rr*' I PUBLISHED WEDNESDAYS AND SATURDAYS BY JOHN FENNO V» si„ mruqtbcct •,"~4rrf= : _ T r ~"«u, NO. 69. HiL,H-STREET, BETWEEN SECOND AND THIRD STREETS, ?Hf L A d'F I,?HI A [No. 59, of Vol. lII.] PHIL AD EL PHIA. BANK OF THE UNITED STATES. Resolved, That the following AP.s and Resolutions bt published J or th; infr,tmation of the Stockholders of tht Batik of the United States, and such persons as may have to tranfatt business with the Bank. THAT the Bank (hall be opened on every clay (Sundays, Chridmas-day, and rhe fourth of juiy, excepted) at nine o'clock in the morning, and so remain until four o'clock in the afternoon. That discounts for the present, and until alter ed by a quarterly or special meeting of the Board of Directors convened for that purpose, {hall be made at the rate of fix per cent, per annum; and that all bills or notes offered for discount, {hall be delivered into the Bank on Monday or Wed jiefday, and laid before the Directors, together wi.ii a (late of the funds of the Bank every Tuef dny and Thursday, on which days the discount (lull be fettled, and {hall be made known on the next succeeding days. That difcoimrs {hall be made for the present, and until altered by a quarterly or special meet in"'of he Board of Directors convened for that pui pose. upon personal feenrity only with at leafl two responsible names, for a term not exceeding fistv days, and that three days of grace be allow ed 011 all bills or notes payable to the Bank, and that the difconnt be taken for the fame. That bills or notes left with the Bank {hall be prefemed for acceptance, and the money collect ed or demanded, free of expence: Provided ne vertheless, that in cafe of non-payment and pro tefl, the charge of pioteft {hall be paid by the person lodging the bill or note. That payments made at the Bank {hall be ex amined at the time,and no error suggested after wards (hall be corrected. Thit the. payment of the capital stock, confiftitig of specie, v»K|th will be due oii the several shares subscribed' on the firft Monday in January next, be madertT the Bank—btat that the portion confift'ng of pfcblic debt, which will he due on the feretal shares ftibfcribed, on the firft Monday of January next, may bfc mad£ Stthe option of the Stockholders, by transferring tHe feme to the Prefidenrv Directors, and Company Of the Bank of the United States, at any time on or before the firft Monday of January next, ei ther upon the books of the treafnry, or upon the books of any of ihe Commissioners of Loans for any of the States. That the form of the power for voting by proxy at any e'etftion, be: ■Ks'ow all Men by these Aese vts, That of do hereby appoint to be fubflitute and proxy for and in name and behalf, to vote at any election of ■ a Direclor or. Diredors of the Bank of the United States, as fully as or could were perfonatly present. In n>itHffs whereof, have hereunto fit hand and ft al, thit day of' in the year SwW.and drliverrd') in the prefcncc of \ That theformof the power for voting by proxy refpe&ing tlie enacting, repealing or amending Bye-I.aws, Ordinances and Regulations, be: Know all Mi» by these Presents, That of do hereby appoint fubJUtutf tr proxy, to represent at ail meetings of the Stockholder! of the Bank of the United States, and in name arid behalf, to vote refpiO'tng the en ding, repealing or amending ft ch Bye-Laws, Or dinances or Regulations, as may be deemed neces sary and convenient jo> the government oj the said Bank. In xoltnefs whereof, have hereunto fit hand end fealy this day of in the year Sea!etfl and delivered ) in the pretnee ot That the form of llie power for felling, assign- TOg and transferring IBank Stock, be: Know all Me* by thf.se I'rfsfnts, That ■ of dr, hereby con'titute and appoint *J true (ind lau'jfil attorney 7 for and in »aiat and behalf, to /}!!, cud transfer unto 'pptrfon orperfons t the r 'hoU or any part of Jhare unto in the capital or pint flack of the Pref dent, Dirdiurs ar.d Company *f the Bank of the United Statu, and for thai p.:r ---/'/• '* make and execute cil necdjary asa 9j afgr.- wr '/ / c. Saturday, November 19, 1791. and tvansfer r and ffiytbermore one. or wore per fans uad:r to fubjiituU with like full power. In •witnefswhereoj, have hereunto set hand ' r r r ,j and feel-, this Sealed and delivered ) in Ihe presence of £ That the form of the power to receive Divi (lends be : Know ah Men by these Presents, That of do hereby. constitute and appoint lawful attorney Jor 'and in name and behalf, to receive and give receipt! for all dividend* now due, or -which may grow due on fbari to belonging, in the capital or joint flock of the President, Direfiors and Company of the Bank of the United States. In w'ttnefs ivherebf, have hereunto set hand * ~ ' » /"* ' , t and ftai, this Sealed and delivered ? In the picfcnce of £ 1 hat the Bank ihall receive and pay all specie coins, according to the rates and value that have been or fliall hereafter be established by CongrefS. I hat the lawful pcfleilion of a certificate for a fbare in the Bank of the United States, iflued by the persons appointed to receive fubferiptions to the said Bank, and accompanied by an alignment thereof, shall be deemed afufficient authority for the transfer at the Bank of focli share totheper fon to whom the fame shall have been thus as signed. That th,e delivery to Thomas Willinc, Pre sident of the Bank of the United States, of a cer tificate of public debt, bearing an annual interest of fix per cent, and flandingupon the books of a Loan-Office in any of the Slates, accompanied with a power of attorney authorizing the said Thomas Willing, or his substitute, to transfer to the President, Directors and Company of the Bank of the United Stxtes, the whole, or the parr, of the flock espreflec! in ftich certificate, fliall for so much as may be thu> rt-'amfevred, -He a payment purfuanr to the charter of tbe said Bank, and on account of the firft and second pay ment in the public debt, which will become due upon Bank fliares on the firft Monday in January next, provided that the delivery of the laid cer tificate and power of attorney be made to the said Thomas Willing on or before the said firft Monday in January—and that fatisfartory