Picture of Philadelphia, for 1824 : Containing the "picture of Philadelphia, for 1811, By James Mease, M.D." With All Its Improvements Since That Period

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B50,000 may be loan- ed to the state, or its funds may be invested in real estate within the city or county of Philadelphia.
Office, 45 Walnut street.
President, George Latimer. Dividend, February and August.
Phoenix Insurance Company^ Was incorporated in 1804, until 1815.
Capital, ^600,000. Shares, SlOO each.
There are nine Directors. One half of the capital consists of shares in the stock of the Insurance Company of North America. Capital invested in bonds, must be secured by mortgages or suf
...ficient real estates within the city and county of Philadel- phia : a part of the capital not exceeding ^60,000, may, with the approbation of a majority of the stock- holders convened for that purpose, be loaned to the state of Pennsylvania. They may also sell all or any part of the stock of the said incorporated insurance company, which may be transferred as aforesaid, and invest the proceeds thereof in the manner here- in directed. The real estate must not exceed SlO,000 clear annual income. Stated meetings of the directors are to be held once in every fortnight.

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