Martinsburg gazette and public advertiser. [volume] (Martinsburg, Va. [W. Va.]) 1826-1833, 1832-06-21
THE RANK BILL,

I would have been eisht.
The bill, as it has passed the Senate, con
tains in substance the following provisions:
/. The bank charter TO be continued for
| fifteen years, from and after the Sd day Of
March, 1886; that being the day on which
the present charter expires.
2. The directors may appoint two or more
officers TO sign notes less than one hundred
dollars, which shall he binding on the corpo-
ration, in the same manner as If signed by
the president and cashier.
8 The bank is not to issue or put in circu-
~lation any notes, or any checks or drafts, of
a less denomination than fifty dollars, which
shall not, on the faces thereof, be payable at
the bank where issued.
A. The bank aud all its Offices, shall be
bound TO receive, in payment Of balances due
them from other banks, notes or bills Of the
bank of the United States, wherever made
payable en- their faces.
5. The bank is TO hold no real estate Tex
ccpt bank buildings and lands nortgaged, SC.
for a longer period than five years.
6. The bank shall not establish or continue
more than two offices in any one state.
Z The bank is to pay two hundred thous.
and dollars a year to the United States for
the benefits of the charter, during the whole
period of fifteen years.
s. 1t shall be lawful for Congress 10 pro
vide by law, that the bank shall he restrain.
ed, at any time after March g., 1886. from is
suing or keeping in circulation, bills of a less
denomination than twenty dollars.
8. The cashier shall report annually 10 the
secretary ofthe treasury the name of all stock
holders; and treasurer OF any state, on re
quest, shall be furnished with a list Of stock
holders who may be citizens Of such state.
II will be perceived by our readers, that,
with the exception OF the section continuing
the charter. and that authorising the sigma
ture of small bills by other officers besides the
President and Cashiers, all the provisions
and enactmeuts of the bill are limitations and
restraints on the bank, or increasing its bur-
dens. First, as TO the bonus. For the pre-.
sent charter, and for the whole twenty wears,
the bank paid enc million and q hall Of doHofs;
for the new charter, and for the shorter ne
nod OF fifteen years, the bank is to pay W
hundred thousand dollars a year; that is to
say, taree millions IN all.
= The circulation of small checks end or.
dcrs is prohibited.
8. All notes issued at any office shall be
payable at that office
a. All the ofiiaes are bound to receive the
notes OF all other Offices, when offered IN nav.
meht OF balances due from state banks.
.. The very important power is reserved
Tor restraining the circulation of aH bills I'm
der twenty dollars. This provision was in
serted Tor all The alleged purpose Of giving IN
a large portion oil the circulation OF the bank
to The state institutions, IL the states shall be
OIL opinion. that the public geed requires a
withdrawal nom circulation OF all notes IN
Der i've dollars, with a view to the introduc-
tion oil a greater portion OF specie into the
general circulation. I
o.. The ansbe Of branches is limited TO
two IN any one stale.
10 committee oil the whole a section was
introduced for distributing tie beans among
Inc severa! states, according 10 numbers: but
lnis section was subsequently rejected, and
the money IS TO be paid, like other public
MONIES, into the national treasury.
lt seems to US that this bill very fairly pre-
sents The question, whether the bank OF The
United States shall be continued. since it in
'foauces no new cause Of dispute, but, on the
contrary contains several restraints on the
oank' introduced to give greater security to
the public interests Mat. Intel
FERMoNT'-aiter a long triangular struggle.
anu se'eh OF eiSht trials OF strength between
'he t,a'ioiiai Republicans, tue Anti Masons.
al" tne Jackson men, IN the fourth Congress
s'onai district of Vermont, the Nationals
nave succeeded in election Of lIeman ABcn.
oy a majority Of III votes over both the n,
ther candidates. The representation of Yer.
mont Is thus at last Completed. Vhe gentla-
man whois thus elected, is a highly yesnec-
'aoie man, but is not the Heman Allen. for
merry munster of Chilli, and now President
u .ne United States Bank in Vermont.-.M
Y. Com .adU. -
Uaio" Of Paper,.-T The New York Amer;
can Advocate, which has been for sometime
conducted by Redwood Fisher. ESQ. with
hlueh ability, Oh the Tariff side of the cues.
aoh' has been united to the Evening Journal.
ana the New York American Advocate and
journal. will hereafter appear as a morning
papur, niF' jerks conducting the political de-
he-aPPearGace Of The Sea S~ersek.-Cant
= erSason, oil the s!oop Meridian. at New
York, from Charleston, declares that no 1aom
we oea serpent on the 7th instant, of the
aapes oil Virginia, and represents the an.
"'ief'o uescfiO>
hmagTdnfs.-On the Sd inst. fourteen HIM
uFed ana iorty. six emigrants arrived AT New
york from Europe; and on the following d,v
iou' nuhured and twenty eight. The num-
o : winch arrived at Quebec on the oath |
9Th, and 2Sth of Nav. was two thonsani
'ou' hundred and eighty eight.
a case is stated in the Philadelpbian. of a
~ ~ pennsylvania, who cursed his seed