Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1837-01-19

revolutionary S,cc..s md appeals niu!aT Passih'
w!.ic!. Il. H." rsTy order!y aid dcc"! Wing orha
made ill.,! H.'::rul al tl:r VOTE some disoutl
cc;;rrr IN asairy hch a!if arrest, was pass
cl wiiru: c.,.I.s III any lA7;sr order III t MI
! ter.
| .N.nsiraHs strife Fl tic E0n! n hS t. %"cS'
The State "f Georgia is IN iurrs "n account =" "a
and daring act of this trrrIrnl,nS institution |.
has sought obtain fothod, hy asking The CONSENT
Of the State establish branch III Agency III rs
borders, bat 10y buying up for premium ~ S'oo"":
another banking nsutinn cnargng Us capital l." "na.
extent it p!caSes, and establishing many brac7
in tie Stale it plrnscs-rhis is nlnnsr"ia ailu mo
crabe What would the people Of Virginia say, II th'
Bank TO play the game UPON us-aIa Dy up
the Bank o! the Valley, Tor the purpose" hA;ng lis i"s
among us Let The reader read the following articles
und then Judge Of the course, the alarming courst vi MS
| mOistrouS institution which first Claims immunity HON
the OF the people OF other States by sh'elus
itself under The charter Of PennSylSa and i'r afrS
10 ansyrcss the limits Of another Slate, and To- vi"'
her rights Ivy purchasing upa charter winch she h'rhuea
| !OI very different purposes. :,
Thanks TO the Nliliedgcv;Ie Recorder which, though.
Wing paper has cut boldly against the l"!Fuar1
| IT thus iorcbly states the
"'rhc Insurance Bank of Columbus obtained 4 char
ter some years a5u from the Legislature OF Georgi Tor
the transaction Of the usual banking and insurance. bust
in the of Columbus; by this charter the Bank
las also the privilege Of establishing branches IN any
par! I'll the Stale.
'l'lis is fact No. |.
:Aitrr the expiration IF the charter CT The Bank OF
Congress, the STATE Of FENSsYLrASIA, IN winch tie
principal L. S. Bank had been located, for Il prri!-
paid TO her ~ the Stockholders ui tins deluhcI IN
suon Of FOUR Millions Of dollars, agreed 10 charter
the same b.dy OF men, with the capital, anu grant
ing them ali their Old privileges, Jnr as one Sinc
could confer those privileges upon tie IhlS, rem
sylvania sovereign State, had perfect ght 10 do,
md "!!I the propTiey or improperly OF the act we
have Of course nothing To do.
"But as our intelligent reader will at perceive, If
this mammoth institution were To bc confined IN her
operations to lie limits o. State, The premium Ut iour
millions paying wonderfully dear Tor The privilege
This BOT the first step in the rntcrprzr SIZE must
have branches in tie States. aud do The business OF the
people of the United States, she would be reduced 10
simple State institution her premium gwen away, and
her great inEcd capacities rendered comparatively pro-
livSG. Her grand urct, therefore, has bcen 10 get
foohu!d in the different States Of the Union. This she
las tried in varous ways, and has mostly failed In her
efforts. She has been resisted III Virginia, IN Carolina:
Alabama and would uaqirslionaUly have been resisted
in Georgia, had she MADE the attempt. Fearful al least
of the latter rsu she mad moi applied u Tic authorities
Of this Stale
No wonder the Mlcdseville Federal Union should
openly dcnounce itbccause, Republican paper, 1t
las always gone against the Bank vi the y. S-Sec what
il says
(Erom tic Columbus, Georgia, Herald, 81 instantly
THE Insurance BASK.-Ihis institution has chang.
ed hands, the charter having been purchased by COM.
