South Branch intelligencer. [volume] (Romney, Va. [W. Va.]) 1830-1896, 1834-12-27

hazarded such declaration. He would
have perceived tina. that whole ques.
ton was submitted to the decision Of
the Senate. The committee had pre-.
scented both sides of the questionable
view most favorable, and that most un.
favorable TO the institution. Ii exhibi.
ted the measures of the Executive, and
those of the Bank consequent upon
them on the one side, and the available
resources of the Bank ON the other.
The fact that It's circulation Of nineteen
millions of dollars was protected by
specie to the amount Of $10,00o,OOO,
and claims o n the State Banks exceed.
ing 81, 600, OOG, which we're equal to
specIe-that its purchase Of domestic
exchange had so declined from May to
October, as to place at its disposal more
than SIS, 10000 something more than
a doubt is expressed whether, under or.
dinsry circumstances, the Bank would
have been justified iu eurtaling its dis
counts. So, too, in regard TO perse-
verance in its measures of precaution
as long as it did, summary of facts is
given to enable the Senate to decide
upon the propriety Of the course pur-
sued by the Bank. The effort Of the
committee has been to present these
subjects fairly to the Senate and the
country. They have sought "nothiug
TO extenuate, nor have they set down
aught IN malice" The statements are
presented to the Senator for his calm
and deliberate consideration-to each
Senator to be weighed as becomes his
high station. And what is the course
of the Honorable Senatora The mo.
ment he (Mr. IT, could return to his
seat from the Clerks table, the gentle.
man bounces upon the report, and
makes assertions which careful peru
sal Of it would cause him to know it
does not contain. On one subject, the
controversy relative to the bill of ex.
change, and the damages consequent
on its protest, the committee had ex-
pressed the opinion that the Govern
ment was in error, and he, as a mem.
Der of that committee, would declare
his own conviction, that that opinion
was sound and maintainable, before
any fair and impartial tribunal in the
world. Certain person started back
with alarm at the mere mention of a
court of justice. The trial by jury had
become hateful in their eyes. The
great principles Of magma charta are
to be overlooked, and The declarations
contained in the bill Of rights, are be-
come too old-fashioned to be valuable.
Popular prejudices are 10 be addressed,
and, instead Of an appeal to the calm
and deliberate judgment Of mankind,
every lurking prejudice is TO be awak.
ened, because corporation or set Of
individuals have believed themselves
wronged by the accounting officers of
the Treasury, and have had the temer-
ity and impudence to take course cal
culated to bring their rights before the
forum of the courts. Let those who
see cause to pursue this course, rejoice
as they may please, and exult in the
success which attends it.-For one, |
renounce it as unworthy American
Statesmen. The committee had ad.
dressed a sober and temperate bot firm
argument upon this subject TO the Sen.
ate and standing in the presence of
that august body, and before the whole
American People, he rested upon that
argument for the truth of the opinion
advanced. An opinion, for the homes.
ty Of which, on his own part, he would
avouch, after the most solemn manner,
under The unulterabe obligations he
was under to his Creator.
The Senator had also spoken in
strong language as to that part Of the
report which related to the Committee
of Exchange. He had said that a
false issue had been presented; that
the late Secretary ofthe Treasury (Mr.
fancy had never contended that the
Bank had no right to appoint Com
mittee Of Exchange: that such com.
mittee was appointed by all Banks. 10
this last declaration the gentleman is
correct. All Banks have committee
to purchase Exchange. But, Mr.. t.
would admonish the gentleman to be-
ware. He would find himself con-
demning him whom he wished to de-
fend. MIR. Taney's very language is
quoted in the report. He places the
violation of the charter distinctly on
the ground that the business OF the
Bank is entrusted to three members on
the Exchange Committee, when the
charter requires that not less than sew
on cL.ll cano,.,.,ta 4, k1ord RI do hnci.