III. That a single share in the Company be fixed at ten Pounds; but that every subscriber be at liberty to subscribe as many shares as they think proper, and shall be entitled to their proportion of the profits arising; and after payment of their respective subscriptions, every subscriber shall be entitled to a vote in common on all occasions, and also to be elected to any office belonging to the Company; and no person shall be intrusted with any office but a member thereof.

IV. That we will begin with the manufacturing of woollens, linen, cotton, and nails, and carry on the same to the greatest extent and advantage our stock will admit of, during the three years aforesaid; for which purpose we do agree to pay into the hands of the Treasurer, who shall be hereafter chosen, one moiety of full one-half of each of our subscriptions, within one week after the first general meeting of the subscribers, and the other moiety within two months after the aforesaid general meeting; all which moneys, paid as aforesaid, together with all the profits arising from the manufactory, shall be continued as Company stock for the space and to the full end of three whole years, commencing on the day of the first general meeting of the subscribers aforesaid.

V. That the general meeting of the subscribers shall be called by written tickets, within one week after two hundred subscribers are obtained, in order to choose by ballot, for the first year, twelve Managers, a Secretary, and Treasurer; to fix the time of the annual meeting for our future elections, and to do all other matters and things as may be deemed necessary for the better regulating the affairs of the Company.

VI. That one-third of the managers, and no more, be changed annually on the day of election, by re-electing eight of the old managers, and adding four new to their number, and on the death or departure of the City and its Districts of any manager, for the space of three calendar months, the other managers may choose another in his stead, who shall be considered as acting in the room of the deceased or departed manager.

VII. That the managers carry on the manufactory agreeable to the rules of the Company, and shall have the whole direction thereof, and shall attend two by two, in turn, every day at the manufactory store, at such hours as they shall agree upon, to oversee the business, draw orders on the Treasurer, and give the necessary directions.

VIII. That the Treasurer shall give security for the faithful discharge of his trust; and account for and deliver up to his successor in said office all such moneys, books, writings, and effects, as shall then be in his hands, belonging to the Company, at such times as the managers, or a majority of them, shall direct and require; which security the managers are hereby required to see duly given, executed, and recorded in the office for recording of deeds for the County of New-York, before any such Treasurer, so elected, shall enter upon his said office; and the Treasurer is hereby enjoined to answer no order but such as shall be signed by the two attending managers for the day, as aforesaid, which said orders shall be good vouchers to indemnify him.

IX. That a state of the manufactory, and of the Company’s accounts, shall be fairly made out at the end of every six months, and kept in the manufactory store, for the inspection of the members.

X. That the managers shall have power to call a general meeting as often as they shall find it necessary to take the advice of the Company in any affair, or to lay any proposal or matter of importance before them.

XI. That after the first general meeting of the subscribers, three weeks’ notice of the time and place of meeting, in one of the newspapers, shall be sufficient to call a general meeting of the Company; and no rule nor regulation shall be binding on the Company, but such as shall have received the approbation of a majority of the members present at a general meeting.

The foregoing Report, being read and considered in the General Committee, is unanimously approved of as proper to be recommended to the consideration of the Inhabitants of this City; and that two persons be appointed in each Ward to obtain subscriptions.*

GENERAL SCHUYLER TO GOVERNOUR TRUMBULL

Ticonderoga, November 10, 1775.

SIR: I do myself the honour to enclose you a return of the prisoners of the Seventh and Twenty-Sixth, as also of those of the Navy, all of which go to your Government; and I have ordered Captain Mott, who conducts them, to dispose of them as your Honour shall direct, and beg you will send your orders for that purpose to Canaan. From Major Preston, and the officers of the Twenty-Sixth Regiment, I have experienced the most polite and friendly attentions when I was a stranger and a traveller in Ireland. A return of good offices is the duty of every honest man; and I therefore beg leave to recommend them to your Honour’s notice, and would wish, if there is any choice in the quarters which you shall destine to them, that theirs were the best, which I shall consider as a particular favour done me.

I am your Honour’s most obedient and most humble servant,

PHILIP SCHUYLER.

To Governour Trumbull.

Names of the Officers, Non-Commissioned Officers, and
Private Men, brought Prisoners from CHAMELY.

The Hon. Joseph Stopford, Major; William Godwin, Captain of Artillery; John Morrison, John Shuttleworth, Elntson Hamer, — Barrington, Lieutenants; Surgeon Huddleston; Captain Algee, Navy; McCulloch, Commissary-General of Provisions, Quebeck.

Captain Arthur Hill Brice, with his servant, left sick at Chambly.

*Mr. HOLT: It gave me pleasure to see a scheme in your lust paper, proposed by the Committee of this City, for establishing a Linen and Woollen Manufactory, the utility of which is so obvious, that every friend to his Country in this City, whose abilities will admit, will no doubt cheerfully become adventurers in the scheme; for not only the necessity we will soon be in for woollen and linen cloth, if our unhappy differences between Great Britain and America are not soon amicably settled, but the principles of humanity, ought to induce us to put the scheme immediately into execution, as it will instantly employ some hundreds of the industrious poor, who are at present in want of the necessaries of life: they would then cheerfully eat the bread of indus. try, and, instead of being a burden to the community, they would be of infinite service to their Country; and while many of our brethren are exposing their lives in support of our civil and religious liberties, they would be usefully employed in providing them with necessary clothing. No person need be intimidated from engaging in such a. scheme; for I aver it, that this Country has many advantages for carrying on the linen manufactories, superior either to Great Britain or Ireland, which can be fully elucidated. I hope that those gentlemen who are appointed to receive subscriptions will not meet with the least difficulty in speedily raising the stipulated sum.

I am, yours, &c.,

A FRIEND TO AMERICAN MANUFACTORY.