SECOND EDITIO \.

By this Mornings Southern Hail.

Correspondence Of The Tribune
.-.n-.. t,reict of n Ei.cnI Bank OF thc Z. =.
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WAsHlSG-oS June L. Isl
The plan OF the Secretary OF the Treasury Of, Fiscal Bank
OF the United States vas corzncoc TIE Sesate today
The Repor. j. briefly and simply analysis O; the Bnl
which accompanies Il: The iaIe5 very long The plan
ga, ,r week sadoy,ei forth nc laii-oaiaa ard copied
b. TIC Tribsne ana Richmond Esqsirc These ase inc only
p,r-,-. that have gwen ne views Of the administration os i
sqbject


I, ha. beca the aim o: ,e Secretary ee the project
fro, Constitutional objections. aad 70 guard u asai'H
abuses


/, !. proposed 70 establish bank ;hi> bis'F'e 'e os
called the Ffscsl Bank Of tie Z. ) S-caPI'i s'oUoV'
600 with power TO establish branches in ire States with 'Hel
assent , Government TO subscribe one-ah OF the eaP'
tai The arloan u me i;h ins;aen ao7 due the states
d, be subscribed b. the [ Tor the OF the State soI
the two amount, equa to millions stock 10 De created
having per cent, inere. reieemabc the pleasure OF the
Government after Il wears The remaining twenty millions
TO be subscribed by individuals To BE- seven Directors.
m appointed BY the President and Senate and five TO be
elected b, The stockholders The President to % chosen
by the Director. out OF ;hey body The Bank to De
fiscal agent OF the Government receive and dsbuTse the
pubs funds and perform the duties Of pension Agent without
ba-,e The dividends 10 be limited per ct-ecency
i .ny to b, made up surplus millions, TO DC
nad "a the crc,i, OF the l. 5. Treasurer Not 20 owe
,o,o than 20 millions above 1t, depc,s DeatS due the
Bank not to exceed capital and - ser cent thereon IT
is not 70 deal in any thing except coin bullion pro''s0Ty
ns-. and inland bills Of eNchanse TO take no more 'han
per cent on loan, discount paper having n'orc than
1870 DAYS to run debt be renewed not to loan the t.
States a, any one than three millions nor any State
more thas 500 900 to deb longer than year
to issue no note les, than SO 0cers OF the Institution t'
be prohibited from borrowing, directly or indirectly


The Books OF the Institution be open at all times to the
inspection OF the Secretary Of the Treasury, Ia Committee
OF either House Congress Committee OF the Stock
holders and the Directors The Branches not ia issue
notes, but may sell drafts less than $40 The Bank NOT
Z. suspend specie payment not to pay any thing but
coin or bullion for its The Corporation 10 exist
for 20 years, The Repor, and Bill contain variety Of other
suggestions all OF which YOU will find in the Madsonan of
Tue,dav The Ms. Is now lying before


Your, ARGus.