Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1832-12-13

know whether II will allow tho commission OF TT per
cent TO the Barngs for making Unauthorized arrange
men and the interest OF per the stockholders
which Gen. Cadw alader has stipulated to pay The
AMOUNT OF stock thus arranged said be screen or eight
monS One hall per cent. millions, is IS 900
uoars ana LIZ per cent interest for three months that
being the shortest time after the first OF October within
which the certificates be collected and sent TO
the Bank, is rs, $50 dollars.
III the Bank shall pay these expenses, commission and
INTEREST which will amount not less than 1870 dollars
will be pretty conclusive evidence that the dsavowal Of
the arrangement is false and intended only 10 shield the
Bank from the retribuon which from an outraged
government, and an insulted people.
crowd Of reflections rise up ia xion with hi,
subject You will remember that president Bdle stated
before the Committee OF Investigation last April that mo-
ney was such drug in 1880 and 1884, that the bank con-
'dercd 1t favor in Thomas Bidde, the broker, borrow
OF them millions Of dollars at four and half and five per
cent and at page i57 is shown that late as February
1882 he was dscountcr for +SS, 1928 dollars five per
cent Hit then such excellent business TO lend AZ
hve per cent IS not strange that in July August
1882, the Bank should find necessary 10 send
special agent to England and pay his expenses secure
the Bank the u.e OF eight millions of dollars at
cost per year OF five per cent?
but iorbear futher comment for the presently Y
Standard
The Three Per Cent'.-Several weeks have elapsed
since we called attention to the fraud pracced by the
United States Bank acting the agent in
the matter OF the Three per Loan which il was or
dcred to discharge The guilt has been denied but
we have chosen TO wait for further They
have come-dark, undeniablc damnng As the con6den.
hs trusted agent OF the government IL has that trust
to deraud its employers and nPeed by pressing
sies or graspng, reckless avarce has violated its duty
and committed breach Of trust which to an individual
would ensure the penentary and expulsion from society
was ordered TO pay up the three per cent loan with
the public funds which it held in use and having en-
gagged to do and relieve the government from this
debt, II has dared to violate its orders, and to con-
tinue this vast loan for its private advantage de-
ceivng tho treasury officers with assurances that the
scrip should be delivered at the appointed tme-Wbe
Their it had specialized too far and was unable 70 nav
or ~ hpr NOR Iy
the most OF its fast fleeing advantages defiance of the
acquisitions OF honesty and duty is for the of no
consequence The act is exactly similar in character to
that Of tho attorney who directed by client TO redeem
his mortgage and relieve him from responsibility and cost
requests the holder of the mortgage it, while he
the Attorney goes on TO speculate with the money given
him for its redcmpton-and il is palpabe 10 the most
careless Observer that institution mpcled to such dis,
honest its sscs
or prompted by its love Of gain and Of principe is NOT
safe depository Tor the public monies, safe agent
for public business 1t has here when it knew that
suspected and closely watched driven nv NO
ces'ity or ventured in reckcssness to commit most mo-
mentous and unparalleled breach of trust; and the ,mr
gcstion OF the President, and the investigation of the Sec
rotary oil the Treasury whether the
are safe with this institution, lead TO but one
they must be made sdfe-The Treasury Report will o.,
plain the matter fully az far as is yet known
In addition to this first step, the whole country will o;n
with unanimous voice in the demand for a searching
thorough aud conclusive investigation the
daon OF the sale of the stock held in il by government
will OF course be sustained by general acclaim as well
mat Tor the sale oa our stocks whatever that there
be no unsalutary and Improbable bonds inue he
tween the government and the States.-B.
Politics and Stocks.-U. s. Bank share. were nusbed
at our fokers Board yesterday until they run down TO
Sill being fall of four dollars Afterwards there were
sales out Of doors SII2 I-2 "a and then the n,e
turned downwards and the business of the ay closed AZ
Sill The opinion is gaining strength that the char
ter oil the present Bank will not be any terms.
There are also rumors OF the withdrawal government
deposits We are not that any new LIGHT was eli
cited yesterday on any point which caused great luc
tuations The bulls and the bears have seldom had a
mercer contest in our market than that which is now and
has been for some months going u S. Bank shares
win regard to the circular issued by the Bank 10 the
holders OF three cent stocks in Europe we are told the
Bank dsclams the design permitting the certificates NJ
the United States TO remain uncanceed for another wear
and that all the certificates have been directed TO be for
y. Jour. Of Com. Dec. I.
United States Bank Stoek--At the close of the mar
ke yesterday was supposed that $500 shares had been
Sold AT the Board sales made at SIO6 and at the
winding up in Wall street, had fallen to SIOi al Bu
lew transactions in any other description of Socks-a bus.
Tie and activity appears direc towards th. one object
and to time alone belongs the who are n
gain and who 10 lose by the extensive
have grown out Of the general excitement created upon
inc subject OF the Bank Of the United Staes-N York
STANDARD, of Dec. 6.
ANOTHER VETO ON THE BANx-Ihe .Ie.;on - H.,
Hon Hugh l.. White, as President pro tenn of the s.
nar the long 'red bosom friend OF the President who
sustained so ably the principles OF the Veto i'm his fri
umphant reply to Mr. Webster is equivalent TO ano,be,
Veto pronounced by the Senate itself against the Bank
" me catasrophe, whether moral physical or political
30 Portenfousy spoken OF in the Bank Gazette as
ing over The President and If the Vice President should
resign as Is intimated in the Telegraph is another
roman provided by the Senate, TO survive the ides o
"arch, who'e signature TO the Pank charter lis iJion,
could not purchase. This very consideration will have
'he elect 10 make Mr. Calhoun adhere 10 his seat al
though The naon has pronounced that IL would not will
hngy conhde its casting vOte 10 him He will not rey
we presume, Upon the cons utional scrupIe started y
the Telegraph, that Mr. White, in being citizen Of The
same State with the President IL disqualified 10 hold Tho
place oil Pre- sden OF The Senate because the Constitution
provides That tho President and Vice President shall
come from the State. He knows that az the presi
ding officer OF the Senate Mr.. White can never become
vice President, although ne may become Chief Mn9is
rate In case OF accident is General Jackson Even
that desperate chance, Mr. Calhoun we think ,pi not
resign. Washington Globe.
We have seen attempt in the New York American
TO mpugn the history given in Mr.. Randophs letter of
tie debates which preceded and led the aoption of the
Ianh oil 1921 Mr.. r. represents Mr.. Lowndes Mr.
Clay and others, as having exercised influence over
that MEASURE and details facts which an effort
died before 1924 This is true-bu it is nevertheless
true, that Mr. Lowndes exercised great influence over
the result, by the participation which he had i'm the de-
bates oil the previous years, which led it, The oues
ton was argued in successive sessions from 1919 10 1924
before its final adoption Mr.. Randolph in making refer.
ences to circumstances happening in the discussions dur
ing that period, before the contamination OF the act of
1924, does not suppose, point the year in which
The act passed, as giving date TO transactions which hap
pened in the progress of the discussion and 10
the passage of the act He mentions the act ONLY az
showing the result Of the labors Of Mr. Loyyndes and
others, although Mr. Lowndes died before the accom-
pishment Of the measure, which he contributed TO ma
ture.-D.
The public opinion Of George Ponderter in his o,Un
IaI. IL - r..