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

dandy sIsw lhs< h v.s % seiurvGood. Nos ou,y
va. dc evidevec suops~tc. to Ia psss .ppliss-
toss Of thc moscy md power AZ Tie hussk 20 ri-v-
purposes. but tlsat tho resoiution o( the
Board of Drvrtors ssthorizcd the sane eoursr a,
be I,ar~sed In future.
Il being thus established by uoqrsstions-
bio proof that the Bank Of tho United States
was converted into permanent electioaeer-
ing engine, IL appsased 10 ma that the path Of
duty which ths Executive lSepartmcnt Of the
Governmeat ought 70 pursae. wss not doubt
ful. A, BY the terms Of tho bank charter.
no officer but the Secretary Of tho Treasury
could remove the deposites, Il seemed TO me
that this authority ought % b at once cxer-
ted TO deprive that great corporation Of the
support and eessteasnes u the Govsrnment
In such . use Of In fasds and such an cxer
else Of in power. In This point Of tho case,
the question . distinctly presented, whether
the people Of the United Stsses arc 70 govern
through representatives chosen BY their un-
biased sudragos, or whether The power and
money Of . great corpor.tioa are 10 be
secretly exerted.so influence their Judgment,
and cootrol Their decisions. % must nov be
determined whether the bank b 10 hare d,
candidates for all Offices in the country, from
the highest TO the lowest, or whether caudi-
dates on both sides Of political questions
shall be brought forward ~ heretofore. and
supported by the usual means.
Al this limo the efforts Of the Bank to con-
troll public opinion through the distresses of
somo aod the fears Of others. ere equally ap-
parent, and, IL possible, moro ebjsctiouable.
By 4 curtailneot Of its secomnoAstions moro
rapid than any emergency requires, and even
while u retnins specie 70 % almost unprcce-
denied amount In il vaults, n b attempting
to produce greet embarrassment in ono nor
ton Of the community, while, through presses
known To have been sustained by is money.
It attempts, by unfounded alarms, 70 create
panic i'm all.
These arc the mems by which Il seems 10
expect that Il cen force restoration of the
dcposites, and n necessary consequence,
extort from Congress q renewal OF its char
ter. am happy To know that. through the
good sense Of our people, sh. effort to &c, up
panic has hitherto failed, and that, through
the increased Recommendations WHICH the
State Banks have been enabled 60 afford. no
public distress has followed the exertions of
the Bans; and IL cannot be doubsed that the
exercise OF its power, and tho expcnditurr
oil Its money, IS we'll Is ITS efforts TO spread n
groundiess alarm, will be met and rebuked n
they deserve. 10 my own sphere Of duty. I
should feel myself called on BY the facts dis
closed 70 order q seirs Eseias against the
Bank, with view TO put an end 10 the char
tered rights il has 30 palpably violated, were
It not that the charter itself will expire as
soon as . decision would probably DO obtain
cd from the court OF last resost
called the attention Of Coaeres, 10 this
subject In my last annual message, and in form
ed them that such measures ~ were with
tn the reach Of the Secretary Of the Treasu-
ry, had been taken 10 enable him 20 Judge
whether the public deposites 10 the Bank OF
the United States were entirely safe; but
mat n his single powers might DO isadeauate
10 the object, ] recommended Tho subject 60
Congress, rs worthy Of their serious inyesti-
CATION: declaring IL as my opinion that an in
curry into the transactions Of thai institution
embracing the branches rs we'll as the prin-
eipal Bank, was called for by the credit
which was given throughout the country 40
many serious charges impe aching their char
ecter, and which, il true, might justly excite
she apprehension that they were no longer a
safe depository for the public money Tho
extent to which the examination, thus re-
commended, was gone into, Is spread upon
your Journals, and 10 too we'll known 10 re-
quire 60 be stated. Such a. was made result
ted In report from 4 majority Of the Com
mttee OF Ways and Means, touching certain
specified points only, coaclading with reso-
luton that the Government deposites might
safely DO continued In the Bank Of the United
1.Hses- THIS resolution was adopted nj the
2. me session, By the vote Of majority
- House Of Representatives.
8s,hOugh may not slways be able 20 con-
80 IN The views Of the psblic interest, or the
duties OF its agents, which may be taken by
the other departments Of the Government. or
esiAeg OF its branches, I AN, notwiIhstand.
i1Ss wholly incapable Of receiving otherwise
tn4n with the most siaeere respect, ell opin-
ions or suggestions pgoceedinx from such a
source; and in respect 70 none am 1 more in
ciined TO do 80, than 20 the iloase Of Rspre.
sentetves- but u Wiu DO seen, from the
pr'et views ct this time taken Of the subject
oy myself, IS we'll - the more ample one,
presented by tie Secretary Of tho Treasnrv
that The change IN the deposises which hs,
besn ordered has been deemed 20 be ealled
Tor by considerations whieh sre nos affected
~ the proceedings referred 20, and which. /,
correctly viewed BY that department, rem
dered Its aet matter Of impeTious duty.
Coming a. you do, for the most part, i'm.
medinseiy from the psoPie asd the states. by
election. and possessing the fullest opport,i.
NIFTY To know thsir sentiments. the present
Congress viii be sincerely solieiious 70 carr
into tiii and fair effect the will Of thsIv cor.
stitaents in regard T. this Institution. n Nil
DC Tor those IN whose behalf We all act. q
decide whether the Executive DspaPtEaaat OF
the Government, IN the steps WHICH Il has "A.
ken on this subject, hes 6sea found n the
line of its duty.
The accompanying report of the seeresar,
OF War. With the documents asnsxed 20 n
eAhton The operations of tire War Depsrt
ment Tor The past yesf aad tbs condition ol
the various subjects entrusted % its adminis.
tration.
will be seen from them thst The arm,
maintains the character u has heretofore &C.
CURED for efficiency and n,ililary knowledge
Nothing has occurred since your last session
TO require Ita services beyond the osdiBar,
Tos,s'ae 81 duties, which spon che seabosrd
and the inland froos,sr devolVe upon IL In !
time Of psace. The system, 90 wisely a5ops.
cd aDd 80 long paFstied. of constructive forti-
hestions 81 opposed points. and of preparing
and collecting the sUpplios nsosasary Tor ,hS
military dsiehee Of the country, and thu,
Pros'dsntly furnishing IN pssos TIE meass 81
- - -. A.