Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1833-08-16

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National Inei!ige The one claims TO be Public
Institution, AMI the Editors OF the other the right
TO be considered Printers the coming House OF Repre-
senatves. In whatever character they may be consider
CD one 1h OF The Bank The property Of the people aud
II has the Keeping OF their money. How il manages that
property aud uses that moAey, the people have tight
KNOW " Their own property money be used 10 deceive
and enslave them il be devoted TO corrupt the public
pes' and be avshed upon lis corrupt conductors, they
have right 10 know il.
When have heretofore touched upon the conduc, of
the Bank in relation Messrs Gales Seaion they have
exclaimed that we were medilng with their prip0te
Germs. and have found echo in many quarters where
other feelings ought To be exhibited. What! il the Bank
buy up press with the peoples money, 10 msrepresen
facts, 10 deceive and impose upon the people, shall il not
be publishedl Ii il loan the public treasure with de-
sign purchase the support Of pogaie and itess pub
lie shall IL not be proclaimed? Ii 1t keep press
the seat OF GOVERNMENT of the peoples properly or
money, under the OF loans with nominal security,
10 abuse and eiae the chosen President Of the people,
the fiends who surround him aud the his al
minsiraon shall not the gully act be exposedi IL it
employ instruments with The public funds, those of p
vate stockholders, TO assa all those who dare speak Of
corrup,iosresst its preenons defy its power shall
not the and mode oil its operation, and the OF
its hrelings be announced! L. it to this that the
price oil subservency TO an insolent corporations which
openly apires President AMI govern tile Anne.
can people, through its agents, attorneys, aud presses
must be considered private concern 2? ii have
in the last OF Roman degeneracy, and the Re.
public is near its end.
! But do think and shall so act. We be-
leve that the American people pure and that enough
OF integrity and independence is left in their servants in
Congress to bear the light, TO this institution in
ITS guilty strides, and reject It's from their
tidencc and service.
Joseph Gales Jr, became Editor of The National Tnte
gencer than twenty years ago Down 10 the year
1929, that paper the Official paper of the
and enjoyed an immense patronage For printing done
for Congress aud the Executive receipts have pro-
babiy been less than MILLION DOLLARS, the pro-
fit upon which could not have fallen short OF
DRIED FIFTY THOUSAND For subscriptions aud
private advertisements, the receipts OF the establishment
must have exceeded hay million yielding profit
of not less than HUNDRED THOUSAND. We think
the profits of that establishment since Mr.. Gales entered
il, may he estimated, without exaggera,on a, TWO HUN
DRIED AND FIFTY THOUSAND DOLLARS.
Yet, when cut off from the Public Treasury in 1929,
the esta lshment found TO be in state OF absolute
insolvency. There is believe that its involve
mens exceeded its means by least hundred thou
sand dollars
We will not dwell upon the means by which the
Editors OF the lntelligencer squandered all their in
come and hundred thousand dollars of other peoples
money IL could not have been economical, moral and
rcpubca habits, which required three hundred and fifty
thousand dollars 10 sustain them.
Partly from compassion, partly from Of Duff
Green's deseriion, but from violent parry feeling
Congress- at the session oil lSS03l agreed that Mcssrs
Gales Seaon should reprint the OH Documents OF Con-
gress, siRce called State Papers, price much be You'd
what they offered al by other Printers. The
already cceiv ed by them for this Job one hundred ana
fpe thousand dollars yielding profit, we have doubt
OF FORTY THOUSAND at least; but their condition doe
not TO he ut all improved
This hasty review oil the public life Of these
necessary as an introduction to their connection with the
Bank of tho United States 1t will be perceived that the
have long been and are now IN proper condition To reude'
those who give them pecunary assistance.
Having sqnandered hundreds of thousands, they must
have thousands 10 squander, AMI would think
themselves very miserable if from the
minis,ering 10 their PLEASURES and passions.
Within two years of the first establishment Of the Bank
the Editors sought aid om its vaults and conveyed lhe
property in trust Tor security As early 1920 tie lot
which The office OF the Intellgencer stands III,
printing establishments with all its appurienances were
in trust TO the cashier OF the Washington branch
In 1926 the conveyance was renewed with reinquish
meut of Ii covered the lot which the office
the In,elligencer stands with all its improvemis, the
whole printing establishments presses types furniture
paper debts due, and debts 10 become due with
diiion that if the notes the conveyance intended
should remain due and unpaid for 60 days. then ht
whole might be sold on giving 30 days notice in
In 1920 the properly was sold under this deed OF tus
and purchased i'll 10y te Agent OF the Bank On the l5
oil August OF that year, the trustee, Richard Smith
Cashier OF the Washington Branch, Conveyed it to ne
BdHk O| The United States in fee.
This conveyance to the Bank is commensurate with the
deed Of and the o buildings printing estab
men', presses, types furnture debts due aud debts Ia
become due. That year and snce, this property has beer
assessed and taxed by the Corporation OF Washington
the name oil the Bank OF the United States
Thus did the National Inellgencer, and all that be
longs it, debfs due and 10 become due, pass into IN
oIoneyship IF the Bank If HE United States. Theme
forth, Mes-rs. Gales s. Seaiou managing The Bauk
property and not their OWE all they received recev
ell by the Banks permission, suerance, and they coul
al have been driven out of the establishment.
The proceeds of the sales OF property in 1929, about
1927 100, reduced their debt in Bank little STA
thousand dollars Through that and The year $780, the,
had public patronage Tie year 1881 was distinguish
ed by the measure OF the Bank preparatory its effort 70
new charter 1t was in that year extended its loan
twenty millions OF dollars, secured the Courier Enqu
rer at New Yok with 52 900, copciaed the Telegraph
with 20 0O0 and commenced its fivors the Philadel
phia Inquirer, which 10 $4,000. II had the ad
dress early in the year, to secure TO It's press in Wasiag
the printing OF The old documents thereby giving
life aud vigor AMI aordng shield for the commission
OF many fresh enornites.
1t will he Observed that by the sale 10 the Bank of tn
whole printing establishment, with the debts due and
become due the Bank itself the lawful owner of al
the profits of the printing establishment Of the Naiona
1 ntelli gencer. The Editors became the servant
aul nf R.nk he
benefit of master Their sUbscrbefsare subscriber
to the Bank; their profits the Banks prois IL
the Bank that Congress gave The lucrative job OF print
ing the old documents sacover however, for advance
money their needy servants, Trustees created
10 whom the proceeds Of that printing assigned 70
certain purposes; the least OF which would appear
granting of nominal loans by the Bank ITSELF TO enable
its hirelings to carry its business in Washington
When the Committee Of investigation visited Phiiadel
pha in the spring Of 1882 the debt OF Mssss Gales an'
Session TO the Branch asngton had increased to abou
SII Ol5 and new debt Of S2 ,375 had been conracte
PaeIpha, making their whole debt joint and several
1872 APO
The cause and security Of the debt at Philadelphia
are thus set forth by President Bdde IN his testimony be
= fore the committee, viz:
8 "They CMcssrs Gales and Seaton1 appointed bl
Congress TO print work OF great extent and have 10 pro
vide materials for executing II until Congress makes ap
propfations These appropriations are 10 be received by
trustees and their accepsnces OF the drafts, in addition
n TO the personal security OF the loans
In this manner did the Bank advance the capital neces
. ssrv 10 do a heavy lob al its printing office
some months since there bad been paid FOR these Oh
. Documents reprinted aud delivered, ONE HUNDRE
AND FIVE THOUSAND DOLLARS. The reader will
course expect 10 hear that the capital advanced by h
Bank has been refunded and the debt Of Messrs. Gale