Constitutional Whig. [volume] (Richmond, Va.) 1824-1832, 1824-06-29

Minister to Mexico. We are now ,hIo IN
state, with more certainty, that such is the fact
MIR. Edwards communicated his resignation inn
Iicd'ately alter the Report of the Investigating
committee was sent to the President, and be.
fore the President had time To read the rc,ort
and evidence through. rH.
REPORT OF THE COMMITTEE OF IN.
VESTIGATION.
Inc Select Committee (of the House of Re-
presentatives) to whom was referred the No
| moral, or Address, of Ninian Edwards bov;nr
IN obedience TO the resolution of the House Of
Representatives, of the 26th of May, continued
70 hold ITS sittings, after the adjournment of tho
House, until the 21st day of June, have agreed
on the following
REPORT;
In recommending in their former Report. :,
continuance OF the existence and powers of the
| Committee, it will be remembered. that Tho
reason given for that Recommendation was. th,,
OBVIOUS propricty, before final close of tbe
investigation, OF having the personal presence
and examination of the author of the address
which had occasioncd the appointment of the
committee. Such examination has now been
had MIR. Edwards attended the Committee
in obedience to its summons on the 7th of .Jpna.
has been examined witness by its droc
lion, cross-examned by gentleman ATTENDING.
IN behalf OF the Secretary of the Treasury. ana
ms testimony, together with that of the other
Witnesses is communicated with this Report; as
are, also, various documents and papers, which,
nave ocen referred to, and produced, in the
course Of the examination.
paper, III reply to the communication hero.
to!ore received by the Committee from the Sc
cretary, and another, i'll the nature of an arru-
mcnt on the whole case, have also been prescn-
ted by Mr. Edwards, and considered by the
| Committee.
Inc evidence has run nto much detail and
some parts oft, probably, have not a very ma.
terlal application to the main subject of INQUIRY.
1t seemed proper, however, to the Committee.
| TO allow to hose concerned liberal indulgence
in this respect.
After patient attention to all the evidence
and to whatever has been urged, in the way of
reasoning on the case, the Committee see no
cause to change Or modify IN any material ~
poet, The roSsslt 10 which they came on the far
liner investigation, and which they have already
submitted to the House. On the contrary tbo',
nhd, IN this further and fuller examination .
corrooorauon, generally speaking, of the on;n.
ions wirchthey have heretofore expressed
on some parts of the inquiry, indeed. evil
uehce mas now been PRODUCED to points which,
were not, individually and particuIarlv t,Lo,,
into the consideration of the Communities ~. a.,
former occasion. TO these, perhaps. some TO-.
iercnce ought now 10 be made They mo-, he
considered as new articles, or new spec;fI.at;on.
OF charge; and although not very ,tefn;telv -.
formally made, yet, as evidence has been taken.
intended to support them, they become sub,
jects of consideration. 'No'
One OF these respects the deposites of mill,
money, made or allowed by the Secrctarv =,
the Banks of this District, at the instance a,5
on the solicitation Of the Banks themselves and
! as an accommodation to thcrn at time ofcon-
siderable pecuniary pressure, in 1910.
In their former Report, The Committee exs
pressed thcir OPINION IN relation 10 dcpostes of
tiiis nature; and referred TO a public cornnuni,
cation OF the Secretary, in which the f,r.is ,cor
avowed, and in which practice, of q like che.
facter, was stated to have been of carly cxis-
tence and long continuance. The Committee
ala not deemit necessary to call for proof of that
winch was ADMITTEDLY and as il was of onin,o,,
that the practice itself was irregular and dan
gerous IT did not think it material to- inouire
Partculariy' whether, IN the only case in which
loss was apPrehcndcd from This cause, the pro.
liability of such loss was either greater or lose
than the Secretary had supposed. This appre-
hendcd less IS in the case of the Franklin Bank
of Alexandria. In the letter Of the Secretary
to the President OF the Senate of the 2jth of
February, 1926, he SAYS in regard TO this BanI,
that letter Of the District Attorney, tllerewit,
communicated, showed there was no daprer Of
loss TO the United States.
The evidence now offered ard received, tends
TO show that there is probability of final loss
from this Bank but in other respects tI,ere ;s
no new view of the case presented.
The debt due TO the Government from the
Bank OF VincenDcs, has also been brouoI,,
forward, and made the subject of,in1,iry and
proof. Nothing distinguished tbis case from
those OF other Western Banks in which tie puf,-
lic money had been deposited, aud in regard 10
which loss had happened, or was expected. g
attracted the attention Of The Committee, a. -
portant to be considered, at the time Of II
former Report.
The case Of this bank had beer pyeyio,
| made the subject Of a Report TO the House N
the Secretary, on the 21st of Fcbrr-~y. 1a7SV
! IN answer to a resolution passed on the thirty
ilr't oil january preceding, in which 81 statement
| OF the debt, and the means which had been Ia
ken and used to secure it, were laid before Con-
gross. The evidence now taken, relates prin-
cIpaliy, as in the preceding case, to the amount
OF the loss which may be expected to be incurr-
ed.
| The only remaining charge which nav be
regarded as not before examined. is an allcga-
ton, or intimatioD, that, owing 20 the fault OF
the Secretary, the pensioners and public credr.
tors Of tho government in East Tennessee, were,
m some instances, paid in bank paper not equi-
! yalent 10 specie.
i Tho circumstances attending this transact
ton sccm to- be fully stated in the testimony Of
Hugh II White. 1t does not appear tb9t any