Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-03-25

clothed with authority TO take the dcpositos lro ,. Bnk
OF me United States, only when that Bank should be.
come unsafe depository or at the mo when the R,nk
should Tail 10 perform tho services which /, stipulated IN
'or the Govern,nent only state thcsr points
uo NOT mean 10 debate iem at present. only wish TO call
The attention Of the Senate the sequel of the rsnsac
uon.
The Secretary, under the authority Of the rresle,
having difeevd The public monies to be deposited no
longer in the Bana of the United States bu, j., -,
State Banks o hts own selection uudsr formal con.
Tact maue wan theh or rather a,scucd To b, then,
on his dictaon of the terms; and there heinz a the
same 'ne, large balances due IRON IN. Bank OF the
tram Tho so,s "S ireasnry; AMI large balances due
49,. o s,'e.,eu state banks, well as other State
1nhks' 10 The Bans Of the United Stses; the liessury
10y aver The removal of The deposi es, drew transfer
70 Tue amount OF 81 300 900. least in favor OF
e'eeu Sta'e banks, The Bank OF the Uli,cd States
" oe used on certSin contingencies; and this was done
or me avowcd purpose ol enabling these selected S,
pks 10 pay the balances they owed the Bank OF tho
united States, and TO carry on bank ON .r,,,n o H.
'er Tue accommodation Of the community and
,or he proh OF these favored banks. Now look at he
substance OF the transaction, as manifested in ~, ~ wy
operation lake the Manhatan Bank OF New YorS for
example. When 1t presented its check for s.soo oo0 a,
the Bark of the United States il owed h; i,oI slore
and this debt discoun.ed on the anoun,
Ida &c, s now was the balance OF the check paid
n't PoS'uvciy know the faci. yet have doubt of
H. ana pray any gentleman may be better informed
70 correct inc u am wrong: the Bank OF the Uui,cd
STATES gave the hlinbaitan Bank checks on Other SIT
nanSs indebted TO u for the balance OF the Treasury
transfer check; the other State Banks got crsi, ,, a.,
k oil ne United States Tor the amount drawn on them.
ano me Manhattan Bank got credit TO the same a,,o,,,
with the other State Banks. Thus The coten, T ,;
transfer check o 500 900 dollars u,onsy ~ nv, ID ''i
me Ooiied States-were applied 10 the pa,s,en, y, H.,
basaces due from the State banks 70 ,,' III ., .ne
United States applied to the payment of The boI,nco &
, "om me MSnhaan Bank, directly and OF deliberate
anu arp'ec TO the payment Of the balances duo
rom other State Banks, cons, ouenta,Iv in,,J h,
y an meVitsD'e consequence ist any fyro nirht have
cash TO the Manhattan Bank tfat was ien ~ p''r ="
nernmen', a. capital 10 trade on Tor lis nxn rrs,
49,, history Of The Transaction, in respect Of the Msnh.
'n DanS, is ah exact history, also, Of the Treasure ,.
,er cheeKs drawn in favor Of the other s..cJ G.,
VOW VIII any man peiu out to ine the clause in
80 u'on or Laws OF the United States which author
Les congress TO iend The money The People 10 anv .
n.y. pouc or natural, be applied 10 the oaymen, of p,
~ s Jeos or TO he employed capital on And
- sueh power can be implied for Congress bv vbs,
manner oil implication be claimed for the pr.s,n,
Du' the Executive has not only claimed and exa,cs.J
IT,; " e"a tte peoples money 10 these State banks Tor
.' surg oeheh but II has claimed and exercised the
power OF 6orr0,ciHg money; a power esnre.sv and w.
Sus,veiy vested by The Constitutions in Congress For
while The Treasury By authority Of the P,eslsn, ,
lending S2SO0,O00 TO the favored State HANKS ;,,,
any stipulation Tor interest, tho Postmaster Genera. with
OF authority OF law, unless the Presidents
permission or sanction be law, was borrowing ior Lis
Parnent some halt million OF dollars 0be eysS aaomo,
IS ho YET ascerained believe ascertainabIe AZ six
per cent interest Who, tba us6cs or r,yli,tns tcso
transactions, will presume 10 object bere,fe ~ ,n
ud'haridn principles OF construction of the Coos;mn
,h noes o now understand who will venture to DENY
a' e hahu mat holds the sword, has aken possession Of
the purse also, aud claims hold as of ripb,f VII ,
a. he uahger al present TO he apprehended is the
ann'i'a'on OF the powers OF the Executive, WIZ ,"
not see that the Constitution and the vital ,,;nciI 20
ciVi' h0eity are in danger OF being subveieJ; I H.
