The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1838-05-12

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We are requested to publish the following copy OF
Memorial presented to the Senate of the United
States by the President and Directors of the Bank of
the Metropolis:
To the honorable The .Scaate and House of Represcn-
tatircS0f The Uaitsd States in Congress asSenibLed
The Memorial of the undersigned President and
Directors OF the Bank Of the Metropolis respectfully
sheweth
That your memorialists apply, on behalf of the
stockholders OF that institution for the renewal or
extension OF It's charter beyond July next; 10 which
IL Is al present limited.
In doing SO, your memorialists briefly state,
That the institution was first established and or
gained as an unincorpora,cd association in the
year 1913
That afterwards, on the Sd of March, 1917, it was
Incorporated, by act of Congress, until the lSt of
January, 1922, with capital Of five hundred thou
sand dollars
That on the I'd March, 1921, its charter was cx-
tended 10 the Sd March, 1885, and afterwards to July
next.
That its affairs have always been conducted with
acknowledged prudence, and at the same time in
spirit of liberal and extensive accommodation to-
wards the business Of the community.
That no time, during the embarrassing viciSitudes
which all banks had TO contend wiih--many OF them
sinking under the pressurehas this institution failed
or hesated to pay specie, when required for all its
engagements, until May last.
That, at that period of general suspension Of spc-
Gle payments, il made the most honorable effort-an
effort protracted, approved and eulogized by ALTO
resist the torrent that swept for time almost every
o her institution in the country; but finally, almost
lett alone, it was compelled TO yield to the general
necessity.
That il has afterwards, however to facilitate both
the public and private business of the place. paid out
large amount OF specie; and sprepared, whenever
there shall be simultaneous resumption (Which il
has eSered itself to haScn0 10 every branch
OF It's specie business embracing both deposiles and
notes.
That, among other acts connected with the cha
racter OF The institution and lis operations it is recol-
lected with pride that at the most gloomy and des-
ponding period in the history of our country since
the Revolutionary war, when the Government, Che
Executive only being AT this place. was without
means, and almost without credit it furnished at le-
gal interest, principal part of the funds for fitting
out and sustaining the New Orleans expedition,
promptly loaning the money for that purpose upon
the sole personal legal responsibility of one Of the
public tunctionaries, known al the time to be much
embarrassed in his private pecuniary circumstan-
ceS.
That it has, for several years been an important
hsca agent of the Government, and faithfully, as
such, discharged its duties; and finally promptly
paid, long since, the balance due from it to the Trea-
Sury.
That during the progress of the heavy curtail-
mcntS of the late Bank Of the United States in closing
It's business in this Drislict, this institution gave,
and still gives important aid 10 relieve the severity
of that curtailment
That lis business has long been and still is very
extensive amounting nearly to that of the aggregate
of all the other banks of the Distrct has always,
besides being publicly beneficial and satisfactory,
been proSperouSly and satisfactorily conducted, rs
relates to the stockholders, who, general meet
ing, after critical and minute examination, unani-
mouSy approved the administration of its affairs;
and, moreover, such has been the care with which
Il has been managed, combined with It's regard for
the interests and convenience of the public that it
IS rarely compelled To resort TO proceedings at law.
That the attention OF your honorable bodies is in
vted the statement OF its present as well as its past
condition for many years.
That IL has for some time past been, and still is,
preparing, by largely contracting It's discount line
as well as other MEANS to cooperate fully and vigo
rouSly in the return 10 that wholesome system of
business SO important TO the country al the earliest
practicable moment
Your memorialiss, therefore pray that the Bank
OF the Metropolis may be reincorporated for fur
crcaSing lis present capital (Ss500000) at any time
to any amount that Congress may now limit no, OK
ceeling two millions Of dollars.
Subsequent TO the general suspension of specie
payments, the institution has, nevertheless, paid out
not less than sixty thousand dollars in specie to-
wards the accommodation Of the business Of the com.
munity.
APPOINTMENTS by THE PRESIDENT,
By anil nth The adriee and consent Of The Senate
COLLECTORS or THE CUSTOMS
Archibald Clark, St, Marys, Georgia from 9th May
1896.
John P Osborne, Sag Harbor, New York, from 10th
May, 1888.