History of the United States of America volume 6

Cover History of the United States of America volume 6
History of the United States of America volume 6
Richard Hildreth
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The individual subscriptions, single shares being $100 instead of $400, as in the old bank, were payable in four installments, extending over twelve months ; but, as soon as the first installment, amounting to $2, 100, 000 in cash and $6, 300, - 590 HISTORY OF THE UNITED STATES.
CHAPTER 000 in stocks, was paid, the bank was to commence op- _ erations. To powers, duties, and restrictions the same 1816. With those of the former bank, were added the obliga tion to establish, at the demand of the g
...overnment, an office of discount and deposit in the District of Colum bia, and a like office in any state in which two thousand shares of the stock were held, on the application of its Legislature and the requisition of Congress. By a new provision, the new bank was entitled to the deposit of the public money, unless the Secretary of the Treasury, for reasons to be forthwith laid before Congress, should otherwise direct ; but in return, it was to transfer public money from place to place without charge.

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