Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1834-03-27
RECHARTER OF TIE BANK.

On the 18th inst in the Senate, Mr.. WE
SRA rose 20 introduce the bill Of which he
had given notice, and which IL rs follows
II BILL 10 eonfiauc. for The term Of sir
years. the act entitled I'm .7cf 10 ineor-
Porafe the subscribers TO the Bank Of hs
United States"
BE IT ESAcrEp, &e That the act emit
tied IAN Act 10 incorporate the subseri
bers 10 the Bank OF the United States" an.
proved on the 10th day OF April, in the year
one thousand eight hundred and sixteen.
shall continue in full force and effect for
the term OF six years from and amer the
period therein limited for its expiration. TO
wit the third day Of March. in the year
one thousand eight hundred and thirty six :;
and that all the rights. interests. proper
tics. powers. and privileges secured by the
same act. with all the rules. conditions. re
strictions. and duties therein prescribed
and imposed. be and remain after the said
third day OF March. in the year one thou
sand eight hundred and thirty-six, during
the said six years. as if the said limitation.
IN the said act. had not been made: Pro
rided. nevertheless. that so much OF the
SAID act as declares that no other Bank
shall be established BY any future law OF
the United States. during the continuance
Of the Corporation thereby created, shall
not be continued by this act but that il
shall be lawful for Congress, whenever il
shall see fit, TO establish any other Bank.
TO come into existence and operation at
any time. on or after the fourth day Of
March. one thousand eight hundred and
thirty -six.
| Sec 2. Ind be IL further enacted. That
all public moneys accruing 10 the United
States, and becoming payable from and
alter the passage Of this act. in places
where the said Bank, or any Of its Offices
established. shall be deposited in the
Bank OF the United States and its Offices
AZ heretofore; Preceded, that al any time
alter this aet shall have been accepted.
Congress may. by law or joint resolution g.
cause such moneys 10 be withdrawn and
removed to any other custody or place Of
deposiie.
See. 5. fad be IL further enacted. That.
IN consideration OF the benefits and priv
| leRes conferred by this act. the said Bank
shall pay 10 tho United States the annuity
or yearly sum Of two hundred thousand
dollars. which said sum shall be paid, bV
the said Bank. on the 18th day Of March.
/ IN each and every year, during the said
term OF sax years
! Sec. -. 4Hd be u further enacted, That
Congress may provide by law, that the
said Bank shall be restrained, at any time
after the third day Of March. in the year
one thousand eight hundred and thirty SIX,
from msking. issuing. or keeping in eircu-
Iaiion, any notes or bulls Of said Bank, or
any OF is Offices, Of less sum or denomI
nation than twenty dollars.
See. . find be Il further eRaeied, That at
any time or times within the last three
/ years Of the existence OF said corporation.
as continued by this act. IL shall be Las ful
for the President and Directors TO divide
among the several stockholders thereof.
such portion Of the capital stock Of the
said corporation as they may have with
drawn from setiVe use, and may Judge
proper so 10 divide.
II Sec o. Ind be u fivfter enacted, That so
6neh Of any acts OF Congress. heretofore
passed snd noW IN force, supplementary
TO. OF ~ sny wise Connected wnh. the sald
original act Of Incorporation. approved on
the tenth day Of April. IN the year one
thousand eight hundred and sixteen, 40 Is
not inconsistent With this act, shall be
continued 10 fall force and effect during
the SAID six years. snsF the third dsy OF
March. in the year one thousand eight
hundred and ih,riy-six.
orc. q. md BE- " further enacted. That
y shall be the duty Of the Pfesideat and
Directors Of the said Bank. on Or before
The iirs, day o. the neHt session of Con
gress, 90 signify 20 the President Of she
United states their acceptance. on behalf
y OF the Bank of the l'nltsd states. o( the
terms and conditions 10 ihis act contsinrd
and u they shall fail 10 90 90 ou o. before
The day above mentioned, lhsn this eel
shall GEESE 10 be IN force.
Previous % the introduction Of the biz Mr.
WEsstEH addressedthe senate II some length.
lexPoundIng the situation ~ the country, she
d, opinions q The Committee. and hfs Own
views, 20 the prescnialion Of tiis measure
i Mr. LEfeH then gave The rea.obs which
would compel him 20 vote against The pro.
longaiion q The charter q this Bank. N ths
thaftor ~ new ono u me sane i'm. h,
'hfeW Oct the idea that coadilioa OF tb,sr,