Vandalia Whig and Illinois intelligencer. [volume] (Vandalia, Ill.) 1832-183?, 1834-01-15
WEDNESDAY, JANUARY Is, 1894

according to law, and authorizing me
hold my Office at your pleasure.
2. A copy of my oath of office, wherei
solemnly pledged myself to execut
the trust committed to me with fidelity
8. A copy of the 10Th section of the la,
chartering the bank of the U. State
whereby the discretion to continue tn
4 deposite Of the public money in thu
bank, was committed to the Secretar
of the Treasury alone.
4. An extract from your letter to me {
The 26th of juno, wherein you proms
not to interfere with the independer
exercise of the discretion committed t
me by the abovementioned] law owe
the subject.
.. An extract from your exposition Of tn.
18Th instant, wherein you state that vot
do not expect me, a. your request, or
der or dictation, to do any act which
may believe 10 be Illegal, or which my
conscience may condemn.
When you delivered to me, on the 1 9Th
i'st. the exposition of your views above
referred to, asked you, whether | was to
regard it as direction by you to me, to re-
move the deposites: you replied, that it
was your direction 10 me to remove the
deposltes, but upon your responsibility;
and you had the goodness to add, that if
would stand by you, it would be the hap
pest day Of your life.
Solemnly impressed with profound
sense ofmy obligations to my country and
myself; after painful reflection, and upon
my own impressions, unaided by any adj
wise such as had expected, specially
to you, sir, thai refuse to car
ny your directions into effect:
|. Not because desire to Illustrate your
wishes-for it would be my pleasure to
promote them if could do so consist
emily with superior obligations.
:. Not because desire 10 favor the bank
Q! the United States, to which have
ever been, am, and ever hall be op-
posed.
5. Not TO crafty any views, passions or
feelings OF my own; but
4. Because consider the proposed change
OF the depository, in the absence of all
necessity, a breach of the public faith.
5. Because the measure, if not in reality,
appears to be vindictive and arbitrary,
not conservative or just.
b. Because, if the bank has abused or per
verified its powers. the judiciary are able
and willing to punish; and in the last
resort, the representatives of the people
may do so.
Z. Because the last house Of representa-
lives of the United States pronounced
the public money in the bank Of the U.
States safe.
8. Because, if under new circumstances a
change Of depository ought to be made,
the representatives. of the people, cho-
sen since your appeal to them in your
message, will in few weeks assemble,
and be willing and able 10 dotheir duty.
.. Because change to local and irrespon
sibIe banks will tend to shake public
confidence, and promote doubt and mis-
chief in the operations Of society.
10. Because it is not sound policy in the
union to foster local banks, which, in
their multiplication and cupidity, de-
range, depreciate and Danish the only
currency known to the constitution, that
of gold and silver.
II. Because it is not prudent to confde
in the crude way proposed by your a
gent, in local banks, when on an average
of all the banks, dependant in great
degree upon each other, one dollar in
silver cannot be paid for six dollars Of
the paper in circulation.
70. Because it is dangerous to place in
the hands of Secretary Of the Trea
sury, dependant for office on executive
will, power to favor or punish local
hanks and consequently make them po
litic;l machines.
IS. Because the whole proceeding must
tend 10 diminish the confidence of the
world in our regard for national credit
and reputation. inasmuch as, whatever
may be the abuses of the directors OF
the bank of the Urited States, the evil
now to be endured must be borne by
innocent persons, many of whom, "a
broad, had a right to con6de in the law
that authorized them to be holders Of
stock.
IA. Because IbeIieye that the efforts made
in various quarters TO hasten the reno
val of the deposites, did not originate
with patriots or Statesmen, but il
schemes to promotc selfish and lactou
purposes.