The following are the proceedings of the senate on the 26th September of same year, in relation to the same subject: In Senate, September 26, 1837. Mr. Wright, from the committee on finance, called up the report in relation to the petitions for a national bank, which was, Resolved, That the prayer of the respective petitions be not granted." After some debate upon the proposed amendments, the question was taken and decided in the affirmative, yeas 31, nays 14, viz: Yeas-Messrs. Allen, Benton, Brown, Buchanan, Calhoun, Clay of Alabama, Fulton, Grundy, Hubbard, King of Alabama, King of Georgia, Linn, Lyon, M'Kean, Morris, Nicholas, Niles, Norvell, Pierce, Rives, Roane, Robinson, Smith of Connecticut, Strange, Talmadge, Walker, Wall, White, Williams, Wright, Young-31. Nays-Messrs. Bayard, Black, Clay of Kentucky, Clayton, Crittenden, Kent, Knight, Prentiss, Robbins, Smith of Indiana, Spence, Swift, Tipton, Webster-14. RESUMPTION OF SPECIE PAYMENTS.-The banks of New Orleans, Mobile, Natchez, and Nashville, having resolved to resume specie payments in January next, the probability is, that after the middle of that month specie payments will have been entirely resumed throughout the United States, excepting in the case of what are called the new banks of Missisippi. The few that lag behind will be marked out as unworthy of confidence, and the chances are, that their notes will soon cease to form any part of the currency. Such a general restoration of the currency within twenty months from the period of the general stoppage was hardly anticipated at the time it took place, and would not have taken place, in our humble estimation, bad it not been for the New York law, which compelled the banks to resume in May last, or forfeit their charters. MR. GRUNDY'S BILL.At page 373, we gave a copy of the bill reported by Mr. Grundy, entitled "An act to prevent the issuing and circulation of the bills, notes, and other securities of corporations created by acts of congress which have expired." That bill became a law on the 7th of July, in the words of the original bill, amended by striking out from the end of the first section these words, "or by imprisonment and confinement to hard labour not exceeding ten years, or by both such fine and imprisonment," and by inserting as follows: "Or by imprisonment and confinement not less than one year, nor exceeding five years, or by both such fine and imprisonment: Provided, That nothing herein contained shall be construed to make it unlawful for any person not being such director, officer, or agent of the said corporation, or any trustee thereof, or any agent or officer of such trustee, or any person having in his possession or under his control the property of the corporation, for the purpose aforesaid, who shall have received or may hereafter receive such bill, note, check, draft, or other security, bona fide and in the ordinary transactions of business, to utter as money or otherwise circulate the same." COUNTERFEITS.-Within the last two years the newspapers of all parts of the United States have furnished abundant evidence of the immense increase of forgery. During the period of the suspension of specie payments, not only were the small notes or tickets counterfeited to a vast extent, but even bank notes, of every description and size, are advertised almost daily. THE SUB-TREASURY SYSTEM.-As the president has repeated in his late annual message his recommendation of the divorce of bank and state, and as that measure will most probably be again discussed by congress, as a leading topic, we have thought it might be useful, as a matter of reference, to quote the proceedings of the house of representatives in 1834 and 1835, in reference to this same subject, from which it will be seen that the great political parties have both changed sides. THE MONEY MARKET.