The Rhode-Island Republican. [volume] (Newport, R.I.) 1809-1841, 1835-08-12

and the sovereign rights of the People.
During the latter part of the French wars, under
the Emperor Napoleon, the bulletins Of his military
operations became so notorious for their msrepre-
sentations, that whenever any of the newspapers
in this country induged largely in the strain,
it was a common saying among us that 4" it lied like
bulletin" The last bulletin issued from the office
of the " Herald Of the Times" contains some state
ments that demand correction A writer for that
paper who subscribes himself "A RHODE ISLAND
WHIG," in note to his communication, speaking
of the government deposites in this town, having.
recently been removed from the Newport Bank to
the Exchange Bank, uses the following language:
Very recently the government deposites haze been
removed from the old Newport Bank (,ckieh had al
ray, been the United States depository bank for
Newpo,t,) to nswly created bank of small capital
for assigna6le imaginable reason, other than
that of engaging and REGARDING elsetioneering SER
riees,-and zoe see the head of that Institution ZEAL
ousty performing the eectoneering services expected
in payment for this erecatve patronage"
We shall say nothing at this time of the very
gross charge of bribery and corruption implied by
this language, against the national Executive, and
the President of the Exchange Bank, but shall At
once enquire into the truth of the facts stated.
In the first place then, is it true that the Newport
Bank has always been the United States depository
bank for Newport lin anstser to this question
we say it is not true, and we very much mistake the
age, character, and relations of the author of the
note in question if when he wrote it, he did not know
that it was untrue-if he knew nothing about II, he
should not have hazarded the assertion-if he did
know any thing about ii, he must have known that the
Bank of Rhode Island, from about the year 1895
to 1904 had been the :" U. S. depository Bank ;"
and that at the latter period party groun Is, and
for party purposes, during Mr.. Jehersons admins
tration, it was taken away from the Bank of Rhode
Island and given to the Newport Bank which has
held it, s stated in another part of the same pa
per, for the last thirty three years, through every
change of party-and under every subsequent
change of administration and because now, when
every director of that Bank with one honorable er-
ception, is hostile to the present administration OF
the general government, and using all their inhu
ence to thwar its measures, the Herald the Times,
calls it d" PRESCRIPTION" that the Executive should
Withdraw its confidence from men, who openly
dence That is not all but under such circum-
stances feel authorised to stae that the late ven
cradle Gen. Treasurer of this State some years ago.
and when las he is now) a stoek-hoider and dIsc-
tor of the Newport Bank, removed from that bank
the state deposites, and placed them in other banks.
Another fact two should be stated also the pri-
cate property of all the stockholders in the Exchange
Bank is by charter holden for the debts of the inst
tuition, whilst in the Newport Bank the is 9TH
crwse; one of the directors of the Exchange Bank
is now the Gen. Treasurer of the State whilst we
believe that not more than two three years ago
one of the directors of the Newport Bank was at
tempting to compound with his creditors at fifty
and seventy five per cent on the dollar
i But sir the note is untrue in another important
respect; for assert upon what consider good au-
thority, that the Nerport Bank itself announced TO
the Department at Washington some time ago, that
they would no longer be the "depository bank of
the Recenue deposites, and they have been tempo
rarily removed to the Exchange Bank that ac-
/, count.-Nether the cashier OF director will deny
the truth Of this assertion-f they let item do
so. But the writers for the Herald of the Times
supposng every body but themselves to be ignorant
of these facts have siezed the present moment for
electioneering purposes, to raise hue and cry a.
, gsinst the Executive, though the removal OF those
deposites executive act merely, and an uh-
warrantsble aud arbitrary exercise Of power Des-
pera,e indeed mus, be the prospect Of any party
when it finds itself driven resort to such means.
II NEWPORT DEMOCRACY.
l. ~ .nI II