Phenix gazette. [volume] (Alexandria [D.C.]) 1825-1833, 1832-12-17

we'll what the means OF the Dank are III u'"e
Of public distress, though unhapp'ly others 90
not. The means OF Bank are anu must DC
greater when there is stagnat,on OF business
than when money Is in rapid circuiauoh'
ninety-nine cases out of hundred. every BANK
will have surplus capital at such times. No~'
If the Bank Of the United States. at . time when
the Western notes we're not pressing upon it,
was unable to meet the demands OF the Govern
ment, and pay up the three per cents. when can
it do so? Gentlemen may rely upon 1t. that the
difficulties experienced by the Bank next Octo-
Der, will. unless some efficient means shall be
taken by this House to prevent it, be greater than
they are now.
The world is now at peace; but within the
next three months war may be lighted up, not
only in Europe, but here also. May Gnd IN mer-
CIV prevent it! May Heaven. in its Infinite mer-
cy. spare the blood of my countrymen! How
will the Bank be able to meet its engagements
then. when it is unable TO TO it 10 time OF pro.
found peace!
The gentleman referred to a transaction which
happened at the time was in Philadelphia -
The President Of the Bank urged my colleague
on the Bank Committee, the gentleman from
South Carolina, (Ms. MDufic,) to write to the
Secretary. requesting him to postpone the pay.
ment of the three per cents. until OctOber.-
That gentleman asked me whether concurrcd
in the request, and requested that would also
write. did so, but acted on the same ground
which take now. The Bank had loaned out the
deposites OF the government to the commercial
community. As the evil was done, and the Bank
had oyrr.tradcd, did write to the Secretary in
favor of the propositions; but | also stated my
reasons, and they were the same which l. now
state to this House. advised the postponenlent
in order that the commercial community might
not BE- thrown into embarrassment on account OF
the mismanasement of the Bank Of the United
States.
Mr.. WieklIffr. Before proceed to make a
few remarks in reply to what has fallen from the
gentleman on the ether side, should like To
know from that gentleman whether | am the in
dividual west IT the mountains to~hom he alludes.
NJ. CambreIrn believe il was the gentle
man from Kentucky
Mr.. WickiIfIe. Then am happy to have this
occasion oil compelling the editor of the govern
ment newspaper in this city Of admitting into his
columns, by faithful report of this .!ebate, a
contradiction to his own propagated falsehood. -
| could not ask hun 10 do it, and hoe not done
so, because he refused Oh a Turner occasion 20
publish contradiction, IN respectful language,
aud by positive proof, is'hoo published IN the
same paper against me-. The gentleman from
New York alluded ia his remarks to an article
which had its origin in that great national foun.
drv Of SANDER and caiumny, which has been es.
tablishe1 within these ten miles square. called
+" The G'"te 2" Cpu. "quiry, it will be unable
10 find that have ever received, in any shape,
favor- from the Bank nf the United States. |
wish could say the same OF the gentleman. -
+ Mr.. Cambrelsns He. believe, ~as employ
ed BY the Bank to select a suitab. site Tor new
Branch of this Bank in New Yrk. What he
received for the job, he best k, ows. gentle.
man near me SAYS 1000 dollars. Ii is very true
that. having prc,Srrrt priaoipies 10 men, the in
terest Of country to the mandate OF party, or
the advancement of unhallowed purposes, DIFF
fired from m, party on the question OF recharter-
ing the Bank of the United States. and probably
10 that fact the motive must be found fnr assailny
me in the article alluded to. Perhaps the gentle
man NAV no more about this than do. He who
operates on machine, may usually be expected
TO be best acquainted with the reasons Tor it's
movements. The article reads as follows.
find It transferred into kindred print, accrelit
cd to the Globe:
" Charles A. Wiskliffr, of Louisville, Ky.
has been appointed. BY the Bank, agent for col
Iecting IN Kentucky, with a compensation which
"
year"
Allow me to say, here in my. place. and
say II in order that the declaration may find its
place, through the report of debates. in the same
place where the SANDER had Its origin, that the
assertion here contained is utterly false, in every
part and particular. never had any contract
with the Bank, in any form; never had a mo-
ments con, ersation with II, directors, or its off
GERS or agents, on the subject Of collecting the
Bank debts. Will the gentleman now withdraw
hrs endorsement of the slanderl
Mr.. CambreIeng am very happy to hear
that the gentleman has no connection whatever
with the Bank OF the United States, aud that
what ha, been alleged against him is unfounded
in truth
Mr.. Wickl,ffr-The gentleman wants an &C.
count of nv election campaign. | could, were
he IN kentucky. instruct him how we in the
West ascertain pubic sentiment and eplishteu
its Judgment. We do not do it there bv force Of
Committees and party discipline. We meet
the falseho"ds OF a corrup, press, and their sup
porters. if they have any, openly-befnre an
honest. intelligent, people. discuss them. aud
Put them down. That is the way we do things