PROPOSALS,
BY THI
Insurance Company of North America.
For InsukaNci agaiall Pißt, on Dwelling-
Houses, Ware-Houses, and other Buildings (and
011 Goods contained in such Buildings) distant frotti
Philadelphia, in the United States.
I. Common Insurance?, on hazards of the firft
class, Will be undertaken at a premium of ahout
halt per cent, per annum. For extra hazardous
rifles a larger preminm will be required, which
will vaiy according to fcidom ex
ceeding one per cent, per annum ; but in some in
stances, where the property insured is not only in
itfelf extra hazardous, hut rendered still more so
by the vicinity of extra hazardous buildings and
occupations, the premium demanded will be raised
according to circumstances.
Houses and Ware-Houses, the walls and perti
tions of which are wholly of stone or brick, well
cunftruifleJ, so as to be guarded as well as may be
agninll fires from within, and tree trom extra ha
zardous buildings and occcupations in their neigh
borhood, will be deemed hazardous of the lirtt
alafs, and may be insured to their full value.
Also Goods and Merchandize, not o' an extra
hazardous kind, in calks, bales, or packages, de
posited in fach build'ngs, to an amount not ex
ceeding 4000 dollars ; but if more than thisfum
is required to be insured in one tenement, an addij
tional premium will be required, in proportion to
circumstances.
11. lnfurances will also be made on buildings and
goods extra hazardous, at premiums proportioned
to the risque. But it is not easy to arrange these
under particular heads or classes, so as to describe
each with the necelfary accuracy. Each cafe must
therefore he decided upon accordingto the circum
stances attending it ; and these circumftarices will,
in general, appear from the description accompa
uying the application.
Buildings partly conftruited of brick or stone,
are preferable to those wholly WQodei'■ And in
both cases, the stile of building, tow they are oc
cupied, how they are situated, the neighboring
bnildings, and how occupied, are considerations to
be taken into view. And with refpedl te goods,
their tendency, whether from their nature, or
from the manner in which they are exposed, either
to commence or to increase an accidental fire, and
their liability in such state to receive damage by
wet, or by sudden andhafty removal, or to be sto
len in time of confufion and hurry, are all cir
cumstances of weight; and the premiums mull be
proportioned accordingly.
111. The following conditiont are to be under*
flood by the parties.
ill. The Insurance is not binding till the ftipu
latcd premium be raid ; but it lhall be deemed ef*
feilual from the time of such payment and accep
tance thereof, whether the policy be immediately
fjjnedornot.
«d. lnfurances may be renewed at the expira
tion of the term of the policy, without furtherex*
petife* than the payment of the premium of the re
newed term, the circumftancescontinuing the fame
is they werennderftood by the Insurers at the time
the former insurance was made ; but the paymeeit
of the premium is eflential te such renewal; and
if the party insured fullers any time to elapse after
the expiration of the former insurance, before he
pays a premium for the renewal, he is not insured
during such time; nor can the insurance be renew
ed on the former policy but by computing the
commencement of the renewal from the expiration
of the former insurance. The fubjeil of infur*
anee may ne /erthelefs be open to treaty for a new
insurance.
%&. If ar*y other insurance be made on the fame
pre erty ; it must be made known at the time of
application, otherwise the policy made on such ap
plication will be void.
4th Goods held in trust, or on consignment,
may be insured as such iy a separate, policy ; but
they are not tube ennfidered as infuied other wife.
sth. This company will not be liable or accoun
table for any loss or damage occasioned by any for
eign invasion, or by amy military or usurped force
or by Teafon of any civil commotion ; or occasion, ;
ed by gunpowder, aquafortis or other thing of th
likekind kept in the building, or amongll the pro
perty insured.
6th. Bills of Exchange, Bonds and other Secu
rities, Title Deeds, Money, Bank and other pro
milfory Notes, are not included in any insurance j
nor are paitttings, medals, jtkveis, gems, antique
curiolities, or mirrors exceeding the valae of twen
ty-five dollarseach, to be eonfidcrcd as infuredune
less particularly mentioned and by fpecialagree
mcnt.
