Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-01-14
Nv enty-third Congress.-Ist sess
in SENATE.
Friday, Junuaru 2.

submitted by MIR. Clay, on the 26h uJIimo " ''0'u"0n
MIR. Benton continued
Inc pressure In the money market. Mr. r. said ,v,s
pSahs topic IN all these resolutions aud memorials sen
s'ess' 'ut ne trainers OF those resolutions had M
Rs 70 me great iacis which showed the conduct OF th,
N :" ereanhg mat pressure. They knew nothing O
e ouer oil restriction upon the western branches: The
oneerea accumulation OF bills Of exchange in the At
cues; the extension OF loans to old fsvorite.:
he refusal TO cura friends relations and politicians. ,h
me"se amount oil specie,-hve millions u,o q than IN.
PRESIDENT OF the Bank deemed suicencv two 49,
u ABOVE an tney knew nothing OF the order, or conni
vance from the Bank 10 its principal branches 10 refse n
receive me notes oil their distant sister and thai
e transfer drafts against which so much denuncia,ion
y, S were The sole cause Of compelling the bank
It's own branch paper, and put into the hand,
upon coaSi" BANKS Tor the sole purpose OF being used
tp" son""on thai the institution should refuse i,s
odnch paper or wantonly Cypress the commuo,v nv nm
a.a eura!imenis Men acting In ignorance Of al
wno 10 know them should attach but tte weight 10
elaborate resolutions ~ e'' " '"eh
great issue, Mr. b. continued, is made ND. and be
49, , sea Par"es and greatly affecting ;he property and
the hber'y OF the American people, h an sane III fac,
~ whether the Bank OF the United States has unneces
,y euraiied its debts, and oppressed the communIv
anu used its immense power over the money ,narL. -
poe us own objects at the present time, The issue
the on ho parties OF II are eminent; they are
Cue Government Directors OF the Bank who affirm H. the
secretary oil the Treasury who assigns n in HE ~,
e removal oil the deposes; aud the President of ,be II
STATES VINO soemny communicates the fact in his annual
message; these the parties Oh one side. nm h ,h
s,ahu me majority Of the Directors OF the Bank denving
sm n ne senate has assumed to try this great is.
ue anu now VIII they try it? BY entering The arena for
and against the Bank! BY pleading like LAWYERS and
Tying as witnesses, aud deciding iudges win Ibev he
e1e comPrgaors for the Bank. viii they enter the lists
ana 'hai IN case in which the laws Of chiv aIry
10 not admit OF champion, for the Ba nix is neither
Pes" WIN they convert the Senate into be ar gar.
ue' give ana take contradictions, have dog fig Int for the
entertainment oil the galleries. and acqu the Bank by din,
numbers without examination and without trial. Mr.
o. he'd TO be impossible that the Senate of the United
states could go OH in this way h thew were ~
proceed IN Tie most solemn manner known TO the history
IN. pr.st proceedings namely. an examination OF
Ia RAnk u.aas
al me bar oil the Senate. This he said was the course
ioowed IN England intmar conjunciures IL was done
n ~ case OF INC south Sea Directors; il the
course In all great national emery IL wa.
ne only way TO obtain TRIAL such as the pe
nus o. our CONSTITUTION delights in. Committees sal in
SECRECY me puDc did not how the rompittee aced
an examination at the bar Of the Senate would he
al open ami public procedure The people could nudge
10 me and ulness othe trial. he held il to be
par " e essence OF all trials in free countries that
ne court should be open. that the people might Judge
NE Judges while they judged the accused Nothing less
gave coincidence to the results Of trials or better support
20 me tribunals in righteous udgme MIS- This case above
az o'heIs demanded such public trial. The gravi,v
enTSim oil the accusation; the dignity of HE par
We m"A"g w he nigh trust of the parties denyinp IT,
me elevation OF the tribunal before which il was n,d
u me aeep interest TO their property and liberty which
involved the whole body OF the American peore in the
nosi anxious suspense for Just and IMPARTIAL ecson
me directors OF the Bank themselves should be Ibe
hos' desirable mode of proceeding They should even
isi@ S ns sea s" o WILL give them voice this
pectaors and audience, and ultimate judges all
erDed. AT the proper me therefore, he, Mr. b. should
strike the whole OF the econd resolution sub
nied by the Senator from Kentucky (Nr. Clay) which
undertook pronounce without trial. and TO in
ser in place OF it Resolution 10 summon Nicholas Bid
de- sdent OF the Bank of the United Sates and such
other persons the Senate should direct appear the
bar OF the Senate al some short, and convenient day. to
be examined upon oath the which led to the
late large curalmenr Of the debts OF the Bank and the
manner OF conducting that enrichment
Mr. b. took up the next great reason assigned by the
Secretary Tor removing he depoes: it The interior
Of the Bank politics and elections the coun-
mos q it..
