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against mismanagement of the Bank, several provi. sinns have been inserted, which 1t IS hoped may be efectnal.

 l. No paid officer of the Bank is receive loans or accommodations in any form whatever.

 2 Securities are provided against abusive use ot proxies. such as that no officer of the Bank can be proxy; no proxy can give more than 300 votes; no proxy to be good which IS of longer standing than go days, &c.

 other than legitimate banking business excu- ding all dealing in stocks and all commercial opera tions.

 A. A req,ison that majority of the whole num- ber of the board of directors shall he necessary to transact the business of the corporation

 5: Ample power to make the most thorough exami- nation into the condition and proceedings of the Bank, down to the accounts of the individuals by totally moving from the Secretary of the Treasury and con- mi,tees of Congress the veil of secrecy; and

 G. By denouncing and punishing as felony the crime of embezzement of ine funds o the Bank when perpetrated by any of it's officers, agents servants

 Concurring entirely in the sentiment expressed by patriotic statesmen, whose opinions are entitled to consideration and respect, have questioned the pow CT of Congress to establish National Bank and that is desirable, as far as possible to obylate objections and reconcile opinion, the Committee have attentive ly and earnestly examined the provision incorporated in the draft of the bill of the Secretary in regard to the branching power of the Bank; and they would have been happy ifthey could have reconclled t to their sense of duty adopt it, But, after the fullest consideration they have been unable to ave at that result.

 mittee agreed to the location of the Bank in the Dis trct of Columbia. This they did because they be-

 eved that the utility of the Bank did not so much capital faculties. and powers which should be given to it. But to isoste i. in this District, without giving it any other branching power than such as it might denvs from the of particular states would be to create an enormous District Bank. devoid of effect i've national character. Such . Bank would be Bank only of the District of Columbia, and it's offices Gf discount and depOsse would he nothing more than nka Of hA afAfA xvhlr Ohk he planted within their respective limits. For all tona purposes Congress might we'll recharter one give it authority to es,ablsh oiees of discount and deposte in any that would permit it to be done

 The Committee believe that the capital of q bank 90 constituted, would never be takeni and that, taken the institution would be wholly unable 10 ac complsh the great and sautary purposes for which it is desired anG should be designed.