The Jeffersonian. [volume] (Stroudsburg, Pa.) 1853-1911, 1855-03-01
RANK MEETING.

and NJ. Ill. DREHER.
Secretaries-StroudJ. Hol2indlead, Dr.
SyaenItdm WIalto4xand Peter WiHiams
On motion of John DeY oung, a com.
mittee of twenty was appointed for the
purpose Of drafting Resolutions expressive
of the sense of the meeting, This motion
was afterwards amended, on motion oi
CAas. S, Palmer, by striking out the word
twenty and inserting G1y.
The chair then announced the follow.
! ing committee, viz:
BoroRgh,-JOhn DeYoung, chairman
Charles S. Palmer, John n. Stokes, Jas
\. Durling, John n. Durling, John Shive-
/ ly, James H. Stroud, David Keller, John
Edinger.
| CAesnutlM-Jobn S. Fisher, and Chas
D. Brodhead
Pocono-Joseph Hickman, Manassah
Miller, John Butz, Jacob Staufer, Gideon
Burritt.
E2dred-J acob Correll.
JackSon--John Miller, John D. Frai.
ley, Peter Frailey.
RIk-JacOb, Kresge, Philip Kresge,
Peter S. Hawk, Dawalt Fisher.
Prioe-Peter Sees, Joseph Price.
StrOud-Wayne G. Drake, Geo Philips
R0SS-Joseph Altemose, David Smith
Raradie-James Henry, David Ed
niger.
To5yAanaa-WashiugtOn Winters, John
Smith.
Coo1Baugh-Hiram Warner, Theodore
Brodhead.
In the absence Of the Committee, the
meeting was ably addressed by Colonel
Charlton Burnett
On the conclusion Of the Address, the
Committee, through their chairman, re-
ported the following preamble and resolu
tons:
Whereas, Application has been made to
the Legislature of this State, now in ses-
sion, for the incorporation Of Bank, with
general banking and discounting privi-
/ Ieges, to be located in Stroudsburg, Mon
roe county, Pennsylvania: Therefore, be it
ReSoLred, That Banking Institutions,
when properly restricted by Legislative
enactments, in their operations, within the
limits of legitimate banking business; and
when the individuals who are made the
repositories Of such important incorporate
powers, are made to feel the full weight
of the responsibilities resting upon them
as such; and when the wants of the busi-
ness community demand an increase OF
banking capital, we deem such an Insti-
tutions an important part of the CONNER
ciai regimen of the State, in facilitating
the business transactions Of their respec-
tive localities, and measurably rebound
ing to the interest of the community at
large.
Resolrca, That we heartily approve of
the General Banking Law, of the Com
monwealth of Pennsylvania, and are graf
ifed to know that it is daily growing in
public confidence and esteem; that while
scores of Banks, in other States, have been
swept away by the Commercial crisis that
has overshadowed the country, we can
point with pleasure to the Banks of own
State, controlled by the salutary provi-
sions of her Banking law, as having with
stood the shock with apparently no in
convenience
ReSOlrcd, That from a careful investi-
CATION of the amount of business in the
counties of Monroe and Pike, and the
amount Of capital required by the same,
We are fully Of the opinion that a Bank,
with capital of from one to two huud-
red thousand dollars, is imperatively de-
manded, and can be sustained beyond the
/ possibility Of doubt.
|, Resolred, That our business men are
compelled to resort to the Banks Of New
Jersey, New York, and the Eastern States
! for their discounts, and in their negotia-
ton are Obliged to take bills Of small de-
nomination, which food this portion of
North Eastern Pennsylvania, and cousti-
tuteS, from necessity, our circulating me-
dium, in direct violation of an express
statute of the State
/ Reso5Uecl, That if the Legislature should
Incorporate Bank, to be located in this
| place, We sOlemnly pledge ourselves that
the entire stock will be subscribed and
taken by by citizens of Monroe and Pike
counties.
Resotred, That our worthy member of
the Senate, and House of Representatives,
are hereby instructed to use all honorable
means to obtain a charter for said Bank.
On motion, the preamble and resolu.
tons were adopted unanimously by the
meeting.
We the undersigned, a Com mittee ap-
pointed for the purpose of ascertainiug
the amount Of capital requisite for the
transacting of the various branches of
business in the county of Monroe, do, az
ter careful examination thereof, report
the following, to wit: