Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-01-16

be seen, tha ali res, power was in the committees ,h.,
ne acls were 1ehnve that they did not report
o nosru, a"d that IRON these Committees the Govern
ent Directors vigorously aud systematically ex.
Ttudeds The exclusion OF these Directors being es.
aehshed by proof Mr. H. would ask what became Of the
national Feature OF tss Bank He would ask wha, WAS
LETT except the name, and the use OF the publc do
poses. to Distinguish it from the local Banks. The Co
Nernnent directors were appointed 30 represent the stock
of the United States, which was one. filth of the c,n,s
they constituted la number fifth Of the whole
1879, , mey oeived Their appointment from the
IRON the nomination OF the President OF the Uni,ed
anu ne appreciation oil the Senate. They had not only
e osk OF inc United States TO represen, but other
great Interests to watch over Tn. pubic deposi,es
"'o"niog 10 an average Of six and half Millions gave
i,anL ~, S'es . new ineres' 70 'ha' amount IN the
nank. The receivabity OF the notes OF the Bank in
payment OF all public dues gave her another interest in
me circulation and general nsgenent OF the ns,u.
Won, 10 the an cunt Ut all The notes annually received i'm
payment OF the revenue, AMI which might amoun, to ten
or dozen millions more. To guard these great inter
esu tue government oil the United States, in granting
charer 10 the Bank, reserved the right of apno;ng
hve directors; and this right, thus reserved has bess
careuy exercised by every admits ration from The es
aohshn'ent oil the Bank the present ,av II has been
duly exercised by President jackso. AMI now I'M, ia
he result! These Directors, totally excluded from all
e rea business oil the Bank, left without the
"sahs OF knowing what done. Here was a clear
preach and violation OF the charter; open nsul, to the
res"ent and Ssnste aud high contempt the forms
and principles OF Government whose or
were thus set aside. II was dissolution of the come
Ion between the Government and the Bank: il wa, nm.
extinction OF the only national feature in the institution il
n
pesites Ii amounts this-that for one entire wear the
government OF the United States in open breach of the
cner' mas been deprived OF her one,h part OF tho adj
mstraton oil the affairs of the Bank; Tor the entire term
LOT when the Directors were appointed; and submitted
TO- would authorize the Bank to exclude the Government
III toto IN all time come from aAy share i'm the
ment oil the Bank What excuse has been yven far lii
aeW ny the Bank Directors themselves, none; but by
ne senator from Kentucky (Mr Ciay) it is ntiinated .
hey are uu Tor their stations that the Bank SETS itself
above the constituted authorities, judges the appoint
mems which II makes; and sets them aside when no,
suited IN the choice Of Directors in ,h
Soee OF those who to represent the interests of the
c"ea STATES: and 1t the President and Senate presume
W make appointments contrary to her WILL they will be set
ssue anu hulihed Mr. b. said there no need of fur
her testimony on this head The fact OF total
and systematic exclusion of the Government Drrctor
rom the business OF the Bank, fully established H
tMr 81 thought IT, of ITSELF sufficient reason for with
no'uns an confidence from the Bank in future So
.housh The President and Secretary Of the Treasury An,
cur in their opinion. 'N WI"