7th. No insurance will be made for a ftiorter
term than one year, nor lor a longer term than se
ven years. Persons choo'fiog to insure for seven
years (hall b eallowed one year's premium by way
of dileount: One third of a ycarspremium (hall ,
be abated fa like manner on an insurance so, ■
three years.
Bth. LolTcs sustained by fire on prof trty insured,
lhall be paid in thirty days after due prouf and li
quidation theteof, without dedu&ion.
A defci iption of the property to be infurod will
be expe&ed with each application, to be made by
a mailer carpenter and signed by him, as well as
by the owner of the building 01 applicant for in- i
furatice, and attested before a Notary or principal
Magiftratc, who will certify his knowledge of the
parties and their credibility.
With refpeit to Houses and other Buildings.
ill. The site and position; describing the
flreec or road on or near which the building I
Hands ; its contiguity to water, and other cir> 1
rumllanccs relative to the extinguilhment of fire 1
m cafe ol accident; and particularly whether
any and what fire companies are eflablilhtd, and i
engines provided, in the place or neighbourhood.
id. The materials of which it is built, whe- I
ilier of brick, stone or wood, and what part of I
each, as well as to the outside walls as infidc or <
partition walls, and their refpeitive height and 1
thickneis ; the style of the roof and of what
materials; liowfecured by battlements or par- '
ty walls; what kind of access to the top of the '
house and to the chimnies ; whether any and
what eleilrie rods j the number and kind of
fire places ; and the kind of depolit for alhes.
3d. The dimensions of the building and how
divided, and the style in which it is finilhed so
as to enable indifferent persons to judge in what
manner it is t« be repaired or rebuilt in cafe of
injury ; the age and condition of the building,
and how occupied, whether merely aa a dwel
ling house, or for «ny other, and for what pur
pefe ; also an estimate ,of the value of the houi'c
or building independent of the ground.
4th. The fituat»n withrefpcil to other build
ings or back buildings, whether adjoining or
not, comprehending at least one hundred feet
each way : what kind of buildings are within
that distance, how built, 0/ what materials, and
how occupied or improved, whether as dwel
lings for private families or otherwise : whe
ther any and what trade or manufactory is car
ried on, and particularly whether there be any
extrahazardous articles uSrd, or usually depe
fiteci in the house, or within the distance afore*
said, and of what kind.
Refpeiling gaadi in Houses, Warehoufei, *c.
I. A general description of the building in
which they are kept will be exjieiled, similar in
all refpeits, as to the danger from fire, with
9hat required for Infuiance on the buildings
themselves.
». A description of the kirn's and nature of
t'ic goods, whether in calks or other package?,
or opened ; and whether displayed iu whole
pie-«s or in the usual form for retailing. And
if the goods vary materially i« kind, sfceneral
eftimale of the value of each kind propoled t>
be insured ; but in the last particular tninutenefs
of defcriptmn is not expelled.
3. Article* of t'he following kinds are deem
ed extra-hazardous, though in various degrees*
in whatever building they may be placed, vil.
pitch, tar, turpentine, rosin, wax, tallow, oil,
inflammable spirits, sulphur, hemp, flax, cot
ton, dry goods of an inflammable kind, open
ed.—Glaft, china ware or procelain, efpei-ially
imparked ; Looking glasses, jewelery ; and all
other articles more than commonly inflamma
ble, or more than commonly liable to injury by
sudden removal or by meiftures, or particularly
obnoxious to theft on an alarm of fire.
Letters pod paid, direiledto the Secretary of
the Board of Diredtors, will be duly attended
to. An order for Insurance accompanied by the
means of paying the premium, will be imme
diately executed on the premium being paid,
tf the application contain an enquiry only, it
will be answered.
By order of the Board,
Ebenezer Hazard, sec'ry.