pany Of capitalists at the head OF whom stands Nicholas
BiLdie Esd President Of the U. S. Bank OF Pcnnsy Iva
The capital has been increased 10 GO0 $50 d"iiars,
and branches established at Macon, Augusta ana Savan
nah The institution therefore, as now organized will
enjoy unusual business !actcs having in It's power At
al! times To check draw bills Oh New York. Phadel
phia, Baltimore Mobile and New Orleans, besides lav
ing the capital ri MIR. Biddlrs Bunk (ihy Sf m@itoES
To back II in all lis operations. with great deal oi
pleasure, communicate to Tie public the information
given b. the President pro tc in relation TO the iu'
operation Of the Bank il is to be conducted purely
and strictly upon Banking principles: scntelcst and
the love Of private gain is 10 be laid aside and the good
Of Ike EGJtic consulted We much ~ want Ol al III
ssiiuton thus manngcd i'll fact II is Impossible Tor bu.
sinrss community to get along and keep itself whole,
| without bank iuc!li.ies and accommodations.
We congratulate tellow-cZcns ugon an
increase Of bank capital, which will be thrown into CIR
cuialion and OF the prospect afforded them OF once
placing themselves beyond The liability ol BEING
| Of the Board which convened on the End instant, and
has been politely furnished US for publication by the
| President pro TEN.
Sat meeting Of the Stockholders Of the Insurance
! Bank CT Columbus, held Il! the Banking House in
terms OF the charter: the End day OF January lc3f
being The Isl Alvntay Of the month:
The second scc,Yn OF the fundamental articles OF
the Constitution Of said corporation read and there.
upon, the following Resolutions were adopted by ma
| jOrity Of the stocknolderS:
RcSOlrcA, l inairiy of the stockholders asserting
thereto That branch OF this Bank BIZ established Ct Sa
vannah, and that the be organized with the least
practicable delay and that branch he established al
AUGUSTA at suc! time as it may appear 10 the Directors
Of the principal Bank for Tie interest Of the stock
!
! Nlacun shall BE- continued.
'RcsO!rcH, That le capital stock be increased to SX
Hundred Thousand Do!las: and that the Cashier o.! ie
Principal Bank is hereby authorised and Instructed 10 Is
sue scrip for three Thousand shares remaining unsod
"cSGietd That the Stockholders proceed forthwith 10
The election of five directors for the Principal Bank al
Columbus, five for The Branch AZ SayanEah four tUr
The Brunch at Macon, leaving for, and n"tLosng The
Board Of Directors 1t Columbus 10 elect Bna'G vi D
rectors and Cashier for the Branch at AUGUSTA "hcn
they determine to establish the samt.
'Hcsoietd 1ha! ,>c stockholders proceed 10 The c!cc
ton OF Cashier for the Branch al SaVamnah. ana
| Cashier Of the Branch al Macon.
ain conformity with the foregoing resolutions, the
stockholders proceeded to the election Of Directors io
the Principal Bank and for Directors and Cashiers, to
| the Branches at Savannah and Macon whrrcupon Oh
! counting the ballots the following was the result
Directors for tic Prinripat Bank, at CoiumtaS
| J. 6. WATSON,
JotN w CAmrRELL,
| Thomas iioAEY,
WV. II. HARPER
Directors for the Branch al urannah
JcHy CuMMIHG,
jon: hcP. BEEnE%,
WM THDRYE WILLIAMS,
GEO. b. CUNNING,
SAMUEL ID. CoRErrT, and
JAMES HUNTER, Cashier.
| Directors for the Branch at .hucOn.
AMBROSE BAHER,
CuAs C0TToS,
THos n. BEALL
L. b. WEED, and
JOHN CGWtT.
THO. HOXEY, Chairman.
jos 5. GREENE, Secretary
AT an extra meeting, the members elect for lle
Principal Board OF the lnsuEance Bank OF COLUMBUS
; met -.
! "rEe proceedings Of the Stockholders under date o
| the % inst ha wing been read, it motion
"Reso!ccd That so Ear as it may be deemed necessary
or in conformity with the provisions OF lie charter l
Board unanimously approve OF the proceedings Oh th'
Stockholders, and hereby ratI!y the same. ,
.1he Board then proceeded 10 TIC election oil lIesi