Norfolk gazette and publick ledger — Norfolk [Va.], 1810-04-11 00:00:00, page 3

Istetybeenchoseoty Uie votes of the people. 1 v.’
Lord Wellingtonhaejbcen quiet the frontier*
•f Portugal, bat it it laid tout be Lee lately march*
ad to MerW<*
" , Cadiz, February $/d, 1810. \
We have the French in sieht, at Pori St. Mary’s
•n the opposite side of the Bay, six miles from here,
they'have already sent in a summons, and were au
awered that they were ready to rereive the® at the
ith of the cannon; the city is quiet, and no
for any disturbances.
“ We have lately had several arrivals from the
United States, and our market, at present, is tole
lably well storked with all kinds of your produce $
sales,, however, are pretty brisk at tbe price quoted
lit rev* ith :
Floor $12 per bbl. yellow corn meal 9 /corn 1
per bush, rice 4| a' 5 ; peas 2 per bush. W. O.
Staves 100 per M. R. O. slaves 64 per M. pimento
12 rents per lb. rum 65 rents per gallon.”
44 Cadiz, Fib. 4/5, 1810.
44 This is merely to inform you of tbe present
•tnte of oitr market.
44 FIout §10 a 11 per bbl. corn meal 9 per bbl.
(very little at market); corn 1 a lj per bushel ;
pees 11 at 2 per bush, rice 4 a 5 per 1000 wt. fish,
of all kinds, very plenty ; \V. 0. staves 75 per M.
It. O. staves 50 per M. pitch pine lumber 60 a 70
per M. shingles 8 per M rum 65 < ents per galh.n ;
toffee 15 a 16 tents; r 6ais §6 a 8.— B.lls on Lon
don, 12 J a 15 per cent.”
CONFIRMATION !
New Bedford, March 30.
Trench Plunder!—Captain S. Merrihew, of
the ship Palinurtis, of New Bedford, whose cap
ture has been formerly noticed, has written to bis
- friends here, inform.og them that the valuable ship,
the Francis and Mary of New Bedford was con
demned by the French council of prizes on the £)th
of November last. He lurthtr states that the con
signees of one American ship had compromised and
.obtained a restoration of the ship from the captors,
ajpona payment of tribute amounting t» upwards
•of MVEWTY THOUSAND dollars ! Captain Mer
•rihew says that, although such a procedure is very
' objectionable, he intends to proceed in the same way
With .respect to his ship if be can.
The account of rapt. Merrihew is also confnm
«dby the following extract of a letter received by
the owners of the Francis and Mary, dated
“ Paris, Nut. 14, 1800.
Si*,
u I regret that ? gm compelled to inform you the
Fats of the ship Francis and Alary. The ship nnd
cargo were condemned by order of the council of
prizes on the J)th inst. I calculate to return bn,nr
in the ship Madison from Di»ppe, she will sail in
15days. She has been captured on a voyage
‘from Baltimore bound to Amsterdam, and had not
VIOLATED any^Dec REE. The captors have com
promised witti the consignees to irstore the siup,
receiving for their claims four hundred thou
•and litres, and all otiif.rs in like situation
will endeavour to settle in that wav!”
Congress of the United States.
IN SENATF—IVcdnesdatr, .dpril 4,
The senate resumed the consideration of the bill
, Jisr the establishment of a National Bank.
AH- Bsyitrd moved, among other amendments,
the following new sections to the t ill making pro
vision for the establishment of a National B nk,
#feteh were ordered to be printed and ibe hill post
ponedtill Friday next, and made the order of that
<hjr.
Bee. 3. And be it further enacted. That it shall
be lawful for any person, copartership or body po
litic who now door at any lime within three yvars
from the third .U.y .»f March next, may hold stork
of the present Bank of the Tinted States to sub
priiko within that period of time in the books to
hfcopjned at tbecity of ThiTrirlphia for as many
Sham as he, she or they may bold of the e*pil«l
ftQcfc-pt'the said banked the United States, and the
share* so subscribed shall he p.yahle either in gold
Or silver, or by the transfer and assignment of an
•qual amount of the stork of the said bask at the
time of the subscription.
Sec. 16. Amlbe it further enacted, That the in
corporation of the subscribers to the bank of the
United States made and established l.y the art en
titled “ an- act to incorporate the subscribers to the
bank oj the U. passed on the 25th oay of Fe
bruary. A. D. 1791, shall continue and the same is
hereby continued till the 4thday o< Murrli, A. D.
i814—toe rapitallo be augmented to thirty milli
ons of dollars.
