Thomas Rotch letter to Seth Adams, Kendal, Stark Co Ohio 4 mo 13th 1816

              A-30-12 
     [page 1]
			Kendal  Stark Co., Ohio  4mo. 13th  1816
	Respected Friend
		Seth Adams Esqr
			       Thy esteemed favour of  30th December
	1815 came Duly to hand for the contents of which please to
	accept my thanks.  having heard of thy absence from
	home has prevented me from writing before and the ge
	=neral stagnation of business in Our line from the abun
	=dant Importation of Woollens has rather excited a wish to check
	our Operations for a moment and reflect upon the event
	which having closely engaged my attention the result is
	nearly as follows.  That the Government should grant
	Charters for Banks in each County where population &
	respectability of character is sufficient to gain the con
	=fidence of the Government, restricting each to Twice the
	amt of the Capital & the amt of the deposits or to three times
	the amt of the capital Stock in the issuing of paper-regard
	=less of its currency abroad, the obstruction of which, by its
	depreciation abroad, will operate as a check to the redun
	=dency of foreign goods now imported into this state while
	the convenience of a circulating medium that has a currency
	by common consent will answer all the purpose of domestic
	trade, while at the same time the Vaults will afford an assylum for all
            the Species brought over the mountains and up the rivers except that which
	may find its way into the Land offices as there are no states that
	may rely with more certainty upon the permanancy of  Bank es
	=tablishments than those where the un Occupied lands are part[illegible]