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Daily National Intelligencer
Washington, District Of Columbia
What is this article about?
A large stockholder writes to the editors of the National Intelligencer advising the directors of the Bank of the Metropolis to call a stockholders' meeting to decide on operating without a congressional charter and to rent a banking house near the Treasury instead of purchasing one until a charter is obtained. Dated February 18, 1814.
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TO THE EDITORS OF THE NATIONAL INTELLIGENCER.
Gentlemen,
As it appears to be very doubtful whether Congress will grant a charter for the Bank of the Metropolis; would it not be advisable for the Directors to call the Stockholders together, to decide whether it would be proper for the Bank to go on (without a charter) agreeably to the articles of association, or not? At all events, I think it would be but prudent for the Directors to suspend the purchase of a House, as a Banking House, until a charter can be obtained, but to rent one, which can I believe be easily done, and very contiguous to the Treasury, and other public offices,
A LARGE STOCKHOLDER.
February, 18th, 1814.
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Letter to Editor Details
Author
A Large Stockholder.
Recipient
Editors Of The National Intelligencer
Main Argument
directors should convene stockholders to decide on operating the bank of the metropolis without a charter if congress denies one, and prudently rent a banking house near the treasury instead of purchasing until a charter is secured.
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