Western Sun, Volume 7, Number 24, Vincennes, Knox County, 18 May 1816 — Page 1

From the Press of ELIHU STOUT, Publisher of the Laws of the United Slates,

Voi,. 7. VINCENNES, (ln. Tv.) SATURDAY, MAY is. 1816. No. 84.

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(BY AUTHORITY).

0 r

LAWS ok the UNION.

. ist Session,

i l Conm

V '

AN ACT to incorporate the Pub fori ben to the Bank ot thr United States. (Concluded from my Lfl.) 11. The directors of the Lid corporation fliill cllab'ilh a Competent ollice of (liscount and depofit it) th: Diftrict of Columbia, whenev ef any law ot the Uuited States Dm II require fuch an eftablifhment ; alio one fuch office of difcount ind depoGt in any Stte in which two thoufand ilures (hall have been fubferibed or may be held, whenever, upon application ot the legislature ot fuch Sute, Congrefs m y by law, require the si-ne : Prov d J, the directors atorer""fi'i3 il AH not br bound to eftablifh fnch office before the whole of the capital of the bark fh til have been paid up An t it Am II be lawful for the directors of thr f id corporation to efitbliih offices of discount and depolit, whrrefoever they (hall think fit, Within the United Stat s. or the territories Ihereofi and to commit tin management of the la id offices, ind the bufinefs thereof, ftfpectively, to fuch perfons, and under fuch re. illations as they (hall deem proper not being contrary to law or the t itftntion of t!i- bank. Or inOesd of eltabtifhing fuch offices, it Ih :ll be lawful for thr directors of the faid corporation, from time to time, to employ any Other bank or banttSf to he fit st approved by thr fecretary of be treafury, at any time or places, tint thty m v deem fafe and proper, to manage and trmLctth- buGnefs us propofed iforefatd, othrr than for the purpofes of difcount, to be managed aid trHoLcVd by fuch offices, under fuih agreements, and fu jcCt to fuch regulation?, as they lhall drem jufl and pro per. Not more than thirteen, nor lets than ft sen managers, or diretors, ot every office eftablilhed as afbrefaid, lh-11 be annual. y sppoiuttd by the directors of tilt bank, to fcrve one year; they Hull choofe a prefident from their own number : each of them lb .11 ne a ntiz-n of the United States anj a refident of the 11 ite, territory or district wherein fuih office is eftablifhed ; and not Store than three-fourths of the Lid numbers or directors, in office at the time of an annual appointment, lhall be re appointed for the next fa creeping car ; and no director lhall hold his office more than three years out of four, in fucctllion ; but the president may be always rr appointed

15. ThC cttuer at the head ot the trrafurv department of the United States Hull be furnifhed from time to time as often as he ma require, not rxceecimg c nee a week, with tiatementl of the amount of capital ftock of the fd corporation, and it the debts due to the f.ine ; of the moneys cic pofittd tl erein ; ( tl e notes in circulation, and of the Pj Lie in hand ; and hV,ll h vr a riht to infpect futh general accounts m the books of the bank a (hall rt late to the faid fiaten;rnt : Prom ded, that tl is (lull not be tonftrQed l imply a right of infpedling the account ot any privati individual or indi. viduals hi'Ii the bank. 16. No ftoekhoMer, unlrfs he be a citi7rn of the United States, Oiall vote i.t the chouc of directors.

I7. No note lhall be issued for lc Is than five dollars, Sec. 12. And be it further cnactcdlbat if the fiid corporation, or any pcrion or perfons, for or to the ufe cf the fame, lhall deal or trade in buying or felling gooci, wares, merchandize or commodities whatloever, contrary to the provitions ot this act, all and every per foil and perfons, Ly whom any ordrr er direction for fo dealing or trading fliall have been given ; and alt and every perfon and ptrl ns who lhall have been concerned as parties or agents therein, lhall forfeit 3nd loie treble the value of good ;, wares, merchandize and cotnodities in which fuch dealing and trade (hall hvr been; one half thereof to the ule of the informer, and the other half to the use of the United States, to be recovered in any actio.i of law with cutis ot fuit. Sec. 13. And be it furthe r enacted, That if the faid corporation lhall advance or lend

