Vandalia Whig and Illinois intelligencer. [volume] (Vandalia, Ill.) 1832-183?, 1834-06-26

I the public deposites could he safely con.
: tinued in the bank ofthe United States.
: Notwithstanding this vote, the presi
? dent took immediate meas hres to trans
. fer the depostes to the state banks.-
? The character of these measures i.
; known to the house. The undersigned
think themselves safe insayipg that il
, was such rs to cause the directors Of the
. bank the greatest possible inconven-
fence and anxiety. They were regard
ed as men guilty Of the most criminal
malpractices, and justly obnoxious TO
1.-The severest treatment Which il was in
1.-THE power Of the executive to inhict.-
To all that was Officially done, was su.
peradded an unbroken stain Of denun
citation from the government press, and
threats ct purpose to break those
branches Of the bank whid were suppo-
sed to he feeble. At .ea.th, without
previous authentic notice, The deposites
were removed, II short tine before the
assembling of congress. A majority of
members had been elected b the house
Of representatives, in part previous to
the adoption of this meastte, who APP
peared disposed. to sustain the president
in the policy ne had adopted. By this
majority, resolutions were passed ex-
pressive o. their opinion that the bank
ought not to be rechartered, and that
the deposites ought MT TO be restored.
These resolutions were adopted after a
Iprotracted debate OF the general mer-
It's of the controversy, in which, on he
part Of those who sustained the presi-
dent, the most understandable designs
and the most corrupt practices we're
freely ascribed to- those entrusted with
the direction of the bank.
1t was under these circumstances that
the commission of inquiry into the af,
fairs of the bank was instituted. AS
Ear as that inquiry was Of character in
which the bank was, by the charter,
bound to co operate, by Submitting its
books for inspection, the directors have
fully recognized their obligation to do
so; but the undersigned confess they
perceive nothing in the circumstances
that preceded the inquiry which could
furnish an inducemenl to the bank TO go
further than the law requites of them.
By the executive government, and the
majority of the house of congress. their
case had been adjudged. The laws
which the wisdom OF two Iormer con.
gresses enacted for creating United
States banks, and Of which every de-
partment of the government updvr eve
ry administration but the presept, has
Recognized the validity, have hen de
clared unconstitutional. The present
Inquiry was not needed to ascertain, if
the deposlles should be removed; they
Iwsre removed many months before
it was not needed TO ascertain whether
they coulo safely be restored; ,heaouse
thai institutes il has resolved thai they
ought not to he restored. The sereia-
ry OF the treasury is left, without the
instructions of the house, to deoslte
the public funds in any other baW he
may please to select, but the hase OF
Representatives has resolved thatthey
ought not to be deposited in the bank OF
the United States. Although lfe last
congress, by majorities Of both Houses,
decided that tie bank ought bbe re-
chartered and the next congress pay be
of the same opinion, the preset house
of representatives has resolved TO the
contrary, and, therefore, th Inquiry
was not needed to guide Its judgment il
the recharter of the bank. Various
misdemeanors are imputed 10 hose who
direct the bank: but supposinI their de-
lection the object of the INVESTIGATION,
every principle of justice orhlds Al
mode of inquiry, beginning and pro
ceeding in determination. The Only
other legitimate object whichte under.
signed can think Of, is that Of collecting
Information TO guide the Judgment ofthe
house in the question Of new hank, to
be established OH the ruins Of siie pres
ent institution. The directos of the
bank, in the opinion Of the subctibers.
may be safely expected, on all OCCASIONS
to do the duty Of public spirited men TO
. their country; but no principle d pub
lie duty fairly calls upon them 70 GO
further than the law requires then, in
making themselves the subjects Of a
Grim naiory inquisitioD, with veiw TO
build up an institution to discharge that
public trust to which they have been de-
clarcd unfaithlul, by those insti,aling
the inquiry. E