Gazette of the United-States. [volume], December 03, 1792, Page 216, Image 4

About Gazette of the United-States. [volume] (New-York [N.Y.]) 1789-1793

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AT A MEETING OF THE
Insurance Company
NORTH-AMERICA,
Held, by adjournment, at the Siaie-Houfe in ibis
Cny, on the tgih inft. the following PLAN,
report d by tneir Committee, was unani
mously agreed to, and adopted as the
CONSTITUTION of the SOCIETY.
J, r I !;■)£ fubfciibers agree to form themselves
X into a focteiy under ihe name of PHE
INSURANCE COMPANY OF NOR 1 PI
AMERICA, for the puipofc of carrying on the
bulinefs ol alTurance, and for ra.fing a lund to
nay and fatisfy any loff-.s which may happen, or
any juit demands which may be made upon the
said focieiy.
II The (aid fublcribcrs do leverally, that is
to fay, each lor h.mfelf, or herfetf, his or her
heirs, executors, administrators and assigns, here
by covenant, promtfe and agree, to and with
each and every other ol the-fuofcribcrs, their
and e.ich and evt ry of their heirs, ext-cutors, ad
miniftratou and allign., and to and with all and
every person and perfous who (hall hereafter be
comeaffurcd in the office of the company, to do,
fulfil and pel form each and every of the articles
of this afiociation, and such other articles as
(hall hereafter from tune to time be made and
agreed upon by (lie members of this allocation
at any ol their general meetings: Provided ne
vertkelefs, That no subscriber, or his or her al
(igtiee, (hall be bound, or held relpunfible to the
other subscribers.or any of them, their or any
of their assigns, or to any per(on or perfous who
(hall become assured by the company, for any
Cum or sums ol money or other charge whatso
ever exceeding 1 lie amount of his or her (hare
or interefl in this aflociation.
111. The capital (lock of The Insurance Com
pany of North-America shall not exceed fix
hundred thousand dollars ; and (hall be divided
iut,o sixty thousand lhares, ot ten dollars each ;
and a subscription towards conftituiwig iuch
stock Ihall be opened in the city ot Philadei
phia'on the aoth day of November, 179?., under
the infpeftion of Ebenezcr Hazard, and fha'l
continue open until the whole of the said stock
ftiall have been fubfcubed,
IV. Any person or persons, copartnerfoip or
;>ody politic, fnay subscribe to this afToeiatton ;
and the (hares lubfcribed Ihall be paid for by
inftaiments as follows; that is to fay,
For each and every share fubfciibcd, there
Ihall be paid —
One Dollar at the time of subscribing,
One Dollar on the 2d Monday of July, 1793,
Two Dollars on the 2d Monday of January,
*794-
Two Dollars 011 the 2d Monday of July, 1794.
Two Dollars on the 2d Monday of Januaiy,
*795-
And two Dollars on the 2d Monday of July,
*795-
Pfovided, That until the twelfth day of De
cember next, the payment ot the full instalment
shall be made in the receipts issued by the og nts
anrl secretary ol the late Universal Tontine As
sociation ; and alter the (aid twelfth day of De
cember, no person lhall fubfenbe for a greater
number of fhaies than twenty.
And the monies so paid (hall be vested in such
securities of the United States, or of the state of
Pennsylvania, or in the stock of the bank of the
United States, or of the bank of North-Ame
iica,as shall bythe Board of Dire£tois be thought
nioft advifeable.
V. If any fubferiber or other owner of any
(hare or (hares, shall neglect to pay any one of
the instalments on the day before appointed for
the payment thereof, such fubferiber or other
owner shall forfeit all the monies which (hall
have been paid on account of such (hares; and
Ihall moreover forfeit all his or her right, title,
interrft, claim and demand, resulting from such
fharcs, of, in r and to the funds of this alTociation,
and the privileges thereof All monies so for
feited (hall enure to the use and benefit of the
company.
VI. Every fubferiber to these articles, his or
her afligoee, or other legal representative, (hall
be considered as being to all intents and pur
poses, a member of The lufurance Company of
North-Amejica ; arid all (hares held in the fame
lhali be transferable} in such manner, and "under
such regulations as the Dire&ors of the Compa
ny shall determine and direst.
