Martinsburg gazette and public advertiser. [volume] (Martinsburg, Va. [W. Va.]) 1826-1833, 1832-12-20


agine, from the complaints which the blind
.n;rit az party has raised, that the Bank had
been doing SONS wrong some crime-had
been sacrificing the interest OF the Govern
uent or the community TO its own spirit OF
gain The reverse Of all this is true. What
IMAGINABLE motive can be assigned for this
measure. except the wish TO protect the com
vouo;tv AT a moment OF troubesp The Bank
camed nothing-and did not wish TO gain
snv thing. 90 lie contrary, the Bank incur
red an actnal expense by 1t. II was the conf
,nunity which proited by the ease and rebel
derived from a measure which has caused
the payment Of so large an amount OF puoiie
debt to rass over without any arrangement
!, business II was the Government that
yained by the punctuality which It eontrIbu-'
ted to give to the payment OF the revenue
And thea with regard to The ceTuhca'es-
the object Of the Bank was to give rehei 10
"a season Of great distress. II looked NJ tue
.,hstaoce, not to the form. And M TACT, OF
what posslble consequence u IS 10 the GOV
.rno,ent whether these certificates he brought
in . rew months earlier OF isterP The hoy
eminent ceases to pay the interest-that IS
a. arre.t concern: for as 10 the principal,
tbey cannot force the stockholders TO come
md receive their money One would sup
shs Rank would break before thse few months
had exp;red, and SO the money OF the Govern
ntnt lost. Now, az 10, that, we venture to
.av that no man OF business--no man o! or
binary understanding could for a moment,
donbt the safety of the public deposites, qua
r.niied a. they are by the whole capital OF
thirty FIVE millions. and all the Resources OF
tbe institution. Nav, the case is stronger
vet The Secretary Of the Treasury says
That an enquiry into the solvency OF the Bank
was directed by him. Directed The en-
uuiry was not only directed, but completed;
and before the Report Of the Secretary were
10 Congress il is understood that there was
In the Treasury a report from the confden
t;.l agent establishing aud dcctariItg IN The
clearest aud most decided maaaer The oceJio,c
ing solyency Of Tire Bank. Further than this:
The Secretary enumerates among the rea
.ons of his doubling the solvency Of the
Bank, ''he great amount OF the Bank
transactions, especially 10 the Western
branches" la this, two things are remark,
able,
The FIRST is that the amount Of the Banks
transactions IN its Western Branches is cor
siderable, less than il was at the corresponding
period Of the last year, when the Secretary
indulged in an eulogium on the good admin
istration Of the Bank And,
The second is, that IL is understood that
report already mentioned, from the condden
tial officer sent to inspect the Bank, contaa
ed the strongest assurances Of The safety q these
debts IN the Western Branches.
Slch is the history OF these Three per
Gents. With the facts before them, the so
her and rejecting part of the community can
decide whether the effort of the Bank miti
gate the pressure on them at a moment OF
0nexampled distress, really deserves the re
proach with which faction and passion have
visited tor whether. on the contrary,
Che Institution is not entitled to the common
dalton of these whose interests it was endea-
eoring 10 protect.