JOHN SHIELDS, .
MObT earnestly solicits all his Creditors,
prior to the 13d day of August, 17971
that have not fnrnilhed their account!) to render
them to him before the loth instant, as after
that day they will be excluded from his firft
dividend.
January 2 d tn Jy.
67TV DANCING ASSEMBLY.
THE Subscribers are informed
that the Ball, in compliment to the President
of the U»ite 1 States, will be given at the New
Theatre on Wednesday the 16th instant.
'Thomas IV. Francis, "
Thomas Ketland,
Matthew Pearce,
Wm. Macpberson,
James Gibson, V Managers.
Jonathan Williams,
Stephen Kingston,
Samuel Murgatroyd,
jan. 10.
NEW-THEATRE.
C 5" The Managers refpe&fully acquaint
their Subscribers, and the Public, that the
Theatre will be opened immediately after
the Ball to be given on the 16th Inft.
WIGNELL & KEINAGLE.
Jan. 11
TO LET,
-pHE large House in Southwark, lately occupied
* by Mr Henry Mitcl.cll ; apply to
Isaac Wharton.
Jan. 1 c §
Bank of United States,
January 7, 1799.
THE Direftors have this day declared a
Dividend for the last fix mont'is, of iixteen
dollars per (hare, payable after the 17th inft.
to the Stockholders or their legal representa
tives. G. SIMPSON, Cafliier.
.
Bank of Pennsylvania,
Ilemnbcr 31, 1798.
The Stockholders of the Bank of Pennsyl
vania are hereby notified that their Annual
meeting will be held at the Bank on-Friday
the Ift day of Feburary next at 10 o'clock.
By order rf the Board,
JON A. SMITH, cajhicr.
jan 12 dtiftF.
host, this Morning,
A CHECK, No. ?7», on the Bank of the
United States, for 175 dollars, dated the
nth and drawn by Bond and Brookes, in favor of
J. B. Bond : Also a five dollar note of the Bank
of the United State>.—Payment of the check is J
flopped. Whoever will deliver it to the fubferibers ■
at the corner of Market and Sixth street, {hall re
ceive the five Dollars in reward.
BONO & BROOKES,
jan. I*. 5
' WILL BE SOLD,
At Public Vendue, on the I 7th Injlant, in the
evening,
Two Tracts or Pieces of Land,
OI TUATE in the state of Tennessee, one of them
O lying and beinjr in the county of Sumner, on
the Head-waters of Flinns creek, containing one
thousand f<.ven hundred and'fourteen acres, and
the other situate in Hawkins county, in the fame
state, containing fitfe thousand acres.
Conditions of sale will be caih, to be paid on
the execution of the deed. Information, relative
t?> the titles, may b«t had on application to Joihua
B. Bond, no , corner of High and Sixth streets,
Philadelphia.
Shannon Es? Polk, AncCrs.
Jan. 8 <t»i7jy.
NOTICE.
THE public are hereby cautioned
againfl purchasing two Tratfts of Land in the state
of IVnneflei, advertised fnr sale on the evening of
the j ?th of January by Shannon and Folk. The
conditions of trust by which Jcfhua B. Bond he
can" e in any wife interested in them not having
been complied with, he can hare no farther title,
claim, or demand to them—The fubferiber iides
tcrmined, therefore, to contefl his, the said Bond's
right in every stage.
SAMUEL MINNICK.
Jan. !,;■ dtl 7J
Ephraim Clark,
CLOCK WATCH MAKER,
Corner of Front and Market streets, Philadelphia
HAS JUST RECEIVED,
BY the different arrivals, a large supply of Clock
and Watch makers and Silver Smiths Tools,
files and materials,
CONSISTING or
Rowling Mills, large and small Bench and Hand
Vices, Turnbunches, Plyern, Sliding Tongs, Bra
ces and Bitts, Grooving tools, Saws, Scratch brufh
c«, Blow pipes, Screw and Draw plates large and
small Hammers, Clock dials, call brass Bells, for
ged w-rk and pinions, Emery, Rotten Hone, Pu
mice Hone, Borax, Spelt»r Sorder, Brass, Steel and
frou wire, (heet Brali, main firings and glasses
gold, gilt, arts fir el chains, seals and keys, &c. & c
Cj" Clocks and Watches carefully repaired
" 0Y - " eodtf
Canal Lottery, No. 11.
