Western Sun, Volume 7, Number 23, Vincennes, Knox County, 11 May 1816 — Page 1

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THE WESTERN SUN, From the Press of ELIffU STOUT, Publisher of the Laws of the United States. Vol. r.J VINCENNES, (Im. Tv.) SATURDAY, MAY 11, 1816. No. 23.

THE WESTERN SUN, fS printed weekly at Two DoLLARj per annum, paid tn advance or an attested Note, payable at the end of the year for Two Dollars S Fifty Cents. No Subscription will be received for a iess term thin one year -and will ot be discontinued until all arrearages are paid, Whfrf papers are sent by Post, the person subscribing must pay the postage, jAru'F.RfiSEMHN? of HO more length than breadth VJtll be inserted three times fr One Dot. LAM i and l'w knty-1 l v fe Gents, for every after insertion To av)id unpleasant disputes, it is re'

quested of Advertising customers, that

they particulat

times their Adv

fobfc riptiotts. And if more than the amount eommititoners or majority of th-m to ot 2d tn i II luiis of dollai s Hull n-vc been transfer the faid 0 t k in due for m ot f la w to i. lnbed, then the faid 1 v tt mentioned " the prrfident directors 8c company of the ComtioJi Mirr.; (hli deduct ttir amount of ha,ik . t , he U. States," a.- fon s thr faid fin li cfcicfs frosn the largeft fubfttiptiohSj bank fh -II ne organif d : Provided always, in fuch manner as that no fobfcnptioti mail Thi if. in confiqoeiuc of the apportion be reduced in amount, vviule any one re- ment ot the (h.,ies in the capital cl the fuid m tins larger J Provided, I lit if the fob- b.nk among the fubferihers, in the cafe, 8c fcriptiont tken at either ot the placs a- in the manner herein before provided, any foreUid Hull notexcetd 3000 lliaics, there fubft ribe'r (hill have delivered to the comlh.ll e no deduction ot locb fubferiptiontf, miflioners at the time of fobferibing a greanor Hull, in any cal'r, the fuoh ripttons tak- er amount of grJ ni filver com &t funded en at either of the plates aforefaid be redu- debt, than (h II be necefXtty to complete the ted below that amount. And in cate the paymenti for th fl. re or flurrs to fuch aggregate Sftiount of tbe faid fubfcriptinht fubferibers apportioned as .torefnid, the

llnil rat eed 88 millions of dollars, the Lid Com-nillioners (lull only ietin f much of ordain, establish and put in execution, fuch 111 mentioned commiflionert, alter having the faid j old or Giver c.o:.i, St tu i.d -d debt, by I,ws and ordinances, and regulations, as apportioned the famt asatorefaid fhall caule as (hail be ntreCTary to compl te fuihpay- they AmII deem necessary and convenient lilta of the faid apportioned fubfvriptions tO ments, Jk fli.Jl foi thwith return 'he furplus for the government of the faid corporation, bt made out, including tn each lilt the ap- thereof, -on application foi the f me, to 'he not bring contrary to the conllitution

portioned luMcttption lor the place v. line lublcribers lawfully entitled thereto. And thereof, or theliws of the United States

and their fuccessors, lands, rents, tcne ments, hereditaments, goods, chattels and effects, of whatever kind, nature and quality, to an amount not exrerding. j,, ihe whole, fifty. five millions of dollars, iiuluding the amount of the capital ftn k afore faid ; and the fame to fell, grant, deroife, alirn or difpofc oi ; to fue and be fucd, pled and be impleaded, anfwrr ana bo Snfwered, defend and be defended, m all State Courts living a competent jurisdiction, and in any circuit court of thr United S'at s ; and itfo to nrkr, have, and ufe 4 common leal, and the fame to break, alter

and renew, at their pleafurr ; and alfo to

tl f- the number of wfignal fubl'cription w.s made, one ot the commiilioners respectively fhall depofit nd generally to do and execute all and y spLiJj te um er of whictl lilts they Hull MatiffBtt to the com- the gold and iilver coin, md certificates of fifiuulai theacs. mitters and things, which dvcrtisement's are to be rnilfione. s, or one of them, under wbofi lu- public debt hy them refpectivelv re( rived as to tlxm it shall or mav aonertain to do

