Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-01-25


was organizing Tor the OF the commun,v tn tSs sh
% ~ M alton into this double abuse Mr. b.
must Mold them To be part and parcel of each o,bor ..i
loans converted into osienble bills OF exchange 70 ra
asury and the Committee of exchange substituted Ior IN.
BOARD oil directors to give color TO the transacio Ill.,
e "ue nature and full extent OF this double and COM
pound violation OF the charter and of the COM
un'y, Mr. b. must now be brief the OF discovery
were waning TO explore the offence and eacb the extent
us ehormity One fact, and one had lust
come 10 light and these he would state to The Senate
neie mr. B produced "a letter which lie said he had
received The night before, written by citizen of ST Lou
49, friend TO the bank, pure man. and for whose state
menis he would vouch The name he could not give.
or o'hers present could join in the avoucb with him The
.e"er was marked confidential! Alhoug i,
TACT oil perfect nooriey and which, in another form had
been partly revealed the Senate ,y the Governmsn.
but III was the name OF the hch was
placed under the seal Of confidence, and which he Mr.
d. had relgously kept in his BOSOM backing it out with
arg drops OF INK, that no accident should ever betray it,
al ,"s1 ne nau not even communicated 10 his respect
s1;e"gne MI Linn) in whose hands he would com
tai Tor the writer forbid it, and forbid il be- s,se he nia
smhs business, the bank or found out that he had
communicated Information TO him, (NIr By although in
us nature public, and before this lime known to ali the
exporters Of produce in the States Missouri and Illinois
, MIR. d. then read the letter. Ii stated iba. the branch
Bank at ST. Louis had Just raised some of lis rates of cr
"shge Oh me east, aud that with respect New Orleans
ihe main place which shippers produce wanted to
sell os 1t would buy none at all that the shippers in
consequence had TO buy from the farmers they could
ana depend upon getting their money brought up from
New Orleans in steamboats,, instead of having bills dis.
mia
anu geng the money in hand pay out TO the farmers
and deray their expenses; and all this when thew were
shipping more flour than in previous years nut to-
gether. ' p w"
Sueh were The contents Of The letter. and now Mr. b.
called upon the Senate recoec ct bat he said few
days before (or this the fourth dav of his
Wheh ne Drought before their notice the insulting degra,
ding, and injurious restriction upon the five western
branches namely that they should purchase no bills OF
within ninety days Mr.. b. denounce ed at the lime he
brought this fact 10 the notice the Senate as part Of
system oil oppression which the Bank was
against the community; that The design was 10 accumulate
o''s at short date, payable in the Atlantic cities where
nPon the heart and centre oil the system of
ca te greatest orce oil the pressure be TO
oear' Tor The purpose Of making panic in the money
market, run upon the local Banks crushing amonp
the merchants, blowing up of the State Banks olloweS
oy general scene OF ruin and Distress Just to let the
people see that they could not lire ,choH The Bank of
me United STATES and TO enable its porites TO gather
up Pmcey FORTUNES from The wrecks Of the c0mtau,i.
~ All this was the design; and he then stated as a con.
sequence oil the tyrannical restriction upon the western
mat shippers and drovers would be prevented
IRON selling bills on New Orleans, or Charleston:
would have to do without money, or get il by selling
bills on the Atlantic cities where they would moi
have funds until alter sales in the South and for
which bills their acceptors, instead being
for short space, heretofore would be screwed and
pressed to the hour for the uitermos, r,hng All this
SAID MI b. Is now proved to be true and the
voice oil true man,-coming from cyond the Mississippi
from - The remote regions and distant border OF the
Missouri and Illinois, through the shippers and exporters
OF her produce are made part Of the victims and the
In
overwheim the country with ruin let the people see
that they cannot lre tcithom the Bank of he IT, Stofes
ana 10 endole nsJduorHes 10 riot ON their spoil.
~ such said Mr. b. has been the progress of the Bank
lie DID mol recapitulate but he had that from The
first 10 the last day Of its existence it had gone on in one
uniform course treating its charter blank in which
lawyers would inscrbe whatever powers thew wanted.
tTampng upon positive limitations, Supplying new now.
ers, expressing the people, and escaping with mpunity
For eighteen years such had been its Of and
victory victorious in so many eases, might proudly
assume the titles of the Cnsar Vicfor LupeTatoy TTi.
unphdor, Semper augustus! But there was one exhi.
bon OF the Caesars which he trusted the Bank would me-
makefhdt If Senate heels! From this career
OF victory the fedeTd al branch the Government Mr.
D. turned 10 the state Governments and saw in their
BILE attitudes much for consolation and more for hone He
saw, in the Empire State of Ew York an indomitabe
enemy TO the Bank! PENNSYLVANIA was returning TO
her pristine principles; OHIO assuming-bad assm-
ed-her natural position at The head of the democracy of
the GREAT WEST! VIRGINIA but he would co no
iHrIher! tie had his fears and his hopes but his hopes
ouweighed his fears and he trusted and believed that
he was not born in sge to witness the last of human de-
gradaions, than that Of Senate heels of Caesar
the Bank when the land heroes saees and patriots the
land oil PATRICK HENRY and THOMAS JEFFERsoN-
the land which rich every grand and glorious reco
iechonwhch was classic in the minds and Of
| American statesmen, should be in chains at the
car oil the Bank OF the United States, or even suyinp
It's purity in meretricous dalliance with that great
Ied harIoi triumphant in so many contests, the Bank
dsdsns TO be satisfied with many escapes from Justice
and comes laundering OF doors for damages for
breach OF contract and Tor an instant the public
money 10 her vaults! She has dismissed Directors;
has possession OF stock; still retained S. O4O and
oil cents OF our deposies the first day OF December
LAST sees all her notes receivable in paymeD the federal
revenue; and not content with all this, and regardless of
the unlaxed use oil annual millions for eighteen years. she
now camors Tor the urn OF the patfy sums which are
TO accrue for the two brief years which she vet has TO
nve and That when nothing, even bearing the name of
Government Directors, has q place in The institution
Mr. Benton repeated this assertion with point and en-
4 phasis, That there Directors even i'm
name, OH the part of the United States i'm the Fe-
deal Bsnk tina, the time Of The had EXPIRED
the new Jear was running on and Directors ap-
pointed; lie said something which iDmated that there
were committees, whose differed ION the tombs of
the CSpules in ilstlsi they buried the living not the
dead! and syerred that the time would come hen he
American people would know that the resident was not
in fault Tor the incredible circumstance that the govern
meni OF the u States had directors al this crisis of
The moneyed affairs OF The country, name i'm
the Bank OF the u. Siats! lie turned to a
resulting from this state Of tngs, aud took stand upon
an argument constantly used by tie advocates for re-
confr0P over the institution. lie read sentence from
speech (Mr Csy) which had just delivered in the
Senate, and which male This ample control the corner
stone Of the argument for the restoration OF these depo-
| sies
| He toifhdrnUs them from a Bank created Bv and
our tohich, The Federal Government had AMPLE CON-
Z troll, and Puts them in other Banks, created bg dr.
| 'Jerent governments, and over tchch IL has CON-
| : TRoLlP
And where is this ample controi2 exclaimed Mr.. b.,
which II Is thus admitted ought 10 have, and thus de
claed that we actually hayei Ist in the directors who
Tor the entire year OF their appointed term, were allowed
10 do nothing, snd hardly permitted TO know any thing
Who are called spes" ibis no.r il there were az
cre in the Bank Of The u. S., TO be kept from the gov.
eminent Of the United States, and the people Of The u
States who are called spies as IL the sentiment dsi-
Hx Tho Dr.e 81 N