Vandalia Whig and Illinois intelligencer. [volume] (Vandalia, Ill.) 1832-183?, 1834-06-26


he committee, if they deemed it expedi
mt, to act on that reservation. All the OH !
iections, therefore, which lie to an er partf
Inspection in the banking house, hald with
'qaal force to an er parte inspection on
II it.
In addition to this, the requisition of tn
'poks, to be carried away from the bank
'ng house, appeared to the undersigned. f.
'ther reasons, of an inadmissible charac-
ter. 1t was to take them away from the
'ace where the important interests of the
'ank require them to be, and to be used
II was to expose them to the risks of trans
Dortation through The streets, and detention
~ private rooms, not constructed for IN. Z
ate preservation of valuable papers. While
Is the constant practne of individuals t,
leposit for safe keeping valuable books apd
'hpers in the vaults of the bank, the bank
Vas required to move Its own books and
aPers, containing the evidence Of pecuni-
Try transactions to the amount Of several
hundreds Of millions of dollars annually,
olhe committees room in the North Amer
can hotel, a public house of great resor,
IN Philadelphia. The undersigned oppos.
I'd this requisition, from the belief that i,
vas totally beyond the authority of the
house; and they should have deeply regret
ed acceptance with it by the bank, which
would have deyolved on the committee the
care and responsibility Of deposite SO del
,cate and valuable.
By the 23d section of the charter, when
ever scire facids against the bank is su
I'd out Of the circuit court Of Pennsylvania,
| it shall be 'slawful for the court, in exam
ming into the truth of the alleged violation
nf the charter, to require the production Of
such of the hooks Of the bank as il NAV
deem necessary to the ascertainment of the
coniroverted facts.n This is the only case
in which the contract between the govern
ment and the stockholders authorizes a re
'Iquls'Iion of the books, and this cautious
authority, granted by law to one of the
high Judicial tribunals of the country, on
an examination into an alleged violation of
the Charter, 20 require the production of
he books which it may deem necessary to
he ascsrtainment of controverted facts,
Sufficiently disproves by exclusion, the
grant of any similar or additional power,
ITH,t the house IF renrssn,a,;vas ;nda
tpeiiden, IF The charter has r;ah, h., an,
Of its committees. to req. lire the nrndnc,;n,
of any or all of the hooks of ,hs h,nL a,
the lodgings of said commi,tee or anv
where else. the undersigned cannot br;ng
themselves to admit. A. all events as ~,
authoritative form was given 10 the requi-
stion, the directors, in Respectfully dec1;n-
ing to comply, are Of course puiItv of M
contempt Of the house.
d. After tho d;rao,,u, &c a., -,
declined q con,n,ianoa iii us s oa"A ."o
IF their booLs ~ he nrod,".a Nv ~
American hotel ,hs con,n;,,.a &c &c "
CATION. on the 5,b NJ NJ, aa,..,,aa
in,inn (sea n ,.nn,a,, aN - Iu.p,eu .e''
repair TO the banLina housa " ., aoy . "Iu'u
Of that dav To ;nsnec, ,ha haaLs e sa'. oa
IN the resolution of he oa,h "a s, peI ",h
ers as thew m;ght rsun;re ~ no n. u = o
A copv Of this resolution was I p' - u, ,hc
chairman Of the comm;,,se rs ,ha d d. '
tors. but reached him a, his 4 sa,, H." h",,sa
a, a time when The comn;,,sa ,.r ,hS d, "us
,nrs ,yas ,ot in soss;on .na 49,. c ~" "
fare tbs hour named in Tho ,esoI,,;on ~ *
comm;,,.e rs ;nyest;g,,;on IT.. ;,nmo;;-
,,siv ;ne,..,od ~. c6,;rn,., IS H. 49,,
,n,tiee of Tho h,ns. hv le,,e, ,h., !, ,.n"id
ha ;m,rao,;oah,. - ,assss,,hla ~. 49," 49,,
mi,tee Of the directors n season to sub,m;,
the hnnks for ;nsnoc,;,n ~, d.v h,,, N.