Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-02-25

Thus it will be seen, that in February, 1882. when she
nag $Iooo'oo0 OF specie, a circulation oil S24, 900, 900,
dhu discounts 10 the amount Of S67, 00O, 900. she was
able TO increase her discount in four months TO $40 0Oo ooo
How, then, could il be necessary, with moro ,,ar
Sao'ooo,ouo oil specie and only SIS. 00O, 600 Of circula.
non' 10 reduce her discounts 10 $50, 000, 600 by October
last, and to SD, 000,O 600 by the FIRST Of this month viii
any increase OF near $4,000, 900 Of specie, and a reduction
In her circulation of SO 900, 900, how conIJ il he nccessa.
ny 10 her safety TO curiail her discounts SIG 600 600, Tn.
directors certainly ought to know what is best for the in.
.erest ana safety oil the institutions; but, surely, they ought
W give us better reasons, or no reasons al all. Tor their
proceedings. "'"
Having endeavored 10 show what reasons NAV iusdfv
'ne secretary OF the Treasury in the removal of he deno.
ei'es, "nd examined the excuses OF the Bank, | will now
call the attention of the House TO the reasons which have
os sn gwen y me Secretary, and the testimony in support
VI mem, ana, l do not entertain a doubt. thew can he
SHOWN 10 be sustained by the proof. And here. sir. | win
,ahe occasion to notice u suggestion which fell from INV
friend from South Carolina, "bat the Secre,,ry 5a m ~ ny
more &c 90 with The reasons Than the iron pen thai wrote
VneHi' lie has, IN The warmth Of his feelings, and heat
o,'ne argument, done injustice 10 the Secretary. | was as
Ran rIn su 9"a a gentleman SO well read 10 the history oithc
D'nh ana oil The country should have permitted himself
10 make SO strong a remark. | am neither the advocate
nor apologIst OF the President or Secretary. | am bound
ny no party iies, neither TO support or TO oppose The adj.
miDistrdiion. My only pledge to my constituents is the
pledge OF my principies-those principles which would
eonnne every department 10 the exercise OF The powers
eonnued 10 them by the Constitution, and which would
sustain every department in the exercise of them. and
mem oniy; and oppose them in The usurpation of others
WIN uniiriog Industry and honest zeal. Island prepared.
therefore, 10 render justice both TO the President and Sc,
cretary; TO vindicate them when rights; and when wrong
L shali not lear or hesitate 10 censure them. The qen,ls.
man from tennessee has told you, ''from authority, ina,
wnen the Secretary Of the Treasury was Attorney Gene.
raj, and long before no entered the office he now holds
ne gave a written opinion, entirely agreeing with the one
ne now entertains. | cannot speak from so bisb suthoti.
W ,Outi am prepared to say that he did, and predicate nv
assertion on The testimony OF one whom none will anes.
lou on this SUBJECT refer to the exposition Of Mr.
duane, whs tells us, that in June, the President. while
on oiseasterut tour, where she was receiving according
toihe gentleman from Pennsylvania, "more Than the Lo'
hors OF a Roman triumph from the happy people of tho
middle and northern states, without distinction Of party.
age or sex, Transmitted from Boston the ''pieios and oDi.
MONS" offour Of his Cabinet.
tMr. McDuf1ie asked permission TO say a word in cx.
PLANTATION. The Secretary had been 80 TepeaiedIv vipdi.
Gated, 10 The course OF this debate, from imputa,ions
which gentlemen supposed made sgainst him. maj I feel
ITO be due TO the Secretary, as well as myself. 10 stste
distinctly What l did say, and what ceDsufed in his con-
d"et' j never doubted that the Secretary was all along
I'D tsVoT Of removing the deposiles, and that he acted NJ.
on the convictions OF his own judgmcn; and II the gen.
uensn WIN Tecur TO my speech, he will perceive that my
objection was, chat the putting out Of one Secreiai " be.
cause lie would not violate his conscience, and the homes,
dictates OF his judgment, by doing a ceitsiD sci, and lie
putting Bof another for the purpose Of doing il, wss. In
effect, the as umption by the President Of the power 10
do the act himself. My complain, against the Secretarv
was, that he allowed himself 10 be used for such a MIR.
pose."J
I am glsl I have afforded the gentleman an opportnnttv
OF making the explanation. 1t is alike honorable 10 him.
self, and just to The Secretary, and places his conduct. in
reistioD to This trsnsaciicn, IN a proper and correct point
OF view. Lest, however, that part OF MIR. Duspe's sr.
pose may have escaped the observation Of others, in lbs.
tee 10 The Secretary | will take leave TO read IL. "On the
third ofJune, (e says) the Presiden himself made known
to me what yves in contemplation, and that he had taken
the opinions Of the members Of the Cabinet on the poInf
two Of whom eoneunsd with him-two Of whom did no