Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1838-12-25

The bill fur!hrr /" ;ostPune juurtn lraIan-nt o
| the dcpo-iie w:,h lie Siaits
The bill Tor The relief Of Na,ec LOOMS and Abe
Gay. was, u:,er considerable GrDae, Fostpo,,a unlI
| Monday n-Ai.
The question ordering The bill for lie rri~f o
Laurel u hilauLon 10 iAih ssdIag, was reconsider
ed: and the bill! after considerable ceba;c.
m!lted 10 The Committee on tie !ud:claIy.
TiarsGuy Dtscaaer 90 la35
| ~ SENATE
Mr.. Benton offered The following resolution: which
! considered and acopled
ReSOired That the Pres!rE; OF The United States he
requested &c 10 lie smg.uncaicd 10 the Senate
copies Of all the orders and Instructions issued from
Washington city, ~ heads oil Departments and the Post
master General! relative 10 tie Kind OF money and bank
notes which might be paid "u; account oi.e United
States or the Post Office Department, since the u day
OF pill lSli. WHEN Congress- by law, Iorb!J any Oak
note 10 be '"iefed IN payment on public account IN
any whatsoever, except Of the character and de-
scrplion there specifically defined.
Mr.. Benton also offered The following resolution,
which cmnsidtIrd ant adop9G:
EeSH!rrd, lnaI HE Secretary OF the Treasury I've di
rected IL the Senate: "a.y may be
cunvenlrul a!r hs Min! returns for Tie present yea.
!ecei"rd, stait ~. rs showing:
|. The amount OF !m,i"s.s and exports Of gold and
silver and bullion since iir Passage y! TIE act tor
cufec!r. the standard Of the gold Of The U. s
and cor admitting lie silver coins o h~xIco and other
countries 10 legal circulation "! hI the Sa!,s, pass.
ed junr, l-:ti.
9 The amount OF gold coined a, the Mint and its
Branches since The gold bill %. 1894 took effect d!slin.
gushing Tie bullion from which the was cOIHsd,
w 5 show how much coined from inIrgn gold,
how much lion! United States CONS Of the former stand.
ard, aud 10" lnnch from gold OF The u 3 TI!acs.
>. The annual average I'll the notes Of the late Bank
Of The u s III circulation during the existence Of that
institution.
Mr.. Morris asked leave 10 reconsideration Of
the Of yesterday by which the bill punish the
counlsrfsIns u certain coins, passed; which was
IianIeG by unanimous consent.
Mr.. Brown. on leave, and in pursuance Of notice
gTcn. introduced bill! supplementary 10 the act esta
bii-hIn. branch minis Of The l.. s.. which read
twice. and referred the Committee on the Judiciary
The resolutions submitted yesterday. by Mr.. RIves,
proposing certain inquiries oi Ihe Secretary q The Trea
surg, coming Up for consideration
nIr. RITes said he would submit some OF the reasons
for offering them in detail than he lad al first
intended The resolutions have special reference 10
certain Transactions which have been lately uryed 10
have taken place between tile head Of the Treasury
Department and The President o! the Bank of The s.
Fer some lime past, Notwithstanding the long and
afduDos struggle between The Administration and this
institution, Tuulors have been prevalent that
angrmcnt has been entered into BY winch has pracl
c"y become The fiscal agrn, Of the Government Does
The whole country recU!cct that tie present Pesi
dent took an early accession, after Tie Bank had
received lis charter from The Legislature Of Pennsyiva.