continued. 'those sent without such perintendame fuch fybferipttons were orig afnrefaid, from the fu'ifcrihera to the capital fnbject, nevrrthelefs, to th" rules, reguladireetions will be continued u'Uil forbid n. I!y m de, thuthe lubfci ibe I m:y there- of the faid bk. in fome place ol fei ure c ti ns, i estr ictioos, limitt'ions arid provi-

and must be paid for acco d ngh, At.L Letters addressed to the h.dttor must be Pst paid, or hty will not be take cut of the cff.ee.

- i irw

. . - . tr . in. - r It II .11 I ... I.., J - . ...4 .. I ..

et senreseutanv v or iric united otatxrs or ,l r iu ior My inuivn uninn-.p.

Imcrna, m ConfYtss asse moled, That

(BY AUTHORITY).

LAWS of thf UN'iON. I4$h Congress, 1st Session. A!9 AC T te incorporate the ful fciihers to thr Bank of the United Statr. BK it enacted by Ute Senatt and House

e

7 A

m - - T -1

a hank of the U State of A merit (hall bs efl .hlillierl, with a r pi' I of thirty five millions of d dl-'S, divi-hd into 350,000 Buret of 100 dollars each (hare. Seventy thoufnd (hfes. mon Mnsf t th lum of fevMi million! if doll is prt ni fhe capital of th faid Sank Hi II be fnhfc rihed jnd pud for by the U. Sct: in the rmnner hetciji fvr rpeeifi ed ; Iftd 380 000 !h,es. smoonting to the lum of 2H m IT i ia of dollars, fliall be IU ifcrihed nd paid for by lodlVtdu la, cnmpani' S or rorp 'rations, in the manner hei-imftef fp-rifie:i. Sec. 2. And be it further enacted. That fuMVript i B f r the Ion of 21 ltn?!t?vttfl of dolhrt:, towards tottftitutin thr c pif I f the faid bank lhall he p-n d -n the fi'fl Monday in July neltt t the following pi a c??, that is to f'V. t rwtlnd, In the Dtfa tritof M ine, H V irtfmotitb in the (late of Nw H opfh re, al Hosi, io h- .te of M tIVhulVttS, t V vi l- nrin thr flate r-f Kb ode III ul, at Middl-towjt in the ft a ti n- ( mnetticttt, t Bulint(ton, in the lrtr V' n nt, t N w Y - k, n thr ftate of Nc at V'i k, at New Urunfwirki in tle (tare of N-w li 'fry, It Phil ttletphii in tr Hate p fvlvnis t Wilmington in the II re of t,vif. t Baltimore, in the (late of a. v ' m I, t Hi limon I, IU the 'r ot Vi'i-

Lexington, In thr :e t R-ntm kv, I ion 'i. i i thr ( tr of Ohio, at ftaa. ii thr itc vl N nth Carolina, at . aa l sVt . y

fcille, in the It te i-nmUee, at

Ml on, in 'he fl te ol S id h Carolina,

at rVogtttU, i the (late ot () "ti, at New C) !cmi. IU th'' d.tr of 1 i.tiii ma, -and at VValliinton, n '.ue Dillr-i't of lldtjmbia. And ;hr faid fubfcfijltionl lh II be opened under the fun r. itendanti "i Hve comhuL f.nfie ? at P '! i of three c irtimif li j'ers aich of the oth pi rs afofe' i I, to oe .pp v ,trtl by the pr I; r it ol th U. Statesfho is hereby aoiliortud to mak" fm h inp lit ' r ) nd fh 'il onttnaje opeo

evf ry day.

mount required to complete the fum of 28 millions of dollars.

