Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1839-07-19

worth; and to amper successfully with the represents.
tive integrity Of the nationi
We have seen that institution, under pretext of da.
custody and faith.
We have seen it, in violation of an express provision
OF The charter, audacously refuse 10 allow committee
Of Congress 10 inspec, lis books.
we have seen 1t circulate and transfer millions Of
United States Bank Notes, in violation OF express law:
and force the Government, in maintenance Of its honor
and dignity, 10 pass penal ensc,ments 10 prevent it.
In President Va1 Buren's message 10 Congress in
December. 1855. he states: 1.-THE charter which ,erm-
mated ts buphing privileges the 4th Of March, 1885,
continued its corporate powers years more for the
sole purpose Of closing lis affairs with authority to 'use
the corporate name, style and capacity for the purpose
Of suits for final settlement and liquidation of The az
acts OF the corporation and Tor the sale and dis
position oil their estate real personal and mixed but for
no other purpose or in any other manner whatsoever"
just before the banking privileges ceased it's effects
were transferred by the Bank new State Institution
hen recently incorporated, in trust for the discharge
OF its debts and the settlement Of its affairs With this
trustee, 81 authority Of Congress, an adjustment was
subsequently made of the large interest which the Go
vernment had In the stock Of the Institution The
nrr IN which trust Unexpectedly created upon the
granting The charter, and involving such great public
interests, has been executed would under any circum.
stances be hi subject Of enquiry; but much more does
deserve your attention, when il embraces the redemp
lion nf ooi'ga'lons 10 which The authority and credit Of
the United States have given value The two wears al
lowed are now nearly mend II well understood that
The trustee has not redeemed and cancelled the
ing notes OF The Bank but has issued and is actually
reissulng since the Sd Of March, 1886 The notes which
have been received by il 10 a vast amount According
TO It's own official statement late the frs, of Oco-
Der last nineteen months after the banking privileges
given by the charter had pired il had under ito
troll uncanceed of the late Bank of the u Stocs
to the amount of 1927 SOL 266 of which S6 l75 s6 were
in actual circulation, 46o 627 State Bank
and S3,OoS39O IN transu; thus showing that upwards
Of ten millions and hall of the notes of The old Bank
were then stll kept outstanding"
And the Judiciary Committee of the U S. Senate re.
ported IN February, 1885 that, on The Sd Of March,
1886, when the charter of the IT, s. Bauk terminated
the bank notes which il had issued amounted 10 S34
4A210 OF these, it had on hand $l3 3249I7. These
notes thus on hand at the expiration Of The charter it
was the obvious duty Of the Bank Immediately 10 cancel;
they were obligations originally issued under charter
which had expired; they had been returned into The
Bank they formed part Of its properly be collected
or divided. Yet, on the I'd Of April following The Slate
institution in ills first report 10 The Legislature of Penn.
syyania declared The Of lis notes issued TO be
S36 20 420 of which had then on hand notes of The
Bank OF The U 5 10 the amount Of SIG 7947l3; thus
showing that The directors Of the Bank chartered by Con
in transferring all their money goods and chaels
TO their trustee had delivered up the bank notes which
ought have been cancelled The practice thus adopt.
ed Of keeping instead of canceng The notes issued un
der the authority Of the charter from Congress- after that
charter had expired, was not confined TO those thus i'm
properly delivered BY part of the stockholders 10 them
selves under the name of trustee Nearly two wears
have since elapsed and yet, in the statement made by
the Bank 10 the Legislature OF Pennsy yania on The 9TH
Of January. le3S. is this item, "NOTES issued of The
LATE BANK and branches ON HAND, SIS 800 5l7."
ii s notorious that, after President Jackson vetoed the
Bank bill in 1882 and removed The deposiles The banking
authorities in The hope and expectation bring odum
on The Government created great commercial panic and
distress and with $40 ONO 600 Of specie hand they
commenced an oppressive curtal, which they ended
lOO o. in lhpr nd
TO coeTce recharer, The restoration Of the deposes
they in the space of eight m"nhs expanded their
TO $40 0oO clearly showing that The dsresses OF
The people rather than the necessities Of the Bank in
sgaed the unjust, oppressive diyrannica proceeding
Thus did the authorities of the National Bank with
their mfictnary anIiaries and dependents, combine
against The Governments aud BY bold persevering ei
iot Pndeavor 10 control The and finances Of The
United States I this daring encroachnenl on The pro.
per constitutional province of the nation TO collect and
TO disbu!se lis own revenues, according its pleasure
cannot be successfully repeed the speedy consequence
be- total change in the sanction and urposes Of
the Government. And The banking authorities. those
sewIlIed corporate poenIaes like the hundred Fathers
OF ancient Rome, may gradually organize themselves
into the parican orders of the Stale dictate the national
measures and regulate your foreign and in
ternal trade And should the sanction Of the Govern
ment remain, for season, to mock the wisdom OF
ancestors and the advocates of freedom, the vital
spark which has animated and adorned il, will become
extinct and STILL and all the righfu guardians Of the
popular freed1m be degraded into dependent yassals,
whose vile and oathsome business VIII uu
the arbitrary DEGREES OF great self wied des potc
poraton.
Against every such alarming preension Of National
Bank fain would the determined, perseyrfipg
resistance Of my ellowczens; and conure each wise
and valiant man. who loves the renown and ndepepd-
ence OF bis country than the smiles o srstocracy
and the alurements of wealth, stand for the nation
10 full and Tree defiance
FABlUs.
In 1894 mt jority of the e. g. scna,s being in
National Bank instructed Tho Committee on Finance which was
favorable the aus and conduct Of that ns;
tuition; and that committee made through Mr. Tyler of Virginia,
thus furnished und thus reported Here they presented
in words and figures giving day and year. with oil the ncnes'
but exhibits NUMBER OF the members OF Congress who obtain
cd loans of tho bank and the obtained from 1926 1884
Now Sir let the Senate and the nation bear u IN mind thai
was IN his message at The opening Of The session OF at
President Jackson announced his objection to OF the
charter From thut momen the renewal became the subject OF
political se and let il never be forgotten ihnt was through
Consrcss tho bank die Few, any OF the mem
But such advances necessary why were they not
obtained from the eight hundred local hank some Of which ~eH
standing 10 The STATE tho district and even al very GoV o. inc
the only bank whose life deuh they were required TO decide
institution whch, moments asking public ia
Of them! And will il be believed that both parties !csr
the world srufed The desires Of each other in every particular
and the full limit of their mutual uoe shows
Of 1884 the Bank of tho e. 81 struggling ior renewal fits
charter distributed in loaus 81 sl 10 IND MY
aggregate salaries members ofbot Houses Of Congress
during the period Of five bestowed as
mem of whom asking charer.r Allen. Speech in The
Senate in 1885, the 6 10 separate the INC 6anSs
Fourth Of July Celebrations.
| ------ COMMUNICATED
RED SULPHUR SPRINGS.
| The dav which gave 10 the United States national
existence, was commemoraed in appropriate manner
J ~ C..r.1