Virginia Argus. [volume] (Richmond, Va.) 1796-1816, 1812-06-11
From the Baltimore Federal easefus.
COMMUNICATED BY r1ous MISSIONARY.
APLAN OF A NEW RANK

A PLAN OF A NEW BANK.
Fshibited for the candid examination of tie
people Of the u States.
Should this intended establishment be car =
ried into operation, there can be no doubt
its general utility. And it will eventually be.
more productive, to the Stockholders than anv
other establishment now III operation The
dividends will be certain and continue to en-
crease; for the bills will be current throughout
this and every other country. And what is a
very singular advantage the proprietors of thrs
Bank will be permitted to draw their dividends
after they remove TO the other world as this
is special favor granted to these only, who
put into this Bank or Banks of this kind, it il
hoped that this circumstance will render the
establishment popular and induce many to be-
come stockholders
1t is proposed to call this establishment. TIE.
Bank Of Charity of the u. States.
A branch of this Bank may be granted t.,
every city, town and settlement throughout the,
Union. And the business Of each branch shall
he transacted by good men chosen annually
from among the Stockholders in each town
The Stock of this bank shall not be confined to
cash, but any kind of goods, especially rsefuE
6ooks and zrsariag apparel, will be accepted.
instead OF cash, IN payment for shares Appli-
cations, or petitions will be received st any
branch of this Bank, for relief in case of fire,
famine, or distress and want of any kind. Aud
the President, Cashier and Directors, shalt
Judge and determine what applications TO ia
vor and what to reject. And if more alJplica-
tions should be made, than the funds Of the
institution can supply, the President will di.
rect the applicant to such wealthy individuals
as have it IN their power at any time, to sun
ply their deficiency, and relieve their wants.
And the President will take care to rive un
the names Of those individuals first, who arc
most wealthy, and who have subscribed least
towards increasing the funds of the institution
They claims of such applicants as live in tho
vicinity Of the branch, where the application
is made, will be first answered, then those mors,
remote, as the funds may increase
It is recommended to clergymen and lavmen-
merchants, farmers and mechanics; to Deople
Of all professions and denominations, TO SUB.
scribe towards increasing this fund Evcn wo-
men and children are called upon 60 lend their
aid They all, at least all who are in comfor.
table circumstances, might cast in a cent or
two each week. And the most wealthy MIGHT
cast in with equal ease, dollar or two or ner-
haps AN eagle week. This would, without
any oppression, constitute a charitable fund
adequate TO the necessities of all.
Should this benevolent establishment be car,
ried into operation, the naked would be CLOTH.
ed, the hungry would be fed, the ignorant
would be instructed, and the wants of liz
community universally supplied.
II IS hoped, that every printer througbout
the Union will give this one insertion tb,t
thro' the medium Of the pablo papers anv a
mendmeats or alterations of the. plan may be
suggested