Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-08-15
AsOI.kTHCAE.
>, REVIEW OF THE BANK WAR,
from September, 1880. 10 December, inciusi,

paE" % io'I III earnest On the i7tb OF this month
resolution enisrgins the powers of the Exchange Com
M tee, was adopted in the { flowing words:
Hesotrsd, That the resolution adopied by tho Board
on the oh authorizing the committee 10 LOAF on the pe
Of public stock be so modified as to remit such Loan 10
be made on the same other opprooed securities AT
rate oil interest not less than four half per cent per
annum" - 800 ~
by vi,uc Of the words "oibey approved securities in
ms resolution most OF the political loans have since be en-
MADE. The Comin tee Exchange consists OF three
OF tnrce inembess appointed by President Bde himself
VINO Il also member OF the COMMITTEES er o6icio By
this resolution he substantially took into his own hands the
power TO make loans, without consulting the Board of hi,
Ie'9,s ON SUCH security as he might think proper-an
ereeuent plan 10 carry system If bss5eyg under CO.
ger IF loans tciM nominal security
On The 2Oth OF This month The editor of ,l. Tl.nr,,h
charged the editors OF The Inclis with being
IN ccnsequsnce oil their Indebtedness 10 the Bank of
he United States. Said he
ais The 1ntellgencer free press, Could !, live o,s
,nse week ~ u were not fed by the Bank OF the United
o!ates! Well may such hirelings express their asto.
Messrs. Gales and Seaon replied and showed tina, Tho
Bank had sold ieir property the amount OF $50 2i3 IS
10 pay Their bank debt not denying that they were i'll in.
Green rrjOiued making among Others the following n.
marks, viz: ~
l. not The Bank the privileged creditor DO not the
EIofs hold their hitting Office the materials ON
"ch ter paper Is printed, ia the right of the Bank
The Editors Of the Inellgenrer are the omen
he Bank, always its ready organ defending it's abuses
and magnying its services" The Bank and The In,ei
gencer are pnhiic institutions They are Intimately and
appears largely connected. They have a common in.
TIE lnteiHgcncer 10 The disclosure il has made was 70
bring the idct OF the heavy indebtedness TO TIA, ins
oh before me public that the People OF the county may
see the object which the Bsnk has in snslainng thai
ains ,tIe pank'' ~ iSS7 '"'
O;to5er. The Loans &c. were 81" 527 523
About this time. Branch was established =, JI,ca
IN New york. aud number Of the leading political men
me hepuhcsn party in that section the State mar.
'cdy Such as DeTe expected 10 be candidates for Can
gTeSs, invited TO become rs directors The line AMI h
circumstances demonstrated that this measure was design
eu sosy 10 extend the power OF the Bank over The poi
ucs OF ne country; but is success very limited
oIanch nad heen established at BuhaIo in the same
State, in the latter part of 1929 s
About This time. also, branch established at Bur
"s"'i ~ 'ernoh' WIN no apparent object but TO ac-
quire power in that State w
About this lime, disclosed in Ohio that the Pre-
siuent and Of the Bank Of the Uniled States had
giUe $1,000 of the corporate funds of thai INSTITUTION 70
the Cincinnati, Columbus, and Wooster Turnpike (on,a
ny, TO aid in masking their roadl F'
The Telegraph headed a notice of This aG,;r On TIN Cal,
0e'ooer' mus; lniererence OF The Bank of the Uni.ed
States In The Ohio elections" In short commentary he
Editor remarked: ~
when take into consideration TN. fine nlsca and
III nner in which this donation was made and nubisbed
~ s"v"s se''ed purpose OF operating The elections
"ch shond excite the alarm, and the energies of
y man VINO desires operPetuate Our free Institutions
ngs and mobiles may lsrges.es their money 10
proPA'e The favor OF the people from hose hard earnings
IL Is uSswu but every American interested and his In
efes depend upon successful resistance Of The efforts of
his mammoth broker 10 purchase renewal Of lis cbsyar
What shall the American people sell ,bir M
cheap" ~ ''e'' 81
The donation made in the preceding August. AMI
ne Tact was made public in Seplembe aud the Ohio cleo
tioEs came on ia October.
