Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1833-12-19


community; and To enable il 10 afford, il il
think proper, the usual fac ilities to the mer-
chants. IL Is believed, that by this means the
change need not produce any Inconvenience
TO the commercial community, and that cir
cumstances Will not require a sudden and
heavy call on the Bank Of the United States.
80 rs to occasion eu.barr assment to the insti-
tuition or the public.
Tie Secrr!G-y II h.e Treasury 10 The Pr,esiGnf Of
h.e Tinted States.
TREASURY DEPARTMENT, Sept 2Ist, 1889.
SU:-Sir have the honor to lay before you :
j. copy Of my commission, empowering
and enjoining me 10 execute my duty ac-
cording 10 law, and authorizing me 10 hold
my office a; your pleasure.
- copy OF my oath of office, wherein I
solemnly pledged myself to execute tho
trust committed 10 me with fidelity.
). copy Of the 10th section OF the law
ohartering the Bank Of the United States,
whereby the discretion 10 discontinue the
dcpositc Of the public money in that bank,
was committed 20 the Secretary OF the
Treasury alone.
!. An extract from your letter 20 me Of the
26th Of June, wherein you promise not TO
interfere with the independent exercise of
the discretion, committed 10 me by 1.-THE
a6ove-mentoncd) law over the subject
y. An extract from your exposition Of the
lsthinst. wherein you state, that you do
rot expect me, at your request, order, or
dictation, to do any act, which I may be-
lieve To be Illegal, or which my conscience
may condemn.
when you delivered 90 me, on the 18th
inst, the exposition Of your views, above re.
ierred TO, asked you whether I was to re-
1a hv 10,
the deposites: You replied that il was your
direction TO me to remove the deposites, but
upon your responsibility; and you had the
goodness to add, that, if would stand by
you, u would be the happiesi day of your life.
Soiennly impressed with 4 profound sense
OF my obligations TO my country and myself,
after painful reflection, and upon my own
impressions, unaided by any advice such rs ]
expected, respectfully announce to you,
SIR that refuse TO carry your directions into
effect.
/. Not because desire 10 Illustrate your
wishes; for II would be my pleasure TO pro-
mote them, " ! could do so, consistently
with superior obligations.
,. Not because desire 10 favor the Bank OF
the United States, TO which have ever
been, am, and ever shall be opposed.
). Not TO crafty any views, passions, or feel
iugs of my oHn-but,
4. Because consider the proposed change OF
the depository, IN the absence Of all neccs-
sity, breach Of the public faith.
,. Because the measure, II not in reality, ap-
pears tO be yindictive and arbitrary, not
conservative or just.
6. Because, II tie bank has abused or pervcr-
ted Its own powers, the judicinry are able
and willing 10 punish; and in the last re-
sort, the representatives Of the people may
do so.
:. Because the last House Of Representative
ofthe United States pronounced the public
money IN the bank Of the L. States safe.
: Because, if under new circumstances a
change Il depository ought TO be made,
the representatives of the people, chosen
since your sppesl % them in your veto
message, will m a few weeks assemble, and
Is ~ dung AID sble to do their duty.
o. Because a change 20 local and irrcspon.l-
be banks viii tend TO shake public conf
deuce, and promote doubt and mischief IN
tho operations Of society
10. because u - not sound policy in the Union
o. foster local banks, which, In their multi
plicoiion AID cupidHy. dersnge. deprcciatc,
aud Danish the only currency known % the
Constitution, that Of gold and silver.
~. Because u Is not prudent TO confdo, IN the
erode way proposed by your agent, % local
banks. when o. as average Of ali tie banks,
dependent ~ great degree upon each
other, Que dollar ~ SILVER cannot be paid
fJr s,x dollars of tho paper IN circulation
/ u because u b. dangerous % place, IN the
I hands 81 a secretary of The Treasury, De.
pendent for ofhrc or executive will, pow.
sr g. favor OF pugi-h local banks, and ed.
sequcuily make them poiilica mac htnsry.
Z - Becsu.s the whole proceeding must ten,
a. diminish the confidence Of tie world ir
our regard for national credit ADD rcpvts
/ ton. ioasmush a.. whatever may D. The
abuses 81 the directors of tho 4. s. bank
tie csil nov 81 bo endured must b. b9ru'
BY iIuoeent persons, many 81 whom
abroad, bad a right n conhde Ia The las
that authorized them % b. holdsrr % stOs \
q. Because believe that the efforts, nsd'
7 IN various quarters % hasten the renaofs
cf &c 3sPos;s', dii not originate with ps