Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1833-12-21
Fwenty-tlird COngress.--lst Scss
HOUSE OF REPRESENTATIVES,.
.N0ndau, Dec. l6

removal oil the public deposes the Bank OF the u 3
re conended strongly in favor of the reference 10 the
COMMITTEE OF tn, Whole on the State of the IJoon
mrs. adopted to facilitate the progress Ct the inquiry pro
W.. ' 70 DC made. The scrutiny in the Committee of
ways anu Means, OF the solvcncy or yencv of The
stae Eanks would necessarily occupy much rime-weeLs
anu months might elapse before the Committee of Wavs
u could DC able to report the matter, and TO
pN WIN certainty as to the responsibility and safety of
these political safety funds He was IN rsfsr
10 Tue difference in the facilities afforded to The eastern
anu western cities by the arrangements. when
The Speaker Observed not in order to dis IN.
eriIs Of the question upon the proposition before the
rouse oil change of reference. ~
Mr. Allan said, he wished to avoid anu ;or;,u.,., r
oroer. twas his opinion he repeated that The snh;,
% more promptly disposed Of by reference at once
than oy eaviDg IL TO the comparatively datory
,ng OF passing through preliminary Committee of the
al house Heretofore the public money had been beow
Gu IN such way as TO benefit equally an part, of Tho
Unon ne wished to know if was now intended to take
'his beneh from the confer il almost wboIIv
upon The eastern cities if this were to be the case ~
coui not become too quickly acquainted with
tue ac lie would ask, if il was intended 10 ake lie
.ohsu'uents tributary TO N. York. The people of Ken
lucky carrod on commerce with the whole 81 ST..
hey sod the produce OF their industry for currcn.
whieh would pass every where The object of the nrc
aL , was 10 break down that currency and 10
make mem dependent upon hundred different banks
put mere were other why no DELAY sIoul t,ks
pace Ia his matter; almost every mail brought intei
gehce That was perpeualy urged upon the peope that
was the intention of Government TO throw the whole oe
he public money into great Banks the Leyis,,nre
Tugn. 70 SET the people right in this particular part of
u.
wished TO know whether the people of the country ny
longer possessed the right TO take care of that if
naa los. ,na' nght was time that they knew it,
ne begged leave to call the attention Of the House 10
ormer report oil the Secretary relative to the unavailable
.h' ny mat report it appeared that the present mea.
sure haa oeen once before tried.
The Speaker here expressed his oo;n;on n, ,, H.
member was out of order ~ '
MIR. Allan would endeavor 10 be in order as much "a
Possoe' ou. me puohc money in dangers had he moi
right TO attempt 10 show that was conse9uenv the dr.
~ ie rouse immediately and fully consider the sub.
Jec lie would, however, conne himself TO saving ta,
the distribution OF the public money amonp IN 5anL
would produce loss 10 the country OF million and half
OF dollars. one oil the gentlemen from Georgia had the
oher day. pointing 10 the members of that House Jefed
any individual TO lay his finger upon anv of the s.i,
banks oil The country which were not as solyeat and m
@ p9Ges OF aepoe Tor the public money, the Bank
'ne v. .. lie (Mr Aan) would not place his finger
upon any ono OF these banks in particular for that
DC ihvidous, but he would undertake TO prove maj ind
uua',y ana collectively, they of them entitled
10 me nigh character accorded 10 them by The hon -,
oer-He regretted that he fctered by the crcu,n
"in ues ' me &c pate from entering largely into and
Poihuhg out iuIy, the injurious consequences of tis
measure, particularly regarded his own constituents
MT oeuen was unacquained with the manner in which
me business OF the House conducted but thongh,
oil little Importance whether the matter w ere referr5 -,
COMMITTEE oil the Whole or TO a Standing Commttee tI,
question win him was one of time. The advocates of
~ Oh me whole were eonienied to admit that the
Ways and Means party seemed think that the Secrea
rvs report did not contain reasons sufficiently (orcibe IN
justify the course which had been adopted Were both
parties willing to place the this position before
n dpc III,
the Secretarys report did contain enough tn s,fv
the removal OF the deposite' 1t appeared to him that The
oSee' oil genemsn was to put off the matter till the end
OIL ne session. Was the question to be withdrawn for
sucha length oil time from the people! Was feeling of
doubt 10 be suffered to hang over the
OF the country for long time Ii had been recon
ehues 10 refer the matter 10 committee and proceed IN
the consideration Of other business. He (Nr SeIcn \
would ask whether there could possibly be any Dues
uon more Important; any subject which more impe
ra'ively called for the consideration of the House H.
