Legislative and Documentary History of the Bank of the United States: Including the Original Bank of North America |
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Page 27
... argument for a variation of the establishment . Scarcely one of the reasons which militate against this principle in the constitution of a country , is applicable to that of a bank ; while there are strong reasons in favor of it , in ...
... argument for a variation of the establishment . Scarcely one of the reasons which militate against this principle in the constitution of a country , is applicable to that of a bank ; while there are strong reasons in favor of it , in ...
Page 29
... argument against it is , that each branch must be under a distinct , though subordinate direction , to which a considerable latitude of discretion must of necessity be entrusted . And as the property of the whole institution would be ...
... argument against it is , that each branch must be under a distinct , though subordinate direction , to which a considerable latitude of discretion must of necessity be entrusted . And as the property of the whole institution would be ...
Page 35
... argument against the experiment . The institutions of the kind already existing add to the difficulty of making it . Mature reflection , and a large capital , may , of themselves , lead to the desired end . The last thing which requires ...
... argument against the experiment . The institutions of the kind already existing add to the difficulty of making it . Mature reflection , and a large capital , may , of themselves , lead to the desired end . The last thing which requires ...
Page 37
... argument arising from the facility which banks afford , of an- ticipating the public resources in cases of emergency . This idea of anticipa- tions be reprobated , as tending to involve the country in debt , and an end- less labyrinth ...
... argument arising from the facility which banks afford , of an- ticipating the public resources in cases of emergency . This idea of anticipa- tions be reprobated , as tending to involve the country in debt , and an end- less labyrinth ...
Page 47
... argument against the bank : for , will they admit the necessity and yet deny to the Government the lawful and only adequate means of providing for it ? Ten of the States have no banks ; those who have , may abolish theirs , or suffer ...
... argument against the bank : for , will they admit the necessity and yet deny to the Government the lawful and only adequate means of providing for it ? Ten of the States have no banks ; those who have , may abolish theirs , or suffer ...
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Common terms and phrases
aforesaid amendment amount argument articles of confederation authority Bank of England bank paper bill bills of exchange branch bank capital stock cent charter circulating medium citizens clause collect taxes commerce committee Congress consideration considered constitution constitutionality corporation create debts delegated deposites directors discounts duties effect enumerated enumerated powers erect establish execution exercise existence expediency expressly favor foreign funds gentleman Georgia give Government grant honorable House incorporate individuals influence institution interest Kentucky lay and collect legislation Legislature loans Maryland means measure ment merchants millions of dollars motion national bank necessary and proper object operations opinion paper party passed payment Pennsylvania persons Philadelphia political present President principles proposed purpose question regulate renewal republican respect revenue Secretary Senate shares South Carolina specie stitution stockholders subscribed subscription suppose thereof thing tion trade treasury notes United usurious vernment vested Virginia vote
Popular passages
Page 127 - ... to sue and be sued, plead and be impleaded, answer and be answered, defend and be defended, in courts of record, or any other place whatsoever, and also to make, have, and use a common seal, and the same to break, alter, and renew at their pleasure; and also to ordain, establish, and put in execution such by-laws, ordinances, and regulations as shall...
Page 130 - ... requisite for its immediate accommodation, in relation to the convenient transacting of its business, and such as shall have been bona fide mortgaged to it by way of security, or conveyed to it in satisfaction of debts, previously contracted in the course of its dealings, or purchased at sales upon judgments which shall have been obtained for such debts.
Page 347 - Resolved, That the Senators of this State in the Congress of the United States...
Page 599 - America," and shall so continue until the third day of March, in the year one thousand eight hundred and thirty-five ; and by that name shall be, and are hereby made, able and capable in law, to have, purchase, receive, possess, enjoy, and retain, to them and their successors, lands, rents, tenements, hereditaments, goods, chattels, and effects, of...
Page 422 - ... regulations respecting the territory and other property of the United States.
Page 425 - ... it being unjust and impolitic that debts and engagements contracted and made by individuals, having confidence in each other and in their respective governments, should ever be destroyed or impaired by national authority on account of national differences and discontents.
Page 95 - States, namely — that every power vested in a Government is in its nature sovereign, and includes by force of the term, a right to employ all the means requisite, and fairly applicable to the attainment of the ends of such power; and which are not precluded by restrictions and exceptions specified in the constitution, or not immoral, or not contrary to the essential ends of political society.
Page 518 - ... and of the debts due to the same; of the moneys deposited therein; of the notes in circulation, and of the cash in hand; and shall have a right to inspect such general accounts in the books of the bank as shall relate to the said statements: Provided, That this shall not be construed to imply a right of inspecting the account of any private individual or individuals with the bank.
Page 600 - For one share, and not more than two shares, one vote ; for every two shares above two, and not exceeding ten, one vote; for every four shares above ten, and not exceeding thirty, one vote ; for every six shares above thirty, and not exceeding sixty, one vote; for every eight shares above sixty, and not exceeding one hundred, one vote ; and for every ten shares above one hundred, one vote ; but no person, copartnership, or body politic, shall be entitled to a greater number than thirty votes.
Page 629 - ... SEC. 15. And be it further enacted, That during the continuance of this act, and whenever required by the Secretary of the Treasury, the said corporation shall give the necessary facilities for transferring the public funds from place to place, within the United States, or the territories thereof, and for distributing the same in payment of the public creditors, without charging commissions or claiming allowance...