Will re-commence drawing, on Meuday,
thejth of January next, and c»n
---t 'mue until'finijbett.
to be had Bight Dollars each, at
WILLIAM BLACKBURN's Lottery
and Brokers office, No. <S 4 Sooth Second-street,
where cheek books are kept for registering aid
eximjhation of Tickets in the above, City of
\\ afliington and Patterfon Lotteiies, &c.
STAII OK THI Wuiii,
One prize of ro,ooo dollars 10,000
*[ ve 4tOoe 10,000
i ■ A wo *'°°° 4,000
" i, w0 i.oce 2,000
J CR S OO s,cos
Twenty-seven - 200 J)4 o 0
With a full proportion of th* one hundred
and of the fifty dollar prizes—The Lottery is
more than two thirds drawn and above ij.oco
dollars richer than at the commencement.
Note, the bufintf- of a Broker duly at
tended to in all its branches. tu.fr.
ouv. 9-
Notice.
ALL persons indebted to the Ef
t»te of Isaac Telkaik, Efq decealed, are requeu
ed to make immediate payment, and those having
ny demands against said Estate will plcafc to furnifh
their accounts duly attelWd Cor feltlemen' to
george Davis,
Attorney in last to
JOlffl M'KIM, jr. Ad'm'tr.
Dk '«B- 2 w6w
United States. ) ff,
Pennsylvania district. $
IN pursuance of a Writ to medireard, from the
Honorable Richard Petsrs, esq. Judge ol the
Dtftria of the United States, in and lor the Penn
fylvania diftri2, will be exposed to sale at the
Merchants' Coffee House, in the city of PhiUdel
phia, on Thursday, the a 4 th day ot January, roll.
at 6 o'clock in the afternoon,
insular, her tackle, apparel and
furniture, as the fame now are : The said sloop
having heen condemned to pay Mariners Wages,
toV. WILLIAM NICHOLS,
Marjhal.
Marlhal's Office, at PhilaO
delphia, 14th January, 1799. J
N. B. The inventory may be seen at my office.
Jan. i 4. _
WANTED.
' Genteel Board fc? Lodging,
FOR two fingla Gentlemen, in a refpe&able pri
vate family, where they can be accommodated
with a fitting room, the situation mull be in South
Second orThird-ftreets, between Walnut and Pins
llteets.—Enquire No. 17, South Sccond-llrcet.
jan 1 4 . ■ 1 !t
ALL PERSONS
Who have ant demands againlt the Eilate of Al«x
andir Ross, House Carp i.ier, late t,f tins Citv,
deceased, will please to exh bit iheir acrounts, pio
perly aticfted ; and ihofe who are indebted to l-id
Estate willpleafe p»v th.-laior to
ALEXANDER LEE, -dininiftraior.
No. 26, Chiiftiaw street.
Jan. 3 t
ALL Persons having any De
mands againd the estate of the late Robert Hardic,
mariner, deceased, are hereby reqaefted to present
' them for settlement, and all those indebted to said
estate, to make payment to either ol the fubferibers
PETER BAYNTON,
mivut-frut. ( Exttu t,r,.
JOHN CRAIG, f
No. 11, Doci-Jlrilt. J
jan. M'
NOTICE.
creditors of George Johnfton, late.ef
1 Queen Ann's county, in the (late of Mary
land, dece3led, are hereby requested to appear
at Church Hill, in the county and state afore
faid, on Thurlday the xtft day of January next,
with their claims against the said deceased,
properly authenticated, at which time a propor
tionable division of the affirts in the hands of the
fubferiher will be made among the creditors ac.
cording to law ; and those who do not appear
on the said day, will be forever precludedTiore
their claims on the said ellate.
REBECCA JOHNSTON, Executrijc.
Church-Hill, Dec. 22.
Wheat, Ginfang, &c.
4000 bushels of white Wheat, of excellent
Equality
15 Calks of Ginfang
30 Piyes of Madeira Wine, thr(»-years old
100 Barrels of Prime Beef
Pork in half b' Is. and barrels
For Sale by
JOHN SKYRIN,
No. 96, North Front-street.
dec a 6
NOTICE.
