56 A STATISTICAL ACCOUNT OF TllE 



and its workmanship so faithfully executed, that, both the 

 quality of the one, and the excellence of the other, will bear 

 the test of the most critical and rigid examination. 



Signed by order, and in behalf of the Board, 



RICHARD PETERS, Pres'ident. 



December 2Uh^ 1805. 



The following u a short statement^ of the situation of the 

 Stock. 1806. 



Original Stock. 15000 Shares 



Additional 7500 



22500 



Shares authorized to be issued ; but 



not used 2000 



. — — 24500 



^Vhereof, are completed, and certifi- 

 cates issued. ------ 19567 



Remain on hand, not sold or subscribed 4933 



24500 



Stock issued, 19567 Shares at % 10 each, is S 195,670 



So that a clear revenue of ^12000, will pay more than 6 

 per cent discount: and this will happen, when all the debts 

 are paid. These are now funded ; and interest paid regular- 

 ly. They must be gradually discharged. 



A small proportion of shares forfeited, are unsold; but 

 these go to the credit of the Company ; and lessen the aggi*e- 

 gate on which dividends are to be struck. 



When, by the rise of the Stock in the hands of the Com- 

 pany, it can be disposed of, so as to commute the debt for 

 Stock ; or to pay it with proceeds of Stock subscribed for, 

 and delivered out of that remaining on hand ; then the Capi- 



