Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1838-03-01
Domestic News.
TIE BANK OF THE U. sTATEs

TIE BANK OF THE u. STATES.
We invite special attention to the report
oi the Judiciary Committee, on the Bank
OF the United States, rs an able document
upon most interesting subject. The Wash
lnSton Globe thus announces and ci,arac
tcriZes ii:
MIR. Grundy. chairman Of the Judicia-
ry Committee, has made very able and
unanswcrable report on the subject of MIR.
Bidtlles late fragrant and arbitrary over
throw OF the old charter 0f the Bank of the
United STATES, TO set up his establishment.
lie report shows that, ithout Il scmblauce
OF right, In direct contravcnton of the char
ter, he scqucstcrcd all The property of the
Old bank for the benefit Of the ncw-,bat
he took no steps towards IA settlement and
l'IuIoalion OF the affairs and accounts of the
corporation as expressly required by the
chartcr- that he presented no schedule OF
the debts ~ effects, and allowed the Gcncr-
al government no access 10 The accounts OF
| an institution which it was bound To sec
honestly closed; that, instead Of w:uJin"
up the concern, and cancclliDg the notes in
Two years, hc now reports nearly sit, 900
uUO OF It's paper on hand us Il banking li,uI
and Is actually passing out millions Of this
money, atler the 'iusiitutiOn is .isiuurr. os :,
circulating medium. In a word that The
President has ble ndcd the two Banks. and
gone OH: with both, in utter Disregard of ulI
law.
These facts have bcen before aIl,,dc,I IN
III The newspapers, but they have now been
the SUBJECT ot imvcs,i CATION; have assumed
an authentic shape, and have been tested
ny tic Judicial acuIncn of The ablcs, juri,ts
OF The country. The report therefore, NAV
nc looked upon as perfect legal discus
sion oi the tlattcr, and the result of Ike
INJURY equivalent in point Of authority, ms
regards public opinion, to an elaborate jud,.
cal Investigations"
The facts embodied in ilr. GrunA>'s re-
port will all bc found in thai part which we
publish 10 day. The reminder of the dor-
utncnt with The bill Tor the SUPPRESSION of the
"Ecsutrcct"n Norcs" will appear TO NOR
row. The importance Of his in,cs,i- ;:tiou
cannot s.c ovcrratcd by the pubiic-Ly ,he
South particularly, which ha, been 1h.
principal scene Of Mr.. Bid,!lc's oprrotious
with Ills irresponsible notes. Millions ON
millions have been pun in circulation om,r.
us and ii is no idle question whether the
value OF those millions does no, ,lcpcnd sole
ly upon tl!. irail foundation of II sn.cuIu,or..
honor, without The security n! any nossiIl.
legal redress. This fraud has been prac-
tlscd upon the country bv AN in,ri;u,io,,
which hoas'cd Of its ability to have CON
lin"cd specie payments. and that il only
stopped out of Il tender regard to il.c condi-
lion OF the weaker banks-5y an institution
which claims The high rcroea!ivc orrccula-
I'm: The currency, standing sentinel over the
conduct an! honesty of eight Hundred way-
ward corporations, which (poor focls.) arc
liable to be scduccd, and therefore need the
surcrintcndancc of an intiliihlc Dictator
hy an institution which Il. one of il, friends
boastully asserts, "with the effective CON
troll Of ON: hundred and fifty mGI!ions Of dol
lars, believes and declares that no rcsnn,n-
ton OF specie payments can take place in
ibis country till new Natiora! Eu,,, !.
chartered by Conercss!!"