Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1839-01-29

United States 10 the Bank Itself He presumed there.
lore !hit 'hr c"nnecii"r, he had heard report,
grew tLhns"6y out OF that Transaction. II this
htctlon had g"ns t"'hnr, it had been without his know
ledge aud Sh0uid be uiihout his 1DDyoGgiiOn" Now
! ST. What Is III" fact; Only Onc 0; the bonds Of The
Bank as stated by III" honorable Senator himself TO
w.t. the bond of 1899 has been sod under The law of
the last session OF Congress- That sale in the fc, ms and
condifions Of ii, for The reasons have already EXPLAINED
believe To- have been in violation Of law But waivinp
that for the present. ask. The connection beween
the Government and The Bank even so far as have vet
exposed IT, Is, by any confined the sale of this
bond aud It's proceeds Have | MT shown tina, a pure
y voluntary and grauitous arrangement neither re.
CURED by law nor justified By the wants of the Treasury
had been mace win The HnnE for anticipating in part,
ana postponng IN part, the payment Of another Of It's
bonds TO w.t. that which tell due the Both September
lc'S and Tor dePosmg lis proceeds well those of
the bond soId in the Bank There was no prelence,
ehe1 0! Tie requirement %! law, or of necessity, to
uy It IL was purely voluntary aud carried the con.
Dscti6n at once beyond the limit which the honorable
Senator has land down marking the extent of his an.
probation, douj'ing by single operation the amount
ol public moneys 10 BE- deposited " it'll The Bank under
The asteement respecting the bond which was sold
VIII The honorable Senator hen. Justify il trust not
b"l SIR, am now prepared to show that the
ton with The Bank has gone even further than TINS and
mat IL embraces public moneys which been derived
neither rom The sale nor pay men OF the bonds OF the
Bark And here. | would invoke the candid hearing
OF the Senate and especially Of those members who are
at 'hr same tame, friends Of the Administration aud op
.
me that If could show that the connection with The
Bank had gone single hair breadM beyond the sale
10 It's bond, they would al JON me IN announcing
! II. now claim the redemption Of their pledge One
OF the resolutions OF inquiry submitted and which
was adopted ny the Senate, drslgurd expressly
to ascertain ii The connection with the Bank had not
gone farther than the Transactions between the Go.
vernment and IL in regard TO lis bonds as unwaanta
Die, III several respects considered those ransactnns
1t called upon the Secretary Of the Treasury in explicit
terms 10 State heIher any sums of the public
money have been deposited in The Bank OF the United
States, ottT Man MOS, dericed from The sale poymen
u ITS GOndS II the and each drpusle,
aud BY whom, and BY whose authority and direction they
were made Vow sur, It IS very remarkable crcum
slamce that OF the six heads Of Inquiry propuurd,d TO
the Secretary b. the resolutions Of the Senate this one
was wholly passed over lhn body Of his report. aud
was the on one, out Of the SIX which preermed
All The rest taken up successfully in their order,
lr1inay cited and sci forth in the report, and eSplana
tons aud slaemen. given in answer each. This only
being the third head Of inquiry presented by the resolu
tons wholly passed by The SECRETARY and in
the progression OF his pert he eaPrd al once from The
secnnd 10 the fourth without taking any notice what
ever OF the third 1t vas evident therefore, thar 1t
here Mc shoe th 10 pnch CT may be pardoned the
use OF very significant though uucnurty phase) aud
that it was deemed exprdi-n avoid direct and
quiyocal answer 10 this in,errngalory
l. therefore, TUNED with curiosity 10 the documents
accompanying the Report OF the Secretary extract
from them the answer, which The report had withheld
to SPECIFIC and critical inquiry. and found it in
'he following transaction: On the 10Th of September,
lc;c, w II Pope, The President of the Bank of Ken
lucky, writes the Honorable Levi Woodbury. Secre-
tary of the Treasury" Sir, | hand you enclosed
che elk the Bank of The United States, Phladp!pha,
your favor for three hundred thousand dollars intend
ed payment on the amount due the Treasurer Of
thu United States, by this Bank. On the 18th of Sep
lontr NJ Clln,ic Young Esq acting Secretary of the
Treasury writes TO the Cashier Of the Bank of the Uni
ted States, loIIows-"Sir: The encossd check has
been, this day, received from the Bank of Kentucky,
|
the special credit Of the Treasurer and acknowledge
Tie receipt Of the 10 him." Now, sir, here was
large of The public mor-y, embraced by the very
terms of the resolution of inquiry uoy unconaccied
rih tie safe ~ pnynent " Mc boads II the Bank IF the
tni'cd states which dep,ssd in that institution and
remained on opposite there late The 1th of the last
| MONTH as We learn from incidental auson 10 il
the 9th page Of the Secretary Report Plain and
guiv"cal this transaction It's nature, clumsy
attempt Is yet made I" disguise it, by satemen shut
fled in among the dOcuments accom- panying the Seceia.
