Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1832-05-18

Executive government 1t shall be my earnest endeavor
10 iuhi their expectations TO maintain with hrmness
and dignity, their interests aud honor abroad; TO eradi
cate every abuse and corruption at home; and uphold
WIN vlgo anu equality and justice, the supremacy ofthe
Constitution and the Laws.
Our greatest interest, in this world liberty De-
rived itom our ancestors by whose yaor and blood
esaohShed depends upon the vigilance virtue and
egence, OF the present generations whether il shall be
preserved and transmitted 10 poStery the most pre-
cious oil all earthly possessions Next that in impor-
lance, our Union indssoluby connected with IT, also
derived from the fathers of our country But what we
want is practical, efficient, and powerful Unon-one
that shall mparially enforce the laws towards all who
ci individuals communities who Justly subject TO
Their authority; Union which, if it shall ever be deem
ed necessary to cidc member Of the Confederacy
or rash AMI Incorporate expressions threatening its dis
urance, viii snatch violated laws and treaties from be-
meath the feet of another member and deliver Free CHI
priSonment ~
Gentlemen, it belongs TO you and the Young men If
your age to decide whether these great blessings of Lii
berty and Union shall be defended and preserved IT,
responsibility which attaches TO you is immense II Is MOI
our own country alone that will be affected by the res
OF me great experiment OF self government which will DC
shorly committed exclusively your hands The ewes
oil all civilized nations intensely gazing upon us: and
may be truly asserted that the fate of liberty hrourb
out the world mainly depends upon the maintenance of
American Liberty May you, gentlemen, be deeply
penetrated with the magnitude of the sacred trust conded
10 YOU May you transiuc into the bosoms of your con-
temporanes the enthusiasm which burns in YOUR own,
ANA may the career, which you are lust entering all
De long, and happy, and iustriOuSl
During short recess, Mr. Clay introduced TO each
from the Hall '''" "'e" ''''rcu
The President now took the Chair, and the Convention
resumed business-Ib.
The Young Mems Convention are about this dav 70
close their abors and the week, by pous visit TO the o,
OF WASHINGTON.
BANK or THE UNITED STATES.
mad an opportunity, yesterday, of hastily examining
the Counter Report OF the Minority of the Bank Commit
rec presented i'll the House OF Representatives bv MIR
MeDviiie It's from the pen Of this gentleman, but has
the full consent OF Mr.. Adams and Mr. Wotmonoh ,h
he ilv IN
We will endeavor in few words give the reader an
le Tenor oil the Report as may be days be-
lore a copy OF 1t can be obtained for publication
The Report begins by examining the six cases prcsert
cd In the Report OF the Majority, subjects of imputa
non touching The violation OF its charter by the Bank
ihese puiatons are all unequvocay condemned as nm
usalaole; and in of the great credit is given
TO The Bank Tor the very transactions which ara in the ma
Jo1ty IS report subjected to censure.
The case OF the loan TO the Editors of the Now York
courier and Enquirer taken up and fully examined
ana The Report tested by the evidence in the case This
orahc the couner-reportis concluded the following
terms: Undcr all the circumstances of this case Inc i
- no1ty oil the committee declare without anv reserve
na mere Is nothing In these Transactions calculated TO
uuce hemto doubt the honor and int crity of the D
rccto and this they feel authorized TO say is the opin
" ION OF the majority OF the committee from the opinion
" publicly expressed by Of its members (Col II M
" Johnson) They also deem due to the occasion and
" TO their own sense OF justice, that they should add that
" 1ney 40 not believe there exists in the United States
" Bank Direction composed of more uprigh Independent
ana honest men than that which granted the loans in
g question" ~ "
ne next sut9ect examined by the Minority is Tho
transactions OF the Bank with Thos. Biddle s. Co which
are thoroughly probed One incident is so remarkable as
todeserve special notice 1t is the refutation of state
ment lhplcang the President of the Bank by the fact
proven thar for several DAYS before and so
veral days alter the alleged date of the transaction Mr.
duie he Presidency was absent from the Bank on bust
ness, at Washington "Thus, says the minority "was
" TINS ariuiy-devsed story which was intended TO blast
" me reputation OF high minded and honorable man
through one OF those extraordinary interpretations bv
w,ch providence sometimes conioundS the contrivances
oil Tie wicked, made TO recoi upon the head of IFS nyen
l0r VINO must forever stand forth blasted monument
y Oh 'he speedy and retribuive Justice of Heaven" In
all transactions OF the Bank with Thomas Bidde Co. in
steau oil hndng any thing censure the Minoritv state
that the President of the Bank appears ALWAYS 10 have
acted win The most scupuous delicacy. Before the Com
ittee separated, further appears, Resolution was
ON this head. '0
The counter then goes on to examine and reGe
various other positions taken in the Report of the aor
W respecting the transportation of specie, exchange SC
anu declares the opinion that there no part of the Union
men Is so much benefited by the general operations of
'he Bank as the Southern and Western States
In regard to the comparison drawn by the majority be-
tween the condition of the Bank in 1919 and now the
counter report says, that the minority but regard
" me comparison thus presented by the report as unfair
ana PARTIAL and calculated to produce impressions on the
- public mind as absolutely erroneous as they would be
" positively pernciOus." This position is sustained bv
Sc anu arguments at considerable length, summing up
mus; Upon The whole, that the Bank is only fully
- able TO meet all its engagements but is i'm state of the
- highest prosperity"
The counter report concludes with the following une
quivocal expressions: Upon a review of the whole
50 ground occupied in the examination they have made
" TIE minority are of the opinion that the affairs of the
= Bank nave been administered by the President and Di-
= rec'os with very great ability, and with perfect fidelity
$ to all the Obligations the stockholders to the Co
g ernmcnt' and to the country. They regard the Bank
: as an Institution Indispensable the preservation OF a
SOUND currency, and TO the financial operations of the
government and should consider the refusal of Con-
- gress to renew the charter great national calamity
hey WIZ add, in conclusion, that they are equally
decided in the opinion that Congress called upon by
the most weghty and urgent considerations to decide
" TINS important question during the present session.