Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1835-01-08
Mr.. TYLER'S REPORT,
From the finance Committee of The Senate, on the
subject of the B INK of the Uaited States.

From the FtRunCs Ionsm"seeV Nv
subject ofihe B INK Of the United States.
When Mr.. Tyler's Report was read to the Sc
nate we gave an abstract Of its general con-
.sn,s Below will be found an extract from the
Rsnor, itself on matters which have attracted
much attention, and excited much discussion
IatermecIdiing With Politics.
The committee pressed their inquiries in eve
40 direction in order to discover all and every
Interference on the part of the bank, u OF any
II had been guilty, with the poiitlcai parues Vi
the country. For great m 'neyeo corPof al'o"'
created to subserve the purposes oil tue coun-
try TO lend itself to party, ana 10 enter l'l
"a m, nevel power. IN any way mt the poh'i-
c.I s,rupyes of the day, would be 10 renoeI u
,rn,v ami dsservedly odiouS. Ii would De 10
hr;ny an aren't heretofore. II Is DelieVed, un-
known ian our elections, to bear upon them. VI
6c;al power and official influence, no matter
from what quarter exerted, wnethel on 're
nart Of those who enjoy the money and emo'u,
nsnts arising from the Offices OF the Federal
C,v.rnment or of the bank, are every way anu
equally objectionable. and shpuu ootn meet
with the seyerest rebuke. In either case sucn
interference is at W W III that pure, nhniasSen'
and unbought suffrage app winch our pomu
cal institutions manly rest Tor their peIue'ua-
,;on The way i'm which such pn~er and innu
anca would h M ,st kindly u display ITSELF on
the mart ofthe bank, would be-
IL, In the appointment of directors for the Sc
veral branches, with reference chiehy 10 their
political sentiments. L..,,,,.,,
"a In an iniuri ,us discrimination between
.,,-s,ns. Granting accommodations tn some and
rraf,s;ng Them to others, because OF the ex,s-
,ence Of particular political preferences or op'h
ions. ,nd un,su,,
loans on unsuffi ;ieut or doiDtiai security "
rsrso,s sunp ,srd 20 have political inhnehce'
Halo. H.,
ed to others. -. ,.,,.,, ~, IN. do,a-
4th. In efforts OF uiiee' o'ioe'S ~ '0
uo ~, IN rendering the press its stipendary,
nv bestowing gratuiries on editors, OF u'aA'"s
10 them eXtravagaht ioah'' a ,,oo,,
eth In large and unusual loans anu acco"'-
a',;ons to members of Congress and other
nnhI;c fnnctionares on Insufficient security
YIN In having for publications not necessary
,.,,s exnoSitun of its con'tltlon, OF 10 It,
fend itself against unjust and injurious charseS'
q, The appoinimenfs Of Directors.
IN This point the committee has no reason 10
believe that any other motives nave ore' a'eo
with the bank, than tho>e nas .;,s.,;n, The
"ia,v =, the interests Of the institution. Inc
nh;ac; sasns 10 have been To place at The ooaro
IS I;rsctors men Of character ana stanu'nS,
acquainted with the circumstances vi 'ne
c;,izens composing the community III. ne n'"s'
ofwhich the Office was situated, anu oi BUSINESS
habits. In some instances, dounuesSiy' 'he ooa G,
- ph;,adelnhia have been decrlyed M the Ut
aI o. Sc ~ Individual for a branch director
Th,t no should be expected TO possess irieho'y
e,a,;ngS tn the bank and that in any controVeT
co in which It should be engaged, e'nei " q"
i1a;vidual or the Government, the leaning VI ."e
I;rsc,nr should be in favor OF the lnstl'n,i n
whose interests he would nave gwen VIZ VIZ ' .%a
pledge to support, oy tak.ns up" wnnIJ hs most
Office of one OF its governofs-wou'u oe "n'.'
o,osIv to he expected. Ii would he strange
this was not So, for 10 Commit It's ar'a"Se
rosn,s To the hands Of those VINO were Opposed
90 II and sought its destruction. ~ouiu oe a.,
act of madness and Of folly, tor whlch u cou'e
have neither excuSe nor apo'osy. w "" H.
Nv ar correct feelings would assume guar t u.'n
III, when he found in has breast, upon sell eX-
P,nation none other than feeling OF hoHtiii-
a. 80 rho object placed under his control, and
desire TO destroy in place ola wish 10 sustain anu
uphold. ,.h;.h tho directors
,hrough the president Of the BANK, winch naNe
~, tn the knowledge of the committee, nave
49,, c.,lsa uoon TO express their views on 9he
ronrss which il became the oauK aho us o'heeis
20 nnr,ue. i'm reference to generai Poh'es' orc
20 he found in the annexed corresponding,
marked L. The first paper IN uie 500 =, NJ
ia,tsr from the president OF the oanS 10 WI
So, dated nth March, 1924. Ihe ooaro
S.,t.hasn desirous of placing at the head oil tns
.hronch AT Washington, gentleman VINO woulu
give more of his time to its anass, ,n ona allow I'VE
Professional engagements OF MI. swami s
PIsa ;n the course Of the correspondence,
Mr. thu, the Pr ,ne al
onse !, annrobation Of his appointment. rms
Spoa.;oned the remarks i'll the extract marAeu
No. !. .,, N. nres;dent of the
honI 10 MIR. Harper, cashier of the branch al
Kentucky making sTow6 See eer par
cnaisI .. ioans 70 one of the political parties OF
the and osr.n members Of N Conn
na asss from Kentucky, dated January 3, 1879.
NO q Is letter from the president OF the
same import, to Mr. Shippen' cashier Oh '"e
0r No 4. The reply of Mr.. Shipper, with ooser-
vations on each person whose name was 'o"'
Nos. and s concluded the correspondence
with Mr.. Shipper. rue,.s a.. nrss;-
w, W. ,h. branch at Lexington, dated January
80, 1929. NJ c.n,hre,eng was en-
-" bopk 70 select q proper pOStUOn