. The American encyclopedia of history, biography and travel . H O*3 f> Wg B>eg 5* H CM c. 404 AMERICAN ENCYCLOPEDIA. purpose, various articles for the regulation of commerce between Englandand the United States were adopted. Before the expiration of the timewithin which, by the treaty, all vessels taken by either party were to beheld good prizes, several engagements at sea were fought, and several cap-tures made. Among them the American frigate President was capturedby a British squadron; and the British ships Cyane, Levant, and Penguin,were taken by the Americans. At the next session o


. The American encyclopedia of history, biography and travel . H O*3 f> Wg B>eg 5* H CM c. 404 AMERICAN ENCYCLOPEDIA. purpose, various articles for the regulation of commerce between Englandand the United States were adopted. Before the expiration of the timewithin which, by the treaty, all vessels taken by either party were to beheld good prizes, several engagements at sea were fought, and several cap-tures made. Among them the American frigate President was capturedby a British squadron; and the British ships Cyane, Levant, and Penguin,were taken by the Americans. At the next session of congress, a bill was passed incorporating theBank of the United States, with a capital of thirty-five millions of charter was to continue in force until the third of March, 1836. Thismeasure was the subject of a very earnest and protracted debate both asto its constitutionality, and as to the principles on which the bank shouldbe established. Mr. Madison was succeeded in the office of president by James Monroe,March 4, 1817. The country was now at peace, but its condition was b


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