Phenix gazette. [volume] (Alexandria [D.C.]) 1825-1833, 1825-09-06

YOU say we must CO., we will go-but If you
do not say we must go, the soldiers of your
government can kill us on our land, but their
b~ayonets cannot move u.s."
A t~riennial meeting of the stockholders OF
the Bank of the United States took place at
the Banking house, in Philadelphia, on Thurs
day last, when Mr.. Biddle. the President OF
the Bank, laid before the meeting an exact
and particular statement of the debts which
remained unpaid after the expiration ofthe on.
ginal credit, and of the surplus of profits after
deducting losses and dividends. He also gave
the meeting a full account of the affairs ofthe
institution; its operations since the last trien-
NAL meeting; its present resources and iabi-
Gties; and its future prospects The follow
ing resolution was offered by Mathew Carey,
Esq. seconded by II. Binney, Esq. and una
nimously adopted:
. Resoired, That the thanks of the stockhold-
ers be presented to the President and Direc-
tors of this Institution, for their able, faithful
and successful administration of its affairs, so
satisfactorily developed in the luminous state
ment of the President.
Mi. Binney assigned as q reason for second
ing the resolution, that it was obvious the pro-
fits of the institution had materially increased
! since the last t~rennial meeting OF the stock
holders, and he conceived this to be in a prin-
cipal degree the effect Of measures of the
Bank which had for their object the augment
ed circulation ofits notes, the increase of prl-
waite deposits, and the extensive purchase OF
domestic exchange, in which a part of this
circulation was benefcially employed in the
| southern and western parts of the union The
result, it appeared to HIM, was that the Bank
was now possessed in its circulation and pri-
waite deposits of a sum exceeding by more
| than seven millions the amount of those items
at the last ~triennial meeting; and from this and
other circumstance, it was easy to deduce
the increase Of from three to five hundred
thousand dollars in its annual nett profits
The subject was moreover to be regarded in
its aspect towards the country at large; for by
pursuing the policy which had led to the re-
suit Just stated, so beneficial to the stock
holders, the Bank had discharged its public
duty by promoting the interests of the CON-
munity at large, and the consequence was, in
addition to the increase of profits, an increase
ofgood viii through the country, which had
been conciliated by the facilities furnished to
it in the transaction of its business. Upon
these grounds, he cordially seconded the mo-
ton which gave the thanks OF the s%tockhold-
ers to the administration of the Bank, as one
thathad been able, faithful, and successful.
The following is an extract from the Presi-
dents enpose, which gives an interesting and
favorable view of the finances of the InStitu-
ton. 1t requires no spirit of prophecy to fore
tell that the stock must rise.
Funded debt ofthe L. States $50, $4,000
Discounts on Notes & Bills of Elk. IS, $4,000
Funds in London 1900
Mortgages 13S,0O0
Notes Of State Banks, 1,294,OOO
Due from State Banks $500
Smith & Buchanan, Williams s NJ
Culloch 90S, 900
Real Estate l,4So,0OO
Banking Houses 1,0ll,OOO
Specie, 4,SOO, OOo
Total So4,36S,O0O
Liabilities of all kinds, including capital and
the whole circulation, $50, 991
Leaving a balance of 4,27l 900
1t appeared that within the last three years
the investments in funded debt, have increas-
ed by a sur of 50, $4,000.
That the Discounts on Notes and Domestic
bills, has increased between two and three
milhons-Besides which there has been u
large addition to the Real Estate.
The debt of 81, 800, 600 due in Europe, las
been paid off, and the European correspon-
dents o fthc bank, have now in hand 4 consi-
derable sum as above stated, to the credit o.
the Bank.
The circulation during the last three years
of nine millions and a half.
A corresponding and large increase has Ia
ken place in the private deposits, amounting
to between two and three millions.
The surplus profits amount now to S555,OO
On TINS encouraging view O1tne nOurlsnl1S
situation of this important public institution,
there appeared to be among the stockholders,
a sentiment ofstrong and universal satisfaction.
We learn from Washington that the pro-
ceedings of the Naval Court Martial, in the
case of Commodore STEWART, closed on Fri
day evening, and that the opinion of the Court
was handed to the President of the U. S. on
the following morning. What the opinion OF
the Court is, cannot, of course, be certainly
known; but from the best information We can
obtain, not a charge, nor a specification of a
charge, will be supported. He will be trium-
phantly acquitted, and the long catalogue of
malicious accusations win serve only to cover
their authors with shame. The opinion will
probably be made public tomorrow.
The Court will resume its sittings to-day,
for the trial ofLt. JAMES RAMAeE, but will be
rol,,aJ En- cayan pnapbar- r.Df,ips Crane