Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-07-18
.NEU, .MA.NGUYRE.

tor Leigh, until our next"
.NEW .DLaNGUpRE.
pea Ills my last viii and Tsso@on Seq0ins 81 h A
az s " OF s Bank Of s s
end - doss Of there being no ,seh Bank Gea may Od grant
and 10 case OF ,ho being such stocks (Which also God
Stockton defect OF such mortgages Eng
So runs the will of John Randolph, of Roanoke,
now among the archives of the General Court, and
dated January LIST, lS32.-The more we trace the
consequences of this Bank, the strongly are
we satisfied that the safety of Liberties is in
deed concerned in its determination.
The piebald Wing of Tuesday last has an ins-
dious article upon the Bank of the United States.
With the most indecent haste, it Tugs before the
public the following preliminary correspondence
between the Senatorial Committee of Finance, and
MIR. Biddle.-Ths correspondence is said by the
Editor, TO have been put into his hands "for in
spection by a member of the Committee, unaccom-
panied by leave TO publish IL, but also by any prohi-
bition; and il presents the line of examination
proposed by the Committee, and shows the spirit i'm
which they resolved to pursue il, well as that
of the Directory in regard To il, have thought il
right from public considerations well as i'm JUS
iice the parties the correspondence, to lay il
before the public"
"PHILADELPHIA, July 7h, 1884.
To The President and Directors Of the Bank of the
United States.
ssGentemen: We enclose YOU a copy OF a resolution
passed by Senate the u States on the 30lh June
by whirh, you will perceive, is made duty
cute certain inquiries in relation 10 the Bank OF the United
States. These enquiries
l. Whether the Bank has violated its charter.
q Whether the monies OF the United States, re-
naming in the Bank, safe.
g. What has been the conduct of the Bank since 1882
in regard to the successive extensions and curisments OF
IFS loans and DISCOUNTS and its dealings in domestic
ternal bills OF exchange.
a And wha, has been its general conduct and manage
ment since that period.
We shall upon these enquiries at some period be-
fore the next meeting OF Congress- and shall endeavor
obtain the full and ample information upon all and
each OF the points enumerated in the instructions of the
Senate.
To this end it will be necessary that the Books of the
Bank should be freely subject inspections; and that
should be furnished with all such accounts statements,
abstracts and exhibits, may deem useful and proper
The time OF commencing the examination will be bereaf
ter communicated TO But in order to facilitate
labor and enable us TO go through il with Dispatch
when we shali again meet, have request that
the following statements tables be made out and for
waried, convenient, to the Chairman OF the
Committee.
L. quarterly statemen, Of the affairs of the Bank and
its offices respectively, for the several quarters of he
years 1892 and 1888 and the three FIRST quarters of 1884
This statement contain
l. Amount OF notes discounted.
2 Domestic bills OF exchange purchased and discount
3. Foreign bill. of exchange purchased and discounted
A. Balance due from other Banks, including their
3. Balance due to other Banks.
q. Amount OF specie; specifying how much in gold and
how much silver; how much coin and how much bullion
q. Amount OF public depostes.
III. Statements Of all the dividends of the Bank, with
the amount OF sny existing surplus fund contingent
fund
III Statement OF the real estate aud Banking. houses
held by the Rank, with an estimate Of their value.
Nv. The debts due the Bank, with estimate showing
what part is gared bad doubtful and what funds,
IL any, relied TO meet any deficiency arising from
such causes
v. Copies Of all the bylaws and rules Of proceeding
VI Statement OF the rates Of exchange on domestic
bilIs, for the several quarters before mentioned between
the principal cities in the United States, and tables OF tie
rates Of such exchanges, yearly, since 1916.
"Signed by the Committee.
"BANK OF THE UNITED STATES July Bib, 1884.
"Gebilemtn--l have had the honor OF receiving your
letter OF the 7h ins which this morning submitted
70 the Board OF Directors.
"They have instructed TO inform you In reply that
they will very promptly and cheeriuy give every facility
within their power TO the investigation you propose.
Having not the least motive wish 10 withhold tie
complete information OF all their proceeding but the
contrary, being DESTROYS of giving them every publicity
consistent with tie rights aud Interests Of other parties
they will freely submit oil their books the inspection oil
the COMMITTEE, and furnish every assistance which may
he required. They take the liberty Of suggesting that
the private accounts Of individuals with this Bank
with all similar institutions, regarded ss con
fdenuAl, and feel full confidence that he COMMITTEE
will, in case, make public the Of snch ac
count, unless 70 90 So becomes necessary by reason
Of some imputed misconduct or fraciion Of the charter
They further suggest that, u, in the progress Of this exsm
nsiion, The Committee 10 suppose that sny
Iaion Of the Chsfer Of the Bank has been committed IN,
COMMITTEES will deem il matter Of common right and jus
lice, that the nature Of the alleged violation should be sug
gesed to the Board Of Director, in that they ma,
lay before the omnitee all The facts aud explanations re-
speeding such alleged violation.
"Tbe statements requested by the Committee will be i'm
medisiely prepared aud Forwarded the ChsmsD;
whenever shall be the pleasure oftbe Committee TO pro
ceed the Bo,rd Of Directors will he ready and willing Il
render every Ill in the most unlimited Investigation Of h
concerns OF lie Bank.
81 have the honor 10 be, very respectfully.
an. BlDDJE, President.
"Hon. Daniel Webster, John Tyler, &c. Sc, "Commiue
Of Finance."
| The Wing also informs us, that "the Commute,
will resume its duties early in August and will com
mcnce operations in Boston. We also state will
| PLEASURE, that the Pet Banks will he thorough,
overhauled under the second resolution, and IN,
circumstances under which they were selected b.
Mr.. Kendall strictly aud impartiaIIy examined into
| Discoveries may he anticipated in this region will
foil os much certainty as IN the other"