The Alexandria herald. [volume] (Alexandria [Va.]) 1811-1826, 1816-11-25

Il
was not here he did not desire il a, all.
because u was increasing capital or
the other side much aiEsr Than our
| own with less active ard commercial
| business 10 sustain it.
Mr.. N KennG remarked that from
! the very general position ASSUMED By
the gentlemen In their report, il could
Sot be supposed they would confue
thSlnselves, ii they could be prevailed
With TO enter upon a discussion OF the
great promised advantages to result
TO the people of Alexandria from tho
establishment Of Branch Bank in tho
District, To declamaiory attacks upo
a particular institution, supposed 10 en-
10y, with the well canned copGdence OF
The goSGrnment, preponderaSing mo-
eicd influence, arising from its mme.-
date conheXion with the Treasury, in
the faithful management Of its fiscal ne
goiiatioRs. he could not see that wo
were 10 be beneiilte by the immediate
translation of this influence 10 a Bank
IN Washington, II had never been a.
6uscd TO oppression, and our expert
snce could not assure US; that when
transferred, Is indeed there really ex.
listed this power, il would be exercised
as judieicusiy and Temporarily. Tie
could wish iha, tbs positive benefits SC
confidently promised 10 Us as arising
from Charge, had been rendered an.
parent, ard not that il should appear
we were eciua,ed IN the course we pur-
sued by local jeaiousiss, or wish &c
diminish the IL fucnce IL, CT wrest from,
an odjoiring town It's advantages, with.
nn' Pr mc,iog essentially tic views we
aeL.aIe 10 2C;uatc uS in advooa,.nc
ihese resolutions. As Farss tic town
0t Alexandria could feel natural into
rest, he coald declare that We had la, &C.
y participated in the very advantages
-,sc were jealous ef.--tbat since the dis
solution Of the Bank Of the u States, at
4east tiree millions Of dollars bad been
drawn from the town OF AleSandtia,aHd
,het through the intelligence and spirit
-nf accommodation which goserped the
executive officers of thai prescribed in
stltuuon, lndc cirg them 10 grsnt every
facility In the negotiation of the drafts
they received, the people of the town
were never sensible OF their operation.
Could no better motive be assigned for
the anxiety 10 establish branch OF the
United States Bank in the District,
than that which originates in an ilibc-
raj Jealousy Of these probably doubtful,
advantages, so much apprehended, and
so repeatedly complained of This is
not detailed in the report, as one Of The
causes oil your soliciIude, and yet il is
the solitary one introduced in your dis
cussion. Why this continued recur-
renee 70 hactnied argument, and why
this reserve to place the question on its
proper looIing---the actual benefits 10
accrue to us by the introduction of this
Branch.
Mr. DenGnLe here interrupted the
speaker and enquired of the chair il
the gentleman was in order. He OBJ
Iected 10 the detailed operations of the
former branch Bank being. brought in-
TO discussion and coDtrasted with that
OF the Bank of Columbia, and appeared
TO wish the question argued upon its
merits without reference to any mode
OF policy which might have been prr.
sued The committee had been APP.
pointed to draft resolutions upon the
broad principles Of which the meeting.
had TO decide, and he did rot see with
what propriety they had been called
upon to assign reasons for Their adop.
ton.
Mr.. Nicholson had come to get in
(crmalion--He hoped there would be a
free discussion, that all the light which
could be thrown upon the banking SUB.
ject might be before the meeting, and
that the gentleman upon the floor
would be suffered to proceed without
further interruption.
The Char decided the gentleman to
be in order, Mr.. NJ. then proceeded-
Georgetown is represented as the
natural rival IN commerce Of the town
cF AleXandria and the preponderating
influence of the Bank of Columbia, is
urged as 4 strong motive for recon-.
intending the adoption of these resolu-
tons. Why this unreasonable jealousy
Of the limited advantages enjoyed by
the people of Georgetown, when they
have been ever used to promote, not TO
Fetard the interests Of this town. No
spirit of hostility is complained Of, no
want OF amity on the contrary, The
experience of those whose emporium
lies enable them to inform yop, express
y declares that they have been uciforiYgv
% GrTnprIIu Z = Il