The enquirer. [volume] (Richmond, Va.) 1804-1815, 1811-01-29

j
} n'o".' Referred To the committee of the
whole, having the report of the select conn
hlttee on that SUBJECT under consideration
BANK OF THE UNITED STATES.
ms subject was called up and M. .N;.su.
ron made motion to postpone the fur,ber
cohsideratinn OF IL Indefinitely, but with.
drew the motion until more members shu,d
come ia. the House being thin.
| a short time Afterwards
Mr. Garland sa id that on tin very in,er
estl"g subject he thought the House oupht
10 act undesrtandingy and prudently. He
~'shea that they should not precipi,ate the
government into difficulties from wbicI, l.
would be difficult to extricate themselves
he wished they should take at least a Ii,,,e
tine to reflect; thai his t,iend from. vire,nia
lMr Love- should be permitted to 60 ON and
take out his letters of administration. 40
proposed on Saturday, and see wha Could
ue u""e' III the gentleman could shew that
| me government could conveniently carry
on its fiscal operations without the barL
Mr, u said he should be ready to ro with
MN. but until that w re shewn. he did nat
WISH decision to be precipitated. He
'ne'e'ore moved To posr psue the f,. the, con-
sliera,r OF the bll! till the first Of F..br,a
Y There would in the interim be- ii -
see how they could form their pIaos. & how
theV would be able to conduct the fiscal On.
Ieranohs "i me government. If suitable
suos' l'ote should be offered for the purpo-
ses of collecting and transferring rspen, p
/: would be the means of reconc,Ina 800
gentlemen to vote against the hank Us
hopfd therefore the postpone menr would he
ag eed to- '"H oS
M 'Ne7ofon said the House had had am
pie time for II fiection on this snhi.ct H..
did net believe that any altera ion w "rId ~,
wroug"' IN me opinions of members by y
postP"nement. Gentlemen ought to ,eco,-
'e,' n, the Subject had been under cons,de
| '"''on ,or 'hree or tour Years past. Every
one lad revolved it in his mind Sir $50,
Mr. n. know these monied institutio,o
Know what sort ofthings they are. and -,
tHe ime that VIC have had q c,ps;,o 49,.
srhJect l think it all-important tba, w
s""uid come 70 decisive de,ern,;p, tim,
Let me tell you, sir, that Intrigue and .r,;.
fhce VIII wear away he best nr;pc;nia.
ample Tine has been given for il alreadT,
a.'i LOT iaVinS the Legislative axe to The
! .ne " tne eV'i; L am for immedinte,v do
Lns Gus question, and turning to some O
Their business and for this PURPOSE mnve
that the fur her considera i n IF tbs h;i I We.
lr jecfion.) '""' % q
The motion of Mr. Newton sunercsd..
| ha' Of M Garland. 0uPeieeucS
M LoDe said he rose principally ar ,b;e
tine ak for the yeas and nsys In: ms
guest II. lie thought, with the erntjs,,,an
last up, that 1t was highly important ,he,a
s"'u q ne an immediate decision and he
suu I" tif reasons already off; red in
taV"r OF 1t, AN hvr /; is now tbres nao.a
laid he) since Congress were ca,isa eats.
in the most imperative terms to ~. In
TINS subject. In the petition of ,bo
hHaers 'nree year, ago, Il will he rec,Iian
tea h1' II was stated thai unleso . -:
ASSURANCE was given that he Charter -.
he renewed, trey must iDmedia,s,,, 80
mence a curtaIlment of their d,sconn,s a.
| w nave now prog essed to within ahon.
ln Weeks on ne lme when this institut,on
;" .m last 70 Nist' and yet we find by an
NV" vi '"eir accounts that they stand
''ry nearly In he situation in which 80
were a the 'ime the subject was 6rs, 10y
before I nSreSs If This comnan,. ~. -.
| VI nave their Charter renewed tIe 60.
t"ey kho" IL the better. On the OAR, e ,s,
s Wcrnmeh' Ii rs important that az eo,,,, a.
c'si"n should be had, that they NAV 80
the risk of losing revenue t. an ;mn.,, W.
'houht ''r who knew who was tn ad,.,,;.
.er on the assets O. this institution, 7, con
S04o'"Ce OF 'he Nv now in existence Pc
~ Ie uePos'tS o BE- made in the Bark of
- "'"tes ana ITS branches; IN, re
"ooiu soon De within their Control in sr.c;e
and bonds, an amount of ,ix.4en NH;
collars OF he public property. Undcy IRE
sen circumstances, il is highly proper Ina.
immediate measures should he iaken m
"l'horaw these deposits. Every geutleman
ot'ore ms time must have had an onnor,,,-
MY 10 make up his mind and hnpe ,be.
question Will be decided ithout further do
,dy' rs the mind of n gentleman ~ VI,
house uid De changrd by discussion . r.
d. m.pen nat tie question will imme-
2
Mr. Iro"h conceived the moios now
made perfectly proper. He felt. however
ueuer no obligation to- accommodate the
n""A' Inc ACT granting N act of inccgno.
" Vas en- rely voluntary act, and The
uurauon OF 1t 'Itited IN he act Itself 10 q
.erm OF twenty years. II the Bank had ac~
Veu uie part OF an ordinary or discree. mcr-
Cna.t would have taken care, bef re IN,
|e"tFauoh OF us chait,r 90 have wc,,nd mr.,
US business and be prepared 10 NEE ~
event because the Legi .lature mo- 49,
G renew II, having Ell her by the III
nal cnarter' nor by any subse quent act % On
any pledge that It would do SO The R M
not having received any pledge of renewal
87t = nave heen prepared Tor its d,ssoln.
u'n, Il the INST turin had lie wha, thev
ought u nave done, the government ca Ear
as IS onctrn d,"w"uid have prepared IT,
SCH against the event, as he was told il wac
no" about to do. by substituting arrange
ment' "ith tue a banks ftrarrano, r,. A.
vi inc Bank ct the Il. Stteso or is branch.