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Editorial
June 4, 1819
Alexandria Gazette & Daily Advertiser
Alexandria, Virginia
What is this article about?
Brokers Henderson & Fitzhugh issue a bulletin correcting a Georgetown broker's list of District of Columbia banks paying specie, affirming that the Mechanics' Bank has resumed payments alongside others like Alexandria, Potomac, Farmers', and Union Banks.
Clipping
OCR Quality
95%
Excellent
Full Text
Bulletin.
To all whom it may concern these PRESENTS come greeting :
WHEREAS one of the brokers of Georgetown, has, in the plenitude of assumption, issued a kind of mock manifesto, designating by his dictum, those banks in the District of Columbia which pay specie for their notes: and, like another Atlas, has taken on his shoulders the burden of their responsibility.
And whereas the aforesaid personage has, without conferring with the banks in Alexandria, "considered it his duty" to pronounce on them his opinion : and in so doing has either wilfully or ignorantly excluded the Mechanics' Bank from his list of "banks paying specie"
Now these are to certify, (the aforesaid Broker's proclamation notwithstanding.) that, in addition to the Alexandria, Potomac, Farmers' and Union Banks. (which have, under the most severe pressure from the brokers on the other side, invariably and constantly retired their notes by drafts on the NORTH, or with specie) that the Mechanics' Bank has resumed specie payment.
"We hold ourselves responsible for the above declaration to the public.
Done and perfected at our office, corner of Prince and Fairfax streets. this second day of June, Anno Domini 1819, and in the first era of our vocation.
HENDERSON & FITZHUGH.
Brokers.
To all whom it may concern these PRESENTS come greeting :
WHEREAS one of the brokers of Georgetown, has, in the plenitude of assumption, issued a kind of mock manifesto, designating by his dictum, those banks in the District of Columbia which pay specie for their notes: and, like another Atlas, has taken on his shoulders the burden of their responsibility.
And whereas the aforesaid personage has, without conferring with the banks in Alexandria, "considered it his duty" to pronounce on them his opinion : and in so doing has either wilfully or ignorantly excluded the Mechanics' Bank from his list of "banks paying specie"
Now these are to certify, (the aforesaid Broker's proclamation notwithstanding.) that, in addition to the Alexandria, Potomac, Farmers' and Union Banks. (which have, under the most severe pressure from the brokers on the other side, invariably and constantly retired their notes by drafts on the NORTH, or with specie) that the Mechanics' Bank has resumed specie payment.
"We hold ourselves responsible for the above declaration to the public.
Done and perfected at our office, corner of Prince and Fairfax streets. this second day of June, Anno Domini 1819, and in the first era of our vocation.
HENDERSON & FITZHUGH.
Brokers.
What sub-type of article is it?
Economic Policy
What keywords are associated?
Specie Payment
District Banks
Mechanics Bank
Alexandria Brokers
Economic Declaration
What entities or persons were involved?
Henderson & Fitzhugh
Mechanics' Bank
Alexandria Bank
Potomac Bank
Farmers' Bank
Union Bank
Georgetown Broker
Editorial Details
Primary Topic
Correction Of Banks Paying Specie In District Of Columbia
Stance / Tone
Defensive Correction And Affirmation Of Bank Reliability
Key Figures
Henderson & Fitzhugh
Mechanics' Bank
Alexandria Bank
Potomac Bank
Farmers' Bank
Union Bank
Georgetown Broker
Key Arguments
Georgetown Broker Wrongly Excluded Mechanics' Bank From Specie Paying List
Alexandria Banks Have Consistently Paid Notes With Specie Or Northern Drafts Under Pressure
Mechanics' Bank Has Resumed Specie Payment
Henderson & Fitzhugh Take Responsibility For The Declaration