Phenix gazette. [volume] (Alexandria [D.C.]) 1825-1833, 1833-12-25
DRIA GAZETTE.
ON II Il 9 8 1.
Conclusion of Mr .NeDubfs's Speech on the
REMOVAL OF THE DEP0stTEs.

with the President in taking this important step
The bank, We are told, attempted to acquire po-
Eticai Influence and power. That is the charge.
Now fur he proof.
The first proof adduced il, that the directors
Of the bank passed a resolution empowering the
President Of the institution to expend the money
Of the bank in the publication OF documents Oh d
pubic naiure relating to Its affairs. Ana as 'his
is very grave charge, IN the opni"n OF muse
who have brought 1t forward. call the attention
OF the House to the resolution ifseif. VIII
read II:
thor,z-d to cause TO be prepared and circulated,
such documents and papers as may communicate
10 the people information in regard to the nature
and operations Of the bank"
This, sir. on the reading OF 1t, would seem 10
he a very harmless resolution; but TIE President
seems to regard il as one OF the most dangerous
and formidable resolutions that ever was passed;
IN his opinion 1T is a resolution which gives the
President OF the bank power to shake the foun'
,laiions Of our public happiness, and to suhvert
the liberties Of the country. What an inditter
ent spectaIor would take to be very simple re-
solution, authorizing an oilcer OF the bank 10
publish certain papers calculated 10 throw light
ON its affairs IN the eyes OF the President, CLONES
him with little less than the whole fiscal and MI
litary power of this nation. We are told by the
President. that, under this resolution, - the ex.
penjitures purporting to have been made under
authority Of this resolution. during the years 1851
and 1852, we're about $4,000. For portion
of these expenditures vouchers were rendered,
from which il appears that they were incurred IN
the nnrchase of some hundred thousand copies OF
newspapers, reports and speeches, made IN Con
Urpss: reviews Of the veto message, and reviews
ol speec hes against the bank. &c. &c. For another
large portion no vouchers whatever were rendered,
but various sums paid on orders OF the Pre-
sdent of the bank, making reference to the reso'
luton of the 18th March. 1881" Why. SIR.
The President seems to have an intuiuve abhor.
rence of trusting any Executive authority OF any
kind to any body sui himssg The bank. he
thinks, cannot delegate such a power; nor can
the President, as ah Executive officer, exer.ise
IL, although he has his constituents close at MS
back. and they NAV inspect his dolngs every
week. The resolution is most dangerous. IL
will work inG:uite mischief There Is no telling
the extent of the evil il may produce.
Sir, when look back 10 what we have done
at the last session; when look at the powers
nnw, at this moment. in the President OF the
United States | cannot but b. astonlShed that he
should be the man thus to make Mountains ut
moiehiil What is the power he hcids, at this
tinP5 How much nf the public treasure have
yuu nut into his hands, anil that IN direct connex
ion with military power? Is twenty millions!
ISit such sum as the whole capital ct thus Banks
No II is two thousand millions, IT he shall
chuuse 10 take so much. The whole treasury OF
the country YOU have placed uncondl'i"naiiv IN
his hands, aud this al his own special instance
Ru, all that was perfectly iair danger IN that.
SIR. this so strongly reminds me ut another Dutch
anrcdote, that [ cannot resist my inclination to
-. Il Of I hav uotIu the
of telling Dutch anecdotes. like them-they
are so verv arposite at times, and the wisdom OF
that nation is so strongly apparent in their very
ecccntticities. | shall not. sir, give this one
anv location. | will not say that this happened
al Kinderhook, lest possibly some question might
arise. In a certain Dutch vicinity, lottery bad
been authorized and all the neighborhood assem-
bled on the day appOir ed to witness the turning
of the wheel. Presently one OF them drew
blank; very strong dissatisfaction was manifest
ed: >oon after another blank was drawn, and the
discomfort iucr eased. At the drawing ct third
blank, n large bully Who lived hard by threaten.
ened with HIS hickory an attack upon the wheel
which would inevitably have smashed the whole
concern into atoms. declaring. as he hourished
his cudceI that the whole affair was ga piece OF
,illainnus chea,ery." During the trepidation &C.
casioned by so formidable an assailant, aud the
fears of the company for the safety OF the mo-
ney invested, upasteps TREND OF the bully,
with great delight in his countenance, and said
70 him, " Have YOU heard the GOO news! You
have drawn the highest prize" &" What! ha!
the highest prizei II is ss fair thing as ever
was" Here the Speaker ordered the Sergeant
at Arms to preserve order in the galleries. j
Thus, sir, when the Directors OF the bank en-
Trust their President with the enormous power OF
printing few documents and pamphlets, II IS
alarming IN the extreme. But when the nation
clothes HIM with power thousand tunes more
dangerous. "it is as faira thing as ever was."-
There the Chair again lnterposed TO preserve or
der.
Bot. sir. what " as the extent OF this formula
bic operation? We told bv the President
that, under this Resolution OF the Directors. the
President. OF the bank expended upwards OF 80.
900 dollars. But When YOU come to investigate
and look at the items, you ind that the book Will
show that than half this sum was laid out
fsr Other objects. belonging 10 the ordinary incl
dental expenses Of the institution, and the SUN IN
fact expended Tor the Publishing ct these various
documents was no mDre than a6 100 dollars. i