Sec. 3. And be it further enacted, Tl t

ny, corporation rr Itat-, when thr lubtiiiptions 111 ll bt Opi trd as litre in bffo o ' , c C ' ted, to fubferibe lor any ntimber ot (hares of tlif rapttal of thr f id bank, not cX' eed i' 3000 (hires, ami the fuUti to luhf ribed fn-l! be payable, and o id in the mnnei fol

ny ic 1 1 nn the number ot Uiares to them lale keeping, lo that the 1 - me rn-y nd fh JI lions herein hvr pre Uribed and dec lared. le'privtly npportionsd asatorefaid. And be fpecifit J!y delivered and transferred as Src. 8. And be it further enacted, That in cafe thr aggregate amount of the fub- the lame were hv them rrfprcively rt criv for the management f the affairs of the f riptions made during the period aforelaid, ed, to the preSidmt. direflors and company laid Corporation, there shall be twenty five at all the places afore laid, Hull not amount of the bank of the U. States, or to their directors, five of whom, being ftockholdersj to 28 millions of dollars, thr fubfcriMions order, as loon as fh II he n quired after the (hall be annually appointed hy thr Prrfito cootplete the faid fum (hall be Sc remain organization of the faid bank. And the fid dent of the United States, by and with the open at Philadelphia a fore fa id, under the Commifliotieri appointed to fuperintend the advice and confent of the Senate, net more fupcrintendanre of the Commiflioners ap fubfcriptionl to the rapitil of the faid bank than three of whom (hall he refidtnts of any pointed for that platej & the fuO iptiong as afor faid, fhall ret rive a rea!'oiiat)le com- one State, and twenty of whom fb-.ll be maybe then made hy any individual, com- penlation for their IWvw rs re fr clively, and annually elected at rhr hanking houfe ia jpany or corporation, for any number of lhall he ?U wed all reafnahle charges and Philadelphia, on the first Monday ot ltl

Ihates, not exceeding in the wh.de the - eRpene in uned in the exrrution of their uary, in each year, bv 'he qualified ftovk-

t ull, to be p id by the prefident, dn-dtors holders of the capital ol thr f.od b nk, ether uid rompany of thr bank, out of the funds than the United States, and hy a plurality thereof, of votes then and there actually given, acSer. 5. And (e it further enacted, That cording to te fcle of voting hereiniftrr it fhall he lawlul foi the U'o-eu States to prefcriutd; Provided always that no p-r. y -y nd redeem funded debt fu fcrihed Ton bt ing a director in tt.. h,,k of chr Uto the ( .pit ,1 fl" h fod b-nk, at the rates pit d States, fr i j rt its -vn branches, sfotelaid, in fu h fums, and at luth times fhall be a director of ny othrr bnk ; and s Hi J! he demed txpedient, any thing in 0:ould Si y fuch director ict as a nrecany act or ac rs ol C ngrefsto the contrary tor in any otlur hank, it (full forthwith