-Very little change has taken place within the last two weeks in the money markets of Philadelphia and New York. A great pressure for money still exists, but there have been no failures, which argues strongly in favour of the stability of our mercantile houses. The present number completes the Register. The two volumes contain as much printed matter as is contained in five octavo volumes of the usual size, and will be found serviceable for reference, as comprising the history of the late money crisis. Copies of the work may be obtained, half bound, of Adam Waldie, the publisher, and of Carey & Hart, and Kay & Brother, booksellers, Philadelphia, at $5.50. Acts of Congress-To secure the payment of certain commis. | sions on duty bonds to collectors of the customs, 62. To modify the last clause of the fifth section of the deposite act, 62. To authorise the sale of certain bonds belonging to the United States, 94. To restore the circulation of small notes in the District of Columbia, 142. To authorise the issuing of treasury notes to meet the current expenses of the year, 408. To prevent the abatement of suits and actions now pending, in which the late Bank of the United States may be a party, 408. Adams, Jolin Q., his letter to William Foster on the suspension of specie payments, 59. Alabama-Specie imported for banks, 47. Proceedings of a bank convention at Tuscaloosa, 63. Notes of Mobile banks protested, 95. Condition of the Mobile branch of the State Bank on 2d July, 143. State of money affairs at Mobile in August, 143. A state convention of banks to be held, 144. Loan negotiated in New York by one of the banks, 205. Rules of the State Bank for making advances on cotton, 235. Convention of banks adjourns, 10, 251. Partial resumption in Mobile, 252. Prospects of a full resumption, 252. Improvement of the currency at Mobile, 238. Reported agreement of the banks to resume on 1st January, 1839, 317. Proceedings of banks in favour of resumption, 349. Proceedings of a meeting of citizens in Perry county against resumption, 349. Mobile banks resolve to resume on 1st January, 350. State bonds for half a million sold, 366. Montgomery branch of the State Bank resolves to resume, American Stocks, prices of at London on 8th June, 1838, 64. On 4th July, 79. On 18th September, 255. On 23d October, 334. Estimate of the amount held abroad, 141. American Life Insurance and Trust Company propose to organise under the new banking law, 96. 408. American Exchange Bank of New York, articles of associa tion of, 344. Amherst Bank, history of the defalcation of the cashier, 271, 333. Appropriations made by the existing congress, 127. Arkansas, state bonds not sold, 32. New bank at Batesville, 158. State bonds sold, 191. Atchafalaya Bank. [See legal decisions.] Atlantic and Pacific Canal in Central America, intelligence respecting, 95. Baltimore Banks, condition of, in July, 158. Bank of the United States, its right to sue in Lonisiana questioned, 112. In Alabama, denied by a legal decision, 93. Decision in the case vs. Primrose, 93. Redeems its notes bearing 12 per cent. interest, 191. Represented by the New York American to be a deposite bank of the government, 237. Statements of its condition from February, 1817, to March, 1836, 334. From March, 1836, to December, 1836, 396. [Statements for 1837 are in Vol. I.] Circulation of old notes prohibited. [See Grundy.] Bank of the United States in New York, history of its establishment, 154, 155. Cashiers appointed, 223. Commences business, 240, 253. Redeems the notes of the Pennsylvania Bank, 351. Danks, condensed report of the secretary of the treasury of 7th May, on the condition of the state banks at the latest returns, 57. Bank Convention, journal of, at New York in April, 1838, 337. Proceedings of, at Philadelphia in July, 78. Bank of England, condition of its affairs on 29th May, 1838, 64. On 2 th June, 7. On 24th July, 189. On 18th Sep. tember, 304. On 15th October, 335. History of its capital and profits, 238. [See Quin's Trade of Banking.] Bank Failures-Western Bank of Rome, 30. Nahant Bank, 80. Farmers and Mechanics' Bank at Pontiac, 96, Windsor Bank in Vermont, 142. Commercial Bank of Florida, 142. Roxbury Bank, 142, 191. Orono Bank, 175. Bank, 175. Several in Michigan, 205. Bank of Charleston increases its capital, 80. Bank of Ithaca vs. S. Potter & Co., decision in case of, 77. Bank of Kentucky, its plates stolen and its notes forged, 157. Bank of Havre, abstract from its charter, 127. Sabine Bank of Washington, in New Jersey, gives notice of resump. tion, 158. Bank of Chilicothe rs. Swayne & Minor, 407. Bank notes, of small denominations, law of New York respecting. 