VII. For the well ordering and conducing
the affairs of the company, there (hall be fifteen
t>ire£>ors chosen by ballot,on the 2d Tuesday of
January tn each year, by the Stockholders, by
plurality of votes; and the Directors so chosen.
shall serve as such until the expiration of the 2d
Tuesday of January next ensuing such elt&ion,
and no longer : Provided, Th*t as soon as forty
thousand (hares shall have been fubferibed, no
tice thereof (hall be given by the said Ebtnezer
Hazaid, in at least two of the ncwfp;ipers pub
lished in the city of Philadelphia ; and the fa»d
Ebenezer Hazard (hall at the fame time and in
like manner, notify a day not more than ten
days diftmi from the date of such notification,
for proceeding to theelcthoTi of Directors, ai a
place in the city of Philadelphia, to be therein
fpecified : At which time and place the cleftion
Ihall be made, and the persons then chofcn (hall
be* the firft Directors, and shall forthwith Com
mence the operations of The Insurance Com
pany of North-Ami lira. They shall continue
in office until the 2d Tuesday of January next
ensuing their election.
VIII. Tke D:rctlors ebofen as aforefaid shall
at their firft m -tug, el.ct by ballot, one of
their number to be l'refid<nt of the compam,
and shall then divide thtrnfelves (excluding the
President) into committee.', e.ch committee to
confifl of iwo DneSors. The said committees
(hall attend at the office ot the comuany every
week, in rotation; and the attending commit
tee, with th. Pirfident, (who (hall »lfo atiend
daily at the office) (hall fme full power and au
thority, in the name and on behalf of the com
pany, to make such insurance* upon vcffels and
merchandize at sea, or going to sea, or upon the
lite or lives ot any perfun or peifons, or upon
.any goods, wares, merchandize 01 other pro
perly gone 01 going by land or by water j and
at such rates of mfuraricc, or premium, as they
flitll deem advifcable. A::d the) Ihall, geuc
rally, do and tranfaft, on behalf of tic compa
ny, all the bufioefs usually attending insurances
on ihe objrfls aforelaid ; fubjedl, nc'enlielels,
to such regulations as the Stockholders at any
general meeting (hall think proper to ir.akc; and
lubi<-tt also to such rules and regulations as the
Board ol Direttors (ball, fiom time to time
make, relating to the bufioefs ol the company.
Uiuil the company (ball be legally incorpo
rated, all notes, deeds, or other securities taken
for the use of the company* (ball be tJken in the
name of the President, as luch ; and all policies
(hall be signed by the Pieftdent, as such ; and
such signing (hall be deemed and taken to be
the ast of each member of (he company, and
tor which the President (hall not be liable to
any peculiar perlonal responsibility ; and, in
order to prevent dilutes, there (ball be inferred
in every policy, a claule or covenant purporting
ihat the allured confideis the Prffident asafchng
on behalf of the company, and icleafes him 11 om
all perlonal refponfibiluy on account of such sig
nature. But when the company lhal! have been
legally incorporated, ihe policies shall pass un
der the seal of the corporation, and be attested
by their Secretary.
The President (hall lay before the Board of
Directors, at each of iheir meetings, an account
of the proceedings of the communes since the
last meeting of the Board.
IX. There shall be stated meetings of the
Board of Due&ors once in every foiteight, and
occasional meetings at such other times a# the
President shall think p'Oper : At all which meet
ings the President shall preside, but shall have
no vote on any question, except in cafe of an
equality of votes, in which cafe he (hall have
the calling voice.
Two thirds of the whole number of Direc
tors, whereof the President shall be one, fhali
form a quotum ; and all qucftious before the
Board lhall be decidfd by a plurality of votes :
But no vote shall be u-confricred by a less
number than was present when luch vote paifed.
X. The Board of Diredois shall have power
to employ such and so many officers, cle'ki iod
other afliftams, as they (hall from time to lime
find neceirary, and to tnake and reasonable
compensations to the pcrfon.s inployed by them.
They (hall also have power to establish rales and
regulations for transferring shares in the com
pany's stock, and for the management of the
company's concerns.—They shall
generally, the whole bulinefs of the company,—
shall examine the proceedings of the committees,
and all officers employed ; —they shall keep fair
minutes of their own proceedings, and submit
the fame to the infpe&ion of the Stockholders at
every of their stated general meetings.