ALL persons indebted to the eftatt of John
Shot well, late of this city, deceased, are
reqaellad to pay their relpe&ive balances to the
fubferiber ; and those having demands on laid
estate, will please to produce thsir accounts as soon
is possible for fcttlcmert-, to
EDWARD GARRIGUES, Adm'r
ill mo: lOth, 1799. law i w
Bank of the United States.
November 14, 1798.
NOTICE IS HEREBY GIVEN,
THAT application will be made at the Trta
fury of the United States for the renewal
of a Certificate of Six per Cent Funded Debt,
No. t;, 548, for 18,78 a dollars, 33 cents, dated
Register's Office, January Bth, 1798, iffijed in
the names of William IVUIi/ii, Jan Willittk,
Nicholas isf "Jacob Van Stapborjl & Hubbard,
Trustees for sundry mowey-lenders in Amster
dam ; which wasforwarded th« nthof Janua
ry, J 79?, under cover to Nicholas Obbes, esq.
and loft bv the capture of the ffiip Columbus,
captain Skinner,from New-York forAmflerdam
G. Simpfon, ca/h'r.
n ? v *4 liw6w
-pHE Book tor Subscriptions to the Company
A for creating a permanent Bridge or.r the ri
ver Scbuilluil, at, or near the City of Philadel
phia, continues open at the house ol the Treafarer
of fatd Company, No. 13, Church Alley.
January 8, 1799. «od6w
" NOTICE.
ALL persons indebted to James Emlen, late
of Middletown, in the county of Delaware,
deceased, are requested to make payment to either
of the fubferibers, wkom they fliall find it molt
convenient to call on : and all persons having de
mands, will be pleased in like manner, to furnifh
them, that thty may be paici.
All rents, which fell due on or befora the fourth
day of the 10th month last are payable to the fub
feribers and tihofe which accrued after that day wil
be payable to the guardians of his childrsn, who
will duly notify the tennants where to pay the
fame.
MIF.RS FISHER, of Philadelphia, } Exee-
ABM. PENNELL, of Middletown, ( utorj.
d9c 28 . iaw6w
Abner Briggs,
Of the City of Philadelphia,
STOREKEEPER,
HAVING affigncd over all his effeits, real, per
iOHal and mixed, to the fubferibers, for the
benefit of all His creditors—
NOTICE IS HE RE Br GIVEN,
TO all persons who ara indebted to the said
ERate,thjt they are requested to make immediate
payment of their refpe&ive accounts, to either of i
the assignees; in failure whereof, legal measures 1
will be taken for the recovery of such debts, as are ! '
not discharged without further delay.
GEORGE PENNOCK,
WILLIAM FRENCH.
Jammry 2 wed.&fr 6w
This Day is Publilhed, i
ANOFORSALtBYJ.FENNO, (19,CHESNUT-SI riet 1
AN ADDRESS
To the People of Maryland,
ON the origin, progress and present state of
Fre;. h aggression, with a fkctch of the infamous
attempts t« degrade the Government of the United
States, and some reflecliocs on the late proceedings 1
m Congress ; written the last of April in the pre.
sent year, by a Member of the House of Renrnen-
UtlV ' B - S junen
Printing Work,
Of Every Kind,
EXECUTED AT THE SHORTEST
NOTICE,
At the Office of the Gazette of'the
VmTSDSUATI-S, )
Oft. 13 . m
Xije oasette,
PHILADELPHIA,
t TUESDAY EVENING, JANUARY IJ.
CO MM UNICA TIONS.
To the Author «/"Tit for Tat.
IN the lafteflay addressed to you two ax
ioms were introduced, for a repetition of
which I crave your indulgence, in eonfe
quence of their immediate relation to and
coneftion with the following observations.
