The strongest objection to the renewal of the charter lay in the great portion of the bank stock held by foreigners.

Not on account of any influence over the institution, since they had no vote; but because of the high rate of interest payable by America to foreign countries.

If the charter were not renewed the principal of that portion, amounting to $7,200,000, must at once be remitted abroad; but if the charter were renewed, dividends equal to an interest of about 8-1/2 per cent.

per annum must be remitted.

Mr.Gallatin's report closed with the following suggestions:-- I.That the bank should pay an interest to the United States on the public deposits above a certain sum.
II.