Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1841-11-15

lore hm-thet he has sought for inlo,.,,,iss, g.,
,nous qnafters-and that several ptoiets have beer
problem is somewhat difficult Of ,oIu,;on. 80 s
| can only wish him q safe 6eiveranee fsom the EN-
bMrsssments by which he is surrounse5 r.,
Without undertaking to lay down the speci6ea,ion,
III n"y Su'n 10 GUIDE his bsrque. We hope that he
| WI sSo'd every species Of Corporation or partner.
| snip between the funds oftho Gov-rnm,n, and .nv
such ioshution. We would respectfully nd,i,,
nun 10 propose no scheme. which e,nnot I've modi.
neu, changed or expunged, according to the light,
| OF experience and the pleasure of ConyTe<,-,a re-
| oom"eho no charter, no corporation to shun the
toek on winch several split during the last session
., attempting to do indirectly what cannot be done
orec''y-'o establish no Bank in the Dis,ric,. Tor
the purpose ofthrowing branche into the St,tes vi
the to patch up the present Banksn the
District, and embody them into one great corpor,on
.aP''si OF millions, for the purpose OF eonsti-
| 'uung astha Fiscal Agent OF the Government.
nhss been proposed TO MIN. Il would be IN, b.;,h,
o''o"y' TO attempt to bui'd up a new ed fee upo,
sueh Old and shattered msteriaIs-to saw no,h,n.
uInst OF inc irresistible objections, which may be
u'seu against such n proposition. We trust in l,k,
manner, that We shall! have no large moni,d co,nn.
ration established at Washing ton-wh,eh p,y =,
e.t reciprocal influence upon the officer, Of IN.
nteIuu'e or the members OF Congress. There
would DC corruption in its very touch W. ,,,s,
also, that u paper medium is to b., us.d ~, 81
purposes, IN The shape of Treasury notes, or r.r,;
hea'es OF deposit, in addition to gold and .Iy., h,
ono OF us essential elements should be its CONVEX
NJ. alt,,l,,
wat, Tor the unseaiing OF the book on IN. e., NJ
Jay OF December. In The me ntimc we have IN
mention another scheme Of Finance, which has h..n
urged upon MIR Tyler-but We hope wi;hou, ,ny
NJ ~ Is said 10 have met the concurrence of
M' Iohn = SPcncer-but it will require more than
ms industry and shrewdness TO make /, ,cc,n,,hIn
70 inc american People. Its thus set forth in IN.
correspondence ofths Salem Gas.ne CD inst,
Wv .surs.ros. Oct. 25, IsiI
ne" s";-l his place is scarce y the focus of in.
teres' at present, that it will be SIX weeks from To-
day when Congress will open its Session md III
eyes be directed to the President who IN b.. g.,
annual message, will promulgate the views and noI;
ey which H'e To direct his administration
Whe,her any, or what plan of a National
Bank will be submitted, seems, in a portion orr.
country at less;, to be a matter Of to,,nr;n ,u VIC
tsinty That the President has a pIan in n,cp,r,-
uon' however, Is asserted by his inmates On IN.
authority OF one OF them, the following is stated 10
DC an outline OF IL IL is SAID To Ia. drax, ,,, 49,,
man OF much experience in fiscal" n,,,,er. 80 -,
lar meets the appreciation OF the President. tbI, :,
VIII probably form the basis OF the project 10 ID. re-
commented to Congress by him. IN his annual mes.
sage. ''''
by compact between the States, a Bank oe IF
ty millions Is to be created with branches m e,,b
of the States entering into the compact
This hily millions 10 be hired by the STATES |
and the payment OF It. by the States, TO be guaran,
teed 10y the U. S-the proceeds OF the public lard,
to be pledged 10y the States, and guaranteed by the
u =, as security Tor the payment OF the principnl
and interest oil the capital stock.
he direction Of the Bank TO consist ola Board
Of Control, consisting OF - members-ro be chosen
~ the members Of Congress er otfeiO-one half the
members OF the Board of Control To be chosen uy The
members OF Congress north OF Mason and D. xon,,
hne-the other halt by those south If that line
Thus the interest Of The two great geosrat hc,l
and social divisions OF the couUiry IA have a check
upon each other.
The Board OF Control TO appoint the Directors
oil each State Branch, and TO have the full and en-
IRE control OF the Institution and all It's affairs and
de'aIs-to have the power OF removal OF officers OF
the BANK and Branches, upon cause shown.
1T shall be the duty of this institution to provide
ana maintain far and equal exchanges throus bout
the country 1t shall have the privileges Of discount
deposit, and issuing bills, SC.
The Board of Control, Drec'ors Of Branches.
and all officers, TO be saared and to be debnrred
from all accommodations at the Bank of any KIND |
or shape.-The salaries OF State Directors TO be
pald by their States. The members OF the Board
OF Control, themselves to be subject TO removal by
the houy which created them, upon good reasons
The above are the features OF the proposed |
measures, so far as learn them. The Presidents |
objections TO Corporation to operate per se will
mus be avoided, and the great objects OF National
bink De obtained under guarantees for lis good ma
nasemen strong as human skill can conirlye~