Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1837-01-05

said that. about dpZrn years ago Coiln!ttee VI l'e
ausa Of Representatives had been raised TO investigate
ccrl., CHARGES against the then Secretary of The Urea
su.Y that hunted down aud prosecuted citlzen, an
H. Crawford These charges happened 10 lnSeive tne
punt now in discussion, not as CHARGE but hcl+thla
iv and historically and among the members OF TIA
committee there happened to ue gentleman VINO was
the author Of the Joint resolution o! lSlO, who now
member uf This body, (Mr WEBSTER and who las SIG
nfcd an ia;entian 10 speak in this debate That com
nCe made report. purpcrtIng 10 be the haa'''o"a
opinion Of tie body; unL lrom that report all extract
will u"w be read:
SAT th. time Of the aj"pipa Of this resolution, Cont
Of 1850 debts uccrumg To the United States Whethe.
account Of the sales OF the pubic iaits, or al the Gus
uIsn, .rrn other source al revenue, were IN
fIcl received in SOME paris Of The country, bat evidently
in disregard Of the lass. ia The notes ot the Stale pahKs
which did not redeem their paper hy cash payments
Is ts resolution il obviously made Tie uuty oi ule
= cretary Of the Treasury 10 correct that departure rom
law soon Us pracca5!r and it wa|, as Is equally 90
vious, imperative the Department, alter 'Hc -Jih ol
February. 1917 10 allow nothing to be received III pay
luenl Of debts due 10 the United States but the rga!
money OF the Urrd States, Treasury notes, notes OF
tie Bank Of Inc u. Sales. these OF Stale banEs the
notes OF which payable and paid on demand III se
c:e The Eank Of The United States was incorporated
in April lcG &c. In Tie carly part OF the year lol'
il is represented by the Secretary, and appears o
that an arrangement was made with the Bank Of Tue U.
States by wch the public funds were TO be deposited
in The branches Of that institution in ell places where
such branches existed; and where There were no
such branches, that bank was 10 designate cefa!"
Safe banks for which it would he responsible. ann IN
which such public moneys would be deposIled ana HofLS
RI all JgRkS ach;ch The Bdak NJ the Cat!ed SMeS H0"ta
rtccice az depoSits cash, AND NONE " HEN, were
IL Ge rcceccd saics 9 psbtc lands IL Is iGFher re.
presented that in The execution Of this engagement, d-
tcu!lirs and controversies between the u States
Bank and the Stale banks thus employed in receiving
The LepoSiies Of The public moneys; and ere long, The
Ban: Of The United States signfed 10 the Department
OF the Treasury that ii could not continue such arrange
ri II
dcposttc, as cash. hit the LEGAL CURRENCY OF
THE COUNTRY, or It's Omn notes. J he agreement
with the Bank ii the umlcd States terminated, or these
reasons The 3Glh Of Jnne, ISIS Abou! this PERIOD
ais. tr Bank Of The United States issued orders prVki
Ljiing is WESTERN branches from issuing any Of
their Tor circulation, in exchange Tor,
OH dcrusite Of. sprcir." That insti-
Qhr Bank of the United States) is indeed bound
10 rive he necessary facilities for transferring The pub
lie funds from place to place; but this only mean
cash funds; and it is bound also TO receive money de-
puse Tor le United States; bW IS not G0uad To rcccrc
III dposi;e cash. tic bs II any banh rhatcrer J It's
0'e", ALTHOUGH Mty m"g come ~tltn HE professions
q The act II lc!G.''
This, Mr.. President, continued Mr.. b. was in lc3i
II Was eight years after the joint resolution OF -G had
passed. aud two years alter lie author OF the c;!rr 10
Nj Adams. which has been read, 10 the Presidency
vi that institution is therefore, the report Of trans
actions 10 which lie Was prvy and party. He rcpaIl
speaks historically, in rcclag agreement between The
Secretary I" the Treasury and the Directors 81 The Ddk
"t the United States, by which: an1:g other things
t.lr selection OF the State bank notes receivable iii pay
l!ct oil lie public lands to be ie tn tie Bank ui
the United Saaes and NONE should he received cXcrp!
