Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1835-05-26

! vas a base fIiseho6d.
If, in lc2J and 1880, they woud zltSe c5sIss'S ~
make partnership with the Treasury and to yield them
selves t power cit would yield itself to party OBJ
ccs This, undoubtedly efc 10 the old story OF fin,
Portsmouth Branch Mr.. Woodbury. the present Sc
cfcary of the Treasury, and Mr. Hill one nj tho Son.
tors from New Hampshire both uncompromisnr ioes of
me Bank were the organs of communicating ,hrongL
the Treasury Department TO the parcnt B,nLe ,n s
plants OF tue citizens of Portsmouth, against The dcs
Poc conduct of the President of that Branch ,re,t
majority Of the sIgncrs to the plants were then and
minstrsticn. VIC 1u
Mr. lngham, then Secretary ofthe Treasury, in com.
punc1ng one OF the complaints against the President
ol te portsmouth Branch To the President of the Bank
under date OF tile 18th July 1922 remarks: ALLOW me
hecore to assure YOU that those charged with the adj
ninstraiion of the Government relying for nI
on the intelligence which shall discern and ustv apnrs
cate he character of their acts discaim desire TO de-
rive political aid through the operations of the Bank -
which it led TO.
Again, the 9TH of October 1920, Mr. 1neham. in
letter to the President of the Bank said "AIthoug in
e Jnlnt discharge OF public functions, comfy and CO.
operation cannot be too much cultivated in the arena of
@ S HTcR yST d%Ss y tempt me to believe
a POLITICAL ENGINE WOULD BE PRFFFP
RED 70 IT'S AM1TY." ''
And agnin, he says in tie same letter "Tbe Secre,,r
Of tie Treasury disclaims either the rghf or the d, ~
inicrEcddlc individually, in behalf Of the Adniustrs
uon' WIN the political opinions political conduct Of
any American citizen Whatever that rioht nd Thai do,
", he equally denies the Bank Such opinions and s,cl
conduct are beyond and above the sphere of official scu
ICniOuSly
invasion, either by those who have the power of place or
the more subtle potency of the purse
On the 9Th of October, Mr. Biddle i'm a letter IN Nj,
lng'am, said '1hcy Che dircctoIs) have instructed ne
TO say IA reply that, observing as they do with ore,
pleasure, The views which they thought disclosed in
your previous correspondence, are discalmcd the whole
OBJECT OF The board in renewing it is accomplished and
" "tthafo NE g00dRcss Ia coHsicr tie rcors bcgyiaO
cutie" q" "fI'
Yet, notwithstanding the strong language of Mr. Inu
nam, and the acceptance Of il by the Bank a. bearing
iu evidence which was satisfactory 20 them a the tins
mat The Administration would prefer the EOsg 10 the
Gmuy ot the Bank as pOiicai oHgiae Mr. Webster is
found 10 possess the bardhood to renew the CHARGES Of
the Bank against the Administration, Of wishing them
to make IL a subseryicn, political instrument,
The third Of the ncw.manuscured paragraphs is the
following.
It's well known TO be my opinion tiat direct inins
uce done 60 The Bank in The withdrawal of the De
postcs and injustice has been done also as think
by the gross and uuioundcd mpuotions made uuon its
general management. The Bank now for many vears
has accomplished every object intended by is csadst
ment. IL has reformed the currency, sustained II
WHEN reformed, and upheld system Of internal er
change safe, cheap, aud Of unprccedcnted and an.
parellced facility. No country has seen the like
nor shall We soc 81 soon again when the operations
Of the Bank shall cease. The Directors Of into
years especially, have had most difficult and un.
desirable duty 70 perform; but they have performed h.
ns think, with entire uprightncss and great ability