The daily Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1841-1845, 1842-01-07


ny The sale of certain securities pledged To that house.
ana other arrangements, and IL is hoped that the
debt due to II will be reduced 10 AN amount on
winch The bank will be able TO obtain liberal extern
sion OF time for the payment.
II Is believed that there is no other claim upon the
bank which can be called for until April next
Inc stockholders were verbally informed by the
president OF the bank at their meeting on the 18th
May last, that tile directors had carried into
ton, as Tar possible, the resolution adopted at
previous meeting directing them to ascertain if any
legal responsibilities had been incurred by any of the
officers Of the bank and If so, to them TO be
enforced and that measures had been commenced
against those who were believed to have incurred
such responsibilities
None Of these cases have yet come to trial, but we
are assured that the respectable counsel employed by
The bank, are earnestly engaged in preparing them Tor
trial at as early day the nature and difficulties OF
the cases, and the forms Of law, will permit.
BANK OF THE UNITED STATES,
January g. 1912 }
Josiah Randall Esq, offered the following resolu-
ton, which having been amended, motion Of Ii.
O. Freeman, Esq, was adopted
Resolred, That the books, papers, accounts, and
documents of the Bank of the United States, be
hibited and remain open for the inspection and
animation of any stockholder his agent, attorney
other representative Provided that the same shall
not interfere with the legitimate business of the
bank
The president then presented statement of the
assets Of the bank, containing account Of all the
property passed under the several assignments, and
otiier assets, which, motion, was referred 10 a Sc
lect committee Of stockholders, of five persons, for
the purpose of having il printed in pamphlet form,
with notes explanatory Of the statements touching
the debts upon which regular payments have been,
and continue to be made.
The chairman appointed the following named per-
sons on this committee
Joseph r. Chandler Joel Atkinson, II G. Freeman
}. M Kennedy, and John Sitter.
Josiah Randall Esq then offered the following re-
solutions
ResOlred, That in the judgment Of this meeting,
the nments by the board of directors of the Uni
ted States Bank, dated the 7th day of June and 4h
day Of Sept lSil were executed in violation of the
true intent and spirit of the Of Assembly incor
poratng the bank and the supplements thereto passed
the 4th and 9th days of May last.
Resotred, So far the stockholders have the power
to act In the premises and TO their opinion they
do hereby declare that the said assignments utterly
null and void. Subject to the approval disapprosa
of the meeting TO be held on the third Monday in
February.
Nj. Kennedy moved that the resolutions of Mr.
Randall be laid on the table, with view Of offering
resolution postponing the consideration of the sub
ject until the third Monday in February. This
lion was lost hut Mr.. Randall accepted an amend
ment, found at the close Of his resolution, subjectng
the opinion Of the meeting the subject of assign
ment 10 the vote OF the meeting to be held the third
Monday of February next.
Mi RandalFs resolution was then adopted.
The following resolutions, offered BY Josiah Ran
call, Esq then adopted with scarcely dissent
ing voice
Resclred, That it is expedicnt for the Bank of the
United States to make general assignment OF the
real and personal estate goods, chattes, rights and
credits whatsoever and wheIesoever, Of the said
poraon, TO five persons, for the payment or securing
the debts Of the same, agreeably to the provisions Of
the acts OF Assembly this Common wealth, passed
the 4th aud 9th days OF May, l54l.
ReSoired That The tockholders of the said bank
will adjourn to etthe Sd Monday in February next,
at 10 O'clock A. NJ. at the banking house, 10 elect
five persons trustees for the purpose stated IN the
last resolution .
Res red That the stockholders resident in other
parts of the United States be earnestly requested to
take measures /, be represented at the adjourned
meeting to be held OH the Sd Monday of February
next.
1t was farther resolved that the Board of Directors
be requested to call meeting of the stockholders of
the bank, on the third Monday in February at 10
o'clock, A. NJ agreeably to the resolution of this
meeting.
On motion Of Mr.. J. NJ. Kennedy, it
Reso'red, That committee of three stockholders
be appointed to report to the adjourned meeting, on
the third Monday in February, how the assignment
of the property Of the Bank may be made so as to
give no undue advantage to the judgment creditors
On this resolution the chairman appointed Messrs.
J. NJ. Kennedy, Josiah Randall, and J. w. Ash
mead.
MIR ]. Anderson moved that the proceedings Of the
meeting be published which was adopted
The meeting then adjourned.
Jos. r. CHANDLER, Secretary.
The correspondent of the Journal Of Commerce al
udes to the meeting in the following terms
tors in the U. 5. Bank. The meeting was one of the
stormiest that has been held in the institution
most yoluminous report was made by the officers of
the bank, atiording minute history of the condition
of the institution. 1t names every individual debtor,
and the amount and character of the debt Ii occu-
pies some two or three quires of paper, and what is
more and better, it ordered to be published So
shall at last the bottom of this sink of niquy
and corruption.
A violent debate series of resolutions offered
by Mr. Josiah Randall occupied considerable portion
of the time of the meeting These resolutions alege
that the two last assignments illegal and should
be rescnded, quashed, abolished, some such term
Mr. Rawe took decided stand against them, but
Mr. Randall proved the successful debater, OF
had the better cause for the meeting adopted his
solutions. So the assignments, except the frs
made to secure the post notes are rescinded, proceeded
the action of to-day is confirmed by meeting ordered
to be held for the purpose the Sd Monday in Feb
ruary next IL il should, the bank will again be il
stdtu quo ante betum
| MIR. Biddle showed himself neither dead nor dash
ed, for his ticket in the field and at the present
writing ii is unknown which has succeeded in slec
ton. The following are the two tickets voted
Regular Ticket-James Robertson, William Dray
ton William Rawe, Robert c. Hall, of Carlisle, Pa.
| Joshua Lippncott, John Hemphill, Moses kempton
William b. Fling, Oliver Fuller, Foster G.. Crutcher
Edward Coles, John Bacon, Robert Gimor of Bal,i
more, John Potter, of Princeton, New Jersey, Leo
nard s. Suarez, of New York, John 5. Donnel, o
Baltimore, Benjamin w. Richards John r. Neii
Manuel Eyre, Moses Willis, of Columbus, New Jer
/ sew
Bidd, Ticket. james Robertson, John Hemphill
Robert TAYLOR Oliver Fuller, Lawrence Lewis, Cal
win Blythe, Peter Wager David b. Stacey, Henry To
land John o. Nogdes, Samuel II. Wood, John Strl
tLnrs w Wnrnnr Thnnlas Tnsfin Erancis La