Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1820-12-05

was postponed &c, and made the orc.,r : Of
The day for Monday next, AT which time.
MIR. j. gave notice il was intended 10 move
for its consideration.
Tue Seuate then went into the conside.
ration OF Executive business after which
il adjourned.
FRIDAY, DECEMBERl.
Mr.. EiJah IL. Mills. a Senator from
Massachusetts, in The place OF MIR. Mel
len, resigned, appeared and took his seat.
BANK OF The UNITED STATES.
MIR. Roberts presented the memorial OF
the Bank OF the u. States, which, after
some introductory matter, concludes by
submitting the following points, on which
they ask relief aud projection from Con-
gress:
list. The charter provides that no Director,
except the President, shalt be eligible for more
than three years in four. This provision has,
IN practice, been found 10 deny TO the Bank
the services OF those men who are best qualified
TO administer its affairs with safety and profit
20 the Institution. Ii is a provision not con
tanned, your petitioners believe. in the charter
OF any respectable banking institution. Ii
was not contained in the charter of the former
Bank OF the United States, and il wonld seem
that the provision OF The charter which for
BIDS tue reelection OF more than tire. -fourths
OF the directors in office at the time of am AN
pual election Ito which Your petitioners have
no ohJecton)is calculated 10 effect all the
ends OF the embarrassing provision from which
your petitioners now crave relief
"2d. Al present there is no authority under
the laws OF Congress TO punish ANY fraud, pc.
cu'ation, or violation of trust, committed by
| any OF the officers OF the bank or its Offices,
| aud on this poiai the state laws are also sup
| pOxe'l to be deficient. Nor is there any ade-
| quate civil remedy tor the bank against its
| their dismissal from office, while the inyesti.
| cations necessary TO their removal indicate to
| them that result, take the property OF the
bank from its vaults, and Withhold il, spend il
and, 1t they please, give il in payment 10 their
other creditors, in exclusion of the bank from
which II has TINS been puroued
80. Undet the charter, IL has been doubt .
ed whether the bank has power TO authorize
| tile Issuing OF notes not sisued bv the Presi-
dent and countersigned by the Cashier. The
| labor and the time necessary to sign notes for
the bank and all its branches, are much great
or than either OF those officers can bastow upou
! that object, and hence the bank has been un-
able To PM In circulation a sufficient amount of
| notes OF the smaller de nominations, which the
puDlic most want and which are best Calculat
| ed 10 serve the interest of the bank II autho.
| rity were given to the Board from time to time e,
| to appoint one OF more persons TO sign notes
OF the smaller denominations at the parent
bank, under the superintendent and direc
| ton of the hoard and its principal officers,
| there would be no public risk, and, il would
| afford all The aid which your petitioners desire
| on the point.
4th, Under the 18th section of the act in
cooperating the Bank, the bills or notes of the
Bank originally made payable, or which shall
have Become payable. on demand, are made
receivable In all payments TO the United States.
unless otherwise directed by act of Congress-
Under this regulation, the power of the Bank
TO make It's capital available, either for its own
p,oht or the pnOhc good, is greatly abridged.
The sphere OF its circulation is limited 10
those places where ~ Is least wanted aud
made to exclude those where il would be emf
uently useful, while the whole currency of vast
| greatly embarrassed
The memorial was read and referred IN
| The comWiliee an finance.
| Mr. Williams, of Tennessee. from tbe
Military Committee, 10 whom had been
referred the bill for The relief ofthe Off :
| GERS and volunteers engaged in The Semi.
mole war, and The bill for the relief of
Robert Purdy, late d colonel in the army.
reported the FIRST with, and the latter
| without, amendment
| MIR. barbour submitted the following
resolution for consideration:
| heso!red, That the committee on the ludicia
| ry be instructed to inquire into the expedien-
asto authorize the President of the United
states TO commute capital punishment for con
| fiDement in penitentiary houses
MIR, RnggLes offered the following re-
| solution tor e DsIderatiaD:
Resoired, That The committee on Public
Lands be instructed 10 enquire into the expe-
| diency OF making provision by law for remit
| ting the interest that has become due from the
purchasers of the public lands in consequence
OF the Inability 10 make payments agreeably to
The terms OF The law aud for giving reason
able Time TO said purchasers 10 complete the
| payment of the principal.
lie motion offered OH Wednesday by
MIR. Roberts relative 10 expenditures on
The public bull iings, was tax up and
agreediio, and Messrs Roberts, Mills, Bur
TsH, Ots, and Lloyd were appointed The
committee IN pursuance thereof;
And the Senate adj burned TO Monday.
NoTiCE....The animal Meeting Of The slockhoIdeT.
~ Of the BANK OF VIRGINIA, viii he held az their