Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-01-02

. In, ia otf
When the letter containing these charges was submitted
to the House, IL was referred to a Comn,se Of Li.h
distinguished gentleman from Virginia was Chernan-
Evidence was IN that Committee taken and the Cashiers
from distant banks, well from those IN The Dsc, ot
Co'umoa, Were examined All this testimony established
tue ac ha' IN making these depotes the Secretary OF
me treasury had acted openly aud uDdisg usedy All
th'. evidence was collected and embodied into report
anu me committee reported by the hands of their Chair
man. Mr. Floyd, now Governor Of Virginia And what
did he say, and what did that Committee say
he COMMITTEES does not perceive any thing in the
pnhc'pe OF these arrangements with the Banks, either
m cofdHon ~ id,o, or contrary TO the usage Of the Co
Vement, since the Treasury has for many years had
agreements with less OF the Banks by which Tho
public moneys were deposited in such banks and r.wn
IRON them when waned certain terms and conditions ne
to the mode OF drawing being stipulated such az were
thought beneficial both TO the Treasury and the Banks
Indeed. il may be proper observe here thai n .ecn.
to have been assumed by different officers al the he If
the Treasury Department., that il was their du,v 10 Al;
rect its operations to the support of different noneyed
institutions whenever their affairs required supnort 60
as to defeat combinations against them and
equilibrium OF credit among them" Againr
among 'ne banks with which these negotiations were
msue, the attention OF the committee called par,c
iary to the Farmers and Mechanics' Bank of Cincn
ma' the Bank OF Chilcohc, the Branch OF the State
bahK OF kentucky, at Louisville forming the biect
OF charge that does not apply to the others I'm the
several places where these Banks were situated The
Bank OF the United States had Offices Of discount and de-
pose and the law incorporating that institution as has
been before observed, obligation on the Trea
suy Of the United States, them as places of eno
site in preference any other banks unless The
sry SHALL Tor special reasons otherwise direct and in
that case such shall be laid before Congress IL,
then or next session. The charge is that no such con-
muncaion was made TO Congress. This omission is ac.
knowIedged by the Secretary, who saws il was o,y -
nAdverencc, and that the 10 the ~
he law was animportani inasmuch the provision was
obviously Tor the benefit OF the Bank and the
rank mad iuii notice The notoety Of the fact is also
relied on 10 show that Improper conduct or desire to
'conceali produced the omission
"Ihe committee reasos 10 doubt the satene,,
or 10 attribute any improper motive the Secretary in
IN TINS inatteniion to the directors OF the act"
In
nscehces and seeing what others thought said Mr. p
1t was then thought by Governor Floyd and the commit
zee Of the House. that the depoe Of the public money m
IN the local banks by Mr. Crawford was an act which
done without disguise eaImen and for which mo
eensure was applicable to him. Yet now when asi,na,
act was performed, the President had been de a.
ayran anu an usurper and the the Treasury
sugm:uzed as his plant instrument in an act of tyranny
and despoism. Yet the same power haJ h.sn . S".y
and exercised by Mr.. Crawford and had then ,ac;.J
the sanction OF the House and Of the nation Congress
ALL No man vast be found who endeayored 10 painsav
what the Secretary had reported The friends of the other
genuenan' VINO was at that time candidate also for the
Chlet Magracy, would descend TO take the course
which was pursued in reference 10 the same
nis power, then, had been maintained and exercised
by Mr. Crawford, and was then 10 be found n
raise his voice against it, But since that period The nov
er mad also been claimed by subsequent Secretary OF
tue treasury Mr. inghaiu in his letter 10 the President
oil the United States Bank, in 1929 claimed sn,;l,r
power and the claim was received by the Bank in 81.
,ehce ana remained uncontroveried. This opiuion of
Mr. ingham ratified aud confirmed that which had bsen
previously asserted by Mr.. Crawford.
