Alexandria gazette, commercial and political. [volume] (Alexandria [Va.]) 1812-1817, 1816-08-23
4 ALEXANDRIA,.
FRIDAY, Areusr IS.
STATE BANKS.

Tho Convention OF delegates from the
,.,ls Of New.lork, Philadelphia and
SsIfuore, which lateIy met N Phiia(tei-
~. decided to postpone the resumption
sF.r,ee payments until. at the earliest,
a. TIstof Iu!s next. II he decision was
.romnuaicated, as stated in an extract
from BaIiimore paper, published lo'hiH|
.per on the 10th inst. 90 the seofetafy
5tAs Treasury but We understand that
4, Secretary was far fi@ih approving T.,
!, sIseesting, that in tie discharge OF
Is atScial duties. he could aegutesce m
s. prsDosed arrangement. The deolslon
!, IN manifest collision with the measures
afAe legislature, for establishing the
Rank of the United States, and for the
nl,ctior of tie revenue. IN the laWinl
Nuency; and Mr.. Dalias,s view oi It's
elects nay be collected frnn the express
SANS Of a letter ahich he has addressed
bRe Bank Commissioners al Fhiladel-
mia; and of which the following IS a CO.
s.-Aationct Illtc!lisenrer.
litter from TIE Secretary D lie Trses't-
RI 10 the Bank Commissioners at IN
iadstphia.
Treasury Department,
18Th Aug. lSi6.
ctsrlEMnN,
The Information cOmmunica ed 10 thls
1susrtnent ,enders it probable, that in
Se course Of a few days, the sum II
saOO 900 dollars IN god and silver coih,
,nd in the public debt, will have been
actually received. 90 account of the sab
Sriptions 10 tue capital of the Bank o!
the United States, exclusively of the pub
lie subscription !; and it will then be
four duty TO notify tine and place
within the city OF Philadelphia, for the
election Of the directors, who ace chosen
By the stockholders. As an incident, in
lie performance of this duty, il is pre-
gred, that you will deem it proper to
provide suitable building FOR eommem-
chg the business Of the Bank, at the
place designated for holding the election,
and coa!orming TO the general natuse OF
your trust, you will, no doybt, be dispcs
ed to make such other preparatory ar
nrsenents. will facilitate ard accei-
eatc the operation 0. the institution. It
Is, indeed, OF high inporanceto the peo-
ple as we'll as to the government that
Tie Bark of the United states sheald be
IN an orgagized and active state befgTe
he Goth of Februa y pext, when the pa
per Of tie State Banks, which have rot
rtuTaed to metallic payaen's, mast be
rejected in the c;tectisn OF dates and
hxes; and when such Banks will, uRa-
'Oidably, cease to be the dergsitaries OF
public revenue.
In this view df the subject, | am au-
tNked by the President 10 recommend
that you cause to be prepared such books,
enSTayings, and paper. as you shall deem
Necessary for the commencement OF the
Ssness Of the Bank, as soon as the tl-
netors shall be chosen by the stockhoid-
es. 1t however, an opportunity occurs,
HsIibe proper TO consult he directors
sSO have been appointed by the govern
aent, although lot menhers Of Yoarboard,
'Pon the measures pursued, IN conse-
Pepee Of this recommendation.
NTH the advantages Of the proposed
ahcIation, it's believed, that the Bank
StAe United States NAV be in operation
@iOre the lst of January next; and a
nope Is still iadulged, that the State
Asaks whether conform to that event,
TyadOpt the period contemplated by the
Isisature the Goth OF February fer a
S1sraI resumption ct specie payments.
ila'e the honor to be, Gentlemen,
s'y respectfully, your most obi sery't.
u A. ]. DALLAS.
'Aessrs. Jones, I
Willing, SCom'rs, Sc.
Lelper, &
Evans.
Ksatueiy Election.
letters from Kentucky say, that Mes
staFs Clay and johnson have been re
s S@'ed to Congress !; the former by q
ySrity OF SIX or seven hundred, and the