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The Patowmac Guardian, And Berkeley Advertiser
Martinsburg, Shepherdstown, Berkeley County, Jefferson County, West Virginia
What is this article about?
US Senate committee reports bill for National Bank based on Treasury Secretary's report; bill read first time and printed. Discusses how bank will provide capital to improve agriculture and national industry/prosperity.
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A principal cause of the low state of agriculture is the want of capital to make improvements: the plan of the National Bank holds up the prospect of relief: such a great capital thrown into circulation will diffuse new health to quicken the industry of the country; many millions of new property will be set in motion, and a new celerity given to the old stock.
The farmers may look forward to a more improved state, and of course to an higher degree of prosperity: with the means, it is to be hoped, the spirit of improvement will be diffused.
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Domestic News Details
Event Date
Monday Last
Event Details
The Senate committee referred the Secretary of the Treasury's report on a National Bank and reported a bill, which was read the first time with 150 copies ordered printed for legislature members. The low state of agriculture due to lack of capital may be relieved by the National Bank, injecting capital to quicken industry, set new property in motion, and improve prosperity for farmers.