The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1841-06-22

counterprojec to that ofthe Secretary Of the Irea-
sury IL So he (Mr. p hoped il would receive The
grave consi Iteration Of the House.
The reading called tor
Mr. SNYDER OF Pennsylvania, objected.
MIR. HOLMES wished il read, that we might have
all the light we could obtain.
Mr.. STEENROD inquired Of the Speaker Il II
would be in order 10 have The plan read
| The SPEAKER said il would not. Objection had
been made.
The objection was Withdrawn; but having been re-
newed by Mr.. POPE the matter ended.
The Plan" annexed 10 this Resolve would oceu-
py more space than We can give TO il at present It's
principal features are, however, as follows Amount
Of capital S25 600 900 the United States to own one
fifth thereof TO be paid for in five per cent stock
other fifth thereof to be sold in open market not
below par, for specie only the Bank and Central
Branch 10 be located in the city OF New fork the
Bank be governed by Board OF Control, consist
ing OF members, of whom five - be elected by
the stock holders OF her than the United States and two
by the Secretary OF the Treasury the comptroleTs To
receive salaries TO be paid by the Bank and not 10 be
borrowers from the Bank either principal surety
the Bank at s branches to be bank OF discount de-
poste, and clIcualion the remaining Sl5UODiOOo OF
the capital be held by the Bank TO be sold in mar
ket below par al the branches for specie ony the
circulating notes of the Bank are be made payable
al the Central Branch loans 10 he limited 10 30 days
and renewable loans to be made 10 the nited
States in amount exceeding S2,OO0O 900 dividends 10
be limited to per cent. per annum the Bank to be
notes Of all sound specie paying banks and send such
notes home to the banks respectively the public mo-
ney to be deposited wherever the Bank has branches
and the notes of The Bank TO be received, until other
wise ordered by Congress- in payments 10 the United
States suspension OF specie payments to work for
fixture OF chatter duration Of the chatter TO be thirty
years, sc.
MIR WOOD, of New York, offered the following
resolution; which lies over one day. under the rule
Resoired That the President Of the United States
be requested 10 communicate to this House, faI as
the public interest will permit the correspondence, if
any, between the Government of the Uuited States
and that of Great Britain, relating to the American
athens now British prisoners OF State at Van Dlemans
Land.
Mr.. r. D. DAVIS offered the following resolution;
which ordered 10 lie over one day under the rule
Resotred That the President of the United States
be requested communicate to this House (lf IN his
opinion the same be done consistently with the
public intcrests) such authentic information as may
his possession relation to the seizure OF Amer
lean vessels by British armed cruzers, under the pre-
tence that such vessels engaged intended 10
engage, in the slave trade together with any steps
VIII CHI may have been taken by our Government or Its
Ministers upon that subject
Mr., HUNT, of New York, offered the following
resolution:
Resolved That the Select Committee on the Cur
rency be directed to inquire into the expectancy Of es
tabishng National Bank on the following plan:
Objections were made and the reading of the plan
accompanying the resolution was called for, and OBJ
jected to.
The reporter understood this 10 be the plan re-
ferred to
Mr.. GlLMER moved to lay the resolution, &c. on
the table.
Mr.. HUNT called the yeas and nays.
Mr.. MALLORY suggested to Mr.. Gllmer to amend
the motion TO lay the table, by adding and that
it be printed
Mr.. CALVARY MORRIS moved that the House
adjourn, which motion prevailing
The House adjourned until Monday morning at 10
O'Clock.
MIR. CHlTTENDEN presented memorials from
citizens of the towns OF Adams, Brownyille, Sacketts
Harbdr and WATERFOWL, IN the county OF Jefferson,
and from Port Ontario, in the county OF Oswego,