N.C. Governor Daniel Webster.
The Bank Bill of 1822 was an act passed by the Northern Confederation Council and signed into law by Governor Daniel Webster. The Bank Bill lowered the standards for the establishment of banks in the Northern Confederation. The Bank Bill was one of the first legislative accomplishments of the N.C.'s recently-formed Liberal Party, which represented the interests of a new class of wealthy industrialists such as Cornelius Vanderbilt and Malcolm McGregor.