The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1837-12-12
From the ALBANY Argus

THE BANK CoNvENTIoE.-This assemblaee ad-
journed on Saturday, 10 meet again on the second
Wednesday in April next, without efecting the
great object of its convocalion. II has not only not
fixed upon definite day for the resumption of spe-
Gle payments, but the votes OF majority of the con-
vention on various propositions submitted for its
decision, evince disposition to delay return to
redcemable currency to a late period in the next
year, If not willingness the part of majority
of the banks representa- to stand long possible
in their present dsrepuab!e attitude We are ena-
bled to state, and we do SO with high satisfaction,
that the banks Of the state of New York as well as
those of Virginia, Ohio North Carolina, Georgia
and the District of Columbia, are not open to this
reproach From the first to the last, the delegates
from this state were strenuous in their excrtons to
induce the nvention to fix upon day certain and
early day, for the resumption of specie payments
and resisted, by their speeches and votes every eff
fort to delay the return to soynd state of things or
to adjourn without declaring their ability and de-
sire to do so within a certain and fixed period
We are enabled through the politcness of cor
respondent to give the following synopsis of the
votes and proceedings on the more material propo-
sitions before the convention
The convention was in session from Monday i'm
til Saturday, inclusive, six days. Before the ad-
journment the banks Of 10 states were r. presented
by al delegates From this state, Al delegates were
in attendance
At the organization the convention, and at the
adoption OF rules for its government the delegates
from New York resisted unsuccesslullv an order
that the meetings be held with closed doors
The subject of the resumption of specie payments
and the period when, was referred 10 committee
consisting OF one delegate from each state repre-
sented in the convention. The committee consisted
of eighte1 members. In it, New York proposed
without success severally The first Of March, April
and May. A majority Of the committee o. one
delegate from Indiana declining to vote J agreed to
report in favor Of the Isl of July as the period Of
resumption The minority representing states)
submitted counter report, urging an adjournment
If thp
The latter was presented BY Mr. Manuel Eyre the
delegate from the United States Bank of Pennsyl-
vania. ...
On Saturday, motion to strike out the resolution
OF the majority Of the committee of eighteen 10 wit
that the banks resume payments in specie on the LIST
OF July next, was carried ii to l. (the vote being by
staes) as follows:
A6frmatirc--Pe Vermont New Hamp
shire, Massachusetts, Rhode Island, Connecticut,
New Jersey, Maryland, South Carolina, Indiana
and Delaware. "...
Ncgatire-Ncw York, Virginia, Ohio, Georgia,
North Carolina, Kentucky, District of Columbia.
Maine divided. -..
The motion of Mr. A. B. Johnson, Of New York,
that payment in specie be resumed on the first of
March next was reected-New York, Ohio and
North Carolina only voting for it.
On the motion, made b. Mr. MART, of Boston, that
it is nexpedient now TO name any day for the gepe
raj resumption OF payments in specie the vote stood
IL affirmative to negative. The latter were New
York, Ohio, District of Columbia, Kentucky Virgil
MA North Carolina and Georgia They OF course
deemed ii expedent to name such day.
Mr.. Gallatin, of New York, moved to amend the
resolution for an adjournment Of the Convention to
the second Wednesday in April by striking out that
day, and inserting the first Wednesday in March
The motion was lost, 10 TO 6; New York, Virginia,
&c. in the affirmative
Mr. Trumbull, Of Connecticut moved that the re-
solution recommending the banks to prepare to re-
turn to specie payments ut the earliest practicable
day, be amended as TO read, and that day not to
xtend beyond sixty days after the meeting of the
9 H Convention" Lost, 10 %; New Hampshire,