Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-01-11

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the Bank and Secretary Of the Treasury, would be
clear justification 10 Congress to direct r.n.er Of the
public dePoses; that the Secretary of the Treasury
the mere agent oil Congress- In respect to the depostes
the nature oil all agency that may be revoked unless
Otherwise expressly divided; and finally that the princi.
pr ANU muen less tho agent Of one party eanno, justly
VI s"'u"y violate the compact any OF It's essential
poVns' whist the other party 10 In tie progressive and
''',n'@i performance OF all his engsgemen's.
III am right, in this view of the subject, there is an
emu oil The argument There was perfect equality and
reciprocity between the two parties 10 the compact Ne
her could exonerae himself from the performance of his
0ogsuons whilst the other honestly proceeding fair
10 "ihi all his engagements But the Secretary Of the
Treasury comedies that the public deposes were perfect
met every demand upon 1t; aud that faithfully perform
ed oil its duties by these concessions he the
whole argument, admits the complete oblg alton Of the
fuonc 10 perform ITS part Of the compact, and demon.
:'raes that no reasons, however plausible or strong can
Jus,iy an open breach Of a solemn national compact
but he has brought forward various reasons 10 pal.
late or justify his violation of the National faith; and
now my purpose to proceed the second place. to ex
anime and consider them. Before proceed do this,
nope DC allowed again TO call the attention OF the Senate
10 tue nature OF the Office Of Secretary the Treasury II
Is altogether financial and administrative. His duties re.
rare 10 he hnsnces, their condition and and
to them exclusively The act creating the Treasury De-
par'ment, and defining the duties of the Secretary de.
mon'raes this He has no legislative powers and Con.
eress nei'hcr has nor could delegate any him. His
powers, wherever given, and in whatever language ex.
pesseu must be interpreted by his defined duties Nei.
mer Is the Treasury Department On Erecufipe Denart
me"' was expressly created 10 be an Executive
Department Ills administrative but not Erecutipe Hi,
relations are positive and direct Congress- by the act of
MS cfeauon aud not to the President Whenever he is
pun uhuer the direction OF the President (as he is by va.
ous subsequent acts, especially those rela ing public
II Is done by express provision Of law, and for spe.
WIN this key to the nature Of the office and the du,e,
OF me ocer will briefly examine the various rea
sons which he assigns for the remova, Of the Public be-
postes The first is the approach of the expiration
OIL he charter But the charter had vet 10 run about two
and half Of the 20 years TO which il was limited During
der yer IN finn IN
be made with the Bank. IL clearly forcseen at the
eonmeneement OF the term, as now, that il would expire,
congress did not them and has since
proper TO provide Tor the whdIa of the cposes pror
20 he expiration Of the charter Whence does the Secre
ey uerve an authority 10 do what Congress had never
done Whence his power 10 ahridge in effect The ner o
tue charter, aud TO limit it to II 2 years instead of 2O
.no urgency Tor the removal Of the depo.es so great
a ne could not wait sixty days until the Of
congress! He admits that they were perfectly safe i'm The
BANK mat promptly met every demand upon il; and that
II faithfully performed all its duties w Inv not then avail;
the arrival OF Congress! The last time the H. of Renre
senatves had spoken among very last acts Of The Ias
session, mat House had declared its full confidence in The
safety OF he deposites Why wait until couId re-
view 'he SUBJECT with all the light which the Score.
tary Gould throw upon H. and again proclaim it's opinion
re comes into Office on the 23rd September 1889 and
In three days, with intuiiive celery he comprebcnJ
he whole OF the operations of the complex nj
me treasury perceves that the Government from lis ori
s hdu been IN uniform error, and denounces The ON;
mons OF all his predecessors And, fastening to rectfv
universal wrong, in defiance and in coptempt of tho @
solution OF the House, he signs an order for Tho r
.e oePos"es! was OF no consequence him whether
places OF safety, in substitution the Bank of the United
Saes, could be obtained not without making essen
ual precautionary arrangements he commands the re-
moval amostinstantly 10 be made. ~
why, sir, IL the Secretary were right in
,h ne ATONE could order the removal, he admits
congress has power TO provide for the security of e
public money in the places 10 which /, n'ah, h
transferred IL he did not degn to consult the repIesen
Ves OF The people as TO the proprety OF the first stem
did not decenrrespect their authority and uJgnsp
eAact from HIM delay for the brief term of sxy days
T%s ,ey "gn, consider what was fitting be donel-
Is, hy h,..
