Alexandria daily advertiser. [volume] (Alexandria [Va.]) 1803-1808, 1804-08-11

] has ulSSOIYeQ, KS Pul1tlSel 'o
| this commonwealth II is nevertheless
certain that this event, has IN no degree
lisunited the essential and reciprocal IN
! terests Of the one asa trading town, antl OF
!. an important section of the other as a gre at
/, producing country, whose ngrlculturailsjs
and manufacturers feel the indispensable
necessity Of a market SO peculiarly suitable
for them purpose. The progress OF the
town in population and Improvement, and
ii, commercial capitala and enterprise, must
necessarily tend TO enrich every part OF tie
country dependant on ii Tor a maraset. The
adjacent territory of the state, from rs
contsguity,ao or rather It's immediate and ~
innate junction with the limits Of tire town,
must continue to derive al. the advantages
of a rapid promotion in vaIae and improve
ment, which are usually experienced from
the vicinity of prosperous town. A consi-
, elerahle portion 81 the town as formerly
laid OUT, is not included ia the cesxion TO
the United States, Dat still remains . part
(; ef fhe territory ard under he jurisdiction
Of ,his commonwealth: This Part together
with contiguous part Of the County OF
Fairfax, Is nsiieraolv:a advanced IN popu-
lation and Improvement, upon the origi-
nal plan OF the town. proportien as TIC
latter advances, it will naturally and ueces-
sarily promote aud enlarge the new town
growing up by is side: So that your M
morialists are well authorised in conclHdit1g
that the separation Of ths town pf .Ale%au-
dria from the state, by political arrange
ment as to jurisdiction, can never impair
or alter the relation OF thelr essential inter-
ests,
The beneficial operation Of tie Ban!, Of
Virginia can never extend to y@ur Memo
riallsts, or to their numerous fcllow-citi-
zens of the counties before alluded TO, url-
less 1t can be brought TO bear upon their
only natural and suitable market. The ex-
listing arrangements for the establishment
of the Bank and its Offices, hold out to their
fellow citizens in other quarters of the state,
a pleasing prospect of the most. substanii-
albenefts, which your Memorialists can
never enjoy or participate, unless tae sys.
TEN can be SO extended in its sphere 81 &C.
ton, as 10 reach them IN tae only points
where they can feel its advantages. They
are confident that they could derive every
requisite Advantage from this Institution,
by The establishment of an Office for the pur-
poses of discoun. AID de roslte, in that part
O. the county Of Fairfax Gard within this
commonwealth whichthcy Iays!above des-
crlbed as daily Improving and growing up
into a town CONTIGUOUS ito Alexandria,
This measure would not only be the means
OF complete accommodation to them, but
must contribute greatly 10 augment the
profits OF the institution to the proprietors
ofthe capital stock. The great Increase o.
business in the town Of Alexandria by rea-
son Of the extension Of its foreign COM
merce, and the rapid improvements iii the
agriculture of the producing country with
which it is connected, has for some time
urgently required much larger banking
capital than that with which it is, at present,
supplied even supposing that capital to
be 50 literally employed. But indc-
pendent of the intrinsic incompetence CT
the banking capital in that town, the frrc
and beneficial emplayment Of it has betn Ct
late greatly i,npeded arl limited by the
unusual demand for specie produced by thc
institution OF the bank of Virginia. and of
other Banks III tbs. eiyhboriog states, All
these circem atances have produced q Fair
aad rational demand, whica tn situation Of
that marker renders it essential 70 the inter-
EST OF your petitioners shon!d be grati{lcd,
fora banking capital &C least double that
OF the Bank of Alexandria, Ii could 5. no
objection to TIE establishment Of he otsice,
suggested, by your nsmoTiaIgsts, that the
Bank Of Virginia might noe haze as com-