any lum of money for the life or on account of the government of the United States, to an amount exceeding five hundred thoufand dollars ; -r of any particular flate, to an amount exceeding fifty thouland dollars ; or of any foreign prmce cr ftate, lunlefs previouflv authorised thereto by a law of the United States,) all -nd every perfon and perfons, by and with whole ord r, greement, Confent) or approbation and con nit nee, fuch unlawful dv nice or lo in (hall have been made, upon conviction thrrrof flv.ll forfeit and p.iy, for every fuch offence, treble the value or amountof the fum or fums which have been fo unlawfully advanced or lent ; one fifth thereof to the ufe of the informer, and the refidue thereof to the ufe of the United States. k Sec. 14. And be it further enacted, What the bills or notes of the faid corporation originally made payable, or wl ii !i (hall have become py ible on demand, lhll be receivable in ll payments to the United States, unlefs other wife direc-tcd by an adt of Congr f.-. Sec. 15. And be it further enacted That during the continuance of this atl, and whenever required by the Secrttary of the Treafury, the faid corporation lhall rive the neceffary facilities for transferring the public funds from plarc to place, within the United States and the territoties thereof, and for diftribnting the fame in payment of thr publie creditors, without charging ternmillions or claiming allowance on account of difference of exchange, and fh.dl alio do and perform the feveral and rejpedlive duties of the commitfioners of loans for the feveral OMte?, or any one or more of them, whenever it quired by law. Sec. 16. And be it further enacted, That the deposits of the money of the Unwed States, in places in which the laid bank and branches thereof may be eftablilhed, lhall be made in faid bank or branches thereot, unlefs the Secretary of the treafury lhall at any time otherwife order and dutd ; in which cafe the Secretary of the treafury fh all immediately lay before Congrefs, if in fessiou, if not, immediately '.fter the com nimcement of the next fefliot), the reafons cf fuch order or direction Sec. 17. And re it farthe r enacted, That thr. faid corporation lhall not at any time fufpend or refute payment in g; Id and filter, of any of its notes, balls or obligations 3 nor of any money rfeived upon deposit in laid bank, or in any ol its offices of difcount and depoGta And if the laid corporation lhall at any time re f ufe or necleCt to pay on demand any bill, note or obligation issued by the corporation, according to the tontract, promile or undertaking therein expressed ; or (hall neglect 01 refufe. to pay on demand any moneyi received in laid bank, or in any of its offices aforefaicl, on depofit, to the perfon or peifons entitled to receive the fame, then, and in every fuch cafe, the holder of fuch note, bill or obligation, or the perfon or perfons entitled to demand and rect i vr fuch moneys as aforefaid, fliall b? refpedxively entitled to receiv an i recover interelt on the faid bills, notes, obli ations or moneys, until the lame fliall be fully paid and fatisfied, at the Mte of twelv pel centum p-r annum frc m the time ot fuch demand as if ore faid : Provided, That Congrefi may at any time lierertfter enact laws enforcing :.nd regulating the recovery of the amount of the notes, bills, obligations or other debts, of which payment fli ill have been refilled as atorefaid, with the rate of interrrt above mentioned, tefting jurisdiction for that pu'pole in any courts, either of law or equity, ot the United Su:;;, or territories thcrcooJ,

