Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1834-03-25

larger than on the 1st October, aIthon9b ulle
interim Sc, 743, 600 Of public deposites On III the
drawn. In connection with this tonic - :. with
ly and sagaciousy remarked by the c. rs Just
strange inconsistency, that the remn'ilI
the deposites is justified, as necessary ~ 'di Of
pei the Bank to lessen its circulation o " con-
sequently its discounts and in the same ~. uoh'
as called for because the Bank had cprtaileS S'N
Nor was the alleged necessity of withSrneeu'~
the Deposites from the United States Raahins
order to prepare substitutes for its notes i; "a IN
of State Banks, borne out by the fact s;no aoSe
the simple circumstances of their beno ~ Il
able in payment by the Government W. 'eeeiF'
Secretary contends, all-sufficient to ini % lhe
peror credit to any bank notes. an act PS ST.
gress, investing those of the selected y ~ ION
with such privilege, might have been n nalkS
at any moment previous to the Terminate e1
the charter. And here again we must a ~ 10 o.
| hazard even of wearying our readers I ", Tie
another passage from the report When y GIo,s
ring to such an act 1t says, " 1t is not quite co
tain that the Executive is not of oninion t "
this viz making local Banks notes recai,anI taa
public payments may be done by his sole a aI''I ~
rity, and without any Legislative sanction "'a9
anxious Wish and design TO coace0troio IN IN
powers Of Government IN that depar,mnnt" ne
TO subject the pubic purse, the currencu onJ o =,
commerce Of the country to THE WILL or o T,1 M'
is apparent throughout all the arounen,, aAA,
acts Of the administration, in reIqtion T., % G'a
subject" justification alleged for tbe ;n' ~a'
date removal of the Depostes, on the pronr4
of the curtalment Of the United States o Rani
is met by the fact, that this curtaiIment onS,
commenced after the Presidents agent had -.
out on his tour to make preparatory arranco
ments Tor the removal-and would have CEASE
of course, if the plan had been abandonaJ'
N ,o;o 81
taments by State Banks, previous to tho u.
October, so much dwelt on by the Secretayy o ~,
shown to have had no existence in Ner w
since the discounts were larger at that NONE,
than at either OF three previous periods in the
same year. In his assumption too that the Man.,
York banks would on 1st October be indah,o3
| q million and q half of dollars to the Rr9ncI
payment Of which it was apprehended wonId5 he
called for, the Secretary is proved to be eons1
ly wrong, since the balance on that dav dne n
the Branch was less than sir hundred and ina
thousand dollars, and no demand for payment
was made or unprecedented The extent Of tho
evil which has resulted from the removal offe
depostes, the report expresses the beieCthattbo
Executive did not foresee. though inst obiecton
is made that such an act should have been nm
dertaken without any single effort to obtain The
opinions OF practical men on its probable eff
fects; but it is well added if there is an ey
cuse for want of foresight, no apology can be
found for obstinatey perseverng in an errone
Gus course, after the error had been discovered
and the fatal effects Of the measure had be-
come undeniable"
After the reading of this Report the followine
Resolutions, sent to the Meeting by Albert Gal
latin, Esq. were proposed in his absence by join
A. Stevens, ESQ.,
bot 49, Z
monies from the place where they were bylaw
deposited and declared by late vote of Con-
gress to be perfectly safe, in virtue Of the sole
order of the President issued only two months
before that body was again to assemble and
with the avoWed object of being enabled there
by to interpose his veto, if Congress persisted
its opinion;
The unexampled interference with the Officer
to whom the public purse is entrusted. in the
performance of duties by law exclusively assign.
ed to that officer;
The appointment, during the recess OF the Sc
nate, Of temporary officer, for the special pur
pose OF doing an act, which no Secretary ofAe
Treasury regularly appointed with the advice
and consent Of the Senate would have perform
ed
Are an abuse of the powers vested by the Con
stltutlon in the President, and encrOachmenS
upon the legislative authority Of Congress, upon
the laws and upon the constitutional paItIcIm
ton OF the Senate in appointments to Office
which, unless arrested, must give to the Pres
dent alone, the exclusive control over the pubic
purse, over the currency, and over private and
public credit
2. Resolved, That these acts and Others OF
similar description; the frequent and indiscnm-
nate use Of the Presidents Veto; his belief IN h'
own infaljbility; his fixed determination thai
His will alone shall govern; the avoWal tDa~
whatever that may be, He must at all events De
sustained; or in other words "thatthe kngcM
do no wrong" the substitution of the worship a."
man TOR our ancient notions OF entire TeeooD.
of opinion and love of liberty; are subverSVeG
the principles of our institutions and tend A"
mately, leaving us hardly the name and ioIs
OF Republic, to convert it substantially LN""
Monarchy
3. ResoIUed, That there is redeemlng SpI.
in our free and glorious institutions when gual
antees their perpetuity: and that for the hueSD%
only remedy, and with perfect conWcuoans |"
ultimate success, we fearlessly appeal 10 ~
People of the United States" our and then o"'
legitimate Sovereign.
These resolutions were unanimously pas's'
and after giving three cheers for the Coll'""
ton and the laws, the meeting adjourned
~ We have lying before us the able oPSs
of Mr.. Leigh, made in the Senate on MI We
ster'S Bill to recharter the Bank-and the -