A principal rule among others, for the go
vernment of a bank, may be thus Hated :
Although 99 per centum may not, in the
event, be found fufficient to secure the pav
. ment of a tingle note, yet long experience
in banking' has shewn that for~fccurity only,
exclusive of interest, a discount or premium
of one per cei\tum will, at an average, lecure
the payment of one thoufancl notes.
la framing a regulating table to govern
the bulinefs ofinfurance from marine loss or
lulSVs, it may be slated, that although a pre
mium of 99 per centum may not L; found
fufficient to secure a liiigle clique* yet tiie
experience, of a century has proved that the
averaged j»e»ium of 2$ per ceut on one
thousand averaged rifques, in times of peace,
would warrant the iflftlranEg of the whole of
, one thousand policies thus insured.
When the lufurance Company of North
America began biilinefs, there l was but one
rival office, which, from the respect jullly
due to the worthy gentlemen who conduced
the bulinefs, prevented for some time a due
proportion of the bulinefs from falling to the
new company ; but in time an extension of
commerce nejrlv equalized the policies, by
affording a fufficient number to each office to
favour the reasonable rate of the premiums
demanded by each,
Jn 1796 the clearances at the port of
Philadelphia only,were 1622 in number;
in 1797, they fell to 1293; and
in 1798, to lei's than 1000;
at which time there were four Insurance Of
fices by the addition of the Insurance Compa
ny of Penntylvania, and of the Office of
MeflVs* Shoemaker & Berret. As it will re
quire no exertion to prove that whenever the
rifques to each office fall below one thousand,
a new calculation muflbe made-for the secu
rity of the Companies concerned, and as the
rule of fafetv can only be found by a long
table calculated in compound arithmetical
progression, from the. 2 1-2 per centuni for
one thousand to 99 per centum for a single
risque ; as such a table may not suit the con
venience of our Editor, each interested per
ftJh may form the intermediate calculations
for himfelf, and thus prevent any possible
misconceptions of the various questions which
will be present to bis mind on due refleftion;
for those who do not refleft, no calc
can be neceflary ; they, if dear bought ex
perience does not prevent, will press forward
to',embrace the visionary phantom of the mo
ment with as much eagernefsjas they did in
the in fiance of the establishment of the un
necefl'ary Ihfurance Company of Pcnnfylva
riia, which, although it bore an advance at
its firfl eftaolilhment, fell again to par within
about two years after its commencement, and
if a sudden rife has followed this period, it
is altogether owing to the noble and spirited
exertions of our government in fyrnifliing
a naval armament more than equal to our
expectations for protection, and also to Bri
tish promises of payment for adjudication ;
since which all premiums have fallen to a
due iroportion for the rifks'whiyi com
pared with the small number of policies now
attainable at either office, through the unfor-,
tunate divilion into four paqrs, of what might
be much lafcr for all parties, and much bet
ter done, if confined to two offices alone
Left fuperficial observers should objedt to the
necessity of an increase of premium, in due
proportion to the reduction in the number of
risques ; let it be observed, that the direc
tors of Insurance companies being- the trus
tees, both for the insurers and insured, al
though, generally speaking, their interest
from their mercantile connexions may form
a strong bias to favor the lowest rate of pre
miums , yet their duty and their honor will
ever oblige them to protest the company con
cerns from any charge of hazardous specula
tions on the capital stock ; or otherwise, in
flead of Insurance Companies, they, like pri
vate underwriters, for large l'ums on but a
few policies, will become mere gamblers, sub
ject to all those misfortunes which have fre
quently followed these bold adventurers in
times of war—While the two large compa
nies of London, from the immenlity of ex
tent in their bulinefs, have (food firm as
rocks, unshaken by the fiorms of ages.
Should these fubjefts, merely because they
are generally reputed to be abstruse and diffi
cult of comprehenlion, be treated with inat
tention 011 the part of our Legislature, and a
ircw company be allowed to carry their char
ter into a law, such are the inevitable con
sequences.
Our multiplied offices,* during a decrease
of commerce, will be obliged to demand aj
advance of premiums, in due proportion to
the decreased and still declining number of
the policies tor each separate office. Then,
not only our little bulinefs by exchanging po
licies on the larger ships with the other
commercial cities of America,which exchange
has been prudently! observed, chiefly in order
to prevent too large a loss on any one city,
by any single ship, not only this business will
us in this cafr, but our domestic will
'^f 0 fly t0 tbofe cities where a fufficient num
ber oi policies to one company may autho
rise the lowest rate of premiums, to recover
which, should our multitude of offices pro
ceed on calculations fu'ited only to a larger
number of policies than either can. obtain ;
then, hke private adventurers, our companies
will be justly charged with playing at hap
hazard, and we ou£ht thence-forward to call
them, not the insurance companies but the
gambling offices of Pennsylvania tegalh au
thorized by the State. PERSEVERC.
