Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-04-11

from the Bank which had been eposited there He on
y omitted TO transfer monies which had been previ
ousy deposited In OF the State Bsnksconsisng o
balances which the Bank Of the United States
unwilling to receive, he TO make the transfer
Now, lot us see what Mr. Crawford said ia 1928 TO the
senate oil the United States when they called upon him
TO "iniorm the Senate any loans Of money any
nave been made to any banking institutions since 1882
replied, by saying, among other things, that loans in
erect had been made by reference the papers Gays
he) numbered from to eleven inclusive. is sppa
rent that loans in Tact, not In terms, offered by
the Treasury Department 10 the Bank OF the United
States and to the State Banks, 10 which they d.
= rccted."
He sppends the letters 10 hi, report Of Hamilton Gaa.
tin aud others, showing that all those Secretaries had
time to time changed the public deposes, to sustain the
credit Of the State Banks, and through them, sometimes
commercial credit
In speeding Of his own acts in transferring the public
deposiles the Banks Of the District OF Columbia Tor the
purpose OF sustaining their credit Sl9 he makes the
following remarks:
upon discount and opposite ia IL.
BY contracting their Pressed by eoaaS. and
from the western part: Of vsni. whsre cor
a
ss nc %:SS credit
.hem applied ps,.onsly BY hei, dec,Os tho
Gedo"s & m Ssy 10 ,S s ~.
a us1s % e n % S.s bank: would
mini DpoG ns% "'' ss'o that reason
%. s. e. G from time
.ss Sas1 and ID cs ss
Ssa i'riA ss ;S%
sia.as and legal have adopted
The for ss . sss ss
cs:. % ", s I'm loss United
.S 10 is OF TO b.. e,s so u.
So's@bi. abou, journey through interior
Of the special dopo.es which had
20 20 should
be be and ID. s" s IL: s,ss that
a. no sh.s. to b made for The risk
the country request. Iessonsso and the
made This Bank has ceased its
do the depo.,e. the United States Bank operate
as loans TO that Bdn Do they not make use Of them in
the same way they would money loaned When the cub.
lie money Is transferred State Bank and placed there
to the credit OF the Treasurer OF the United States does MOI
the State Bank receive the deposites precisely upon
same terms that The U. s. Bank receives them, viz: that
Il 10 TO be subject to the Treasurers draft at any momen
he may choose check for the money! And not the
Bank OF the United States the Girard Bank, the Man.
haitian Bank &C., &C., Of which have heard such long
speeches in Congress, at all times liable the Teasu
rers draft il in the Bank of the u States. If il
was loan to these STATE Banks would il not have been
equally loan the U. s. Bank provided il had remained
there! They both receive the public money for safe
keeping, and they both hold IL, liable all times to be
drawn for by the Government, whenever il is wanted.
They both place to the credit of Treasurer OF the
u 3 and both disburse il whenever required Large
sums were transferred from the Bank of the u s. during
the pressure in 1872 TO all the Banks in the District Of
Columbia, for the avowed purpose Of saving their credit
The whole subject was reported Congress- they ap
proved the conduct Of the Secretary who had made the
transfers II they dsapproved it, where is the law disap
proving H.?
The Banks in the District of Columbia had no public
depostes in them at the time Mr.. Crawford made these
transfers How could they get public deposites unless
they were transferred TO them!
FOR THE ENQUIRER
Uneonsnnai uneonsiutiona most une
The very best traits in mans character, may often be
made use OF to lead him into The same advantage
may De taken oil the good traits in the character of whole
coinmsny. Never was there time when this remark
was more srikingy exemplifed than the present. nor
people to whom would better apply than the people Of
Virginia They have almost supersiiious of the
encroacments OF the General upon the rights
Of the States is easy make them believe that there
Is danger from that quarter; and when they believe
or even suspect IT, II is easy TO set them protesting
against the real supposed aggression, and
the real or supposed aggressor He that protests most
most trustworthy Prone the General Mt has
too often been 10 transcend its proper limits Virginia
prone to oppose it, We ashamed be found usying
the exercise OF doubtful power contcndng against
those who profess principles Hoist Stale Rights
banner, and flock to it, Raise the cry of federal ap-
gressons, and Immediately declare against the ag
gresso To what wicked purposes many of the poll.
cians OF this day. attempting to this trait in the
political character Of the good Old Dominion! They have
raised the cry OF Usurpation against the President
They point to him asa lawess tyrant, who has aimed
mortal blow at liberties and call upon to rush TO
the rescue OF " a bleeding Constitution
People OF Virginia. These false cries are designed 10 d.
vert your attention from the real sources of danger Your
liberties indeed in danger Your Constitution il in
deed becoming dead letter. Public faith is indeed
well nigh destroyed when the obligation of solemn oath
to support the Constitution, becomes matter of mere Sc.
condary importance Today il Is made to yield 10 some
new tangled theory, about the 81 nature of the
some sovereign Stae-savng panacea to- morrow it may
as easily be thrown OIL, to favor splendid national
scheme or to justify some unconstitutional remedy for
imaginary evils.
Can any fail 10 see, that il the course of our last
Legislature be sanctioned at the polls In April our Sc.
majors VIII be ready to vote for the renewal OF the Bank
charter, II they cannot otherwise drive General
from his position! Are people ready be thus hand
ed over to political enemies Are we 10 surrender
principles, violate the Constitution and knucke to the
Bank, because Senator Leigh persists in asserting
We are TO have more unconstitutional Bank in case this
Is put down! With him and Senator Tyler every thing
which General Jackson does, proposes is unconstu
uona-and that which he supports strongly, most
unconstitutional The veto message exec ptionab
because IL minated that Bank could be established
without violating The Constitution Now that he tells Ms
that he will never sanction any National Bank every ex
Pedent which he proposes tor getting along without one
Is more unconstitutional than the Bank charter And most
ing Of the State Banks the fiscal agents of the Go
vernmeni This plan has been in since we have
mad State Bankseven during the existence Of this Bank
But II is now most uDconsutiona because
son most decidedly prefers IL TO fiscal agent which too
strong for the Government ITSELF according 10 Senate
Legh's own hewiDg He Is alarmed at the prospect OF
having the State Banks in any way connected even in
lair business TRANSACTIONS, with the General Govern
ment but has the slightest fear Of the control of the
National Bank, although President Bidle tells him upon
OATH that there Is scarcely State Bank, which he aud
his Directors could not crush at their pl~ ssure.
People OF Virginia. your ne,o Senator is Bank man
the worst sort OF Bank for shough he believes
The law chsrteriDg Is he tells you that
the Union will be dissolved, If IL be re- and
Is decidedly opposed TO every substitute which be de-