The president laid before the senate the follow
ing report of the secretary of the treasury made in
pursusnre of the resolution of the senate of the 2d
instant :
Jrtatmy Utpmtment, April 3d, IS TO.
Sir,
I have the honour »o transmit a report prepared
in obedience to the resolution of tbe senate ol yes
fcrday.
i have the honour to be,
' With great respect, sir,
Your obedient servant,
ALBERT GALLATIN,
To lie kum. the Pretidnl it! the .ftnalt.
REPORT.
The secretary of the tre&snry, in obedience to the
♦solution of the senate of the second inot. respect
fully reports:—
That the statement annexed te the report made
SO senate efclbe second day of March, 18f>9 con
tained »U On dividends made by the bank of the
United State* from its establishment (a the date of
(he report, «s stated to tbe treasury by the bank.
That ttg annexed table (A) being • transcript of
Jbe above mentioned statement, with the addition
•f the dividends mode on the first day of July,
1809, and 00 the first day of January last, einhra
woe not only the ordinary semi-annual dividends 01
Mi
June per rent, but also aU tbe extra dividends which
are within the knowledge of thie department, find
wbtytyUia hgieved, have ever been made by the
bank * d^kffrn the whale, na average of 8 IS-3&
war cent, m yefir. * - ft
ftlVtfttf DM fcfik;
•
•d lot*, in caeeofsahraf the MuiLeWirte W cS* bib*.
ih*t estate baring been pwrd fot from the capital
Mrtck, and not from the profits of lb® bank ; and
'10 dollars, designated by the rum® of '•€«*» '
“ Funa.* intended in the first pi are tt» tover
lost'fet arising from bad debts, not yet actimliy Just v
and the residue of which if any, will be applicable
to another extra dividend.
That the nominal piofit resalting to (he bank
from «arb of its offices of discount and deposit,
could not he ascertained Without an investigation of
all the weekly returns made lo this department >
and that there are no returns from which the actu
al loss sustained by each office can be known.
But that the statement (B>»hews the permanent
capital given to each oftiie of discount and deposit;
the balance due in account curreni by the offices to
the bank (exclusive and in addition to the said per
manent capital) on the 27th d. y of March last)
the amount of the notes actually discontinued and
due to the bank by ths last returns, specifying the
amount discounted at Philadelphia, and at *ach of
fice respectively j and an estimate of the gross a
mount of the annnBl expenses and losses of the bank,
including its several offices, by which it appears
that the annual expenses being about 125,000 dol*
lars a year, the ascertained losses must in the whole
have amounted to about 35,000 dollars a year.
All which is respectfully submitted,
ALBERT GALLATIN.
Treasury Department, April id, 1810.
Dividends on United States'
Bank Stock.
Rate per cent.
No. 1
Jul>,
1792,
4
2
January,
1793,
4
July,
3
3 5-8 (<j)
January,
4
«79 *,
3 7-8 (a)
5
July,
4
6
January,
1795,
4
7
July,
4
8
January,
1796,
4
July,
9
4
January,
10
1797,
4
July,
11
4
12
January,
1798,
(A)
5
July,
13
4
January,
14
1799,
4
July,
15
4
16'
January,
1800,
4
17
July,
4
January,
18
6
1801,
(A)
19
July,
4
'20
January,
1802,
*4
(A)
July,
21
4 A
(A)
22
January,
1803,
(A)
♦a
July,
23
4
January,
24
1804,
44 (A)
25
July,
4
26
January,
1S05,
4
Jury,
27
4
28
J:nuary,
1800,
4
July,
29
4
30
January,
6
1807,
(A)
July,
31
4
32
January,
18U8,
4
33
Juh
4
3 4
January,
1809,
4
35
July,
4
3d
January,
1810,
4
NOT1X
(a) Dividends falling shot t of the rate of eight
r cent, per annum.
(*9 Indite ing extra dividends.
SIA [ EM EA T of tic capital if the several brand
" fil’d of the bank of the United States, and i
the amount of discounts by the last received re
turns.
Amount of notes
Capital. Discounted
Boston
700.000
993,85!
New York
1,800.000
4 17 5,87'
Baltimore
6( >0,000
1,319551
Washington
200.000
485,28.
Norfolk
600,000
880.17'
Charleston!
doo.ooo
1,409,90
Savannah
500.000
1,054,11;
New O: leant
6'll,5i;
300.000
5,300,000
Philadelphia.
Balance due the bank in
arrmmt current i y the
offices, 750,000
Capital ieser*ed3,950,000
-4,700,000 4,572 5f
10,000,000 15,537.8/0
1,411,0'27*
* Funded debt.
