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Legislative and Documentary History of the Bank of the United States
David A. Hall,Matthew St. Clair Clarke
Visualização completa - 1832
amendment amount appears argument authority believe bill borrow branches called capital carry cent charter circulation citizens clause collect commerce committee Congress consequence consideration considered constitution construction continue corporation course create debts deposite direct directors discounts duties effect equal establish execution exercise existence expediency express fact favor foreign funds further gentleman give given Government grant hands honorable House hundred important incorporate individuals influence institution interest issued Legislature limited loans manner means measure ment millions motion national bank nature necessary notes object observations obtained operations opinion party passed payment persons political present President principles produce proper proposed question reason received regulate renewal respect rule Secretary Senate shares specie stockholders subscribed subscriptions suppose thing tion trade treasury treasury notes United vote whole
Página 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...
Página 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.
Página 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...
Página 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...
Página 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.
Página 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.
Página 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.
Página 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...
Página 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...
Página 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...