Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-01-16


cents aud MIR. Riddle, Of the same place. who received
$2,5S3 and so cents But Mr. B. would pursue these
items: though large in themselves. they small COM
pared to the immense avshed by the Bank and the
particulars OF which cannot be sscertancd He had
general aud comprehensive view take Of this point;
was statement oil the gross profits received by the Bank,
and the nett amount actually divided by the stockholders
He had the half yearly of dividends which
would show these from July 1929 to July, 1891
alter which slight operation in arii bmec would show
the amount that remained undivided and Of course went
to the expenses Of the institution and such other OBJ
statement:
July. 1929, SI6s2,575 SI.225UUO
January, 30, ,6g3 975 10.
july, 80, l74sls0 do.
January Lamar 49, , 'a,,sss do
Mr.. b. remarked upon this sta .men,, that while u e
PROFITS rapid, increased and advanced 30o 900
in the half year. $500 900 in the whole yeor The vi-
dend remained exactly the before and alter the in
crease The dividend was still l,225. 900 Tor the hail
year when the half yearly gross profits had risen from
the rate OF only per cent when The profits were
about ii per cent The sum undivided in the whole
year 1929 was about SscooO the undivided in VI,
year 1921 was about $l,40O, 900. Here d
ference OF S5O0,00O. which it would ought TO have
been divided among tho stockholders, but was no,
and the United States the largest Of those stockholders
certainly had right to know why II was not, and TO
what objects II was applied To plain understanding
would seem that the lawful expenses OF the institution
the legitimate objects OF expenditure, could not have in
creased TO the amount OF S60D.o00 per annum ia the
short space OF two years and that while the char
drawing TO close, that they could not absorb 4000 900
Mr. Is said that this ncompre hensibe fact needed expa
nation, and the since the Board Of Directors had
refused to abide the decision OF their books and
utterly denied, late the 18Th Of December last TO
appoint committee. oil which the Cove rnmont Directors
should be members. to examine the eapene OF
the bank This reiusl regularly made at the boaid
In the Perempory refusal Of the majority 10 consider
resolution for that purpose; that the Government D
recors, up to the middle OF recenber last and in ali pro-
liability, up TO the present moment ignorant OF the
items Which compose tho expenses oil the Bank! La The
face OF such fact would the Ssae GO TO acquit the
Bank without examination and TO ccnvci the President and
secretary oil the Treasury with having falsely accused OF
applying the moneys OF the ns'i u;ion political and
elec,ioneering objects? His view was quite differ
He for allowing the President and Directors OF
the Bank an opportunity Of defe ndng this
floor, II they willing avail the mselves o. the
chance; and IL they were no, w z, he held to be the
highest possible reason f,r qurng them appear and
He should therefore at the proper time cub.
nit further amendmnt to the second resolution
brought in by the Sena'or from Kentucky {Nr Claw
reqnisi,ion upon Nicholas Bddie, President OF the Bank
oil the u States, and such other prrons Senate
should direct TO appear at the bar OF the Senate at
brief and convenient day. to answer the Senate upon GA
touching the application OF the moneys OF tie Bank po-
litica and eieetioneering objects.
Mr. b. conceived that nothing short OF this public and
solemn examination at the bar Of the Senate in the
face oil the public, could satisfy the people,
satisfy them, OF the innocence Of the Bank The
ton was a tremendous one nothing less than that OF
great noneyed power, poisoning liberty in all her foun.
tainsihe press, The elections the legislative bodies II
was crime beyond treason and bribery, any thing
enumerated in the Constitution fit offences for i'm
parchment. 1t offence which the trainers oil the
Constitution did not oresee, for they did foresee the
existence of Bank. 1t was not pea chabe in due FORM
for The Directors of the Bank c officers the
U. States. But the offence triabe; and the Senate
having taken cognzsnce OF it, anil having entertained
resolution declaring that The assigned by the Sc
cretay OF The Treasury Tor removing the deposes
unsatisfactory and insufficient, il behoves them
anime into the truth oil the beor they
judgment
Mr.. b claimed the indulgence Of the Senate while lie
should avail himself Of pause in the argument 10 clear
up matter with respect to the Secretary of the Treasu
hp had i'm hen he nf ti
teman days ago; il relative TO his vague and
definite offence against Missouri at the period OF aicmpt-
ing TO impose the restriction upon her He rould not
comprehend at that time, what the imputed offence was;
and, by consequence, could make il. His
situation was different prcscn he knew the offence aud
the and with the leave of the Senate would state
the and he would state from the book Tor he held
10 his hand the Journal OF the Legislature OF Maryland
the time alluded and had the whole ase under his
II this resolution was brought in TO instruct the
Senators and request the Representatives. TO vote for
the admission OF Missouri without The restriction Some
members OF the Senate thought this instruction unne.
cessary, and sonew bt nngracious towards
that going for the unrestricted admission Of
The State any way, aud one OF whom, the celebrated
Mr. Pnckney, was known To he disposed TO the
greatest powers Of his eoqnsnee ia her behalf They,
therefore, opposed the instruction, bnt 10 avoid miscoD.
rucOn nOved amendment, declaring, in The lullesi
MI most unequi,o csl terms, the ividua sentiments
{ the members Of the Senate TO be IN favor Of Tie
ee and unrestricted admission Of the State MIR. Ben.
~ here read the amendment, and continued: This
mehdment was not accepted; il put TO tie voit'
nd rejected without yeas and nays but he suhofs
u 10 say, That expressed The senitnens OF the present
ccresry Of the Treasufy then member o the State
enae Of Msryland and vsnishes the charge against
i'm Of having sinncd agains, Missouri the time OF her
fants rugges for free aud equal admission n'o the u
ion.
MIR Benton here yielded the floor 10 Mr.. wilkins, on
hose motion tile Senate adjourned
Tuesday. Jan. T.
Mr. Benton con inutd--
lie took up third FOR the removal 81 the depo.
tts; II was the exclusion OF the Government Directors
ON participation in tie business 81 the Bank. Tie
5asn was pr6i seny assigned by the Secretary OF the
asury, aud from intrinsic Importance, ard the sire
vi upon " IN tie assignment OF reasons, would dol tless
,fnmsnd the most serious attention OF The Senate Ia
iproacbng ifs examination, he Mr. b felt his task
gbtened, aud almost reduced TO The mere occupation on
,sdng the evidence which bore upon the case; Tor
fact not Of nature 10 be established or even usua.
by argument, but solely depending upon evidence
We would therefore, proceed IN the dry IawyeF-Ike
nsness OF Ia Ing that evidence before Them.
For that purpose be would read various extract. IRON
e report made 10 the two Houses Of Congress by the
oyefnment Directors. printed by the order Of the Sc
ate, and now part or our official documents.
THE EITRACTs.
We shall endeavor 10 present the view we have taken