XI. The Stockholders (hall meet together on
the second Tuesday of January in every year, af
ter the firft election of Dire&ors, for the pur
pose of examining int© the foliation of the com
pany's affairs, and for making such additional
and other rules and regulations as they (hall
judge ; —and in all questions coming
before such meetings, as well as in the choice of
Directors, they lhall refpe£tivcly vote according
to their several interests in the company's (lock,
in the following ratio ; that is to fay,
Every member (hall be entitled to one vote
for each share of (lock he or she (hall hold :
Provided, That no member shall have more than
fifty votes : And provided also, That no propKe
tor of stock shall vote at any cle&ion for Direct
ors (after the firft) unless the stock (hall have
stood in his own name on the company's books
three months next preceding the time of such
ele&ion. But any member may vote either for
Directors, or upon any other business, by his
proxy duly authorifid ; and every rule, ordi
nance and regulation made at any such meetings,
(hall be binding on each member of the society
as fully to ail intents and pni poses as if each and
every member were personally present, and con
senting thereto.
XII. In cafe ot the sickness or necelTary ab
sence of the President, his place shall befupplied
by such other Dire&or as the Board ihall ap
point for that purpose
XIII. No Director shall be entitled to any
emolument unless the fame shall be agreed to at
a general meeting of the Stockholders; but the
company shall allow the President a reasonable
compensation for his extraordinaiy attendance
on thei^bufinefs.
XIV. The Dttcftors (hall on the fid Mon
day of January and the firft Monday of July
rclpe&ively in every year, declare a dividend of
so much of the profits of the society as to them
shall appear advifeable ; and the dividend so de
clared, shall be paid to the refpedtive proprie
tors in seven days after the fame (hall be so made.
—But the monies received as premiums on
nfques wh-ch (hall be undetermined and ouU
(landing at the time of making such dividend
shall not. be considered as a part of the profits of
the company. And in cafe of any loss or lofl'es
whereby the capital stock of the society IhaU be
jeftcned, no subsequent dividends Ihall be made
until a sum equal to such diminution, and ari
fingfrom the profits and interests of the society,
(hall have boen added to the capital.
XV. Tlk' company (hall hold no real cftate
other than such as (hall be neccflary lor the con
venient tranfaflion of their bnlinel's at (hall
be bona fide mortgaged to them by way ol se
curity ; —or conveyed to them in fatisfa&ion of
debts ; or purchased at falcs upon judgments
which (ball have been obtained upou debts due
to them.
XVI. Anymemberof the Insurance Corn
pan; of North-America, may at any time be
come allured by the company, on any ship or
veflel, goods, merchandize or lives, in the fame
manner, and to the fame tSc», » s if futb num
ber had no intcrcft in the company.
Extratt jrom the minutts,
EBENhZER HAZARD, Sccrctary.
Philadelphia, November igth, 1792.
ADVERTISEMENT.
%-TThii Gazette :s pubhjhedin North Ei/th-Slreet,
No. 34, between lltgh and Mulberry Streets—inhere
the Editor neaj resides.
A LARGE CELLAR TO LET,
Sufficiently capacious to /loreJtveralhundred bar?els.
Enquire as above.
iPf The price of this Gazette is Three Dollars
per annum—One h»!j to be pa.id at tie time offub
fcribing. JJ
216
Agreeably to. the Seventh Atiicl# erf tkAr
Constitution,
■NOTICE IS HER&My GIVEN,
TO the Membcy of the Infurw Company of
Noith-Amtrlai. ,th»t Forty Tiioufapd Shares
are fubferibed; and that a General Meeting*>t
the Subfcribera is to be held at the State-House
in this city, on 10th iuft. at 10 o'clock, A. M.
when the Dire&ors ar? to be cbofen.
SBEN£ZER HAZARD,Secretary.
The holders of Certificates in t)ie la,te
Tontine A(lociati«n, who intend to become
members of the Insubancb Company, are
desired to call at No. 145, Arch-llreet, where
their fubftriptions will be received, and a pre
fer«n*: tothero, until the iath in#.
bank ok the united states.
Phi lad el mi a, November 10, 179 a.
THE Stockholders of the Bank of the United
Slates are heteby infotmed, that according
to thefta+ute of incorporation, a general el r 6110:1
for twenty-five Diteftors will be held at the Bank
cf the United Siaies, in the city of Philadelphia,
on Mouday the seventh day of January next, at
ten o'cock in the forenoon.
And purfuan to the eleventh feftion of the
Bye-Laws,the Stockholders of the said Bank aie
hertbylnoiified to assemble in general meeting
at the lame place, on Tuesday the eighthday of
January uext, at five o'clock in the evening.
By order of the President and Directors,
JOHN KEAN, Cafbier.
