Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-12-30
P1E.HE'HaAHI.
From the Globe.
1ESSRS. TYLER AND MANGJJM

MESSRS. TYLER AND MANGUM
The editor of the lntegcncer has announced author
tatvely, that 'the investigation into the affairs Of The Bank
caS mainly conducted by essrs. Tyler md Mdngn ,cih
the occasional attendance of the ether ncanbcrS of the
'nittee and the editor adds, 'rnE REroRr DRAWN
UP by Ma. TYLER"
The purpose of this proclamation is evident Mcssrs
Tyler and Mnnsum Southern mon and the object
OF the Report being vindication of the Bank, with
view OF removing the objections TO the institution en-
tertained IN the South and especially Virginia. the
whole case has been committed TO the management of
the two Southern Senators the regularly retained Bank
sonat attendance and aid guard against mistakes in
the plcadings of the juaiOr counsel.
The lntelhgcncer i'll giving synopsis Of the grand
results established by the committee, saysTuE FIRST
CHARGE INTO WHICH THE COMMITTEE inquired WAS
THAT or VIOLATIONS OF THE cHARTER'-and ii appears
that, after the committee had investigated the subject Of
the delegation OF the powers conferred TN the board of
directors TO the Exchange Committee consisting of two
or three members, single member sometimes perform
ing the business ntrusted by the charter to foil Board
after they had fully considered the unauthorized issue
OF the spurious currency of branch drasthc refusal
OF the Bank TO permit investigation it's concerns
by the committee of the House of Representatives in
conformity with the express provision of the charter
the of the Board of Directors putting The funds of
the Bank ut the disposal of It's President expcnd in
cectioncering, under the head of printingthc unal-
thorzed appropriation of twenty thirty thousand dol
lars OF the public money in publishing for the Yatuito,s
use OF members OF Congress- the speeches made by them
thus operating upon their vanity, ambition interest
20 their votes and the of their constituents
the exclusion of the Government Directors from their
full participation in tie of the concerns Of
the Bank, or even knowledge of its huShcGs BIZ rcl-
sing them the opportunity Of looking into it, bookstc
seizure and coniscaon OF the dividends * longing &,
the Government, to satisfy the Bank demand whchas-
suIncd the right uudate and adudgc DAMAGES i'm ito
behalf in defiance of the authority of the Treasury
Department entitled TO receive the dividends to meet
the appropriations made by Conrrcss founded unon es
Inmates including this identical source of rcvcnue-the
attempt of the Bank TO evade the payment OF the three
per cents by inducing the holders to keep up their ccr
Gates, and hold the Government bound, while the Bank
retained possession of the money of Government put al
its disposal 10 discharge This portion fte national debt
after the committee had devoted the and autumn
to the examination of all these and other topics whchhave
claimed the attention of Congress- it they could
find nothing Ike G rOtati0a If Ao charter. "No-not
even 20 dcTet'ction 9 a"y In any OF those high hand
ed aud monstrous abuses which have shocked the sense
of the country The lntcgencer concludes It's summa-
ny of the charges of violation of charter from which the
bank il acquitted by Messrs. Tyler and Mangum uny
The SUpyiaeRdcHco rather 'Occ0si0RaL attendance ad
aid' Of Messrs Webster and Ewing with Thai of lie
THREE upon which it will be remembered
that even the treacherous committee of the APosTArF
NKRPLAncK, felt compelled TO condemn the Bank But
1T seems Mcssr5. Tyler and Mangum kind to re-
verse this decision against it by the Banks devot-
cd friends In reference to this particular charge the
lntcigcncer says
'THE COMMITTEES WE'RE EQUALLY UNSUCCESSFUL IN
THIS BRANCH or THEIR INVESTIGATION, IN DETECT
ING ANY VIOLATIONS OF TIE CHARTER, OR DERELc-
