Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1834-05-29

to matters which could not be stated tD!!@uAg
great labor OF compilation, and a resort 70 r "n ~
ces not necessarily nor officially in the H@ouf'
sion of the Bank. Some of the calls re t aprGs-
matter With respect to which no desire n y
cealment could, on any hypothesis, be imn ION,
TO the Bank; others related to concerns Ip"ted
Undersigned will presently show invoIviHn%T .He
highesl confidence of individuals, and not r. V bs
diVulged, except under legal compulsion ,DL We
out the grossest breach of faith. VIM
The answer of the Committee of the Diro..
TO these acquisitions was in the foIIoUv;OCiS
terms: 'onoWlng
Resotred, That the Board do not fpoI n
selves a. liberty to comply with the rpnni,o "eM
OF the resolutions of the Committee of Invoamnehl
uon CT the 18th ult. and lst instant. and Do o"s
think they are bound to do so, inasmucb y. "o'
respect to a part of the papers called for t I3 III
feet would be the same as the surrender o tG e.
books and papers to a secret and er Dorte nv .leI'
nation, which they have already refused toAoau-
sent to; and as to the other part. thew roIo,o oa'
matters over which the Board have no cogt, .
ana II they could overcome these ohfc,ti~S'
ana had the power over all the papers Am
would be impossible for them to comnIy' , ri3' u
any reasonable time, having ascertai1ad '' La
a careful examination, that the cori7e' ~
statements called for by the resolutions ~
the 2Sth ultImo, alone, would requi-2 he IN
INTERRUPTED idoof OF TWO clerks % 4, l9as,
Ten months, 70 make them out, and ,h2. he 20
naming resolutions, so far as they cCncc-n no.
tiers the beyond the reach Of the BoarG .ro,is
require great additional time, which they are wv.
able exactly to compute, without CAUSING vIo.
they fear would be an announcement DELAY 70 ,%1
Committee Of investigation; and thew tako :,
for granted that it would no more CONNER, wt
the views of the Committee of Investigation ;,
wait till so distant a period, than it would win.
the rights of the Bank, to have such a bur4a"'
imposed upon it.
If the application Of the Committee or the
House be regarded, according to its terms as,
mere request, it was of course competent r. a..
directors respectfully to decline a complfanr.
with it. 1t can be no contempt Of the Honso
nor even matter Of complaint or ground o. 5re
JUDGE, that any request, which is merely .1cb
is respectfully declined by the party % which II
is addressed. But the Committee Of the Dire.
tors appear to have regarded it as ? matter Of
duty, not to return q naked refusal &c he reoui
sition of the Committee of Investigation. The
reasons of this refusal are stated. and thew an
pear to the undersigned to be valid. Reference
to the resolutions in the appendix will enable
the House to Judge OF this matter. me }ca-
sons, as has been seen, are, that to comply with
a part Of these. resolutions would be. in eJecf
to copy or abstract an essential part of some
of the books of the Bank, in order 20 ther
being made the subjects Of a private and er
pGrte examination; a measure so m"Ch tie
more Objectionable, as it would add the insop.
venience OF preparing the copy, to all the other
evils incident to such inspection. Another por-
ton of the call related to matters Of fact. in no
way appearing on the books of the Bank, and
not to be ascertained but from sources Of infor-
nation no more accessible to the directors than
to any other individual. These objections were.
Of themselves particularly tho fret 6aciciva In
addition to this, it appeared, from a careful eX
animation, instituted for that purpose, that he
answers to the first series Of calls could not be
prepared without the uninterrupted labor o. two
clerks for at least ten months.
The undersigned are unwilling TO take I'D tie
time of the House by a particular examination
Of each Of the resolutions, but they feel diem
selves required to express their opinions of q
portion Of them. They will refer first &C those
which call for information touching the transaC.
tons Of members Of Congress with the Bank Of
the United States, and the correspondence Of
members of Congress with officers Of the Danki
One of the resolutions alluded to is in the 70!
lowing terms:
"Resolred, That the President and Directors
of the Bank be requested to furnish the com
mittee with copies Of all correspondence be
tween the President of the Bank OF any Of lis
officers and members Of Congress, or Of uRGa,
SUered letters received from any one Oh theIp
since the first day Of July, 1882, touching ii,
renewal Of the charter Of the Bank, the reno
val or restoration Of the public %deposites, OIL
touching the business transactions OF Srch mem.
bers with said Bank"
"ReSoiued, That the President and Directors
Of the Bank be requested to furnish this com.
mittee with a detailed statement of all loans
made since the lst of January, 1929, to 'ndiN.
dualS, who then were, who have been since, anu
who now are, members Of Congress, stadngtle
amount of each loan, when the same was made
for what term the security was given, ana .t
time when such security was received: ana ar
so the security which the Bank now holds, ana
the amount now owing by any and each OF SuCD
borrowers, or other person for The benchl q.
such borrowers, at the Bank, or either OF If
branches; and stating, also, the particulars
any such loans, which have been %proteSted, o!
which are now under protest and the names oIu'
parties to any such debts; also the names; Il aH.
of any such persons, whose notes nave DcII
renewed after the same had become cue ~
not protested or renewed, with the IN oI ~
dividuals, parties to said renewals, whose nUn.
were under protest at the time Such Ienem".
were made; and, also, whether such loans III 'G'~
were case made by the directors or o!'eI"'
and by what authority" mi.
The undersigned suppose it lmp0ssIoG01
take the general purport OF calls Ike M.,1.
From their minuteness Disqualification, t0ey N3