Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1833-01-15
POLAT'ECAE.
TIlE UNITED States "a

- X
Nearly eleven closely printed columns of the Flashing
tom Globe OF Tuesday occupied with an able and an
pareny semi-o hcal article which has for its object the
defence OF the President of the United States and the Sc
cretary of the Treasury against the attacks which have
Gently been made those unctonares bv some of the
opposition presses in CONSEQUENCE of the doubs oxs
cd by Them relative to The safety OF that institution as
depository OF the public funds. The documents furnished
by the Bank TO ie Investigating Committee of Compress
at the Last session, Mr. Tolands report and The cores
pondence relative to the redemption Of the three per cent
stocks furnish the materials for this exposition of which
we have only room Tor the concluding paragraphs:
Phiidd Sentinel
Considering all these things the Government was fore
ed TO doubt, not the ultimate soIyency of the Bank bnt H.,
ability 10 pay over the public money deposited i'm lis wants
when 1t might be wanted for the payment of the puhic
De5' 1t was forced to doubt whether Bank which
had deceived the Government by egned preiences had
negotiated clawesinry with the public creditors and
unwaran'ahIy held tie Government responsible for its
own PccuniMy arrangements, was either safe or ,yor
tiy depository of The public funds
In The transactions of the past year, relative to the Bank
Of tie United States the President Of that Institution has
acted most extraordinary part by law and in proprety
This Bank is merely the agent Of the Government TO re-
cclve and pay out the public moneys without the manage
mcht oil me pubic revenue the policy of the Govern
ment But in his testimony, and in his letters MIR Bid
"e seems TO think That the control OF the whole financial
system of this nation rests upon his shoulders a., ali ~
cdons he lhrusis ~ his views unsolicited and
upon This subject and then discusses the propreiv and
eralon OF measures with which he has no concern and
sets himself up the superior Of the Treasury Drport
mchi' winch M relation to The funds of the Government
IS his duty simply TO obey ct content with direcrin
the course OF the Treasury, and protecting the people
against the pretended evils of ITS lnagement he attcmn
he may be believed to the calaniucs of Prnyi
dental visitation. To accomplish this simulated purposc
he does not hesitate without consulting the Governrnn
OF any al aus authorities, 10 posp One the payment of five
millions Of Public Debt for one wear and use without
leave the national credit and the peoples money TO ss
tain his rcclng Bank Detected in this u,urpaton Of nov
e ana breach OF trust he aT1gn7 the Secretary OF the
Treasury, and, through tie National Gazette and his veil
PAID organ in this City, charges him with inconsistency
ana Tor no honorable purpose arrogany to cor.
rect his official report!
II Mr. McLanc has changed his opinion Of thc nrcsent
Bank or its management, it does not follow that his views
arc d" % altered n relation to the eXpedency and consl-
'nlonan'y OF wel-cons'ruced and well managed Bank
OF the United States His fellow -citizens will see in The
TACT disclosed in this cSposon ample grounds for loss Of
confidence ia the present Bank, without imputnr il t
change Of principles party discipline The taun1 and
abuse OF vena presses and disappointed men (l bor
Tess al iSIcet Determined on the idhiu performance of
his public duties, pride of apparent consistency or fear
oil rebukc, viii induce him 10 iogn confidence he oes
not ieel express opinion he does not entertain o nor
'ln course proved to he crroncoHs Change of OPT
mo III relation TO banks or men is not change of prn-
cple, and Mr.. McLane is willing for his counirvmen 70
decide upon the facts Of the whether the Bank has
not given him ample reasons since his Report or Lac, ~
mat institution in the condition which il las been re-
uuce" u'"r ITS present management deserves the conf
f ''''
All must regret the losses which bad nanage,,or,
hung upon The Stockholders Of thc Bank H, ,bo,, -.
put their interests into The hands Of scbeners snei ,
ana PoihcanT, and continuing them there thev ,nust
aoae ne result lTeircvahIe mischief is already done
6cr Interests; bulH they wish go save even the wreck
OF lbcr institution, once rendered sound bv the indeG
gable ana talented Chcves, they must change tlc c,n
tam % not tie crew. l' leading policy must be cbop,cJ
ahd must cease 10 be- It POiHcai B0pk PARTY feeling
mas now n great measure. passed away: reason ,,
exercise ne functions uncontrolled by prejudice or sso,
me pcnous condlon OF the Bank, and Tie policy which
mas brought 10 The brink OF ruin, must now be anna,
rent 10 every one who viii open his eyes ''F'
VI The Stockholders 20 not awake Do thcy do nof regard
ther own interests 10 hey do not take the power into
'hef own hands b they do not select officers who win be
content 70 administer ne affairs of the Bank without ,s
P'Wg io govern ihc notions if they do not change the
"Io p0igy OF the institution curiail DE loans restrain
Sues hu band iia resources, and conGue 10 10 ue lc
El'n'e operations Of banking, they cannot blame The
Innsni or "rhdnwiug s confidence and ita deposits
"' w" hnA mn sympaly Tor their loesea, no compassion
%. '"-i'i'''e7 Ihr trs, Of January nov % hand
d pc PONY DO nn within reasonable time uerealcf
P'Y 'h ''ap I1cr TO the Treasury Department, nc cor