Phenix gazette. [volume] (Alexandria [D.C.]) 1825-1833, 1833-12-21

been the intention of Congress that the national
deposites should be removed, u at ALL oh'N ,o'
reasops tameJiatelv connected win lneif s"'e'
~. and with the convenience OF inc iieaS'' y
T'hey arc entrusted to the control OF TIE oeeFe-
tarv as the great financial officer Of the Govern
ment. Such being the case. what kiho ~ 'ea
SIMS must thew be which wilt justify nm IN re-
mo>,no the depo,ites from the Bank,ln winch they
had been placed? Ii it were shown mat me
Bank was not a safe place Ia keep them '''' "'h''
| admit, would be a conclusive reas"h tor fen"',
ing them Or. If the Bank had not co"P'e"
with the stipuIations OF the charter IN 'a''''"
ting the tran,m,ssicn Of the public moneys anu
otherwise accommodating the governments d.
required by law TO do, that "ou'a W. '"'''
factory reason. Or II u were shown lha' '"e
, Treasury could make arrangements on terms
mare favorable TO the Government with the o'a'e
Banks, that might, perhaps, be receiver as
good reason. In tact. any faiure on the
mart of the Bank to comply with its engage.
| ment, 10 Government would be reason, great
or mr. smaller. according to circumstances
Bur. sir. said Mr.. Md, what are we tod!
That the deposites were not safe in the Bank OF
the United States. Why. sir, we have II now
admitted. from all quarters. even by the gen.
tleman from New York himself MIR. Camore'
lns) who prophesied SO very dismal'y on Inc
subject at the last sessiOn-aye, SIR, 0y Inc
Secretary HIMSELF under his hand-that the de-
posites were safe, perfectly sale IN that BANK
| And not only So; il seems that from having
! been,-and as was then SO strenu"usly eadea'or'
ed TO be proyed--an insolvent coocrrn, and no
safe Mace in which to trust the public money,
the Bank has TOO much specie in its vaults. Yes,
sir: the FAULT is now the other way The Bank
is 80 horribly unreasonable, that though It has
ten millions 10 specie ing in its vaults, II
wants still more. All, then. concur that the
Bank IS q safe place OF depos'te. We'll, sir,
has the Bank failed in complying with any ot
ITS .iipnlations? Has it refused to transmit the
public treasure TO any part 81 the oh'"h' "neh
needed by the operations OF government. oir'
! | speak knowingly and deiiberatel, when say
that there is not a Government on the face OF the
earth, ahe,her the space covered BY lis author.
ity be small or large, which has been 50 wen
served in its financial opera ioas as the U. States
| Look sir, al the astonishing fact. thar, ~ all
its immense receipts aud Disbursements, not
duIIar-no. sir, not a single dolar-bas ever been
lost by means If The agency for the collection
and transmission and disbu cement OF ITS vast re
venues. Nor is this all. NJ, creditor OF tins
Go, eminent has had to wait one mument tor the
reception of his dues, so far as tins sgency has
been conc erned And more that thai; when he
| got his money. IL uas MONEY God grant may
be able 10 say the same Two years from tins time
Thus il appears we have been, IN relation to our
National Bank. in the full tide of successful ex
pertinent. Our currency, from r0tteDness ana
rain, has attained TO such a degree OF soundness
and purity as is unequalled by any of the .ame
| extent in the kn"wn world. We have had to
nav a mere nominal per orntagr for exchange.
however distant. And all tie fiscal operations
of the government have been. 10 fact. carried on
without expense. And with good Bank.
sol vent Bank and with perfectly safe and
sound currenoy-thus enjoying oil that heart
! can wish in this department ct our national 10
tcre.,s--what do WE hear? After two years Of
unremltting and unexamp'ed persecution, after
| manner of SANDER and libcls, which have re-
cnle,l on the heads Of the belers; after the most
desperate a,trmpts To prove II insolvent have
been abandoned IN despair, though the Bank has
strictly aud iully complied with every stipulation
contained in It's charter yet have the public funds
OF this nation. which had been placed IN this
Bank by force OF iaw, been removed from II BY
the President Of the United States, without even
the shadow of right; and Tor what! FOR OPP
MONS SAKE Yes. sir, for opinions sake.
In tu's land of liberty. where all men were
thought 10 enjoy the right of opinion in its Perfee'
ton. and the right, too, OF all the influence they
could acquire and exert in Tree community,
great institution has been assalled, and the rights
and property of widows and orphans tramPled IN
the dust BY the loot Of rvrant-and this Tor
the exercise of the right Of opinion. Pray, sir,
what right has the President to say that the
stockholders of Bank, ITS officers, had no
right to Interfere in hi, election. believe they
have not interiered IN it: | am confident there
are none of our citizens who have in greater de.
gree abstainpd from meddling in the political
contests Of the day. But. surprising they had ia
ken ever 81 active part in them. what right has
the President to forbid it! Because man has
placed his capital in Bank. is he therefore to be
DISTINGUISHED? Is he therefore not to dare open |
his oulh9 1t !, violated majesty to oppose the
election Of particular President! Why, sir, IN
the DAYS Of Tiberius himself, this would scarcely
have been viewed violated majesty.
In concluding his remarks in the Senate on
Thursday, on the resolutions he had offrred-Mr.
r., . heoued no rmis sion to trespass few mo-