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mention- cl, in. any otl er part of F.u
---i pc, at Amsii l'clam, and at die rate
of ;wo t uifi< r . and hail guilder, cur
rc:i ir hi \ ,i ; and, ici each dollar;
iii wlii li la-1 n t ntioned option, the
condition shall be expressed in the
new certificate s to be issued, ar.d the
credit oj credit -, to lie given to the
proprietors ll>tre.f, shall be- entered,
and shall he realfr be transi< r&ble onh
on the books oft he- treasury; Pr<xvided
however, That the intere st thus paya
ble m l.ondun ar.d Amsterdam, shall
not be payable until d;e expiration of
six calender months from the el. y on
which the ‘•ante would he payable in
the United States, and shall be subject
to a de luction <A one half of one pci
ec u', on the amount payable, for com
nr.ssion lo the bankers pying the
same: And provided also, That even
proprietor of such stoe k may, on sur
lendering his ccrlifieatc, receive an
other to the same amount, die. interest
wii’ i eof sh ni be: payable quartcr-year-
Jv in the United Suites, in tlie same
maim r as that accruing on the stock
held by persons residing in the United
State s.
Sec. 6. And he it further enacted,
‘[ hat the same fun.is which heretofore
li tve be on, and now are, pledged, by
law, for th p. y ment of the interest, ancl
for the m. (lempt’on oi reimbursement of
the: stock whi. 1) rn iy be subscribed b\
virtue of i li • prov isions of this act, shall
remain pledged for the payment of in
terest accruing on the stock created by
reason of su li subscription, and for
tire redemption err reimbursement of
the principal of the same. It shall be
the duty of the commissioners of the
sinking fund to cause to be applied,
and paid erut erf the said fund, yearly,
and c very j e..r, such sum, and sums, as
may be annually wanted to discharge
the annual interest and charges ac
cruing on the stock which may be
< reatod by virtue of this act. The
said commissioners are hereby author
ised to apple, from time to time, such
sum and sums, out of the said fund, as
they may think proper, towards re
deeming by purchase, err by reimburse
ment, in conformity with the provis
ions of this act, the principal of the
s iid stock. And the annual sum of
eight millions of dollars, vested by law
in the said commissioners, shall be, and
continue appropriated to the payment
of interest and redemption of the pub
li : debt, until the whole of the stock
which may be created by the preced
ing sections of this act, shall have been
reeK cured or reimbursed.
Sec. 7. And be it further enacted,
That there shall be allowed to each of
the agents ter be appointed by virtue oi’
tni-i act, in adition to the necessary e x
peuses incurred by them, for printing,
stationary and postage, a sun of three
thousand dollars, as full compensation
for their services. Tne said agents
and the commissioners of loans, shall
alser be allowed such additional sum
as may be actually and necessarily ex
pended lor the clerk-hire requisite fur
carrying this act into effect. And
for defraying the said compensation
and allowances, and such contingent
charges as may be incurred for carrying
this act into effect, a sum not exceeding
sixteen thousand dollars, tube paid out
of any n >nies in the treasury, not other
wise appropriated, is hereby appro
priated.
See. 8. And be it. further enacted.
That whensoever notice of reimburse
ment shall be given, as prescribed by
the second and third sections of this act,
ti'.e certificates intended to be reim
bursed, shall be designated therein.
In everv reimbursement the prefer
ence shall be given to such holders of
certificates, as previously to the said
notice, shall h ve notified in writing to
the* treasury department their wish to
be reimbursed. If there should not be
applications to the treasury sufficient
to require the payment of the whole
sum to be applied to that purpose, the
s cretarv of the treasury, after p. ring
oil .1 sums for the pa\ meat of which
abdication:- shall have been made, shall
and. n r.nme by lot what other certificates
sli.dl b. reimbursed so as to make un
the whole amount to be discharged ;
and in case the applications shall ex
cel and the amount to be discharged,
the secretary of the treasury shall pro
ceed to determine by lot what applica
tions shall be entitled to priority of
payment.
Sec. 9. And be it further enacted,
That the agents appointed by virtue ol
this act, and the several commissioners
of loans, shall observe and perform
such din oiionsand regulations, as shall
be prescribed to them I y the secretary
of the treasury, touching the execu
tion of this act.
