Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1832-01-26
HOUSE OF REPRESENTATIVES,.
FTidoy, January 20.

UNITED STATES BANK
The Speaker laid before the House the memorial of t
Bank OF ennSylyania in favor of the chacrn o the
Bank of the United States. 80
The memorial was read.
Mr.. Wickli:fe moved that the memorial be referred IN
the Committee Of Ways and Means with the following
instructions:
"TO enquire into the cxpedcncy of reporting bill ,o
incorporate Banking Company TO take effect and go
INTO operation alter the expiration of the charter of The
BANK oil the United States, rcservng third of the ca
pita IN said Bank for the United States together with
sufficient bonus the charters third TO e subscribed
LOT sucn oil the stockholders in the present Bank,
may DC cLcn5 OF the United States the other third TO be
taken by such citizens of the United States as NAV de-
sire so TO invest their surplus capitl
"Ihat they also enquire into the expcdcncy of proi
ting the Bank from dealing in or holding real estate ex
cePt tor the mere purposes of Banking Houses and oses
necessary Tor the transaction oil the business Compa-
oi prohibiting the location Of any Branch in any State
without the consent of the Legislature of such State
land Also OF SO forming the charter that the Ieeisa
lures oil the several States shall NAV exercise the
or, when they deem it cxpedient do So of mposinp
iSr ana reasonable tax upon the capital employed any
banK or Branch oil said Bank within the Jurisdiction of such
Sate and also TO subject the corporation to be sued
me District or Circuit Court in any State where they NAV
nave branch located and the OF action accrued 3
Mr. u. Condict called for division of the question
Mr. Wicklie said he could only regard the course of
me gentleman from New Jersey (Mr. l.. Condict as an
nuicaon OF unWlhnBncss TO fairly whole ground
oil re-charering the present Bank or Of charterno
one and to prevent the Committee having charge of the
suec rom taxing the whole into consideration. He on
iOsc 10 eNpldin ms object in moving these
IL was to present the whole matter TO the Committee on
the principle that Bank of some kind is necessary
whether the finances Of the Government can be admins
tered without Bank, he would now discuss. The
question oil rcciartefng the present Bank has been
sencd to the House They have referred If to The Cpo
t,ee Of ways and Means There important con-
sdcrahsns into which enquiry should be made hi said
at great part the stock Of the present Bank is In the
haus o. Sens-ruinor says, than third part lie
knew nothing as TO the fact that large amount was en-
owned nc mad no doubt He knew of no peculiar ol,a.
uoh 's country was under to grant monopoly of this
sUFt y" . corporation composed in great degree of
Se' Ior we next twenty years. any other period
tnsIe was, az s Tune, and as the payment of the nation
al dcO Progressed, there would be more surolus r
our own citizens tbatwoud seek in such am in
stuon, u 1t should be chartered lie knew of mo rea
son why they should pay higher premium to the foreign
ers VINO own the stock Of the present Bank to enable
hetn 70 make this investment He thought Il might be
proper TO bring before the attention Of the committee the
Pen o. charter which would the United States
u 70 our own citizens well those who sockhol-
w. ~ le present Bank as those who not, the adj
1910 Whch might result from new institution in
ol P9lcehng SO exclusively the interest of the 70.
g eG stock 10 the present Bank, had been
H. T. ,',s oAak Shsrtsr was privilege he should
~" WV wv" government he had promised ters could