The Rhode-Island Republican. [volume] (Newport, R.I.) 1809-1841, 1834-03-05


Ii appears to me said Mr.. p. my col.
league was rather unfortunate in bring.
ing to our view these men, as the only
two men who supported the President,
who attended a meeting composed of all
parties. Were there no other promIn-
ent Jacksonmen who attended this NEE
ling unfortunate, because one Of these
men, with his family connexions, had a
large interest in the stock of the Unite
States Bank, branch of which is loca.
ted in the city of Providence. and who
had always been in favor of that institu.
ton, and the other was probably a stock
holder to a very considerable amount
unfortunate, because both are now Pre-
sidents of banks in the city of Provid-
ence, which had applied for these de-
posites. agree that these considera-
lions could not influence these men,
both highly respectable, and as an intel
ligent merchant, one has not his superi.
or in this. and perhaps not in any coun-
try. have thought it not improper, as
they have been named, to put into this
discussion such facts as are within my
knowledge.
With regard to the embarrassment
and distress said to exist in the city of
Providence, he could then say, that al
though such might be the fact to a GER
tain extent, the language of this and all
other memorials must be taken with
some grains Of allowance.
He (Mr. Pearce) had heard a voice
from home. and it was a voice to which
he paid great respect, and the language
it uttered was, decision, decision, decis-
ion he joined in that voice. If the
Government deposites were to be restor-
ed, let them be restored if they were
to remain where they were, let them re-
main. The cry Of the people was,-
Leave US uninfluenced by hope or fear
let us know our fate. If this question
had, as it ought to have been, if it had
been settled the first week Of our session
did gentlemen believe there would have
been at this time, either difficulty or az
itation in the country
He thought indeed, that the existence
of these things was owing in no small
degree to their proceedings in this House.
Who have protracted this debate u? and
who have repeatedly shown dispositions
to bring it to a close ? These questions
the people will answer.
Is there any scarcity Of money in the
country, with specie pouring in upon us
every day, and none leaving us Is the
credi; of the Government impaired .
Let proposals be published for Gov
ernmen, loan for fifty millions Of dollar 8,
and every cent of it would be taken in
three days, yes in three hours, even at a
premium of less than six per cent. Sir,
there wouldbe rush for it, such an one
as there was in Philadelphia, not long
ago, for stock in the Girard Bank, and
such an one as there is often in the
State Of New York, when Commission
ers open the books for subscriptions for
Bank stock. He submitted to the
House, that the present state of things.
whatever it might be, arose out of our
long and tedious debates, our inhamma-
tory speeches, and our want of decison;
and no small share of the blame, there
fore, might well he ascrbed to the pro-
ceedings in this House.
Mr.. burgess regretted the occa-
sion IN which he was necessarily brought
into collision with his colleague, a gentle
man who came from the State, and with
whom he had ever held the most friendly
relations. By that gentleman, however.
he had been met with a flat contradiction
before the house and, above all, it was
in regard to men for whom he (Mr. b.
had such an esteem, men for whom he
would wager so mueh. For my own
colleague, (said Mr.. b. before this
House, to question my representations
and testimony as to these men, whom !
SO well know-whom my colleague so
well knows-men whose integrity has
never yet during any portion of their
lives, been at all questioned by any man
no, not even by the most suspicious
IS to me astonishing. A year ago, aud
my colleague would have gone through a
flaming world IN defence of tho charac-
ers of these men,
The SPEAKER said such remarks
" ere not in order.
Mr.. BURGES said he meant no dis.
respect to his colleague. He was not in
he habit of speaking disrespectfulIy of
my ore but he was speaking then for
nls neighbors and he wished to show
hat men whom he was proud to call his
friends had no sinister views. Although
t was true that the gentlemen alluded to
we're interested in bank, it ,ods true,
hey had much property and great in
crest in many Banks, bu! he heped
hat it would no. be considered as a ne
,essary consequence of possessing such
that they would make mis-
Mr.. Ives connexions
Al ID n-ro sAnnI LoI Lore L., th.,