Propositions … with Some Objects of Benevolence and Public Utility.

• imprint_number: 1812.060
• title: Propositions to establish a mechanic's bank in the city of Richmond, connected with some objects of benevolence and public utility. By Henry Banks.
• sequence_number: 60
• year: 1812
• place_issued: Richmond
• issuing_press: Augustine Davis
• author: Banks, Henry (1761-1833).
• notes: A commentary on the anticipated agenda of the forthcoming session of the Assembly; Banks had published similar commentaries before (1810.109) and after (1811.025 & 1811.026) the December 1810 Assembly; his principal concern was the lack of public institutions that could assist the economic development of the state, particularly the limits placed on finance as a result of limiting banking functions to a single Bank of Virginia controlled by the wealthiest Virginians; the December 1811 session chartered a second bank, a Farmers' Bank of Virginia, but that legislation did not match the scale Banks had proposed previously; rather he wanted dozens of banks that would democratize the state's financial institutions.
  This tract also offers the text of a petition to the 1812 Assembly (1812.111) for a mechanics bank at Richmond, which he hoped would be the starting point for a debate of legislatively-approved projects of "public utility." However, the Assembly rejected the petition out of hand on the day it was received by the House of Delegates, December 5, 1812.
  
  
• Related Bios:
  • Augustine Davis

This version of the Index of Virginia Printing was a gift from the estate of the site's creator, David Rawson. The content contained herein will not be updated, as it is part of the Library of Virginia's personal papers collection. For more information, please see David Rawson Index of Virginia Printing website. Accession 53067. Personal papers collection, The Library of Virginia, Richmond, Virginia.