The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1838-12-22
TEE UNITED STATES BANK AND THE
ADMINISTRATION.

IE-L UNITED STATES BANh AMI HE
ADMINISTRATION.
The armstice, or alliance, accomplished or
attempted between the Monster Bank" of
PENNSYLVANIA and the Executive of the federal
Union, which we have repeatedly limited at
heretofore, was the subject Of resolution Of
inquiry introduced for the consideration Of the
Senate by Mr.. Senator Rives, on Wednesday.
1t came up on Thursday, and was sustained
by Mr.. Rives by one Of the noblest efforts
ever made by him on that floor Mr.. WRIGHT
made a few unworthy remarks, chiefly perso-
nal and objurgatory to Mr.. Rives, which threw
the latter upon his dignity and responsibility
Representative Of the free and unterrifed
more sSsoah Of AtR and and IT, viii
ture to say, without fear Of contradiction, Mr..
Wright was never worse COMPOUNDED or more
completely discounted. Mr.. Rives proved
himself what he has always truly been, the high
and Independent representative of a sovereign
state, untrammeled and unterrifed, and not
the vassal Of President or a party. The
effort will add to the high character by which
he is already distinguished as an orator, "a
statesman, and Republican patriot. ..
Mr.. NILES, Mr.. CALHOUN, and Mr. Crit
rENDEN, supported Mr.. Rives' resolution, for
different reasons, and it was finally adopted
! without opposition. The following is copy
of the resolution:
T7esolvcd, That the Secretary of the Treasury
communicate to the Senate at as early day as prac-
ticable the information called for under the follow
The period at which the third bond of the
Bank of the United States sold to that institution,
of the Treasurer the books of the bank the terms
on which it was negotiated, the person acting on be-
half of the bank, with whom the negotiation was
made the particulars ofany understanding or agree
ment that the proceeds Of the should be LETT
deposite with the said bank until wanted in the
binary disbursements ofthe Government and what
understanding or arrangement, If any, has taken
place respecting the benefit which might accrue to
the bank in the transfer Of money, should make to
distant places on account of the Government.
2. The period when the sum of 81 600 900, in part
payment of the second bond of the Bank Of the
United States was placed to the credit Of the Trea-
surer by the bank; and the nature Of the agreement
understanding had in reference to the payment of
part of said bond before and OF another part after,
it became due.
3. Whether any sum sums of public money
nave been deposited IN the Bank oil the united states
other than those derived from the payment sale of
its bonds; if so, the amount and date of each depo-
site, and by whom and BY whose authority and drec-
ton they were made. ..s
4. The aggregate balance standing weekly to the
credit of the Treasurer in the Bank of the United
States its branches agencies whether subject to
draft rnot well as the weekly aggregate balance
in the Treasury from the time the first deposite was
made in the said bank of moneys arising from the
payment sale Of its bonds up to the present period
s. list Of all The branches or agencies Of said Bank
of the United States which the Treasury Department
has drawn drafts the amount Of public moneys direct
ed TO be placed at each and of the drafts severaly
drawn them, and the rates of exchange between
Philadelphia and each of the places to which sums
were ordered to be transferred.
6. The amount so far as it can be conveniently
certancd, that has been drawn from the Bank Of the
United States its branches agencies, notes Of said
bank, for paying Indian annuities, other claims OF
the Indians on the Government for defraying the
penses attending the removal Of the Indians and in
general the nature Of the arrangements" If any,
"made for the more distant public disbursements in the
notes oil the bank" together with all tho corespon
dence, agreements, and Instructions given entered
into, connected with any all the heads of inquiry
above stated s.
Also that he communicate the nature of the arrange
ments made with him by those banks in which, accord
ing to his report Of the Sd instant portions of the pub
lie money have been placed the credit of the Trea
surer on special deposes" the kinds OF money in which
said special depostes" were made, whether the same
were entered the books Of the bank whether the
identical moneys deposited have continued to be held
by the banks, whether the drafts Of the Treasury De-
par:ment that have been drawn those deposes have
been paid IN the specific moneys deposited and whether
the balances remaining part and parcel of the very
moneys originally deposited,