sell oil mode OF practice KIN courts but
demned in others put in two pleas OF contradictory
TENOR that is TO say she pleads DOUBLE in plea deny
ing the truth OF the accusation and out and in The
other admitting 10 be true aud jusfying it, In word,
she plead not gully, and Justification She should have
the benefit of both pleas and in her words; for he
MR. b. would read them from the little book, which the
Bank itself had prepared and furnished gratis to all the
members OF Congress, at the commencement OF the pre-
sent session. He had received one, would make his
thanks Tor the favor i'll due iom and proceed TO
it, Mr. B. then read various extracts from the report oil
the Bank Directors.
The Bank Of the United States like every other Bank
derives much OF lis advantages from its credit, and its
general reputation Tor soirene aud The Directors
therefore, bound By official wei! personal conde
stoDs TO remove uniounded preudces, and TO repeI in
juiious calumnies the institution entrusted TO their
care.
Soon after the first message TO Congress, issued by
the signer Of the present paper becsne necessary to
counerac The schemes tor the destruction OF the Bank
by the diffusion Of intelligence among the people Ac
cordngly, the following resolutions have been adopted
by the Board.
On The 3Ob oil November, 1884, 'the President sub
milted 10 The Board copy OF article Banks and
Currency just published IN the American Quarterly Re-
view Of this city, containing favorable notice OF this in
siitUon and suggested the expedency OF making the
views OF the author extensively known TO the pub
lie than they can be by OF the subscipton-list
whereuppon IL was, on motion,
Res0fped, That the President be authorized 10 take
such in regard to the circulation Of the
tents Of the said article either in the whole, in part
lie may deem most for the interest of the Bank
On the llth OF March, 1881, The President stated to
the Board, that in OF the general desire
pressed by the Directors Of their meetings Of the
last year. subsequent to the adjournment Of Congress,
and verbal understanding with The Board, measures
had been taken by him in The oil that year, Tor
printing numerous copies Of The Reports Of Gen Smith
and Mr.. NJ Dufie, the subject Of this Bank, aud Tor
widely disse ninadDg their contents through the United
States; and that he had since, by virtue oil the authority
given him by resolution OF this Board adopted the
30h day Of November last, caused large edition Of
Mr. Gdaiins Essay Banks and Currency, 10 be pub
shed and circulated in like at the expense Of
the Bank. He suggested, at the same time, The ezpe-
diency and propfiety Of extending still widely
Of the re publication ofoher valuable articles, which had
issued from tie daily and periodical press.
'WhereupoD. IL was, on NOTION.
Resolved That the President is hereby authorized Ia
cause TO be prepared AID circulated such docanens
aud papers may communicate 10 the people iDoJma
fiOn IN regard TO The nature and operations " IN,
Bank
And finally on the 18th OF August, 1888 the iolIowiS
revolution:
Resolved That the Board have confidence in the wis
dom and integrity the President, and 10 The prop
OF the resou ions Of the go OF November, 1890 an
'Ilh OF March 1891 and eutertsin full conviction
the necessity OF renewed attention 10 ihesobiects OF IT.
resolutions; and that the President be authorized and 70
quesied continue his exerions for the promotion
said Objects