The Camden journal. [volume] (Camden, S.C.) 1836-1851, 1836-12-17

and SO bene6cially. To this may b. add
ed all kinds Of fuel AMI provisions. JUS
tice and benevolence unite in favor of,e-
leasing the poor of our cities from bir-
dens which are not necessary to the SIP
por, Of our Government, and tend onlyto
increase tho wants of the destitute.
1. will be seen by the report Of the Secretar! OF
Tie Treasury, and the accompanying documents, J,
that the Bank Of the United States has made no
payment on account Of the stock held BY the 30
| vernmcnt in that institution, although urgef 70
pay any portion which might suit It's eon'enie'ee, !,
and that it has given no information when payment
may be expected. Nor, although repeatedly re-
qucs;cd has it furnished the information in eir.
tion to its condition, which Congress authorized
the Secretary collect at their last &c asion; sch
measures as are within the power OF The Execrsve,
have been taken to ascertain The value OF the
stock, and procure the paymen! as early a. psssi'
bic.
The conduc, and present condition OF that bank I,
and The grca, amount OF capital vested IN il b, the
United States, require Tour careful attention. II:
charter expired on the I'd day Of March last, and
it has power oI, that gwen IN Tie 2ist Sec
ton .sto use The corporate name, style, and capa
city, for the purpose Of suits for the final E,iic
mcnt and liquidation Of the affairs and accounls OF
the corporation and for The sale and disposition oi
thc. cs,a,r real personal, aud sni1ed bui not tsr
any other purpose, OF in any other manner va
scver; nor for period exceeding twa years aila9
the expiration Of the said term Of incorPoraaon.
Before the expiration Of the charter, the stockhoi
ders Of The bank obtained an oct Of incorporation
from the Legislature OF Pennsylvania, excluding
oaiy the United S,aics- Instead Of proceeding 10
wind up their concerns, and pay ovrr 10 The Uni
ted States The amount Of the stock he'd By them,
The PRESIDENT aud directors Of the old bank appear
10 hare uans!s RED THO books, papers, no'cs, oh
legations, and NEST or all Of is property 10 The
ucw corporation, which entered upon business ss
continuation Of The old concern. Amongst Other
acts Of questionable validity The notes OF the cx
prcd corporation known 70 have been iss ted ~
lis own, aud again pat in circulation. That The old
bank had night 10 issue or ,eissue lis notes ailcf
the expiration Of its charter, cannot be dcn.rd,
and that IL could no, confer any such right on lis
substitute, any Than exercise IL iisr, equal
y plain. In ia~ ard honesty, the nosss oi shs
bank CIRCULATION at the expiration OF lis charter
should have bcen eaIledin BY public advertisement
paid up as presented, and, together wiih thosc on
hand, csaee!!td and destroyed Their Er-;ss1c IS
sanctioned by no law, and warranted by no ncccs
s;,y !. The United State, be responsible IN their
stock 10, The paymen, Of these notes, their rr-,s
suc By The rorpora;,on, for their own ocarhi,
ts fraud on ihc Government INC Cni'ro
States is mol responsible, then there 10 no legal ie
sponsibii,y in any quarter, and u.s. fraud On The
corn,,y They ste the rctccurd no!rs OF ds
solved partnership but, contrary TO The wishes Of
The retiring partner, and ui;hou. his consent, arc
again rc-,Ssurd and circulated.
!, is the high and peculiar dr,y OF Congress 10
decide uhelhri any !urthcs legislation be necessary
:os tho security Of The large amouu. "i public pro
pcrtv now held and IN use by the ncw bank, and
sof rlndieanns ,hs rights Of shc OoternH'ent, and
compelling speedy and heuTai sriIrsnr nt with all
l,- crrt,iass oil the old bank, public and private
o. whether the subject shali bc .cfi 10 the power
.,ow possessed by tho Executive s'd Judiciary. j,
.rfn..ns 10 bc sscn whether Tho Pcrsous, ehn, a.
managers Of thr old bank, undertook 10 eouua'
tho GorcrnmcaL retained TIC pas!ic diridrnda,
shut their do>rn upon q committee ot tho Hotirr os
Representatives and ti!.cd tho country u i;h panic
10 accomplish their Own s.Eis;es oIice's, may now
~ managers oi nr " bank continue with imPuE,sy
10 flood The country with spurious currency, use
the scrcn millions Of Government stock tas their
OWL profit and rrflse lo TIC United States all infcf
! nation as 30 The present eoadilion Of lhcir own
property, and the prospcrt OF rccorcnpg into
:.icir possession.
The <ssona taught hy the Bank Of The United
Stairs well sr L,st upon TIC Amc reaa poo
| pie They will take care nrvc, aga 10 place 80
tremendous poue' IN irresponsible bands, and II
will be fortunate /! they srnoo,iy eoas,de. the
CT scale from t.,r facit,y with which corporate
Powcfs afc granted BY their Ssair Guvrrnuse nts.
Ii u believed that TIC !sw VI the last srssiun
| gu!a;ing The depos;ir banks, operates orcrUusly
and unjustiy upon u,rm IN many rcspccS; and IL
- hop~d that Congress, on proper representation,
will atop, the mcdieai:ons which aIr necessary 10
! prevent this consequence,
Tho report oi the SECRETARY o. War ad infc'im,
and tho accompanying documcn,., all which are
herewith lad bc:nsr you, Will s,vr you !u view
Of the circrscd and inpottaa, operations Of t!'si
Department, during the PasI year.
The military movci.cnh rrndsicd necessary BY
,ts asgrrssions ei tho h,ss,ir P~s;ans OF lhr Sc
miaor AID CIrek G,bcs o: tno.ans, and by other
cifrur.stsrcrs, Esy' rc9uscc the acuvc employ
u.cni Of arai,y our hoir regular force including
the n.arirc cufps, and 81 large bodies of militia
aai volunteers. With all u,rsc events -
fhcy wrfr k5own al tho scsi "i Govrruiurn nj br
fo,r ihr Trlu,naton oi yoar !aat s~ss,oi. ynu
already acquainted aud u Ia therefore only n~eulu
IN Tn. place 10 .ay before you bici suis,aIy Of
Rhat has s,,cr occurred
The war with the ScniEolrs, during tho sum
,nrr, was, on our art, chiefly confined 50 lhr pro
,rciion OF our i,onuc, Settlements. from The incur
sioa, o! tho rncmy and necessary and i'm
pot,ant u,rans Tor the accomplishment, OF that nd,
10 The maintenance O: the posts previously cs,ub
lsl,rd la the course o. this duty several actions
io-,s piacr IN which tho bravery and discipline Of
both officers and men were conspcuously display
cd, and which have deemed il proper to notice,
in rrspcc, to the former, BY the granting Of brcvci
rank Tor gallant services in tho field Iint a. tho