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

pay such sums as he pieases To what and
he peases, without the responsibility OF
,nderiDg any specific account The Bank is thus
v.reL into vast eleciioneeiing engine with means to
Ell oil The country in deadly euds, aud, under OF
expenditures IN themselves Improper extend its eorrnP'
ton through all The qualifications VI. society.
Some Vt The i,ems Tor which accounts have been rem
d,red shsw the constructions hch has been given 10 the
resolutions aud the way in which the power eo"lers has
been exeit,d The money has not be, expended mere
" M the publication mud distribution oi speeches, reports
vi conit or articles wri, Tor Tie purpose Of shew-
ing the consi,u aty usefulness ot the Bank But
public aous have been pared atd extensively crcula
ted continuing the grosest ,eciives against the officers
of the Government and the money which belongs to
the khoders aud TO the public has been freely applied
in efforts rsde in public estimation those who were
supposed be instrumental in resisting the wishes this
gasping and dangerous institution AS the President Of
the Bank has not been required settle lis accounts no
ons but himself yet knows how much than the
sum already mentioned may have been squandeed, Tor
which credit may hereafter be claimed in his cunt
under this most exrao binary resolution. With these
iacts before us, can be surprised at the torrent
ot abuse necessarily poured out against all who
supposed TO stand in the way the cupdy ambition
the Bank OF the u States! Can be surprised at sudden
anu ue expected changes opinion in favor Of institution
which has millions TO lavish and its determination
not to its hsu they necessary accom-
psh It's purpose! The refusal to render an account oihe
manner Ia which part OF the money expended has been
applied gives just Tor the suspicion that has been
used for purposes which is not prude
to the eyes OF an intelligent and vttuous people Thoe
who act justly do hun the light, do they fuse
pana'ions when the prope,y Of their conduct is brought
into question.
the Government Directors the President would feel that
no was not only responsible for all the abuses corup.
an aeconp.ice ia conspiracy against that Gov
which he has sworn honestly TO administer il he did no,
axe every step within his constitutional and iega pow
likely to lie efficient in putting end 10 these enoriti.s
IL II be possible, within the scope OF human affairs TO find
reason Tor removing the Cover nment dcposi,es and
leaving the Bank to its ow resource Tor tho mean, Of M
ecting Its criminal designs, have here. Was ex-
pected when the moneys OF the Uhitcd States were
recied TO be placed in that Bank, that they would be pu,
he NInf
without render a voucher specifying the object,
Can they be considered safe with the evidence before s
that tsns Of thousands have been spent for highly i'm
ProPsr not corrupt purposes and that the motive
may lead to the expenditure OF hundreds Of and
even m0ns more! And can we justify ourselves tho
people by longer lending il the money aud power Of The
Government, to be employed Tor such purpose!
II has been legedby some objection 10 the re-
nov@i OF the depos e., that the Bank the power and
Banks employed by the Cove nmeD and bring distress
upon the country II has bern The fortune OF the Pres.
deht 10 encounter da,gers which were represented az
equaiy alarming and he has seen them vanish before o.
solution and energy Pictures equally appsIIipp were
paraded before him when this Bank came TO demand ne
charter But what was the RESULT II The country been
ruined or even distressed! Was il ever NOR
than since that ac! The Resident verify believe, The
BANK mas not The power TO produce the caami les iis
uiehds threaten. iTe unds OF the Government will not
be anniha'ed by being transferred They will immediate
ly be issued Tor The bce OF trade and the Eank of IN.
United States cuiails rsioans, the State Banks,
eheu ny e puDhc dePosites, will extend theirs What
comes in through baDk will go out through Others
aud he equ ibrium will be eserved Should he Bank
Tor n mere purpose oil producing distress press its del
more heavily than OF them can bear The conss
quences will recoi upon ITSELF in the aempt. to en-
haass the country will only bring loss and ruin upon
The holders oil its own stock But the President eliey.
ed the Bank possessed all the power which has been NJ,
nouted 10 ", his determination Mould only be rendered
me more ,heS ole. H. indeed, this corporation now
hous I'D s the happiness and prosperity the Anne
rcsn people, il high time the alarm II the .s
posm he already upon u.s. and only safety is in the
mercy OF the desPo,, develop in relation to
IN shovr hnv
say II to shake off The struggle can never come
with less distress TO the people, Under more favorable
auspices than at the present moment
All doubt as to the wi lingness of the State Banks IN
uermke the service oil the Government the same ex-
ten', ana on tue same terms as it is row performed by
the fank oil the United States put by the
oil the agent recently employed TO cole nation: and
from that Willingness their safety in the operation
may be confidently inferred. Knowing their os n re-
sources better Than they be known by Others i, IL
not 10 be supposed that they would be willing 10 Mac.
themselves ~ 81 uaon VIII CHI they occupy with
out danger oil humiliation embarrassment. The ONLY
considers ion al plies TO The safety of the public funds
deposited IN those insi uons And when il s seer that
pledge the character and capital of he aons in
giving sucress TO this ssue but also their osn pro
perry and reputation We cannot dob' tia, they at least
believe the public deposiies would be safe i their man
agement he Preside thinks that in, Sc facts and cir
cuhstsnces afod az strong gnaranee be had in
human AFFAIR.", TO- The safety OF The public funds. and the
PrdcucaoIy OF new system OF collection aud disburse-
inent through The agency Of the State Banks
From all these considerations the President thinks that
D""hs o"gW ihmeuiateiy To be employ ed in the
COLLECTION and disbursement OF the public revenue and
the funds in The Bank Of the Uned States drawn o
WIN all conveBtn Dispatch The safety of the pubIic
moneys, hdeposi'ed in the State Banks must be secured
beyond all reasonable doubts; but the extent and nature
OF the security in addition their capital II anv he
ed necessary a subject OF detail which the Treasury
Department will undoubtedly give its anxious
ne Banks 10 be employed remit the moneys of the
Government without charge, the Bank of the United
states now does; must render all the services which that
Bank now performs; must keep the Government advised
oil their situation by periodical returns in fine. in anv
rangeneht with the State Banks, the nj ,nus,
not, in any respect be placed on worse footing than il
now Is The President is happy perceive by the re-
Por Of the agent That The Banks which he has consulted
have, III general consented TO perform the service on
these terms, and that those n New York have f,rtIer
agreed 10 make payments in London without other charge
Than the mere cost of the bills of exchange.
IL shoud aIs0 be eijoned upon any Banks which NAV
be employed that ii will be expec of them 10 faciIi
tate domestic exchanges for the bepef of inteIn. cor
merc' 10 grant all reasonable facilities TO the payers NJ
NE revenues to exercise the utmost 10 aTs the
oher state Banks and do nothing to
the Bank OF The United States.
As OF the TO The Rank of the
united Sfdes, Is The power which IL conc, care
us De iaken IN hnding other agents Tor the of
Tue fessury not 10 raise up another power equally for.
hidabe. Although II would probably be impossible IN
Prou"ee sucn result by any organization OF the State
bank' winch could be devised-yet il il desirable IN
avoid even the appearance. 10 this end II would he
exPe ieht TO assume no more power over them and
in'e iere no more in their affairs than might he .hso
luty necessary TO the security OF the public deposi,es
and he faithful performance OF their Iues as aasn,. ~
inc treasury Any interference by Them in the political
confess oil The county, with view 10 influence eiec;ions
ought ~ opinion OF the Presden TO be followed bv an
immediate di'charge from The public service
W Is The desire OF The President that the control of the
banks AMI he currency shall as possible be enrev
separated ROM the political power OF the country az wei.
az wTested ON institution which has