Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1833-12-27
POLITICAL.
REIOIl.
VI |""""''ee o. directors Of the Bank of the United
Sfdfes.-tcoNcLupEpl

u ctdfes.-lcoNcLUDEp
The Bank does not control. and never ,iJ ., :,
any press whatever-the Bank does own and never
ud own any press-the Bank does not now suppor, no
dd II ever support by its money! any press Created for
e PURPOSE OF giving AID to every branch Of industry it
mas not presumed TO prescribe the conuc of the
from their share of the accommodation duo TO their
t"l and industry OF hs extent and the security of these
loans The Directors claim the exclusive privilege
The course OF this inquiry has breug hi the Com,
mt'ee 10 the second paper referred them by the Board
signed by the Government Directors II nnnears Con
her report that the President of the Uni ed States adj
dressed letter TO them, dire 10 examne and
report upon the expense account Of the Bank the Uni
portion which embraced expenditures calculated 10
rate on the eections"-which examination thew state
undoubtedly present circumstances which in our opinion
the belief you have been led to entertain Th
assertion oil right in the President of the United States
inquire INTO the expenses Of the Bank, with a
view 70 ascertain whether any money was expended
which might directly or indirectly interfere viii lis
own personal election, is alike novel and
His authority, as have seen, is limited TO the pow.
oil Issuing scre acias But in part of the charter nj
The Bank in law Of this country is there found anu
power 10 e President TO interfere in the internal
OF 'he institution, or 10 direct secret nve Buf
that which they regard with suprize and regret is that
these Directors having such commission 10 execute from
he PRESIDENT never communicated the fact to their COL
leagues 10 the Officers of Bank am, ~ lille tbese or;
GERS giving to them the reest and most 80
70 all he books and papers OF the Bank while their
colleagues were sitting in perfect nv Their s
neither those Officers the Directors had The removes,
suspicion OF this Official invesig into their condc
begun nearly two months BEFORE under orders of the Pre-
sent until they read in the newspapers When At The
meeting OF the Board, after its publication the subject
was introduced one OF the Government Directors effect
acknowledged that they had purposely concealed their
object lest il their colleagues had been aware of r. bev
would not have permitted lit. What the Committee deem
therefore subject OF just complaint it, want of
In thus trying their colleagues, without appriznp Then,
that were on trial. or giving them any chance of knowing
or answering the charges made against them by the Pre-.
sident. Wv ~
The report itself bears manifest evidence of the haste
with which was prepared. Thus ceeded saw
they, 10 look into such Of the vouchers on which
are founded as we had time and opportunity TO do" They
state that they would have copies of these vouchers
put The fe ana !d6oM necessary for this mode would
nave prevented our resortng TO at present. When the
truth Is That few hours OF tranquil industry would have
enabled them to copy every word Of these vouchers
o,on partial inquiries" The errors of this partial and
hasty inquiry the Committee will proceed TO notice
ls Ihe hrst Impression attempted 10 be made H. that
whatever IS here stated discoveries things hiIbeo
concealed and which The light in consequence
OF their exerions Thus they speak of the expenditures
"discouered by u.s. and of their "iapestigatioas Ia,
they requested particular statement from the Board
which "request was not complied WITH and that thew
were .obliged TO depend on their partial inquiries
And hnally, they with air OF despondency "we
must infer from the course pursued by the Board when
our resolutions submitted them that more xact
seen can Only be oo,ined by an agent directly
neous than such an impression No one concealed-no
one desired to conceal-no could this whole
matter. The resolutions OF the Board on the mi
nu,es--tbe expenses under them arecorded in n
book, the vouchers all referred by number in thai
and all Of them mnuies-expense book and vouchers
were always 10 be seen and examined by the
so that the whole process of discovery 10 ask for The
books and vouchers, and receive them. I'm The same
spirit, they remark that, tbe expense account as made
up In The book which was submitted u.s. contained yetv
little Information relative TO the particulars of this ex
penditute and we Obliged in order 10 obtain them
to resort to an inspection of the rouchers VIVA, did
hese Directors expect in expense book. This book
contains the name OF the party the paid, and the
number oil the voucher which supports it, the youch
er Is at hand TO verify il. ii they meant tina, each item
OF each account should be copied into this expense book
they mean, that which no expense ever did con-
TAIN or ever ought contain; and the objection shows on.
W The spirit in which the inquiry conducted.
I'd Another effort is, TO make il appear that these ex
pendlues exclusively at the Bank in Philadepha
leaving OF course the inference OPEN that the expend
lures at the Branches might be in the proportion
All expendi ures OF this kind say the Committee intro
duced into The expense account and by us
found 10 be, so lar as regards the institution This etv
embraced under the head Of stationary and printing"
Now, the truth is, that these expenses not confined
to Philadelphia but embraced all the United States The
expense book showed and the vouchers proved that these
expenditures were made in various and remote parts of
the too apparent escape immediate obser.
walton.
3D. The next Misrepresentation is this: After quoting
suned Of these resolutions the item of stationary and
printing increased, during the first half OF the wear
1881, TO the enormous sum OF S29,979 90.
Now, appears the very face OF the expense ac.
count that the increase to this sum- so far from,
having been occaoned by these resolutions was caused
by the purchase of large quantities of paper and
ings for bank notes, and by the supply of station
airy for the Bank.
The enormous sum in question was 800 979 o.