rvs R"Prrl. PuTp"rng 10 he furnished 'in compliance
with the thtd head OF enquiry of the resolutions Of the
Senate The statement Is as fulows-"Se ptembrr 22d,
IS. Dtposted by The Bank OF Kentucky, &c being
much On account of debt due by the Bank Of Kentucky,
assumed by the Bank of the i. States &c, $500 000.
Is This statement directly conlradcled by the letters
have just read Of The President Of the Bank of Ken
lucky. and OF the aching Secretary OF the Treasury
The Bank Of Kentucky remi,trd the check for $780,
Cu0 The Secretary of the 1ensurvand BY tie Sccrc.
tiny Gcftng and mt by the Bark Of Kentucky the amount
depOSitcd in tie Bank Of the u. s AS the ale.
CATION, that this debt assumed by the Bank of The
u mmaterial it is in regard to The question before
u.s. there particle Of evidence afforded by any of the
documents Of any such nSSumpt0n unless the payment
of The check makes the assumptions | will remark, in
passing, that, though this statement is followed by the
signature Of the Treasurer his signature from the very
of the Transaction, be considered vouchng
nUlhiDg but the fact OF much money being TO
his credit in the Bank of The U. S How aud under
what circumstances got there, he know only from
the statement Of those no agents in the tIansac
ll"n.
ask gentlemen, said Mr.. Rives If this Transaction
which much anxiety has been discovered first with
hold and then to mysly dues carry The connection
with the Banks harS brRGdM at least eyond the sale
payment OF its bonds He then called upon the no.
norob!c Senator from pennsy lvania (Mr Buchsnan)
TO stand up with him and Genounce this connection,
while yet it is time to prevent it from growing into
permanent and intimate union. lie appealed 10 the
Senators from South Carolina and Missouri, (Messrs.
Calhoun and Benon to say if, for the last five MONTHS
the Bank Of the United States had been virtually
renstatrd in its ancient relation OF fiscal agent OF The
GuvernInenl-n0l for PhadeI phIa the Stale Of Penn
sylvaba. but for the whole Union In lis financial Gpe
rsons for the Government il had stretched It's Brarsan
arms every where from Boston to New Orleans from
Norfolk 10 st Louis Millions OF the public money
had been deposited IN it, and were administered by II, on
behalf Of the Government, al time when the whole OF
the residue Of the money in the Treasury with ihe ex'
cPpGn Of what in the mint, stated by the stcre-
tary " have been sometimes less Than SOU OOO -
The correspondence between Nh Secretary Woodbury.
and Mir Bddle reminds one IN lis mutual consult
laons about the of the public service and the
,rnvs and means of supplying Ihem Of that which was
habtually carried on between Mi. Crawford and MI
Cbevps when those distinguished men were respective
" the h. ads Of the Treasury Department and Of the
National Bank The tone Of this espondencs,
| too is we'll worthy Of remark. No more do we
counter The clumsy attempts at irony and sarcasm for
nerIv petpelraed by Mr. w in his controversial Cur
resemblance with the Presden, Of the Bank the pro
tested bills No do discover the polished high
patricon disdain with which Mir B. approached bis "un
! ! ,l.A nd. hav
are now "rusty and we'll beloved cousins both.
In drawing TO close, Mr.. Rves rebuked in terms of
just severity, the Secrearys attempt to delrde the peo-
pie by his cant Of Especial depnsites He demonstrnt.
ed by the showing Of she Secetarys own report that
What he called special drposes had not single attribute
of special but were 10 all ntents and