Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1835-03-31
TUESDAY,, MIR CK13 81, 1896.


so as to increase the demand for money there at the
same time the branch in New Orleans forbid to pur
chase single bill in any part of the valley of the Mis-
sssppi This prohibition for two purposes; first, TO
oreak up exchange, and next To make money scarce IN
new Orleans, in default of bills of exchange silver
would be shipped and the shipping of silver would make
pressure upon all the local banks To help out this
operation, MIR Is said must be well and continually
remembered that the Bank Of the United States itself
ABDUCTED about million and quarter of hard dollars
from New Orleans during the period of the pressure
tere thus proving that all her affected necessity for
tament false and wicked prc,cx for the of
her own political and re evolutionary views.
The case of the western branches next adverted
10 by Mr. H. Among these he said the business of cx
changc was broken up toto. The five western branch
rs were forbid TO purchase exchange at ALL and this ty
ranncn order was not yelled with the pretext of an
excuse! Upon the north Atlantic cities, Mr.. b. said,
unlimited authority 10 all the branches given to pur
chase bills all at short dates under ninety days, and all
intended to become due during the shipping season. and
to increase tho demand for money while the cur,ament
gong on and the turning from day to day. to
lessen the capacity of getting money, and make il
scarce as the demand for il became urgent Thus
the great commercial cities New Orleans New York
Baltimore and Philadelphia subject double process
OF OPPRESSION and that the precise of puchG
ing and shipping crops to make their distress reeo
upon the planters and farmers and all this upon the p.s
text OF new measures understood TO be in contemplation
Time again becomes material, said Mr. b. The Bank
pressure was arranged in January reach its climax in
March, and the first of April the debate in the Senate
Tor the condemnation Of President Jackson, which
commenced in the last days of December protract
cd over the whole period of the Bank pressure, and
reached its consurnmation the time, namely the
2Sth day of March The two movements covered the
same period of time reached their conclusions together
and cooperated in the effect TO be produccd and during
the three months of this double the Senate
chamber resounded daily with the cry that the tyranny
and vengeance of the President and his violation of laws
and constitution, had created the whole distress, and
struck the nation from state of Arcadian fccity-from
acondtion OF unparalleled the lowest depth
OF misery and rum And here Mr. B. obtested and be-
sought the Senate TO consider the indifference with which
the Bank treated its friends in the Senate the sorrow
ful contradiction in which they were left to be caught
a Oyp Tho tho do re
the Bank were allowed with the old tune and
upon the wrong scent of removal of the depostes
atng all the distress while in the twoand twenty cir
cuar letters despatched to create this distress it not
the old measure alone, but the measures cOneRa-
pated which constituted the pretext for this very
oslrcss nus the Bank stood upon pretex and its
friends stood upon another and for this Notifying con
tradcon in which all its friends have xposed
TO see their mourninl speeches exploded by the Bank
SELF just indignation ought To be felt by all the
friends ofhe Bank who were laying the distress the re-
moval of the dcposes and daily cTyinr out that nothing
could relieve the country but the restoration of the de-
Pesites, the rccharer of the Bank while the Bank it.
sewas writing toits branches thatit The
understood to be M contemplation that occasoning all
the mischief Mr.. Is. would close this head with
mark which ought to excite reflections which should
never die away which should be remembered long rs
national banks existed asked for existence 1t was this
That here was proved case of National Bank avail
ing itself OF ITS organ cation, and of its power send
orders upon false prctext To cvery part of the
Unlon to create distress and panic, for the purpose of
accomplishing object of its own and then publicly
and caumniously charging all this mischief tie act
This recollection should ting country against ever
permitting another National Bank repeat crime of
such irghtfu immortality, and such injury TO
the business and property of the People MIR express
ed his profound regret that the report of the Bank com
mttee was silent upon these dreadful enores, while
elaborate upon triies in favor of the Bank lie was
indignant at the mischief done private propcrtythc
fall in the price of staples of stocks and of all and
personal cstaea the ruin of many merchants and the
injury of many citzens-wlich took place durinp this
hide us season OF panic and pressure. He ndig-
nant at the Bank Tor creating it, and still for
urlla
President; and he mortified, profoundly mortified
that all this should have escaped the attention of the FL
nance committee, and enabled them to make report Of
which the Bank, in It's official organ, declares itself 10
be justly proud; which it has undergoing the usual
process OF diffusion through the publication supple
mental gazettes which it openly wonld have en-
sured the re-charlcr fit had in time and to
which 1t now looks for such rechar;er ms soon as Prc.
dent Jackson reres and the country can he thrown
confusion by the distractions of Presidential election
Mr. now took up another head of evidence to prove
the fact that the cuftaimen and exchange regulations
OF January political and revolutionary and con-
nccted with the proceedings of the Senate for the
domination of the President-and here lie would nrocced
upon evidence drawn from the Bank itself Mr. r. then
read extracts from Mr. Bdde's letter of instruction
Gan both, 1870 TO Joseph Johnson ESD President of
The branch Bank at Charleston, S. c. They were as
follows With a view meet the cominp crisis in the
banking of the country, and especially 10 pro
vide against of hostility understood to be
IN contemplation by the Executive Offices at Washing.
ton general reduction has been ordered at the several
Offices and have now to ask your particular attention
10 accomplish u. at is as disagrceablc to
us rs III can DC yourselves restrictions
upon the business of the Office. But you are perfectly
of the effort which has been making for some time
to PROSTATE the Bank, to which this new mcasure to
which have alluded will soon be added unless the pro-
lectors become alarmed it, On the defeat OF these at
temps to destroy the Bank depends in our deliberate
judgment, not merely the pecuniary interests but the
whole Tree institutions Of our country and delern
nation u.s. by even temporary sacrifice of profit to place
the Bank entirely beyond the reach of those who ned-
tate IFS destruction
MIR b. would invoke the deepest attention TO this let.
ter. The passages which lac had we're not in the
circulars addressed ut the time 10 the other branch.
es III was confined to this letter. with something SINH
lar in one more which ne would presently read The
coming crisis in the banking of the country is
here Swallowed forth and secretly urctud three months
before it happened; and with good reason for the pro
phet OF the evil 10 assist in fulfilling his pronhecv
With this secret prediction made in January is tn be
connected the public predictions conemporaneousy
made on this loOr and continued till prl whrn the
piosOn Of Banks IN this District was proclaimed
rs the commencement OF the general which was TO
involve all local Banks and especially the whole safety
tund list OF Banks, ono universal catastrophc The
Senate would remember all this and spare him repeti.
tons which must now be heard with po5n though utter
cd with satisfaction few months ago The whole free
institutions of country, was The next phrase i'm
the letter TO which Mr.. Il. called attention He
said that IN this phrase the political designs of the
Bank stood revealed and he avetre1 TINT this Ian.
guagc identical with that used upon this floor
Here, then, is the secret order Of the Bank avoyy-
ing that the whole free institutions Of the country
are taken into ITS holy keeping and tbas is deter
mined to submit TO temporary sacrifice OF profit i'm sus.
tiinng the Bank, which itself sustains the whole free
institutions Of the country What insolcnce What
audacity But said MIR b. what is here meant by free
Institutions the elections and the true meaning Of
Mr. Biddies letter IS that the Bank meant TO submit 10