Portland gazette and Maine advertiser., 1815-01-30
peIieicsl spiietIlaisv.
Intrrrstiag to all Classes.

1ufefC3Il1g 20 at NtISSCS.
50. reoolfected that soon sfter the meeting
1870. the Secretary Of the Treasury
= efher measures 10 enable the Admins
~ 3 get on vi: their war, recommends
zx..hfahmsnt Of National B Ank. Acco d
.r(ter number Of propositions bill pas
s senate ilssssuiing Bank With CAPT.
y "a millions. uni, millions OF which =
50. af xsecie, tie other Is millions was
~ e JIn;ted States war stock and treasury
the House on the fiasl question f.
- me bal were equally divided, which
~ anne As es<tive this vote w.a al.
.,ds recousidersd, wheseupon M Webster
u Thai he bill be recommended tor amend
"a the merits Il NJ. W'siemsrks II Il
7s..s ID conamens. No hones', inselligen
in deny sheis cssrectness md they iur-
a. infarm alton on stae irlncsples and upr
- &c B.nks witch every une. should De lG
ts1ion Of
Hff. Webster's Remarks
,motion b recommit the Bark Bill, jan
uary 2, 1915.
SpEAkER-Ho viewer the Houfe
1ifpofe Of the motion before it. ! do
rvret that it has been made One
81 intended by it, at leait is accom-
81. Itprefrnts choice to the Houfe,
Eit news. that the oppoition which
sto tho bin in its preicns thape, is
IS undiit:ugulihing hoifiIity to what
nav be proposed as national bank,
hoiility to an inttitution of fuch
less aud dangerous nature, as il is
sed the exiting proyilions of the bill
enabliih.
(hc bll Mould be recommended and
knded according to the ipitsudions
kh / have moved, its principles will
Materially changed. The capital ct
|pr po(ed baak viii be reduced from
TO thirty millions and competed of
kIc ard Cocks in nearly the fame pro-
fisn as re capilal OF the former bank
BIZ United oiaaes. The obligation to
h thirty millions Of dollars to govern
Ii, al obligation which oannot be per-
bed without committing an &C, Of
|ksudcy, vii be truck cur, The
|xr 10 fuipead the payment of its
Ii and bills will be abolifhrd, and the
|mpt and faithful execution CT rs cor
Rs iecufed, as far as from the nature
Kings it can be ieoured The rel
Eion On the faIe Of lis Cocks will be re-
bed, and, as it is a monopoly pFevi(-
viii be made, thar if il fhaIl not
(mencc lis operations in reafonable
the grant fhall be forfeited. Thus
|nded, the bill would efablilh an
tuition, not uniikS the late bank of
United States, in any PARTICULAR
81 deem material, excepting only
|inereafcd amount of The capita.
. bank Of this nature. th uld at
|lfne Be willing to give my fupport.
meafure of temporary policy !; or
spcdicnt to find means Of relief from
refent poverty Of the treafury; bus
: intfikuticn Of permanent intereit and
rance, ufeful to the government
country at all times, and mott
in times Of commerce and prof
In lure, CIR, that the advantages
= could Il prefer. refuIt from any
are greatly overrated 10 lock to
~ Is fouree capable, not only OF
ing circulating medium TO the
~, but ALTO ct iu plying the ways
ue,ns Of carrying on the war, Il
~ It time when the country is
pet commerce. is to expect much
man vii ever be obtained. Sucn
xfough. hopes .aa end obly il
ointment he means o. fupport-
~ expcniive war are not OF quife f..
erquIhtion Banks arc not revenue
esnoct fuPpiy its place they
nend faciiiues to its c,ilction and
|ousion. They may iurnifh, with
ealence, temporary loans to govern
70 anticipation Of us taxes, and
= important aiIiP ance in divers ways
general operations of finance.
are uieful to the fate in their prop
rs and fphere |; but they arc not the
~ Of national income 4
ne sountains Of revenue muit be funk
+ The credit and circulation Of
Paper are the effects, rther than the
osa profitable commerce, and a
ordered fyltem of finance They
Ae proofs Of national wealth. and
efity not the founo cations Of chem.
sser hall attempt to reitore the lai.
ssois OF this country BY the creating