evi dence be given to the Dire>ftors of the said Bank, of the completion of such transfers, on or before the firft j\lond3v in March next. That the Bank receive transfers of any of the public debt in trufl for such persons as may re quire the fame. That in all cafej. when thereunto required, that the Bank accept powers of attorney for re ceiving intei efts due, or to grow due upon any of the public debt, and hold the fame at the order of the proprietor, free of charge. Refolvcd, That it will be expedient to establish Offices of Discount and Deposit in the several cities of Charle/lon and New-York, and towns of Baltimore and Bojlon, and as soon as may be afrer the fir 11 Monday of January next, upon the fol lowing plan : Article i. The Directors of the Bank of the United States (hall appoint a number of Direc tors, not less than nine for each department, a majority of whom shall constitute a board. yjrt. 2. The Directors for each department fliall clioofe one of their number for President. Art. 3. The Directors of the Bank of the United States lhall appoint the Caihiers of de partments. Art. 4. The Directors of departments flirfll ap point their refpeiftive Tellers, Clerks and Ser vants, and the i'ecurities by them given fliall be approved by the Diie<ftois of the Bank of the United States. Art. 5. The Directors of departments fliall be annually appointed, but not more than three fourths of whom, exclusive of the President, fliall be eligible for liie next succeeding year. Art. 6. The coTiipenfaiion to the President, Tellers. Clerks and Servants of departments, fliall he established by the Directors of the Bank of the United States. Art. 7. The manner of keeping, dating and rendering the accounts of the departments, fliall be prescribed by the Directors of theßankof the Uuiied States, and the obfei vance of the rules established fliall be enforced by the Directors of the Rank of the United State*, to whom accounts of departments shall be rendered. 233 day of in the y tar day of in the year Z /(£ r&Xeef SFVZ Z?* Art. 8. That part of the capital Hock of the Bank which consists of the public debt of the United States, /hall not be divided, but the de partments (hall discount upon ftich part of the ipecie capital of the said Hank as the Directors /hall a]>portion to them, with such part of thede pofits as lhall be lodged with them from time to time, as the J)ire(fiors of departments /hall judge fafe and expedient. Art. 9. All notes ifl'ued at the departments/hall be signed and countersigned by the Prefidentand Ca/hier of rhe Bank of the United States—/hall be made payable at the refpe<Sive departments from which they are iflued, and /hall be deliver ed to the Ca/hier of the department, who /hall give duplicate receipts for the fame, one of which is to be lodged with the President of the Bank of the United States, and the other with the Pre/i ---dent of the department. Art. 10, All notes which /hall have become nil fit for circulation, /hall be cancelled by the Pre sident and Directors of departments, and imme diately thereafter transmitted to the Directors of the Bank of the United States, who /ball cause the said departments to be credited for the fame. Art. ii. Therefpetftivedepartments fliatl, once in every week, make out and transmit ro the Di rectors of the Bank of the United States, a dif tintf abftrasft of the state of their funds—which abftrauft ihaH ascertain the amount of the deb's and credits of the department, the amount of notes iflued by the department and then in cir culation, the amount oif cart) on hand—.and flmll likewise diftinguifli in the account of cafli on hand, hbw much thereof is in specie, and how much in tlie several kinds of Bank notes. ■rfrt. 12. That the continuance of the said de partments {hall be at the plrafure of the Direc tors of the Bank of the United States—but none of the foregoing regulations shall be rescinded, unless at a meeting of a majority of the whole iiinuihsr as Diretlior*, after a n/vtire given that purpose at a preceding meeting. By order of tht Bnard of Direfrors, THOMAS WILLING, President Countersigned, John Kean, Cajhier. 8C?" Somi inaccuracies having occurred in thoft publications of the Bye-Laws oj the Bank oj the United States, which have already appeared—an authentic copy wilt be priblr.Jljed in the next number of this paper, pursuant to orders of the Directors. on the freedom or spsech FREEDOM of speech is the privilege of man ; tha peculiar privilege of an American ; but f do Hot fay that it is never abused ; it is abused when virtue is drawn in a forbidding, and when vice is painted in a seducing light ; it is abused when truth is'obfcured by dark shades, and when falf hood is drefled in tlie mod captivating colours ; it is abused when liberty is exhibited bound in chains, and when tyranny is placed in a pleasing point of view, embelliflied with every ornament which can dazzle and delude. To drop the pen cil—he, surely, whatever be his rank in life, whatever be his pod in society, discovers neither wifdotn nor benevolence, who endeavors, as a po litician. to loo<en the bands of morality ; and as a mora lift, to weaken the ties of religion.—Such a man, whatever be his rank in life, whatever be his pod in society, is not a friend to mankind —nor himfelf. Of Prohibition with refpett to the Exportation cf Gold and Silver. COULD Spain and Portugal have succeeded in executing their foolifii laws for hedging in the cuckow, as Locke calls it, and have kept at home all their gold and silver, those metals would, by this time, have been of little more value than so much lead or iron. Their plenty would have ledened their value. We fee the'folly of these edicts ; but are not our own prohibitory and re ftri<ftive laws, that are profefledly made with in tention to bring in a balance in our favour from our trade with foreign nations to be paid in mo ney, and laws to prevent the neceflity of export ing that money, which, if they could be thoroly executed, would make money as plenty, and of as little value. I fay, are not fa eh laws akin to those Spanish edicts ; follies of the fame fatniW » 4' [Whole No. 2()';7.] EXTRACTS. f
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