From The beginning OF this month"; the Bank eomme,o
Gu WA s'"pendous increase OF lis business which was de-
su 70 e"ls IN isser'ice an army Of Debtors bring
Whlh us power, through liz ability make sudden cur,
"ilmenis, the whole credit system the county, 1hs
enidrg' ment Of this month was SSS7S,637
.Nooem6fr The loans, &c. were 81 406 100
On The 10Th OF this month, the Boston Paroi contained
the following article, viz
=" United STATES Bank.-A Washington letter. writer
ser hat Cam Al
Congress should during his Presidency pass an ar TO re-
new the charter OF the Bank, he could ass,tredv mn,
ms uefo on the bW. 1t is clear, therefore thai ,hs
Bank can have nothing hope for in the event of the re-
election OF Gen. Jackson"
The December number of "The American Ouar,srrv
Review" made lis appearance before the end If az
month, containing article, So heavy psees in length
under the lille OF Bank and Currency purnorIing
10 be review OF the reports OF Mcssrs. Smith and
ntcDGme upon the currency ard the Bank, and oil re-
Poit oil the Secretary oil the Treasury upon the relative
value Of gold and silver, Sc The whole drift of hs ar
cue was 20 impress on the country the importance of The
bdE oi ihe United States. On the 30h Of this month
President Bidile submitted this article the Board Of Dr.
reclors, suggesting he erpedieHey of making The uies
me author more extensively knOpn to the ptsbiic
man they can be by ef the sijseripfion Tsf,'
and Induced hen 10 pass The following resolution viz:
HeSoired That the President be au horizcd to t,ke
sueh measures in regard TO the circulation Of the contens
OF said article, either ia whole part as he may deem
most Tor iie IN cresis Of tie Bank"
That article was written hy Albeit Gslatin and Mr.
btdir offered him as we have been informed and believe
II.
The business OF The bank was EXTENDED this ,oo,,b
$906i IL, making IN months extension Of s7l 7s1
Deeem1er. Ihe losns &c Sl2 4O2 ,soi
the Presidents Message, the meeting Of Congress
Contained The following passsge relating the bank viz
HE Importance Of the principles Involved in tie in
qny, whether viii be proper charter the Bank Of
the Uned States Requires thai should again call the
attention OF Congres 10 the subject Nohing has occur
red 10 lessen, 10 any degree tic dangers which many Of
citizens apPrehend rom lhe, institution as At orsson,
organized. In the split OF improvement and comprcise
winch distinguishes our country aud its institutions il be.
comes us 10 inquire, whether II would be possible IN
secure The advantages afforded by the present B,nk
through tie agency OF Bsnk Of the Uuited states So
modified A Us principles and as TO obyiao con.
stiiui Dual and other objections"
These remarks in rcl,tion TO the present Rank were c
lowed by suggestions as to creating Offices Of dego
site and exchange connected with the Treasury Deaart
meni, 10 perform The public services now rendered bv tb
Bsnk OF ihc United states.
Upon these parts Of the message the Oppositon naper
fell With much fury.
Us tie Telegraph Of the 81 Of his H. was published
tlc bret number Of review OF Mr. McDnfc's Repoff Of
the former session, by dHgHsun r. Clayton, OF Georgia
nov member Of ue House OF Representatives, Of which
tie following extracts, viz:
Never egan, perhaps will ihe Siaes have IL in their
power 10 PAT down doctrines, the exercise Of which, has
spread "iier and sunk deeper Into heir yitsls baD
any which have agtated heir councils since the fun
dd'ion Oh lhc Government every ffsnd 20 The ConsGtu-
uon' anu every lover Of State prosperity, pofiung by
Ihe slayish bondage 70 which ey hove been subjected
ny Vie worst Of desp05mss nOneyed domination, should
exceedingly rejoice 10 the prospect Of long looked.
Tor delgcfauce from such reinorseess tyrant And
u now by an 1t1l and seeing policy, on the part
Of the Bank aided ~ fs crafty and nenscin forb 9ngs
OF lie cnds they should be driven lfon lie frm purp e
OF sli redress away with all future complaints add let
the states be prepared 10 receive and endure e deep de
grads ion ihey so richly merit But II fred With lust
OF hef wrongs and fixed IN the fmer resoluo1 ia
be Tree, they teel disposed ec IN htr siren eth no's
the day and n0w's the hour," sirike fr arflg
portion Of Ihe Press, not bound in gollen elisr, end