The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1837-12-23

lnvuing the assembling OF THIS convention, De placed
upon the files Of this convention and constitute a
part OF its records.
"NEw YoRK, Oct. %, 1887.
Sir-A a general meeting Of The officers Of the
banks Of The city of New York, held on the 10Th OF
this month, the committee appointed ON the 18th
oil August last laid before the meeting the commu-
nicalions received from the banks In the several
states, in answer to the circular OF the committee Of
the 18th of August last
"Whereupon II was unanimously
Resolved, That the banks in the several States
be respectfully invited TO appoint delegates to meet
on the 9Th day OF November next In The city OF ~
York, for the purpose Of comforting. on the time
when specie payments may be resumed with safety
and on the measures necessary 10 effect that purpose
We pray you TO communicate this letter to such
other banks in your State you may deem proper;
| and leaving the number OF delegates entirely to
yourselves, we only beg leave TO urge the imPor-
| lance OF having every State represented.
"We have the honor to be respectfully, your most
obedient servants,
ALBERT GALLATS,
GEoRoE NEwBoLD
G.. W. LAWRENCE,
Committee"
Mr.. Howard, of Maryland, submitted the follow
| ing resolution:
| Resolved, That a committee consisting Of one
member from each State represented in the conyen-
| ton, be appointed 10 report upon the proper mea-
sures 10 be pursued 10 effect general resumption OF
specie payments, at the earliest period that the condi-
| ton Of the country will with safety justify.
! Mr. Gallaiin, OF New York, moved TO amend the
resolution by striking ou all after the word "upon,"
and insert in lieu thereofthe time when specie pay
ments may be resumed with safety, and on the mea-
| sures necessary to effect that purpose"
Mr. Howard, Of Maryland, called for a division
Of the question: so as to take the vote on striking out
| first.
Mr. Gallatin, of New York, withdrew the propo
siiion TO amend, and offered in lieu thereof the fol-
lowing insert after the word 'upon" the words THE
proprety of designating the time when specie pay
ments may b. resumed, and, decided in the ne
| gatiye.
Ayes-Maine, Massachusetts, New York, District
| Of Columbia Virginia, North Carolina, Ohio, Ken
/ lucky Indiana--9 s
Noes--vermont New Hampshire, Rhode Island,
| Connecticut, Pennsylvania, Maryland South Caro-
| lima, Georgia.
| The question recurring on the original resolution,
il was unanimously adopted Whereupon-
Asher Ware, of Maine, L. Seymour, of Vermont,
Samuel Lord, OF New Hampshire, James Reade, OF
Massachusetts, Noes Brown Ives of Rhode Island,
| John A. Rockwell, Of Connecticut Albert Gallatin,
OF New York, Loe Baker, of New Jersey, Manuel
Eyre OF Pennsylvania, James Swan, of Maryland,
Brockenbrough, Of Virginia, William Boylan, OF
North Carolina, James Rose, of South Carolina
John P. King, Of Georgia, James S. Armstrong, o
Ohio, VIM. Fl. Pope, of Kentucky, Isaac Coe, OF In
| diana, were appointed said committee.
On motion Of Mr.. Van Ness of the District of Co
| lumba,
TWAS Resolved, That 200 copies Of the Rules am
Regulations and List of Members be printed for th
4 On motion CT Mr. Jones Of North Carolina,
II was Resolved, That when this Convention az
journs it will adjourn to meet tomorrow AT twels
| o'clock
On motion, the Convention then adj.
"WEDNESDAY, Nov. 90.
The Convention met according to adjournment
| Mr. Van Ness, of the District of Columbia, sui
miued the following resolution:
Resolved, That Reporters for the different city pc
pers, be admitted TO seats in the lobby OF the Cor
vention or such of them as may desire the same.
| MIR. Brockenbrough Of Virginia, moved TO amen
the resolution, by striking out the words ''or such
them as may desire the same" n
i. Accepted by the mover.
Mr.. Howard, OF Maryland, moved to amend II
resolution by striking out all after the word RI
solved" and insert in lieu thereof
THAT the Secretaries ofthe Convention be direc'
ed TO furnish the editors Of the different papers
this city CIR applied for) with daily abstract OF i
proceedings, for publication.
A question OF order bang raised by Mr.. MaIet
i of Massachusetts, Mr. Howard withdrew his amend
men and moved to lay the resolution ofthe gentle
man from the District of Columbia on the table
Decided in the affirmative
i Ayes-Maine Vermont New Hampshire, Mas
sachusets, Rhode Island, Connecticut, New Jersey
Pennsylvania, Maryland Virginia, North Caroline
South Carolina, Georgia, Ohio, Kentucky, Indian
Noes-New York, District of Coumbia-2
MIR. Howard, of Maryland, then submitted the fol
lowing resolution
be directed to furnish the editors of the different pa
pers of this city, if applied for, with daily abSrac
Of is minutes for publication.
Mr.. Ware of Maine, moved to lay the resolution
on the table Decided in the affirmative.
Ayes-Maine, New Hampshire, Massachusetts
Rhode Island, Connecticut, New Jersey, Pennsylvt
MIA, Virginia, South Carolina, Kentucky, Indiana
| IL.
Noes-vermont, New York, Maryland, Distrie
Of Columbia, North Carolina, Georgia, Ohio-7
On motion Of Mr. Gallatin of New York,
1t was Resolved That when this Convention ad
journs, it will adjourn to meet tomorrow at hal
past IL O'Clock.
On motion of Mr. Gallatin, of New York, til
Convention adjourned.
THURSDAY Nov. 80, 1887.
The Convention met according to adjournment.
Mr.. Van Ness, from the Committee appointed
report upon the proper measure to be pursued
effect general resumption. OF specie payments" d.,
Reported the following resolutions, and requeste,
that they should be considered Report in part:
lst. Resolved, That il be recommended TO tn
banks of the several States to resume specie pay
ments the first day OF July next, without precud
ing an earlier resumption on the part of such bank
as may find it necessary, or deem it proper.
ID Resolved, That committee of delegates be
appointed, whose duty it shall be to correspond with
the several banks and 10 collect all the necessary in
formation concerning their respective situations and
the rate of foreign exchanges, and who shall bs
thoriZed, if they deem il necessary, to call giving
thirty days notice, another meeting of this Conven-
ton, inviting the attendance of delegates from tbe
banks of the States not represented at this meeting
3D. Resolved, That Notwithstanding the forego-
ing resolutions il will be the duty OF each and every
bank in the United States to specie payments
at the earliest period when their own means and the
state Of the exchanges will enable them 10 do with
proper regard TO their own safety and the interests
Of the community
On motion of Mr.. Eyre, Of Pennsylvania, the reso-
lutions laid on the table, to enable him to pre-
sent Report and Resolutions from minority of
the same committee.
MIR. Eyre then submitted the following Report and
Resolutions
The minority the committee, to whom the reso-
j luton of Mr.. Howard, of MARYLAND Wns referred