Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-06-10

INSPECT BOOEs BuuE ami
an presence Of Committee Of Directors
NORTH AMERICAN RorEL
- Maya, 1884
Tie committee met at half pas, 10 o'clock. a. NJ all
the members being present.
Inc chairman Submitted the following resolution which
had been received from the Committee OF Directors:
BANK or TIE UNITED STATES,
May 6, 1884.
AT meeting Of the committee, held this day, il was
motion,
Resoued, That the Committee of the Board will he NJ,
pared to receive the Committee of House of Renre
senaves OF the United States, at the banking house Of
the Bank OF the United States e. morrow moTniug tho
7h inst at III O'clock then there 10 in The
execution OF their duty, according the reonrenen, OF
the Board as contained in the resolutions comics nj
which have heretofore been communicated to rhe t,o,
mitee OF the House of Representative of tire U,iieJ
States, The have been explained 10 he ,.s,o,
by the committee, 10 which understanding thew continue
On motion,
RESOLVED, That the committee will proceed TO examine
into the statements made by the Government Directors 10
the President Of the United States aud TO Congress and
Tor that purpose will, this day. call for the production for
Inspection oil The minute books containing the proc
oil The Directors OF the Bank and the expense books and
vouchers Tor expenses incurred.
Alter having adopted this resolution the committee pro-
ceeded TO The Bank OF the United States and upie The
room assigned To- their use; thereafter bey
were attended blythe Committee of Directors when
MIR. Mason, OF the committee desired The ,,o.
ducuon OF ne minnie book combining the proce ediups
ol the Board OF Directors from 30th September 1882 70
this date 9Th May, lS34) "
The Committee Of Directors tbereupon ,,a,ired o.,
oerate on he propHey OF granting this request and
alter returned when their chairman presented the follow
ing PAPER 10 Wit
The Committee OF the Board request TO he G,,ni.h,
with copy Of the resolution OF the Committee Of Jves
ugaion read 10 the Committee OF the Board this morning
The following resolution was then passed bv The Con-
mittec OF Investigation: > - N''
Resoiued, That copy of the resolution of this com,
ee, ieai oy me chairman oi the Committee OF Inves
gaon IN The presence OF The Committee of
day. and requested by said comatee be furnished agree
aoy U reques', as matter of iavo and not Of right
Mr. Muhenberg desired that the books s;iocy no tho ac
~i L. La Iao~L 81 ,n ~ u S ae'
and papers explanatory Of such account from the 81 y
nj a. a,
spection oil the committee.
The chairman requires that the expense hook of the
pnk' WIN 'ne vouchers showing the expenses OF the
bank by resolution OF the 3O.h November 1880
and The l March, 1881, be submitted TO lie
oil the Committee of Investigation.
The question being taken upon them was carried 1, ,b
Affirmative, without division being called for
NOTICE being given 10 the Committee OF the Board nj
Directors, tina, the Committee OF lnvesiigstion var
to receive then they attended, and the clsm,n s.,cJ
to Mr. Sergeant chairman of the Committee OF Ihe RnI
lhat the committee bad directed copy of the resoo
requested by thea, TO be furnished - which was ,re
on furnished 10 MIR. Sergeant; by the Secretary ~
The chairman also stated TO MIR. Sergeant bat .ot Or
DOCKS and papers were specifically required by members
Q, 'ns eommee' specifying to him those required by
MIR MuhenSeg, hir. Mason, aud himself The Con-
ni'tee oil the Board then RETIRED and few inutesr
orDed and MIR. Sergeant slated that he was au,Inri, 81
by the Coinnee OF The Board 10 offer ccrtsia reoI,os
which he read follows:
Whereas il appears. from the resolution Of the Hoso
oil Representatives OF the United States appontino t.