Office of the Insurance Company of North )
America; Philad.Feh. 1, '798. }
feb 1
""proposals,
FOR CARRYING
Mails of the United States,
On the following roads, will be received at the
General Pofl-OJjice, until the iyh day
of February next, inclu/ive.
ift.'PROS/l Philadelphia by Bristol, Trenton,
i Princeton, New-Brunfwick, Wood
bridge, Raway, Rlizabethtown and Newark to
New-York fix tiraes a week.
From May I to November I.
Leave Philadelphia every day (Sunday ex
cepted ) at 1 P. M. and arrive at New-York In
nineteen hours, the next day (Sunday excepted)
by 8 o'clock, A. M.— Returning ; leave New-
York everyday (Sunday excepted) at 1 P.M.
and arrive at Philadelphia in eighteen hours the
next day (Sunday excepted) by 7 A. M.
From November 1 to May I,
The mail is to be taken frmm Philadelphia at
the fame hour and delivered at New-York by
9 A. M. in 10 hours ; and is to be taken from
New-York at 1 p. M. and delivered at Philadcl
pbia at 8 A. M. in nineteen hours.
Pram Philadelphia by Chester, Wilming
ton, Newport, Chrifliana, Elkton, Charleston,
Havre-de-Grace and Harford to Baltimore, fix
times a week. Leave Philadelphia every day
(sunday excepted) at 9A. M. and arrive at Ba I
timore in i} hours, the next day (sunday ex
cepted )at noon Returning ; leave Balti
more every day (sunday excepted) at 4A. M.
and arrive at Philadelphia the next day by 9
A. M. is 17 hourt.
3d. From Baltimore by Bladenfburgh,
Washington and Georgetown, to Alexandria
fix times a week.
From April 1 t» Noverhbef- 1.
Leave Baltimore every day (sunday except
ed) at 4 A. M. and arrive at Alexandria the
fame days by 6 P M. Returning—Leave lit*
exandria every day (sunday excepted) at 4
A. M and arrive at Baltimore the fame day "by
4 o'clock P. M.
FrcWt November 1 to April 1.
Leave Baltimore everyday (fnnday except
ed) at 4 A.M. and arrive at Alexandria the
next day (sunday excepted) at BA. M. Re
turning—Leave Alexandria every day (sunday
excepted) at < P. M. and arrive at Baltimore
the next day (fimday excepted) at P. M.
4th. From Philadelphia by Downingtown,
Lancifter, Columbia, York, Carlille, Sbip
(jenlb')rg, Strafburgh, Bedford, Somerset and
Greenlburjjh to I'ittfburgh once a week. Leave
Philadelphia every Saturday at 4 A. M. arrive
at Line a Iter in the evening, arrive at York on
Suntfly noon, at Shippenlburg on Monday, at
6P. M. Leave Shippenlburg on Tuesday at
4 A.M. and arrive at Piitlburg the next Fri
day at 10 A. M. Returning—Leave Pitts
burgh every Friday at 3 P. M. and arrive at
Shippenlburg the next Monday by 6 P. M.
Leave Shippenlburg on Tuefdayat 4 A.M. and
arrive at Philadelphia the Bext Thursday by 8
Note 1. The contrails for the above routes
are to be in operation on the firft day of April
next. The contrails for the routes No. 1, »,
3, are to continue in operation until the firft
day of Oiloberin the year iSoo; and the con
trail for the route No. 4 is to continue until the
firft day of Oilober in the year 1801.
Note 2. Fifteen minutes Iball be allowed for
opening and closing the mail at all offices on the
routes where no particular time is fpecificd.
Note 3. For every fifteen minutes delay (the
impaflibijity of rivers excepted) in arriving af
ter the times prescribed, in any contrail, the
contrailor lhall forfeit one dollar; and if the
delay continue till the departure of any depend
ing mail, whereby the mailt destined for such
depending mail lose a trip, an additional for
feiture of five dollars (hall be'incurred.
Note 4. If any persons making proposals de
sires an alteration of the times fpecif ed he must
slate in his proposals the alteration drfired and
the difference it will make in the teims of his
contrail.
Note 5. The usual penalties for mifeondudt
in the carriers will be llipulatad in the contrail.
