Alexandria gazette & daily advertiser. [volume] (Alexandria [Va.]) 1817-1822, 1821-01-16

which operated on the committee Ch
finance in recommending this bill. the
reasons in favor Of its prtvisi"''s, anu
tb,.se hich induced tn" COMMITTEE not
tn recommend the other two objects i'e.
toned for by the bank.
sir. Roberts moved to amend the
bill by adding thereto the following
sections
Sec. S. Be it further enacted, That
the bills or untes Of The Offices ut dis
count and deposit of the said bank, ex-
cep,ing tEuse on the Office in the dir
trict of Columbia, originally made pay
able, or which shall have become pa, a.
lie on demand, shall be ceivable III
all payments to the United States, on
~ in the states and territories in which
they are made payably, aud in The
states and territories in which no once
of discount ard deposit shall be sta
bl;shed any thing in the fourteenth
section of the act Incorporating the
subscribers to The bank of the U. States
to the contrary notwithstanding. Pro-
pided: That all potes of the denomina-
ton of five dollars. issued either by the
| bank or any Of its oflice.of discount d
deposit, Iii AIDE pay able on demand, shall
| be receivable at the bank or any oil It's
Offices. And provided further, That
it shall not be lawful tor the directors
of the said bank to establish more than
| one sfice of discount and deposit in a.
ny state, without the consent OF the
legislature thereof first had and obtain
ed.
Sec. 4. BE it further enacted. That
so much Of the second and fourteenth
fundamental article of the constitution
| of said bank, contained in the ith
section of the act Incorporating the sub
scribers thereto, as provides that no
director of the said bank OF any OF It's
Offices of discount and deposit, shall
hold his office more than three years
out of four in succession, be, and the
same is hereby repealed.
Sec. 5. Be it further enacted, That
the director of the said corporation
shall cause list Of the stockholders Of
the said bank, together with their pla-
ces of residence to be kept in the bank
ing house, at Philadelphia. open to the
inspection Of any and every stakeholder
of said bark. who may apply for same
within hours of business, for at least
ninety days previously to every annual
election OF directors; ard no person Who
may be entitled 10 vote at any election
for directors of said bank, as attorney,
proxy, or agent, for any other person,
copartnersbip, or body-politic, shall as
such. give greater number than -
votes. under any pretence whatsoever;
and no letter Of proxy shall be of any
force or effect longer than - years,
or until it shall have been revoked.
Sec. s, Be ii further enacted, Thai
whenever the said corporation assent
to the provisions of this act. aud certi-
~ such assent to the secretary Of the
treasury department. BY writing, duly
authenticated, this act shall be of
full fyrce aud effect, and not other
wise.
Some debate ensuing on this propo
si,iyu as well as on the bill itself,
motion prev allied 10 postpone The bill
to v etlnesGay, that the amendment
might be printed; and
The hiii VA, postponed accordingly.
Mr.. Sandford having laid before the
senate suudry papers Connected with
the subject of this bill, which had been
communicated TO the committee of fl
nance b, the bank OF the United States
10 enforce the e1pediency Of granting
lhe objects prayed for IN their memo
rial
SIR. Otis moved that these papers be
printed for the use Of the senate.
Sir. Barbour mo, ed that all tile pa
pers submitted to the committee on Ii.
nance by the Bank, be printed.
This motion was understood, by the
DEBATE which ensued Oh it, to refer to
particular paper which had been
communicated to the Committee by the
bank, with request that il might be
received copiideniially; which paper is
understood TO contain a statement Of
frauds committed Oil tue bank, aud the
names OF tho e persons or officers who
committed theai.
4 good deal of di ;cussion took place
on this motion aud many gentlemen en-
tered into it. The debate turned pr;n-
cipally on the propriety If making
put. information of thu personal cha