Committee OF Investigation, that two dist,ucr nn;
were contemplated one OF them directly TO ascertain
10 fh.
acts Of the corporaon aud the other so very oener I
INDEFINITE, as to make IL difficult il impossible TO saw
wneher mas any mis, at all, either 10 the matters
10 De inquired nlo or tie mode of pursuing the ino
ryi and whereas II appears from calls made bv e On
nluee OF Investigations that they have proposed verv
VIDE range, embracing among other t,in,s ~, 49,
siye examination OF tie dcts transactions acrouns 49,,
letters OF Individuals and thus BslIting a kind Of ,i
search which Is the more obi ciionabie becsu.e il II
nave any purpose al all, II be crminste hnss in
dyiduas as well the Bank and il have mo-, r mr.
pose, US without any assignable Object and would be an
injurious invasion 0! private Interests: and whereas nm
ger nse circumstances, Il is the duty Of this committee
ny ali lawful means TO protec, ;ie ghis aud sacred o
nuehce INFUSED 10 Their Keeping, and yield nothing
by consent, which cannot be legally from b.
aud Whereas after careful and ious ,io r.
are OF opinion That the inquiry only be rghauIlv
tended TO alleged violations Of the charter and IN in;
ought to be conducted according TO some certain n,c;
plies and rules therefore, " r'''e''
Resoioed, That the Committee Of Investigation be re-
speciiuy required, won they ask for books AID s,efs
70 state specifically, in writing, the purposes for riJ
,hey are proposed 10 be inspected, and il be eal
wfr,ng, what are the alleged supposed violations ol
charter 10 Which The evidences IL aeged TO be sppicAb
resolved Ihat III The opinion OF this committee +,
"oua very much condnce TO the purposes of Justice nc
wen as to The convenience Of all concerned if lie Cod,
zee o. Investigation would furnish specification oi IN
Intended 70 be inquired into, proc viii
Mr. Mason requested Tie chairman TO ask ..it III. ,o.o
luuon Is 10 be considered specifically as the answer liz
bADk 10 the calls lor the books papers" WIcI L
Ing done, Mr. Sergeant replied, 'snot spee6csIIe 49,
relating 10 IT. and indicative OF ihe mode Of proceein
n'eWeu Itth Oy tue BANK
: Ibe Chairman having requested a specific aus,,as II
Cgmiptee Of TIE Board retired, aud returned in
minutes and Mr. Sergeant stated that he was instructed
70 give he answer o the committee in lie form of reso
fuuou, winch be then read, follows:
hes0iDed, That the Committee Of the DosfJ are of 90;
mon MAJ he resolutions submitted by them 20 fhe Cam
muee Of Investigation this morning, are orcliun,,v n,
answers 70 sPecIbc calls, aud respectfully sunni s Gr
ue,,sioh before any SPECIFIC answ are made i"
"hleupon, The following resolutions were sd,,,.d .
hanGed 10 the Committee Of Directors: F' Oh"
where's this committee lave. by fesolutons so,,.,,
communicated 10 The President and Directors o liz ~
% ehe pned Staes, decsreJ that in discarging a. 49,
ues eonhoed 10 them by the House Of Representa,es
ey calmeu' on thqlr responsibility 10 that fIoDee and ~
VEL constituents 10 regulate their edDgs 10 indgs
" we extent % lheir powers and duties for tbesevs
'tney we're not charged will, ihe duty Of erioat.o
s p.nE' ne directors, or others. bat simply 10 no,
shVnss' 0her mugs, whether such prosecutor H. oi
Iorn, snah De Instituted, and that In so doing te
syyia 70 every person, who might appear 10 lie ~ TIL,
PLANTATION and defence OFFO''""'y Of eX
]. Resoloed, therefore, That a, ,.,so,i a,
nPtcupg we BOOKS, and examining into the peoceey
tngs o. The Bank the commee cannot ,igh,f.,if S,
CURED and Top the nature Of Their dniiss 10y e Ie
Ply "lb request 10 state sgecj eally in wri,ino 49, 49,
P'S' i bCn wnSh neg are proposed to be inspeced
= <'esooea That The committee csnuof co,,oi,, LII
isgues % Iequlsiuon 10 specify what arc De sysosI
-iyauols q cbarler because they are not cond,sri
sdtuted. 9's ""o'"el one shall he IN
? R"oiv'a That the eonm4tss Of Director. b. ed