American watchman and Delaware advertiser. [volume] (Wilmington, Del.) 1822-1828, 1824-06-25

terminated their sittngs and have made brief re-
port, which, with the evidence and documents re-
ceiyed during the inquiry, will be printed for the use
of Congress, in pursuance TO a resolution passed at
the close Of the session.. From what we have
gathered with respect to this report, it generally
confirms the former report of the same committee,
as far as that went and gives the result OF the add
tonai testimony which has been given in during the
sitting Just terminated
Ii will be recollected that the Secretary of the
Treasury transmitted to the President OF the Senate
lin February, 1928, letter, stating that no loss
would be sustained by the public, in consequence OF
1.-The loan to the Franklin Bank of Alexandra. The
new evidence received tends TO shew that there will
be final loss from this bank. Another point EN-
braced in this evidence, relates we understand,
Ito the Bank of Vncennes In which case, also, proof
was received of he certainty OF ultimate loss, we'll
las the amount 1t has also been received in evidence,
that the pensioners and public creditors of the U.
nited States, in East Tennessee have in some cases.
had their demands lquidated in funds which were
below specie value, but the report, we understand,
states that this done without the knowledge OF
the Secretary. With respect to the Receivers let
ter the report states that the committee still retain
the opinion expressed in their former report, that,
although the letter wrtten there is no evidence
of its transmission to the Secretary The report
concludes with repetition of the former opinion OF
the committee, that nothing has been proved to i'm
peach the integrity Of the Secretary, or to bring in
to doubt his general correctness and ability.
/ Such we believe to be pretty correct summary
Of the report. which shall endeavor TO lay before
our readers in its official form, early as practical
BILE. Where now is the honorable and triumphant
Iacquttal of which the radical presses SO loudly
vaunted? Where is the sentence Of political per-
dition and moral iniamy which was to be passed
upon MIR. Edwards by the report To us, it app
pears to leave Mr.. Crawford 10 rather CON
dton than he was left in by the last report, mas
much as the little additional evidence which has
been received tends to shew that the hopes which
he created, that the public would sustain utti-
mate loss from his unauthorized and Illegal loans,
have turned out TO be premature and deceptious.
Nor does the report, by acquittng him Of all
knowledge OF the payment of the Tennessee PEN
sinners in deprecated funds, render Mr.. Crawford
much service, nor place him in a very elevated
ground before the people. 1t proves that there has
been criminal--an injurious laxity in the admin.
istraton of the Treasury Department. leading 20
consequences which never would have occurred
II under the management of an efficient and vigilanc
4 head. If the practice of proppng up insolvent
banks by loans of public money. made too at a
moment when the government itself was obliged
to resort to loans, be dangerous practice, we'll
as direct violation of law, no precedent ought to-
be received as justification of it, and no Secreta
ry who has been guilty of it, ought to be again in
vested with public confidence and authority If,
\ also, it has been proved, that owing to want Of
vigilance on The part of the Secretary, public PEN
soners have been suffered to become the dupes of
Treasury agents, ignorance the part of the Sc.
cretary ought never to be received as justification
for neglect Of duty, by which injury has been
done TO so deserving portion of the community.
Fl Washington Republican.