Legislative and Documentary History of the Bank of the United States: Including the Original Bank of North America |
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Page 8
... subscription of seven millions , and debate on said motion , 653-658 : On the appointment of five directors by the Government- debate in committee thereon , 661-666 : Same in the House , with vote , 678— 679 : Speech of Mr. Clay , 669 ...
... subscription of seven millions , and debate on said motion , 653-658 : On the appointment of five directors by the Government- debate in committee thereon , 661-666 : Same in the House , with vote , 678— 679 : Speech of Mr. Clay , 669 ...
Page 11
... subscription shall be filled , the directors and president chosen , and application for that purpose made to ... subscription be opened for 400,000 dollars , in shares of 400 dol- lars each , to be paid in gold or silver . 2d . That the ...
... subscription shall be filled , the directors and president chosen , and application for that purpose made to ... subscription be opened for 400,000 dollars , in shares of 400 dol- lars each , to be paid in gold or silver . 2d . That the ...
Page 13
... subscription thereto is now filled , from an expectation of a charter of incorporation from Congress , the directors and president are chosen , and application hath been made to Congress , by the said president and directors , for an ...
... subscription thereto is now filled , from an expectation of a charter of incorporation from Congress , the directors and president are chosen , and application hath been made to Congress , by the said president and directors , for an ...
Page 20
... subscriptions to it . When this is once done , the supposed effect of necessity ceases . There is then no longer room for the investment of any additional capital . Stock may indeed change hands by one person selling and another buying ...
... subscriptions to it . When this is once done , the supposed effect of necessity ceases . There is then no longer room for the investment of any additional capital . Stock may indeed change hands by one person selling and another buying ...
Page 27
... subscriptions , which may hazard a diminution of the profits , and even a temporary reduction of the price of stock . Banks are among the best expedients for lowering the rate of interest in a country ; but , to have this effect , their ...
... subscriptions , which may hazard a diminution of the profits , and even a temporary reduction of the price of stock . Banks are among the best expedients for lowering the rate of interest in a country ; but , to have this effect , their ...
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Common terms and phrases
aforesaid amendment amount argument articles of confederation authority Bank of England bank paper bill branch bank capital stock cent charter circulating medium citizens clause coin collect taxes commerce committee Congress consideration considered constitution constitutionality corporation create delegated deposite directors discounts duties effect enumerated enumerated powers erect establish execution exercise existence expediency expressly favor foreign funds further enacted gentleman Georgia give gold and silver 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 party passed payment Pennsylvania persons Philadelphia political present President principles proposed public debt purpose question received regulate renewal republican respect revenue Secretary Senate shares South Carolina specie stitution stockholders subscribers subscriptions thereof tion treasury notes United vernment vested Virginia vote
Popular passages
Page 589 - That, in case it should at any time happen that an election of directors should not be made upon any day when pursuant to this act it ought to have been made, the said corporation shall not, for that cause be deemed to be dissolved ; but it shall be lawful on any other day to hold and make an election of directors in such manner as shall have been regulated by the laws and ordinances of the said corporation...
Page 184 - 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 523 - States," and shall so continue until the third day of March, in the year one thousand eight hundred and thirty-six, 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 521 - 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 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 99 - The means by which national exigencies are to be provided for, national inconveniences obviated, national prosperity promoted, are of such infinite variety, extent and complexity that there must, of necessity be great latitude of discretion in the selection and application of those means.
Page 524 - ... 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 591 - The bills obligatory, and of credit, under the seal of the said corporation,. which shall be made to any person or persons, shall be assignable by endorsement thereupon under the hand or hands of such person or persons, and...
Page 594 - Legislature to establish an incorporated bank as being precluded in my judgment by repeated recognitions under varied circumstances of the validity of such an institution in acts of the legislative, executive, and judicial branches of the Government, accompanied by indications, in different modes, of a concurrence of the general will of the nation...
Page 593 - The original act of incorporation, section 21, enacts " that no other Bank shall be established by any future law of the United States during the continuance of the corporation hereby created, for which the faith of the United States is hereby pledged, Provided, Congress may renew existing charters for Banks...