Delaware gazette and American watchman. [volume] (Wilmington, Del.) 1828-1837, 1832-07-13


efficient agent othe Government in its fiscal operations is
calculated the Bank ofhe United Saesinto foreign
bank, impoversh our people in time of peace dissent
nate foreign influence through every section the republic
and in war, to endanger our Independence
The several States reserved the power the formation Of
the constitution to regulate and control titles and transfers of
real property and most not all of hem have laws dsqua
flying aliens from acquiring holding lands within their
limits But this act in disregard of the undoubed right of
the States prescribe such dsquacatons gives to aliens
stockholders in this Bank interest and title members of
the corporations TO a the real property may acquire within
any of the States Of this Union This privilege granted to
aliens is not necessary 10 enable the Bank 10 perform its
public duties in any proper because il vitality
subversive of the rights ofthe States.
The government Of the United States have no constitutional
power to purchase lands within the States except @or the
erection of forts magazines arsena dockyards and other
needul buildings and for these objects only by the
consent of the legislature of the State in which the shall
be- By making themselves Stockholders in the Bank, and
granting to the corporation the power purchase lands for
other purposes they power not granted in the
stuon and grant to others what they do themselves
possess 1t is not necessary to the receiving safe keeping
transmission of the funds of the government that the Bank
should possess this power and is not proper that Congress
should thus enlarge the powers delegated TO them in the con-
The old Bank of the United States possessed capital of
only eleven millions Of dollars which found fully sufficient
to enable it, with despatch and safety perform all the nc
tons required of by the The capital of the
present Bank is thrtyve millions of doars-a least twenty
four more than experience has proved to be necessary enable
bank to perform its public functions The public debt
which existed during the period of the old Bank and the
establishment of the new has been nearly paid off, and
WIN soon Ge reduced Inns increase of capital is
Tb ~. rol pGDe ou1 lor prlvate purposes
should reside and keep their offices because it best knows
en- M presence WIN DC necessary IL cahnot, there-
branches where peases TO perform the public SERVICE with
out consulting the government and contrary its will The
Pp aiu uowM ny e supreme court concedes that Con-
ess CANNOT esaDls BANK Tor purposes OF private specula
ton and GAIN but only of executing the delegated
tP, IN seeidi soveinnieh'' oy the same Piincple,
ylA caio Sqnstluuonay DC eslaphshea or other
Pu . Inc power Wiich this act gives TO es
= W. pracnes III any e.ae without inc injunction or
Vi ue government anu or other thah pubic purposes
70 necessary 10 inc que execution oil inc powers delegated
| :" T M 49,.
me bonus winch Is exaced from the Bank confession
w ace Oh he act, that ue powers granted by 1t are
@ a arc necessary 70 us character Oh hscal agent
uoeS no, TAX us oncers ana agents lot the Pr
h tb =. ano pons u.s. u non au nam @
~ @ charter, ana iat OF tree mlons proposed by
g. ;I ~; O eAa M tne Prviege q giving tne heces-
y cues ior Transferring ue puplc FUNDS rom place TO
Paue wit e o.eu Saes OF territories thereoi ana ior
, e sane IA OF ie puDnc crcuitors, WIN
esL oJ ny eosson OF cainig allowance on account
VI m ueece OF exchange as required by inc act OF moor
I'M ~, oi soStig more penencai 10 he 9tocknouers
Ahe ogm act 1ecares uat u lthe Donus) Is granted I'm
m ,h o ., inc excIse ana dement's conferred
Y @ ao' upon ue sau ohk' anu the act before me ue-
70 DC IN consideration oil inc exclusive Dement'S and
neges continued by TINS act to The SAID corporation for
eHn years us aforesaid is, therefore, ior exclusive
ges ana Dehen.s conferred ior tnelr own use ana emo
ahu hot ior ue advantage Oh inc government mat
eXaced These surplus powers for which the Bank
the fiecnI ,oont IL ha ro,s,r, Ic,,o, ,oro H., g
bonns @ o 81 uio ut E e eAacoh OF
If 4; O S ,noo 1 ts, o p
c,,; H.. y SUM ia :. . y. % 70 y means o eAe
the vsne bereoTS Gnd1O o o anu Y
more ana eSsd oa nIo % .i nc 70 1U
] E "a "s " u .io saiuo I It ho
~ ooi WIN J sauo 30 anu suGi ioeign
th p aaTp re tlo ony currency SHOWN 70
non ooDroS e power le
~ a. ~ 1t Ms " po oAccis9e Dy themselves anu
liz 70 ~ transferred 70 corporation. II ue BANK DC Gsa
nsed LOT tlat purpose WIN charer unaerabie without
us consent, congress nave parted WIN the power Tor term
Ui years. during when inc Constitution IS dead letter 1t
necessary nor proper 70 transfer us Legislative powers
10 Sucn Bank, ana therefore unconstitutional
us SILENCE considered IN connexion with the decision OF
supreme court IN inc case OF cCuoch against the State
ol s act taxes from inc states tne power 70 TAX
portion oil inc banking business carried on WITHIN their limits
IN suDVerson OF one oil inc strongest barriers winch secured
them against federal entertainments Banking IKE tarmlng
nanuiacurng or any other occupation or profession IS
BUSINESS inc right to follow when Is not originally derived
from the laws Every citizen and every company oil czens
IN all our States right until the state legislatures
deemed good policy to prohibit private banking by law 1t
the Pombory state laws were now repealed every clzen
would again possess the right Inc State Banks are quail
ed restoration OF the right which has been taken away by
e laws against Banking guarded by such provisions and Inn
as in the opinion OF the State Legislatures the public
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