Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1839-11-29
POLITICAL.

from ue Harrisburg Exporter, Nor u
THE BANK OF The gSlREp sFSiEs AND us "oNi
On the 29h March, 1889 "after the ordinary business
of the day pleed, Nicholas Bddle, Esq FRESH
dent. communicated to the Board his intention OF re-
signing his place in the institution and took leave OF his
colleagues in brief valedictory, marked not only by ms
usual FELICITY of expression. but SlNGULARLf
characterised by an ELOQUENT pa,hos, which was
,eholu ,rressJic,!! among the old and tired friends
his Eiioo LABORERS for the last twenty years
The Presidents resignation was as unique as It was
sudden His fellow operatives were taken by surprise
and nee friend with elected IN hs place.
His erer to the Directors spoke Of 'he relaxation
and repose ch approaching age and pecarious health
required Of his Bank abours for twenty years,
and Of difficulty always heretofore inte'posing to
de,ain rim whenever he sought the retirement he so
much needed
"NONE SUCH" said the President, "EXISrS
NOW An the political dissensions connected with the
Bank for the last ten years have ceased: all lis EXTRA
ORDINARY" CM) ''eF,rts for the protection of our
national interests happily ended and the Bank has
returned to its ACCUSTOMED" t!!!9 ''channe o! bu.
siness in peace lean therefore nihdrcac at length, Nth
0ut and do Mc readily BEC.3jSE
NJ ieace The affairs Of tie institution IN state n
GREET prosperity, aud IN The hands Of able directors
and officers
Manuel Eyre one Of lis oldest Directors was called
TO The chair aad Joseph lngerso offered resolution
of regret which was unanimously adopted In this
mauus resolution, for ii has long tail TO 1t, is The de.
claa,on used The letter, that the President leaves
the institution, with which he IS Identified PROSPER
OuS IN ALL IT'S RELATlONS-STRONG IN its
abilities 10 promote the Interests IF The seessat
mites by chich SurOundsd cordial IN its association
with sister establishments and SECURE in the respect
and cStecm Of all connected with foreign well
domestic intercourse.
The President, Mr. Bidde, therefore, on the 29th
March last, (l should have been the lst Apr declared
publicly the directors, the stockholders and the
munty that the Bank Of the u 5. was strong, sound
and in state Of great prosperity The directors, poor
men, believed him.
There can be little doubt that the monthly returns
al, 49, Apnlf
nsrcy seen BY these directors and that they knew aclu
ally nothing OF the real situation Of the Bank We usk
any disyassun1e 10 examine The abstract of The
turns published paper OF to-day, and then whe
Their possible that these gentlemen could have haG
access TO them the time this resolution passed
The whole knowledge Of the interior OF the Bank, by
the directors therefore derived from simple and sin
gle words of the President.
Mr. Biddle n autocrat-he did every thing wrote
every thing and managed every thing The directors,
cashiers and clerks were his puppets He bought char
te.o made loans subsidized members purchased presses
and retained the leading politicians Of The universal
Wing party. Now, either lie did did not know the
tua condition Of the Bank.
Upon either horn OF the dllemma-the Ex President
10 yored TO death.
The poor deluded followers ore beneath contempt.
We will draw the attention OF our readers tdsa8o
three facts only at present for we intend to examine
this hereafter in detail order to show the
grossly fraudulent character of The transactions Of this
boa,ed institution We shall confnc ourselves now to
the bank note circulation and the specie
On the LIST August, 1888, the circulation
was S5lS1,3s5 Ga
On the lst August, 1889, it was 1888, 1903 %
Being an increase in one year of $747,9l7 DO
OF circulation.
On The lst August, 1888, the specie S73571I ~
,lo a wae \