Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-01-25
10 rHs EDITORS Of THs kNoUfAsR.
Cey>deMSed ouf Of their 0tOn moufks!

THE BANK. q.
Constituency ~ come Of fhe an Jackson, Sya. State
,SRighfs Bank
" Unaufhorissd dssHmption Of posoer'' By General
Jaekson's ucessers IN the House Of Delegates.
EXTRACT from a report made to Congress 6y the HON.
John Floyd. (noo Governor Of Vfreinio IL relation
To- the charge: made by .Mnian Ed,gerds. againss
M: Crascford. then Secretary Of the 2Seasvy.
The Committee does not perceive any thing In the
principal Of these arrangements with the Bsnks either
In violation Of law contrary 10 the ussges Of the
vsrnmsn, since tho Treasury has Tor many years. had
"the public monies were deposited in such Banks. aud
&c drawn from them when wanted; certain terms end
4" conditions ~ to the mode OF drawing, being spu.
"l.ed. such were thought beneficial both to the
Treasury and the Banks. Indeed, Il may be proper
TO observe here, that 1t to have been assumed
by different officers at tho head OF the Treasury De-
pertinent, that their duty direct s operations
TO tho suP.'or Of different moneyed institutions, when.
ever their affairs required surpp to defeat eomb
nations against te and preserve equilibrium oil
" dit among them"
Among the Banks, with which these M eocistions
particularly. to the Farmers. and Mschsniss Bank OF
Cincinnati. the Bank Of Chlcohe, aud the branch Of
:" the State Bank OF Kentucky at Louisville. forming
the subject OF charge that apply the oihsrs
In tho several places where these Banks we're situated
the Bank OF the United States had Offices OF discount
and deposic. and the Law incorpora ing that institution
~ has been before observed, an obligation on
the Treasury Of tho United States to ice them az places
Of deposit, In preference any other suks ur,ess
the Secretary shall. for special reasons, otherwise d
rect ad IN mat case, such shall be laid before
Congress at Its then session. The charge 10,
that no such communication made to Cmsgrsss.
This omission 70 acknowledged by the Secretary who
says owingeo in.dveTtence and that the insen.
ton to the provson of the law unipp orsn mas
much ss the provision intended obviously for tho
benefit OF The Bank, and the Bank had full notice. The
notorety of the fact, also relied on show that no
improper conduct desirc TO conceal it, produced the
{" OMISSION" - sh. ~
The committee sees no reason TO doubt the statement
or to attribute any improper motive the Secretary
The following arc extracts, from Mr.. Crawford Official
letters. &c. N So =
q Vcst.. st. A., - n
- The right to withdraw the deposites, with view to
equsize the benefits resulting them amongst the
!" banking community, as the situation Of the several
" bsnks might require, was expressly reserved"
From same, page 49," Instructed by the President of
the United States. have instructed the Treasurer or
" tho United States, to draw upon The Banks Of New
" York. with which the public money IL Deposited and
generally through tho United States, 10 favour Of the
" Bank Of tho United States for the amount Of The public
" money deposited 10 those Banks I"
Letter TO the Bank OF the United States Feb 18TH 1877
% There can he objection the Board Of Direetors
:. m.kins propositions to the State Banks sOhieh shall be
winch will he submitted to the President for his ui.
I" mate decision."
Extracted from the postscript Of an official letter from
the same The Secretary Of the Treasury, will always
be disposed support the credit OF the Sate Banks AID
will invariably direct transfers from the deposit Of the
90 maintain their credit. >
MEssRs. EDIroRs:-I have asserted, that Gen. lack.
and tbs Secretary Of the Treasury have el.imed
nothing done nothing, which has not been claimed and
done by their predecesso The foregoing extracts arc
intended prove the correctness Of this assertion. Othsr
just conclusive, might be quoted-but these are su
cient, genuine Just let enquire Of you, whether
they are genuine'
Let me further enquire, whether Mr.. Crawford did not
over and again. whilst acting Secretary OF the
Treasury, claim least much power over the depe
sites as Mr. fancy has claimed!
Did not Mr.. Crawford, more than once. acknowledge
the right oil the President TO supervise his aes in relation
TO the deposites?
Permit me to enquire further, whether these rights and
these powers Of the and were ever call
ed stiOn, by the Bank nv
or by the Legislature OF Virginia, until recently! Whe
Their Governor Floyd was not the steadfss friend Of Mr.
Crawford! And whether he and Others who are now
endeavorng TO damn Mr.. fancy and Gen. Jackson did
not directly sanction the very which they are
now denouncng?
make these enquiries Of you, Messrs. Editors because
you have the means Of asceanng the acts and because
the assailants of the President and his Secretary when
driven from their positions, in habit boldly
nying every thing quoted upon ihem by calling in ques
ton the veracty OF the paper from which you quote
II boldly maintained, that the President
right whatever 10 exercise any sort Of control the
Secretary in relation TO the Deposites do intend
argue the constitutional because DO believe
President will just remark, that il this position be
rect the Secretary may do what he psases the public
monies before the Presidents eyes, and that, far
ates TO the danger TO be apprehended from improper
deposition OF them. cannot, for the life Of me,
that danger IL essened by thus giving them up the
Secretary Of the Treasury rather than condng the
TO him. subject to the control of the President
" heher the President has improperly exercised his
constitutional power.is question which will admit Of de.
DATE nave aumitteu, mat owing TO inc circumstances
under which he acted the propriey Of his might
well be questioned. But my MUD, its propriey i'm
propicty. is question which sinks into utter n.ignf.
when conrased with the abuses Of the Bank and
the dangers to be appreheaded from that Institution. To
restore the deposes, for the purpose couaeracng this
improperly on the part OF the President, is Than
dumping out OF the frying-p into the fire.
The Bank OF the United States has now more power
than the President OF the United States Will Mr. Clay
deny that? think he asserted u in l8il when the
psl was only ten millions, instead Of thirty Eve millions.
But, enough Of Mr. Clay and Gov. Floyd!
word or two as TO the House OF Delegates OF Virgil
mia. majority Of them voted the other day. for
sentdpes in Congress, "o adopt prompt and efficient
measures to remedy the euifs Ocedsioned late
authorised assumption Of po,cer by the Predenf, oper
the public monies If the United States -
| would most respectfully enquire, how many Of those
Deegaies constituting this majority, authorized by
their constituents to give any such instructions Sc
naorsi Have not these iseaed Representatives Of the
poweri"
Sirs unless the humble writer OF this communicate
Is greatly mistaken. there s at least county, whose
delegates voted Tor these instructions, which has not only
not authorized any such instructions, but will deci-
dedIy Gisappiove them: county, which will sustain
General Jackson against the Bank, his the
trary notwithstanding.
repeat, Messrs Editors that IL the real sentiments and
opinions Of the great body oour people, truly
by their representatives. the Bank men, the Nationals and
NuIl6ers would not be shouting for victory, singing
the praises Of the "Od Dominion On the contrary,
"srsigh politicians "bde bound radicals, "msn
worsippers," "coar-meB," "stuh about State rights,
&c. &c. sc.
But, our Delegates declare the Bank TO be uneen-
stituoDal they cannot sanction its rechsrfer; Oh no
They must preach right; they mus, talk in favor OF the