Sec. 10. And be it further enacted,
That nothing in this act contained,
.shall be construed, in anywise, to al
ter, abridge, or impair, the rights of
those creditors of the United States,
who shall not subscribe to the loan
created by virtue of this act.
NATHL: MACON,
Sfteakrr of the House of Representatives.
GKO : CLINTON,
Vice President of th- United States, and
President of the Senate.
February 11, 1807. — a rrito v k and ,
TH: JEFFERSON.
Loan Oilicc, Georgia,
June 2 5d, 1807.
Notice is hereby given, that in con
fortuity iti the provisions oi’ the act
f siq pit mentar\ to the act, intiiuh and
j. “ An ac t making provision for tile re
j! clemp’ion of the whole of the public
f <lelk e>l die United States,” books will
| be open at the otti e of the conimis
| sioner <;f loans for Georgia, on tire first
j day of July next, to continue open un
til thcseventeenthdayofiViarch, 1808,
inclusively, tlu fourteen last days of
each quarter cxccpn el, for the purpose
|of lccviving subscriptions ior such
* parts of the old six per cent, dr fen ed
U six per cent, and three percent, stocks,
? as may, on the day of subscription,
stand on the books of the said com
missioner of loans.
Those proprietors of the old six per
cent, and deferred stocks, who may
subscribe, will receive in lieu thereof
anew six per cent, stock, equal to the
unredeemed amount of the stock sur
rendered, redeemable at the pleasure
of the United States, under a proviso,
however, that no reimbursement shall
be made except for the whole amount
of any such new certificate of stock,
nor till after six months previous no
tice : and the proprietors of the three
per cent, stock who may subscribe,
will receive in lieu thereof, a six per
cent stock, equal to sixtv-live per cent,
of the amount of three per cent, sur
rendered, redeemable in the same
manner as the new six per cent, above
mentioned but not reimbursable, how
ever, without the assent of the holders,
until after tiie w hole of the new six
per cent, (given in exchange for old
six or deferred as above mentioned) as
well as the whole of the eight per cent,
stoc k of the United States, shall have
been reimbursed. It is also provided,
that in every reimbursement which
may take place, a preference will be
given to those creditors who may no
tify their wish to be reimbursed; and
that if the applications to that effect
shall at any time either exceed or fall
short of the sum t.. n applicable to that
purpose, the priority of payment shall,
so far as may be necessary, be deter
mined by lot.
The present stock-holders whore
side in any part of Europe, and may
assent to that modification, mav, at
their option, receive the interest accru
ing on the new stock, either in the U
nited States as heretofore, or in Lon
don or Amsterdam, at par; in which
last case, the interest will be paid there
by the bankers of the United States,
six months subsequent to the dav on
which the same would be payable
in the United States and subject to
no variation ; nor to any other deduc
tion than a commission to the bankers,
of one half per cent, on the interest thus
paid.
JAMES ALGER,
Commisauicr Loans.
NOTE.
Proprietors of 1000 dol
. lars nominal six per cent.
stock, subscribed before
I the Ist October, 1807, will
! be entitled to receive, 649 62 of new six.
. If subscribed be
tween the Ist Octoher and
31st December, 1807, 641 37
between the
I at January, 8c 17th .March,
1808. ‘ 619 03
Proprietors of 1000 dol
lars nominal deferred- sub
set ibed before the Ist Oc
tober, 1807, will be entitled
to receive 855 78 —■
tween the Ist October, and
31st December, 1807, 853 62
between the
Ist January, and the 17th
March, 1808, 831 42
Being the unredeemed amount of the old
stock on the lstoi julv and October, 1807, and
Ist January, 1808, respectively
Proprietors of 1000 dollars three per cent,
stock will be entitled to receive 650 dollars of
new six. 11> §
CONSTANTINOPLE, March 10.
