Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1838-12-27
Iassin sfOn Correspondence Of the Bait Clooaioi
THURSDAY, Dec. 20.
~ TIE SENATE.

Hsssia zion Correspondence Of tho Bait Clroaicis.
THURSDAY. Dec. 20.
~ THE SENATE.
! After some unimportsn, morning bust.
ness, the Senate took up for consideration
the resolution Yesterday offered by Mr.
Rives. Of Va. calling on the Presiden, for
information relative TO transactions be.
tween the
GOVERNMENT AND THE BANK OF THE
! UNITED STATES
| Mr.. Rives rose and spoke with grea,
animation and ~loquenee on the subject
OF the following resolution, yesterday in.
hoduced by him. lie enchained the at.
tention OF the Senate and a large audiio-
~. His speech pioduced great effect.
! R,'oirsi. Tint thc Secretary Of The Treasury
communicate To tIr senate, At aS carly dav a,
practicable the information called FOR uodcr the
4 following heads OF inquiry
l. The period ut which the thiri Boni Of the
Bank of the United States. sold Ia that inSttu-
ton. amounting To- s2,2jt, SCI 81, was placed II
the credit of the Treasured on the books OF the
Bank the terms on which II W., Negotiated, the
person acting on behalf of the Bank, w.ih whom
the negotiation was made; the particulars II any
understandings or agreement that the prucet.lS Of
The same should D. cit on dcpoSic with the - IA
Bank until wanted IA the ordinary disbursement
oi ihc c'overnufcnt; and what understanding or
arrangement, II anv. has taken place respecting
the benefit which might accrue 10 the Bank IA The
tIln>ier OF money II should make to distant
places On account of the Government
j. The p-giod when the sum of 81 600 coo. IA
par, payment Of the second bond OF the Bank 81
The Unuct S,l'rS, was placed g. the credt Of the
Treasurer by thar BANK; and the nature of the
agreement or UNDERSTANDING had IN reference 20
ihc pIytaeut Of part of SAID bond before. AZ 4
al another part, after II became due
q J. Whether auy sum or sums Of the publ.
in"ncY have tr.'1 deposited ~ the Bank OF Tho
Iu'cd states, o.i. than those derive! from tho
p1ym M or sale eft as bonds # 50. tie amount
and date Of each d-?csiic AMI ~ whom and los
whose authority and direction they were made.
\. Ihc aggregate balance standing weekly o.
Inc credit oi thc Treasurer IN tn H.n,. - tho
United States. as branches or agencies: whether
subject 10 dfait or not; rs we! A. the weekly a.
gferaic balance ~ tn Treasury from thu time
the hrsi deposit was made IN the sad hlni. al
moneys arising from the payment or sale Of rs
hondS up iu the present period
/ 4 list OF all the hrlnchc, or agencies OF H..
sad Bank Of ,hr United States on which the
Treasury Department has drawn drafts: the
amount of public moneys directed Ca h.. placed
at EACH, and OF the drafts Scyerallv drawn an
ihein, and the rate OF exchange between Phila-
de!pha and clcn of the places TO which suns
were ordered 10 bc transferred
J W. Nv amount. ~ lar a. ~ Tan hc Cnuge-
nicntly aSccrtainci. that has been drawn from
the Bank of the United States. itS branchc, or
aSrncies, M notes Of sad Bank flr pawn. In
dian annuitieS or o;hcr claims Of The Indian, on
+ the government. or for defTayng the expenses
attending the removal OF the Indians: and IN
general lle nature OF the "arTancemenis," #
any' made Tor The more dStan, public dlSburSe-
mcnis Ia the notes of the bank" together with
all the correspondence. agreements and ins'ruc-
hons, gwen or entered into, connected with any
or all the heads Of inquiry above stated
.. Also, mat n Communicate the nature of
the arrangements made with HIM Is those hanI,
IN which, according To has report of the 81 inst.
portions ot the public money have been placed
Ia TIE credit ci the Treasurer on special deposits,
the kinds Of money in which The said .sp,ciai
deposits were made, whether the same wer. en-
tered on the books Of the hank whether the
den'cal moneys deposited have continued ,n h-
held 10y the banks, whether the drafts OF th,.
/ irraSurv prparincS; that have been drawn On
those dcpnsitcS have been paid IN The ,p,rif,.
moneys deposited. and whether the balances Re-
naming are part aud parcel of the -cry money,
originally deposited.
'te spoke of the rumors IN circulation
and the facts which went 10 show tina, the
Bank and Government had an under
standing. and were 10 alliance. Some Of
these facts he plri:culArzed; a full and
satisfactory explanation was expected
from the President, in his message. but i,
was not there found.
We all looked 10 the annual rrpor, Of
the Secretary Of the Treasury 90 di,,ipa,e
oil these doubt, bat that paper preserves
studied reserve and ptemediia,ed nys.
terry nnon the subject. Afcr all tina, had
been SAID IN the country upon u. after he
bad been entrusted with the sale Of tXo
bonds, be sends Us paper in which We
cannot. with the utmost scrutiny. scarce.
~ find line in reference To the iran.ac.
ton. Instead of giving Us foil detail, I'm
regard to -, be merely says that the bond,
nave been sold-he does not say 90 what
bank. He says something of special de.
rosiies an Banks but nothing ihat will salts.
" the pubic curiosity which had been
awakened on The subject There was
studied effort 20 conceal all the iransar-
tons Of the government with this dread.
ed institution. But CLEAN Of hgh, breaks
through the mystery rom another GUAR
ter Mr. Biddie's letter - explicit. ne
'Peass ~ the bold and uncqn,yocal Ian.
guage Of a man who bad achieved tt,.
umPh lie tell. you there - no longer
any controversy between The govcrnnco,
snd the Bank. lie tell. YOU uha, the
Secret'ry conoeals. that be bought the
bonds and gave the government . credit
for them on BIS books' Hs psiI Tor ,be
bonds 70 the irash--ihe peniient,ar,
ha'h. as The paper IS the BANK has been
eslled here over and over sgsin.
Instead q IN anticipation of -. 5OO 600
Wa IN anticipation 81 { ~ > millions
Another discrcr ancy Tie Secretary Of
ibe Treasury tells you he had ih,s money
on Spscioi D,posW BY,ibc PRECEDENT IL
.he Bank tells you Il was oDea ere}if 80
Nov ar. - an open credit on ihe books
oi tbf Bank the saflc thing uIih a Spe
cal Deposdi The country. uf. will DOT
be saiisbed with tbs thing a. u stands 49,
An explanation y demanded by the eoun.
~. Tbs ibin2 must be scrutinized. and
The Secretary ofthe Treasurv oogbt -.