Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1832-09-21
POLITICAL.
From the Washington Globe.l
THE NEIO 4 n u IHE RANK M

THE VETO AND THE BANKING. H.
The first ecion made by the President TO The act
charterng the Bank of the United States ought of itself
TO be conclusive in country of equal rights lie shows
concnsvey much so that advocate of the Bank in
the Senate out of it, has dared DENY it that the act
would have operated as PRESENT, from the people to
the stockholders, of more than SEVEN MILLIONS OF
DOLLARS!
The stock of the Bank is $50 900 shares of 100 dollars
each, 10000 OF which subscribed by the govern.
nent and 100000 by private citizens In original
subscriptions Tor the private stock, there gross fraud
as the President of the Bank has recently ackow
In page OF the "Repo OF the proceedings of ren-
NAL meeting of the stockholders held son the st dav ol
September 1891 he sets forth the number of stockhol
ders in the Bank each year from 1877 the time it
menced operations down 1881 inclusive and
the following remarks, viz:
alt will here be perceived, that the original subscrp-
IONS were divided among great number of persons in
0TdeT 10 secure the amount IF stock DESIRED bit became
fer,odrds cOncented in The names of the real o,pners
Inc whole number OF stockholders in 1920, 272O-
From that period the number has risen TO 4I45'
Here is direct confession, that the original subscrip-
lions were, in great measure fraudulent Rich men in
order monopoze e stock procured others to subscribe
Tor hen with the secret understanding that the Bank
had commenced operations they should transfer the stock
under Pretence OF SALE to the real owners The extent
OF this fraud may be perceived by advernp TO the
nen 1t shows, that in 1917, lero were 81 $40 stock
holders, and in the year 1926 272O showing that ,ere
less than 2s $50 fraudulent subscrn,ions No,
huch could be expected from Bank which commenced
IN fraud on the community so stupendous Bv these
fictitious subscriptions the honest bona fde subscribers
were cheated out OF large portion of the stock which pro-
perry belonged to them and the whole concern was
thrown into the hands OF few spectators and
bers. -
So valuable were the exclusive privileges granted to
the corporation that these artfu gentlemen realized in
lew years, seven eight millions Of dollars BY the increase
IN me value OF their stock above par For every 500
paid in they they realized 125 $780, which was eoui-
vaent to present from the Government screen or eiebt
millions As the President well observes this could mot
nave Deen guarded against in the original charter
could not be ioreseen No blame ought therefore, to be
attached to the Congress of 1916 on that account
But what apology was there for the Congress of 1892
to give to the holders Of this stock seuen or eieht millions
more Certainly, those who had by fraudulent subscrp
IONS originally InonopOlzed the stock aud the bounty of
Tie government did not deserve be rewarded nv
gauy' Nor Is there either policy justice in giving
10 lne foreigners who IS ,405,500 Of the stock two
OF three millions at the expense of the American people
OF Is there any proprey in giving, by act of Congress
90 "V per cent even to the honest purchasers OF the
STOCK among our citizens. II is not the business of
congress To make presents at the expense Of the peope
Asgusy Shd az properly might they appropI late seven mr.
t,ge ,.nohs OUT OF the Treasury giving each stock
"oIueT MS snare by name. What would be the language
Of the American people had they appropriated that ann
out OF the Treasury few our oy rich citizens
nave rauduIcny monopohed large portion of the stock
ana 70 me hoby and gentry Of the British Empire2-
Would they not have loudly demanded of their
ahyes, why was that they had so trincd with der os
sental interests?
In list Of stockholders, communicated 10 Congress b
he Secretary Of The Treasury the 23d January last we
nave the names OF those who receive this praitv
and The number Of shares held by each We scec f. 80
81 lhe foreigners for the information Of the people
The Right Honorable Sir William Alexindcr KNIGHT.
&c. "d oilers, owning $4,000, would have received af
ea' $zoO not Of he royai but Of the republican boun
The Right Honorable Sarah. Countess Dowapcr Of
Case stewart owning 1000 in stock would have re-
The Most Honorable Francis c. s. Conway. Marouis
S25 900. "'''' '"'' '''o'''' al 's'S'
Right Honorable Lord HenrysYiscount Cage" own
ing $4,000 would have received S8 900
" rev George Gordon - - Dean of Lincoln, - on, min a.
Sol IuV. would have received $7772
>" ""n'" NeppeI' General IN bis Britannia Majes-