Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1837-06-15
Prom iAe RIcAsond Jyhir.



g y asisss groa Bank lasiiifiss-""
Thus writes "Civis" of the Enqni-
rsr. which the Editor endorses, and
which we have already stated. express.
o. our opinion. 7 We ere thankful TO
our contemporary for thus narrowing
down the rage Of discussion, and ena-
bling the public to see the whole sub
ject at one glance. This point. then. is
settled; on this both parties are agreed.
that TO Bank faeiiifiss' are relenable
the distresses Of the county.
Now let rs inquire rhai produced
these Bank faeifiiiss. and for what
were they granted and to whom?
What produced the Bank facili-
ties 2"
The removal Of the public moneys 10
81 State Institutions, which were EN-
ployed by the Executive, as the agents
Of the Government" and which were
directed by the Treasury Department
to increase their accommodations so as
10 be acceptable 10 the people.
The reader may ask for the proof OF
this assertion. Fortunately We have il
at hand in a shape that must silence the
most clamorouS advocates Of the Ex-
pertinent. From Andrew Jackson
himself, and his tool IN the seizure of
the public money. Roger b. fancy,
we derive the proof.
In the celebrated manifesto, which
was read to the cabinet, aud which d.
rected the removal Of the Deposites,
the Hero said:
1.-The funds ofths Government uiil not be an
Initiated by beiag transferred. They will I'm
nledislrly DO issued for the benefit 81 trade, aud
u the hank Of the United States oaTtaiis its io.ns
il'e SiGie BaJds sfreH gfhefisd by he Ptf5Ir ~
b0siies, Irsa er.shsf fheITs. -
But there is still stronger evidence,
and directly in point. The exiTaordi-
nary circular Of r. B. fancy 10 the Pet
Banks. Itis dated Treasury Depart
ment, 9th. 1893. ;" and contains
the following conclusive proof Of what
we assert:
"THe DepoSifcs Of me FR5ge .lI0ReU xiii ena-
be you 10 dgerd INcREAsCB FACtLtTfLs To TTE
coNaKacIAL, ASb OTHKR cLASsEs 90 TnE COW
NUSIrr, AND TaE OAFARrNEST altfieiba ron
yoH ths ase pfisH Of sieh a e0psc respecting sollr
Recommendation. az sDW prove acceptable 10 ibe
Pe9pte, 0'ldsafeia nte C0uerH'n-Is.
We could adduce other testimony
from the documents of fancy and the
filcs ofihe Globe and Enquirer, to show
that The Pets granted increased "fa-
cilities" in pursuance Of directions
from Washington, and in consideration
Of the use Of the public moneys, but
the above, from Official sources, is
enough. Let Us hear no more abuse
against the Pets for doing what they
were bid. The dominant party, then
are answeTable for the bank facilities, f"
winch the Enquirer now confesses pro-
duced all the distTesSes Of the country.
For what were those bank facilities
granted To incline the people more
fsvorably TO the Adminisira;ion-io
aid partisan speculaiors--to induce the
people TO believe that the country was
prosperous, while in truth it was has
tening TO ruin, and 20 effect the election
Of Van Buren,.
On this poini, it may not be amiss to
quote the following letter from one OF
the Pets asking for more deposites, to
effect more changes politically 10 favor
o! the Administration. Il
- "BuRLNeTOS. January 2J, 1886.
Being located In the same place where. a
branch Of the U. s. Bank was established, and
as wo are deposIte bank, where the branch
has discontinued its operations. the public
! seem 10 expect that we would At once afford
the same facilities and accommodation that
they enjoyed when the branch was doing bu-
siness. There has been on the part Of our
directors, q desire 70 meet this expectation;
aud the consequence has been. that . us,y isa-
sibk change has tsksa place, PSiiflesIIy, ~ Is-
rsr 81 tAs GorsTRBasRf; sad - u q cur dpsiTs
70 siTtngtheA hsss fsHtimsatS, iCs feet that u 70
Important 60 Afford 60 our farmers and mechan-
ics, the coming spring, pretty extensive &c
commodalion, ssPssiahy sbOui Ihs lias Of hs
,0osl clip"
To whom were the bank facilities"
granied'
To parlizan favOriies. Office holders
and land spectators. We believe in
all sincerity, that If the whole tTansac-
tons Of the Pet Banks could be ex-
posed TO the public. they would exhi-
bit state Of corruption which has never
bad parallel in The annals Of time.
They would exhibit immense sums
loaned 20 bankFupts Sithous security.
49, ~ NAA~NFN " AtAA kRNNAMtaNnAf nOh
only without security, bot without in
lerssi. We hope there is virtue and
spirit enough LEFT among the people 70
demand thorough scrutiny Of the
whole syslem.
We subjoin a strong article on this
subject from the Boston Atlas:
POLITICAL OVERLAPPING AND UNA
VALUABLE FUNDS.
The Globe, wilb It's usual honesty
and fairness, attributes the distress On
der whieh the country lsbors, 10 mer-
camille Ousrirading. fis true source .
POhtieai 0Dfrfrading. There has been
too much eiectioneering with the pub.
lie Revenue. There has been TOO Ia
wish a distribution Of Government f.
cililies. The Peoples Money has been
deposited with unsafe and unprinci.
pied agents. who have wasted and
squandered Il IN impfovident loans, o.
ia dishonest appropriations. Mr. Ad.
ans, Mr. Mpuf6e. Mr. Binney, Ne.
Webster, Mr. Calhoun. and Mr. Clay
N..-aa.a..I al q an