Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1835-01-26
mphale. OF The general results ofthsrr

The committee has discovered nothing In tn
proceedings Of tho bank. TO ,n'Iuce belief that
hns adapted any policy Of this kind"
!. Efforts Of direct bribery, by donations Of it,
money.
No case Of this sort il known to tho commit
tee no such case appears OF course whore suei
would appear on the hooks ~ tho bank and, &c
ascertain whether there might be somo mode, un.
known 10 the committee. by which the funds could
he wuhiraWn, without tho fact appearing on tho
books, they addressed inquiries upo, thu, subicr,
10 The president and cnshier, which, together, with
the answers, are hcfcunio subjo,ncJ, marked NJ.
by which it appears, tha, every doller drawo from,
the bank, IL regularly entered the book under It's
| appropriate head
D. In rendering the press ia stipendiary, by
oesiowIhg gtnIn'lous rewards on editors, or ma.
KING 10 them cxtrovssant loans.
= l he committee know Of no case OF n grniui-
~ 10 any one IL every instance Of money paid
10 an editor II appeared 10 be for services perf,rm.
| ed.
-" Tie committee, M far rs they could do So
looked into the books of the bank and branches for
the purpose OF extracting statements Of accounts Of
| all persons known To them a, connected with tho
newspaper press.
" Loans made 10 editors have existed from the
origin of the bank md where such loans ore mel.
then exorbiiant IN amount or mndc upon iaspff
Gent security, TO urge objections 10 them would be
both weak and puerIln. tho Ionn made IL rea-
sonabc IN nnioun' Is placed upon the footing of all
other loans without the practice or show Of favor.
ll,sm, Il would require deeper casusrry than tho
committee lay any claim &c, IN order 10 discover any
soand or COOL objection tr,t"
3" The Senate will pass its own juIgmcn, in 70.
la'ion 10 those which arc above detailed upon n
review OF all the incls.
G. Loans TO members OF Congress and funcionn
RES of the Govc,nmcnt
" The snmc rem nix which was made in regard
10 editors IL applicable also TO members Of Con.
srcss and other public funcrlonarcs loans have
been obtained by them OF the bank at every period
| of lis existence. This remnrk applies ms well 10
those who now hold executive oficcs Us TO those
who now are or have been members OF Congress,
and ths without regard TO tho political predlec.
TONS Of the borrower.
" For tho purpose Of ascercnng what WAS the
fnrt IN this last particular the committee caused 10
be mnle out n comparative statement from tho year
l326, "a period at which the bank could have had
no suspicious of being placed IN its present nth
iudc TO the admins ,n,ion) 10 the present time
winch statement embr aces tho amour, Of all loans
male 10 members of Congress u, the bank md Nil
the Offices, from Which the following results arc ex-
rncteI.
time Of several w branches, al one OF which large
accommodations hav, been granted 10 members,
and increase IN the numbers of men bcrs Of
Congress, the amount discounted for or loaned to
memb RS, or bills pnrchnscdby the bank Of members
of Congress was 1897, 437 that in 1884 they a.
mohnen :" o3a hsi' dolls that tho amount during
1881 Is less 10y l3G 100 than IN 1858, NY FSy, 1S3
linn IN 1892 deduclng flom tho loans Of that ycur
III, sum of 800 900 on single sock loan, and
$50 00b Of Post Office acceItanccs by 1888, GLIB IN
the year 1881 and that something approaching an
equality :" amount prevails Tor tho remaining PERI
In further prosecution Of this subj c., the com
miticc made out the anne xed table, exhibiting the
number Of members Of past and presen, congress
WHO have received accommodations ON January, |
S16 10 October 1884 ut the Bauk an all the Off
ces from winch 1t will be seen that. from the year
1929 exclusive to the present day, there has been
marked un,iormi IN tho numbers tho highest
numbers being 50, md the lowest (,hc year 1882
beng Al They will say, however, for
the truth requires il, that accommodations have
not b confined 10 members Of this or tha, por.
~ Men of all parties have Obtained them and
md v,dunl loans, equally large IN amount. are
found on both SIDES OF the political parties Of the
day"
1.-The COMM tee sec no reason 20 suppose TIM,
the amount oil loans by tho banks 10 tho members
Of Congress, exceed. tho amount OF lonns 70 any
other persons OF the country Of equi numbers, md
the same degree Of connes,on with business; md
this The commute. dunk will hc apparent 10 any
ono who shall compare the number OF pc sons who
! have been members Of Congress since 1926, with
! the total amount of loans. They rcrcrive not the
slightest evidence, that members Of Congress have
| expected or sought favors Of the bank on ne
| count Of their public character. And tho com
miuee think this unqualified md decisive ex-
| preston Of their opinion to be doe to tho cha
ractor of the public men OF the co ntry, and, in
deed 10 the character aud honor OF tho country IT.
self"
This declaration is intended, we pre-
sumo, to balance the solemn affirmation
Of the President of the United States,
lha, he was obliged to remove the public
deposits to prevent two thirds OF both Hou-
SEES of Congress from being bribcd by the
Bank.
al. In paying for publications not necessary
for true exposition OF its condition, or TO de-
fend itself against unjust or injurious recusa'
tons.
"'rhc committee believe TIM; with the ,ifn'tn,i IN
prescribed under this head Of inquiry, no one can
reasonably complain. Duty 90 use md the roun-
try alike requires that It should, when necessary
furnish 10 tho public such exposltiors ~ are proper
10 explain ITS true condition. The people Of the
United States have aIsrgn Interest ,n It's stock, 10
the amount Of seven miion Of dN'ss Each cite
zen has an interest IN knowing "a true cond
ton since its notes constitute part sfthe cifcnia
ton Of Il country, and form the mediuw OF ex-
ch.nye in ALL The operaonS OF Io this -