Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1833-12-21
POLITICAL.
REPORT

Mates.-[CoNrINUED.1
The Committee willingly leave the Congress Of The
United States the assertion OF their own cons ,i,u,ouaI
power and the vndca ion of the PRINCIPLES of our Co
'ernment agans, the most violent they have ever
yet encomntered anL will connc themselves tn tho
more limited purpose OF showing that the easons
is illegal, 800
The main purpose fac, of this manifesto anoeor. :,
be, TO that the Bank unendly to his own cleo
on ana he endeavos 10 trace his opposition him aud
his measures.
Ist In the application 10 Congress for a renew al Of the
Charter. NV
I'd In the extension Of the loans Of the Bank in 1881
and 1882. "
3D. In the claim for damages on the French Bill.
am In me circulation OF documents vindicat.ng the
BANK from The inpuaous which had been cast unon il
All these assertions it is proposed briefly to dsproye
lst He first complains that the Bank applied to Con
gress Tor decision in regard its charter lie SAYS ba
there are strong for believing that the motive OF
the Bank for asking Tor charter at that
TO make 1t leading question in the election Presi.
dent OF the United States the ensuing November and all
steps were deemed necessary procure from the Peope
reversal of the Presidents decison' and again-"the
object avowcd by many of the advocates of the Bank
to put the President the tes and moreover ait was
to compel the President TO take his that the question
was brought forward at that particular time Nav he
TACT Is that so lar from premaurely discussion
on the part Of the Bank was in fact he himself
Drought This rery question before Congress- and render
cd Its discussion inevitable. Thus,
In his Message OF December s, 1929 he said.
1.-The Charter OF the Bank the United States xpres
IN 1850 ana Its Stockholders will probably apply for
renewal oil their privileges. In order avoid the evils
resulting from precipitancy in measure involving such
important principles and such deep pecuniary interests
ieei that cannot in justice The parties Interested
too present it deliberate consideration i H.,
Legislature and the People"
In his Message OF December llih, 1880 he saws.
ihe importance OF the principles involved i'm the in.
curry whether be proper 10 charter The Bank OF the
tenton OF Congress TO the subject"
In his Message OF December 6, he saws:
tn'ertahhg the opinions heretofore expressed in reli
lion TO the Bank OF the United States as at present
nised felt il my duty, in my former messages franti
TO disclose them, order that attention of Tho
lure and The People should be sedsonG6iy directed TO that
important SUBJECT and That 1t mg ht he considered and final
y disposed oil in best calculated TO promote te
ends oil the Constitution and subserve the public interests
Having thus coDscieniousy discharged consiu iona
duty deem it proper This occasion wi,bout a n,ora
particular reference 10 the views of The subject then x
pressed to eGre at present TO the investigation of an
enlightened People and their representatives"
Ii was under these distinct and repeated invitations bv
me President himself that the Bank felt itself obge NO,
TO decline his call upon Congress and accordingly the
Ject was brought before that body.
Boh Houses oil Congress passed the bill renewing the
en1er rms result was unexpected to him, although
he had declared IN the Message just quoted that he meant
to leave at present the of an enIo
ened people and their the moment
the enlightened people their REPRESENTATIVES dGrI
from him in opinion, he treated them lust as he has re
Gently done the conscience of the Secretary of the T
ne reused his signature TO the bill the 18th of
'uy' 1857 declaring that chad the Executive been called
upon 10 furnish The project of such institution the du
would have been cheeriully performed" As howeyeI
no such can was made, lie concluded that charter
nua ger Jour years 10 rum and as rene,col cas
not necessary TO The successful prosecution of lis bust
WSS' ~ was 10 nave Deen expected" &c. SC.
Here, then, the President begins in 1929 when tho
BANK had nearly seven years TO run BY telling Conpres
mat TO avoid precancy he could not too soon present
the suoJect oil the charter TO their consde alton The
next year, when the Bank had nearly years TO run he
repeated 10 Congress That the importance of The subiect
oil The re-charter required that he should again all Inc
atenon OF Congress to it, The next wear when the
Bnk hid oe gears tOrun, he reiterated TO Conpress ia,
ne thought the attention OF Congress should lie seasonal
oY directed TO this important subect-and then when
Congress at his request proceeded 10 consider H. and re
newed The charter, he back with decIaration ha,
as the charter had get J0 years TO run there was nm
necessity Tor being in haste about il.
Ana now, IN the face Of all these testnonisIs of HE
ueng congress- year alter year, to decide the ston
a ey decided against him, he asserts that the R,pk
must have brought before Congress 10 defeat hs
ton. . - ~ 0''"' MS c'ec-
His second proof is scarcely less extraordinary ue
says hat IN order 10 carry The election against him al
nougo the chsrter was approaching its Examinations and
Wc BANK was aware that ii was the intention of Tho On
Verninent TO use the public deposc as fast as il accrued
~ me payment oil The public debt, yet did il extend s
loans a rom January 1881, TO May 1882 from Sl2 402
8O1 ~ to 7O42SOIO ~, being an increase Of 2s OBS
I66 4S in sixteen months. II is confidently besvet he,
the leading object Of this immense extension Of its loans
was 70 bring as large portion Of the people as possbIe
under its power and influence"
The errors here are as follows:
s! na The Tact in regard TO the increase Of be Ioaos
Is nisstated-and that the ,no,i,.. q - " 'o ,"ans
perverted. ' VI "e'h arc WhoiIy
The truth is, that the loans at the periods ,s,o,.a
stood thus: " VIC Pe'oos mentioned
r.,. O., i,,,,, January, 1881. May. 1892
Loans TO individuals S33 SIS 1O3 AZ ef7 a7s o1s on
Loan to Government SG746sI O6 ~