Gazette Of The United States

Monday morning the commissioners appointed to receive Subscriptions for the Bank of the United States, met at the Bank in this city. At an early hour many respectable gentlemen of this and other states assembled before the doors were opened, for the purpose of delivering in their subscriptions, which, we learn from the best authority, amounted to twenty-four thousand shares,—four thousand more than could be received. The number of persons ready to subscribe was so great, and the amount of their intended subscriptions so far exceeded the limits prescribed in the constitution of the Bank, that the Commissioners thought proper to adjourn, in order to form some rule by which to regulate the business, so that no preference or partiality should prevail in the establishment of an institution that so much concerns the welfare of the United States and the interests of the individuals who are disposed to become Stockholders.

It may be proper to observe here, that the number of shares limited by law is 25,000—of which the United States retain 5,000, consequently 20,000 only can be subscribed for. About 24,000 were offered, but a few subscriptions only received, for the reasons above mentioned.

Mail.

Yesterday the Subscribers to the Bank of the United States assembled at the Bank-house in this city, for the purpose of adjusting the difficulty resulting from the great number of surplus subscriptions, over and above the number limited by law, which had been given in—and we hear that the gentlemen, from a spirit of compromise, agreed that a deduction should be made from the respective subscriptions, so that the whole number of Subscribers should be proportionably accommodated.