Newspapers / North-Carolina Chronicle; or Fayetteville … / Sept. 13, 1790, edition 1 / Page 4
Part of North-Carolina Chronicle; or Fayetteville Gazette (Fayetteville, N.C.) / About this page
This page has errors
The date, title, or page description is wrong
This page has harmful content
This page contains sensitive or offensive material
Irnfe oF another eowmiSiJTier, r to (h-ntof thr irsitu-f. ai "rorT1 o!4 of. the ire ifary to tW )fe of. i c.tnt);:ii n:r. A il b; it farther emoted, .Tmtthe intered: up?n the faid liock a the fame ,hi!l becb-mrdiii, lhi.ll be payable qurcer yearly, that is to fay, oae toarth pir: -.hereof mine la t i tyof M irch ; one O i :r fmrJi p irt 01 the iait diyof Jans ; cae other foarth pi t 0:1 the la t d7 o:';!:p;:m:n; aaica: rem lining foarta rurt ;k:r-of on tin i i dij of December in e uh ycu:, begimhiq; o: the la I diy of Mtrch next enfain, and payment Jiili be made wh:reVoerer tlie credit ror cht laid flock thill exift at the tims uch iarerefl fcall become due, that is to lay, at the treafury, it the cre dit for the fame ftiill then exil on the bjneof the treafury, or at the ffi:e of Che cormiiuimer oa whofe baoks iah credit thill then exi t. Bit if the inte reil for one quarter fhallnotbedemanded before the expiration of a third quarter, ihe fame Ihall be afterwards d:raanda ble only at the treafury. And as it may happen tht fome of -.he creditor of the United States may not think tit to become fubferib-rs to the faia loan : B it further enaeied, That nothing In thi; aft com.iined 'hill be oaftrusd in -any wife to alter, abridge or impair the ri:;htsof thofe creditors of the Uni ted S ares, who Ihall not fubferibe to the faid Joan, or the conira&s upon which thtir refpective claims are founded, but thefiid ontri5ts and rights lhall remain in full force and virtue. And that fueh creditors may not fee excluded from a participation in the benefit hereby intended to the creditors of the United States in-general, while the faid pro?ofec!lGan Ihall be depending and until it ihall appear from the event thereof what farther or other arrange ments miy be necelfary rtfpeciing the faid dometlic debt : Be it therefore furticr enafted, That fuch of the creditors of the United atesas may not fubferibe to the faid loin, thall ncverthelefs, during the year one thrmraud .even hundred and ninety one, receive a rate per centum on the re fpcStx edemar Jj,includingtntercft to the laft day of D;eember next, equal to the iatereil payaMe to fubferibing creditors, to hi paid at the lame timet, at the fame places, and by the fame nerfons as here in hrfrc directed, concerning the in on the ftock which may be created in virrue cf the faid propofed loin, r. 11 '.'. fome cfthe certificate? now . in ci u'. ition hare not heretofore been li q lid aed to fpecie va!u;, as moft of them are greatly fubjet to coun:erf-:t, and coumerfcus Uarc attuall ukca pace (-4-V tn numerous inftanees, and as mbarratT. ment and impofition might, for theie reafons, attend the payment of interett, on thole certifieatcs in their prefentform, it ft ill therefore be necetfary to entitle the laid creditors to the benefit of the faid payment, thatthofe wh.ido not pof fels certificates itfued by the regilicr of the trealury for the regiftereddebt,lhou!d produce, previous to the firitday cfjune next, their re.pe&ive certificate::, eiiner at the treafury of the UritcJ o:ate, to fome one of the coxnn.iJI ners to be appointed as aforei'aid, to the end thatthe fame may be cancelled, and other certi ficates ilfued in lieu thereof ; which new certificates thall fpecifv the fpecij amcunt ofthofe in exchange for which they are given, and Ih ill be otherwife of the like tenor heretofore if! ued by the regider of the treafury for the frid regiiiererd debt, and Ihall be transferable o the like principles with thole directed to be ilTued on account of the fubferiprions to the loan hereby propofed. And be it further enafted, That- the commiflioners who