Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1839-01-08
Ewcnty-siath GoRassess---2u Seas


(from the .Naiionat latci'igsnttr
SPEECH OF AR WIN. c. RlVES, OF VIHGrNIA.
On his resolutions calling upon the Treasury Depart.
ment for information respecting its hscul srra"ge-
ments with the Bank of the United States. Deliver
I'd on The Goth December, 1888.
The f,llowinr resolutions, Offered by Mr. Rrrs yes
terduy, being tuken up for consideration:
RscrcG That the Secretary Of the Treasury communicate to
the SENATE earl! day FacicaS!c the inflammation called
for u.icT tie iolo" ing heads OF Inquiry:
period which tie third huHG VI the Geuh a" the tniIcd
States, sold TO that Institution" amounting 10 2HJls dols 81
cents, placed the cl'd oi the rcsurr ihc hooks oi
80, 5auk, which ngoa,d the person acting
behalf al lie bank with whom the negotiation made inc
cula O: ny unteuadn. or Gods Of
Itr .a.ne should v poc baus until
ed ordinary disbursements Of the Government aad Ma: ma
arrangement any, has taken place respecting the
hcne, which might the bank in the tasr' Of o"ey
should make !" d ,am places account q" the Government
p Tie period huu OF 900 500 hun ia part !Hent
of the he Gark Of the Uuited states, placed
10 the Treasurer hy that huuh and the nature Of the
understanding had IN ',rcucc 10 the payment q"
-aI toUd before and of another part ei became due
B. Whether sums OF ia" public have been
deposited The Bank OF the ""d Saics "ihr than
m sG!" OF lis Jond.; So, the amount and date
er;, aud ly whom and y whose authority a"d &Fec-
l. Tns assregas barec standing weekly the credit of lie
Treasurer the BHua the United SatcS, s hc"s or az n
a, bIIaacc ia the Treasury the dPoi,c
made sa bank "l moneys arising from le ayhe" " suie
OF Us buut, ~ ihu prcsutt period. ~ 90
= \ Ct All Tia" branches nsenres OF The laid bn"S {" ;he
Cn,ed stat: which the r rsry Department has draw "'a'f
: mic directed 10 re placed at 'ach ana
he drifts rally dnNa oa cm asa tue rates {" eAehi"&e
LIZ
,at go ,r =. it cue b. conveniently r,uincd that
has Bank the United States It's branches or
agencies of said bank, for ""l?n %nouic' or
Other ;hc Indians r Go'c'nc" o. Tor tr!ns we
,crGr tie renewal OF tie Indians: and in general tie
ID "'' W ,hr notes o. III. bnns :" together With al
c,rrr.;nnicacc and instructions given "r oUi"d
into all the heads "f iuiy alloy. siaie"
s RS a. ri ne camrrinic.,,r Of the
s mud. Win him b, los. banks, which, Gccordin. To his
report the ~ Instant portions ct The pubic money nave trn
lcrI 10 the crcd, oil the Treasurer ,cal dcpocs, The
Su! which The rrcCh dcpu>it> hd'F
whether The entered on r ""ks =" the "'nh M'"f
banks wh n the Treasury Department that have
becn Drawn Oh these paid the specific
dced and whether the balances remaining are ai' ~" "t'
Of ia" ""ry moncys originally deposited.
Mr. Ryrs rose and SAID The resolutions just read,
Mr. President carry, in a great measure their purpose
and intentions on their race. Sui 1t may he ex"ced
Of me TO state some what in detail the particular
views with which they offered and the scope Of Il"
information they designed |" elicit The first res"
ltion will be percci"cd, relates 10 the negotiations
and transactions which have recently taken place hr
to ecn the Treasury Department and the Bank Of the
u : and j. Intended - ascertain the precise relation
which at present exists between the government ana
that institution For several months past runners G an
exranrdinary character have prevented, that. n"twh
standing The commissions through which the country had
d. 10 pu, an end the fiscal conneXion formerly
2 a;sng between this institution and the Government,
the Treasury Department, had recently entered into
arrangements with il, which, 10 great cSie:, renewed
tina, ccuncAion Runners Of tins sort could not fail
awaken n high degree of anxiety we'll as surprise
The publ.c mrd NhcH he seven years war, which
had been prosecuted by the party in 4" put down.
and kerp down this institution, was r"co'lrclcd; lien
III. constant and loud dcnancations directed ngainst It
By the Administration and lis friends :!ii ringing
in The of the people, they we're slow to trte'e
that so sudden and extraordinary change Of Prsi.
