Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1838-07-31
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BANK CONVENTION.

PHILADELPHIA, July I'D, lc3S
At a Convention Of Delegates from the Banks Of Ma
ryand Delaware nnsyvana, and Missouri, held this
day The Bank OF Pennsy vania in the city Of Philade
phia JOHN B. MORRIS, Esq, of Baltimore, was ap.
pointed President, and ELinU CHauScEY, Of Philade
phla. Secretary.
The following communication from the committee Of
Banks in the city and county of Philadelphia, read
THE undersigned, committee authorized by the as
socia,-d banks OF the city and county OF Philadelphia
to invite tie Banks Of Boston, Providence Baltimore
and Richmond and such others the time admits Of to
meet the Banks Of Philadeph in convention in this
city, on Monday the 23d Of July instant consult upon
the measures 10 be adopted for early and simuane
Gus resumption of specie payments
Report, That in npliance with the foregoing nsruc
tons copy OF the resolution and invitation TO meet
this convention were Immediately transmitted to the CT
ties enumerated above 10 all the hanks Of Pennsylvania,
to Connecticut To Delaware to Charleston and TO seve-
raj of the Western States, from whom communications
had been received former occasion. Answers ha.
wing been received from Boston, Providence, Norwich,
Baltimore, Winchester, Richmond, Lexington Ky,
Pittsburgh and other parts Of Pennsy lvania hereto
annexed From this correspondence will be seen, that
all the Banks consulted, have concurred in the opinion
their respective institutions whether actively repre-
scented in this ntion not will cordially operate
with the banks OF Philadelphia and assent such Pc
Rod as shall be selected by the convention for the
sumption of specie payments.
(Sgned) THOMAS DUNLAP,
WIN ID. LEWIS,
H. F BOLLlNGSHEAD,
CHARLES S. BOXER,
ELiHU CHAUNCEY,
Committee.
The communications from Banks in Massachusetts,
R. Island Connecticut, Virginia, and Kentucky, referred
10 in the above report, read and the convention
decided that The letters from the Banks Of those States
to the chairman Of the above committee are sufficient
authorize him to vote in their behalf on the questions
which shall come before this convention.
On motion made and seconded, it was decided that
the all questions in this convention shall De taken
by States. each State having one vote.
The following resolution offered by Joseph Bal.
lev ESQ President Of the Bank of Delaware, and Sc
conded BY Mr. Chauncey of Philadelphia:
Rssolrtd That the Banks represented in this conven
ton, will resume specie payments on the 18th day of
Angus, next and recommend tina, day for the EesumP
ton by the Banks generally.
This resolution being under consideration, MI Evans
of Baltimore moved thai the word "hr,eenth be stricken
out and the word "ninth inserted in its place. The
motion osing seconded By j. Smith, ESQ President Of
the State Bank of Missouri the vote taken slrik
inc out and decided in the negaiive-Those voting for
the motion were Maryland and Missouri, 9; and those
voting against it were Pennsy lvania, Delaware, Virginia,
Massachusetts, Connecticut, Rhode Island and Ken
tucky,7.
The question being then taken on the resolution, as
offered by Mr. Bailey, il was unanimously adopted
On notion ordered that the proceedings OF 'ns
be published and TO The banks
generally throughout the U. States. Attest,
JOHN B. MORRIS, President
ELiHu CuAuHcEy, Secretary
Jul