of the feveral Hates as they may deem expedient. Sec. 18. And be it further enacted, That if any perfon fliall falfely muke, forge or counterteit, or caule or procure to be t alfely made, forged cr counterfeited, or willingly aid or alfiit in falfely making, forging or counterteiting any bill or note in imitation, or purpoi tin to be a bill or note issued by order ot the president, directors and company of the faid bank, or any order or check on the Lid bank or corporation, cr any caflutr thereof) or fliall falfely alter, or caule or procure to be falfely altered, or willingly aid or a fli ft i n falfely alteiing any bill or note itlcicci bv order of the Pr-ii-dent, directors and company of the Lid bank, or any order or check cn the faid bank or corporation or any calhier thereof; or fliall pais, utter or publilh as true any taile, forged or counterfeited till or note, purporting to be a biil or note ilTued by order of the prefident, directors and company ot the faid bank ; or any fa! fe, forged or Counterfeited orcicr or check upon the faid b-nk or Corporation, or any caihier thereof, knowing the fame to be falfely forged or counterfeited; or (h 11 pals, utter or publifh as true any falfely altered bill or note iflued by ord,T of the president, directors and company of the f.iid bank, or any falfely altered otd- r or check on the faid b;nk or corporation, or any cafliier thereof, knowing thr fame to be falfely altered with intention to defraud the Lid corporation or any other body politic or perfon ; or fhall fell, utter, or drliver, or c&ufe to be fold, uttered, or delivered, a p y forged cr counterfeit nore or till in imitation, or purporting to be 3 bill or note ic. ued by order of the president and director of the faid bunk, knowing the fame to be Life, fog. ed, or counterfeited; every fuch perfon fli 11 be deemed and adjudged guilty of felony, ard being thereot ccnvied by due Ceurfc of law, dull be Lntenced to he irnpritomd and kept to hard labour for not lefs than three yeais, nor more than ten years, or flull be imprifoned not exceeding ten years, and fi ied not exceeding five thoufand dollars Provided, that nothing hrein contained fliall be conflmed to depiive the Courts of the individual iLtes of a jurisdiction under th Inws of the feveral flates. over any offence declared puniffiable Ly this net. Sec. 10. And be it further enacted, That if any perfon fliait make or engrave, or caufe or pro(ute to be made or engaved, or fliall have in bis cufiody or poiTeffion any rnrtalic platr, engraved alter the timilitude of any plate from which any notes or tills issued by the Lid corporation flijll hnve been printed, with intent to ufe fur h pLte, or to caufe or fuffer the fame to be ofed in forging or counterfeiting any ot the notes or bills issued by the faid corporation ; or fliall have in his cuflody or pofTcffion any blank note or notes, bill or bills, engraved and printed after the timilitude of any notes or bills issued by faid corporation, with intent to ufe fuch blanks, or caufe or fuffer the fame to be ufed in forging or counter feiting any or the notes or bills ilTued by the faid corporation ; or (hall 'nave in his cuflody 01 possession any p ;; er adapted to the making ot bai k notes or bills, and ftmilar to thr piper upon which any notes or bills of ;he laid corporation lhall have been issued, with intent to ufe fuch paper, or caufe or fuffer thr fame to 'e ufed in forging or counterfeiting any t the notes ilTued by the Lid corj irati n, ev ry fuch perfon, being thereat convicted by due Ca.urfe of law, fl.-il be fentenced to be impnfoned, and k-pt to hard labour, for a term rot exceeding five years, or fiiU be impnfoned for a term not exceeding five years, ami fined in a fem not exceeding one thoufand dollar. Sei. 20. And be it further enacted, That in consideration of the exclusive privileges and benefits conferred by this act, upon the faid bank, the president, directors, and company thereof, fliall pay to the United States, out of the corporate funds thereof, the fum of one million and five hundred thoufand dollars, ia three equal payments ; that is to fay : five hundred thoufand dollars at the expiration of two yeirs, five bun died thoufand d. liars at the expiration of thee years, and five hundred thoufand dollars at the expiration of four years, after the Lid hit k fliall be organized, and commence i-.s operations, in the manner herein before prrfenbed. Sec. 2 i. And be it further enacted That no other bank Anil be eflablifhed by any future law of the United States during the continuance of the corporation hereby created; for which the faith of the United