Note 6. The mail on the route No. 1, lhall
be carried in a Sulkey during three months of
the winter season, having a box or eheft to se
cure the mail from rain- The mails on that
route during the reft of the year and the routes
No. » and*3 b c always carried in a light
box Efficient to defend it from the rain, or a box
within the body of the stage.
JOS. HABERSHAM, P.M. General.
General Poft-Oflice, J
Philad. Jan. i, 1799. j eo6w
DISTRICT OP PE NhSTL VANIA, TO WIT
BE IT REMEMBERED,
THAT on the tenth day
L. S.H of December, in the twenty third
year of the Independence of the U
nited States «f America, JOHN
LAMBERT of the said Diftriil, hath deposited in
this office the title of a book, the right whereof he
claims as author in the words following, to wit:
" A flisrt and practical Eflay on Farming ; be
" ii.g the experience of a farmer ef about sixty
" years of age, near forty y«ars of which were
" spent in England, Eflex county, on land where
" farming is done in the greatell perfection,
" and near seven years on three hundted and
" twenty acres ot worn-out land in Pottfgrove and
" Alloway creek, in Salem, county, Weft-Je-rfey
" Skewing the means whereby theft worn-out
" lands may be improved, and that the means are
" iu the power of almost every farmer."
In conformity to the aft of the Congress of
the United States, intituled " An ail for
the enconragementof learning, byfecuring
the copiei of maps, charts and books to the
authors and proprietors of such copies du
ring the terms thorein mentioned."
D. CALDWELL.
Cierk of the Diflrift of Pennsylvania.
d«c. 13 iaw4w
A Farm for Sale.
WII.I. be fold, in pursuance of an ordtfr of
Orphans Court of Delaware courity, on
Monday the 25th February next, it the house
of W. Anderlon, in the Borough of Chelter,
at one "Ylnrk, P. M.
THE PLANTATION,
Late the property of Riper Hufkins, deceased,
iituate in the said Borough, containing about
aio acres, of which between 43 and .50 acres are
axcellent upland and marlh meadow; about 40
acrci of woodland ; the remainder if arable
land, of a goad quality—The whole has been
nfed for many years as a grazing farm and is un
der an almost new cedar fence ; there are on the
farm a good two story stone dwelling house and
kitchen in good repair; the dwelling house has
four rooms On a floor, wi|h a convenient entry ;
there is a good kitchen garden, twsgood apple
orchards, one containing about fix acres young
and healthy; a good tenant's house, bam,
Babies and cjuir house. The bjnks are in
go»d repair, and walled 111 front with llone
Alfa at the lame time and place will be fold
15 acres of mirfh meadow, in the neighbour
hood ol th- farm, under good bank, and in
high cultivation. Any person defirows of view
ing the premises, will be {hewn them by ap
plying in Chefler to
ELEANOR HOSKINS, Admin'x.
January 18, 1799.
Who desires all those indebted to the late R.
Hnfkint, to make immediate payment, and
those who have demands against his estate, to
present them to her for lettlement.
_____ tdf
PROCLAMATION^
WHEREAS the honorable Johb D Coxc,efq,
Prefidcntof the Court ot Common Pleas, and
of the Courts of Oyer and Terminer and General
Goal Delfvery, in the fir ft Circuit, confiding of tne
city and courity of Philadelphia, and the counties of
Bucks, Montgomery and Delaware, Wm. Robii.fon,
the younger, Jonathan Bayard Smith, and Reynold
Keen, esquires, Judges of the Court of Common
Pleas, and juliices of the Courts of Oyer and
Terminer and General Goal Delivery, in the
said courity of Phijadelphia, have iffoed their Pre.
eept bearing dale the ißch day of January, 1799, and
to me directed, for holding a Court of Oyer and
Terminer and General Goal Delivery, at the Sute
houfe in the said City of Philadelphia, on the s Bth
day of February next
Notice is hereby given to the Mayor, Recorder and
Aldermen of the City of Philadelphia, and to all the
JuftLes of the Peace, the Coroner, and Conftablcs
within the fame City and Counties of Philadelphia,
that they be then and there, in their own proper per
sons, with their Rolls, Records, Inquisitions, Exam
inations and othor Remembrances, to do those things
which to their offices in that behalf appertain to be
done. And also all those who will prosecute against
the Prisoners that are or fhill be in the Goal of the
City and County ot Philade'phia, are to be then aod
thereto prosecute against them as (hall be just.
