Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1833-12-24

May 6, sI4 Oa6 6I
90 TIA $50 At
wa, ~ 43l $50 43
When the money was repaid.
VIII mus be seen, that there the credit Of the
treasurer on the 18th Of February the sum of al Tan
ioo 4V OF which 90356 SO were the proce eds of The
oi and as in the month of April there was to his
oh'y lao 0ls 81 the difference between those two
tha Is to say Sl55952 % had been drawn for ont of
| that fund Of 1908 SOS So ~ ''' "
Accordingly, when the Treasurer came 10 repay the
money he had not enough oft remaining was Obliged
TO draw on funds elsewhere that in ackoowiedeng The
RECEIPT OF his dra on the 4ih Of May 1885, the Cashier
our transfer check for 500 900 on Tie Office Of tho
pank OF the United States at New York will appear At
e eIeai' OF your account this day. and tciH thus pre
othertolse haze 0ccasiOned." ~
In the United States then the Bank had paid the
h o. he oi'l in its least convenient form. But
wheh was protested in Paris, the agents of the Bank
hnuing bill with its upon it protested came for
R anu PAID Il on account of the Bank-so tina, the
Dank had actually paid for this bill twice overon.o IL
Philadelphia and in Paris-tha is il had f o,rs
G'ea Tor The proceeds Of the sale OF The bill in Lonon
upwards Of 81 500 600 - "' o'' were
mar makes the case stronger is thsthat on the 22J
o. March the day when the protested bill came back to
paS' lhe whole amount in the credit of the Treasury
throughout the whole United States, with the excen,on
OF the Danish indemnify money, was 81 s27 OIs Sc :"
Vow 'ne sSnk had advanced 5000 ,565 SO in Phade.
phia and $9sl $50 Is in Paris making I56 OF On
That although had credit in Eng land Tor the hin ola
ere' the Bank had actually advanced on account of This
OH sum equal within less than two thousand doIlars n
the whole funds OF tie Government in the Bank "
When the bill returned protested the Bank as eh endor
h Gaea upon me Government to pay the principal and
he d'hage Ii did this matter of course II did II
as matter OF the clearest duty TO the (overnnen no
cause the Government had any right at all 10 draw Inc
o had right to make France pay the for i,s
breach OF contract and had no mode of clamng
FRANCE unless in the first instance paid the DAMAGES
me BANK which II might the readily do as heinz
@ nun partner OF the Bank its share of the SI5S
600 would be $3I, 00O ~ @o'
But whether The French Government pays these DANA
he siunI nrin
oil equity, but Of ordinary honesty.
FROM The bounds ion OF the Government 10 the present
uay whenever the Government has purchased hin from,
private citizen, and that bill has from whatever cause
returned protested matter how hard the case NAV be
no matte what circumstances Of excuse or miga,on
may oe oiersd by the ciiZen matter whether
were actually sustained not the Cove has rso
ousy enforced its claims for damages II has not merely
0rced solvent merchant TO pay, but has insisted thai he
claim Tor damages should have its legal precedence
all the just rights OF the other creditors of an insolven
al" o now wnen The case is changed, when the Govern
eh' se It's own bill to its citizens and that bill re-
turns protested, with what proprety nav with VIVA, r
tensions TO common honesty the Government emit
uehy the same justice TO its citizens? The books
OF me treasury are crowded with cases OF damages
ed oy the Government from American citizeDsand ons
Is now selected merely from its peculiar aptnes. to the
some years ago, Mr. Stephen Girard sold 10 the Troasu
ny TOUR bills, two OF which returned protested owing IN
The insolvency of his correspondent in London Yhen
TWO others became due they were paid for the honor
MI. Eard by the Messrs Earrings, who also agreed 10
pay me two hrst in London, of the day on which thew
were payable Mr. Girard applied Congress Tor exone
ration from the claim OF 20 per cent DAMAGES aIegiO
nat from the said sum Of L22 500 s,erug due on the
o.h august last being passed by Sir Francis Barring &
Co.. TO The credit of the Secretary of the Treasury Of G
Cned States as on the day the same became due mn y
J .0 ss lie garage can accrue to the United States from
me SAID DIS being returned under protest.
congress rejected the claim, and Mr.. Grard maid tho
damages Of 20 per cent ~ f"'" the
On that occasion the Committee of Claims called m Tho
Secretary OF the Treasury Mr. Gaatn and in Iis an
swer which makes part Of their report he saws that he
hs Mr. Grards claim for four reasons which
because, considering the large amount OF bills fuors
hah Two millions OF dollars annually purchased m
neun ., appeared absolutely necessary
o, 20 goe up me damages whenever legai rieh to
mem hdd accrued and because that right has il; ertr IN;
sance, wHoW regardfo persons or eircumstance, hen
I'D Because il abandoned in this instance and f., mat
every drawer who was solvent might bv making
remittance to the bankers in E,Irone nf, ~ T""ns
rIs JoF non-Pdyment, had been returned IN bs
treasury, induce them 10 make similar oesr n ~ ae
me payment Of damages" VIZ" '''"e
NJ nc se years al las: reversed the state OF the parties
W.T. o'rd becomes The largest stakeholder in cnrnora
uon called The Bank of the United States and be nS la
I'd me course OF their business purchase hin
rom this same officer the Secretary of The Tsoos
which comes back protested after having been ,io
ior Mr. Grard's heirs and his associates annIv ~, %
s uedes.ayLno even Tor the amount which Mr. Ci
iOimety paiu'-not for twenty per cent lie DAMAGE
I'D Fennsylya nia,-but for fifteen per cent ha s.
Washington and the only youchsaCed b., 49,, :"
in mem, ~ mat The claim has no foundation
that II is an attempt 10 " impair The credit oS ~ auus'
ment' ana fdrnh The honor of the couniyUH SCI
course tends 10 an utter confusion of all ideas Of ios
Is ~ ming 'oeradle by the American people hat an
% v,uua sha1 go among the citizens PURCHASING bilJs
eNacuOg damages and when his own bill sold 10 bss
I've ezen', returns protested he shall wrap himself nm
W us ocla immunity and refuse TO do 10 HE fellow
uzens what he has compelled them 10 do 70 him '
BOT, suPposng all this to be directly The re.,. IF
" resny is-supposng The clsim to be ouesonab i'a"
OF 0eing equitable, 10 there any thing in il ,vLicb @ ~
aI Justify this denunciation of The Bank Hero .Jn
~ Dy certain American citizens for damages m hm
eschsnge, which they have purchased Of The GSo VI,
are =, ne question is legal one. The judicial rSna,
the action os Yet while the BsnkEs quietly waInS
nre;1d %, 'he laws, the President Of the Uniied S,s
prc,sS we quesi denounces the Bsnk f L,
iry as reason NE elamand gives that to lie co"n
=, we f!sas9ty, IN order 10 soLiect t,e
IN ,G,,h.r we U.ea states to his disposal P'O''
his election he o. the opposition Of The Bank 70
BOARD Of Directors The snnuncison Of s. se.s Of
seeo ny remarks on The magnitude and
,scs her recent disclosure and er great o. Ihe
Of tbo"s.od concluded by compano the b"S5rs%s
~; "yssnus ana even Millions" which NAV n. ,
." SuoVsrung The liberties Of the coun,v II. epoyed