs, 12 directors, for t!K term of one ye.-r tliercaf. ter; and en rc lignation, difquahfication or removal of any director, out cf tbr county of Alexandria, in the didric"t of C'-Iumbia, or out of the county of F.-trf::, in the lUte cf Virgirjiii, the other din.closs. at ti ir r.e::t meeting thereafter, (hall elect l y billot another perfon qualified as afore Lid, in his place, loi the rchdue of the ye:r. '1 he directors (lull, at the full meeting after every general election, elect by a m joiityof their hole number, by ballot, from among tbir own number, a prtlident, who (hdl he thjr-upin entitled t all the powers and nrivii'-res of one ; and if he w.ts beforr a cirector, another director ll.Jd le i h ited as afni f.'id, fo as to ktep the oumber ot tiirrciors )irfcribrd by tb';3 hCt, ex lufive cf tiie preiident, entire ; & in cafe ot the death ref.nation or removal of the picfulrnt, out of til- ountv of Alexandria, or county vi Fairfax rtfcuef-itd, cr his lefuLl to accrpt his nftlt-f. tbr riirtdlnr!. (li til iv.-et as foon as
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fee fit, f.i as to provide for an annual rotation of the direcAos. Sec. 5. And be it further enacted. That there Iball be a meeting of the Uucttors quarterly, for the purpole of examining the alTaus of the bank, any 4 of whom lhall make a board; and the board flidl have power to adjourn fiom time to time ; and the prefident or any 3 of the diiecois may call a fpecial meeting at any other time that they may think proper. Sec. 6. Ar.d be it further enacted, That the board of dire ctors, by a majority of votes fiiall make bye-Uws, detnmine the m-nt.er cf doing bufmefs. i.d the rules and forms to be puifued ; and difpofe of the money credit of the bank, foi the inten It and benefit cf the ftockholdcrs ; and are hereby anthorif dto receive for difiounts, made at liie fid bank, at the rate and not exceeding fix per cent, per annum, and make at the expiration c fetch halfyrr, a dividend of the profit, or fuch part thereof as they may think prudent. Sec. 7. And be it further enacted. That in appointing a cfiiier ot the f.'id bank, Sc all other officers, a maj' rity of the whole umcTtrs fti'll be nectflry to a choice. Sec. 3. Ar.d be it further enacted, That any director, officer or other per Ton, holding any dure or capital of the iVid bank flock, who (lull commit any fraud or embezzlement, touching the money or property "of faid bank, flu II I be liable to br profet uted in the name of the United States, by indictment for the fame ; and upon conviction thereof, (h. II, fides the remedyhat may be had by action, in the name of the 'prefident and dircclms of the bank of PotomaCi for the fiud aforef.ud, forfeit to the company all his (hare and ftvc k in the fid hank. Sec. 9. Ar.d be tt further enacted. -That the fU bank lhall not at any liin-dil" oiint or lorn a greater fum thn de-uMe the amount of the capital llock, width fliall be actually p-id in. Sec. 10. Ar.d be it further enacted, That no Uochholder or rr-n uer of fjid ton pany (hall be anfwerable for any h ffes, defitienc ics or failure of the capital flock of the fid bank for any more or larger fum or lumsot money wlwtfoexrr, than the amount of the (lock, flocks or (bates, which fl ail appear by the book? of faid company to belong to him at the time or times when fucli lofs or lolTes fliall be fuC-tned, except is hereafter excepted, tht in to fay : If the tnt-l ante 'int of the dnts vvli'nh fiid com. p- ry(h.ll at ai y time owr, vhetbrr by Oond, note, bill or otb-r contract, ih-II exceed twice the amount of the cpit! (bx.lc of the laid bfi.k, over and b-ivr tbr tno. nies cTtudlly drpofitrd in th" b-i k hr l-fc keeping, thru, in cfe of fin h exc ls, he dircctois, un(ier wlnfr admir irtraton it fl;all happen, (hall be li aJe for iu h excefi in t!i-ir n-tuial nod pi .vtr c piii'.ie ; nd an action or -dt.ooi of (! t m-y be brought againll them or at y ! 'h-ir hrirs, exetutor or admiidflrato.s. in Aj-y cot:rt of teccrd within th dubiCt of Columbia, by a y nct-'itor or cred:-ii uf f:d cmpM.-y, m-I nny br prohcut'd to judgment nd rj.rcnMon. auv (crdif.on or i ov e-n t, or . . t I'fiir to the crmtraiy notwiib'.t J at e ; ' at flnll n-t br icir.fli nrd to xrinpr the ! ,ii bo ly politic, or I md, rt'i :'.u arras , r cba'.l'Ii of the f.iae. i ta - -a ,' ! liI- f -r ivd ch-rreat i- v.r.h f :! "hz i1- tided. That fmh of the fnd d'-or?, , . may have breii ubh-r.t v. b.d rx"i was coi tiai' d, or crra--d, or v. ho n. y iuvc diun.ud :Vva. thf rtf-Iuilsn cr ait,
