Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-12-25
DIR. YYLER in Isio-0,,d IS3a,

-qpropos The GtoLc has ished up Mr. Tyler's Report
and Speech of 1870 while he n member of the Ii OF
r., and of the Bank COMMUNICATION it seems he
went all lengths against the Monster Then, the
Globe
Ar Tyler did not hesitate to enounce trcessrc loans
10 Individuals and the Unauthorized acts of some Of the
officers, assuming TO act in the of the WHOLE
violation of the charcr-nsld directly appeal the
House for sere faeios TO annul the chaer-whilc the
committee, of which he member, ut the time
appealed TO the power of the Secretary to the
depositcs, ''as prompt and adequate remedy Then Il
loan OF little upwards Of three millions to ndividu-
ais was acclaimed against monsous outrage of all
the principles upon which the Bank based-now a
loan of than million individual the relative
of the President of the Bank, ut less than the usual in
tcresi passed over by Mr. Tyler as unworthy of con.
sideraton. Nothing like violation of charters or Consti.
tutons now be found in all the abuses of the Bank
but the Virginia Senator perceivcs shocking violation
OF the charter and the Constitution in the removal of tho
he and his committee referred the Executive i'm 1919 10
arrest the strides of tic Bank in the infancy of its
pations"
" Who is there (exclanls the Globe after rc-publish-
ing part of his speech le9 and which shall give
lin ncxt) who listened to the reading of the Re-
port the other day. in the Senate made by Mr. Tyier
and now reads these extracts from his speech of 1919
but be struck with amazemcnt? Amazed at the re-
petition of hostility to the Bank, charged upon the
President of the United States, from such quarter -
Where can document be found containing grcater sos.
thty to the Bank, than is contained in these extracts
from MIR. Tylers speech Amazed, also with the
change OF tone then assumed, and that which
sumed by MIR. Tyler, in mis- Report What has led to
this change with Mr. Tylcr Is 'the corruption which
by its illicit gains, almost laughs your power since
become diminished Is .the responsibility due from
the creature to the creator readily acknowledged
now by the Bank, than them Does Mr. Tyler find evi.
dence of 1t in the treatment which Committee of the
Representatives. of the American People received last
Spring from the Bank Does Mr. TYLER now think tbnt
because we did not punish improperly its birth we
must not approach 1t when it has gained full size p
what could have been prophetic of what has han.
pencd, than that contained in the concluding part of the
extracts from the speech of Mr. Tyler? Docs Mr.. r.
consider II less "duty to "put down this ain
stance OF detected corruption, than he did in 1870 or
mas tle Bank become '.intcrwoven" with his 'aficc-
tons to such degree that he is sigh over
our unhappy condition ''thc only privilege which
viii be LETT us p
Mr. Tyler devclopes in this Speech the very sulsti
tue ne would then have employed for the II. 5. Bank
hedr ht,a-and then let how far Mr. TYLER is uor
prepared to carry out the views by voting for the
Bill to regulate The Deposites in the State Banks-now
pending before Congrcss--though We believe he vaed
against the same project, substantially during the last
session.
"Woud it be task of any great difficulty to snbst
tute another system for this: submit it to honorable
gentlemen 10 say whether in the event of the Govern
inents selecting bank in each State, notorionsv sol
vent IN lieu OF the present. we should be situated
precisely are? You take bank in B,Iii,noro
rhiladephia, New York, Boston, Richmond &c known
TO be solvent and bestow upon the same countenance
you Destow on the branches of this bank limiting the
fecepuon Oh inc revenue entirely to their specie
ana giving them the public Deposites will gentlemen as
sign any good reasons for surprising that the notes of
such banks would circulate as currently and as mi
ioimy as those OF tins institution The of the
iNchmond Bank, for example, being received every
where IN payment of government dues would be as rem
any caught up by the merchant note of this bank
payable alone at Richmond There is no difficulty i'm
devising substitute Nor is there any necessity for
alarm for the safety of Government Dcpositcs The
State Banks thus selected would most readily
TO EXHIBIT TO the Secretary of the Treasury monthly and
quarterly accounts of their actual condition There cx-
ised no difficulty on that head when the old charter ex-
pred Thus then the Government would render as Sc
cure IT'S FUNDS under such SYSTEM under the present
can. -