ton could have taken base on the part {" the Go
veiument
!. was true that the Bank Of the United States
he ID lis charter under the authority Of the State OF
and 10: Of The Uncd States. But his
tai I,rl1 al
Admin stra,ion and all lis present prominent supporters,
had nat changed the essential character Of Ia" msn
ton or ivsseuyL lis dangers 10 the county The had
Of the Administration himself vrk carly occasion,
after the rrhartcr OF the bank by In" State Of PcnnsI
yaDia in letter addressed To assrmGdgp ot hls lei
low. citizens called together TO celebrate .t'e einancpa
ton Of the country from the Ia'dom oi The bank, to
clare tina, this institution, under lis State charter GS
stu the same pocer fighting under the same Ycnoiy ard
only rarprg tkc mG"ncr Gf its approach The Senator
from Penn. (,lr. BuchaHan) | need not sny "nc OF
the most distinguished champions OF tie Administration,
had aso addressed letter his fellow Citizens in which
he eloGuenty ard torcby denounced ihc Bank OF The
u S as Iccharersdty ms own State. lie pronounced
il be 1.-THE very same monopoly which haG heretofore
convuised the country With The same capita! {" o,"U'l
300 owned b. he same stocsHo1eIs except The u.
States and pGided By the same controlling viii the
same monster Laak recalled into existence by the Lee
psIature Of Pennsy Yuna, but with powers and paw
cges greater aud more dangerous than those which had
been conferred on il by Congress. The Senator from
er of the financial policy, at least, Of the AGmnsira
lion had uso sgua.!zrd his zeal IN the same cause
We all recollect the alarm ne manifested bnh during
The extra session and The late annual session OF Congress-
est this dreadful institution should repnsscss itself {"
he Government deposs and tina, he declared he should
consider such an event OF the deepest dsgIacss
IS wei! as dirrst caan,irs which could fall upon the
country II but tie other day we saw published
ei,er Of the Senator 'I"m Missouri (hr hen'"nl IN
hch. speaking Of the present Bank Of The United
States he declares. in his emphatic PlrGsco'"Gr ''we
,now il is mere wicked, and have The authority Of
Is President tina, it is more powerful than ever
With these accumulated macdclinne o. The Admins.
ration and all its leading supporters tie present as
rej, ms former Bank of tie United States after the
,nn and Consistently repeated declarations Of unc"mpro
nising hostility to H. 1t was hard to believe without the
nos, uneqnvoCal proofs, that the Administration coutd
entered into any connection with d. nounccc and
ireaGed an Institution. Notwithstanding therefore. the
L. lone uIens which frorn lime u time gave an in.
,reasing probability the OF this cOnneXinn the
public mnd still ncredu!0us. and awaited with anX.
ETY. the further disclosure of facts. 10 this Stale OF
hines CONGRESS assembled, and every body looked with
confidence the annual report OF TIE Secretary OF the
asury to clear up all mystery on subject which lad
,,ifac;ed so much Of tie public attention. and which
!eerly concerned the character 1i the G"Vernmen, as
we'll as the Interests Of the People. But instead OF IN
ormaiion there seemed 10 be studied reserve and an
,iguily oud almost ,o,a! silence in the Secrrtarys re-
port on the whole subject. Although he had been
,harccd by en- &c, of Congress with special trust, 20
sell the bends Of the hank held by the United States
md nothing seemed, therefore. both more natural and
proper ;lan that he should render Ia Congress an eXP
III account oil the manner in which he had executed that
trust ye, all that he says Of the slightest importance on
hat subject is comprehended IN this single oacuar line
The sale Of one of The bonds becoming eXPrdcn,, IT
was effected within the limitations prescribed or the
o.ciic terms Of the sale, 10 whom Sold the mode OF
pa nen ard other particulars Of the transaction he is
altogether silent Ii had been stated and generally be
evfd tia, the bond had been sold TO the bank itself
i;u there is nothing in the report which gives the slight
naturalization of who the purchaser was Then, as 10
the proceeds Of The bond, what was done with he'n
where deposited, how applied, there is the like mySteF
Gus reserve and ambiguity.
"e'e is nothing in The repo:! Of the Secretary even
10 ass conjecture this point but snail document
su'J'" |" TINS report which lie calls "a list "i banks
III nun Ter'at derosjiss have been made to The credit
OF 'ne treasurer o the United States derived emily from