MK. FENKOj
IN Reading tut publications [o( Dr. Cnr
rie in favor of the importation of our late-
Fever, I obierve he rcfL*tss frequently upon
the members of th« Academy us Medicine
for being " young" men." Those anlwers
remind me of a fad. related by Mr. Hume,
of the great Doctor Harvey : that no cotem
porary phvfician above forty years of age,
adopted his discovery of the circulation of
the bio od. This anecdote should lead us to
treat the opinions of young Phylicians with
tenderness ; and now and then to suspeCt that
modern Phylicians above forty, may be pre
judiced and mistaken. • A. B.
Duan? was at Pole's au£tion on Saturday
evening last. On the same evening, at the
same place, a gentleman lost his pock t-book,
containing about 40 dollars. At the same
place, 70 copies of" Paine's Age of lleaion"
were, with difficulty, fold at one cent each.
1 hey are said to have been the property of a
certain Irish doctor, w'ho, it is probable, pur
chased them, in happier times, for the'par*
pose of gratis, the villainous
principles which they contain. But his
finances being at present fomev.'fajt reduced,
it appears he has chosen this as the mod eli
gible mode of getting rid of them, at leaf!
with some advantage to himfelf, and at the
fame time obtaining the end he firft had in
view—that of distributing them. This sa.'e
of Tom's books, iv confi Lied by judges to
be the bell argument hitherto advanced against
them.
From the Philadelphia Gazette.
Communication.
It has been officially recommended to the
Legislature of tjiis State as part of an ef.
ficicnt system of quarantine, that the c»rgoes
liable to putrefeftion, and the ballad of all
fefleU under quarantine, (hould be dischar
ged, and such velfels and cargoei ventilated
and purified, before they are permitted to
come to this city. This is, no doubt a ve
ry salutary precaution ; for without it, the
longer Ihe reikis were detained under qua
rantine, the more foul a'r would be difchar
ged with their cargoes, when they arrived in
port. Yet certainly, if the vefcls could be
made to perform an efTentiol part of their
quarantine during their voyages, by-the ge
neral use of ventilatory forcing a current of
pure air into their holds, which from a varie
ty of experiment*, it appears may be accom
pliflied, it would preserve such cargoei from
decay, and of course prevent the generation
of noxious air, which, it has been frequently
found, by fatal experience, very difficult en
tirely to dispel. It might also prevent the
crews of those vefleli from taking peftf
lential fevers, either from the confinement
of human tflluvia, »r from the foul air
in the holds of the veflels, whilst their
cargoes are discharging—And to give
weight to this argument, it will be fuf
ficieut to add, that great part of our
trade, will probably be carred on, for this
year at lead, in armed veffcls, with an addi
tional number of framed to navigate and de
fend them, who will frequently be crooded
together into small apartments, exposed to
the effluvia of perilhable cargoes in the holds,
aud as perhaps several hundreds of these sea
men may belong to the veffi-ls under quaran
tine at one time, every possible precaution
should be used, to prevent the ititroduftion
of pelt ilential fevers amongst them which
may also be the means of preventing a repe
tition of the late awful calamity, with which
this City was visited,
WILLIAM COBBE7T,
HAS PiESHttB FROM IOPDON,
(By V'f Amiable of l^biludelphia, and tbt Fadtor of
Nnu.r.ri.J
And has jnft opened for sale,
A CATALOGUE OF
ENGLISH BOOKS,
CON I AINING the m°A cxtetifive alTortment
of new, valuable, and elegant work# ever
imported into this country at ona time •, there be-
Hig upwards, of two hundred publications never
belore received in America, and even those which
have not nnveltyof title to recommend them, be
ing all of the very latell clitioi s, and rendered
navel by the finenefs of the p 'per, the beauty of
the tjj>e, the richntfs of the engravings, and by
the general style of superior elegance in which
they appear.
