Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1833-10-03

1881.
Tn s..~rs.ia,.s shes. Facts, and p~ve~i,i.g that
exp~udi,urvs Of similar character we're still
e;ru-sI. the Government Dirreiors, . fev weeks
$50. offered resolution In the Board, calling for
speci6c account Of these en- pendturcs, she ~ sas
the obiects 10 which they hsd becn applied and
the psrsoas To whom the money -hsd been paid
This rrasonable proposition vss voted dosn.
Thry aiso offered . resolution resembling the
resolutions al November, 1880, and March, 1881.
This slso ~ss rejected.
Not eoatcnt With ,hus refusing 70 recall the OBJ
noxtous power, or even to require such an account
OF the expenditure would shew whether the
money OF the bank he'd ia fact. bcea applied Co
the objects contemplated BY thosr nc solutions %
obnoxious ss usey vefr, the board rxnewed the
power already conferred, and even cnjoined re-
"e.~d attention. TO its exercise, BY adopting the
foilo~ing ia lieu Of the propositions subsnittcd
BY the Government Directors, viz:
Resoited. That the Board have confidence in
the wisdom and integrity Of the Presi,eoi aud in
the prupriety Of the n solutions OF sob Novcm-
Der. 1880, and nth March, 1881, and entertain
full conviction of the necessity of y renewed at
tcnion tn the object Of those solutions an that
the President be authorized and requested 20 con-
time his cxertious for the promotion Of said OBJ
jeet."
Taken in connection with the nature Of the ex-
pcsditurcs heretofore made, ~ recently disclosed
which the Board not only tolerate but approve,
this resolution pots the funds OF the bank IT the
employing the whole press OF the country in the
service OF the bank, tn hire writer's and ne sspa-
prr-, aud TO paw out such sums ~ he plcases, TO
chat persons and for what services be plcases,
without the responsibility Of rendering ANY spe-
chic account. The bsnk is thus converted into
vast ciestioueer,ng engine, with means to em3roil
the country Ia deadly fcuds, and, under cover OF
expenditures, in themselves Improper, extend its
corruption through all the ramihcations Of soeie-
~.
Some Of thc items for which accounts have
been rcnd-rcd, shew the construction which has
becu given To the resolutions, and the way ia
which the power IL coufers has been cAcrted -
The money has not been expended merely in the
publication and distributon OF speeches, reports
OF committees, or articles written for the purpose
OF showing the constitutionality or usefulness OF
The bank. But publications have been prepared
and extensively circulated, containing the gross-
est inveetives against the officers or the Govern
mont; anil the money which belongs to the stock
holders and TO the public has been freely applied
ia corts to degrade, In public estimation, ihose
the wishes OF this graspng and dangerous insiitu-
ton. As the President OF the bank has not been
required 20 settle his aeeounts no one bot himself
yet knows hos much more than the sum already
mentioned may have been squznderrd, and for
which credit may hereafter be claimed In his
account under this most extraordinary resolution.
With these facts before us, can ve be surprised
NJ the torrent Of abuse necessarily poured out a.
Eainss all who are supposed 60 stand in the way Of
the cupidity ambition Of the bank Of the United
Siatesf Gan ve be surprised at suddea and UNI
expected changes Of opinion in favor Of IN insti-
tuition which has millions 90 lavish and asoVs its
determination not TO spare is means when they
arc necessary TO accomplish its purposes, The
refusal to render an account Of the maoner in
which part OF the money expended has been ap-
piled, gives Just cause Tor the suspicion that IL
has beea used for purposes which IL 10 no, deem
cd prudent TO expose to the eyes Of int llgent
and sirtuous people. Those Who act Justly, do
not shun the light, nor do they refuse explana-
,lons when the proprie'y Of their soadae, Is brot
With these facts before him, ia an official re-
port from the Government Directors, the Presi-
dent would feel that he was not only responsible
eommiited, or may commit, bot almost m &C
complies n q conspiracy against that Governmen,
which he has sworn honestly to administer, n he
did not take every s,ep within his constitutional
and legal power likely to be efficient in putting
an end 10 these enormities. II Il be possible,
within the scope Of human affairs, to fnd q rea-
son TOR removing the Government deposites and
leaving the bank 10 its own resource for the
! means OF ehecting its criminal designs, we have
| u here. Was u expected when the moneys oi
the United States we're directed TO be placed Ia
that bank, tsat they would be put under the con-
| troll OF one man empowered to spend million,
without rendering voucher OF specify iaK the OBJ
jectf Cen they be considered sSfe With the evil
denee before Us, that tens Of thousands have been
spent Tor highly improper, not corrupt pur-
poses, sod that the same motive nsy lead TO The
expenditure Of hundreds Of tbousunds, and even
millions morel And can We justify ourselves q
the people BY longer lending TO il The money and
power OF the Government, TO be employed Col
! such purposes
! II has been alleged by some % an objection q
the removal Of the deposites, that the bank hal
the power, and in that eveAt will have the dispo-
sitloa 10 destroy che saate bauks employed by ths
Government, snd bring distress upon the eoun-
Wy. u has been the fortune Of the President q
encounter daoEers which were represented a
equally alarming, aud he has seen them yanisl
before resolution and energy. Pictures eqnali,
/ appalling were parallel before him when thi
( bank came to demand = new charter. But VIA
Sas the result iiAs the country been ruined, Of
even distressedl Was il ever more prosper
Gus than since that acti The President veri
ly believes the bank has not the power tc
! produce the ealamisies its friends threaten
! The funds Of the Government will not be an
\ initiated BY being transferred. They vii
Immediately be issued for the benefit Of trade
and n the bank Of the United States curtail
It's loans, the state banks, strengthened by ID,
public deposites, will extend theirs.
What comes in through one bank, will q,
out through Others, and the equilibrium vii
be preserved. Should the bank, for the ner,
i purpose OF producing distress, press It's debt
OTs more heavily than some OF them can bear
the consequences will recoil upon itself, an,
ia the attempts 10 embarrass the country,
VIII only bring loss and ruin upon the holder
I Of its own stock. But IL the President be
leVed the bank possessed all the power whicl
has been attributed 90 IL, his determination
would only be rendered the more inAoxible
", indeed, tbis corporation now holds IN u
hands the happiness and prosperity of N,
American people, u y high time TO take IN,
alarm. IL the desPotism be already upon "
and our only safety u 10 Tie mercy Of the des
pot, recent Developments IN collation. TO his de
sisns and the means be employs, show hov
necessary u y 10 shake u OF The sirugxI,
can lever come with less distress 10 the PEG
pie, or under more favorable auspices, thai
- NE present moment
y Al doubt % 60 The willingness Of the Stat,
banks ~ undertake the service Of the Govern
faent, - the sane extent, aud on the sam,