JONATHAN PENROSE, sheriff.
God save the Common-Wealth.
> n - M- saw
u
DISTRICT OF PENNSYLVANIA,TO WIT ;
BE IT REMEMBERED,
/. T THAT on the twelfth day
V )of August.in the twenty-third year of
the Independence of the United States of
America, Benjamin Smith Barton, of the said dif
tcidl, hath deposited rn this office the title of a
book the right Whereof he claims as author in the
words following to wit :
" New Views of the Origin of the Tribes and
" Nations of America—By Vertjimin Smith Bar
" ton, \l. D. Corrufpondect Member of the Socie
" ty of the Antiquaries of Scotland, Member sf
" the American Philosophical Society, Fellow of
" the American Academy of Arts and ScUnees of
" Boston, Corresponding Member of the Maffa
" chufetts Hsftorical Societv, and Profeflor of
" Materia Mvdica, Natural Hiflory and Botany
" in the Univer/lty of Pennsylvania."
In conformity to the aft of the Congress of the
United States, intitled " An ail for the encourage
ment of learning by securing the copies of maps,
charts,and books, to the authors and proprietor,
of fueh copies during the times therein mentioned.N
SAMUEL CALDWELL, Clerk, Dift. of Perm'
November 1, 1798.
AN ACT,
Limiting the time within which claim* against
the United States, for credits on the books of
the Treafury,may beprefented for allowance
BE it cnafted by the Senate end House of He
prefentat'n/es of the United State/ of Ameri
ca, in Congress ajfembled, That all credits on
the books of the l'reafury of the United Staaes,
for tranfaAions during the late war, which,
according to the courle of the Treasury have
hitherto been dlfcharged by ifluing certificates
of registered debt, (hall be forever barred and
precluded from settlement or allowance, unleft
claimed by the proper creditors, or their legal
reprefentativet, on or before the fir ft day of
March, in the year one thousand seven hundred
and ninety-nine. And the Secretary of the
Treasury is hereby required to cause this Aft to
be published in sue or more of the public papers
of each (late.
(Signed) JONATHAN DAYTON,
Speaker ®f the Honfe of Representatives.
THEODORE SEDGWIC^,
President of the Senate. Pro. Tem.
Approved July 9, 1798.
JOHN ADAMS,
President of the United States.
December 13. w t tft iVar.
'January 13 d, 1799.
IN pursuance of arefolveof the
President and Managers of the Delaware and
Schuylkill Canal Company,
The Stockholders are hereby notified and re
quired to pay ten dollars on each of their ref
peitive (hares of ftnek, on or before the firft
day of March next, to the Treafurerof the
Company at their office near the Bank oflVnn
lylvania.
Extrafl from the minutes,
GEORGE WORRALL, Sec'ry.
WILLIAM GOVETT, Treasurer.
j»"- 15- frfa 4 w.
Country Seats for Sale.
TWO Seatsat convenientdiftances froiaPhi
ladelphia, each eompi ifing perfedl accom
modation and conveniences of every kind for a
genteel family—For particulars enquire of
EDWARD BONSALL & Co.
No. 64, Dock-flreet,
_ ift mo. 31. ■»aw6w
This day Pubhjked,
AND FOfc SALE AT THIS OFFICE,
in* ESSAYS under the Signature of
VIRGINIENSIS,
On the Alien and Sedition Laws.
('Price 25 eentt, I Zmo.)