N. B. A* bo man in America has a more re
gular supply of hooks from London than myfelf,
I think projxt to notify, that any orders m thin
way, which may be left with me, (hall be careful
ly attended to, unltfi coming from a Democrat. When
the books come, the person who orders them will
be told the price, and it fliall be left at own op
tion either ti take them or leave thesn.
.Any one who wants an order completed by
the Spring Vessels, mult lend it me 011 or before
thelßthof this month,
jan. XI. eodjt
No. 128,
I"he south-cast corner of Market and Fouth
Jlreets, '
JACOB COX,
HAS jufl received by the late arrivals from
Europe, a large, general and elegant as
sortment of the most
Faihionable Merchandize,
(in the gentlemen's line)—' The whole of which
will be disposed of, wholesale and retail, at re
duced prices for cash.
dec- 19 zawtf
ALL PERSONS,
TNDEBI ED to the Eltaie <>f Abraham
X D ICk s, Escalate Sheriff of the County of
Delaware, are reqnefled to make immediate pay
ment, and all those who have demands againd
laid Effate to anthentiratc and present them for
fettlesnent. Also, all those who have d«>pofited
writings with said decesfcd to apply for them to
o • r W <LLIAM PENNOCK. Adm'r.
Springfield, Delaware county, )
'ft mo. Bth, 1799. v,
* _ lawtf
Far Sale,
TEN or twelve Tons, Clover fcf Timothy
hat;
Of the firft quality.—Apply at No. 45 ,
Almor.d-ftreet.
J an - 8 - lawtf
; . ft HE RE AS-,
B\ an A<a of Congress pjfTedon the fixte?nth
day of July in the year of our Lord one thou
i fftid seven hundred and ninety eight, thePrefi
| dent f the United States is authoril'ed to borrow
|on behalf of the United States from the
• Bank ot the United States, or from any other
■ body or bodies politic or corporate, or from
: my person or persons, and upon such terms
( and conditions as he Iftall judge molt adv«»n
---j tageous for the United State., a turn not
1 exceeding five millions of dollars, so however,
that no contrail or engagement be made which
(had preclude the United Mates from rciraburf
| ing any f» n or sums borrowed at any time after
the expiration of fifteen years from the date of
such loan. /Ind whereas, it is declared by the
said A.il, that so much as may be necefl'ary of
the surplus of the duties on Imports and Ton
nage beyond the permanent appropriations here
toforecharged upon them by law, shall be pledg
ed and appropriated for paying the interest, and
also for paying and discharging the principal
ftim or sums of all the monies which may be
borrowed, according to the term or terms which
may be fixed, pursuant to the authority afore
faid—And whereas by the said Ail, the faith of
the United States is pledged to establish fufficient
permanent Revenues for making up any deficien
cy that may hereafter appear in the provisions
before-mentioned for paving the interest and
principal sums, or either of them, of any mo
nies which may be borrowed pursuant to the said
Ail- And whereas the Prefideiit of the Unit
ed States did by an Ail orCommiffion under his
hand dated the ninth day of January in th« year
one thouland (even hundred and ninety nine, au
thorise and the Secretary of the Trea
sury, to borrow on behalf of the United States,
any sum not exceeding in the whole, five mil
lions of dollars and to make such contrail or
contrails as fhotrl.! he neceflary, and for the in
terest of the United States, in pursuance of the
Ail of Congrtfs above recited.
A'oxo thereftfr, the tinderfigned, Secretary
of the Trealury, in pursuance of the Ail of
Congrelj, and the authority from the Prefid»nt
of the United States, al>ove mentioned, doth
hereby on behalt of the United States of Ame
rica, contiail a\:d engage in manner following,
to wit.
ift. A book for receiving fubferiptioni to a
Loan o!" five millions of dollars far the use of
the United States (hall be opened in the city of
Philadelphia, »t the Bank of the United States
on Thursday the twenty eighth day of February
ensuing, which book (hall continue open for the
purpose of receiving fubferiptions, until the
whole of the (aid fire millions of dollars (hall
be fobferibed. It more than five million* of
dollars (hall be fubferibed on the firft day of
opening the said loan, the surplus (hall be de
duced in proportion to the sums fubferibed by
individuals, exceeding four thousand dollars.
id. For every hundred dollars which may be
fubferibed there shall be forthwith deposited and
paid the sum of twelve dollars and fifty cents,
and like payments of tvebe dollars and fifty
cents, (hall be made within the firft ten days of
ihe momhsof April, May, June, July, Asguft
September and Oilober ensuing. The Secre
tary of the Treasury however reserves the
of reducing the number of installments by spe
cial agreements, with the individuals who may
become fubferibers.
