Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1839-10-29


.,-.n,s ,,-ye ma !. yri.h The Gov-Jnrnent fer ihs
more distant public disbursements IN ne ""es % a.
Rank" Here them seemed 10 be "confiruuiion efong
from one Of the hg'. contracting parties "i ali mat 'n'o
had nlep,d ~ rrrd,d the renewed fiscal connection
between The Go,srnnrut and HI Bank of the u =
enough most GssuedIy 70 Justify, AID even to demanu
enquiry. . ,, cav If
with thrs. facts aud r~7rhiluns nti"re me osci"s"s
transactions "a dc., violation al law OF Congfess 10
open contcI1; OF nra"r pf"ies>"ns my - vs. hd
dealing and sincerity 81 IL. hnencah c"''"e
held back, from any !sar Of the ooaprd;nr re
and failed 10 unravel the public view pfocteo"s
which esemed IN ,s Of such ey!i example, as wen as
wholly indeicnshlr in themselves s"o',a "o' =,
snegn myself craven son o. Tue 20 bo','''""' ~
te,v unworthy of the high trust OF representing her "
nor md her rights so felt and thought, seh'ie"e"
and did not hesitate, therefore at once ~ present. tsso
lupns calling upon The Executive tor iuii 'ho'l'aon
in regard these egitimate transactions. anu VIZ.
was shewn by TIC Governments own ais"et " ~
.3 Whv Thar IN ts sale at par Of of lis bonds Tor
tao and quarter t.iocs Of dollars to me BANK, "hch
the &C, Of Congress authorized TO De s"a o. s par
for 4norep in kQnd only, was agreed between 'ie
Government and the Bank that inc aHount "ae " o
maid in ios,aments not eEceedtRg IuUOUu nohH,
recurring period Of five months 10 accomplish Tue
whole payment in. see around me gentlemen OF Pfac
teal experience in such matters, TO whom hgh. aPPea,
for the construction 0. such transaction as 'ns ou'
surely it r. Qures nothing but common Understanding
of few plain English words TO decide that mus was no
sale for 'money hand, but for money 10 De paio a.
future stipulated periods and IL manifest Voiaoh' sie
fore Of the law uader which u was mace.
In regard 10 the other bond Of the Bank, the
of which was anticipated, the TRANSACTION en'esep nv
hv tbs nove,nment " it the bank alike ndeiensioe
Like ali the Bonds executed by the Bank TO the
for their portion VI the stock OF The oin Dank u o'e
interest from its date the 4th OF March 1880 me oohu
in ouest;on was payable on The 3Oh Sept ISIS and was
fer about 50 300 600, two millions, three hunofea 'nou
sand dollars,} priacipa and interest on the ION u
August preceding, (but SIX weeks before lis maturity
the Government entered into an agreement WIN ''e
bank for dschaging This bond by successive nseimeMs
10 be carried TO Meerei Of the Treasury on me Ooo6s
and the 18th Of October respec lively Those ihs'ai
snen,s were to b. entered to the credit Of the Treasurer
on the Locs Of The Bank only, on The respective aa{s
mentioned bul were not then 10 be patd 0"f oh we
contrary, the agreement was, that they were ,o'e
main on depose the Bank, aud TO be PAID OUT rom
time 10 time as occasion might require, on Cia''s 10
be given in favor Of the public Creditors Ana yet y
was expressly aereedby The Secretary oil iEe treasury
that "in,erest saoud each J these tnStatmen'S;
not from The time Wben they were paid "ut, or Drawn
for but from the day on which they were carried to The
Now, gentlemen, think you will say Il was nothing
short Of downright sporting with The public oce com
mted TO his charge, tor the Secretary o. he treasury,
without OF law and without necessity Cor VINO
can alleee that, with authority IN lie Secretary
hapds the time 10 ssue Treasury ru!es 10 Tue iuI'
amount of the Bond, there any Necessity 10 an'c'
pate its payment, only six and two WEEKS before u DC
came payable By is limitation AS sensible ano
unsophIs,ica;eo G,en, say gentlemen, you cannot ou'
demand what right justification La- -s1tretsry nae
,huso RAKE a" a.--agcmeri with The Bank for stopping
interest upon public debt bearing interest," oe1oie i
was paid VI even drawn 10!
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