Newspaper Page Text
thelefsy and te it further entitled,
That when the annual proceeds
arising from rhe said Bank to
the (late (hall not be fufficient
to discharge the interest that
may be yearly due from the state
to the Bank, that no money
jhail be drawn from the treafu
ryof this Hate for the discharge
, of the fame.
Sec. 9. And be it further en
abled by the authority aforefaid,
That in case of the death, ina
bility or resignation, or absence
from the (late of the Comptrol
ler-General, the Governor and
Commander in Chief for the
time being, shall be and he is
hereby authorized and required
to appoint and commiflion lbme
fit and proper person to perform
the duties enjoined on or intrud
ed to the Comptroller-General
under ar.d in pursuance of this
a6b, except as to the duties
prefcnbed and provided for in
the preceding clause.
Sec. 10. And be it further en
abled by the authority aforefaid,
That the Legislature shall, an
nually, as their directors, ap
point by the joint ballot of both
houses, four persons, citizens of
the United States, and not di
rectors ot any other Bank, and
who shall contißue in office until
the next meeting of the Legisla
ture, and until two months after
anew appointment by the Le
gislature of directors as aforefaid,
so long as the connedion of the
ft Ice with the said coporatiorj
ihali continue to ex iff.
Sec. 11. And be it further en
acted by the authority aforefaid ,
That the Comptroller-General
of the finances of this date shall
be furnifhed annually with state -
merits, (signed by the cashier
and coimterfigned by the preft
dent) of the amount of the ca
pital flock cf the said corpora
tion and the amount of the debts
due to the fame, of the monies
deposited therein, of the notes
jn circulation and of the calh in
hand $ and that the said Comp
troller-General, or person or
persons who may be appointed
as hereinafter direded, shall have
a right to infped such general
accounr in the books of the
Bank, as shall relate to the said
statements. Provided, that this
shall not be com Trued to imply
a right of infpedting the account
of any private individual or in
dividuals, or any body politic
or corporate with the Bank *
And provided also , such com
munications be regarded as en
tirely confidential, and that the
comptroller-general for the time
being, or the person or persons
who may be appointed as here
inafter directed, in the cases of
his death, inability, reflgnation
or absence from the flare, be
not a flock-holder in any other
Ranking Company in this flare.
And provided always , That no
thing in this ad contained shall
be conflrued to imply a restric
tion on the part of the Comp
troller-General, or person or
persons authorized to receive
and infped such ftaremems,
from reporting to the Legisla
ture flom time to time any vi
olation of the fundamental rules
of said corporat : on, but on the
contrary, that it shall and it is
hereby declared to be his or
their duty, faithfully to, report
ail and every violation cf said
’ rules, or of this acl,.on the part
of the said diredors or flack
holders in said corporation, and
also the amount of all debts due
to laid corpora.ion under pro
test.
‘'Ec. 12. And be it further en
died, That the bills or notes
of the said corporation, original
ly made payable, or which shall
have become payable on de
mand, in gold or fllver Coin,
shall be receivable at the trea
sury of this Hate, at Louisville,
or the feat of government of the.
fame, and by all tax colledors
and other public officers, in ail
payments for taxes or other
monies due to the flare.
Sec. 13. And be it further en
abled by the authority aforefaid,
That in case of failure of the
Bank, each flock-holder, co
partnerfhip or body politic,
having a lhare or (harts therein
at the time of such failure, or
who may have been lute re fled
at any time within twelve months
previous to ‘uch failure or bank
ruptcy, shall be liable and held
bound for any sum not exceed
ing twice the amount of his, her
or their fnarc cr iublcription;
and that no loan shall be made
. by the laid corporation to or
for the ule of any fjrtign prince,
(late or government, urdefs pre
viously authorized by a law or
tins Hate.
Sec. 14. And be it further en
abled, That aii monies or pr ofits
which on any diffolutipn of the
said corporation may at the time
be owned or poffcffcd by them,
shall be held by the diredors of
the said corporation, to and for
the use and benefit of all persons
holding (hares in the said corpo
ration, in average ana proportion
to the amount or number of said
{hares. Provided always never
theless, That at the expiration
of every year from and after the
commencement of the operation
of this acl, the Legislature shall
be free to declare, and may with
draw, by felling out the whole
of their flock, or any portion
thereof, then undifpofed of, from
all further connedion with said
Bank, and may receive the di
vidend as aforefaid, to which
the ftace may be entitled. And
provided also , That on the (late
lo withdrawing Irom said Bank,
the Leg.fla ure Ihali not be en
titled to appoint the four direc
tors of said Bank, as herein be
fore direded.
Sec, 13. And be it further en
abled. Thac at the expiration ot
the fix months herein limited as
the time of fubferibing, the
commissioners at Aiigufta shall
transmit their books of subscrip
tion to the commissioners ai
Savannah, or any one of them,
which comrniflioners appointed
at Savannah shall compare ail
the books of fubferiptions, and
shall declare and fix the number
of (hares to which each fubfen
ber is entitled, and require the
subscribers to pay such a per
cent, on rhe amount of their
shares as a urfl mflalment a : i wili
amount to or exceed the sum of
two hundred thousand dollars,
and the balance of inch fubfenp
tion shall bear interefl and be
paid in such manner and by such
inftdments as the diredors of
the Bank shall direct and pre
f ribe ; and in default of such
payment the inftahnenr or in-
flalmums so paid r.s aforefaid
shall be forfeited for the benefit
of the Bank.