16.949,497
Estimate of the expense* and lasses of the Bank.
Six per rent on 17,000,000 dollars, estimated a*
per above, as the amount asually loaned p:» in
terest, is per annum, 1,020,000
Dividend ot 8 13 36" percent, a year, on
10.000,000, actually paid to the stock*
holders, is per annum 836,111
Undivided surplus on 1st Jana*
arjr, 1810, 409,410 dollars,
divided by 18 years, would
be equal to ua annual drvi
dend nf
22,745
Leaving for the estimated an*
Dual auiouut of expenses and
losses,
161,144
referred the bill for the preservation of pearc and
the Maintenance of the authority of the Untied
States in the ports and harbours of the U. States,
and in the ports, harbours, and Waters uftdeV their
jurisdiction, ivp/ytedit without amendment.
The aenate i stunted the consideration a>f the bill
| from the house o! representatives regulating the
| post-office establishment} and having further 'dis
I cussed, postponed its further consideration till to*
; morrow. . “ _ V
v*Vi&*tte4
»M it uY. tiff,
, ^ ; ,,,., ,, i .. ^.,J,,.#,,, themi»«
next sessirmni eciBgresfe. > «ii,.v
i%e- resofWtiVb for adjournment on the 2Sd oi
wnsreud-abd passed to a, aerond AMfcifg..
HOUSE OF fti^RESENTATIVES.
tVtdiesdoj/i April 4.
HANKS, fur,
Mr. Love said tie rose to ask for information'on
a subject which be believed a majority of the house
wrre disposed twact on during the pre sent sees on i
and yet with the lights the legislator.* possessed *,
it, it would be impossible fo art uuderstand.ngly,
I he. report ol the see ret ary of the treasury of March
1809*t rel.1 live fo the continuation of Che Unit d
Stales bank charter, had certainly shed some in
formation over the community on the sourer! to
which he alluded, and bad afforded statements
which demanded an investigation before the nation.
I he first he would notice was that relative to the
portion of stock held by foieigntrs in the hank of
tl>e .’Wted States } a further enquiry into this cir
cumstance became uow,. when congress was called
on to renew the charter of that institution, of very
great importance. || ,f rerormnended by the re
port to contract lor placing our revenue deposits in
the hands of this institution, by agreeing for an in-'
toresf on them. At that time thiee fourths of this
ZV.m 7 c V but the prices of the
Linted State bank stork has been from London
quotations much higher regularly there than in our
markets ; it is probable, therefore, foreigners at this
moment own much more of it, Ht jt bas been „
more pn.iitat.le remittance than bills or produce to
any p are we could tarry it under the orders in
council and trench decree,. I, U,i. has been the
course, I wish to know (said Mr. L.) to what ex
tent it has taken place, (not because the evils are
not entirely st.!hrtent which this country labours
under Iron, .altering three fourth, of this pmbfick
und to be In the hands of foreigners, and allow,hg
then, to dram mors than Were* pcr cent. „n it ,n
specs Iron, our country annually, and which has
already amounted to at least ten millions of specie)
but also because it may be important to know how
this institution, when the sto< k shall all have aone
luto foreign bunds will move on. It ,» true the se
cretary ol the treasury has m his report told us that
oreigncs have no vote, this I presume, ,s a mis
tak,, as foreigners ate only prohibited to vole by
proxy ; i! foreigners do not vote, tfa,.y hold a„
the Stork, the institution eon,—u they ato vote,
they-r* in possession of our revenues. On tins
subject I will state one errumstan. e, disclo;„d to a
commuice ol which | had the honour to he a mem*
bei, by a gentleman who solicited to be heard, on
the claim ot the hank of the United Slates before
Uial committee. He told ris that the votes of late
ytais given tor directors of the hank were very lew
— ins trutn and candour cannot be doubted—but
the disclosure is certainly instructive, and proves
ilia this immense umiiey engine is at tins moment
wielded by a tew Amen, an citizens, sut.oidinate to
at. immense majonty of Idreigmrs. Ttiere „
thmgm the charter to prevent the election Irom
being made by our American cit.zens only ; and «i
ll.tr that mode may be adopted by foreigners of
managing our money concerns, and our revenues
for us, or they may pci haps more wisely send a few
ol l w own countrymen, who may personally vote,
iur tb<; chnrttr .tiioivs it. J 9
I Hank too, sir, the report of the secretary of
tne treasury has net mlly stated the profit „| ih,s
institution, when he rates them at only 8 3 8tins
per cent. „u ,t,rap,tal ol ten millmns ; ,t is clear
Irom the average amount of discount debts being
Osteen millions, ibis must he the average dividend
on active capital, consisting at the time of hif re
port or only 7.770,000 dollars j they were besides
this, drawing eix per cent, on 2,230,000 of their
capita in puf.lick stock, and this ts the smallest
susn ol publick debt they have ever held. I wish
to inquire something m(o this subject too, be,ore
wede, tde on giving lo this fo.e.gn institution a fur
tliei monopoly ol our mousy matters, which will
cost cue citizens of this country one million of spe
cs per annum, as long as It lasts,
1 will also ask for some lortber information. An
alarm has with,., a lew days past been strhn dy ex
citid, that a refusal to con limit? the charter ol the
ba.,» company of the United States’tank, would
produce such terrible distress as was never wjtntss
ed delete m this country. One gentleman has been
heard to say, that Unless it was dime, the president
would be olrliged to convene eongress specially for
this purpose. We should prepare i„ counteract
tm.se impressions of apprehension, and in .hew if
correct information can be obtained, that there i.