332. Banks dealing in cotton, strictures of the Journal of Commerce upon, 234. Biddle, Nicholas, his letters to the New York Board of Trade, 13. To the New Orleans banks. 236. Respecting an elec tion trick in New Jersey, 316. To John Quincy Adams of 10th December, 1832, 391. Bills of Exchange, an alteration in the usance recommended, British Coins, a new set struck, 141. Remarks upon the state of the currency, 205. State of the gold coinage, 222. British Funds, highest and lowest prices ever sold at, 207. Brooklyn Bank, cs. S. Willoughby. [See legal decisions.] Bronson, Isaac, letters from, to Condy Raguet, 7. To a mem. ber of congress, 11. Obituary notice of, 15. Canada-Banks in Montreal stopped payment, 351. Condition Commercial Bank of Florida, history of fraud practised against, 108, 109. 142, 157. Commercial Crisis, a second one in the United States anticipated by the French government, 269. Refutation of these views by the Courier des Etats Unis, 270. Commonwealth Bank, report to the legislature of Massachusetts on the condition of, 278. Congress adjourns. 32. Meets again, 384. Election of members, days of, in the different states, 158. Connecticut, resolutions of the legislature of, against the subtreasury system, 108. Exchange Bank resumes specie pay. ments, 175. Corn Laws of Great Britain, extract from, 316. Price of wheat in England from 1790 to 1837, 350. [For late prices see foreign news] Corporations, law of, Chancellor Kent's opinion, 90. Decision of a court in Alabama in the case of the Bank of the United States vs. Primrose, 93. Ground taken by a court in New Orleans in the case of the Bank of the United States, 112. And in case of the Union Bank, 139. Cotton, prospect of the crop in Alabama, 63, 206. In Tennessee, Alabama, and Mississippi, 95. In Mississippi, 96. In Georgia, 159. In Louisiana, 223. In Florida, 254. New crop appears in Georgia, 143. At Natchez and New Orleans, 191. In Florida, 223, 237. Injured by frost in Georgia, 383. Transactions in, at New Orleans in June, 29. Stocks on hand at Liverpool on 10th July, and by whom held, 139. Prices on same day, 140. Imports into Great Britain from 1st January to 1st June, 1838, and the stock on hand at latter date, 160. Consumption of, in Great Britain from 1810 to 1837, 205. Exports of, from the United States, for the year ending 1st October, 1838, 319. Total annual growth from 1824 to 1838, 319. Total consumption of the United States, 320. Prices of at Liverpool at different dates. [See Crops, prospect of the wheat, 62. Of the tobacco 63. Of the foreign news.] [See cotton.] cotton. Currency-The question answered, of what does a currency consist? 207. Deposite Act, postponement of, yeas and nays on the passage of, in the house of representatives, 333. Proceedings of the senate upon the bill to repeal it, 408. Dyott, Dr. [See Manual Labour Bank.] Exchange, rates of, at New York, weekly. See each No.] Quotations of, editorial remarks on, 48, The par of, with Europe, from Mr. Woodbury's report, 156. Erroneous dates of quotations corrected, 240. Par of the pound sterling settled at New York by referees, 264. Exports. [See imports.] Financial Register, notice of intended discontinuance of, 240. Flour and Grain exported to England from New York, 223, 240. Corn Foreign Grain Market, comparative state of, 205. averages in England on 31st August, 240. British ports open, 255. Abstract from the corn laws, 316. [See foreign news] Foreign News to 8th June, 64. To 22d June, 79. To 10th July, 139. To 3d August, 188. To 11th August, 224. To 19th September, 254. To 1st October, 304. To 27th October, 334. France, extent of