Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-02-27
Qn consequence Of the payment Of the
French billy

~ 43l,osO 13
When the money was repaid
We shall that the llth February the had
at his credit in bank $7l7264 22, to which, when the
proceeds of the French bill added, his credit
10 81 735,460 40 the 18Th February. On the 18th
March the amount at his credit l5607s3 g. and ON
the 25h March it is 81 1876 9O7 Az Between those two
last days. 10 wit, the 22d March, the French bill came
back protested as you may see stated in the last para
graph on the same page "wha, makes the stron-
gers this that the 22d March, the day when the pro
tested bill came back TO the BANK &c. From their own
statement then the lh February, by passing the pro-
ceeds OF the French bill to the credit United States
the Treasurer had at his credit $7OO0 600, which was
diminished below 81 400 900, TO the 22d March
when the French bill came back protested being $780,
900, more than sufficient to pay that bill. admit tina,
placing it TO the crodi, OF the Treasurer was
the United States as much as if il had been paid specie
notice was given of an ntion to loan Il
that was liable to be withdrawn the goth Of March:
but cannot agree that it loaned withdrawn a,
that time, and it wa. proved by their showing that
the identical proceeds Of this identical French Bill ceye
actually used by the Government for the paument
Of its ordinary expenses; and it is further proved thai
the Treasurer had his credit 100000 more than fiji
cient to pay this bill when it came back protested
But the proposition advanced by bank, that il has
twice paid the French BILL is superaveiy ridiculous
that it could not be believed by any the cir
cums!ances lift made by authority of the drec.
tors themselves Hear them:
In the United Sa'es, them the bank had paid tie
of the bill in its least convenien form But
was protested in Paris, the agents of the bank, finding
bill with lis name upon protested, forward and
actually paid for this bill twice over-once in Phadel-
pha, and once in Paris; that is il had, course credit
ua disbursements on account OF the bill upwards
81 100000
What makes the srongeri this that OH the 22d
oil March, the day when the protested bill came back 10
the bank, the whole amount 10 the credit of the Treasury
throughout the whole u States, with the exception of The
Danish indemnity money. was ST. ,s27,O4s SO Now the
1921 800 Is in Paris, making s ,s25156 or"
Really Mr. Speaker, am at loss how to treat this
Observation-Disclosures as farrago OF nonsense, as mat
ter gravely advanced with the expectation that any one
can be found so entirely destitute of as ia
give II moments belief We are gravely told, the bank
paid the bill here in the least convenient form. Let me
ask any friend OF the bank, what form could be more con-
venen than 10 pass from the credit of the bank the
credit of the United States when not one dollar of il was
drawn from the vault? 1t there be more conyenien nj
form, would be glad TO know it, Again: we are az
gravciy told that the bank advanced 1908 sos 80 in Phi
adelpha and 1921 $50 Is in Paris, making 81 Sc
o." What wonderful meaning some words have with
the bank, and how wonderfully easy is TO make one
transaction count three mes Let put it into
plain English, and what done. The bank bou gh
The bill in Philadelphia, and gave for il 5000 1858 50
she sent to London and il to the Earrings, got her
money returned AMI, doubt nearly all the SIS 600
premium which she had made out Of the Uni ed States
The Earrings the bill TO Paris, and when tue French
Government refused payment the agents the bank re-
turned 10 the Barings the money which had been
from them Now, for my life, can but one advance
by the bank in all this and that Philadelphia
Before the bill presented in Paris, il was sold in Lon
aon ana the very proceeds oil the sale went 10 pay the
bill in Paris. "Bu II the Bank did not advance the mo.
ney twice, she paid iitwice" 0, yes. But for whom
did she pay in Paris, for herself the United Sates
For herself truly, as eDdorscr and she got back once
between the two times. But also gravgiy told
tho two payments amounted TO ,s25,156 OF actually
advanced on account Of ibis bia equal, within less
than $4,000, TO the whole funds Of the Government In
the bank" And yet we find that when $500 600. "tbe
transfer drai added 20 the the credit of the
Treasurer, The 1th Of May, which was about S75u
O0O and The amount Of the French bill was taken from
it, IL left at the credit Of the United States Si3I $50 49,
But will leave this ridiculous, this eposterous claim
set up by the bank, and your attention TO something
than rdcuous-it l. ionable and
mean the demand Of So 900, which the bank moi CON
tent with making $lS 900 premium has claimed dsmage
Tor The non-paymeDt Of the bill by the French Govern
nent This claim is based law of this District al.
the drawer fails TO pay the bill Aud IL s urged upon the
ground that DANA had been claimed by the Gov
against Gir,d when his correspondents had failed to honor
the drafts purchased by the Government.
In the first place. the law intended TO operate
upon the Government, but was intended to fix Certain
among commercial men, and 10 prevent them from prac-
Using frauds each ober, by drawing and selling drafts
when they had 10 right TO expect the drafts would be ho
Dored. Not so with the Government She engages
in commercial transactions, and is always ready and will
ling to pay all reasonable damages incurred by any OF he
citizens in dealing with her, and 10 increase a.,
amount when the contracts operate hardly upon the con
tractors, and they incur losses by them.
But will put this matter upon The best possible foot
ing for the bank and admit that she had legal right Il
claim the damages and again say, the demand is IN
consconable. Let suppose, MIR. Speaker, that you
had dealings and transactions 10 large amount which
would annually produce 500 000 and that your dsbuss
eBts did not exceed so $40 900; that you were Il
propose to the gentleman from Pennsylvania TO become
your banker he agreeing 10 transmit your funds
part OF the U. ). and 10 have the Of your surplus
funds free OF interest," until you should deem IL proper
Withdraw your business from him. Let me suppose tina
you had made large shipment 10 England, and that yo,