Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1833-09-27
Richmond, Friday, Sept. 20.


THE DEPOSITEs-AND THE BANK.
We have thrown aside variety Of articles thi
morning,to give place to the official Expose of TN
reasons which induce the President to withdraw Nm
Deposites. We lay all the Documents before on
readers as far as the Globe has presented them to M
world. The Presidents paper is powerful Exposi
tion-written with great irankness clenrness nm,
ability. The Report of the Government Director
OF the Bank developes facts Of the most startin,
character No dsinerested and .lispassionate poli
'icien we should think, possibly read it, wi,hou
saying that an institution, powerful in its MACH
serve the support of virtuous and free people
ltranscends all that we had ever heard seen of it,
abuses. Ii more than confirms all suspicious
and all our apprehensions.
We confess, that should have desired this mea
sure OF Withdrawing the depOstes to have been for
some time suspended. We should have preferred
them TO remain i'm the Bank, and things TO remain
i'm statu quo. We doubted the policy of the meo.
sure IN relation to the Bank well us to the public
We also entertain doubts about the mower of rho
PRESIDENT to control the Administration of the Urea
sury Department in this behalf We have not ex-
ahmed the question in oil its aspects and will not
therefore, undertake at this time to pronounce no.
sitlve opinion. But as to the conduct of the Bank
ltse we should hope that two different opinions
could not prevail among all ingenious and vrtuous
politicians The carte blanche power vested by the
directors, (who were principally appointed by the
force of Mr. Bddles powers ofattorneyj in the Pre-
sdent OF the Bank to Use the public funds at his own
discretion, without limitation, aud even without
vouchers towards paying the Press for articles pub
i'shed, and for articles specially prepared for the
benefit of the Bank is one of the most tremendous
and alarming instances of abuse which has ever been
practised i'm this country. If our countrvmen are
ripe for such malversaons of such mammoth and
unconstitutional corporation-if they will tolerate
such corruption-if they will not rise i'm the males
ty OF their power, and hurl it to destruction we
should almost despair of the Republic. But they
VIII nor, cannot connive at such practices. The
fate OF the Bank is sealed without redemption. and
without sympathy-exceptf for those innocent stock
holders, whose funds have been abused and prosti-
tuted without their knowledge and concurrence.
Correspondent Justly and hunourously remarks
on some of these transactons-"Mr BiddIe (says be)
mas the power TO expend as much he pIeases Gin
his exertions for the promotion of said objects -
VIZ: to purchase charter. He is not to specify
ho,o it is expended to ,ohom given, nor furnish
es any other voucher than his Sic Jubeo-His
breeches pockets are full-and we are curious
enough to know to what purpose these unaccoun-
ted thousands are appropriated-when he sets
them under the head of STATIONERY" Do Won
remember the story of the Kentucky Representa-
tive, lover Of strong drink who finding the Yam
kee drink of swissel (molasses and waterl charged
in the accounts of the III. of r., under the head of
Stationery, desired that they would provide bran
dy, aud charge it to the account of Fuel? sus-
pect the Banks fuel will be found enormous i'm the
West"
Bank is to pursue. The N. Y. Commercial Adver-
tiser says, that "The Bank has made no movements
towards calling in its balances and has discounted
to It's customers as usual" The N. Y. American of
the 23d In Bank paper) states:
The which the Bank of the United States will
adopt IN reference to that OF the Executive towards it,
naturally mt er OF much solicude. The
that either in resentment or self defence m.
Bank may exercise its power over the money market so
as to produce an extreme pressure is deeply felt We
cannot think there cause for this apprehenson though
N half nj lt.a AutIxu licb q
say OF the Bank true, there uniouhtcdIv womb
he. II the bank really that instrument of corrup
ton and despoism which il has been represented, and
were welded by persons so rpulous as the Pres
dent OF the Bank and his associates in its
have been described, no of wouli
be excessive as TO the use this Institution might now
make, when warred upon TO the knife, of the power
they possess over the currency. Bnt the Bank has no
reseniments TO crafty, and happily, we believe no oc
caslon IN seideience to change its haba steady
Of business, SC sc. With its the country
the Bank can have OF quarrel and no reason
therefore, or motive Tor visiting upon ihem-innocent third
pares-the wrongs it sustss from what is called fhe
government" Anger always bad counsellor and the
Bank we repeat our convcton will not be thus coun.
selled.
"Mucb doubt and uneasiness nevertheless prevail and
therefore u.s. we would gladly from the Bank when
ever the decision at Washington is officially notified to it,
some public manifestation OF the adopt
we at ach much importance TO such stepas in other
way will the course OF the institution he generally known;
for although the anti bank papers habualy
when they do not habuay misrepresent any tend
ing TO show the Bank favorable light they would
not venture to withhold from their aders an official do
cumeDt OF such importance that which should appze
the public OF the intended be pursued by that in
stituion under present circumstances.
"We repeat conviction that the United States Banl
will not unless The choie deposites Of the government
be at once transferred 10 other banks be Obliged to chang,
its ordinary course OF hu-inessand the expression Of on
hope that the bank itself will possible make a.
official publication OF its intentions"
Now The ,oloie Deposes are not 10 be at once trans
ferred to other BaDks-and il is sti hoped that j
will preserve "some method i'm its madness"