The English ambassador, Mr. Arbuthnot,
perceiving that he alone could not succeed in
frightening the grand seignior and his minis
ters, ventured to go himself in person and
bring the English squadron with which he had
threatened the divan for so long a nine. It
was m the afternoon of the 20th of February
that intelligence was received heie of that fleet,
consisting of seven ships of the line, two of
which were 110, three 84’s ar.d two 74’s, be
sides two frigates ol 48 and two fire ships, hav
ing passed the Streghts of the Dardanelles al
most without any i t sistance. A few hours after
wards it was seen casting anchor three leagues
from Constantinople.
The appearance of these forces, which found
us in some measure unprovided, excited at
first an unfavorable sensation upon the minds
of the inhabi ants. The divan itself seemed
uneasy and irresolute. A great consternation
spread throughout the city.
The French ambassador, without suffering
himself to be moved by the effects of that cri
sis, threw himself as it were upon the helm,
undertook to inspite courage and confidence,
and to drag out an order for defending the ci
ty. He succeeded. From that moment the
French military obtained every thing, from the
good will of the ministry and the Turkish en
gineers. The people seeing in the morning
the disposition which had been made during
the night, showed themselves disposed to se
cond this movement of energy.
The preparations for defence could not yet,
however, be very considerable. They con
sisted only in a battery of 18 pieces of cannon,
hastily thrown up before Tophana, another bat
tery of 10 cannon, placed on the coast of Asia ;
and lastly in four or five small cannon which
had been put upon an advanced tower. All
this might have incommoded the English
squadron had it entered ; but not being sup
ported by the cross-fires of the point of the Se
laginwould have been far from sufficient to
preserve the city, the Turkish fleet, the ma
gazines &c.
Happily, the English admiral, though he had
with him Sir Sidney Smith and fire ships,
knew not how to take advantage of this mo
ment, he suffered himself to be driven into a
kind of negotiation, which the Porte carefully
kept in suspence until she found herself in a
situation to repulse every aggression. The
dispositions that were making, soon put her in
a state to raise her tone, and she rejected the
odious propositions of the enemy. We had at
that time 300 pieces of cannon in battery, mor
tars and howitzers—three ovens ior red hot
bullets in full activity; 200,000 men armed with
lilies and fusils, anti animated with the best
spirit; 80 gun-shoallps forming the advanced
guard of nine ships of the line ; six heavy fri
gates a'd six corvettes in the road ; and five
large ships in front of the fort.
All this has contributed no little to shorten
the negotiation. The English admiral, judg
ing, do doubt, from these dispositions that si
milar measures would be taken to shut the pas
sage of the Dardanelles against him, hastened,
after having reconnoitred our position, to make
his retreat. He has passed the Dardanelles ;
but the Turkish garrison, animated by the ex
ample of the capital, fired desperately from the
only battery which ‘ime had allowed to erect
there. It disabled and retook the corvette
which the English had taken on their passage,
and it sunk a polacre loaded with ammunition,
Four days later, and the enemy would not have
come out so easiiy.
The English ambassador had, in his nego
ciations with the divan, demanded as prelimi
naries, that the Porte should turn away the
French ambassador and the whole “legation ;
that all hostilities should from that moment
cease with Russia ; that every armament, for
tification, and erection of batteries, should im
mediately be suspended at Constantinople ;
that the treaty ot aiiiance with England should
be renewed ; that a treaty of alliance with Rus
sia should be concluded ; that an English and
Russian garrison should be established at the
Dardanelles, and in the castles of the Bospho
rus ; that an English garrison should be esta
blished at Alexandria, and a Russian garrison
in one in the Morea ; and lustlv, that there
should be put immediately at the disposal of
the English admiral, to be employed in the
service of Great-Britain, fifteen ships of the
line and ten frigates, victualled for one vear.
, After having announced that Mr Arbuthaot’a
n fcsion was at an end. n.d nr.fif ed the bloc r-.-
t.ing of Constantinople. ‘The English ad to
tal declared that if the above preliminaries were
not accepted be would forcibly enter the port,
set fire to ‘he town, &c He has no obtained
any thing ol his demands, and he returned well
com int ed, no doubt, that he would not be able
at present to come to dictate conditions to the
Sublime Forte, with a naval armament ol forty
sail.
