Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1834-01-09
SuHspAT, DEC. il.
DEPOSITEQ

Mr. BARHoUR, from the Select Committee
on inc oePosites, reported sundry resolutions
RESOLUTIONS OF THE SELECT COM
MITTEE ON THE DEPosITES.
The Select Committee to whom was refer.
red so much Of the Governors Message a, re-
lates TO an agreement entered into on the 22d
Oh October last, between the Bank of Va ssd
IT'S Office 1t Discount Al Norfolk, and the Sc
eretary OF Treasury Of The United States
have according To order had the same under
confederation, and now report in part, there
on, the following resolutions
i. Resotrsd, as the sense Of this Committee
mat The said agreement u injurious TO Che
People ofGshis Commonwealth aud ought 10
be rescinded: that its terms aud conditions
may DO greatly Prejudicial TO tho Bank Of Va
by subjecting its dealings to an inspection
moro full and rigid than that which is reserv-
ed TO this state by the charter of incorpora-
ton that aliuremeRts 10 overtrade and make
excessive issues Of its paper upon expectation.
which may be fatally ilIasory, NAV bring an.
on the country heavy ealamities, and upon
the solyeney Of the Institution perils and ieo-
pardy that may only be averted by submitting
te any imposiiIons however severe, that the
Secretary Of the Treasury will dictate.
=. That the critical examination % which
the Bank has agreed 10 submit lis books. and
tTsHsaeti0Tas, not to the Secretary alone, but
To- any agent or agents, that he may appoint
tending necessarily 20 a disclose Of The az.
lars OF the people, and fiscal means Of the
commonwealth is degrading to the State and
hurtful 10 its citizens and It's several Banks
Ihat the stipulation TO give collateral securi-
" Tor its fidelity and ability 60 perform this
new duty, at the will Of the Secretary. give,
more absolute dominion 90 that federal OH.
Ger over tho acts Of the Bank, aud by the
power, which he retains To disrbarvc IL AZ
pleasure from the service ofthe Government.
the stability Of the Institution, tho rights Of
the Stockholders, and the interests Of the
state, are subjected 10 the caprice Of an indi.
Vbduai holding ofhee under another Govern
mcnt,and who Is IN no wise responsible 10 the
power Of this Commonwealth.
J. That while this Committee diselains
the expression, or intimation of any opinion
"a reference To the constitutionaliiy Of the
existing Bank Of the United states, IA never.
helest oonceises that The power of the Sec
re'aFy 81 The Treasury 90 establish aud sup
py national currency through the agency
otsthe State Banks, or Otherwise, b not sane
TONED BY the federal constitution, and n such
siioRpt be perseverod %, much Of harm NAV
i0eow 90 The good people % this COmmon-
wealth. a. we'll AZ o. ~ other bankiug estab.
,'hu'rnU already Ia existence; BY giving u
u'e laFored Bank an undue ascendancV. over
'he circulating medium Of the eountrg. visit.
"s WIN the evils Of q vicious and spuriou.
ll'.he IN which the spoculs,or, the bro
80 sDa me poltiicias, may prosper. AZ the
gApen'o aud hazard of tie farmer. The lahore
we me- hsnio' and The merchant.
= That The recent removal Of the Federal
~ P',ues rom the bank q the a. STATES and
'''N'He'' ~ me instance, aud upon the re-.