@ D'i's'h az any time since the Revolution of I6s3
a"y munster OF tbe Crown Ohe King can do no wronpI
mad dared TO assume such powers over the uubc tr
lie would have been mpeached of high crimes and
convicted without dissenting voc. nI
,ha 49,. 10 death upon the scaifold, for happily
.he ,rst Tor blood has been greatly aayed in mnde,
-, 'hc'pacitaed fcrever, to serve in any place
" "us or honor IL is not the interest of the Bank am
con'endng Tor though would tranplc on lis aht.
" aNe away cent OF its properlyii is not The sec,ri,v
OF property, chiefly vital the security of pronsr, -
fhatl vital
''y n1ety are sapPed: Liberty, Liberty is in ieoparv
'hat II Is in jeopardy, it is not ne cessafy to con-
Wno'y acqnit him OF any corruption believe he b.
ro"ng uhaer The impulse Of passion-of passion nm
,ao'e " MS station. His very elevation sIouId go.
him above IT, But will not inoI,irc ;n, IT,; u raise
Wv OF ultimate designs only examine his conduct and
gentleman from Georgia, (Mr KinpA said. vos,or.
day. that he had travelled, during the las, aS~n
nro"gh several States, convcrsing {of counsel with b
fellow Citizen and reading such public ionroy "" n
into his hands; aud that though he had HAIL r, -,
Jeci 10 Tie conduct OF the President as inexpe,eni and
~ % NC nau never seen or heard any objection 10 il
on hc ground mat IT involved Unconstitutional and
Illegal assumption OF power; and he expressed his n;
mon, understood him Alright dat this objection was
,"n w uS'overy male Ivy the gentleman from Ken.
1ncKy near me, (Mr Cay and Grst announced in this
Rouse. am certainly not disposed TO detract ~ IN
rom .he merit OF the gentleman fem Kentucky; but
cannot allow him the whole credit of tIi, d,scov.
though have no doubt he one of The frs, ,b,, J
- ~ conId nor have cost him any pains The pen:Ie
lars ssw ssas was (without any particular detign
lie
a'ed during his travels and ia his ne wspaper readng
eau oy say, mat conversed with no ndi, iuaI on ,
uJee'' VINO uiu MOI either oh ec that the measure wac
OIL usuPa"on OF power by the President or defend him
sans' we ehafgs saw not single ne spaoer-I own
read very iew-,s .!;1 ::o safe I'm oh;lr.f-, IN
10 suTpo or 10 con'u;e H. One press the re was which
ih'maed The opDi that this measure of the
was ho' warranted hy law though il must, in isrice IN
'he eu''o, DC acknowledged, that he at the same Time
sscoeu 'ne most patriotic motives The President and
mas ever since been defending his conduct viii, ali his
sm hc o1' c'on 10 the legality Of il, suppose be-
ingin ms mind quite unmpoItant.
by The way, the gentleman from Georeia gave ne on,
i,ous piece oil criticism l understood him TO intimate
'"d' ,,e speeches oil the gentleman from Ken,urkv near
me, Nr; Cisy) on this subject have been chiefly COM
Posea VI snreds and scraps OF Greek oraions 1 read
''o 'he,h in my youth mean in English ransla
man point OUT single passage in any Greek Grafton a
can give color 10 this charge OF plagiarism? II il hid
Deen said ihai The gentleman from eetucky in giving
ueI"nce 10 me strong conceptions ei his soul and Tie
"c'aeS o. rum ana reason, in that bold glowing Ian.
guage which nothing but zeal for his country and the
VI me master orator oil Greece this whole House ght
nave convicted him. not of the design TO do So hui Of
he TACT oil having done so; and for INV mart I ysh we
had more such plagsrists. 80 ~ "
mo- IN another remark of the gentleman from Geor
ga some reason 10 congratulate myself and him loo thai
OF petersburg, waving all questions as TO
he iegahy and constuiioDalty Of the Presidents pro-
ceedlngs take up the subject on the ground of roiicv
a'oe' anu impute The grievances Of which ibev
70 me errors oil The Executive. The gentleman declar
90 ms oeei, that II the subject had been put ON ina,
ground the deposites would have been tes,oed eav i,
re s',o"' oy majority oil two-ibirds Of both Houses
nave no means OF judging whether his coniectnre l.
coneci; and shall make remark on te nee ji.,i,v
Of lhe admission II implies 10 The SLATE of bs o,,
mino' ana OF lie opinion dsclo of the L. ,d