3d. On thefiiiure of payijentof anyinftall
ment of the sums fubferibed according to the
tenor of the second article, the sext preceeding
installment of twelve dollars and fifty cents,
which (hall have been paid, for every hundred
dollars fubferibed (hall be forfeited to the Unit-
States.
4th, The sums fubferihed (hall and may be
paid to the credit of the United States, at'the
Bank of the United States, or at the offices of
discount and deposit of the (aid Hank at Boston,
New-York, Baltimore, or Charleston, or at ei
ther of the Banks of Salem, in Maflacfcßletts,
Newport and Providence in Rhode-Jfland,Hart
ford in Conneilicut, Albany in New-Yerki or
Alexandria in Virginia, for which payments,the
receipts of the Cashiers of the Offices of Dis
count aud Depolit and of the Banks aforefaid
(hall be received at the Bank of the United States
as equivalent to money ; but no payment of a
subsequent installment (hall be received at any
other place than that where the firft ir.ftallment
was paid, except at the Bank of the United
States ; in cafe any depniits (hall he made at the
offices of Discount or Deposit, or at either of
the Binks aforefaid, which shall not be applied to
the payment of the firft Installment of fubferip
tions to the Loan aforefaid, the (aid depofm
(hall he forthwith refunded by direilions from
the Treasury.
sth. For the sum* or number of (hares of one
hundred dollars, which may be fubferibed, cer
tificates shall be given by the C.fhierof the Bank
of the United States, which (hall be assignable
by indorsement, and delivery of the parties in
whole favour the said certificates may be iflued,
until the completion of the pavmenu required
by the tenor of the second article preceeding.
6th. The iums fabicriberi and paid in pursu
ance of the tenor of the second article preceed
ing, lhall after the fiid payments have been
completed, ennftitute a funded capital stock
divilihle into (hares of one hundred dollars each,
which capital flock shall bear interest at the rate
of eight per centum per annum from the times
fixed tor the payment of the refpeilive install
ments payable quarter yearly at the Treifury of
the United States, or at the Loan Offices where
the fame may fland credited, until the last day
of December, in the year one thotfand eight
hundred and eight.
7th. After the lftft day of December in the said
year one thousand eight hundred and eight, and
after reasonable notice to the creditors, which fhtJi
be given by an advertisement in feme public nevvf
papor, printed at the feat ol the government of the
United State-, th% fakl capital stock (hall be re
deemable at the plcafure of the United States by
the reimburfemcat of the whole sum or sum*.
h«t rowed, and which may ennftiiute the said capi
tal stock either a 1 the treasury of the Uaited States
or at the loan offices where the fame may stand
credited.
Bth. The credits for the said capital stock ftiaij
and may I e ieparauly certified in sums cither lor
owe hundred, four hundred, one thousand, four
tkoufand or ten thouland dollars, and the credit*
so certified (hall be transferable by the creditors, cs
their attoraies, at the Treasury and Loan Office*
refpechvely, in pursuance of the rules which have
been, or which may be eilablithed relative to the
transler of the funded stock of the Un'ted States,
9th. A fufficient (um of the surplus of the duties
on Import* and Tonnage beyond the permanent
appropriations heretofore charged upon them by
law, together with the faith of the United Sutea
are hereby pledged for the fulfilment of this con
trait, in pursuance of, and according to the terms
and conditions ot the ail of Congrcis herein be
fore recited.
Given under my hand and the Teal of the
g Trsafury of the Jnited States at Phi-
*' ladelphia, this twelfth day of January
©ne thousand seven hundred and nine
ty nine.
OLIVER WOLCOTT,
Secretary of tic Treasury*
jax. 1c