The Massachusetts spy. [volume] (Worcester [Mass.]) 1831-1858, 1832-05-23

THE BANK or THE UNITED STATES
The application for renewal of the chatter
of this institution, is likely 10 occupy large
portion of the remainder of the present ses-
sion OF Congress. If the question rested on
its own merits, Invested of all local preiu-
dices, and stripped of all party considera-
tons, there could be no doubt as to the de-
cision but circumscribed as it is we should
not wonder if the application were postpon-
ell to the next session, or perenptorlly re-
jected at this. The relative situation of
the Executive TO the bank, renders it i'm
portant to his party that the subject should
not now he agitated, because the result, lie
it what it may, will inevitably affect the
Presidents popularity in some Of the States.
If the bill for the renewal of the charter Is
rejected, the President and his party IN
Congress must hear the odium of the meas
ure; if it is passed ty Congress the Presi-
dent alone will have 10 bear the RESPONSE
bility Of approving tor rejecting the hill, and
this is what he and his friends wish to avoid
They seek delay, for they would prefer
that the hill should not 90 to the President
until after the Presidents election. Should
they carry this point, the fate Of the bank
would he inevitably fixed and determined
tiVes of policy, affecting his own popularity,
viii never approve the re-chartering the
present bank Of the United States He is
opposed 10 the bank because he cannot con-
troll its operations and appointments be-
cause he cannot reward his favorites with
Offices in the institution, or with the cash Of
the stockholders. A treasury bank is the
darling object of his ambition and when
he obtains it, which, if reelected, he as
suredly will, he will WELD power more
tremendous than is possessed by the most
arbitrary monarch in Europe. Then, with
public Offices and public treasure, he will
he able to buy "gol'len opinions from all
sorts of men," and his will and pleasure,
although opposed by the constitution, be-
come the law of the land. Then will the
time arrive, foretold Ivy Mr.. Senator Ben
ton, when the palace will be surrounded BY
gang of armed bandltt, holding them
selves ready to enforce the Presidents
eiicts.
1t is evidently the object of President
jackson and his party, to postpone the con-
sideration of the application for renewal
of the Bank Charter until the next session.
Mr.. Clayton's Indictment Of TWENTY-FIVE
coan;s. was preferred for no other object.
We hope &c has been foiled in his ATTEMPT,
to postpone subject of s.ich vast iInpor
tance, for a motive so contemplate. The
Charges have been investigated, and ma
jority of the Committee having misrepre.
sented the case, counter minority report
has been made, placing it in its true light,
and exoneratlng the bank from all inputa-
ton of blame. A third report signed by J. !
y. Adams, member of the committee has |
also been submitted. This we consider one
OF the most able and conclusive state pa
pers ever submitted to the consideration of
Congress, and while it demonstrates the |
honorable ronduct of the President and Di- |
rectors OF that Bank, it, with equal force,
"lscioses That base and dishonorable course |
pursued by Judge Clayton and the jackson |
party to inJnre the reputation of that nsti-
tution'--Proridenc Journal.
from the National Intellgencsr, !uav 10. |
BANK Of THE UNITED STATES. We had
on opportunity yesterday, Of hastily exam
,n ','G lne CoHn'er-Report ofthe Minority of
IS o D"nH COMMITTEE presented in the House
" representatives by Mr.. McDuffie. II is
t',m sne pen oi this gentleman, hut has the
l"ll consent OF Mr.. Adams and Mr.. Wat.
H'th HliU, constitute tho NJ;
Dorliy OF The Committee. "'
we nave never witnessed the opera,io,
OF that submarine instrunen, of Vs. oamoi
inc torpedo; but we can imagine lis ef;,c,
upon up any OBJECT against which it is directed
W. can th'nk OF nothing more figuratjve of
the effect of the counter.report nn ~,'. TO- ~
document to whirh it is counter, tbnn ,he
blowing of vessel out Of her elemsn, Wv hn
that contrivanee. ~
Inc counter-Ieport concludes with ,ho
following unequivoca expressions: aunon
review of the whole ground occuniod i.
the examination they have made, The MI
norliy are of the opinion that the affair." of
the Bank have been administered Inv Tho
President md Directors with very great
obligations TO the Stockholders. TO tho Gov
eminent. and to the county. They regard
the Bank as an Institution indispensable 10
tho preservation ofa sound currency. and 70
the financial operations of the government