Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-03-21

ask what would be SAID, what ought to be said, the
Congress OF the United States TO pass resoiu
ton declaring that, the Bank Of the United States
dangerous institution the liberties OF the country, and
that was UNCONSTITUTIONAL and Therefore that the Presi
dent OF the United States should be authorized procure
aud circulate such piDp hcs, essays, and documents
he mig think proper "to enghten the public mind
10 the nature aud operations Of the institution and that the
whole Treasury 81 the United States Should he put unde,
his coatro Tor that purpose: Is there who
dare TO face his Constituents after giving vote for such
resolution aud yet this preciely wha, the Bank tn,
Uued States has done with its Treasury, to every intent
and purpose.
As an authority 10 prove tina, this control the de-
poS'es may be used TO proven, the Bank ton mngn in
me Po'es OF The country will read an extract from
report made to this House in 1890 which has the
sanction OF the Bank least; Tor the printing aud
iang OF some fifty thousand copies OF it. constitute
item IN The printing accounts OF the Bank"
siton the report OF the Chairman OF nc Committee
OIL W avs and Means, (Mr. McDuOe) now, and then,
distinguished member of this House from ). Carolina.
"Whie there is national bank bound by It's charter &c
perform ceraia stipulated dutics aud entitled to re
ceve The government dcposlcs as compensation fol-
lowed by the law creating the charter and oniv 70 be
forfeited by failure 10 perform the SO du,ie: there
y h0!nng IN the conn xion at all Inconsistent with
"c independence OF the bank aud the purity OF the
government The country has deep interest that the
osns should maintain specie payments, and the govern
men an auuuonri interest that it should keep the public
"uS s''e'y, aud transfer them free OF expense wher.
ever hey may be wanted. The government, there fore
mas no power the bank, but the saiutary powc
=" enforcing compliance with the terms of It's char.
Ter. Every thing is by law, and nothing let,
to arbitrary discretion IL is true thai re S,crefayy %,
the Treasury, tcjM the sencfioa of Congress ,ro,Id
hdre me pocT 10 prerent the Bank from using its po,c
uVusHy ana ofpTeSsirey, odto punish am otienpt
@ Fa q ne directors 10 bring The peeunisry ir
ehee o. fhe institution to bear upon ne notifies of the
co.ntry by withdrawing the Government deno,it,s from
me OFFENDING branches. But this would not be Kph,iy
exercised 10y the Treasury, its exercise would neces
sary be suhec'to be repie,ced by Congress- is in its
mature, saiutary correctue creating no undue DEPEND
ehce on the part OF the Bank" his seems tome 10 lay
down broad docttine that which is assumed by the
IN
me opinion that the power remove the dcposi,es
gh' oe employed as means OF checking Ve excuses
anu controlling the misconduct Of the bank generally
seems 10 have been entertained by the Committee of In
Vesngaion, raised in lSI9 and various members of Con
s's " ,a' ume ana apparently without being question
Gu py any one very strong opinion that effect is
be found an speech OF Mr. Sergeant who then represent
cd hc city OF Philadelphia, and then the great cham.
Poh OF Tue oank on this floor And there is very remark.
able thing TO be noticed in relation his argument Then
the proposition was, that Congress should take strong
sures against the bank account of its general isma
hsse"eu, anu Tue misconduct and perhaps fraud of some
oil the directors Mr. Sergeant contended tia, the only
su'oi'y mat CONGRESS had, was 10 iauuire whether The
Smarter hau oeen violated and order scirc focias
mat Congress had nothing TO DO with the control, f Al.
oanS, except 10 that extent And he said m we undertake
examine The general administration Of the affairs of the
ph or 10 investigate the conduct OF
are involved atonce in the danger will, the
ErecuftDe." And 80 Congress passed il by Now the
Erecuire Officer has undertaken TO xaune The grncr,
administration OF the aaiSs Of the Ionk and EMPLOYING
the means vested in him by law for correcting what he
thought TO be misconduct in he general administration
the affairs oil the bank and using himself for doing so
on the ground that the charter being contract Consre.s
could not act OH the subject until he repor,ed The fact tn
them mat he had removed the deposes we mme ~
hear The distinguished gentleman from Phlde p,ia rs no
is now The great champion OF the bank Oh this o,r com
planning vehemeny that lie should such an exraya
CANT construction OF the law excludes Congress from
all right 10 act vntil he acts
Mhen the Legislature attempts TO control the Bank the
Bank and It's friends say belongs TO the Executive 20
look into this matter When the Executive acts then
usurpaion Of legislative power charged So true is it,
that -
"l'he doctrinc to day that is LOYALTY sound.
May bring US halter Tomorrow"
In conclusion Mr.. Speaker, have only TO saw looking
70 some OF the great principles which have been broy
into debate iii with this subject and the
upon the various questions which have arisen re-
cara Ihe inquiry, whether the depostes shall be restored
OF mol, as one OF very small
more npor ant questions and are involved
III ne ueUate, u not In The decision
ucai question: III Is TO he whether the Constitution
anu The law shall be supreme whether we shall he
governed oy great moneyca olgarchy; whether we
nave The Constitution fathers gave il TO us or whe
ihcr IL Is 10 be laid PROSTATE The 'r0cysfes be'' OF
tins great corporation, and stretched here or curted
there; bent, twisted and fashioned suit its interests
neither, in Short the Bank OF the Unlted States shall
prove Itself stronger than the Constitution strong err than
the Government and stronger than the People.
IL may be, sir has been alleged, that the State of
virginia viii be found sustaining Legislature in the
avowa OF principles which regard directly in confc,
with the Constitution, and leading in their tendencies to
the utter demolition OF the only remaining constitution.
al barriers which defend the rights the States from the
overwhelming tide OF federal encroachmcnt If 80 so be
it, But L. for one MIR. Speaker, will oppsse nv eebI.
strength 10 this fatal and desoating tide 10 the las, and
when sink under lis force, will continue 20 press the
constitution oil any country tony BOSOM and my last shout
VIII be- IN the language Of the immortal Henry GIVE
Inc liberty, or give Inc death"