Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1838-06-01


contend for lis power alter amend repeal enforce
th. laws il does pass loss for power to pass the
bill under consd eraon; goes WITH and IS part OIL Inc
power ufitgisatioa graned 10 Congress by the Ions
tuition II is Of the very of Legislation inst vice
or mischief growing out of one law should be aoaeo VI
finished by another law; that where law has opened
door for fraud, another law should shuit conteho's
that every part and parcel Of the bank law OF ioi"
has not been fulfilled, repealed, Is now IN d
effect and further contend, that ihnt sec'io " ~
provides that the bank II created snouiu' W'n WV has
after the period Of its Limitation, wina up i.S ,a,o
neither been repealed nor cnhipiieu "..'' ".1 -" -
fore IN force; and that II iutthef re- i; 49,, oI
TO compel compliance w''hs pf"'','"sc: 20 nov ,rI
the right, but the duty. ut Congress 10 aiou H.
bank was allowed twoyeas TO wina up Jus concerns anu
close its business IT, instead {" Closing t " III "'' y
us they pretendea 70 90, t.ey n"' 50 v" ~ I'D b,d
to draw IN ana eane't al IT'S "''' 49,; E;,d
been unable |" perform .'e uuy ~ cn,os e., h 90
dues any person doubt Inc power " eoneFS' "
ex ended the time: why "'F,, ""e" '"ey nov A..
nOlorious'y with 6ad J".H' anu "''e PeI"':''eu W.
years 10 run out wilil''u' d" eA''', '"u' 'S rf
rent, without the sIgh'est 'n,en''oh' u "i'1, INV "
notes from crculation cahh" SohgIess e'n'Pr' NV "
comply with their engagements ana punish mem iu'
continuance of such open ana Migrant violation Oh IL"
and duty?
Bot, MIR President, we are told, IN answer 10 every
objection 10 continuance OF tins fraud that IL 70 NV
the late Bank or the u STATES eharVfea Wy ~ ,L
but The neio BANK OF the Y. S'a'es c"df'rHo ~ w
State Of Pennsylvania that pefPelra!ee H. i an
unwarrcnlaole mputotIon on me Vle''ance a"u
OF the constituted au'hnriifs OF fen"sy " f
pose for moment that such eau be the fact The BANK
Of the S. chartered by that Stale Is expressly pro-
hibted from issuing notes OF less denomnauoh Una"
ten dollars nnoer PAIN OF on lh''neua'e o''e' VI 0
charter MIST OF The millions nf inc paper Oh 'he is'e
Bank OF the u D no" IN circualoh are ho'eS VI J'0e
dOitars and therefore repeat, that violent presnnp
ton to charge that bank with such Jolly My lie on IT,
that he constituted authorities OF PENNSYLVANIA were 10
charge II with this violation oil lis charter, IL "oulo
Dan II tho nj nn
locks at me; you cannot say twas that did it, And
90 Sir to the directors of the late Bank Of The United
States and charge the npon them, and their ready
and evasive reply will "Ue do not issue these notes
The charter under which We once acted has e2Prta -
The Bank we once directed is defunc," And thus, Sir,
they "paller in double sense; and by The vest fqui.
VOCATION Perpcrde, and may perpciunc fraud, unless
Congress interpnses its power to prevent The time
has been when the good old maxim qn, tacst per ddm
fact per Sc ineligible and valuable; but modern
bank iegtrdemain and h0cuS p0cRS nulIes It's Saulary
principle with the and conplacency with
which has heretofore deed your laws and disregard
ed the plainest obligations of commercial morality.
The whole amount of The game played. 10y the late
bank is this make myself trustee or agent for myself
and by that nvolnllon OF terms, and consequent conu
sion of ideas they are enabled to assume or shut olga
ons, interest policy may dictate Nicholas Bdole
& Co, President and Directors ot The Bank ~ lie Y. j.
of Pennsylvania become trustees or agents for the
Nicholas Bidde IL Co. Directors of the late Bank Of the
T. and by quibbling, lrickery, and cunning, one is
made to mean two, and two TO mean one as occasion
may prompt.
Suppose, Mr.. President, that the State oil rennsyira
MIA had not chartered her bank and OF INA, BANK
undertaking TO wind up the affairs oil Inc lae bahK W
the United States that you aud or other individuals
had assumed that duty think you TINT by issuing ana
relssuing ice would have been permitted To Keep IN CIR
cuaiinn millions of the notes ct that Bank up 70 lhis
time the end of time: And If not to what other law
but the law Of Congress shnnd we he amenabe Tor The
altemp, to do so Suppose that the Bank OF the United
States OF pennsylvania should forfeit lis chnf'rr ana
cease TO exist Is II Pre'ended mat mere ""uo u no
power 10 ~''h"ia" f"'h '"cu'""o' "'e ~" ~ W.
uon ano that she sht by another deVce' keep III CIR
cuation as long as she PIeased all the paper s"e ho"
mas on,: 81 ,
Wr president, j, as Chairman OF ''e Snh''n'''ee U"
the District OF Columbia; have reported 70 Inc senate
blli 10 renew ana e1enn me charters o lhe SIX oi"hs
o' TINS Dis'rct whlch all expire ny na'o" VI I""'
on the fourth ct July next II thus b sI)pclco does
any person pretend thu these banks couo, uhcff any
preexl, or by any device be permitted 10 continue To
and reissue their notes. have also, reported,
from the same committee two bills granting TURNER tHe
70 two banks oil tins District lhat stopped years ago. 10
wind up their concerns deemed II my duty, before
making such report 10 ascertain that The trustees had
been using due gence in closing the concerns OF these
banks; and especially drawing in aud canceing their
notes Had have found that they had been rem'ss IN
this duty, | certainly would not have recommended
further indulgence and 1t world have been the duiy oil
Congressto apply The corrective; ana ASK on "he'he'
any OF these District banks are more oiecliy ana e*
cluslVsiY lhe creatures OF oongeSs 'nah was VIC ''e
BANK OF Inc Uhhed states: u r
mere can Of no douOl t1at lhs oh' lHe p"''s'nS VI
which are Applicable 10 all companies inc,ipoated ny
Congress has grown out OF the conduct OF The ae BANK
OF the U S and it does seem TO me That II 1t could be
w"ua moi DC N ,s ra'ssd a vce in