True American. [volume] (New Orleans [La.]) 1835-18??, 1839-04-09
TIE TRUE AM ERICAN.
EDITED nv JASsaN GIBSON,
FAITHFUL AND BOLD,
u H. w Or LIZ MS:
TUESDAY APRIL 9, 1889.

Nj HcLAS BIDDLE.-1t is not our intention to enter
into any eulogy the distinguished individual whose
name is at the head of this article. For the lust ten
his history has been part, and prominent part
Of the history Of the country. With Mr. Ciav he las
divided the envenomed shafts of the Administration
party, and like that great statesman and orator. asas
them also he HAS stood and firm pnnop led in his
conscious rcc,ilr and unwavaring patriotism. From
the momcnt he would convert the institution of
which he was the head into active and ready ma
chine Of the governments the phias of their wrath
poured out upon him. When he refused to displace
Mr. Mason, of tho Portsmouth Branch the advisers of
President Jackson became satisfied that he could
he rendered subser,i len, their schemes and purposes
Up to the present time, every ephet Of abuse and
umny that could be r,k.d up from the kennels of
s!nng. have heen hcaped upon HIM. He has the
tempest sweep around him and him; aud If at
times the equanimy Of his temper has been disturbed
and he has felt annoyances which public man is
exposed, the responsibility Of the station he occupied
and his 'esre not only for the interests of the instin-
| ton, but what paramount to all, his eountrvs
welfare has ncrved him against all, and detained him,
where he could be OfmOst service. His retirement dis
arms the ruling powers Of one half Of their weapons.
They are almost placed ho,s du combat and obliged to
leave the field. We scarcely conjecture to v hat
they will next have recourse. Surely they will not
keep up the hue and cry, after he has thrown up the
power which they have attributed to him and since he
is no longer at its head their cniry the institution
itself, must cease 1t is nothing than State
Bank, and cannot he more obnoxious than The Girard,
or Union, any other large banking insIitalon. Some
other hobby must be hunted up-they Gun ride tho
U. s. Bank aud Mr.. Biille no longer
1t was matter Of surprise, to those who knew Mr..
Eidl1 in his earlier life, and had been acquainted with
bis predictions an! pursuits TINT he should have been
called to the head of large moneyed corporation
| His tastes and the tendencies Of his mind seemed to
point in other directions. 1t had been supposed TINT
he devoted tn the refined pleasures Of literary
life and the delightful labor Of gathering the ripe I,ar-
of The ntelligences, who have left legacy
| 10 roSrrity-a mine Of mind, "anne xed with baser
matter, and that rural objects lovely an as
pect and well adapted to his iuclinatons, far
him to coop himself in city and brood the dry
details, and inhamonous specuations of the fnancic
At Old Nassau. however, he distinguished for the
ccarness Of his views and the perspicacitv and ele-
gance of his composition. As an essayist he had no
superior in the institution; and in his communications
| President of y. s. Bank, and finance, he has
h:oted csarness and precision, profundity aud
thorough knowledge Of his subject, together viii.
concseness and a conIesa,ion rarely TO be met WITH
il to he met at all.
Various concctures have sprung up, among the quid
nuncs, as the reasons of Mr.. Bhlllc's resignation
We perfectly content with those he himself gives
One Of the was that he would be called pre-
side the Treasury Department, but know that
Mr.. Van Buren, has not enough to make such an
| appointment however desirable. Another is that the
Bank is to be selected the fiscal agent Of the Govern
ment. The for disbelief of the other,
will apply. The clashing warfare of Bank and State,
will never he hushed long the Globe is the organ,
and Blair and Kendall have my connection whatever
with the Government His satisfactory.
lie has been actively and unremi,tingy engaged in tie
business Of the Bank for twenty years. the last
which have been years OF toll and anguish, swcctcne
alone with the consciousness of having guided the YES
sci under his command through storm of ulc xampleI
| violence 10 heaven of safety.