IT is perhaps futile to expect to work conviiftion
in the minds ot so inveterate and vicious a class of
men, as the Democrats of America, by atiy argu
ments however forcible, or any display of truth,
however irresistible: These writings are, however,
calculated to produce a more important and ufeful
cffedl, by placing the fuhjeit in its true light be
fore honell men, who are uninformed, or have
been rpifinformed as to the nature and oNje&s of
those bills.
Jan. 15 6t
AN ELEC.VfT ASSORTMENT Of
Madras Handkerchiefs,
FOR SAJLE BY
Mc r(h c, a i Lew i s. O
jan. 26. «iaw
40 Boxes of Fresh Citron
Tuft arrived via New-York, and for Sale by
JOHN CRAIG,
Who has also for Kale,
Old Madeira Wine
of the firft qMality,
India Muslins,
coarse and fine, &c.
A quantity of the best English leaf
Clover Seed.
Jan. at. tw
TO BE SOLD,
A two story Stone Houle,
LATELY built, with two ai res of land, on
the Briftnl road, about a inile above Frank
fort. The fittiation is high and healthy, and
the water excellent. —For terms apply to Mr.
John McClelland, or Mr. Richard IVhitchead,
No. 6«, Vine-street.
Jan. 11
PUBLIC NOTICE
IS hereby given, that application will be
made to the Direilors of the Bank of Pennfyl
vanU for the renewal of a Crttificate for a share
}n the said Bank, No. iaßi, dated July 14th
1797, Handing in the name of JOSEPH REED,
the fame having been accidentally last or de
stroyed,
Philad. J?n. tj. d6w
FILTERING STONES.
Of an excellent qual'ty for Snips or Families
FOR SALE BY
Thomas fc? Joshua Fisher.
No. s, Dock-flreet.
ift mo. 15. daw
AH. PERSONS
Indebted to th« Estate of Mr. John FiNNo.late
of Philadelphia, deceafed,are desired to make pay
ment, and those having any demands, to present
thasn for fettUnatnt, to
SAMUEL BLODGET, Adm'r.
or
JOHN WARD FENNO, Agent
to the administration,
nov. So s.im
JAMAICA RUM,
A Cargo now landing at SouthJlreet tuhatf,
FOR SALE BY
PETER BLIGHT,
Apply at Stores on the Wharf,
WHO ALSO omits FOR SALI,
BRANtIY, ift and 4th proof
Madeira and Port WINES, &c. &c.
■■ Nov. I. dtf
Five Dollars Reward.
STOLEN yeftcrday morning, between t c and
la o'clock, from No. 68, South Fourth Street,
A Single cafe Silver Watch,
the maker's nameMarknoble—number not known.
The letters W. H. are scratched on the rim of the
cafe,—a ft eel chain and key, gilt seal with a cypher
W. H. engraved en it. Whoever will give me
informatiou so :hat the thief may be brought to
jufiice shall receive th£ above reward.
W. HAYDON.
jan II
Stray Horse.
WAS t?ken up, trefipal&Bg am ttie fubferiber,
in the towuOiip of in the county
of Philadelphia, a grey Horfe,about fourteen hands
high, thirteen or fourteen years old, blind of his
right eye, and (hod before. Whoever has loft
lam, by proviog property and paying charges,may
him again on applying to the fubferiksr.
|OHN SINK,
On the Banks of Schuylkill,
jan. 19, 1
WHEREAS
ISAAC PAINTER having made an aflignment
of all hit property to me the fubfcrilier for the
benefit of his creditors, this 1* to request all per
(<9> indebted to the said Isaac Painter, to prsvent
further trouble, to make immediate paymsnt to
me the fubferiber ; and all those having any de
mands against him to render in their accounts to
JACOB CLARK, AJJigntt.
jon. *6 dtf
NOTICE,
PURSUANT to a Resolve of the Board of
Trufieei of Walhington Academy, in Som
effet county, Maryland, authorising William
Polk, efqr. majors Samuxl Wilson, and
William Joxts, Members of said Board, to
procure a principal teacher for said Academy.—
NOTICE is hereby given, that a gentleman quali
fied K> teach the Oreek and Latin Languages, Geo
graphy and the Mathematics, and such other
branches of Liteiacure as it is customary to teach
in fnch Schools, will meet with liberal encourage
ment and it isprefumed wHI be well accommodat
ed in taking charge of this Academy. The build
ing is spacious and will accomodate at lcaft sixty
Students.