EOWEN-'-s EXHIBITIONS OF
Wax-Work&Paintings,
ARE open every day and evening (Sundays
excepted) at the House lately occupied
by Mrs. Pine, No. 9, North Eighth-ftreetv
First Room—Contains upwards of 100
elegant Paintings, and about 30 Wax Figures,
in full flature—among which are Likenefles
of a number of the principal chara&ers in
America ; Baron Trenck tu chains, an Indian
Chief, andfeveral beautiful young Ladies of
different States, <stc. &c.
Second Room—Contains eighteen large
Wax Figures, which form a Sociable Club,
or the Oyster Supper ; and the School for
Scandal, confining of twelve female Figures,
making their observations 011 a young Lady,
who had eloped with a Footman.
Admittance One Quarter of a Dollar each
Room.
TO BE SOLD,
A Plantation,
LYING on the river Delaware, miles above
Trenton, containing 165 acrcs ; whereon is.
a d weliing-houfe, pleasantly situated, 36 by 24 feet,]
hiving three rooms with fire-places on the lower
floor, and four above, one of them with a fire
place ; a kitchen adjoining, near to which is a re
ma«kable laige fpiingof excellent water, accom
-1 modated with a good spring-house ; a bam 36 feet
by 26; a waggon, chaii and smoke-houses, besides
other ufeful out-buildings ; a large orchard, chiefly
of grafted fruit. The farm is well watered, and
has a proportion of wood and meadow land, thro*
which the road runs that is known by the name
of the River Road.
On the Premises is also ere&ed,
A Grift-Mill,
In the midst of a good wheat country, on a never
failing stream ; the mill-house is 54 by 24 feet,
has one water-wheel, a pair of burrs and a pair of
Cologne stones, rolling screen, bolls for merchant
and country work, 6cc. and is accommodated with
a cooper's (hop, 18 feet square, near the mill —
which is *' out 300 yards trom the Delawaie, and
very conveniently situated to receive wheat, &c.
fron\ boats pafling down the river.
There are also for Sale,
20 Acresof Wood-Land,
within less than a quarter of a mile of the above
mentioned Plantation, which lies in a fine hich
healthy country.—For teims apply u> the sub
scriber on the premises.
OBtAer y 179 1,
Stock Brokers Office,
N0.45, Great Dock-street, New-York, |
HP 1 HE Subfcriher intending to confine himfelf:
X entirely to the PURCH ASE and SALE of
STOCKS on COMMISSION, Bfgsleave 10offer
his fervtces to his Friends and others, in theiinc
of a Stock Broker. Those who may plea fe to fa
vor him with their bufniefs, may depend upon
I having iuranfa£led with the ulmoft fidelity and
dispatch.
Ordersfrom Philadelphia.Boston, orany other
part of the United States will be itriftly attend
ed to.
Ma\ 2,
To the Public.
THE fubferihe*- begs leave to acquaint the pub
lic in genera), and his cuftomeis in particu
lar, that he has entered into partnership with
Mr. HENRY KAMMERER, and that the Print
ing bufinels in the English and German languages
is uow carried on under the firm of STEINER
and KAMMERER, No, 85, in Racc-ftrect, be
tween Sccood and Third-streets.
The Go man Newspaper will be published by
them, as usual, on 1 uefdays, and all kind of Print
ing work done with care and expedition.
MELCHIOR STEINER
Philadelphia, Nov. 6, 179 a.
NEW TEAS.
IMPERIAL,HYSON &SOUCHONO
Of the very fit ft quality, and iateft iniportatioi
from Canton, via New-York, by retail,at
No. 19,
Third, between Chcfnut and Market Streets.
N. B. A Jcuj Boxci of the above HYSON Jorfa'ie.
JOHN MOTT.
( law 4 l )
LEONARD BLEECKER.
M-)
B O OK S, '
PRINTED A NO SOLD BY
MATHEW CAREY
A'o. i 18, Market-Street, Philadelphia.
i. A MERICANMUSEUM,f.omiisc«w»h, ft
IX tnciit .11 January 1787, to June 1702 '
eleven vols. Pace, neatly bound and lJuitA
feventecn dollars and thiei filths. 1
1 his work, which is now cortduflcd on an i m
proved plan, containing the heft pieces publilhrrt
for and against the proceedings of govuniwr
will be found to contain at leaft'as great a vanc '
of political, agricultural, Sod miscellaneous til
as any ever publifhcd in America, IV,hajWj,,i,j
one work aie so many valuahledocurti' nts refprt'j
ing the history of this coumry, colleSed togciher*
His Excellency the Prefidcni of the United Siai„'
has declared of it, that '« a more Ofefuj liter ry
plan has never been undertaken in America.,,;,'
one more defcrving ot public cncoiirageoicdi, l
The fubfeription is two dollars and a hail if
ann. Gentlemen in the country who will, , 0
be supplied with this work, are requeftcd to vivt
commiflion 10 friends in the city to fubfcnbrtor
and receive it- Any ol the back number
may be had in order to complete sets.