Sec. 16. And be it further en
abled, That the diredors afore
faid shall, within twelve months
afier the Bunk shall be organiz
ed and lhall have commenced
its operation, in the City of Sa
vannah, efhbhfli a Branch Bank
for the puipole of dilcount and
deposit only, in the City of Au
gusta ; the capital whereof (hall
not be Ids than one-fifth part of
the amount of capital flock at
any time in the said State Bank.
And the said Branch Bank shall
be eflabiiflied upon the fame
terms, in the fame manner, and
under the fame regulations, rules
and limitations as are herein
pointed out for the eflablifhment
of the Bank in Savannah ; and
such rules and regulations as
may obtain, and be pradifed in
the said State Bank i and the
said diredors shall have power
to commit die management of
the said Branch Bank to such
person and persons under such
agreements and luhjed to such
rc gulations as they fliall think
proper, not being contrary to
law or to the conftituuorc of the
Bank.
LONDON, June 15.
The following letter from
Dublin appears in a morning pa
per of the 18 th. The Dublin
Evening Pofl, a day later in date
than the subjoining letter, does
>t even hint at any thing of a
fl nilar nature:
Dublin, June 12.—-Our gov
ernment has certainly received
intelligence, thro’ various ref
pedable channels, that fyimp
toms of insurgency have mani
fefled chemfeives in the counties
of Kildare, Carlow, Wicklow
and Wexford j and that che 20th
ot the present month is IHe day
on which more desperate mea
sures are expeded to’ be declar
ed. An advertifernent of a
White Horse intended to be dis
posed of by public audion in the
Mountains cf Wicklow,” has ap
peared in all the provincial pa
pers, and is (aid to be a notifica
tion of the intended revolt.
GLASGOW, June 14.
Our foreign news for lift week
has been inconfidcrable. Ruf
fle, by accounts coming down
to a date in May, appears ft, ll
to prosecute moll (irenuoufly,
the extenflon of her power on
the Black Sea. The internal
improvement of the Empire ad
vances at this time more rapidly
than ever, Ihe Georgians,
Mingrehans, Circaffians chose
ocher barbarous tribes, which
desolate and infeft the regions”
between the Ruffian and Perflan
Empire, arc ab>ut to be subdu
ed, rellrained and civilized.—
The Empej-or Alexander seems
to encline to peace with France,
yet prepares for war. Sweden,
speaking in feme fort the very
voice or Ruflia, declares against
Bonaparte, with a spirit and
firmnefs, Lcond only to thoie
of Britain. Denmark is silent,
on account of the vicinity of the
French troops, or for other rea
fnr.s, but will not ultimately re
fill the influence of Ruflia, and
S\v:d a- .kuflb ft!!! maintains
& doubtful parr, cautions but
feared) honorable, and certain
ly remote from sublime and
manly wifdoni. The Turkifli
government afting, like Swe
den, under Ruffian influence,
has boldly set the menaces of
Bonaparte at defiance. Auflria
hditates, maintains a threatening
posture and afpeCt, and tries to
wrest from Prussia, the pride of
being umpire in the prelent con
test—Portugal is still secure in
a fort of neutrality, by the pru T
dence of its government, by the
readiness of its contributions, by
the danger lead Ruflia should
take arms, and Spain revolt as
soon as the Portuguese were ac
tually attacked. We fliouldnot
be fuiprifed to learn, that Bona
parte had offered to facrifice all
his other pretenfior.s in an offer
of peace upon terms which
would procure the general re
cognition of his. powers and title
as Emperor of France, and king
of Italy. Bur, should he obtain
this much—he will loon demand
even ten times more.
——op<o——••
BOSTON, Aug. 10.
THE LATEST.
Between three and four o'-
clock, this morning, the {hip
Sally-Ann, Capt. S. Glover*,
arrived here from Liverpool,
which place (he left 9th July,
five days later than capt. Wood
—Capt, G. politely favored us
with London papers, including
July 5, three days Leer than be
fore received. We flop the
press, to announce a few parti
culars 1
A Loudon article of July 4,
6t>.ves—Notwxthftanding va
rious reports in the public pa
pers, it is not afeertained that
j Mr. Monroe, the American
’ mirjifter, had left Madrid on the
26th May. Whenever he leaves
that city, he comes immediate
ly here, to resume hisftation;
arid then Mr. Erviilg, late can
ful and agent of the U. States*
and charge des affairs here, goes
to Madrid, as secretary of lega
-1 tion, and charge des affairs to
! that court. General Lyman has
succeeded Mr. Erving in ins’
late employment here—Pi obie
maucai.
Auflria is said so have de
manded an explicit explanation
of Bonaparte, refpefting his far
ther designs on Italy. A letter
from Milan mentions that the
feat of the Italian government
will ffiordy be removed to Rome
-—“ the ancient metropolis of
the world”—and that fears
entertained that Naples will next
fall under Napoleon.
A paper of July 5, contains
an interesting debate in the house
oflords, on the 4th of July, up
on colonial intercourse with A
liierica.
~~
Philadelphia, Aug. 17.
NEGOCIATION WITH SPAIN.
We are enabled to Hate, on
authority winch, we deem cor
redl, that die matters in dispute,
between the Un’ted States and
the government of Spain, have
been arnica oi) adjufteci, and that
dispatches, on this important
subject, from our Min Ter at
Madrid, are now on their way
to the executive.