New-York tribune., 1841-07-26
7. He T..R.I B U. N. E -. -.
NEw.yoRK, MONDAY MORNING, JULY %.
MR.. WEBSTER AND THE BANK.

WEBSTER for Welding TO m lIHing fiafr OF Na
,osal Bank accusing him of eretieon from Priacple
beraval the Wing party and gross Inconsistency with
I former course Welding his the notifications
ored Il correspondent recalls memory the following
ct frr,1 Speech made by Mr. Webster in ls34 on,his
,er subject and in reference the proposition which
- q nov Denounced for entertainsg The Renaissance
viii be found interesting. " 'a''' -'-' ' -''' -''".
On the Goth of January 1894, Mr., WEBSTER presented
othe Senate sndry Resolution. adopted large meeting
Of the Citizens of Boston, the object OF which Resolutions
ag TO urge absolute necessity for Bank Of the United
States In the course of his eloquent Speech that
.on MIR. Webster said :.-.. .-.... .-.-..~.
observe m that proposition has been submitted for
consideration bya very intelligent gentleman in the Legis-
aure of Massachusetts, recommending the establishment OF
a new Bank with the following provisions
The Capital Stock 10 be Fifty Millions Of Dollars. '
O. The Stockholders of the present United States Bank
be permitted subscribe amount equal 10 the stock
they hold
The United States to be Stockholders TO the same ex
they and to appoint the same number OF Di-
rectors.
The subscription to the remaining fifteen millions be
distributed the several States in proportion to federal
numbers III other Just and equal ratio The install
ments payable either in cash in funded stock of the State
bearing interest FIVE per 80
S. No branch Of tie Bank 10 be established dny Stafe
aaless by permission Of its Legislature M H.. T.. - ..
s. The branches of the Bank established in the several
States be liable taxation by those STATES respecNey
the and 10 the extent only with their
Banks o.. .--a ...." ~.-.~! ..i ,~--
Such States may become subscriber. TO the stock TO
the right OF appointing certain number, not exceed
ing onerd the directors In the branch heir own State
s Stock subscribed for under the foregoing pro-
vision 10 be open subscription by individual cilizens
Mr.. w continued .-.,. -......s~. 400.
"A project altogether dssimilar has been started IN
the Legislature of Psnnsy yyaa These proceedings show
at least of the necessity of some Bank created
A. eu-i1o hnya HOttl
whatever. ..-.~ .....i.f - e-..,,-
81 am, then, sir for Bank and am fully persuaded that
that measure the Countr, mast come AT last rs--
Ihe question: then, is between the crenilon o n new
Bank and the recharerng of the present Bank lch lan
cations have already referred the scheme for nero
Bank proposed the Legislature OF Massachusetts By Mr.
White Between such Bank his propositions would
create and rechaering Of the present Bank 'h nod-
cdons there rcry side certainly freconciir6fe
dfer<mce3 'a" --.. -.-...,.''- 90 -
"As to what these notifications should be, would only
ROW observe that while may well be Inferred from my
known sentiments that should myself deem atcra-
lions in the Charter beyond those proposed by the bill of
1882 highly essential case lnwlnch am aware
uotng can be effected for The good Of tie country thof
making some approaches 10 aRity of 0P@'on. THINK
therefore that the hope of accomplishing an Object OF so
much Importance liberal concessions should be made: ''
Modification. of the present charter should tR be
proposed such may remove al reasonapie SFouhs y
jealousy ull quarters, whether III states III 'c' "s''.
ons or in Individuals SUCH aS may tend to rccoce
tho interests of the great where the Bank with those
of another great city, and IN short the queshoh should nc
met with sincere disposition 70 accomplish, oy united ana
friendly counels, measure which shall aay tears ana pro-
mote confidence the time that secures to the cou
trv sound credtabe uniform currency and 70 the t'ov
ernen safe deposie for the public tFeasne and amin
por,ant auxiliary III its financial operations -..,.
repeat then, sir, that | am in favor OF renewing the
charter of the present Bank with suct alterations as may
Bs sG9Scfcd t6 meet ne general sense Of hr country
Now for our own part having dreamed OF support
ing anv other party than the Wing party and having never for
ahiasunt doubted the cons,i,uonay and cxedieney OF
National Bank We cinnp, what IVhig prepleso any
principles have do with the particular provisions and re-
cushions OF Bank Charter but if man can tell what
heesy on this sbiect Mr. w ebsc has entertained IN 1871
tAhe did NOT equally cherish and frankly avcv in 1881 We
shall be obliged to him for the information .-- -
I' Is there any law regulation IN our Ciy governing
the charges for CAps So WHY'S not eniorced' Every
day citizens complain TO US that they axe charged ~ cents
mile or more for single passenger while the lesa! rate tor
qeSs is onv 375. and for Cabs ought be less. Now
are opposed to any law which shall compel men to perform
any service specified price, excepi in te aoStnce q any
bargain. The law ought prescribe that any hackina
may make his own bargains but in default thereof he should
be entitled 5 much Tor much City Officers Is there
any law this spbject Ii hec is, why do you wink at us
csntinlal, fagran; vioaionl
81 We informed ,ha, several OF the Cabs have a
fraudulent lis, Of prices posted up This gros. swiading
aad should be punished severely.
r A large four ,ory wooden building ut Boston, occu-
ped by some hirtv Irish families fire on Thursday last
and was considerably injured. The Daily Mail saws that
Woman ea5ed from window forty the ground and
received nOinury = -'r.-'- -. 80
p In the case of u.ury reported last paper we
are desired to say tbs, Mr. Reed the edorse negotaor
the note did not plead usu up defence what
ever ba, allowed judgement go against him BY default
He obtained the money for Snien and had interest in
benes, from the transaction.
F The Canadians are fa.,sonpssas tbs Eail-FoAd from