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Sign up freeFowle's New Hampshire Gazette And General Advertiser
Portsmouth, Rockingham County, New Hampshire
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Pennsylvania General Assembly committee report on petitions to repeal the law annulling the Bank of North-America's charter was rejected by a vote of 28-41 after four days of debate. Petitions against the bank had 1199 signatures, in favor 608; current memorials in favor signed by 2947.
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"Confining themselves to facts, and to reflections naturally arising from them, your committee conceive the conduct of the late house, in the instance of the bank, to be of most dangerous example. In their precipitancy they broke through the procrastinating forms of proceeding, which were fixed as fences against the sudden violences of power. And in their partiality they appear to have manifested a pre-determination to condemn.--Your committee beg leave to remark on some circumstances attending the memorials presented to this house, which ought to have considerable weight in their present deliberations. The subscribers to these memorials are so numerous as to bespeak the general sense of the community. In them are included the most respectable characters amongst us, men who from their intercourses and condition in life must be supposed best experienced in the effects, good or bad, produced by the operations of the bank, and from general knowledge most intelligent in the nature of such institutions.--As the proceedings of the late house in the case of the bank thus appear with all the marks of precipitancy, prejudice and partiality, the annulling act has its foundation deeply laid in injustice, and remains a reproach both to the government and to the people. But your committee, trusting in the wisdom and probity of the present house, to restore to the state its lost honour, submit the following resolution.---That a special committee be appointed to prepare and bring in a bill to repeal an act, entitled, ' An act to repeal an act of assembly, entitled, An act to incorporate the subscribers to the bank of North America :'-- also one other act,--entitled, ' An act for preventing and punishing the counterfeiting of the common seal, bank bills and bank notes of the President, Directors and Company of the Bank of North-America, and for other purposes therein mentioned.'"
At 3 o'clock, P. M. on Saturday the 1st inst. the above report was rejected by the Assembly, after having been debated for four days. There were for the adoption of it 28, and for it's rejection 41.
The Petitions against the Bank, presented to the late Pennsylvania Assembly, were signed by 1199 persons--and those in favour of it by 608, of whom 516 were of the city of Philadelphia.
--The Memorials in favour of the Bank, presented to the present House, were signed by 2947 persons.
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Domestic News Details
Primary Location
Pennsylvania
Event Date
Thursday The 22d Ult.; Saturday The 1st Inst.
Outcome
report rejected by assembly: 28 for adoption, 41 for rejection after four days debate. petitions against bank: 1199 signatures; in favor: 608 (516 from philadelphia). memorials in favor to present house: 2947 signatures.
Event Details
Committee of General Assembly reported on petitions praying repeal of law annulling Bank of North-America charter, concluding the annulling act was unjust and recommending a bill to repeal it and related acts. Report rejected at 3 o'clock P.M. on Saturday the 1st inst.