The Rhode-Island Republican. [volume] (Newport, R.I.) 1809-1841, 1830-12-16

Onneo OtoteS, requires tnat
should again call the attention Of
Congress to the subject. Nothing
has occurred to lesson, in any de-
gree, the dangers which many Of
our citizens apprehend from that
institution, as at present organiz-
ed. In the spirit Of Improvement
aud compromise which dist,n-
guishes our country and its insti-
tutions, it becomes US to inquire
whether it be not possible to secure
the advantages afforded by the
present bank, through the agency
ofa Bank of the United States, so
modified in its principles and struc-
ture as to obviate constitutional
and other objections.
1t is thought practicable to or
ganize such bank, with the
necessary officers, as a bank OF
the Treasury Department, based
on the public and individual depo1y
sites, without powers to make loans
or purchase property, which shall
remit the funds of the Government5
the expences-of which, may be}
paid, ifthought advisable, by all
lowing its officers to sell bills Oft
exchange to private individuals aH
a moderate premium. Not being
a corporate body, having MOI
stockholders, debtors, or property,j
and but few officers it would not(
be obnoxious to the constitutional
objections which are urged d,
gainst the present bank, ,and having
no means to operate on the hopes}
fears, or interests oflarge massesS
of the community it would be-
shorn of the influence which
makes that bank formidable. The
states would be strengthened by
having in their hands the means
of furnishing the local paper cur-
rency through their own banks,
while the Bank Of the United
States, though issuing no paper3
would check the issues of the
State banks, by taking their notes
in deposite, and for exchange,
only so long as they continue to
be redeemed with specie. In
times ofpublic emergency, the ca
pacities of such an institution
might be enlarged by Legislative
provision.
These suggestions are made,
not somuch as a recommendation,
as with view of calling the at
tention Of congress to the possible
modifcationof a system which
cannot continue to exist in its pre-
sent form, without occasional
collision with the local authorities,
and perpetual apprehensions and
discomfort on the part Of the
states and the people.
In conclusion, fellow citizens, al
low rhe to invoke lin behalf ofyour
deliberations, that spirit of concili-
alton and disinterestedness, which
is the gift ofpatriotism. Under an
over ruling and merciiul Provl
dence, the agency ofthis spirit has
thus been signalized in the pros
perity and glory of our beloved
country. May its influence be e.
ternal.
Mr.. HOFFMAN moved that the mes.
sage be referred to a Committee Of
the Whole on the State Of the Union,
and that six thousand copies Of tho
the same, together with the the &C.
companying documents, be printed.
The motion was agreed to; and
On motion Of Mr.. Davenport,
The House adjourned.
Wednesday, Dec. g.
No other business was transacted
in the Senate except the reference
Of the Presidents Message to the ap-
piopriate Committees, and some no.
tees Of bills to be offered tomorrow.
Two or three petitions were also pre-.
sented and referred.
In the House of Representatives.
there was no business transacted.
A motion was made by Mr.. J. w.
Taylor, that the House proceed IA,
the appointment ofihe Standing ConiS
mittecs; but the resolution was laid
on the table, on the motion Of Mh0
Hoffman. who suggested, as the reas
son for his motion, that the recent sf.
rival Of the Speaker, and the state OF
indisposiiion in which he was, REM
dcred him unfit for the labor. at this
moment. The House then adjourps
ed.
Thursday, Dec. o.
In the Senate, tho only business
Of Importance transacted was the aps
pointment Of Select Committee.
consisting Of Messrs. Sanford, Ircdell.
Dickerson, Woodbury., sud ClaytonZ
10 consider and report on the Curl
rent Coins. As q tribute Of respecA
to the memory Of the late Messrs.
Adams and M'Lean, Senators from
Mtccisc,nn, ard vll.,n,. -. IL