no cause ot terror or alarm, hi order therefore to
obtain the necessary information, I submit the fol
lowing resolutions, which J ask the immediate rno‘
siderutton of;
“ Krsulved, l hut the secretary of (be treasury be
frMjimsled to furnished this house, with the names
and titles of the stockholders of the bank of the ti
nned Stales, if any document in his utlice will a I*
lord th.it information, and Jif not to endeavour to
obtain that inlormation from the bank aforesaid
arid UjT it before tbts house as soon as possible.
•• Resolved, That tb« secretary of the treasury
also be requested to furaisb this house with the
number of shares voted on at the last electron of di
rectors, for said bank, and the names of those vot
ing, if to be obtained*
“ rhatbe state to this house by what informati
on he was enabled m his report of March I8O9, to
(be senate, to fix the average of dividends of said
bank at 8 3 bibs, precisely 8 18 34 tbs per r*ntv
per annum—-and also state the amount of publirk
stock or other publtckdebt held by that insulation
on such first day of January fines iu operations
commenced.
- That the secretary of the treasury bo requested
to inform this house* what it the amount of capital
retained in Philadelphia by the bank ?f the United
State*, and wbat the amounts thereof distributed 1*
the breaches of that bank respectively. -
- What have bean tbu average j|no
litteof public k monies in each «f fflfee hanks in env"
tier, or for tW.fj*- l«0f, f
' ® ■
ws»
reign MociholdtrvUk rosoltrttan w«» !#*i
.•*>•#** *** iWt the n.imc* of the doiomif
lulner* were held saertd bv'the oftkeitirfl
and i hat if would be deemed inijura^y n
tiieiB, ft any great pul tWk adv4
«d to lie derived from obtaining the naniei
foreign- atm k holders. Mr. Q. Wid W <*#• w
hr it, hot not for thadomtstiek. |t
hesaid^ that gehtl.-men who attended be
committee h<d admitted (bat hat lew *(0f
attended the efectioo Of d.ret li ra, b*t this
ed not from their IKnitted number, bet ft
cdiifidenee wkirtMraa placed in the difee fa
hank, and tbeir usual re-election without
on. He moved to amend the resolution b*
tns word “ I..reign" before the word *• stork
t« (he Hrst resolution, ' »
Mr. Randolph moved that the resolutiot
the table, alledgtcg, as a reason for ths tmi
state ln which the unrimahed business of v
was when the house adjourned, andTffl
it absolutely necessary to deride on if helot
ther subject was taken op,
Mr. Love’s resolution*
were ordered to fia on
-JuSST"** “• ~****~ *»i**
Aftnm debate of two hows ^Wj&~
Fite question of ordfr yesterday agitated «ua»t<
z:rr01 “* ***£•
Mr. Rhea moved that the further coosideratiaa
Of the unfinished business he postponed ^
row—Nets lived.
The result of the vote „n the first ‘
'' ' "" "“|U'fy into the conduct of&2
v. 'v'lk,n*‘>° »« ‘hen declared—
{ Qt/ii* of the Mtumt iuturm
. I if Nor/nfk Q,
The Stockholders in the si
fiany are hereby notified, that an the.'
held on Tuesday the first of neat tnont
fice, for the purpose of electing Flftec’
ta serve for one year from the said first
The election nil! commence at eleven «
John CMvper, i
For S.ILE-jJZip,
400 barrels Columbia Mills !
"'ill «»il on Saturday next. For
light articles, or passage, apply o,
ton's wharf.
THEATRE.
On Wednesday Eveninj
Eleventh Instant,
THE THESPIAN SUi
GEORGE