lowing I that is to f iy, hvm millions of thereof notwithflandm. Ami it fh dl alio vacate his appourment in the direction dollars thereof ib gold ( filv-r toiu of the he lawful for thr p rfident, directors, and the bank of the Uoitrd St-ite. And rhe U. Stairs, .r in gold coin of Sp in. r the comp.uy of the faid bank, to fell and trans director!, fo dp!y -.ppointtd and elected, dominions of Sp in, at the rate of (00 cents fer for gold and filvef coin, or bullion, the (hall bp capable ol ferirg,hy vii to" fUnh for every lJ8 grains and Hxty hundredths of funded de'it fubfc ribed to the capital i f the Spoointment and hoi e, from thr firfl M,in a rr:in of thr adlml wrignt thereof, or in f-id bank as aforcfaid : Provided always, d v in thr month of January of e,ch yar, Other foreign gold o filver coin, at the fev- Thst they Inall not IV 1 1 more thereof, th mi until the end and expiration of the fir era! rafeg piefcribed hy tlit firfl P-clion of an the lum of two millions of dollars in any Monday in the month of JatVuary ol' the act regulating the CUerettty of foreign coint one year; nor feil any part thereof at any year next enfuing the tunr of each annual i-i tr States p(T'd the I0:h dny of ittnt within the United Staws. without election to be held by thr One It holders at April, 1806. and 21 millions of dollars previously giving notice of their intention aforefald And the board of dire tors, antheieof in like gold or filver coin, or in the to lhe Setretary of thr Treafury, and of. nu lly,at the first uieeftiig at'r thr ir elecfunded debt of the U. States contraAd at feting the f me to the United Stts. for tion in eaih and eveiy vr-r, ih li proceed th- time of the fubfcrtptlons refpeltvely, the period of fifteen dys at lead, at the to elrc t one of the directors m r preluirnt Aid the p y ments m de in the funded debt current price, not exceeding the rates f ire- of thr corporation, who lhall hold thr I id rf he U. States fball be paid an,t received laid. oftUr during the funr prnod for whi h the at the following rates j tht is to f y, the Sec. 6. And be it further enacted, that dnrctors air appoint' d d rle ted as afore funded debt bearing an interrd of lix peg at the opening of the lunlcnption to the fid ; Provided also, that tht fi'll apoofOU Centum pel innum, at the nominal or par capital (lock of the Uid bank, the .ecreta- m-nt dnu election of th' directos -nd prev,lu thereof ; the funded debt bearing an r' of th Presfurf shall fuhlcribe, or caufe fident of the f .id b4nk ihll br at the :ime inters ft of three per centum per annum, r to be fu Icrihrd, on heh.dt ot the United and for the period hereinafter decNrcd ; the rate of (5 dollars for every fum of 100 United States, the laid numkr of fevemy And provided also, tht in cafe it fhould dollars of lhe nominal amount thereof ; and thoufnd (hues, amounting to lrvtn mil- m any tunr lupprnthit an appointment or th- funded debt beating an intereftol feven liom of dollars as alorefaid, to ir pid in election ol directors, or an election of the pr centum per annum, at the rate of l()6 Roldoifilv r coin, or in flock ol 'h United pirlidcntot .he faid hai k. fliould not do d liars and SI rent! for every fum of 100 States, hearing interest at the u office fo made to tke effect on any day vvlen, dollars of the nominal amut thereof j to- per fcentum p i annum; nd if payment in purfnance of rties'act, they i ugnt totake gethet with the amount of the intend ar- thereof, ot ol any pjtt thcitoi ut mad' in effcit, the I id corporation fl; II not, tor rrued on thr fiid (everal denominations of public llock, hearing intr-ll hs k fore fa id, that iau!V, be ec m d to he (:i IT , out funded debt, to be Computed ftd all wed to lhe f.id interrll lh II be payable quarterly, it f II - lawful at ai ) other tun- to ni ke

oi

th'

f n , between t

timr ol on- nitifl the n ' s or I o' lo k in

the forenoon & 4 o i for t!ie term I 30 d J vs, when the i nte

in, n-flitlv ibrre 'tter

e a y two if thnn, .r th

r

m k in the afternoon, ft, eXilu'or of iop(fa ii be v I f d, and

the r -i m If merst

fpr ctive pi ,i r s

fai I. lh .11 v aufe tw i tr mt r.p-, .r o-

f fut h fttfhf ';ntios to Ue m d-, jne of a o h they lhall f I to the f creiarv of the treafury One tl - 'I II m : 'in. ard the onpioal hey ihaP tr nfmit wit' in fVvetl ctys fl the clo(irtg of th fubfcriptionl $ fo f id, to the i nmifltoneri at Pbtltoelo

il atorf id, d in thi receipt ot the

I tnetnsl tu npti -'v, nr ot either aw

lli idcoi 's thereof, if the oti mlbelolii id Mr detsined, the roni njflinners at .. Iphil tforefeto, or a majotity of m, dial! immediately tatere after convene, I id uratctd to take an MCottttt uf the faid