ihall be appointed purfuant to this ac, iliall be entitled to the following yearly falarics that is to fay : The commitUoner for the ftate of New Hampfture, fix hundred and fifty dol lars. ' The commiflioner for the ftate of MafTachufetts, fifteen hundred dollars. Tlie commiflion.T for the ftate jof Rhode-Ifland and Providence Plantati ons, fix hundred dollars. ,K The commiilioncr for the (late Gonneclicut, one thoufand doallars. The commiiTIoner for the ftate of New-York, (even hundred dollars. The commiflioner for the. ftate of New-Jerfey, feven hundred- dollars. The commifConer for the ftate of Pennfylvania, fifteen hundred dollars.. J The commiffioxier for the ftate of Delaware, fix hundred. dollars. The commiflioner j for the ftate of Maryland, one thoufand dollars. The commifTioner for the ftate of Virginia, fifteen hundred dollars. The commiflioner for the ftate of Korth Carolina, one thoufand dollars. The commiilioner for the ftate of South-Carolina, one thoufand dollars. The commiilioner for the ftate of Georgia,-feven hundred dollars. Which falaries Puall Uc in full for all fervices and expences. j And be it further enacted, That the faid commillioners, before they enter up on the execution of their feveral offices, Ih.ill refpetively take an oarh or affirm ation for the diligent and r liiliful execu tion of their trufl, and thall become; baaiiJj kvuuvae o iaiofc iuicties, to the fatisfaftton f ths fecrctary of the tre fury, with condition for their good -J be haviour ia their laid offices reflect ively.' ' '" r And whereas a provinbn for j the debts of the rsipe&ive Hates by the Urn ted States,, would be greatly onducive to an orderly, occonomical and effec tual arrangement of thq public finan- ces : I, Be it therefore ena&ed That a j loan be propofed, to the amount of twenty one million and five hundred thousand ..dollars, and that fabfciipuons-to- the laid loan be received at the times and places, nnd - the ftme perfVins, sib in the! loan herein before propoled 'concerning the domeftic debt of the ynited States. And that the fums which iliall Jse iiib- fcribed to the faid loan, ihall be pay able in the ptincipal and interelt of the. certi ficates or notes, hich,. prior to'thc hi lt day of January laH, were iifued.by the refpeftivc ftates,a? acknowledgements or evidences of debts by thernlrefpeclrvcly owing ;? except certificaies tiTu&l by the commiflioners of arm jr accounts in the ftate of North Carolina, in the year or.e thoufand feven hundred and eighty fix : Provided, that no greater fum thall be received in the certificates of any ftate, than as follow ; That is to fay, In tjiofei of Mcw-Hamplhire, three hundred thoufnd dollars. In tliofe of Maifichufetts, four million dollars, i j - Tnthofeof Rhodc-Ifland and Prcvi dencelPlantations two hundred thoufand dollars. In thofc of Connecticut ort million ds hundred thoufand dollars. l In thofc of New, York, one-million two hundred thoufand dollars, j . In thofe of Kew-Jerfcy, eight hundred thoufand dollars. In thofe of Pennfylvania, two million two hundred thoufand dollars.1 In thofe of Delaware, two hundred thoufand dollars. ' 1 :,Y , In thofe of Maryland, eight hundred thouland collars. In thofe of Virginia, three million five hundred thoufand dollars. J Iii thofe of North Carlina, two milli on four hundred thoufand dollars. In thofe or 5outh-Carolinai four mil lion dollars. In thofe cf Georgia, three, hundred tnomand; collars. Aui provided. That no ftich certirl cate mail be. received, vhirh irom trie tenor thereof, or from anv public rtcfrdt sft or document, (ha!1 apprar, 01 can ht afecrtuined to have been tifued for nf purpofe, ether than compsnfations or expenditures tcr fervires or fuppji? towards : the profccuiiou of the late
North-Carolina Chronicle; or Fayetteville Gazette (Fayetteville, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Sept. 13, 1790, edition 1
4
Click "Submit" to request a review of this page. NCDHC staff will check .
0 / 75