Virginia Argus. [volume] (Richmond, Va.) 1796-1816, 1810-04-10

s'ae fhs"fuS''n, or very great Importance.
Us recommended by the report to con.
| tract TOT placing our revenue deposits in
the hands oi this institution bv agreeing for
an interest on them AZ that ,irae thee
iourths otthis stock was held hy roreirners
but the prices cf the United States 'hant
stock has been from London ouo,atoas
much higher regularly there shaa in our
markets. IT IS probable therefore, fareign-
ers az this moment owe rauch more OF /,
as II asbsen a more profitable ramiiteoce
tnah Diils or prcducc 10 any place we could
carry II usder the orders In couocil and
french DEGREES. If this has bcaa the course
wish to knew (sai5 Mr. I..)to what extent
It has,asen lp!sce, not became me evils are
MOI entirely sufficient which this country
!ahcrs under from suffering three fourths
OF this prolific iund TO be in tae hands OF
foreigners, and allowing them to drain
more than eleven per ceut, on it in specie
from our country annually, and which has
. already amounted 20 at least tan million.
81 specie) bur also because II may be i'm
portsnt to know how this institution, when
the stock SHALL all bave gone into foreign
hana5 VIII move on. Il is tru1 the Sc re,
tary OF the Treasury has IN his report told
us that foreigners have no vote. this.
presume, Is ms axe, as Foreigners are
only prohibited to vote by proxy-if for
e,gners do not vote, and they hold all the
stock, tue Institution ends=esf they do vote,
they are IN possession of our revenues
On this subject 1 will state one crcum-
stance disclosed 70 committee OF which
mad the honor 10 be a member, by agent e-
nun who solicited 10 DC heard, on the
claim OF the bSplS of the United St.tss be :
fore that committee. He told US thas the
votes CT late years given for directors OF
, uRr fa,~
and0r Cannot be doubted a.5ut the dis
closure - certainly instructive aud proves
Sha, ihis lmmsuse money engine is at. th,s
moment welded by a few American citi-
Gems, subordinate to an immense majority
OF Foreigners. There is nothing in the
Charter TO prevent the election from being
made by our American citizens only---anA
either that mode may Oe adopted by Tor.
signers OF managing our money concerns,
and our revsnacs for US, or they may per-
| haps more wisely send a few of their own
couaSrymen, who may personally woe, Tor
/ the charter allows II.
! think teos sir, the report of the Secre-
tary Of the Treasury has not fni;y stated
rae profits of TINS institution when ne rates
them at only 5-Sths per cent on It's cpa-
al OF ten mtllioas-it is clear from the ay-
erage amount OF discount debts being if
teen millions, this must be Che average di .
viGsd On active capital, consisting at the
un3Aof his report of only T,770,0OO dolls.
tls<Swefc besides this, drawing SIX per
| ota&QsH 2,230,0o0 of their capital in pub.
litAsNtk, * this i, the smallest sun of pub.
| lie 6cot thcl have ever held. wish 70
eaqa re something into thls subject too, be :
fore we decide on giving 10 this foreign in i.
stitution further monopoly of car money
matters, winch will cost tine CITIZENS OF this
country enc million OF specis per anuum,
as long as is lasts.
\ ! VIII also ask for some farther infor.
matIon. An alarm has within few days
lpAst been strongly excited. that refusal
to continue the Charter of the bank COM
pany of the United States bank, would
spr oduoe sIeh terrible distress as was ne !.
yper witnessed before 10 this country. One
gentleman has been heard 70 say, that una
less It was done the President would be
c5hged 10 convene Congress specially for
thIs pnrpose. We should prepare to coun-
teract those impressions OF apprehension,
aud TO shew ii correct Information Can DC
obtained, that there is 40 cause OF terror
or alarm. In order therefore to obtaIn the
necessary information, submit the tolio8-
ing resolutions, when l AJAX the immedl~
ate consideration OF:
hcsolVed, That the Secretary OF the
treasury be requested TO furnish ms
House with the naRes and titles of the
stockholders OF the bank OF the u. STATES
It any document in his Office will afford
that Infor nation, and If not 70 eadeAvor TO
I obtain that Information ftoua the bank :.
ioresaId-- and lay 1T before this House as
! soen as possible.
"Resv yea, That the Secretary of the
Treasury also be requested TO FURNISH tais
House with the number of shares vo.ed ON
ut the last electlon of directors, for said
bank and Che names of those voting, IL 70
be o1taiped
Tha he state TO this House b. wha,
iDio NATION he was enabled l., his report Of
March, 1909 20 the Senate 10 fix The
ayerss= of d.yidsnds Of said bank a 8
s'sIhs, precisely 8, Is 81 his per cent. per
annum--end also STATE the amour, IF pub.
lie stock OF DINER public debt held by ina
institution on each FIRST day Of January
since It's operations CONNIE ced.
(" That the Secretary ui he Trea.ury
be requested TO inform this House, WA
is the amount ofcapltal te,aIn ia PAD
| adelphia By The bank OF the 1 ni.Gd States
and whai lhe amounts thereof distributed
20 the branches of hat b4nk respeely liy
What have been The average amoan,:
OF dcposiis 1t public monies ~ esc1 o
those banks IN any preceding yeAg, o. -
1he ysar 1sos,I 1t % practicable 10 oo,ai.
j, az any o her, aud whether The sun O