Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1835-01-20

head of elias the Bank violated its charter says sthe
committee did not deem it necessary extend their in
quiries to period further back than the year $780,
" and 1t Is to subsequent allegations against the Bank
that the committee have directed their inquiries"
The ninth section of the Bank charter declares that
the Bank sha not directly indirectly deal or trade
in any thing except bills OF exchange Sod ami sIrer
cn'on, or in the sale of goods really and truly pledged
&c, &c.
1t has been subject of complaint and charged upon
the Bank violation of its charter. the selling gold
and silver CONS and particularly American coins This
is charge which has been repeated for years Yet Mr.
Tylcrs committee did think proper 10 examine into
IT. la consequence of this omission, Mr. Benton sub
united, in the Senate, resolution which came up on
Monday calling for certain information in relation To
the Banks dealings in coin, when Mr. Tyler made Tx
following explanation, viz:
'Ihe material allegation in the resolution was i'm rc
ference TO the conduct which the Bank had pursued re-
ave TO the currency and coin of the United States; the
can was Tor information on this subject And he begged
leave to say to the Senate that this was made The
subject of specific inquiry by the Committee of Invcst
CATION of 1892 The Committee on Finance DURING the
last summers having asccraincd that the subject was full
ly inquired into in 1892 carefully examined and anavzed
the report and he was ready affirm that the
Ter report winch was then made, conclusive that
il had relieved the committee from the labor of prose-
cutting their inquiries into that subject"
The counter report which so conclusive on the
subject IN the mind of Mr. Tyler, made by the mi
norlty of the investigating committee Mcssrs McDuie
Adams dams, and Watmopgh, which says =
1.-The third ground of impuation relates the vio-
American
"The minority would respeclflllv snoecs that tI,e
majority have entirely overlooked the nature and essen
tal purposes of the Bank Itmay be well defined TO be
an institution established for the purpose of dealing in
money. Now, money is current coin; vet, commit
tee Of Congress very gavey bring forward as charge
touching the violation Of the charter too that il has
been guilty OF dealing in current coins and par
ucuiary American COINS the very end for which it was
created
AS relates to dealing in current coin the right 10 do
is involved in the right of lending money and of re-
ccivng il back. The authority deal in bullion is ex-
pressy granted in the charters because bullion s not
rent CON- and of course the right deal in not nc
ug1 m rwiN .F
operations"
This IS what the committee analysed, and which from
its concusgeness relieved them from prosecuiing their
inquiries Now we venture to express the belief that
there never perfect specimen of the petit
logger placed before an enlightened public, than is
Again, Mr.. Tyler said
in reference to the Bank barterng in the currency
Of the country he thought tat charge had been
ed by the exhibit appended 10 the report Of the Commit
tee on Finance. lie thought by that exhibit IL was
shown that this traffic could not have been carried on
Ia this statement, he is truly uDfoIunacfor an cr-
hh Gppedod 10 hcfcport shows that this traffic has been
carried on, proving that which Mr. Tyler refers it to
dsprovc.
In page 335 Of the appendix under the head Of " Pro
ft and Loss are Else following items
lS33 BY discounts, exchange interest damages,
PREMIUM on SPECIE, received at Office Boston
BY discounts, exchange interest damages PRE-.
mioH oS srRcIE, received at Office, New York
Here is evidence, furnished by the Bank itself to the
Committee to convict 1T Of having continued the traffic
IN 800 Can 1t be possible that Mr. Tyler has append.
cd TO his report documents. the contents Of which he
was igncrahl OH IL certainly would Besides
this evidence of the traffic being continued by the Bank
was notorious that during the last session Of Congress
the branch here sold American gold coin at per cent
premium. and would part with il for less even for
| the smallest sums, matter Of favor.
Mr.. Tyler iccitaicd himself that che was delivered
rom Jacksonism--hc thanked God that he had ut rid
/ Of that But while he thus congratulate himself with
having got of Of one horn ofhe dilemma c could hard
y escape the suspicion Of having seized hold Of the
othcr ana Ike most Of his present political associates
who have got rid Of Jqcksonis1a united with modern
| Whgsm and embraced Bankism.B.