Herald of the times. [volume] (Newport, R.I.) 1830-1846, 1835-09-24
u. s. BANK AND THE PETS.
% D. DNNh HtND hffH " ~
The Globe calls upon the Bank Of the UNI

The Globe calls upon the Bank Of the Uni
ted States for prospective statement OF its
plans, in the following languages;
The Bank of the United States is public
.ns.tu,on-the public has an immediate as
well Us general interest in It's adlninlstra-
tiun: and that public has right to demand
of those ia whose hands the administration oI
lis affairs is conhded, the course OF measures
which il intends to pursue for the next twelve
months, upon which depends the continuance
Of present prosperity or future evils 10 the
country.
We do not call upon Mr.. Biddle, because
we believe he is entirely IN the hands oi, ana
controlled by aspiring politicians. we call
upon the Directors of the Bank, many or
whom, we understand, are themselves mer-
chants, TO take the subject into their own
hands, and, by unanimliy of action, relieve
the public mind by declaring openly the
course which it is intended shall 5e adopted,
with or without the consent of Mr. BddIe.
The Government has right to Know the
course the Bank intends to pursue. : ne ma
ton has an interest of many millions III the
capital stock of the institution, and those who
administer the fiscal affairs Of the nation
have u right to expect this information to
tons connected with the receipts and eXpen-
Gitures for the coming year.
! The call upon the Directors of the Bank is
so reasonable and SO just, that it appears to
us that they cannot refuse, or even hesitate
to answer it. If, however, they shall dlsrc-
gard it, and preserve silence upon subject
so important to the whole community, then
let some of the stockholders take the subject
into their hands, and call u meeting OF that
body, and instruct the Directors.
"The Government has a right to know the
course the Bank intenfs to pursue" If the
Government has the right to know, we pre-
sumo it possesses the means of obtaining
that knowledge. But if the Government
have a right to this prospective information,
we presume that the people have right to
the retrospective history Of the Pets. BE II
remembered that there arc TEN MILLIONS OF
the Peoples Money in those institutions,
not placed there by any law, not regulated
by any law, in no way recognized by the law
Aud yet of this noney-of the operations and
condition of these Banks--the People know
absolutely nothing. The Secretary of the
Treasury-the Washington Globe tells Us
nothing Of all this.
Il Now we are well aware that the merchants
are perfectly satlsned with the recent course
Of the U. s. Bank-and that they attribute
the late slight pressure to the State Banks
and the Pets. The administration have told
us all along--that the Pets, fortified by the
/ Deposites and the new gold issues-would
be enabled to supply all the wants of the
commercial ommunity--counteract any hos
tile movement of the U. $. Bank-and in fac,
deprive it of all power to do mischief. Has
it been so? Are the Banks adequate to this:
Have they discounted to the amount that the
Public Deposltes would authorize?
i But whether they have or not, why not in
form the People what they hare done?-
Where are the RETURNS? Why will no
the Globe parade them side by side with it,
panic bearing columns OF figures, that rccord
the misdoings of the Monster? Let the peo
pie make the comparison and Judge for them
selves Boston alias.