th time of hibicribing thr fame to thr to commence trom the cim- ol making lu h pit al of the faid bank -s fotef .id. And the payment on account of the faid fuhfenption, payment! of 'he faid fubfertptinna fh-ll br and the prin ip.l ot thr U.d It . k Ql II t e mde and completed hy the fuhlVriHers .ref-- redeem sbh in any fotns -nd atari) pf-n,..s p-rftivfly. t ti e tun s and in the manbef which the government (h II d- ni fit. And following I that II to fay. St the time of fub- the Secretary ot thr I teafmy fit II taule in thr-e fh II he pid five dollars oJSx the certificates ol fu h publi 11 ck to he ea hlhre, ingol Ol filver coin a aforr futs p rpued, -nJ made in .he ulu 1 toim, and an, 2S I ill 's mote in coin as sforefaid, or lh II pay and deliver the f. me to the prrfi in funded deit as sforefaid ; at the expiri- drnt, dirrctcs. and company of the laid tnm ot fix csllendar months sftrt the time bank on thr fi It Gay of January, one iffubfcribing, there (hll be paid the further th-ul nd niu hundred and frventeen, fum of tendollars on each fliare, in gold or whtih faid Hoik ii (hall be lawful for the filver coin ss aforefaid, and S5 dollars more ld pre fident, directors, and rompam to

nil and transfer tor gold and five' . o.n rr

fj h p;. nments, i d to held fu h "fections, i thf cafe n ) r.) - d . ii-'T of holding th . I i tu ns ih.dl be i . u-

latcd by tt t i lws and ordioarn faid corpotatioi ; .nd u 'til furh

VP

r r i ' C ) it,.

in ctm as aiorri.no, or in lunoea cent as af f id ; at tle expirati in of 1 c lrn(iar m mthl from the time of fobfi ribing, th-re (hall he paid the fur'h'rr lorn (f ten dollars on eat. h lhrr, in gold or (ilvrr coin as -trre-faid, and 2 5 doll us more, m coin -.s sforefaid, or in the funded dr bt is sforefaid

Src. 4. And be it further enacted. Thar

ments or elections he nide. thr cine, r ,3 and pi hdrn' 1 t t; r I -.id b-u.k. f r th- tin c being, (hail con til or in ffi - ihd provided also, 'ht n t ife o thr death. r--fig. nattam or removal of thr p- fident oi he faid corporation, the dieitos mt 'I proe rd to rlrft mother pre fide 1 1 t- m he dirrct r as afotef id : and in c fr of 'he d 'ti, refignation, or a fence t'orn lh United States or rrniovd of a director from tf! , tht va-

bullion at ttnr difcrttion : Provided thev esncv (nail "be fuoolied hv thr Pr rfident of

9 j ii'

Oi ill not f 1! m .re than two miliiotis of dol

lars thereof in a v our ur, Sec. 7. And be it fu' titer enacted. That th- fu fcribi rs to thr f.id b-nk of thr United Statn of America, t lie i r foccrssors

and

the United States, or hy ibr ft rkhr,ld-rs as the cafe m y be. But the Pretsdeni of the U nited St trs alone (li It ti v p. .wr. to remove any of the directors appointed hy him as aforef-id Src. 9. And be it further enacted. That s foon as the fum ol rihr niilh- 1 a, tour hundred the uf.nd ri- liars in tfold and fi!er

com, 1 d in the public deb' (hl hvr rn

I rffins, lix!) be, ard are herrtv ere-

at the time ot fobf. ribing to the cpitl of ated s corpor ation and body politic, by the

the faid bink as aforefaid, eai h an 1 evtry n me and dlr cf 44 lhe Pre fident, Diietlobfcribet (hall deliver to the rooimtflionels tors and Company of the Bnk of the U-

at the place of fubfc ribing, as well the --a) nited States,' and lhall fo continue until actually ffrroived on sccoont of the fohfirrtpa

mount of 1 lie 1 r fu iffcriptioni rrfpetively in the thrd day of M irchi in the year one tions to the capital of the laid hark x. coin as sforefaid, at the certificates of fond loattiod eight hundred sod thirty fix, and clufivefy of the fobfcription torrtaid. on ed debt, for the funded debt proportion of hy th ,t o .me (n-.ll be, and are hereby node the part of thr United Statea) notice fhre their refpe 1 ive fubfcriptiooS teenier with ahlr and c ap blr, in law, to have, punhafe, of lhll be given hy the p-'lrs under a power of auorucy, authoriling the faid receive, possess, tnoy and retain to them whole fupetiutcndauca the iublcriptioui