Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1832-06-05

not be more sxpeHent than tho renewal Of s Charer
Incning rather to the latter these measures before the
institution oil this inquiry, he has been very strongly
rmed in that opinion by the result Of the i'm
which he has shared.
The management of the affairs ofthe corporation during
thu administration OF the present President, exempt
from human error and nrnity has yet appeared him
marked with all the characters of sound Judgment oflbe-
raj spirit, OF benevolent feeling and OF in
tegry large proportion of its officers in subordinate
Of the Society of Friends class of citizens pc
cuarly qualified for the performance of duties and the
exercise OF qualities appropriate to the successful manage
ment OF monied estabishments--ndustry, punctualy
temperance, aud conscientious discharge of all moral
obga atoms
In considering the numerous aud important publc scr
vices, and the large contributions of the present Bank
the Government aud People of the United States he thinks
the least return which they justly authorized TO ex
pect from the equity OF the nation the renewal of their
charter. The benefits and profits of the Bank have been
enjoyed by the nation far beyond those shared bv the nd
vidual stockholders Besides the bonus of million
half OF dollars paid to the public treasury the charter
besides the saving OF the expense loan offices for the
payment OF the public debt principal and inerest-besles
the obligation of transferring the Government funds 10 and
from every part OF the Union as the public exigencies
qIirche nation has held fifth part of the stock from
the commencement OF the institution TO this time with
out payment OF dollar TO its capital until the last two
years. 1t has received the dividends in common with the
other stockholders has exercised the exclusive right of
pointing one-tlth OF the Directors has been supplied with
loans whenever the occasions OF the Government
ed them, upon terms vantag eous TO the public than
could have been secured from any other institution or com
pany oiindvduals while the Bank by its alutary control
and its universally extended credit compelled the res,o
ration of cash payments; and furnished currency euuva
lent in substantial value, TO specie, throughout the Union
These have been the advantages of the Bank to the nation
while the individual stockholders have realized up-
their invested capitals scarcely than yearly in
tcrest oil SIX per cent even including the advance OF the
stock at this time in the market This circumstance has
afforded proof nothing short of demonstrations of the rash
ness and FOLLY OF all those for the establishment of
new Bank, which have been presented to Congress with
lure oil enormous premiums for the grant of charter
The subscriber has doubt that the destruction of such an
establishment would be speedy and inevitable, either by
ltS IA pa,, tl,..
forcing its direction into wild and rockies. extent of bus
TO the Bank itself.
In considering the expedcncy of rene wing tbe cb,r,or
the subscriber discards all considerations of the
wisnes-not only of the President and Directors of the
Bank but oil all the individual stockholders of the corpo
ration In the question between chartering new corno
ration, and -charteng the old one if the he
Individual adventures are TO be considered al like op
posc quantities in algebra, they annul each other Its
the public interest alone that determine the question
and IN that view alone the subscriber would prefer the re-
newa OF this institution to the establishment of another
The present establishment has the advantage of long ex
pcence and OF system matured by the acquired know
ledge Oh many years. and by the correction of own err
rors That knowledge has been purchased at no ncons
derable cost and set of undertakes would most pro
badly have to through similar novciatc The result
oil his examination has been an entire convicton ot
with view 10 the public interest alone the charter of e
Bank OF the United States ought forthwith to be re-
newed.
In the free and unreserved animadyersion upon the
course oil proceedings pursued in this investigation by the
majority oil the Committee and upon the consequences to
necessarily led, which he
huuge' ne trusts II VIII not be understood his intention
TO speak in of any individual member of the Cam
mlttee' lie impues no injustice of intention to any one
even where he sees 1t most fragrant in the result of
sures IT, in the examination efthe books and
oil the Bank, penetrating and severe scrutiny into ,e
official conduct OF the President and Directors oc H. w.
suuuon was wlthln The scope OF the laborS Tia Commit
ice anu nc mas doubt was he was equally clear in
the conviction that the resolution of the House rave them
no right, and that the first principle of national Justice de-
med them the right to bring before themselves for censure
or vndcaon the the concerns of any other in
divduai; The majority OF the Committee thought other
wise Editors OF newspapers printers attorneys conn
sellers, solicitors brokers, members of CONGRESS- and
officers OF Government, they thought game fairly IN
oe hunted down, they had account in Bank
because the Committee were authorized to examine
the books and the proceedings of the Corporonon
Ihey thought this liberal construction of their powers
Differing from them in their definition of beraty he has
seen no cause oquesion the beray ofdspoon of any
one OF them according their sense of the term He
does all possible justice TO their intentions though often
and essentially dissenting from their reasoning and from
their phiology Lberaity, in his vocabulary is word of
very different import, and unintcgibe TO them as In
theirs it is to him. From this remark he deems IL tri
outc oil candor 10 except the member of the COMMITTEES
who constituted the majority, and the generosity of whose
nature licensed he Report made by the chairman of the
Committee to- the House. That generosity of his ma
ture impeed him, when the Report presented TO rise
in his place. and declare, that in the whole course of this
investigation, he had in the conduct of the President
and Directors oil The Bank nothing inconsistent with the
Purest honor and integrity Had that same candid and
explicit decaraon due the subscriber believes TO the
most rigorous justice, been made by the other
who sanctioned the Majority Reports many painful re-
mark in the paper submitted perhaps the whole ma
per ITSELF would have been suppressed But TO vindicate
the honor OF injured worth s in his opinion among the
first OF moral obligations and in concluding these obervo
ions he would say 10 every individual of the House and
TO every fellow citizen of the naon inquisivo of the
cause oil any over-anXous sensbity imputaons upon
the good name OF other which they may here find
"Mhen truth and virtue IN affont enducs
Iho offence is mine, my fond, and should yours"
JOHN QUINCY ADAMS.
14th MAY 1882.
WAsHINGroN, May 81.
CoNGREssIoNAL ANALYsIs.-In the Senate yester.