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


tits before the course Of proceeding
should be determined by vote. If the
Interests OF the district, the town, the
government and the Bank OF The u S
required The introduction of this addi~
uonal capital let II be demonstrated
and no, suffer the meeting destitute OF
information and but very limited re-
presentation Of the ciuzens, by silent
vote to adept this declareto,y resolution
PaIpor,ine TO DC the sentiments of the
people OF Inc town.
1t could DC shewn that The CONNER
cia! interest Il the town would nui
be pgomoted By the establishment OF
this bark, but would on the contrary be
impaired and the growIa ol its com
mcice retarded, That in no view in
which it could be presented. withou,
| the light the geRii.meu OF the com
mit,ce might be enabled TO reflect up
! on it, did il promise any solid sivant
aye, Upon this subject, he SAID. We
need not wander ia The uazc OF coriec,
| ture or entertain ourselves with pruba
bliiuesi Tor we could suRKncn cxperi
encc Tor our guide, as The interests CT
| ibis tova were mctoriOusiy rol adg0EC~
ID ~ the cpeIauoH, CT the tornlci
oraa,h bank. During thai period he
Ia wl.Ish The meso hanIs required from
,hc balks was often necessarily with
| acid 6l lie provision " hich tho banks
were o@pe.lcd 10 make 10 meet the
! cPeattd demands Tor speeds made by
tce oraach 10 the ciV--Nol only we're
the baks compelled 70 withhold tnclr
advances witch Under ether clroam
stances might have beeo safely and Ii
oeraiii made, bat they were frequently
| forced to resort 10 system oil cur
'alimcit ever embarrassing aud often
! rulnoR. Mr.. Nj. further stated lhat
subsequently the Bank Of Columbia
mad stood in the same relation AID !hat
demands 10 the amount OF several mil
lions Of dollars had been so negouatea
as not 50 require tire advance Of a sin-
sle doIltr, and conse que,lly much less
enbarra ssing 20 collecting banks here,
| and our commercial Citizens. Ee also
remarked that the resolutions had mel
With support from quarter that had
generally been hostile 10 all new esta-
blishmenis of the Bank kind which had
lately went into existence in this dis
t,ici.
He repeated, that gentlemen were
again urgently solicited TO communi
cate their reflections and Open their
views upon the subject in opposition
to the novel declaration that they did
| not consider this disclosure incumben,
| on them, or that they should maintain
by argument before the meeting, that
which as committee they recommend
ed for adoption. The preambulatory
resolution vas very comprehensive and
certainly its authors would not refuse
the information they were competent
to afford by that superior intelligence
which had occasioned them to be Sc
lected as trainers OF the report.
Mr.. Longden, in order to ascertain
the sense of the meeting, moved 10 in
scrt in the first resolution the words
" in ne roam Of Aie1anGriq," immedi
a;ely before the words. this District"
He was opposed to having a Branch of
The y. S. B:nk, unless it could be loca-
ted in the town, which he believed was
not the intention, and he could hardly
hate that the establishment here could
be effected.
MIR. Hg6mcn rose IN reply, and stated
the reasons which had influenced his
bostility to tho new paper machines
which had lately went into operation -
tiis hostility arose from a conviction
that they had commenced business