Mr. inghams letter Of October g. Il is said take
the occasion 10 say 1t il should ever appear TO the sa,is
achon OF the Secretary Of the Treasury that the b,nk
used It's pecuniary for purposes OF Injustice and
oppression, he would be fsithIcss 10 his trus, a M
Aed 70 lessen Its capacity for such injury by withdraw
ing from its vaults the public deposes. That such a
power exists is not more certain than that il NAV he
ered Tor such purposes and the only qualification of il
VIZ The reasons for its exercise shall reported TO Con.
gress necessarily implies the right and the duty TO adj
monsh gainst inquire into the acts that ,ngi, Ia,
10 such a consequence"
AGAIN" Before he can be tempted to exercise the all
thority with which Congress have him IN ,yL
oraw the puoNc deposites, he will do he has done
submit directly TO your board, whatever imputaon may
be made, and respectfully, resolutely and coniden,v
ask nay, demand the fullest examinations and he trusts
That he may not be misconceived when he adds thai
nothing could in his opinion more impera,iveIv xnc,
.s energetic movement then well founded conviction
o. ,e banks being asNvas said Of its predecessor
In this letter. too, Mr.. Secretary Ingham recoqnzes
The experimenting control and authority the Chief Ex
ecutive Magistrate He says, the Executive ia cons,
tu:ionaly bound that the laws he laitbfv
ried into effect; need not adG in their spirit or accord
ing 10 their ieer; upon general principles he cannot ST.
iehty permit them TO be made for the induI-
gence OF bad passions instrument OF any sort of
oppression, without iisking the reproach of want either
OF vigor or OF virtue. -
Yes sir 3said MIR P) an engine of "a polite party!
And before have DONE shall say something The 20.
'i'ieal character Of this purest Of all institutions
1t must be apparent, then, il he had made himself I'M
derstood that in removing the Secretary OF the
the President had exercised only ordinary and usual
power oil The government. He had removed Secretary
from
south Carolina Mr. Duane was fact still the Sere,a
ry oil The Treasury. Ii he had been
removed the removal could be Of effect, and Mr.
Duane was still the Secretary, and Mr. fancy was no.
thing. -"
But the President had exercised only one of his ora
nary and ciearest powers He had removed Secrei,rv
oil the Treasury, because he would not execute hi. off
cal functions as he was bound to do, and the
had right, and was under Obligation TO remove him
But what said the gentleman from South Carolina? That
the Secretary OF the Treasury removed the de pose, No
.hat this tyrant dIdit WHAT Roger b. fancy remove
the deposies No, il the President that
mems and X H. fancy had 10 do with it, no more
hahu m the removal than the pen wish which he signed
the order e
Fortunately for himself and for the country the cha
racter oil The Secretary such require 10 euloyv
there toestabish his moral standing and TO she thai he
was not man to lend himself to be a mere tool and an
Instrument to any power, he (Mr. P would assert and
ne made the assertion authority, that the opinion of
Mr fancy had been given in writing while he was At
torney General so long ago March, advising that tl,e
public depostes should then be removed When he came
INTO lie Treasury Department. he continued 10 be of the
same opinion, which he had before honestly given
when Mr. Duane, therefore, was dismissed and Mr. Ia.
ney was appointed 10 be his successor this was question
~ wnch MS m'nd had been previously made up. lie
could not then be justly designated lie had been de.
signated, the miserable instrument of tyranny and
crawling III his own slime at the footstool OF power
MR. McDuffe here dsavowcd the application of such
epithes TO the Secretary Of the TIeasury1 He was han
Ply 10 near that the gentleman from South Carolina did
not apply this language to the Secretary Some one had
used these ePithets. The Secretary had deliberately
considered the subject, and not TO be regarded a
mere instrument TO carry out the purposes Of the Execu
uve' bu as communicating asure which he had him.
sell weighed and advised.
" mad been said tina, the contract entered into by the
Government with the u. s. Bank was violated by tie re-
movai OF the depoes. The general tenor of ie argu
menu OH the other side that the contract had be,