sc US that bank would agree 10 cryG!l spvcir; that
afterwards HE bank Iecrdrd from tia: agIcrEenl and
refused TO receive ANY STATE BANK NOTES
WHATEVER taking nothing Eul gold and silver coin,
u"d It's nGlrs: and ualEy refused 10 issue lis
notes III the " EoI even in exchange Tor specie and
thus lett nothing but specie 10 Le received; aud after
!Ikg these iecals The Committee conclude WIKI li!c
expression Of ticir opinion OF The law that Tie
BtTli CT the United States NJ" bound to receive in
Gspcstc, cash the !.ls Of any State bank w!arvcr
ALTHOUGH THEY CONE UNDER TIE PRO
VISIONS OF THE ACT OF lStG
icse the rccaI and lis The opinion Of tina; Cam
!tee and cerlunly they correct: both in the nara
ton and in the Judgement. What then becomes nt this
Charge ci Illegally III Tie WonGufd speech. and this III
ter 10 Mr. AtIs hus cu!ttlcd and luvalidaled b. HE
conduct CT tie bark itself: And SHAT becomes oil the
pretended injury ri all those Western hanks IN having
Their notes excluded under n:der from President jack
So" VIXEN tcY had been previously excluded Tor nearly
90 years under Tie orders Of the President Of the Bank
Of the e. s.: Why not complain before: Why not
apply 10 Congress 10 !cscrd lie order of the Bank cs
dent, they apply for the rcscss0n OF The order Of
tie President oil the CmGn; and tic politicians and
presses hch lave iavisllcd GrnuncatiOns upon Prcs
Grml Jackson aud wepL salt tears Tie wrongs Of
t Sc banks, and The expressions OF The people, on &C
cGu:t o he specie order: where were those tears and
those ceEuncatiuls when the President Of the Ba;!k Of
many years before, and enforced up 20 the day al Inc
removal OF the Gcposi!es' The fact is, and ell Tie IN
latanls OF HE States know il, that local bank pa.
par, with few and stintcd exceptions, was eH"'pded
lrDn all !he land Offices, from the establishment OF the
Bank Of The United States down TO October, le33.-
During that l"ng interval. scarcely any thing was re-
cc"cd hut Specie U. States Bank notes Local bank
paper was in state of general and permanent eXci-
son almost the while time, ana Inc "hoic country was
on:rt aud c,.r,.,rd No comrain 10 charge oflega-
r TO cry of Impressions; preeXt of ruin on the part
@. tic banks lamentations and dcnuncatlons on The
part 81 politicians But The instant tina, President jack
has done w!at tie President of the bank did; the
moment he has restored things 10 their lOrGc! iooiIng
aud put back local bank paper 10 tie State ct exclusion
in which il had rested under the administration OF both
his predecessors that instant the storm OF rage and greet
brraka cu:. new impeachment must be got up new
panic must he excited; the Senate Chamber is again 10
trcu" The laboracry of alarm; and chorus must
become Tic harden Of The song-hat the specie order
made the distress, and nothing relieve the distress
nt tic rescss;on Of thc order. The rcchurtcT q The
EGnk!
Surely No have accumulated proof enough upon this
pontsurry there is necessity ioT any thing to rciute
This charge. ami 10 establish the legality Of this Treasury
order Blu. ocr prof at hand, and, though, unnp-
ccssary ii shall be used High the authority of the
report # The committee of 1924, and close is TO the
pct there is yet hg CHER authority aad still closer to the
prn yet 10 hc adducrd; for it is The authority Of the
author Of The resolution. aul that before the cues
ton raised, and while the resolution It's pas.
SAG; and in witch he not only understood them. as
shawn arrwardsin the report oflhe committee Of which
Er was member, but in which he weHl farther, and ex
pressed Ills fear tina, the whole coed effect of the rcsou
ton might be lost, if The Treasury DEPARTMENT should
not execute it precisely that Department, under the
splendid and drnccent administration Of President JACK
son had done!
Extracts rcm .Vr. Htbs'ers s}eccA IL tie House e Re-
presratires, -4pr 26. 1916, Tie Resolution altered
by him. for The cgiclunt collection Of the rercnuc in
tie iGmIaL moncy Of the country.
Mr. hp foil no Int tc Inc
attention Of the House TO the subject Of the
collection Uf the revcnne and to present tie resolutions
which he had submitted. He had been the inciin
ed 10 do this, from apprehension that the rejection,
yesterday, of Ike bill which had been introduced. night
be construed into abandonment, the part of the
House Of ell hope Of remcdying the existing evil lie
had had, true, objections against proceeding
by way 81 bill because the not in which the