Alexandria gazette, commercial and political. [volume] (Alexandria [Va.]) 1812-1817, 1816-03-16

\ ~ friendly to internal improve
' ss they could act on the subject
Air Wright and Mr.. Wilde, sue
..ssiyeIy offered some remarks in
s,or Of the motion.
DTbe amendment was rejected by .
.sasiderable majority.
Mr.. Condict proposed 10 amend
,he hill, by substituting IN. York"
Cor 8 philadelphia" in the clause.
shich fixed the location of the bank
!, was. MIR. e. remarked, unneccs-I
.ary TO say any thing as to the con-
.iIepations which Ought TO prevail
!. fixing bank for commercial pur-
noses. He would merely remarks
,h., 10 addition TO the superior COM
,nerse of N. Y. the hank in that ca
= would serve the financial pnrpo-
rs of the government. as we'll as IL
.anId al Philadelrhia. La the lat
,ps eiiy he believed, moreover.
there was already plenty OF bank,
capital. &c.
Mr.. Calhoun observed. that this,
was question on whiph, ne pre-
ahmed, all had made up their minds J;
end il would be superliaous 10 say
anything on il. He hoped, however,
,he ,ne.iou would not prevail. The
old bank of che United States was
established az philadelphia, and he
would prefer that city sor the present
institution.
Mr.. Robertson said that Mr.. Cal
houn's reason for preferring Phiia-
delphia, ii il lad any weight at~ali,
operated against himself; for the
old bank having been fixed 10 PHI
ladelphla was an argument for piac-
iue this bank in solne other city.
that the benefits might not De given
to one place alone; besides. If the
bank was taken from the seat oil go
sernnent, to place il in a more com :
mercial situation, il ought te be
fxed in that city which was most
commercial. But be had another
objection in this ease TO PhliadelphIa,
and. with him. the strongest one !;
this was. he hostility Of the repre-
scntatives of that city to TIE bank
fself He would not consent TO I'm
pose upon place an institution
shich was so OdiOus to them. &c.
MIR. Wright also spoke IN favor of
the motion. and incidentally urged
the high claims Of Baltimore and
Of Washington city. The position
Of the reporter prevented bis being
understood With sufficient accuracy
70 report any-of his arguments.
Mr.. Comstock argued 10 favor OF
New York. as possessing superior
commercial advantages. and the pro
priety Of selecting that city for a
bank intended TO aid commercial &C
sivity, &c.
Pie molten TO strike out Phila
aelnhia aud insert New York, was
then decided 10 the affirmative:
For the molten, 20
Against it. - 81
Mr.. Atherton, with a view to re
strain attempts to speculate in the
sock Of the hank, by persons sub
seribing for more than they could
pa, for. and selling it Afterwards at
an advanced price, and TO make all
the subscription bona fide ones, NOV
ed substantially TO amend the bill
by providi0g that in appOrtionlng
the shares. no subscription should be
reduced as IsDg as there vas ON the
list a larger Subscription.
After few words from Mr..
Smith Of Md who thought the pro
vision would be Intellectual and was
understandable amendment was
adopted, ayes 81, noes IS.
Mr.. Mayraut offered new see I
ion to the bill. the object OfwhichI
vas to allow the FIVE directors ap
Pointed by the government each sa-
larry of dollars, and to prevent
theiF obta7aing any loan or accom- ]
mediation from the bank.
Ia support of bis proposition, Mr..