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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*,,