40 win the care and safe keeping of the public money
as mas oeen already shewn that duty is specifically as
signed oy law 10 the Treasurer of the United States =
hnd IN assuming upon himself the authorize 10 nrov;ds
oher repositories than the Bank of the United States he
ranP,eu upon The duties of the Treasurer and what
uue 10 congress Can any doubt the motive of
TINS preclPancy! Does any body doubt that il was
preclude the action of Congress- bring /, under the
ihhuence OIL the Executive Veto Let the two Houses
OF eher OF 'hem perform their duty the country and
we snai hereafter whether in that respect is,s,
Mr. Secretary will not fail to consummate his nurnos
ne next reason assigned for This offensive proceed
ing, Is The reelection of the present Chief Maoisr,t
nave always Gays the Secretary regarded the result
me declaration OF majority of the people thar ,bs
cnarler ought not 10 be renewed" ''lts voluntary an
peaSn TO Congress for the renewal OF its charter four
years before IT EXPIRED and upon eve of the el,c
ZION oil President was understood on all sides as bring
g TO- ward mat question for incidental decision at the
then approaching election. 1t accordingly argued
on both sides before the tribunal Of the people and beir
verdict pronounced against the Bank" &c What ba.
he secretary do with eecons Dothey belong 10 The
reference to the result oil the last Presidential
ought not the President to be conte mt with tho rium
phant issue OF ii. bid he still more votes, tn
winners ought TO forbear making any complaints and bs
satished, whatever the losers may be- Alter an election
Is fairly terminated, have always thought tbat The h
way was 10 forget all the incidents the preceding cam
'ass and especially the i'm which votes had been
cast III one has been successful that ought IN he s6
Gent Tor hm; II defeated regrets are unayailnu Our
reno cuzens nave right freely TO exercise their cleo
candidate has any right TO complain abou, it,
inf Tho Co.
OIL inc Bank was fairly submitted the people nv The
consent oil all parties, fully discussed before them and
er verdict pronounced against institution in The re
election OF the President His statenen mt Of The
quires that we should examine carefully the varons -
sages oil The President 10 ascertain whether The R,nL
question was fairly and frankly TO use fayorite exnre.
SION OF The Presidency submitted by him 10 the PEOPLE Of
the United States. P "
In his message of 1929 the President saws. oThs ch
Ter OF the Bank Of The United States expires in 1890 and
It's stockholders viii most probably appJy for n renew.I
o heir privileges In order avoid the evils resuIno
Hom PrecPtdncy IN measure involving such import.
ant principles, and such deep pecunary interests fee,
that cannot, in justice to the parties Interested ~,
soon present it to the deliberate nj s i
gfia'"re and the people," The charter had then nm
wards OF SIX years TO Upon this solemn invitatio,
OF he Chel Magistrate two years afterwards the R,nL
came forward with an application for renewal Then i,
vas discovered That The application premature And
he bank was denounced for accepting the yerv
which had been formally given: The President nrocesd
bo'n the consiuionality and the expedieocv of The
6ank are well questioned, by large portion of mr.
,yeHoto 'c,nzens' This message was a non comntaI
ne PRESIDENT does not announce clearly his own oninon
now we all know, that large and highly resnec,sh1
number oil the people of the United States have sI,.s
entertained an opinion adverse to the Rant 90 III
sTvuus. ne PRESIDENT continues; ~ such an instu-