Proposals may be addrefTed to John Dennis, No.
161 Arch-street, or William Winder, accountant
in the Navy department, Walnut street, Philadel
phia, or to either of the three gentlemen above
-mentioned^near Princess Anne, Maryland.
dec I r S
BREAD
TO be delivered to the Poor of the City and
Liberties at Friends Mecting-Haufe in Mar
ket, the corner «f Second, street, on Friday the ill
of February, at 10 o'clock, agreeable to the will*
of Petty and Carter.
The guardians of the poor are rcquefted to give
their attendance agreeable to a resolve of the Ge
neral Board of 'he 14th inftaut.
Jonathan Robeson, President
of the General Board of Guardians
Philadelphia, January »8, 1799 dtFi
WANTED,
To Article for two or three
years a young Man to a profitable business
For particulars enquire at no. 68, south Fourth
street
A person who hat some knowledge of paint
ing or drawing would be preferred.
W. HAYDON,
who has
A Cellar to Let.
jan 11 j
This Day i« Published,
AMD FOR ULmj.rtlfNO, I kg,C H JSN UI-J1 a IST
AN ADDRESS
To the People of Maryland,
ON the origin, progress and prefeat state of
French aggrellion, with a Iketch of the infamous
attempts to degrade the Government of the Unite*!..
States, and fomc rrfieilio-as on the late proceedings
in Congress; written the last of April in the pre
sent year, by a Member of the House of Reprrfcn- i
tativw. j juneli !
If HERE AS,
BY an A a of Conprefs pjfTedon the fifteenth
day of July in tlit year of our Lord one thru
fand-i'even hundred and ninety eight, the PrelU
dent • f the United States is authorised to borrow
;on behalf of the Unjted States from the
Bank of the United States, or from any other
body or bodies politic or corporate, or from
any person or persons, and upon such terms
and conditions as he (hall judge moll advan
tageous for the United States, a sum nut
exceeding five millions of dollars, so however
that 110 contrail or engagement be made which
(hall preclude the United States from rcimburh
ing any f«m or sums borrowed at any time after
the expiration of fifteen years from the date of
such loan, And whereas, it is declared by the
said A<fl, that so much as may be necefiary of
the Airplus of the duties on Imports and Ton
nage beyond the permanent appropriations here,
tofsrecharged upon them by law, (hall be pledg.
e i a,,d appropriated for paying the interest, and
alio for paying and the principal
sum or funis 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 lufficient
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 saM
A£l. And cjobereas the President of the Unit
ed States did by an Adl or Commission under his
hand dated the ninth day of January in th« year
one thousand seven hundred and ninetynine,au
thorife and empower, the Secretary of the Trea
sury, to borrow on behalf of the United States,
any sum not exceeding in the whele, five mil
lions of dollars and to make filch contrail or
contracts as should be neceflary, and for tne in
terest of the United States, in pursuance of the
Adl of Congrefa above recited.
.Vow therefore, the undtrligned, Secretary
of the Treasury, in purfuanre of the A£l of
Congress, and the authority from the President
of the United States, above mentioned, doth
hereby on behalf of the United States of Am«-
rica, contrail and engage in manner following,
t* vjit.
ill. A book for receiving fubferiptions to a
Loan of fire millions of dollars far the use of
the United States (hall be opened In the city of
Philadelphia, at 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 fubferipwons, until the
whole of the said five millions of dollars (hall
be Üblcribed. If .more than five millions of
dollars (hall be fubferibed on the firft day of
opening the said loan, the surplus (hall be dc
dueled in proportion to the sums fubferibed by
individuals, exceeding four thousand dollars.
id- For every hundred dollars which maybe ,
fubferibed there (hall be forthwith deposited and
paid the sum of twelve dollars and fifty cents,
and like payments of twel le dollaas and fifty
cents, (hall be made within the firft ten days of
the months of April, May, June, July, A«guft
September and O&ober ensuing. The Secre
tary of Hie Treasury however reserves the rif.ht
of reducing the number of installments by fpc
cial agreements, with Iht individuals who may
become fubferibers.
