Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1832-12-20
ncn) funds are sufficient

then only until the (GovernmenD funds are sufficient
meet them"
Was there any deficiency on tho LIST October, Let us
see The amount Of debt TO be paid $s4O4, 600
The Government money in Bank Oh that day. were Sl3
l6iS,oOo The Bank had enough make the payment,
aud have nee millions Of dollars iet What pretence
there on the ground Mr. Bdde places his defence,
Tor Withholding the certificates or vouchers PAYABLE on
that dsy Ii ne had taken the necessary steps to CON
uol them, where they!Why they not delivered
upt The Secretary never assened TO the withholding of
them so long there should be public money the Bank
II was only in Of deficiency, and only the amount
OIL mat lehcicncy, that lac anticipated they would be
withheld MIR. Bddlo has not therefore, OH the ground
assumed by himself even subterfuge Tor applying
the $SiciO0o put at his disposition Tor paying the first
October mSlameut.
Nor will e have any better preteAce for Withholding
payment in January BY prcSung TO correct the Trea
sury estimate lac does attempt to show tina, there
will then be uitlng deficiency The Secretary est-
mated that 'n case The Bank paid both instaln,ents
complete, there would he left in the Treasury on the first
January next S6ii0 OO, Of which, 81 400 900 would be
IN unavailable funds leaving available balance OF only
Dans ndehni'ies amounting TO 1864 900, which Biddle
maintains, are also unavailable aud therefore ought not
10 nave been included. BY dcducing that sum, he
Si50,OO0 y N'ON'
Now, these 1904 900 will stand TO the credit Of the
treasurer OH Government account, the first January
az much as any other money in the Bank, and will be- in
the same nanner subject TO his draft When or for what
purpose the Government chooses TO draw out is no bu-
shess oil the Bank. So long the Treasurer has money
on deposi'c it is bound to pay his drafts, without under
taxing TO question him 10 their object II Treasurrs
Lra appear, the object OF which pay the public debt
"e n"nK must pay II II fhero be money enough 10 his
efeul toh dtever source ii may have been derived
HE holders of Danish claims are the creditors of the
government not of the Bank and if the government use
he uhds provided Tor them until they wanted what
has the Bank to 10 with III The Bank does not hesitate
10 use me Governments money In this very article we
arc o' at tie government deposies len TO be
u ny me c,nzens until they are wanted. 1t is not
pretended that the Danish claimants " in call for h.r mo-
ney before the first OF January before sufficient sum
WI" accumulate thereafter 10 meet them. III they should
anu the receipts should be greater and the expenditures
as great as estimated, then there would be small de-
hcicncy.
BY Mr.. Bdllc's own showing therefore these claims
not being called tor there will be the credit of the 90
vernment ON the first cJNnuary, if the Bank should first
pay every dollar advertised, about 2i 000 which will
increase thereafter at the of near half million per
"eek Besides the whole amount will be called for
~" uSe OF January but irom day to day through the
moh', or longer iimo, as all experience proves As
mere VIII be no deficiency, there will be 10 pretence for
inc Bank withholding the ccrihcates-The contingency
he secretary Thought possible will happen and the
BANK VIII have no apology Tor senng those which
" hdd td6en Inc necessary steps 10 obtain The control
Of But will they come? No; the Bank does not control
inem Inc very stops alluded 10 put them out of the
Banks control Tor whole year. and MIR. Bidde is now at
tempting In vain TO retrace his Steps." Detected and
exposed IN stepping aside from the path duty and pro-
pcY ne now steps before the public and vany attempts
To- hpHcate the Secretary in his delinquency But this
Snor proved at every point to be dsngenuous and false
ne oiy aggraNates his own offence and will call down
severer reproba,ion on his head.
We believe the truth TO be- that Mr.. Biddle did not in
tend the Secretary should know the arrangement made
10y his agent in Englanl That arrangement was made
about the 22d August. and the Bank must have been in
iorincd OF it about the twentieth of September On the
Iol October, AFTER being three tceehS ia possession of
me arrangement made, Mr. Bddle disavows so much
OF 1t as violates the charter, attempts TO modify the
rest 20 as to get the control of the certificates Why was
not .s done sooner and " hy was il done then, Te CO.
cTet had just then leaked out circular of the BARNES
had reached this country aud began ask how M
ne Bank saw TINT II must undergo treasury scrutiny
mar s secret practices, its violation Of charter faith
less intcTpoSIiiOn between the Government and it's cred
tors; its arrogant assumption of power tiwart the pub
he authorities and retain the public funds for own use;
nust all to the knowledge of the Secretary of the
Treasury, and be laid before the country.
Mr.. Bililo not blind TO the consequences He
therefore, took "the necessary steps 10 undo what had
been done by his agent and obtain the control of the GER
uhcdteS! If the Circular OF the Barings had not come
out the Secretary and the country might have rested i'm
ignorance OF the secret practices of the Bank suprized
mat the public creditors did not forward for pay
ment, bat unable to comprehend the cause
The accaiion of regard for the interest Of tho conn
try lis GstresSes in consequence of the Cholera and the
great pressure upon it, is all miserable preiences to cove
the real motive which led the British Mission and the
Barring Treaty. The Cholera ragged more violently i'm the
United States when and after the Bank reraced its stems
man 1t did bcorc and for pecumiary pressure there
lead.
As to the sovency of the Bank suppose it be called on
o zuoOuOo oil specie aud it have 62 900 coo due TO
IT, G000, 900 i'll houses, 600 900 in notes of Other
Banks, how is pay the demand even if i, have s OOo
600 III specie? Debts be collected or houses sold
OF notes cashed in minute day No man suppo.es
mat the Bank is in such condition that cannot collect
enough - pay tic public depo,ijes Time. But that
could moi collect enough by the first Octoe is proved by
Is acts; and hat cannot collect enough by the rst ia
nuary, Is more than possible. He who cannot nav i,
bankrupt, whatever may be the due 10 him.
In relation to the charge, that the Secretary of the
treasury knew the contents OF his Agents Report before
he sent his annual Report TO Congress informed
that 1t is totally uniouned Had been otherwise it
would not have changed his opinion because that Report
carries evidence on its face that the examination was too
cHrsoy ana superficial to be OF the slightest value