Martinsburg gazette. [volume] (Martinsburg, Va. [W. Va.]) 1833-1855, 1839-01-02
WEDNESDAY MORNINGS JANUARY 2 1899.

ss1ss ~
i power as ever, bearing tho same standard
and fighting for the sama object.
Mr.. Buchanan too, (the Sub. Treasu.
ry Senator from Pennsylvania had So
iemnly asserted, soon after the new char.
,es was obtained, that the Bank was as
dangerous as ever to the liberties of the
country--thai twas the same MONSTER
--posSe ssing even greater powers of mis-.
chief, and animated by a stll more active
spiri, OF malignityl
Mr.. Calhoun (who is the front rank Of
the Administration torcesl took strong
ground against the Bank ever being a,
gain the depository Of the public money
and declared that such occurrence would
be triumph Of a corporation over the
Government.
Another champion Of the Sub Trcasu-
RITES, MIR. Benton, did proclaim that the
institution under its new chatter was
"moro wicked as well as more power.
lul.
"Yes," cried Benton, across the cham.
Der. 81 say SO still :---more wicked"
tn the face Of all their solemn declnra-
tons, (eoniinued Mr.. Rives) the country
receiyes the astonishing intelligence that
this same institution has become the fis.
calagent and depository Of the Govern.
meat.
lie then proceeded to remark that those
who heard these rumors with increduliy
had looked to The report Of the Secretary
o. the Treasury to dissipate them. But
what did they find there ANY thing
contradictory 10 the stories about The
Changed relations Of the Government 10
the Bank 7 Nothing. There was the
most studied reserve, and most carefully
pr -sneditaied ambiguity in relation to the
transactions Of the Treasury with the
Bunk, which the public had learned from
other sources. The Secretary dos. not
even manion To whom the bond was sold
lie seduously Keeps back the fact, that il
was disposed OF to the Bank ilsefls In
the list Of Special Deposites which accom-
pany the report, we find the name of the
/ United States Bank but as To where the
special deposites in lis possession came
from the Secretary is wholly sont, in
short there is throughout the document
every thing to whet and provoke curiosity
--noihing to satisfy il. Ga the contrary
themost awkard aud ambiguous phraseoI-
ogY appears TO have been purposelv an.
pioged to cover up and conceal their
transactions.
fortunately in the midst Of the clouds
and darkness with which Mr.. Secretary
has left them surrounded, a light breaks
in from the other ofthc contracting par
tea. There is no ambiguity; no III donate
reserve in tho letterof Mr.. BiddIe. He
speaks with the plainness and energy of a
man who feels he has achieved a triumph.
He proclalms cessation OF hostlitiss.
He speaks Of arrangements by which the
Government has been brought INTO CO.
operations with the Bank by which il
has agreed TO receive payment for bond
in the form Of credit TO the TREASURER,
on the books OF the Bank
He speaks Of arrangements for making
the disbursements of Government in The
notes of the Bank. lie says the Bank is
now unarmed, and seeks only repose. -
He might have added, repose on It's lau-
relsi
Mr. K YES noticed some very striking
and important discrepancies between the
statements OF Mr.. BiddIe, nm those of the
Secretary. Mr.. Biddle puts down as the
amount the Government agreed to re.
ceiye the anticipated payment Of the bond.
at between four and five millions of dol
lars. The Secretary stated IT at between
three or four millions.
Mr.. Biddle says the Government takes
it by credit 20 the Treasurer on the books
Of the Bank. Mr.. Woodbury. calls it a
Especial Deposite." Special deposite
What kind Of speciaI opposite is naked
credit on the Banks books 2 These and
other contradictions require explanation,
and the country will demand il.
There are many questions respecting
the " arrangements" which the people
have right TO PROFOUND, and which
ought to be fully answered. Was it a
simple and legitimate sale Of the bonds to
the Bank, or was it not an ind rect contri-
vance TO re-estabiish il as the Government
fiscal agentl
Was it not stipulated that the amount
should lie on deposite in the Bank that
II might be used By the Bank land that
IN etiectlng transfers, the Bank might en-
Joy all the profit accruing from the Ex
change land that all distant disburse
ments should be made in notes of the
/ Banks? and has not the bank been made
the depository for other sums besides
the proceeds ofthese bonds
II all leuds are quoted between The Go
vernment and this Bank, let us know the
articles Of contract--the terms Of this re
concillaton--or this coalition, as ii may
be.
Is it an armisiice ?--or is it an alliance ?
---or is il exclaimed Mr.. Rlves, with no.