Alexandria daily gazette, commercial & political. [volume] (Alexandria [Va.]) 1808-1812, 1811-09-26
THURSDAY MORNING, September 90


THURSDAY MORNING, September 90.
The Legislature Of Massachusetts, at their
last session, granted charter to Banking
Association, with q capital of Three Millions
of Dollars At the head of this Association
is the Honorable William Gray, Lieutenant
Governor of the state. So enormous Capt.
tai, distributed too on principles of favoritism
towards the ruling, faction, has excited con-
siderable alarm among the rejecting part of
the people of Massachusetts,. To shew that
their fears are not gronndless, writer in the
Worcester Spy, IL discussing the subject, fur
nishes the following anecdote:
!" During the last Session, and while Mr.
Gray's application FOR his new bank was pend
ing before the Senate, petition was present
ed by gentleman belonging to Boston, stat
ed that he had recovered Judgment against
the Penobscot Bank, for upwards OF three
thousand dollars that he had delivered his
Execution to an officer, who had been to the
Bank, and demanded payment ofthe Cashier;
and that he had been conducted into the vault,
where he found FIFTY CENTS IN SPE-
Gle AND NO OTHER PROPERTY TO
SATISFY THE EXECUTIONS! The pc
titionsr, being without remedy, had applied
to the legislature for relief The facts were
not controSerted, and an order Of notice had
been granted upon the petition, before the
Senate voted to grant to Mr. Gray and his
neav associates, the privilege OF practising ST.
Inilar frauds, if they should think proper, to
the .stupendous amount OF Sixty MIL
LIONS, instead of three hundred thousand
Dollars! So rnuch for the security resulting
from the name and character OF MIR. Gray "
To have better understanding of this sub
ject, it is proper TO state, that Mr. Gray is
President ofthis same Penobscot Bank, whose
funds were found to be in SO .fourishins con-
dition. FIffy cents IN specie in the vault
ola Bank The principal Stakeholder, as
it appears Mr.. Gray is, might well be soli-
citous to be at the head of another institution,
on a larger scale
The Aurora states, that new Coalition a.
ea;nst France, consisting of England, Den
mark, Turkey, and Russia, " was on the tapis,
and the terms every thing but ratified, when
the French Emperor demanded answers OF
Russia to three questions
Would Russia enforce the continental sys-
tenn!
What was the object of the Russian arma-
ments !?
Will the emperor of Russia admit French
garrison at Riga, to complete the chain
from thence to Altoona, fol the purpose
OF completely excluding British COM
mercef
To these questions Russia answered that
she syouLd NOT G.!asit F''ench garrison m'0
Riga.
Co,emporancousw with this answer, the Whoic
disposable force of Russia IN contlgulty TO the
frontier, were ordered to march tor Poland
Now, as Russia returned but enc answer to
these three questions. and that peremptory
one in the negative, the public would GER
tainly be gratifed to hear from the Colonel
or some of his /" Correspondents at Paris,
how matters at present stand with regard to
the Coalition. Has it been abandoned, aitho
the terms were once, it seems, on the point OF
ratification! Or is it still in agitation Sup
posing that Colonel Duane's information Is
correct, the latter appears to be the proper IN
ference. from the decisive refusal OF Russia
to comply with Bonaparte's demand and her