Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1838-08-04
PUBLIC MEETING.


At very large and respectable meeting Of the
Planters, Merchants, and other citizens Of Charles
ton held at the City Hall, to take into consideration
the proprety of the establishment of an gencv of
the Bank of the United States, chartered by the
State of Pennsylvania, in the City OF Charleston
The Hon. Edw. w North Intendant of the city,
was called to the Chair; and Thos. d. Coney Esq
appointed Secretary.
John Robinson, Esq introduced the following
preamble and resolutions; which, after an address
| from Gen Hamilton. the meeting unanimously a.
dopted.
Whereas, we have regarded with grea surprise
and regret the effort recently made by some Of our
fellow citizens to procure the establishment Of an
Agency Of certain Bank called the Bank of the
| United States and recently incorporated by the
Legislature of the State Of Pennsylvania for the
purpose Of completing her works Of internal i'm
! nroyements and aiding her public charities:
BE IL Resolved, That il is unequivocally the opin-
ion of this meeting that large majority Of the ci-
tizens are opposed to the establishment of any such
Agency in tins ota.e'
Resolpcd That we should consider this measure
as nothing more nor less than an efIert TO plant in
the State of South Carolina, under the seductive ap-
pelation of an Exchange Agency, branch of the
said bank, called the Bank Of the United States to-
tally irresponsible, IN It's corporate capacity, TO our
laws, and enjoying, in effect. the highest financial
privileges, without the payment of one cent in the
: way of bonus 10 the treasury of our own State.
Resolved, That we deem the alleged reason for
the establishment Of this Agency as altogether err
roneous and unfounded VIZ: the equalization of our
exchanges with the North for, aitnGGnh in the
first instance competition might produce the result
for a short period, yet in the end this Agency,
backed by the vast resources OF the Bank of the
United States, would PROSTATE this very COMPETE
ton, and, after having crippled the resources Of ouI
own institutions, it would then, on its own terms
enjoy an entire monopoly of this business--to say
nothing of its substituting ciruclaon for the note;
Of our Banks, redeemable alone at Philadelphia
whilst the Agency in Charleston would have al al
times the means of coercihg specie payments liou
our Banks, by presenting their notes at their re-
l. spective counters.
g Resored, That we should regard the establish
. ment of the said Agency as measure lranght will
tie most injurious consequences TO the Trade, Com
merce, and Agriculture Of South Carolina, and a
u one utterly uncallcd loras our own Banks, incor
pora,ed by our own Legislature, responsible to GU
n own laws, and owned by our own people, are am
l. ply competent TO discharge the high and beneficial
/. services for which they were created
If RESOLVED, That the chairman Of this meeting d.
:, nominate a committee Of five persons, whose dut
= Il shall be to prepare memorial 10 the Legislature
10 to be presented for general subscription to our iel
a. ow.ctzens submitting to that honorable body bet
the policy and justice Of suhjeeting the said Agenc
le to prohibitory taxation in case the Bank called tn
Bank of the United States, incorporated by tn
Legislature Of Pennsylvania in opposition TO III
,e sense of this community. should attempt the estat
o lishment Of the said Agency in this City State.