Alexandria daily gazette, commercial & political. [volume] (Alexandria [Va.]) 1808-1812, 1810-02-23
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BANK OF THE az

= AHY4osHgsmeTSY RAID insifsicted
IN the Scoumittee sos whom Wss Feferred
the memorial of the president and directors
of the bank Of the United States, 70 make
the following report, thsagh, contrary
to his own: sentiments and to those also
of the member from Virginia, (Mr.
Basset,) and the member from Massachu'
sets, (Mr. Scaver.1 ,.t'>.- 1
.. The committee. &c. report:
Thaein proceeding to the consideration
Of the said petition, yeur committee instruc.
ted their chairman to address letter to
the secretary of the treasury, requesting
him to furnish such>informa alton or obser.
vatiops as he might think proper in relation
to the subject matter thereof as connected
with the financial and commercial interests
OF the Uaited States. In reply to which
the secretary by his letter to the chairman
referred your committee to his former re-
por, on the said subject, made to the senate
Of the United States, in obedience to the
order OF that house.
"'Your committee have been attended
by agents Of the petitioners, who in add.
ton to the matters contained in the petition
have ,suggss,e! to your committee, that
the object Of the petitioners was to obtain
the renewal of the charter in its present
form. That for this renewal the bank is
willing to make compensation either by
loans, at a rate OF interest, Or by sum. Of
money to be agreed upon or by an in.
crease Of the capital stock, by a number OF
shares 70 be taken and subscribed by the
United States, to an amount adequate to
the compensation agreed upon fer such re-
ward.
=" These agents also suggested that they
were fully authorised and empowered .tc
offer and conclude the terms specifically
connected with those propositions. Your
committee not feeling themselves au,horis-
ed to enter into such terms, and Judging
that the extent of these propositions would
better apply to the details of bill than to
the adoption of principle, to be first set.
tied by the house, have therefore foreborne
toenquirs into the extent of the propositions
and without expressing, an appreciation or
rejection of these offers, or giving an OPT,
nioa as to the plan and reasoning Of tho
secretary of the treasury, your committee
in order that the opinion Of the house GIN
thisgreat national question may be declar-
ed, previous to entering into the details
connected with the subj<cs, recommend the
following rhsolution: =. &:
Resolvcd, That it IS prsper to- make
provision for continuing the. establishment
of the bank OF the UnitcdSsa,es, with Offices
of discount and deposit uadsr the reguia-
tons necessary for the beneficial admins
tra,ion OF the national finances during such
tine, aud on such conditions as may be de-
fined by law. This report was com,
Matted. -,
Propositions to RelEgsrenss, &c.
The following message was received
from the preaidcnro Of the u. States:
70 the House Of Representatives .e}Me u S.
fraasmit reports of~the secretaries of
state snd Of the treasury, complying with
your resolution Of the fifth inst.
= JAMES MADISON.
Fsbruaryi7, lseo.
. DEPARTMENT or STATE,
Fob.u1..,