3d. On the failure of payment of anyinftall
ment of the sums fttbfiribed according to the
tenor of the second article, the next preceeding
inllallment of twelve dollars and fifty cents,
which (hall have been paid, for every hundred
dollars fubferibed (hall be forfeited to the Unit-
SldtCt.
4th, The sums fubferibed (hall and may be
paid to tlye credit of the United States, at the
Bank of the United States, or at the offices of
discount and deposit of he said Bank at Boftun t
New-York, Haltiraore, or Charleston, oratei.
ther of the Banks of Salein, in Maflachufetts,
Newport and Providence in Rhode-Ifiand,Hart
ford in Connecticut, Albany in or
Alexandria in Virginia, for which payments,the
rece-pts of the Caftiiers of the Oflices of Dis
count and Deposit and'of the Banks aforefaid
(hall be received at the Bank of the United State*
as equivalent to money ; but no payment of a
subsequent inflallrneHt (hall be received at any
other place than that where the firft iisftallment
was paid, except at the Bank of the United
States ; in cafe any deposits (hall be made at the
offices of Discount or Deposit, or at either of
the Banks aforefaid, which (hall not be applied to
the payment of the firft kiftaliment ef fubferip
tions to the Loan aforefaid, the said deposits
(hall be forthwith refunded by directions from
the Treasury.
5 th. For the fum< or number of (hares of one
hundred dollars, which may be fubferibed, cer
tificates (hall be given by the Calhier of the Bank
of the United States, which (hall be afiignabie
by indorsement, and delivery of the parties io
whafe favour the said certificates may be ifluedi
until the compUtinn of the payments required
by the tenor of the second article preceeding.
6th. The sums fubferibed and paid in pursu
ance of the tenor of the second article preceed
ing, (hall after the said payments have been
compleated, ronftitute a funded capital (lock
divisible into (hares of one hundred dollars each,
which capital (lock (hall bear interest at the rate
of eight per centum per annum from the timrs
fixed for the payment of the refpeilive install
ments payable quarter yearly at the Treasury ef
the United States, or at the Loan Offices where
the fame may Hand credited, until the lad day
of December, in the year one thousand eight
hundred and eight.
7th. After the last day of December in the laid
year oni thousand eight hundred and eig't, and
after reafonahle notice to creditors, which (hall
be given by an advertisement in some public news
paper, prilled at the feat of the government ef the
United States, the fasti capital (lock (hall be re
deemable at the pleasure of the United States b
the reimburfen.ent of the whole sum or fu£'
borrowed, and which may constitute the saul a
tal (lock either at the treasury of the United St' 1
or at the loan offices where the fame may f
credited.
Bth. The credits for the said capital fto:l
and may he feparatvly certified i" sums e.ther •
one hundred, four hundred, one thoufafld,
thousand or ten thousand dollars, and the crt
so certified (ball be transferable by the creditori
| their attornies, at the Treasury and Loan Offi
refpedively, in pursuance of the rules which ha>
been, or which may be silablilhcd relative to the
transfer w( the funded (lock of the Un'ted State'.
9th A fufficicnt lum of thefurplusof the duties
on Imports and Tonnage beyond the permanent
appropriations heretofore charged upon thrni by
law, together with the faith of the United State-*
are hire-by pledged for the fujfilknenc of thiseon
trafl, in pursuance ef, and according to the term'
and conditions of tlx a3 of Congress herein
fore recited.
Given under my hand and the seal of
, Treasury of the United States at Ph'"
* ' Jadelphia, this twelfth day of January
one thousand seven hundred and nine*
> ty nine.
OLIVER WOLCOTT,
Secretary of tie Treasury*
jan. 13. $