Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1824-07-06

.;r,, If The Pr sient, by Il ing from hi
..aice, there cant BE- no doubt but Mr.. E. would
.ons ,,It his own peace, and the wishes of h.
fr;euds a. well 40 his adversaries, by suffering
the matter to rest where the Report Of the
Committee has placed it. Hoping that these
suggestions will be taken in good part, we
rr0ceed 70 the execution Of the purpose for
which We took our pen In hand.
We have cursorily run over the articles
which have appeared in the Edwards par
~ on the subject Of the report of the
Committee of Investigation. We do not
cations against the official conduct Of the Ss-
efetary Of the Treasury, any one Of them has
been sustained, but that Of having favored
Banks with DepOsites of Money, with view
10 aid them to resist a pressure which might
otherwise have broken them down. The
magnifying this into high offence, deserving
the same sort Of punishment which has befal-
leo him who preferred The charges, shews the
ingenuity ofthe writer indeed, but il betrays
at the same time the wretched poverty ofthe
materials he has to work upon.
What is the simple history Of the transac-
ions connected with the banks in this Dis
trict Referring to the period Of resuming
tpecie payments, the earnestness with which
with Congress, labored to effect this object,
Is well remembered. The Bank Of the United
States was about to 60 iato operation, and it
was evidently in vain to attempt 10 establish
and maintain specie circulation, unless the
Banks Of this District and Ut Maryland would
agree to ,e.ume payments Ia Specie. AT that
critical moment, an appeal was made to them
by the government. In consequences Of this
appeal, a meeting of the Presidents and CASH
iers of the Banks Df this District, was held, to
consult on the expectancy and safety ola re-
sumption Of specie payments. Thxl measure
was opposed, at this Meeting, as fraught with
periIous consequences TO the Banks. In re-
Fly to this objection, two gentlemen high in
the confidence 0fthe gOs eminent, stated, that
they we're authorized by the Executive to say,
that, 10 Case Of u pressure upon the Banks 10
consequence of their accediDg u the wishes Of
the government IN this respect every aid and
facility would DC given, within the power 0f
the Executive, 10 sustain them. 1t was in
consequence OF the pledges, thus given that the
Prcsidcot consented that deposites should be-
made 10 some of these Banks, when application
wdsnade for the purpose. The power of d.
reclius in what Banks the public moneys should
be deposited was thus used, as it WAS also in
the Western country, for purposes the most
beneficial TO the comnuaiiy, and to the GO
vernmeat Of indispensable i.DpOrtsncs. With
cut this judicisus system of measures, indeed
the s"vernmen, would have been bankrupt,
as It would have been Impossible for it to col
iect the pubic revenues. Without these
measures, the public land debt would have
been almost wholly lost, and sales of public
lands entirely suspended and but for these
measures, the nation would have yet been
inundated by miserable and worthless pa.
per currency, under the influence of which the
~
with this explanation, there WAS nothing in
the conduct ofthe Secretary Of the Treasury,
IN this respect, which WAS not merely iustiiia-
BILE, but prudent, sagacious, and polite.
But II is, after all, not the Secretary of The
Treasury upon whom the Edwards party are
now dealing their blows, but the President
Every thing relating TO these Operations had
the assent aud even previous 4pprnbation Of
the President, by whose authority the Secre-
tary acted. These measures were those of
tfr President, through his Secretary, and, 10
the whole course of his administration, there
Is not period Of il which rebounds more to
is honor taan that ia which 1t 50 prov identity,
safely, and ecosvmicaIly, brought back the
currency TO a hcailhfui stale, and, in relation
10 our financial condition, placed soul un-
der the ribs Of death" rJb.
The Cftebrciion.--l is highly gratifying to
witucss the aTdUr which animatps all classes
of The cisZrus Of this Metropolis 10 their de.
sire to commemorate, sIitsbiy, the approach
Ing anniversary Of the NatiuHaI Independence !;
and, should the weather prove prunIlious, we
anticipate the most brilliant exhibition ever
witnessed here on any similar occasion. H.
addition to the Military parade, procession
will move through tbs City, which will be led
by the venerable President of IN. Uaited
STATES, attended BY The Heads Of Depart
nents, Distinguished Foreigners, ard all the Of
hcers ut thr Government, civil, military, and
naval. TIE hiasouc Society, and the various
NechaCical Associations all also jnn the
procession the Typographica! Society will he
preceded by Printing Press, strikin. OF
copies Of the Declaration Of Independence !;
ADD the other mechanical societies will like
wise perform the operations of their respective
trades as they move along. The procession
will also comprehend tn. Professors and
Teachers OF the COisses aud other Seminaries
OF Learning, with their numerous pupils pru
perry arranged. An interesting incident in the
ceremonies Of the day will be the reading of
the Declaration Oflndependence by disiin-
gulshcd veteran of the Re. olution, General
PHILIP STEWART. who will be attirrd on the
occasion IN the same uniform in which he
fought and b!ed ut the battle of Euiaw, and
wear the same sword which he there welded
80 braveIy. [b.
Celebration Of the Fourth Of July.-The
marshal ut the day has the honor to announce
to the citizens of the district of Columbia, that
IN pursuance Of the resolutions Of the commit
tee of arrangement for the purpose Of ceIebrat.
Ing the approaching anniversary of our Ma
tioaal Independence, procession will be form
ed, on Monday next, on the plain south and
fronting the presidents house, the right rest
llog I'm the coIors placed for that purpose
ia fsrsvx r a..