Sunbury American and Shamokin journal. [volume] (Sunbury, Northumberland Co., Pa.) 1840-1848, 1841-05-22
United States Bank.

A meeting of the stockholders of the Il. S. Bank
took place on Tuesday last, for the purpose of ta
king into consideration the condition and prospects
of the bank, and what course they should pursue in
relation to the late act of Assembly, by which the
bank, by placing itself under certain restrictions is
placed upon the same footing with the other banks
of the state. The stockholders, it seems, have agreed
10 place the Institution under the control of the lc
gislature in relation to any law that they may enact
for the purpose of regulating the banks. This is a
surrender of an important privilege without which
Mr. Biddle and the directors positively refused to
accept the charter of the present bank in 1885, The
following are the resolutions adopted by the NEE.
ting
"Whereas. by the seventeenth section of an ac,
of the General Assembly OF the Commonwealth Of
Pennsylvania, passed at the last session of the
Assembly, one thousand eight hundred and forty
one, entitled "An act to provide Revenue 10 meet
the demands Of the Treasury, and for other purpo-
ses," it is provided "that before the Bank of the
United States shall be entitled to the benefits of
that secton the stockholders of the said Bank SHALL
by resolution adopted a. any general or adjonrn-
ed meeting held in pursuance Of the charter, and
duly certified to the Governor under their corporate
SEAL consent to b, subject to any general laws to be
hereafter passed for the regulation of the Banks Of
the commonwealth" and whereas, it is deemed ex-
pedient by the stockholders of the Bank of the T..
States, duly convened at an adjourned meeting held
in pursuance of the charter, to avail themselves OF
of the benefits of the said seventeenth section there
fore,
Be i, Resolved, and it is hereby Resolved by the
Stockholders of the Bank of the United States con-
vened at adjourned meeting held in pursuance OF
the charter, that, for the purpose of obtaining the
benefits of the seventeenth section of the act of the
General Assembly Of the commonwealth of Penn
syvania entitled an act to provide revenue 10 meet
the demands on the treasury and for other purpo-
ses, passed at the last session Of the General As.
sembly the said Stockholders do hereby consent
to be subject to any general laws TO be hereafter
passed by the General Assembly of the Common.
wealth of Pennnsy lvania for the regulation of the
Banks of this Commonwealth; and that the Pres.
dent of the Bank be, and he is hereby authorized
! and reqused to make known this resolution to the
! Governor of the Commonwealth of Pennsylvania
according to the provision Of said section"
Josiah Randall, Esq. then called up for consider
alton the following resolution, which he presented
to the former meeting, with request tina, it should
lie upon the table for future action:
"Rosolvcd, That the Board be directed TO giv'
public notice, agrceaby to the constitution and law
of the commonwealth, of an intended application Il
the next legislature, to alter the name and reduc
the capital of the bank, together with such othe
alterations as may he deemed eXpedlen."