Vandalia Whig and Illinois intelligencer. [volume] (Vandalia, Ill.) 1832-183?, 1834-03-20
POLITICAL.


! POLITICAL.
Extract Of Mr.. Wodoeer'S reyorr on III
letter Of the Secretary Of tie Treasure
| glring reasons for the removal of I'll
Deposites.
The last charge preferred against thu
bank, is, that it has used its means with
view to obtain political power, and thcreb,
secure the renewal of its charter.
The very statement of such ii charge. a.
a reason for removing the deposites, is cal
culated to excite distrusl IN the wisdom anc
proprlety of such measure; because the
charge, too general to be proved, is too gen
eral, also, to be disproved; and since it
must always rest mainly on mere opinion,
it might be made at any time, by any Sec
rotary, against any bank 1t would be
therefore, always convenient cloak under
which to disguise the true motives of Off
cial conduct.
If proof be made out that the funds of
the bank have been applied to illegal oh
jects, the proper mode of redress and pun
ishmen. should have been adopted, but
whet has this to do with the deposites? As
in case of The French bill, the Secretary
'"'uo' JUSTLY 'iie ie,''''aio Vi 'ne ,ePosi'es
oh any such gF"ohos as s'iis' u''ess II ne
conceded that he may use the power of re-
moval as punishment for any offence Of
any kind which the bank, in his opinion,
",ay nave co'''iiii,'eu' ne coli,''i''ee na'e
"iieauy eAPresseu .ha' no su'n '''''uue "
po|of 'e'oi'ss 70 MN. aho 'ho assei.io'' ''
'"Cn po"e'' iD' 'u0,' oa"'e ue - "o"
'""e. oo"7'uo'a',o"' e"'"' ,nu' '"o power
on " NV .. ~ oe'o " Any $1,000 ~ We
I@s1 Wy 800, D =. o.ana;sd : -
p,Nr ,,eou,,,,' ~ dafn;,;nn dapI; ou
i,. ,hp Saora,,.u,a ''n.n; nen S
ao..sr;,1 dra,r;nr into ;,s cdns,da,a,; "u ~
,ha ax.;,;n, oontronar,oJ go or Nv H.. u'
w. ha,L :, -, sd essaa 1 70 ."I 90!
,,I;,;.aI.,, - WI, :, ~ dsss 80 - -.
',oh an t4anne &c ,b;sq WI an,a ~ -
st;tr,e IN VIVA, nnnisbmen, chill f,I,,rv
cn,,;ctinn9 All mnst see ,ba, nharaas ~ of
th;s n,,rre nv. hut loo.e nd 80 "
go, ,,h;qh ~, -, 1eeu'N :,
oa, ,srar NO s;,han nronaa Guy :.nio' anu
nd ~ sdm;, ,hs,n -. l., G.eu 81 olspiosea
;,st;f, tho ror,oy,l of ,h,, donI.is,,.
he IN copcede to the Secre,arr ,ho n,ssas,
ion Of a power purely arbitrary
The main fac, relied on for his CAUSE Of
removal shows how extremely unsafe all
proceedings on any such reasons musf he
The main fac, is, that between Decemher
1850, and December 1881 the bank evten
ded its loans twenty millions of dollars
and il is further alieGed that. as if To laava
no doubt of the MOVIES of this extra ora;nao
nv conduct. it continued TO ada randy 70
its loans. until in Nav. 1890 Wills it, no
tition for renewal was pendinc. those loans
amounted to seventy m;ll;ons And the
Secretary declares that This extraordinary
increase of loans made IN so short a space
of time. and ON the eve IF =, con,es,ed a,ec
ton IN which the bank took an omen and
direct interest. demonstrates that :, was
using its money to Obtain hold unon The
people of the country. to induce them. nv
The apprehension of ruin to vote against
the candidate when it desired TO defeat
1t is but the Secretary own inllruuue from
facts, from which very facts his predeces>
sors in office have drawn no such conclu-
sions.
This great extension of the loans, be it