Alexandria gazette, commercial and political. [volume] (Alexandria [Va.]) 1812-1817, 1817-01-09
FROM OUR CORRESPONDENTS
AT WASHINGTON.
Wednesday, Jan. s.


natives was Mr.. Forsyth's resolution
Prospecting the national bank, which
bon will fId in your own paper. as !
gave VS. a verbatim copy of it in any
letter. That gentleman called 1t up
{ is day, and moved the house to al
don't it. The grounds Of the business
as far as have been able to collect
them. arc as follows: The president
aud directors ftaat Institution bay:
ing good reason to suspect that vast
number OF Subscribers to it might be
unable to pay in the appointed time.
that portion OrtheirseeOnd instalment
(which the act Of charter had directed
4 10 be paid in specie, and that many OF
them mig,ht think it less injurious to
Il the n f. submit Ia the forfeiture pre-
BY the law. than procure sPe-
sie at the expencc which such aYast
|Sl,m,nd at ih&t crisis would place up
Ion it. Thought it would be more liberal
( and fair rs we'll rs cXpedicnt to &C
/ cent in lea of specie. the no;es OF
those Subscribers, backed by pledge
8 cgstock. to be forfeited in cases oil hon
\ payment in 90 days. They thooSnt
4 Themselves the better warranted IN
n aajn~ this, because by tie law, as
d sa3m as the bank should go inta oPe-
3 ration, thoss Stockholders might h"r-
y row from the bank, as anaccommoda-
ton to the amount Of their specie de-
Ss.posits: and With that make it good
Il And they probably did this with the
4 less reluctance, because they had Civ
4 eli to thepublic and congress. such
8 uncqaiyoCal proofs OF determination
q f. furnish their Golfers with specie,
suiliciemt to answer all the purposes
+ for which the bank was created. Oy
y sending over to Europe. an aSen! foi
the express purpose ii Buying bullion
and specie. IN order to silt that trans
action to the BOTTOM. and 10 bring Tao
eve of the National Legislature to Dear
upon it, vita Misrepresentation mst
censure, MIR. Forsyth brought Tor
ward that resolution on Mon0ay. an
I yesterday pressed It's adoption' WIT
all his might.
He was supported by Messrs. hH-
bertson, Ross and Root a.,d thraSI
opposed by tlr. Calhoun, Mr.. Groa-
yenor, Mr.. ngham and General
Smith, completely succeeded in his
purpose. his resolution being adopt
ed by 50 ayes to 90 noes: Tor, ut TIC
instance Of t.r. Forsyth. the question:
was taken by ayes anu noes.
Alter that. Motion was made tol
the house aga,n To resolve i,scit into a
commit Z al the whole on =. the bill
TO .mrnd the law OF last session autno-
risiag compensation for property lost
Capiared or destroyed by the enemy
Otherwise called " the claim act, >"
and Sometimes Mr. Lees act. The
house, Probably on account OF the
ldtencSS OF the hour or the still strong
er claims of hunger, neSatiNed tine
motion: when. Uehuld, mTdbiie dtctu,
motion was made to discharge the
committee from the further consider
alton of thai bill. which was without
The least apparent reluctance granted
by the house and So there ended the
functions OF that committee. For my
part could l.ot help cxClaimlng to.
a, self on tie occasion. as | looked
down upon the actors in it from the
Gallery. "What Il quantity OF fine.
talk and time has been expended here
for nothing but the pleasure of vast
ms it -