Rhode-Island Republican. [volume] (Newport, R.I.) 1801-1806, 1803-03-19

mIration, tha, it shouii have beea 70 promptly
made. Nos. can it be olhcrwife accounted tor,
than ffom the clear and correct principles which
have governed the conduit ofthe Secretary. and
his ability to eiucsdaGe at moments warning
the moa elaborate icruriny iato the traniattions
OF his department.. even TO the fatisfseiion. we
will FAY. of thofe who had previoufly confused
mosths, in the leiiure of their cloiets. in dil.
c c,vering the mot valnciab!e and artful poia:s
of attack.
We mean not to adu!ate; but we feel an
honeh pride in pronounciog the order Of the
Houie TO print two thorisnd copies OF the let
ter of the Secretary, we'll merited mona me az
raifed TO his talents and integrity. ~
Bot AZ il there were a fatality attending all
unwarranted attempts TO biacken character, there
was another torlorn hope, not 90 lie sbaudoned
in day of political dctpair. that appears to have
been chefiIhed with an unufual ardor Of expsc-
talion. but unfortunately for iu devotees ter
minated 10 diiapsointment and humiliation.
The fa!e OF the BANK SHARES has long
been topic Of federal traduetion. The impu-
nifty With which the groAet cslnmsies have
been fuffcred TO cigeula,e through the medium
of newspapers and circular letters, leems TO
them with an expectation thai the Aoor of the
Houic Of Representatives might. az a folaie
iesfon, be made the iuceeisful theatre of more
authoritative reproach.
Accordingly on Thurfday. the lsf day Of
the iefion, Mr.. Byard moved reiolution for
the appointment of comni,tec, ~iih inRruc-
tions to enquire into the legality Of the iale Of
the Bank Stock, ALTO into its expediensy, and
whether the United States did not fuft air a lois
thereby.
This refolution was preceded by long
and elaborate fpeech, ia which Mr.. Bayard
introduced detailed itatenens derived from an.
oninous documents, of the price Of Bank Stock
at the period OF fale, and the rate of exchange
between the United States and Loodon, and
Amferdam, and between London and Amacr-
dam. His Object. he iaid, was TO prove that
the iAIc was Illegal aad iaexpedient. and thar it
eventustec in lois OF 1000 dollars TO the
United States.
Mr.. Bayard was Immediately followed by
Mr.. Randolph, Mr.. Nichoiion, Mr.. S. Smith
and Mr.. Bacon; who, alpslled every doubt.
aud he~ed the ials to have been legal, expe-
dicnr, wife. and prodaetivc of comfortable
faviag to the United States.
Nti. oft"oiu tOfcWVu, dnu az \ SioSk
the HoGie adjourned without coming 20 &C.
cGon.
In the evening feiion the difcufTion was
again reiumed. in debate OF a mott deiultory
character, which was NOT terminated ill be.
tween II aud i, o'clock.
Various motions and deci6ons were made
Of which we iha!I at preient fate only TWO IRE.
serving for future day, which hall he very
early, complete report Of the whole debate.
The Houic rejected the motion OF Mr.. Bay.
ard-Yeas a4-Nay, 40.
When. on motion Of Gen. S. Smith, q
refolarion declaring that the commiiEonen were
suthotifed to fell the Bank Shares, and that the
iale made by them was expedient. and the re.
fult highly conducive 20 the intereas of the
U. S.a,es,--was adoc,ed-Yeas 4i-Nsys IL.
Ii may be. neceNAry TO obicrve that the let
ter Of rhe Secretary of the TreAfury isa CON.
plete refu,ation Of the charges made in the dif
cufiion Of rhe notion, Of bo,h MIR. Cnfwold
and MIR. Bsysrd. ~