New-York tribune. [volume] (New-York [N.Y.]) 1841-1842, 1841-07-27
GREAT BANK MEETING
AT NATIONAL HALL

Pursuant to call OF the Wing General Committees.
u meeting of the Wings and other Citizens of Ncwi9rk
friendly to the immediate establishment Of National Ba
with power to Branches in the several States and Ter
,itores, very large assembage of DIR Czens-amount-
ing 10 several in front Of National Hail
at 8 o'clock last evening.
The meeting was called 10 order by Gen. JoHS LLOYD,
Chairman Of the Committee Of Arrangements whose
tipn Hon JoHS LAWRENCE chosen President, PETER
SHARP RoBER1 SMITH and several other of the old Demo
cratic citizens appointed Vice Presidents and GILES
Al. HLLYER and others appointed Secretaries
Hon Go b. Po1NDExrsR being loudly called for, G. NJ
HnLYER Esq read the following letter from that disln-
guished statesman:
CRY HorEI, New York, July "a, Ioll.
Gentlemen: The polite invitation with winch you have
honored be present and TO address the public
ing of the Democratic Wings and other citizens OF New
York friendly the passage by Congress- Of bill to inco
,orae Bank Of the United a,cs, with power establish
branches in the States and Territories which proposed
20 be held in Cana-street, Monday this
handed by committee deputed for that purpose
Allow me, gentlemen you my grateful acknow
Judgements for this evidence OF your consideration aud
speci and the time OF sincere
that cunuot comply with your request kindly commune
Gated in your The public duties which have
been called perform by the Chief Magistrate OF the
Uion connected with the collection OF the public
this CITY, and the conduct OF officers empOycd in that
branch OF the public service. would forbid my par-
acre until the Investigations IN which am new engaged
shall be completed.
CONCERNING with you general intended pro-
,uo,cd meeting which have invited me- should
under olher DO happy with
in public expression of the views which in with
yourselves entertain, the important subject which
yoa refer and which conflicting opinions appear exist
among our friends in Congress.
profess belons-io that class OF politicians who de-
nominated States Rights men; but limit myself in the
scope Of these rights to the provisions OF the Constitution by
are reserved the States respectively the people.
would member of either branch of Congress Surp
the power Of controlling the action of any State within The
legitimate sphere of its Constitution and Laws when
properly authenticated by tho sovereign authority under the
broad seal of the State the doctrine,
that the will of the majority Is the will of the whole
that any resistance obstruction the operation OF
Of Congress ~ State authority the ground that such
act unconstitutional treason rebellion, revolution
But hold the powers properly belonging Congress,
when carried according the forms OF the Constitution
supreme and binding both the States and thepeoe
On these postuata arrive the conclusion, that If Con-
gress may according just and proper exercise of the
powers delegated in the Constitution Fiscal Bank
necessary Agent for the collecun safe keeping and
disbursement of the public money any other purpose
the operation Of such Bank be made depend
the sanction OF any, ali Of the States of the Contedeacv
each acting lis separate capacity This may be regarded
truism IN reference to every power clearly belonging
Congress, but especially those powers which relate
TO the collection of the
the patriotic purpose for which your meeting has been called
wi bs obvated, BY union of the friends Of the Admins
traon Congress, and tho speedy passage of the great
measure anxiously desired hy the whole country.
Accept of the high respect with which am
Jo.H LLOYD ESQ., Chairman Committee OF Arran. eents
WILLIAM SAMUEL JOHNSON ESQ. presented and read
the following Resolutions:
RcsoIced That the unequal value OF the bank paper of
the several Sa,esdeprecated in degree varying according
the different sections OF the country is stain public
and pevate creditnju the morals OF the conrun-
~ and opposed to the principles of the Federal Cons,i
,ution That The power is given Congress BY that in.
srument regulate the currency of the United STATES and
that the existing deprecated currency only be regulated
and made uniform by the of power for thu, pur
pose BY the General Government That specie payments
throughout the country Dug without unavoidable DELAY 10
be resumed That currency of uniform value is indisp
sable the practical regulation commerce between the
States. and with coun,rie would the public
finances invigorae the labos OF the people renew their
mutual confidence facilitate the beneficial exchange of their
agricultural mechanical manufacturing and commercial pro-
auctions; increase the enterprise home and abroad and
the nation the industry prosperity happiness
from which it has fallen. We therefore Con-
grcss the adoption the present OF such
asw secure to the benefits enumerated
? Resored, That gold and silver being conicsrdy
cen Tor the business the American People, and
cannot be- the only money That whatever the medium
OF purchase and sale-in which State Banks Is chiefly
cmpoyed- the money of the country and that the co"sll-
utIona power 10 regulate the value Of money compre
hends the right 10 equaize the value the Banks
B. Resolred That the legitimate mode OF obtaining these
desirable ends, Is the establishment OF q National Bank;
clothed all the powers and invested with all The un
ions which experience has proved necessary for ecur
ip the benefits to derived from such IN institution
Resolced That, beref Of such institution private
enterprise activity and prosperity have unioruy anguiscd
the public means and credit have been diminished and nd
ydual and national embarrassment have prevailed Wills,
the establishment by Congress OF National Bank has each
case revived the public finances quckened individual effort
and success and enlarged the business and prosperity and
hap iness of the country
S. Resoired That the Constitutional power to
National Bank such heretofore exseI has been often
sanctioned by Presidents BY the RerSestst
of the States and tho People, and BY the judiciary that
we canno, regard it as open question That the Constr
tuition was intended as an honest, and practical thing
suited TO the wants and interests Of great people-ad TO
be administered permanent principles OF any invasion OF
which the Supreme Court Of the United States in tbs
last resort 10 be the arber That unSee BY Congress