Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1822-02-12
FRIDAY, FEBRUARY 3, 1922.
IN GIN

a communication was received from the
Secretary of State, Transmitting the returns Of
manufactures made TO that Department BY the
marshals-rendered in obedience to resolu-
ton ofthe Senate of the oath ult. which COM
mnnication was, with the said returns on mo-
ton of MIR. RUGGLEs, referred To the Commit
tee on Commerce and Manufactures.
letter was received from the Secretary
of War, transmitting the information relative
to pensioners, required by thc resolution Of
the 10Th uliimo.
Mr.: SMITH presented petition from sun
dry citizens of Charleston, praying for the pas
sage of AN uniform system of bankruptcy.-
A similar petition was presented few DAYS
ago by Mr.. BARBoUR, from certain citizens of
Alexandria.
The bill making partial appropriations for
the naval service for the year 1922, was rccev-
I'd from the House of Representatives, twice
read and referred.
BANK OF THE UNITED STATES.
On motion of Mr.. FiNDLAy, the Senate a
greed (ayes IL, noes l2) To take up the bill to
amend the charter Of The Bank of the United
States, authorizing the appointment of a Re-
SIster and an Agent, to sign and cOuniersign
the notes ofthe Bank and making it penal in
| the officers or servants of the Bank to embeZ-
zle the funds or property thereof. The bill
having been read
Mr.. FINDLAY said, that, in addition to the
provisions contained in the bill under conside-
ration, the Directors of the Bank had, by
their petition, applied for modification of
the 18th section Of the act Incorporating the
institution which relates TO their notes being
receivable in payment to the United States
and, also, so much of the act as precludes the
reelection of directors who have served for
three successive years Before he should
say any thing on the merits Ofthe application
he would take the occasion TO state, that If
the proposition TO incorporate the subscribers
to the bank were now pending, he could not
vote for it. Apart from other considerations,
the doubts he entertained. of the measure
would forbid him. But it was admitted that
this was a subject on which an honest differ
ence of opinion might prevail and as the
law had been enacted by the proper authori-
| ty, bound to support the constitution, who
doubtless acted conscientiously, il was incum-
bent ON every good citizen TO surrender the
| right Of private opinion, at least so far as to
yield a practical submission TO the law to sus-
tain and cherish the institution created by il,
consistently with the rights of the citizens, the
interest 0f the state banks, and without pro-
ducing any Inconvenience 10 the financial Ope-
ratiOns of the government. The bank, Mr..
+. said, had been in operation for upwards
of five years, and experience may have I'M
folded defects in the act Of Incorporation,
which human sagacity could not have fore
seem and any that have been discovered,
think it, said he, our duty TO remedy if it can
be done on the principles TO which have al
| luded. Or, in other words, il we can pro-
mote the interest of the stockholders, and en-
able the directors 10 employ the capital Of the
| bank with more advantage TO the public, and
without ipiurins any one, (which arc the