The monitor, or, Delaware Federalist. [volume] (Wilmington, Del.) 1801-1802, 1801-11-16

sorigiusl and forcibr writers Of this
81; a writer whs, when he csniine'
meafures and faeis, illuhrstes, in.
and inforns, more thaa any VI his ca,
mporsriss. 1t Is the author of the political
rogreis of Creat. Britain.---The following "a
an extraA freH work now in the pref, By
that able writer.
On March I'D, 1891, the sA pahed for
Incorporating the Hamilton bank. The tenth
ieetion faye, that neither ihall the faid corpo.
ratisn take more than at the rate OF fix Per
centum per annum for or upon its leans or diff
counts. The confitutiea gives congreis no
power no regulate the interef of money. But
if they did make fuch rule they fhould have
paid tome attention to the getting OF it obierv
ed. Initead Of This, this following practice is
un9eraooa to be common 10 Philadel phia -
The bank refufes TO dfcount at the regular
price, you then apply TO broker, whs is in
correspondence with one of the directors of the
bank {meaning one of the directors of the faid
back of the United Siates) thro' him (mean-
Ing ore Of the Gaid directors aforefaidl yea re-
ceive bank notts, at:two or three per cent. per
month, & the broker and the director (mean.
ing tie directors of the bank as aforelaid) di.
vide the ipoil-Congrefs take no cognizaNce
OF this practice, 70 dilreputsba ID itlsls, and
10 dearuetive to commerce-- Nay leveral of irs
members are directors, each has credit with
the bank for at leaf thirty thoulaad dollars
Tbs dire Gers are twenty five in number-The
ium total of their perloDal credit come, by the
tmallett computation, to ieven hundred & fifty
thouiand dollars. At three per cent per month,
that FUN gives two hundred and feventy thou.
land dollars year to the directors payable
monthly; whereas by the charter of the bank,
the borrowers are entitled to an equal quantity
OF bank notes for one fxsb part of that mo-
Dey' 10 this affair, the blame does not fall
upon the brokers, hut upon the directors,
(meaning thereby the direSorS of the faid
bank who pratfice, and The cougreis, (mean-
ing the csngrels of the faid United Statss)
who iGffer fuch extortion. I he iilcnce of the
republican party in both honfes upon this iuh-
jea, place in frOog light the negligence with
which they perform their duty"
To the great fcandal Of the faid fcuate and
congrefs OF the faid United States of America
and of the faid members of the fai& fenate aud
congrefs who arc in the fad libel afperied TO
the evil example of all ott ers in the like cafe
offending agaiaft the form of the aa Of con-
grefs of the fad United States, in fuch cafe
made and provided, and agaiu& the peace and
dignity Of the United States.
JARED INGERsOLL,
46tfsrsfy Of The United Slater for the
Djfria Of PsnsyfDHniS.
WITNESSES.
JAMES MATHERS, jun. SsUorS.
JOHN WILMER,
J. WILLIAMS, SzUsra.
y S. CHARTER, Ssvsrn.
A tue Copy,
t ID. CALDWELL, elk. c. c.
cory OF THE ENDORSEMENT.
CIRCUIT COURT, OCTOBER, 1901.
United States
'0S.
WILLIAM DUANE.
{. Li5sL
TRUE ELL.
John Jones, Fsnmaa.
Returned 18th Odober, 1900.
1900, Oa. 10. The defendant pleads men
Sul: ct dc hoe &c.
The United States will no fartbH trsssa's
abs biK,
a. J. DALLAS, Attorney.
aSth July, 1901.