Herald of the times. [volume] (Newport, R.I.) 1830-1846, 1834-12-25
10,041,Gi6 II
6,005,3l5 II
$4,O39,330 40

After making this very satisfactory state.
ment of the affairs of the Bank,-adverting to
the manner in which its credit had been as
sailed, and by the Government too, (the larg-
est partner in the Bank,) the committee say
that it is in the highest degree questionable,
whether any other institution could have
withstood such systematic assault,-much
less have prospered under it. The result of
which, as evinced by the above statement on
ly shows (the committee say) how deep root
ed was the public confidence in the solvency
of the institution, and how high the opinion
entertained of the ability with which its af-
fairs have been administered.
The Report next proceeds to take up, and
treat at large, each of the other particular
points on which the conduct of the Bank has
at any time, or from any respectable quarter,
been mpllcated-giving ample testimony on
each case, to sustain the conclusions at which
the committee had arrived. These points
were too numerous to be stated in detail from
memory, but we may enumerate as the most
paramount, the following:
The case of the protested French bill of eX-
change, in which the course adopted by the
Bank to bring the question before Judicial
tribunal, for fair and legal decision, is ap-
proved and sustained by the committee,-as
well as the just right of the Bank to damages
on the bill in question.
The allegation against the Bank of having
multiplied its Branches for the purpose of in
fluencing public sentiment: showing, from
authentic documents, that the Bank had es-
tabllshed Branches only where the business
of the community had justified it; that in
many of these cases, the influence of the
,fxt k.1 II
ed for years, where the creation of Branches
had been urged-especially in the case Of
Nashville-and thirty or forty cases, we
should think, in various States, are particu-
larized, in which the establishment Of branch
es has been refused to the present day though
pressed by great numbers of the most respec-
table citizens, because the business of those
places did not warrant them; and from the
facts exhibited, the Report expresses the
opinion that, so far from establishing branch
es where they were not needed by the COM
mcrce Of the community, if the Bank had
yielded to the urgent solicitations from eve
ry quarter, il would have established them all
IN Eniiim.
The charge Of lending .Non,yto Members of
Congress, and other public men, for political
which il shows to be unsustained
Loans TO Editors, in which it gives a mass
of detail, showing the groundcssncss ofmuch
of the slang Of the day OH that subject.
There are many other points Of minor
character, occupying large space in the re-
port, on most of which, the conduct of the
Bank is shown to have been perfectly cor
rect aud some in which it is dsapproved.
The reading of the Report having been
finished, MIR Tyler moved that it be printed;
when Mr Benton rose, and, with much vehc-
menco, and at considerable length, contro-
verted the correctness Of some Of its state
ments, which he pronounced false. \
Mr. Tyler replied, and avcrrcd, in the most
solemn manner the truth of every title Of the
Report; all the statements of which, he said,
were founded on documents Submitted with
the Rcport,) which could not lie. /,
Having thus briefly run our hand over the