The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1837-12-25
IS AND PROCEEDINGS
MINUTES AND PROCEEDINGS
or THE
BANK CONVENTION,
Held IN Ms City Of Ne~ York, Nor "a, 1887. !.
(coScLupED)
sArunpAY. Dec. 9, 1881.

SEAL
The Convention resumed the consideration Of the
question to strike out the resolutions reported by the
committee, which was decided in the affirmative
Ayes-vermont, New Hampshire, Massachusetts
Rhode Island, Connecticut, New Jersey, Pennsylva-
MIA Maryland, South Carolina, Delaware-l0
Nays--New York, District of Columbia, Virginia
North Carolina, Georgia, Ohio, Kentucky, Indiana,
B.
When the State OF Maine was called, the chair
man of that delegation rose, and stated they were
equally divided, and that consequently the vote could
moi be given. e
The question recurring on substituting the resolu-
tions offered by Mr. Maren, OF Massachusetts,.
Mr.. March moved that the question be taken on
each resolution separately,
Mr.. A. B. Johnson, Of New York moved to amend
the first resolution by adding thereto the following
words: and that the banks OF the several States will
resume specie payments on or before the FIRST day OF
March next.
Mr.. Howard, Of Maryland, moved the previous
question, but before the question was taken, with
drew it at the request of Mr. Marett, of Massachu-
sets.
The question then recurring upon the amendment
offered by Mr. Johnson, Of New York, II was de-
Carolina, Ohio-3. Nays-Maine, Vermont, New
Hampshire Massachusetts,, Rhode Island, Connec-
iicut New Jersey, Pennsylvania MARYLAND, District
of Columbia, Virginia. South Carolina, Georgia,
Kentucky Indiana, Delaware-l6
The first resolution was then unanimously adopt
ed y a
Mr. Gallaiin, of New York, moved to amend the
second Wednesday of April next" and INSERTING in
lieu thereof the words the first Wednesday of
March next"
Mr., Brockenbrough moved to amend the amend
ment, By substituting the 29th of February, for the
words FIRST "Wednesday of March"
Mr., Eyre, of Pennsylvania, moved division Of
the question, SO to take the question on striking
The question to strike out was decided in the ne
ga'ive. Ayes-Rhode Island, Connecticut, New
York, New Jersey, District of Columbia, Virginia,
North Carolina, Georgia-S.
Nays-Maine, Vermont, New Hampshire, Mas
sachusets, Pennsylvania, Maryland, Ohio, Ken
lucky Indiana, Delaware-l0.
Mr.. Maren, of Massachusetts,, then modified the
second resolution, so as to form the two following
resolutions, 10 be numbered I'd and Sd.
End. Resolved, That in the opinion of this Con-
vention, the present circumstances of the country
are not such as make il expedient or prudent now
to fix a day for the resumption Of specie payments.
Sd. Resolved, That when the Convention termi-
mates It's pres session, it shall be adjourned to
meet in the city of New York, on the second Wed
nesday of April next tor the purposes of then
sidcring, and if practicable determining, upon the
day when specie payments may be resumed
The second resolution, as modified, was then
adopted AyesIVermonla New Hampshire, Mas
Pennsylvana, Maryland, South Carolina, Indiana,
Nays-New York, District Of Columbia, Virginia,
North Carolina, Georgia, Ohio, Kenucky-7
The third resolution was unanimously adopted.
Mr.. ]. Trumblll, Of Connecticut, moved to amend
the fourth resolution, by Inserting, after the word
period the words "not exceeding sixty days
Decided in the negative.
Ayes-Maine New Hampshire, Connecticut,
New York, District of Columbia, Virginia, North
Carolia, Georgia, Ohio-9,
Nays-Vcrmont, Massachusetts, Rhode Island,
New Jersey Pennsylvania, Maryland, South Caro-
lima, Kentucky, Indiana, Delaware-l0
The fourth and fifth resolutions were then unani-
mously adopted. -
The resolutions as modified and adopted, are as
follows
ist Resolved, That the Convention sn.eraAi.. a !
deep anxiety and firm determination 10 accomplish
the resumption Of specie payments at the earliest
period when il may B, permanently practicable
I'd. Resolved, That in the opinion of this Conven-
ton the present circumstances of the country are not
such as to make il expedient or prudentno now to fix
day for the resumption of specie payments.
3D.. Resolved That when the Convention termi-
mates its present session. il shall be adjourned 10
meet in the city of New York. on the second We'd
nesday of April next for the purpose Of considering,
and, il practicable, determining upon the day when
specie payments may be resumed.
4h, Resolved That this Convention strongly re-
commends to all the Banks in the United States
to continue, by proper measures, to prepare them
selves for return to specie payments within the
shortest practicable period after the next meeting Of
the Convention
5th Resolved, That the Banks in those States not
represented be earnestly requested to send dele
gates to an adjourned meeting Of this Convention, and
that the several delegates from all the States be desired
procure all such Information regard to the condition
Of the Banks in their respective States may be attain
able.
On motion Of Mr.. Williams, OF Massac husetts, il was
unanimously resolved That the President and Secrcta-
ries Of this Convention be requested TO carry into effect
the 5th resolution.
On motion of Mr. Galatin, OF New York seconded
by Mr.. Brockenbroagh, Of Virginia, it unanimously
resolved, That the minutes of the proceedings of thfs
Convention be published
On motion OF Mr. Van Ness, Of D. c., the committee
TO report upon the proper measures, &c dscharg-
ed from the farther consideration Of the subject
On motion of Me- Gallatin,of New York, it was una
nmousy resolved, That the thanks oil this Convention
be presented to tho Board Of Aldermen Of the city of
New York for the Of their Hall.
On motion Of Mr.. Galatin Of New York il was una.
ninousy resolved, That the thanks of this Convention
be presented 10 the Hon Samuel Hubbard for the able
and impartial manner in which he has discharged the
duties Of President Of this Convention.
On motion Of Mr. Williams Of Massachusetts, it was
unanimously resolved, That the thanks of this Conven
ton be presented 10 WIN d Lewis aud H. NJ Brent
Esqrs for their services in aiding the Convention as
Secretaries.
On motion OF Mr. Van Ness, of the District OF Column
bia, it was
Resolved, That when this Convention adlourns, it
will adjourn TO meet in the city of New York on the I'd
"Wednesday OF April next CT IL O'Clock, NJ
The President then returned bis thanks to the Con-
veniion for the honor conferred upon him. and
On the motion Of Mr.. Gslla,in, the Convention ad-
journed
SAMUEL HUBBARD, President.
" MI NJ = pa LEWIS Secretaries.
Now York, Dec. D. 1897
LIST DELEoATEs.
From Maine---Asher Ware, Joseph G Noyes-2
L,h,