Herald of the times. [volume] (Newport, R.I.) 1830-1846, 1833-12-26

"
House Bonds deposited therein, and mas
subsequently transferred into cera,"
State Banks large portion OF the lupI
lie moneys then in the saie-keePing o'
the Bank, with the purpose oil making
them hereafter the permanent dePosl'o-
ries of the public revenue.
The Board Of Directors therefore
deem it their duty forthwith to apprlze
vour honorable Bodies of this violation
Of the chartered rights Of the Stockhol-
ders. and to ask such redress therefore,
as to your sense Of justice may seer"
proper. BY order Of the Board,
n. BIDDLE,
! (President Of the Bank
! OF The u. States.
| Philadelphia, Dec. 9th, 1888.
Mr.. Binney moved that the memorial
be laid on the table and printed.
/. Mr.. Polk moved its reference to the
committee of ways and means.
!, The memorial was finally referr'o 10
i the committee of ways and meahs' anu
ordered to be printed. ,
MIR, Ewing offered the following;
Rcsolred. That the Committee oi ways
and means be instructed to inquire n'o
the expediency Of authorizing ha',oha' ,,
currency of thirty five millions oi dollars
10 he founded upon the fahl oi the Cni-
ted States, and to be unco1nected "nh'
and indie pc ndent of, all direct Executive
, control, except as may 'e required ior
the nomination of directos; said curren-
CIV to be struck, perfected and issued, IN
!, a department of the Miit oi the = h''eo
| States, under regulations to secure an Al,
: impartial distribution 'mong the severu'
= States respectively, according to repre-
sentative population, if the same be re- e,
= ouired: in virtue o the plighted iaith
: and resources of e,ch State, so requ'r-
ino. to the United States, for its redemp-
, ton according to ne legal stipulation on
= its face, and the payment OF sucn no"as as
: to the Treasury Of the United States, 10
: delray expenses and to guarantee ui,er,-
, or responsibility, as may be Prescr'bed,
, and said currency, so authorized ana
, loaned, according to the prescribed ra-
ito. to States requiring its use, when
, loaned to the people through State IN
! strmentaity, shall be received IN pay,
= meot of public lands, and in payment o.
a all other revenue accruing TO the eeno''
al government, and shall be obligatory
uDon the state issuing the same to re-
deem. on demand, at her Office OF dis
count and deposite; which said state o.
flee. when established, under state guar
3 anty. TO loan and to redeem said curren.
O. cv' shall be the place Of deposte Of al
: public money collected, or belonging
: the general government, within the l'nr
e its Of the State where it exists also 10
t inquire into the comparative expedienc!!
D of establishing a national bank based up
on a specie capital, to be furnished b..
the several states, as sole stockholders
thereof, on a scale proportionate to tn.
, repre- sc ntativs population Of each, with
branch in each state /; the institution tt
be regulated in strict accordance with
uniform general rules adopted by Con
gress, under Directory OF state appoint
mcnt, and each state to enjoy the bene'
! fit of capital, and exercise power II
accordance with her vested interes
therein, said committee to report by bil
or otherwise.
/ MIR. Ewing said this was a momen'
tous question. This Union was depend.
ant on no corporations. This House had
the pow er OF creating a SOUND currency
= for the country, IT the local currehc,
= should become disordered. lie could
e show that the institution which he pro-
posed would provide safer and more D.
inform currency than we now had. Ii
r would also enrich the States and pro-
mote the improvements on which the
prosperity of the country depends.
i MIR. McKim moved to lay the resolu'
ton on the table, but withdrew It at the
request of the mover, who then, IN
short speech explained and supported the
resolution.
II Mr.. McKim withdrew his motion tc
, lay on the table, and
= The resolution was agreed to.
The House then, on motion Of Mr.
Stewart, adjourned.
= In SENATE, Thursday, Dec. 10. NJ
TYLER asked and obtained leave to intro
: duce bill to repeal the act for the bet
t ter organization of the Treasury ,approv
3 ed Nav, 1920, which, after some re
t marks by mr.. r., was read twice an
3 re(erred 10 the committee on Finance.
$ STEAMBOATS,
Mr.. Clay presented the petition OF
,umber Of the citizens of ScheE ectady
calling the attention of congress to tn
distressing fact, that almost on every oe
h. casion where there has been fire o
board steamboat, it has terminated !
!, a complete connagration. lie though
the proper course was to send this pet
t;on TO the committee on Naval Affair:
II lNL:la La u.s In he wnuld also exnIes