The one under discussion. Let members now discuss
ana INFORM the people of their decision IL had
been said also that this discussion was unusnaI
Could The gentleman who had made that objection
refer 10 case like the present? The public money
had been removed by single act. Was il necessary
10 call The attention OF the House the feeling of The
country; 10 point out the everish state OF anxiety which
existed upon this subject! Let members look at the
STOCK sales not Tor years PAST had there known such
pressure ana suffering as existed at the present mo-
ment. All mercantile transactions, promissorv notes
&c were made at ninety days. Were they TO put off
the consideration oil this question until after that period
and thus involve i'll difficulties, perhaps ruin many
meritorious Individuals The subject was connected
WIN ne hnances oil the country, and ought be i'm.
nedia'eIy discussed. In the State OF New York there
was not more Than dollar OF metallic TO twenty
OF paper currency The State of had no,
more than nine thousand dollars in specie The countrv
had prospered and prospecting in the most sso
nishng manner, under the influence OF the svs
,e' ou. was without metallic currency sufficient TO
meeta run upon single bank; delay OF ninety DAYS
might carry ruin to every bank in the States 1t was OF
no great consequence what bank possessed the
the country; but il essential that some bank shon
possess it, and that speedily Other circumstances ho,ve
yer, were connected with this subject Tho sensitive ns
turc oil money transactions well known and there
would be those who would find means 10 influence The
stocks ii this matter thrown into standing Commit,
lee; there would be spy in every public Office 10 Obtain
intelligence OF the turn affairs likely to take Mr.
s. concluded, by saying that the discussion A. ouro
TO be gone nto aud that he could see no reason VIII
for delaying IL.
Mr. Foot read an extract from Jeerson's Manual maze
TO- sec y III support OF the view taken OF the subject
by Mr. Seden, and also stated that he saw no neccs
s''y Tor pTeIerIng The matter to siSndng Committee.
Mr. beardsey said the question was whether the asly
RESOLUTION ny which this matter The other dAy refer
red to Committee Of the Whole should or should moi
be re'cnded! The Sccrearys report contained two ve
ry prominent objects: the first regarded the removing
oil TIE pubic depotes, and the second the selecting Of
OheF banks In which TO place them The Secretary had
gwen reasons on both subjects aud The places oI de-
POsle whlch he had chosen WERE apparently admirably
tteh ior The purpose, yet ii should be borne in mind that
lac Vhe Secretary might have committed error in this
particular. " w
Mr. Beardslsy said he should be willing 10 admit ,at
u The House were, and ALL agreed, TO the state
rnen's contained 10 the Sccresry's Report that it would
hen be proper TO give il such d cciion as was nov pro
posed Bt bad they not heard these statements conrro-
verled' Had they not heard il said, that the Banks TO
when the public moSey bad been Transferred were un.
sounJ, were insolvent, and that they might as we'll have
been deposi ed at the bottom Of the Potomac!
Mr' clayton explained. He had not used the terms
imputed TO him by the gentleman from New York
! mr. beatdsley continued. He GIT have misunder.
slo0u the expressions used by The geu. from cor
gia But they had heard said that the banks 10 bicl
The deposiies had been removed unsound and tst
The public moneys unsafe; ad this lad been eiyen
as rsason Why tey shoild not this paper no,
ne Committee Of the Whoe the Siae OF me tJuiop.
ana MAT u ought 10 be debated there. But suppose il
dld man there, could that conin tee inquire INFO facts
Certainly no. was tic province Of standing or select
nNnlt q l. 4.