and persons, by whom any order or direction for so dealing or trading shall have been given, and all and every person and persons who shall have been concerned as parties or agents therein, shall forfeit and lose treble the value of the goods, wares, merchandises, and commodities, in which such dealing and trade shall have been; one half thereof to the use of the informer, and the other half thereof to the use of the United States, to be recovered with costs of suit.
How money may be advanced or lent.Sec. 9. And be it further enacted, That if the said corporation shall advance or lend any sum, for the use or on account of the government of the United States, to an amount exceeding one hundred thousand dollars; or of any particular state to an amount exceeding fifty thousand dollars; or of any foreign prince or state, (unless previously authorized thereto by a law of the United States,) all and every person and persons, by and with whose order, agreement, consent, approbation, or connivance, such unlawful advance or loan shall have been made, upon conviction thereof, shall forfeit and pay, for every such offence, treble the value or amount of the sum or sums which shall have been so unlawfully advanced or lent; one fifth thereof to the use of the informer, and the residue thereof to the use of the United States; to be disposed of by law and not otherwise.
Bills or notes made receivable by U. States.
1812, ch. 43.
Subscriptions made by United States, how to be paid, &c.Sec. 10. And be it further enacted, That the bills or notes of the said corporation, originally made payable, or which shall have become payable on demand, in gold and silver coin, shall be receivable in all payments to the United States.
Sec. 11. And be it further enacted, That it shall be lawful for the President of the United States, at any time or times, within eighteen months after the first day of April next, to cause a subscription to be made to the stock of the said corporation, as part of the aforesaid capital stock of ten millions of dollars, on behalf of the United States, to an amount not exceeding two millions of dollars; to be paid out of the monies which shall be borrowed by virtue of either of the acts, the one entitled 1790, ch. 34.
1790, ch. 47.“An act making provision for the debt of the United States;” and the other entitled “An act making provision for the reduction of the public debt;” borrowing of the bank an equal sum, to be applied to the purposes, for which the said monies shall have been procured; reimbursable in ten years, by equal annual instalments; or at any time sooner, or in any greater proportions, that the government may think fit.
No other bank to be established.Sec. 12. And be it further enacted, That no other bank shall be established by any future law of the United States, during the continuance of the corporation hereby created; for which the faith of the United States is hereby pledged.
Approved, February 25, 1791.
Statute ⅠⅠⅠ.March 2, 1791.
Chap. XI.—An Act supplementary to the act intituled “An act to incorporate the subscribers to the Bank of the United States.”
Subscriptions to bank stock prolonged.
1791, ch. 10.Section 1. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the subscriptions to the stock of the bank of the United States, as provided by the act, intituled “An act to incorporate the subscribers to the bank of the United States,” shall not be opened until the first Monday in July next.
Time of first payment.Sec. 2. And be it further enacted, That so much of the first payment as by the said act is directed to be in the six per cent. certificates of the United States, may be deferred until the first Monday in January next.
Not more than thirty shares to be subscribed at one time.Sec. 3. And be it further enacted, That no person, corporation, or body politic, except in behalf of the United States, shall, for the space
