Vandalia Whig and Illinois intelligencer. [volume] (Vandalia, Ill.) 1832-183?, 1834-03-27

means IN tne otner mouse, as a maultcSta-
ton Of the views of the executive, and
having the merit OF being unequivocal, that
the deposites were not to be restored, and
the bank was not to be re-charted. HeI
saw the difficulty attending the proposition
for recharter, but his sense Of duty would
not allow him to shrink from the effort.
Mr. FoRsYTH, in reply, distinctly declared
the terms upon which his support would be
given to the proposed object. To meet his
the rate OF interest must be
reduced to five per cent; the power of the
state governments TO tax the funds of the.
bank in each state. where there are branch
es, must be distinctly recognzed and the
vexed question of the power Of the govern
ment directors, must be distinctly UNDER
stood and admitted to he what the PRESS
dent understood it TO be
TIE DEposITEs The committee Of
Ways and Means have made their report
to the house of representatives., on the SUBJ
ject of the secrctary's report on the rcmov-
al Of the deposltes, and the memorial of
the u S. Bank. A counter report has al
so been presented by Mr.. Blnney from the
minority of the same committee. The
majority report is from the pen Of Mr.
Folk, chairman. As a matter Of course
1t labors 10 sustain the course pursued by
the secretary, and repeats and amplifies
upon his views and charges against the
bank. Its first paragraphs are sufficient to
put the reader on his guard. and notify him
that It's statements and deductions are to
be received with 'many grains Of allows
arce." The writer evidently shows him
self. even in his Introduction, to be under
party bias, and influenced by other mos
tives than those inspired by the facts Of the
case and fairness of argument. The report
concludes by recommending the adoption
Of the following resolutions:
]. Resolved, That the Bank of the
United States ought not TO be rechar-
tered.
2. Resolped, That the public depos,
ties ought not to be restored TO the Bank
of the United States.
3. Resolved, That the State Banks
ought TO be continued rs the places of
deposite of the public money, and that
1t is exPedient for Congress to make fur.
Their provision by law, prescribing the
mode OF selection, the securities to be
taken, and the manner and terms on
which they are TO be employed.
A. ResofOed, That, for the purpose of
ascertalning, as far as practicable, the
cause OF the commercial embarrassment
anddlstress, complained Of by numer-
Gus citizens of the United States, in sun
dry memorials which have been pre-.
scnted to Congress at the present session
and OF inquiring whether the charter of
the Bank of the United States has been
violated, and also what corruptions and
abuses have existed in its management;
whethcrit has used its corporate power,
or money, to control the press to inter.
fere IL politics ,or influence elections; &
whether it has had an agency, through
IT management, or money, in producing
The existing pressure, a Select Commit
Tee be appointed to inspect the books,
and examine into the proceedings of the
SAID Bank; who shall report whether
Inc provisions of the charter have been
violated or not; and also what abuses
or malpractices in the management of
sad Bank; and that the said Commit.
lee be authorized to send for persons and
papers, and to summon and examine
witnesses on oath, and to examine into
the affairs Of the said Bank and bran
ches; and that they are further author
lzed to visit the principle Bank, or any
OF its branches, for the purpose of in.
speeding the books, correspondence, ac-
counts, and other papers connected with
lis management or business; and that.
the said Committee be required to re
port the result of such Investigation, to.
sether with the evidence they may take
At as early a day as practicable.
WIN. JACKSON Esq. has been elected
member of congress from Massacbu-