This success is wholly owing to general Se
bastiani: and it is easy to perceive, by the con
ditions which the English had come to dictate
from what misfortune and opprobrium he has
preserved the Turk. He has given proof, m
this instance, of courage, presence of mind,
character and resolution above all praise.—
Every Frenchman has more or less seconded
him; each of them on this occcasion, made
himself an engineer, a cannonier or ame
chanist. .
The day afler the appearance of the English,
a captain du Genie and two captains of artillery
of the army of Dalmatia, very opportunely ar
lived at Constantinople. They immediately
went to work and were of gieat help. Chance
brought also the next day a French cannonier
that had been driven away from Bagdad, thro*
the intrigues of the English ; he was immedi
ately put in the way to avenge himself. Eve
ry Frenchman was night and day at the bat
teries.
The grand seignor, the ministers, the Janis
saries, the cannoniers and the whole of the in
habitants, loudly acknowledge that it is to the
French they owe their salvation. And in truth
they are treated at this moment with a defer
ence, a friendship, and even a kind of respect
not common on the part of the Turks.
It is but justice also to say, that after the first
moment of uneasiness and consterna |lon was
over, the attitude of the Turks was very re
markable for its calmness and courage. As
soon as the grand seignor had manifested the
intention of resisting the enemy to the last ex
tremity, all the ministers, all the grandees of
the state, took the immediate resolution to re
pair each of them to a battery to encourage
and excite the workmen. They at first stood
in the open air, then under small tents, some of
them under old sheds, during six days, night
and day, without leaving it for an instant.
French engineers and officers have just set
off for the Bosphorus, for the purpose of de
termining upon proper spots for batteries.
‘They will go from thence to the Dardanelles
for the same object. The grand seignior has
given the formal order, that every thing deter
mined by the French ambassador should re
ceive an immediate and punctual execution.
From this disposition of his highness, general
Sebastiani will cause the Dardanelles and the
Bosphorus, which are the two keys of the capi
tal, to be put in a state capable of resisting eve
ry aggression on the part of England or of
Russia.
‘The grand seignior, din ing the six days the
English have been here, has given ari example
of courage and devotedness the most absolute.
He has not gone to rest one single night.—
Every morning he would go to encourage the
people at work, and would kindly smile on
eveiy Frenchman he met. He caused the
gardens of the Seraglio to be opened, to have
batteries erected there, and had even offered,
if it had been judged necessary, to have batte
ries placed in his Haram.
The city of Constantinople afforded on every
point, an extraordinary spec’acle. From the
dispositions and the sort of exultation with
which the inhabitants were observed to be ani
mated, it would have been a desirable thing
that the English should have persisted in their
enterprize. Their fleet would never have re
passed the Dardanelles.
♦
PARIS, April 13.
For some days past the political horizon has
brightened. The catastrophe with which tne
Ottoman empire seemed threatened, is no
more to be feared. The appearance of the
English has only served to reveal to it its re
sources, and to awaken its energy. It seems
as if they had come under the walls of Constan
tinople, merely for the purpose of letting Rus
sia, their ally, be acquainted with the disposi
tions of the Turkish people for reconquering
their independence.
Until now the temerity of the ambassador
and English admiral has already had a rhost fa
tal result for the interest ol their nation. They
have changed the influence which the French
owed to the glory of their sovereign, and of
their arms, into a frank aiiiance. indissoluble
and superior to all religious prejudices which
had prevented the Turks from fighting under
the same banners with the French. This alli
ance, rendering the natural valour of the Or
mans useful, gives to that great body the soul
which it wanted. It is the greatest victory
France could obtain at this moment for the sal
vation of Europe. The first result is depriving
England, as it were by the drag of a fishing-net,
of the immense commerce which it made al
most exclusively in the possessions of the grand
seignor. The second effect of this aggres
sion is the forming between Persia. ‘Turkey
and France, a military line of operations, direc
ted against their common enemies, from the
extremities of Europe to the centre of Asia.
ELBING, April 1.
The emperor is expected here every mo
ment. There is a great number of cavalry
cantoned in the neighbourhood of our city, and
every workshop is busily employed in working
for it. Four thousand horses are estimated to
have been drawn by the French from the isle
of Nogat, which is doubtless, one of the finest
countries in Prussia. Considerable parks of
artillery have arrived from Warsaw, by th&
Vistula, before Dautaic*,,