2. Smith's Letters to Married Women,ori Nurf.
ing arid the management of Children.
" We recommend theft letters to the pfrvf?lnf
those to whom they are'particularly addicted."-.
Monthly Review, vol. 38, p. 101—Price, buuud
62 cents.
3. Duncan's Elements of Logic—73 cents.
4. Beauties of Fielding—so cents.
5. Beauties of Blair—so crnis.
6. Ladies' Pocket Library, containing Mrft
More's EfTays, Gregory's Legacy, Lady Penning,
ton's Advice, Marchioncfs of Lambert's Advice
Swift's Letter to a newly married Ladv,Mrs.Ch>-
pone on command ot Temper, More's Fables for
the Ladies, Prrce 6/6.
7. Smith's History of New-York. Piiceadol
lar and a quarter.
8. Elements of Moral Science, by
tie, L. l D. profelfor of moral philosophy and
logic in the Marilehal College, Aberdeen—Price
three-fourths of a dollar. Of this book the
Critical Reviewers (vol. 69, p. 628) fay ; 41 We
have seen nothing on theftr fubje&s more plaio,
more perspicuous, 01 more generally ufeful."
N. B. It is introduced into the Univerfityin Phi.
! ladclphia.
9. Beauties of Poetry. Price four.filths of.a
dollar.
10. Blair's Sermons. Price two dollars.
11. Nccker'sTreatife on the importance of Re
ligious Opinions.—Price four-fifths of a dollar.
12. Examination of the Observations of Lord
Sheffield on American Commerce—Price, on very
fine paper, 5 Bihs of a dollar.
13. The Conltituiionso/ the several United States,
with the Federal Conftitutiori, &c. Price fivc«
eighths of a dollar.
14. M'Fingal. Pricethree-eighths of a dollar.
15. American Jefl Book. Price three-fihhs of
16. G
11a do'jarden of the Soul. Pi ice half a dollar.
17 The Do way Translation of the Vulgate iii
bl , in quarto— Price, elegantly bound and lettci
ed, £0/2— plain, fix dollars.
18. Devout Christian's Vade Mecura—Price*
quarter dollar.
19. Think well on't. Prise a quarter dollar.
20. Christian Economy, Pr ice a fifth of a dollar.
21. History of Charles Grandifon, abridged-
Price a sixth of a dollar.
22. Poems by Col. Humphreys—Piiccatfctul
of a dollar.
23. Select Poems, chiefly Amcricao—Piicea
sixth of a dollar.
Said Cariy has for sale, 3 large affortincnt
Books, European as well as American editions,
which he will dispose of on the most leafonable
terms. Country gentlemen, who favor him with
commands, m3y depend upon being fupplicd i*
ihe moll faiisfactory manner. A liberal allowance
to Tuch as purchafc quantities for public ÜbrancJ
,or to fell ag.iin.
PLANS
OF THE
City of Washington,
Sold by the Booksellers,
BOBSON, CAREY, YOUNG, & CROMBANK.
John Gould,
HAIR-DRESSER,
INFORMS his friends and the public in
ral, that he continues to carry onhis buiinefs
as usual, at No I, South Third-Street, near
Market-Street,and thanks his former cuftom*'S
for the favors he has received.
Said Gould has for sale, an infallible cure for
Weak or Sore Eyes, which on trial, has and v.i
he found to anlwer the purpose.—-He has it 1*
vials from one quarter of a dollar to a dollar—
Any person trying the above, if not f°u n ° J*
answer the character given, the money wl e
returned. t"J
TO EE SOLD BY THE EDITOR,
An alphabetical list of ftjH"
payable on all Goods, Wares and Merchan
dize imported into the United Statei; ex i ' in h
rhr Rates payable on those impo.ted in 2>h.ps o
VelTels of the United States, and in Foreign W P
or Veffeli; including the additional Duties
which the refpeflive Articles aic liable.
ALSO,
A TABLE for receiving and P»y'"?
jrradunttd according to £aw—BUn* < an
And Blanks for the varioui Powers o A
iKceffary in tranfa&ing Bunncfs at the r >
n the Bank of the United Stales.
Pr The JOURNAL of the
tf the SEN At of the UNITED *■>! •
i.adoj the Edittr hereof.