Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1841-04-30
To joins TYLER, President U. s

To joins TYLER Tresiueit =. =
That General Jackson right IN suspec''ng NE
misma nayement and even insolvency VI Tue
Ran, beisre the removal of the deposltes, must now
h conceded time has developed all his predictions
~ no course he pursued in relation TO 1t, must DC a
proved by every rejecting and discerning inIhu Una.
not wholly obscured by prejudice In le52, Gen 1ach
son recommended 10 Congress that all stocks hed ny 'e
+ ( IN generations whether created by the General
or State Governments, should be sold, ana ,i'e Pr"
Goods of the sales placed in the Treasury. IA. ~
advice been promptly followed, IN regard 70 .,'e =, :
Bank stock il would in that item nave sa'eI -" 49,
trv about half million Of dollars sihs'e c''e,''"
,c. which had then recently taken place, was cieas
aropnh ia excite the suspicion OF all men oil common
,r,c,,v md prudence that all was not r'ght,-tnat
,Lero ,as NJ least extremely bad management IN tue
affairs Of the Bank, If not ndcea cseePs'o" anu 1''
in cancealinr the trne state Of It's finances.
Tho Secretary fthe Treasury had deposited ABOUT
,wevo millions in the Bank, and by direction OF the
peedept o,ye notice to the holders of the three per
cent United States stocks, that portion OF uia'
stock would he paid at given time. Without con
smiling the, Government at all in the premises, the BANK
Immediately took measures to give notice 10 ih r
holders Of the stock principally in England, unit u
thew would forbear to call for the payment until &c
tober 1888, the Bank would pay the interest 'n"s
mpudently stepping IN between 'r Of The pub
liz debt and the first notice the Government hau :"
this biGf handed measure, on eeha!i 0, us ase"'
was a notice in the English papers rom pa''hs, Dr.
theirs * Co. stating that u Inc loiuels "0u'e -,
,h;r demand the Bank Of the I s. would continue 70
,bo interest as heretofore, up to the first OF Oct.
i-j3 Thus the Bank took upon itself the SUSPENSION
of the IT, S. debt for considerably more IMAM a yea, "
tor was ordered by the Government TO be paid iau
failure of the Bank taken place in the mean tune,
while the securities Of the U. s were IN me hahus ~
The holders of stock, it is not TO be douhed 'ey
have presented them to the L S for payment. -
This u..ly excited the fears of the President mat az
was not right: and he took such doooso,
&c sra within his reach to Judge whether the deposIs
70 ~ - ( ycre entirely safe in the keeping Of me
.ne IA o,rnestI; recommended the subject 10 the
DiiN. r. ronnress 3ndcr the firm belief that It wa
.e-,, or their serious Investigation II was deemeu
ao that in this suggestion, he DID the BANK IN
;us,ce and IN others, Inc if'ehuS anu pa'.sa 49,
jPnt !, excited high Indignation But none Oh ,nese
pe 49, n,oved him If Congress would not DO ther
M 10 ,yos determined TO 60 his; and when he found
-a,ss. adjourned without taking any measures 70
@ ,he safety OF the public depostes he took upon
himself the responsibility and removed them from tue
Bank.
nuncia,ons Of the whole Bank party. They at that
time had majority in he Senate, and they passed
the famous afterwards expungcd resolution denounc-
ing him as having "assumed upon himself authority
and power conferred by the Constitution ana ia~s
but in derogation Of both. -
Prior to this time, and subsequent TO Gen. Jack
sons first suggestion 10 the safety OF the dePoses
the Bank had come out with statement IN whicn U
vas made to appear at least Oh paper, that the CLAIMS
r,;ns. the Bank were less than thirty eight millions
h;Ia ;ts assets were stated 10 be nearly eighty nal
Ions. leaving an excess in favor Of the Bank Of forty
three millions of dollars
Eere then. is confirmation strong as proof iron
polv Writ that General Jacksons fears for the safely
of The depostes and his suspicious OF the rot,ennes
Of the Bank, were well-founded. What has become