Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1832-01-16
22ND CONGRESS-.
emo
IN SENATE.
MONDAY. JAS1ARY 1889.
''t'shN - 800 Ahi ~ if7o-s ca
BANK Oh THE UNITED STATES.


Mr. DALLAS presented the following IN
riol from the President, Directors, and Company
ofthe Bauh oflhe Un,lea States
he ScHote and Hoase Fl Representatives. ofhc
% taiicd 'sfates, ~ Congress assembled
The Memorial Of the President, Directors, and
Company OF the Banl, of the United States, IN the
namt and IN bahelf of the Stockholders of the Bank.
respectfully represents
'Fhatthe Charter Of the Bank beng about to ex-
pre-, on the 4lh of March 1896 your ncmorialistS
deem hclt duty 10 invite the attention Of Congress
To lts renewal
Tho General considerations which caused the es-
adjustment Of the Bunk the manner IN which it
has executed the dulcs psslgncd To l. aud the rea-
SONS winch recommend IFS conllnoeneo your
mrmoaolsla orbear TO disars, since, of these sub
ccts }our honorable bodies arc note competent and
appropriate Judges They viii therefore merely
state the views which induce then application at
lhsiime.
une' the question ia decided by the present
| Congress no defnuye action upon II cnn be exnec-
ted until within two years of the expiration of tho
Charte-- pcfiod before wbirh in tic opinion Of
your memoralists, IT Is highly cxpedlent, not
" N reference To the institution Itself l'ut To tho
more important interests of the nation that the de.
termination OF Congress should be known. indie
pcndenlly OF the nllucuco which the Bank wns
designed to possess, and whichit necessarily oxer-
rlscs over the stole of the currency, 10y which all
| th, peemIury transactions of the community aro
| regulated, its own immediate operations con-
nocted intimately with the local business of almost
every section Of the United States, with the CONF
mcreiaI interchange bctwecn the several States.
and the intercourse Of them all with foreign ma
| l0ns
OF the value To the community, of the system
which, after long ant anxious efforts md at great
pccunary sacrifices, your mcmorl0sts have mt
length succeeded IN establishing, IL Is not for them
| to speak their more immediate purpose ia TO rep
resent, rs they do, most respectfully that the con
lnuonee or destruction of that ~ stem, thus wide
| ~ dlsed through all the avenues Of the produce
tive industry oi the country affecting all tho rea
tons a public revenue aud private income, and
contributing TO give stability 10 all the rcwards or
labouf, Il an object Of general soicitude IT, salts
fed with the practical operations ofthe institution,
your honorable body shall deem 1t worthy Of contn-
uonoc It seems eXpcdlcnt NJ relieve the country, 10
soon may consist with mature dellheration, from
! the uncertainty IN which all private transactions.
and all public improvements, depending on the tit-
turc condition Of the currency and amount of capt.
tai dsposubo for those objects, must necessarily
! be- involved until your decision IL known II, on
the Other hand the wisdom of Congress shall deter
mine that the Bank must ccusc to exist 1t il still
more important that the country shodld begin early
to prepare for the expected change and that the
institution should have rs much time as possible to
execute the duty always very delicate and diff
cult ono of oldne the community 10 seek new chm
noIs Of business, aud, by gradual and gentle move
ncnts to press with the least Inconvenience on the
great interests connected with IT,
Under these impressions; they respectfully re-
quest hht the charter Of the Bank may be renewed.
by order Of the Board of Directors
Nh DALLAS said, that being requested to pre-
sent tins document to the Senate praying for re-
nc~al Of the existing charter of the Bank he begged
to be INDUCED IN making few explanatory re-
marks. With bhesltatng lrankness, he wished
It 10 be understood by the Sonaio by the good
commonwealth which II was alike his duty and his
PRIDE iorCprlsanl whddelity on that floor Il by the
people generally, lhal this application, at this time
had been Encouraged by him. Atfdated mainly.
If not eHclus,vely, by desire topr6sorve TO tho
nation The practical benefits Of the institution the
cHpedieney OF bringing 1t forward thus carly in the
term Of It's Incorporation, durng popular rcprescn-
talon III Congress Which must coasd to exist SOME
years before that term capnfs aud ON the eve of all
the excitement incident 10 great political move.
mont, struck his mind as more than doubtful He
felt deep eollctude and apprehension, lest, in the
progress OF enquiry and IN the development Of
views, under present circumstances, 10 might be-
drawn INTO read or imagined conflict with some
higher, some more iavorite, some more Immediate
wish OF purpose Of the Amorcan People
And from such n conflict what sincere friend of
tins useful establishment would not strive to save or
rescue II, by at east temporary forbearance and
delay Nevertheless, his conscious inexperience
IN the forms and contingencies of egslaton inspr-
cd a distrust Of his own Judgment this merely
| preliminary point The determination of the par
ties interested may be, nay must be- wiser and bet
/ ter and he could not but feel strongly impressed
by the recollection that the Legislature of Pennsyl-
vanla recently and in effect unanimously, had
recommended tberoncwal of the charter of this Bank
/ Tie became, therefore, willing as he was virtua-
| ly an Instructed agent IN promoting TO the extent
OF his humble ability, an object which, however
! dangerously timed ~ introduction might SEEM was
IN Itself as he conceived, ened to every CONSIDER
| alton and favor.
Mr.. d. concluded by moving that the memorial be
read and be referred to a Select Committee of five in
number, and that the Committee have power to send
| for persons and papers,
The memorial having been read and the reference
agreed to-
Mr. DALLAS movcdthat the appointment og lie
Committee be postponed iii tomorrow.
Mr. BELL SAID he was not aware Of any reason
! Tor the postponement and none has been as.-
signed tVr II, he could perceive propriety in the
postponement, 1t Uodld also, be thing unpre-
! ccdented IN the Senate and unless some reasons
were addsced in favor of the posttonemsnt, he
should prefer that the Senate SHOULD utt6rdingtoit
usage proceed at once to the appointment OF the
commute. -
The question beng pl' on The postponenosf :;
was negatived, Ayes Is, ,fes2i