Litchfield enquirer., 1834-02-20

cause of the suecess of his election; another may ieem il formidable objection, overcome however, by more powerful reasOns; and others again. may be of opinion that IpTOdnced Ie no effect the one side the other. But if differences less uncertain, could be drawn from such occurrences, the committee still think, that for public officer to presume what law the Legislature will will not pass respecting matters Of nance, from the election of particular person 10 be Chief Magistrate, implies consequence
 from such election which the constitutional iDdepend- ence and dignity Of the Legislature do not allow to be admitted.
 But if for thss other reasons the Secretary had persuaded himself that the charter Of the bank would not be renewed, still, it certainly did follow that the dsaosites ought to 6e removed before Congress had decided tue hands into which they should he
 transferred, and had made suitable regulation respect
 ing their future custody. If there good ground for thinking shat Congress would not reclsarSeP the bank, for that very reason there equally good ground for sUppOsing that it would make proper aud suitable provision for the keeping oIhe public monies elsewhere. How could the Secretary douLt thaa Con- gress would omit to do that which he ayers he of its appropriate duties? The question is not what measures Congress might be expected to adOpi-whe- ther the reehartsriHg of the bank, what other snres; but whether t ought not tO have been preeu med that it would adopt some measure, and that reasonable and proper oney according to its power aud it's duesi and whether, therefore, this anticipation O the action of Congress, on the eve Of its session. is to be justified:
 public money shall be made in the bank and its ottl- ces and that the bank shall continue i March, 1886. 1 Where does the Secretary iMd hs power to decide that the deposites shall he made but for seventeen years from date of the charter, instead of twenty 1 If he may thus withdraw the depoaites three before the expiration of the charter, what should restrain him from exercising the same authority live years before it's exPiratioH, or ten SeFsT paIn a0d cogeOt necessity the exsteR OI which admits 1 of reasonable doubt, and which Is too urgent for delay m Congress provide for il, can alone justify an interference wnh the public moneys ledged q" the bank by law for the double purpose Of safe keeping, ] and inl6lment of solemn contract. (.
 Bur eupposimg reasonable for tiIe Secretary to have expected the interpretation Nf Congress and as hitting that he mght consider the withdrawing of the deposites which to be done at some time by hiMselG how it, nevertheless, be argued that so early and SO sudden withdrawal was necessary {? in any state of facts made known to them.
 Ihe withdrawal Of the money left on deposie from bank whose charter ia about to expire, is naturally one of the things longest postponed is as safe the last day of the existence of c hank, tn cUmmoH ca- ses, as at any previous peri0d. The bank expccis the reca of it's deposes lhe period ois cxpra- tion, and prepares itself accordingly The "Pera'ion # made gradually, produces, when thus conducted, the least possible disturbances in the business of the community. Former experience would seem to have held out sauary light for the guidance Ofthe Secrc- tary in this part of hs official duty.
 At the time of the expiration o the charter Of the former bank Mr. Ga|aliD was Secretary Oi the Treas 1 ury, and the public deposes were in the bank The charter oI the bank t0 end on the 4lh ot March, l8ll and t does moi appear that Mr. Gaatin thought it necessary to make any provision whatever for rec moving any part of the deposes, except by drawing them for the common of government until late
 in the very month preceding the expiration oi char ter. large amount of those depostes remained, in deed, in the va1Iis of the baS after it's charter had expired, and un.il they were wanted, in the general operations of the Treasury. And why should ir be otherwise Why should that be done suddenly now, which the Secretary thinks could no. be done sudden
 hereafter, without great inconvenience ls u not the just inference from his argument, that the thing should have been done suddenly at all As to the dea that the credit of the paper Of the bank will be deprecated the time ot the expiration ol its charter, that it would be incoDvenien for M al that time, 10 be called on for the deposies, the com miitee utterly loss to the slightest ioHnda- lion for such opiniat. Experience is against I; and all reason, the Committee think is against ii also. There is nothing tO render it in any degree doubtful, that he bills of the bank will be in as good credit the last day of s ghnrter. and eveR alter ha, lime, ifany shall Ie oaietGndiRg, they and lhero is as little to renaer it doubiih, that then, as how, the bank would ,,e competent all de- mands upon it. In the opinion of the COmmi,tee the withdrawal of the fund was both unnecessarily early, and unnecessarily sudden. It might have been made gradual; it might have been deferred; and i might have been, and ought to have been, as the F0mmitee ihink not venufed upon at all until the attention ol Congress'itself had been called ilse aul ect. The Committee therefore entirely dissent from this first which proves to them the existence of the slightest cason for taking this important step, at the momen t was taken So far as it depends o" this reason, the Committee think the removal made without ne. cessy; without caution or preparation; with a sud- denness naturally producing mischievOus consequent ces, and N unjuslifabe anticipation oi the legislation of Congress.
 ERemainder neat Wsek.)