Alexandria gazette, commercial and political. [volume] (Alexandria [Va.]) 1812-1817, 1816-12-12

snec;;e on the 1st OF next july "liie'
Eas Z 70 be declared BY a proclamatloi
4 me Governor. ;a...h,s
: This motion gave rise 20 cohsluersD's
oiS ~ Deddrige called for the ayes anu
MI saving he had not been very trou.
DO noes ss., - ia that way but he would as
p !. g s.ust tae attention Of the Horse, as
y ss. nugatory propositions that
2 q. ,s had hitherto legislated on the idea
%. y ~ ire reoosing unbeunded confidence IN
Or. ~ directors; but now, It seems, Their
DlI sasace was to be transferred from
s esas Directorsto tae Executive.
Dl TS;s amendment was. supported BY
y..srs smith, Hay. Thompson, {of J
a5 Baker. and epposedby Messrs. bod
d Az scott, Mercer, OF L, and Fucker.
1lIa tor,ner contendins. that all the exc
. -. vould have to to, would De to
ssal a fact; that the Northera Banks
l";sbt. and probably would, pay specs
~ The lst ofJely but thai II they did
O - me banks of Virginia would be com.
RELIED at all events 10 pay specie, and
IN al the risks Of doing il Oh that day.
aoIsss some proyisiqs like this was en-.
a,sfted into the bill. aud that the present
sstste Of the currency was only re be cur
ii h. Simultaneous movement ct tue
ns;ncinal banks. The sater protested
Tr,ainst thus attaching our banks TO those
4 f,he North that our pgide as well a.
;.tsrest torbad cur copsentiGg To tht
naTthern banks iegisIating Tor US tina
me Whole commercial world sas connect
"a ,oeetRer, and il We waited III me
noftbeyn banks resumed theiF pa meats
rSy NOT also wait uoon thase'ot England
M, me true reason ~hy the lst OF July
had been selectei. vas not 50 UGH ffa'
the npr.hern baAks we're 20 pa. specie
hat day. as that The ast lhstaimeht %
the NsiiienaI Bank fsil due On thai day
Il vas asked whether a majority otoanks,
or ofbaakiag capital was coatempl2toa
bythis resolution AID whether a uia
iosity Of banks VAS to decme aSaill''
p2yiag on the Is Of July, although the
mass Of capita. should really oeln favor
ofitP aal II was urged taat tao la"
woald beinyffic,sut IN Nakins TIE eanks
pepare 70 resumption. when that re
snrr6qn was 70 depend on such a te-
me,e contingency.
Tie question was decided by ayes anu
noes, aud determined in the negative
ayes 50, nays fa2.
Mr. Tucker moved to change the day
from the srst of August, which was Of.
posed BY Nc. DOddfidge, and Lost with,
out dirision. F,fhe ground assigned BY
the MAYER, Was, that the directors of the
National Baak might grant 90 days TO-
paying the last insta!ment. and Mr.. j
wished to campel the stockholders TO OBJ
tam the specie elsewhere thaa from GU.
vaults
Dir, Mercer moved 70 stiike out the
lst OF July, aud insert The Goth o. Fc. u,
arg. This, he sand, was rot the same
proposition, as he had previously made.
aud had been negatiYea, because the
present amendment w0tt,l not attach u'
n any respect TO toe pqGcy Of Congress
HE ayes AMI noes were called /; when i
was deteFgined in tie negative, ayes So
nays los.
Mr.. Chamherlayne moved 10 add TIC
new sections 10 the hill, Que OF which
sept to debar The banks from The peaeiit.
ofthis suspension, unleas thcv rad .hc
holders ni all their nmes, hencefarrh +,
De issued. apd Of all their notes nav {,
circulation, TO he computed from the Is
day ofJanuary, 1877, SIX ger cert re
anaam The 6the went 10 provide tia
the hank was not tube subject TO tai.
paynaat OF interest, {: Ear a leneer pe,i
% than that, on wkieh. with ga6el f.it.
anl IN compliance n5tG the tera.s Of 4.
eaaf'er.it shall actual,v ceSame snec;,
Payments 10 iasl'' jt. went INTO
variety Of a,tiaaehcal statements. il
sola'O(t OF h's @ollon, ealing upau til,
mouse 'es'ee the tide Of mercantile Gu
putty, winch bad carried I'll other form,
=. ssAeFhms7t detofeit, &c. The a
saena sls, were ias,, without diri
. s sae question was then taken of
s'"sA'ag zoe oil and ,easiing it thnt
III III, t;' anu : carried ~ithout division
y s,,n ,..,u : u Inc same shape, as il as
: . 'ae "a Saturday, 5 Compiler