joint-stock companies and speculations in, 221. History of the first joint-stock bank, 234. Franklin Bank, report made to the legislature of Massachusetts in relation to, 170. Free Banking-Mr. Mayer's bill of 1831, introduced into the senate of Maryland, 398. Editorial remarks upon, 400. Georgia, condition of her banks, 46. Loan effected for the Western Atlantic Railroad, 143. Intended resumption of Gold-Imports and exports of coin from 1st January to 18th Grundy, Mr., his report on the old notes of the Bank of the Gordon, General, proceedings of congress on his original sub- Hare, Dr. Robert. his namphlet on the currency, 40. Hints on Banking, a pamplet by Dr. M Vicar, 321. Illinois, extent of litigation in, 31. Condition of the State Indiana has a canal 444 miles long, 160. Ingersoll, John, his circular, 379. Reply to, by Bevan & Hum- Jackson, General, his two letters to the Globe of 9th and 23d Kent, Chancellor, his opinion on the law of corporations, 90. Kuhn vs. The Bank of the United States, decision of Judge Lumberman's Bank, not going on, as reported, 141. Notice Maine, extent of the disputed territory of, 96. Manual Labour Bank of Philadelphia-Documentary history Mechanics Banking Association of New York, articles of the, M'Vickar, Dr his pamphlet on banking, 321. Michigan State Loan, negotiated, 14. A list of her banks 30. Some Wild Cats escaped with money, 30. Agricultu- Mint of the United States, report of coinage in May, 94. In Mississippi, an injunction laid against the Brandon Bank, 7. Money crisis of 1818, history of, from a report made to the National Bank-Mr. Clay's plan of, 261. Yeas and Nays New York-Dividends declared by her banks in July, 30. Norfolk Bank, report on the condition of, made to the Legis- North American Trust and Banking Company, books opened, Ohio, condition of her banks on 1st June, 45. The German and Canton banks expected to recover, 142. State loan ne- banks, 224. British goods imported in 1836, 1837, and 1838, 319. Phoenix Bank of New York, M. Delafield and M. Carey re- Philadelphia Banks, dividends in July, 31. In November. Planters' Bank of Mississippi vs. several individuals, 156. Post Notes, issued by Planters' Bank of Tennessee, 80. Edi- President's Message, of 4th December, 1838, extracts from, 375. Public Expenditures of the United States, from 1824 to 1837, 106. Public defaulter in Arkansas, 158. Public Revenue, Mr. Wright's report on the collection of, of Quinn's Trade of Banking, 1. And continued on the first page Quincy Stone Bank vs. Cooley & Lambert, 277. Raguet, Condy, letter from, to Isaac Bronson, relative to the Railroads, cost of some of the principal ones in the United State 01 Reminiscences of the stoppage of specie payments in May, At Resumption of specie payments, at Fredericktown, 27. Revenue of Great Britain and France, how collected and dis. Rhode Island, condition of the banks on 6th July, 159. Com- 1838, 349. Rives, Mr. his substitute for the sub-treasury bill, 359. Runs on banks in England at different periods, 238. Safety Fund of New York, 4 per cent. divided, 30. Notes of of the Governors of all the States, 287. (Southern Commercial Convention, assembled at Richmond, on Mr. Webster's resolution respecting the employment of State Bank of North Carolina vs. Cowan, 159. Stock Jobbing, nature of, at New York and Philadelphia. 32. Tennessee, state bonds sold for one million, 28. New bank Texas Money, remarks upon, 31. Tonnage of the United States, on 30th September, 139. Trade of Banking, by Michael J. Quinn, 1. And first page of Treasury Notes, monthly report of issues, for July 28. Au- Treasury Circular, the new one of 1st June, 1838, 60. Respect- Vermont-Banks resume specie payments, 142. Woodstock Virginia-State loan negotiated, 30. Exchange Bank receives Westbrook Bank robbed, 80. White, Judge, his letter of 24th July, giving his opinion re- ganthers vs. Eagle Fire Insurance case. [See legal Wildes & Co. of London, notice of their resuming payment, Whington Banking Company, 139. 140. A notice issued by them, 188. FINIS. 3 |