ria say that II was the IN character and effect as
the former Bank: Did not The honorable Senator from
Pennsylvania Mr. Buchanan that it as The same
vast monopoly that had cUnvu-ed the coumtry-lle
same thirty five millions Of capal-ihe president
II
recni!cct the zeal of the honorable Senator from South
Carolina Mr. Calhoun who has taken disling uishcd
part in supporting the fiscal schemes OF the present Ad
miustraon, On the same subject. The honorable Sena
from Missouri, Mr. Benton in referring to this in
suon, said hat 1t was more powerful than the former
Bank, aud wicked as well powerful Now
tuking the views Of the head aud great pillars Of The
Administration party into coHs!GeaiiUn Il Is surprising
that Ibis denounced institution more wicked and more
powerful reins!aled in all lis FISCAL relations with
The Government From the prevalence Of these reports
ct the assembling Of Congress all looked 10 the
port Of III. Secretary of the Treasury to clear these
subjects 5ut Sir in this document, this Eat!c there
appeared be prsmedtaed reserve and studied umbi
guilty. Congress, al It's previous session, had authorized
the sale sf OF the bonds Of the United States Bank
held by he Government The Secretary should have
Clearly stated 10 Congress The in which lie had
executed The special trust con.ded 10 him. but
with the utmost difficulty, after the most minute scru.i
nv ,ha, we fad lew lines informing that The
Secretary hns executed this IN accordance with tie pro.
visions uf the law
In the list Of banks dcnomnaird special dcpostores
Of tie Government, told that special GcpGsitss
made in The Bank Of Tic United States, derived from
debts due from Bank; but from what banks the debts
are due or on what conditions the de posiies made,
tie Secretary is wholly silent lie thought that ainoi.
guilty Of praseoioay had been dtsigredy used to con
Ceai this transaction The public have aley had let.
ter from the President of The Bank, in which he
out in hold language with tie air Of c,an who has
achieved triumph lie tells us that arrangements have
been entered INTO, by which the Government has been
United States! that the distant disbursements Of
tie Government had been made III the notes Of the Bunk
these rags, this miserable trash as they have been de-
snnated by the honorable Senator from Missouri. Now,
let US confront the c; tine two high contract
ing parties The Secretary does MT Tell you to whom
tbs bond sold the President Of the Bank says
was disposed Of 10 the Bank and paid for by the credits
on the books Of the Bank-a credit to The Treasurer Of
the United States the books of the Batk. The Sc
crsary of Treasury says spccI. deposIte
the books of The Bank All these matters require ex
plaue,on ard the Secretary should be glad have given
him the opportunity.
Was this a mere sale Of bonds il not 4 scheme
10 rcinslale the Bank in lis character OF fiscal agent OF
the uyc.nMcn;; Was not the sale mere form for co.
verinr the transaction; These ME questions ha! con.
Germ the honor Of the naiGn ana full and unequivocal
answer is expected The public have right TO know
on what terms the coalition between the Government
and the Bank has taken pace-who furnishes the auYil'
aries ard who furnishes the sujsides whether the Bank
has r5dcacd The throne that il may be The power be-
hind the throne, greater than The throne itsclf
Nr 4 gave extracts from the Baltimore Chronicle
md other Wing papers, 10 prove that by IAN insensbIe
proccs already commenced, the Bank ui The u states
would. without the concurrence oil congress, Oecohe me
fiscal agent Of line Government why, SIR, TINS wouid
be \ National Bank and National Bank III It's worst
iorm-cIosely allied with the Executive; a State ns
tuition espoBsbe 10 Congress- and irresponsible 10 Inc
peo,e cav Sir. IL this ''Insensbe process, already
need to be consummsleG, it will luTn that vast
concentration OF The moneyed power, which The ifeSi
dent! in his late Message, speaks OF with S" uch alarm.
If this nsensiLle process 10 10 go on u Tins coalition
between the Government and the Bank is to be com
plc,ed will say-as said Of another coalition in
another country-in the name OF my country, ioft!d
the banhs
Notwithstanding the many homilies we have receiv.
ed on The necessity Of severng all connection between
the fiscal affairs OF the Government and the Banks, The
President and Secretary have given The most uneguivo
chi nronl by their example ard practice, of the supcr'o
ry and amos! Indispensable necessity OF bank agency
in conducting the affairs of the Government Aud The
connection with banks is attempted TO be got over ny
dutbiun Ii banks special repositories What are these
special repositories? Banks employed a! The VIII and
pleasure OF the notwithstanding them solely Execu
,ro,,, nd yncu,ive W nil. the Ike