Ii is said that Mr.. Bidde, accompanied by his family
will visit Europe. 1t is astonishing that after his
years of labor he needs relaxation As it is else
where very properly said "IIc carries with him intu
his retiremcnt- indeed he shall be suffered to remain
in re,remen,-t,e best wishes of the commercial COM
munity of the Union"
In paper of yesterday announcing the resignation
Of Mr. BiddIe President Of the United States Bunk
of Pennsylvania, VIC had not time and to lay be-
fore readers the following interesting correspondence
III IcatiOH 10 tllut IhlPoItuut EVENT.
BANK OF THE UNITED SrArEs,1
| March 2g, 1889.
At meeting of the Bourd OF Directors ofthe Bank Of
| the United States, held at their banking house this
morningl after the ordinary business of the day wat
con'peled, Nicholas Bi,ldc, Esq. President com
municaed TO the board his intention Of resigning his
place in The Institution, aud leave Of his colleagues
in fvaedictory, marked not only by his usual e.
Lefty of expression but sinsuary characterized by
eloquent pahos, which was wholly irresistible among
the old and tried friends, his fellow uborers Tor the last
twenty years.
Upon MIR. Riddles withdrawal, the following le.tc,
from him 10 the Directors presented, and read.
To the Board of Directors of the Bank of The Un,c,
| States.
Gcntltnen-l execute purpose which, you are
aware. have long nedated, and which, minated to
the stockholders their first meeting under the new
charter that of retiring from the direction Of the bank.
II Is now more than twenty years since entered itA
service. They have been years Of intense labor and
they have earned for right claim the relaxation
and epose which approaching age and precf rios health
require. have waited anxiousIy for the most appro.
pfietc moment at which could be best spared, but
hitherto, whenever have sought the retirement | so
much needed, some difficulty in which my service was
such exist All the political discussions connect
with the bank for the last years have ceased all its
extraordinary efforts for the protection Of national
interests happily ended, and the bank has returned
to its accusomd channels OF business in peace can
therefore withdraw at length without Inconvenience,
and do it more readily because leave the Affairs OF
VI great prosperity, ana IN the
| hands Of allie directors and otcurs.
This separation from friends with whom I have been
$" leng and agreeahy late is among the most
painful acts OF my life. aud pruy YOU to acce ut at part
ing, my sincere wishes for the personal welfare Of YOU,
! all.
n. BIDDLE, President.
Philado phia March 90, 1879.
| Wha'euron, Manuel Eyre, Esq. was on melton of
Joseph lngerso Esq. called to the Chair and The
| follow Ing resolutions, offered by Mr.. Inscrso ere
unanimously adop-d-untla Committee consisting OF T.
X. lngersoll, Ambrose White, mud Caci, Cope, Esq
| appointed to present the Mr. Bddle:
Resolved, That the Directors haze learned with I'M.
feigned regret the intention of Mr.. Hihde to Withdraw
from his situation President Of the Bank of the H. :.
Dor many years the best interests u the institution
der his especial guardianship have been proec ted and
promoted with devoted fidelity. untiring zeal, and sh
ming Abilities In both periods of lis corporate exist
| ence, it has been exposed 10 continued assaults and
| surrounded " it'll complicated difficulties. Power nd
prejudice have array ed themselves against in active
| Hostility popular feeling and official influence nave
been exercised IN anxious attempts TO disturb its
engagements and check ills prosperity. But it has not
ceased to prosper. More than one n,oned and political
| crisis has threatened the institutions of the country
with serious loss absolute dest uction. It country
aud ITS institutions have nften survived the crisis
and they now stand erect and almost uuhurt from the
peri's to which they have been exposed During these
eventtu periods aruous cfrs have been sustained Ly
the Bank OF the U. 5. and the largest and most eff CT
i've share of successful excron mas been contributed Iv
| its presiding officer.
"The Board of Directors it themselves and to
the stockholders whom they represent in accepting with
deem TetHcinuce the fpu hon