Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-01-23
Twenty-tIlird Congress.--Isf Sess
IN SENATE
Tuesday, January z, 1884

THE REMOVAL OF THE DEPOSITEs.
The Senate resumed the consideration the resolutions
submitted by Mr. Clay, on the 26h ultimo.
Mr. Benton continued
Mr. having shown the fallacy OF the pretension sci
up Tor the Bank OF the United States to the honor of re-
storing specie payments, furnishing sound currency
keeping local Banks in order, went on 10 the nex s;a
the picture which had been exhibited the splendid an,
elaborate euogms upon the coDdect of the Bank of M.
United States 1t was his duty he said made go av Ls
course which the discussion had TAKEN to spoil the
coIorng Of that fine picture; and IT, in doing 90 IT,
current OF facts should lea to the moi on
the coloag, but OF the very canvass itself on which h
picture was painted the fau, lie door OF Those
VINO forced him TO do 1t. The Bank had been exhbi,o,
as an Innocent benefcent institution, sustaining The Co
vernment and the country by its funds niusi6g lie an,
Vigor into every branch Of industry; and csrefpII,
guarding the chastity of its own conduct bv keen;no
within the limited sphere OF its appropriate duties .nd
never ranscendng the chartered boundaries OF its
power. al this, he, Mr.. b. had yery different MIC
lure to sxhbi that OF law less ms ton rsmpIiny
is charter and expressing the people from the irs
s Us 'nu epns'any escaping with triumph and
puhiy rom all attempts 10 make il amenable IN the
violated majesty Of the laws In filling un this ,C,
ne would barely refer tonot dwell upon the events ri
miee oiCongress soemnly reported number of bre ache
OF its charter, supported them by volume OF evJonce
ana proposed the issue OF writ of sere facias TO try the
truth OF its allegations The Scire Jacias was resisted
and successfully resisted by the friends of the B,nk mn,
more than about thirty members OF The House of Re,rs
sentaves voted for IL and thus the Bank though Al bat
time young and weak proved itself too Tor the
vernineDS andescGped without trial. from tbe conSe
quences oil its lawless and oppressive conduct 1t tr
umPhed over Congress in the first trial of strength no.
tween them; and developed the system of tactics on which
has ever since conducted its deiences that of
sas upon evidence and depending upon camor and de-
So"h ,hf a,ef Zines and i lac" NJ
present exhibition which the Bank made of ssT t, "
great nooeysc strJed n.,oo,i
and bearing the name Of this grand confederaey Of
utterly unable, or wholly unwilling, TO hello the ronn
Try in brief period OF local and temporsrv d;soa
lie left out the consideration that itself produced ,b a.
ne look Tie institution under its exhibition of
hse as either unable or unwilling (he did moi caro-
which II was only the difference between weaLnos,
'"ckednes and either would show il TO be useless IN
sadthe merchants OF Philadelphia and New York in ,Io
present moment OF peeUDiary pressJpe T,sLIoo ,Is
question upon the assumption that the Baok ia
40 them, what an idea does ii give of the worth
Iessness oil that institution and the foIIv of ali lie 49,
tensions TO aid The Government in time of war NJ @
euy. The Bank is old il has had prosperons rn
rantsI ~ rs oeeh making eleven per upon its
P " coh'a ever give help II surely could now. vet
because the Government has refused TO eonIione H.
"U years longer, which ii has enjoyed Cor eigh-
Teen years me institution is paaIyzed; has 10 curt, js
debts IN al directions, rslsse TO lend Jou ," as
most doieIui cries; and avow total inabiii,v ~ 10 VIC
thIng Tor the merchants until gets acL sai, - a"y
Keeping OF The public moneys! What - IT, nc iu'u'e
knowledge itself useless aud inadenns, w, 70 &C.
pur'hen' rather than aid, TO the Federal Gaveran,
taken on the other foot, that the Bank il ahI
wiling, 70 help the community, position bs T. ,H ao'
ca oy the present possession OF than ten rnii
snd mt her average public deposites for the
woe year 1853 and tBe average for each month of h.
year was about millions and half Of which so IG2 $50
i Ssns we're on hand The frat day Of December
,ss' snd u VIII result that she is not unable bn1 n,cT
ling 10 aid the community. and Mec onI u,,'cu-
sesu o. sweak inhtHtion. ME- b. did moi nusb tbis H.
'urer 70 snow That the Bank actually crealeJ tbe
lie pressure WINCH affects not 10 be able to relieve
re iook her upon her own showine-uoo, a. li,,,,
which she made Of herselfand averrsd il 70 he
10 explode, and TO blow into the skies evsro ,s
wbicP 1t could make to the character Of n,bt' %
o sno" siH more strongly the worthessnsss NJ ,
suuon, 10 being now either unable, or pnwIlinS n
,he community, and its ingrattude Tor past bsoss,
~ ~ would present the sstefnent which had ta'
ossined from the Treasury Department, showing tSs
oePostes snd the annual average deposites Of the
Is's IN ms bank from lie establishment in ia
""ey ieif uo"n % the month Of December, 1888 !