Alexandria advertiser and commercial intelligencer. [volume] (Alexandria [Va.]) 1800-1803, 1803-04-14
From the N. Y. EVENING POST.
PRESIDENTS MESSAGE.
No. rs.
No. rs
BANK STOCK.

Having long face UNDERWOOD that tie
Gubie6t OF the Gale Of the Bank Stock was
10 be brought forward and thoroughly IN
,eGieated on the Aoor OF Congrefs, We
thought il proper 10 defer this number till
we lhould fee the difcuGon il che honora-
lie body fuppoiiog that the data which
would be there exhibited, might better
be relied en- than fhofe which we had our
ielyes been able TO collect. We have not
been diiappoiated. Ga the third Of March
NJ. Bayard brought forward the fol-
lowing refoIution 9 RgIolvsd, that en-
qury ought to be made relative to the
authority OF the Commiflioners OF the fink
ING Fond TO make fa!e ofthe Shares of the
Stock of the Bank Of the United States,
belonging to the United States; and alto
as TO the expediency Of the faid fale, and
The profit or lois refulting tlerefrom to
the4Jnited States Introdueory to his
having the rcfolusion on the table, he
catered folly into this intereaing and i'm
porsant iubjett we fhall purfue the fame
order he has, and in the farvey of it which
weuow propofe to take, we ihall not icru.
pie TO avail our{-lves of the fpeech OF this
able and upright aatefman even to the ex-
preaion. The calculations are allhis
Two queaions prefent thsmielyes
Fire, whether tie Commihloners OF the
faking fund had airy legal right ofell
the Bank Shares At ALT Secondly, Whs-
Their it was fit and expsdient TO fell them
&, the time they did, and or the terms
they did,
admitted that the commiGoners OF
the linking Fund were formerly, IN the
year 1896, empowered if theg fhould find
The fine TO be moi advantageous 20, fell
fach and 70 many of the flares OF the fosk
afthe Bank of TIE Upitsd States, as they
might think proper, TO apply the proceeds
thereof TO the payment OF the debt OF the
United Seates then due or to become due
during lie eougl Of thar rear 70 the bank
of the United STATES or the bank of N.
York /; hnt it is contended that this autho-
rity ceafed with the oecaiion.
To enable the rea der to upderhand
the fablea folly it is material TO refer diff
fintfly to the loans, made BY the bank of
the United States TO the government, and
from which was derived the balance due
70 the bark and fer the pay ment of which
balance, a power was delegated 10 the
commissioners Of the Gnking fund, by the
al Of congrefs of the SIT May, 1896, to
fell the bank Cock. There was then due
to the bank,
On account OF the iubfcription
loan, dolls. 100000
Undcr loan authorized by
an aa TO raife further
fun for The protection OF
the frontiers, &c.
Payable i 7e5 Nov. 100000
Dec. 100, 900
1896, Jan. 100000
3oo,o
Lear under the aa aathoriz-
iag the loanof a,ooo,o 900
payable 1T Jan. 1895. 100000
I include 10 tie itatement,
q Joan from the bark of
New Yo,k, (becan(s it is
an objet of the law OF
1895, under the att of
March, 1894, and payable
the 9Ih lune 1895. 100000
Loan4undsr an aet su,hotii-
ing The loan of, 900, 900
payable April 1876, 1000, 900
Loan under an ast Tor the re-
inhutisneot Of loan, au-
,therizsd by the I'd ieilion
OF ,he 80 Coosseis.
Payable 1896, Dec.
81, zoo, 900
la97, 1913, 100000
500,
Loan,uoder the aa Mar. 'q5.
Payable SO. Mar. 5oo.ooo
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