South Branch intelligencer. [volume] (Romney, Va. [W. Va.]) 1830-1896, 1836-02-27

r II
Cured ia all the amendments OF the
Senate 10 The Bank Bill. il now only
needs the Governor signature 10 be a
law.
PENNSYLVANIA and her Democracy
are Of last dissnthf allied, and Philadei-
phis is made the metropolis Of the U Z
nion.-Nat. Int.
q Governor RlrNEk, on the 18th
inst. signed The bill, Charfsring the
United States Bank, as passed by the
Legislature Of Pennsylvania.
BANK OF THE U. STATES.
From the Phiadel U. S. Gaz. Feb. 20.
Yesterday neon there was gene
raj meeting Of the stockholders Of the
United States Bank, held by adjourn
ment in the sss,ockholders' room" in
the banking house. Mr.. CRowNlN-
SHIELD, Of Salem, Massachusetts, was
called to the chair, and Thomas P.
CoPK and JOHN A. BRouN, Esquires,
acted as secretaries. MIR. President
BipDLE then read 10 the meeting the
ac, OF Assembly charteIing the Bank,
after which be addressed the stockhol-
ders upon the staAe Of the Institution,
lis means Of paying the bonus required
BY the State, Of fulfilling all the duties
which belonged 10 such an Institution,
and Of yielding sufficient gain to the
stockholders.
II is . fact now known to the stock
holders, that the Bank of the United
States has reserved funds sufficient to
elbow for nearly or quite six millions
of bad debts q much larger amount,
il is believed, Than actually exists to
pay the whole of the bonus and sub
seriptions, and the share due the Uni
seA e.~..., ODD hoe uasrarda of t~o
millions left besides its capital stock.
The Institution goes into operation
With immense advantages over one
that is entirely new ; and whiles the
State, 10 granting its charter, has ask
ed and received an amount fully e.
nough 10 satisfy itself, the stockholders
have occasion TO be grati6ed at the re-
suits to themselves, which are so ben
efcial, without Diminishing the advan-
tsges or profits Of any other corpora
ton.
MIR. SERGEANT read series ires-
olu.ions, which he said had been pre-.
pared with great caution by legal gen.
ilemen, TO suit the circumstances OF the
Bank. The resolutions proposed to
accept the charter offered by the State,
to transfer The interests Of the Bank OF
the United States chartered by Com
gress, 10 the Bank of the United States
chartered by the Legislature Of Penn
sylvania, and to provide generally for
all cases tina, might arise GU. Of the ex-
listing and approaching circumstances
Of the Institution, and especially TO
continue in office, With full powers of
action, all the present officers and Di-
rectors untiIthe election under the new
charter should take place. These res
olutions rere unanimously adopted.
HENRY NIXON, Esq. then read Sc
ties OF resolutions, expressive Of ap-
probation, by the stockholders, OF the
manner in hich the business OF the
Bank had been conducted, and OF
thanks 10 the President and Directors,
aud all the officers. These resolutions
were unanim ously adopted.
Mr.. Crowinshield then offered q
resolution proposing splendid service
Of plate 10 Nicholas BiddIe, Esq. for
his services. MIR. c. spoke at some
length upon the proprie.y Of the rsso-
ption.
MIR. Sergeant, in addressing the
messing upon this subject, expressed
his determination, as be had taken The
floor, TO bear testimony TO the public
end private v orth OF The President OF
the Bank, in which he skelched, with
great force and fidelity; the features Of
Mr.. Biddle's conduct in relation 10 the
Institution, and to those who had been
in any way connected herewith. lie
had nsver made an enemy TO the Bank
by his conduc. he had conciliated, by
his manner, anu retained for the Ia
slitu,ion, as friends, those who did not,
unlil the last moment, yield to the pres
sure u party requirements. Mr.. ).
had never seen the President OF the
Bank iIrisaied by abuse, nor alarmed
by menace on the contrary, be had
soothsd The offsuded feelings Of lis
friends, and inspired them with cou-
Isgs when they dropped in the view OF