States is hereby pledgee. Pnvided, Gongrets may renew exifting charters for banks in the Diflrict of Colombia, not increafing the capital thereof, and may aho eftablith any other bank or banks in Lid d:fli ic t with capitals not exceeding in the whole six millions of dollars, if they (hall deem it expedient. And, notwitbftanding tho expiration of the term for winch the Lid corporation is created, it (hall be lawful to ufe the corporate mmr, fly!'- and capacity, for the purpofe of luits for the final fcttlement and liquidation of the affairs and accounts of the corporation, and for the Lie and difpolition of their eflate, r-al, perfonal and mixed; but not for any other purpofe, or in any other manner whatfoever, nor tor a period exceeding two years after the expiration of the faid term of the corporation. Sec. 2 2. And be it further enacted That if the fubftriptions and payments of faid bank fl.all not nr made and completed fo as to enable the fame to commence its operations on or before the fi.fl Monday in April next, t-en and in that cafe Congrefs m?.y ;.t any time within twelve month-, thereafter dccLre by law this act null ar.d void. Sec. 23. And be it further enacted, Tht it fl,a!l at all times be lawful for a committee of either ho ufe of congrefs, appointed for that purpofe, to infpect the books, ai d to exam ne into the proceedings of the corporation hereby created, snd to report whether the proviGons of this charter have been by the fame, violated cr not, and whenever any committee as aforefaid Hull fi-.d and report, or the President of the United States ihali have reafon to believe that the charter has been violated, it may be lawful for congrefs to direct, or the President to order a fcire L?.L3 to he fu-d out of the circuit court of the dilhict cf Pennfylvania, in the name of the United States, (which uYll he executed upon the president of the cor;-. 1 ition for the time being, atleafl fincen days before the commencement of the term of faid court, calling on the said corporation to fliow caufe wherefore the charter hereby granted lhall not be declared forfeited ; and it fliall be lawful for thr Lid court upon the return of the Lid Lire facias, to examine into the truth of the alleged violation and if fuch violation be made apprar, then to pronounce Sc adjudge that the Lid charter is forfeited & annualled Provided however, Every ilTue of Let which may be joined between the United States and thr ccporation aforesaid, fhall be tried by jury. And it fliall be lawful for the court aforefaid to require the production of fuch ot the books ot the corporation as it may deem necefiary for the ascertainment of the Controvt ted L3s ; 5c the final judgement of the court aforefaid, fliall be examinab.o in the fupremc court of the U. States, by writ of error, and may be there reverfed or affirmed according to the ufages of law, H. CLAY, Speaker of the House of Representatives JOHN GA1LLARD, President cf the Senate, pro tempore. Apiil 10, 1816 JAMES MADISON. AN ACT to authorise the payment for property loft, captured or deilrcyed by the enemy, while in the military fervice cf the U States, and for other purpofes. BF1 it enacted by the Senate and House ef Representatives f the United States of America, in Congress assemnlcd, That any Volunteer or draft militiaman whether of calvalry mounted riflemen or infantry, who in the late war between the U. States and Great Bi ium has fuflained damage by the lofs 1 faoy horfe that was killed in battle or which hr.s died in confequence cf a waunci therein received or in confequence cf failure on the part of be U. States to furnifli fuch horfe with fufficient forage, while in the military fervice of the U. States, fhall be allowed and paid the value thereof. Sec. 2. And bt it further enacted, That any pcrion whether cf calvalry mounted militia or volunteers who in the lite war atorefaid, has fuflained damage by the lof cfa horfe, in congruence of the owner bem dismounted or fe para ted .nddemhecl from th- Lm-, by order of rhe commanding officer ; or in confequence of I he rider bein killed or wounded iu battle fl.all be all, wed and paid the value cf inch borfe, at the time he was received into the public ferviceb Sec. 3. And be it further enacted, That any perfon who in the late war :!oreia;J has fuflained damage by the h fs, capture cr delbucYion by an enemy, of any horfe mula ox, waggon, cart, boat, llci, h or hameis, while fuch property wa ia '-he military sr-