TIoS or DUTY on THE PART BANK"
With regard 10 the shameless operation of the Bank
Congress and the corps EDITORIAL i'm converting de
cded opponents into friends, by means of loans made
without adequate security, and which have been mcr
ed under protests TO shield the officers from responsible
y, or wiped out from the books by preaded payments
OF the report:
"Thc charge Of lending money TO mcmJors Qf Con-
gTess and otherpubc men, for political purposes which
At shows to be unsusainedby any evidence, and wholly
futile"
Loans 10 editors, in which it gives mass of detail,
showing the groundlessncss Of much OF the slang Of tic
day that subject"
How changed is Mr.. Tyler since his speech and re-
port member Of the Bank investigating committee i'm
1919! He not then adjunct counsel with Mr.. Web
ster in the support Of Bqk the pariizan
of Mr. Clay, in the attempt to build up .9moyican
HTistocracy on consolidated m0Hoyod Gorcynntcnh
As a member Of the House Of Representatives and of
the Select Committee appointed TO examine the affairs
OF the Bank which had commenced its with
slight indications OF the arbitrary disposition to set aside
the limitations Of the charter and act upon its n1oneyed
Faculties, i'll the full confidence that the power Of The
Bank over the currency and commerce of he country
equivalent toa power over the law and the people Then
Mr. Tyler did not hesitate to dcnouncc ercessrc Laas
individuals and the unauthorized acts OF some of the
officers, assuming 10 act i'll the Of the whole az
violation Of the charcr-and directly 60 appeal to The
House for sciTc facas 70 annu the charlerwhc the
committee, Of which he member, at the same time
appealed 10 the power Of the Secretary remove the
depOsitcs, "0s prompt and ddeqUGfo rcmedg" Thcna
loan of little upwards OF three millions to ten mdvidu
ais, was acclaimed against as monsrous outrage of all
the principles upon which the Bank bascd-now a
loan Of more haB million 10 one individual, the relative
Of the President Of the Bank at less than the usual in
crcst 10 passed by Mr. Tyler unworthy Of CON
sideraon Netting like violation Of charters Consti
tuons now be found in all The abuses Of The Bank
but the Virginia Senator perceycs shocking violation
othe charter and tie Constitution in the removal Of tho
dePosites-'the prompt eHd adequate rcmedg' 70 which
TIC hlh Iclfrftu the Executive iCiJ 10
arrest the strides Of the Bank the infancy Of its usur
pahons. We give the following extract from llc report
of the committee Of 1919 and the commentary Of several
extracts from Mr.. Tylers speech The OCCASION liat
the public may DC able TO compare his former uncompfo
missing course against ue Bank with the indications Of
the present day, whom Virginia Senators on the look
out iOr "ALTEHNATIVES."
Esiraa 6o's Report Committee @ieo.
many evils eg ago fop;cfod
excepting that Oft siore mentioned bocu tie pfo,on
Of The chafter tho Secretary Of tho Treasury a power apply
sw9mp and adequate remedy Whenever he situation che Hank
sha require II. Aud w. after the stockholders have hocone ac
qan,ed viii ih ni.nnoagenent Of ihc y sal ao
no means prevent vs. continuance the decto tocs
pofss, 70 coae q conduct requiring eo'oeo1 Tie committee
cannot entertain doubt TIA be oluia power lodged Tho
suy Department VIII bo csored orcaso may require
reference 20 the host interests Of the Uniiod States"
On the 9th Of February 1919 after the committee had
made It's report Mr.. johnson Of Virginia submitted the
following resolution;
Rs,sd, That The Committee nc iedieiary
report bill 10 fepeol the act entitled, eau
Subscribers the Bah Of tho United so appioycd
1916"
In the course Of a long and warm debate upon This
proposition, Mr. Tyler took prominent part We rive
Eytrocls from Mr. IYcr's SpeCciion he occosi0a.
From the moment said Mr.. r., that the Speaker
thought proper to confer the honor Of an appoint
F..f H..