Litchfield enquirer., 1834-03-20

produce the kke results, tcann0t doubt that the time Is not far distant if this policy should
 be pursued, when all the evils now apprehen- ded will he most disiressingly realized. Hon ora6te Senators, however, seem unwilling to admit, that the evils, of which the people complain, have resulted from the Ineasures of the Government. They say that the Bank has produced the distress. by applying it's screws to tie people. have sought in vain for the, evidence to sustain this grave charge. | 6nd that tie Government has withdrawn from the Bank but eight or nine millions of dOllaFs--f aO not pretend fO speak with pre- else aceuracy-and that the Bank has called in from its debtors about ahe same amOnnt.
 Do the gentlemen suppose that the Directors,
 acting like discreet men, could remain silent and suffer the Bank t0 De ruinedl How dO gentlemen suppose the Bank cuuld pay its
 debts without calling On it's debtors to enable il to do 80? Yhe Government have suddenly
 withdrawn frOGh the Bank the large amount stated. and the Bank is called a monster for
 being prepared to meet the call. The truth is. every body must hndeEsiaad{he Bank had
 not called ir from it's debtors an amount equal tosthat wlifcii had been: SO uneeFemoniously
 withdrawn from its vaults. When fhe Bank. calls on it's debtors to, pay eight millions,s a
 considerable portion wilt, of cOurse, he paid
 in deposites and iDn0tes,of the Bank. lpre-,
 snsne, therefore, in calling in eight millions,
 She Bank could not be furnished with availa-
 ble funds to meet ns0re than half the amount
 so withdrawn. To meet the call of the Gov
 eFnmeBt for eight millions, the Bank would
 be compelled t0 call on its debtors for much larger amount, probably sixteen millions. kn this view of the subject. it appears to me the Bank has conducted with great leniiy. Some gentlemen seem tO have imbibed the idea, that it was the object of the Bank to invoke the whnle country in ruin. Ihave not been able to find a single tact to sappcrtthis charge ItwOuld, indeed, require strong evidence to convince me that the Directors of this Bank, with an indebtedness to them from the busi- ness men of the country of about 60 millions. would enter into conspiracy to destroy their debtors and the whole community. and thus involve themselves in utter ruin. Every mo-
 tive which was ever supposed to .actuate men,
 is in relntation 0f such an idea. Il might be induced to believe that body of men could
 be so wicked as to combine to destroy others,
 but it would take much to convince me that
 they would sb coalesce to destroy themselves.
 It is urged, again, that the Bank has gross ly offendedby going into the business sf Pres. ident making. as it is called. ! have already alluded to this subject, and have elacidated the motive of tiic Bank in causing certain
 pamphlets and speeches t0 be printtd; and ! think they have already experienced the ben eft of enliyhtenihg the public mind tn regard to their situation! It is by this means the Bank has saved itself from rniu,,by tho sud
 den act ofthe Government. But'if thr Bank
 was really guilty bf improper cOndnet. the charter had provided remedy by ScireJact0s. The President or Congress might have order ed the writ. The Bank, them would have had fair trial before a jury; if found guilty, the charter would have been decreed' fOrfefte ed; hut. without judge or jury, the Bank IS now condemned. In other words, the Presi- dent is accuser, judge. juror. and executioner. This state of the case shows rather more power than should rrlish any where. A. gain: if the President does not choose to a-" dopt the legal remedy, and try the Bank. on account of the shoftness 0f its existence, is 1t not strange that it should never have occur red to him that humanity seemed to require that little time should be allowed the Bank to make preparation for death? Nothing, 1t seems, would satisfy him, but an instantsns. ous and a violent death. Again :I should require some evidence to convince nay mind that these Directors have engaged in Presi- dent making. If they have been charged with a design to make fat dividends. as had been alleged, or that theit whole powers were en. gagrdi in money making, l should more read. fly Believe such a charge, because should know that the prevailing prepensities of such men would he more likely to lead to such result. The Directors of Banks are not gen. orally found engaged in party conflicts, or in President making they are usually Oceupi- ed in looking after theiT debts, and making to their stockholders. A very diff ferent class of men are foyhd engaged in Pres dent-making- men who are too lazy to work. and who wish to live by office. Suppose you should observe miser intent 0n counting his bags of gold. would it ever occur to you that the mans mind was intent on President nsk- ing, or on any but the one absorbing topic ! WitbOut detainine inc Senate any longer on these points, think it is sufficiently apparent that great distress prevails. and that this dis tress has been brought upon the country by the removal oC the public depositcs.
 now wish to examine the evidence which is before the Senate and she country, as to the tvpe reason which has caused such widespread r6in. shalRot go intO the examiaaon ofike reasons which the Sec- reiasy has assigned for the measure Those reasons belong to the discussion the resolutions Oele bOn orable Senmor from keBaucky, which had already occupied eo much time. have eOusidered the exaGl. inaiion Of those reasons of imponahee, becanse consider t clear that the Secretary in carrying this measure into edect, was not governed by any one of them. do not wish 60 consume time in examining us, could' have bad So influence on the measore.- yh0ge reasoaa may divert inc public mind from the