Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1841-05-11

Daniel Webster, has hccn appointed Deputy Collect,
of the port Of Belfast, in Name" Crhs indeed Il,
Potism, as the Wheeling Argus calls il, viii. 4 y,,
geancc)
| PENNSYLVANIA EANK or TIE UNITED STATS
New developments are daily making, and silecn.o,
new light upon the 'ssecrets Of the prison house T
meeting Of the Stockholders in Philadelphia on Tucd,,
last, exhibited more strange and startling iacis HicI
nell's Reporter alluded, the morning OF Tie ma,
ing, TO "the arrangement in contemplation, hy whe,
trustees have been appointed and property placed Il
their hands, 10 secure the City Banks from loss n rc
ton 10 the Post Notes loan. That arrangement /, ~,
in progress, but understood not To BE- finally con
plcted. The general effect of the partial assignment
for amounts TO this fact has not thus il been ~,
important. The stock still sold at the close Of ii.
week, at 7s; being about the price tina, !, sid
at for several weeks past. IL is understood .l,l.
property 10 be placed in the hands Of Tsus;ec, am
ssts of stocks, real estate, banking houses. ~
Bcknc adds, that No little anxiety IS i,t i. lie
knowing ones 10 the policy that viii be pursued Ill
England by those who hold the loans of the ; BANK
These loans, IL will be remembered, ca.,>
backed by coateras in the shape Of State S;cch.
The question arises-will the holders sell esp
stocks in order TO make themselves good and lca
come down upon the Bank for the deficiency, "
say, the deficiency because il happens unfortunate.
" that two-thirds of the stocks alluded 10 have ,ad.
deprecated since they given in pledge and
sold would fall far behind The particular loans III
nded 10. For example, if the Bank has given Penn.
sylvania Elves at par for loan of million, and
those ves should be sold at existing rates the dcct
on the loan would be at least 20 per cent If Ill.
should be sued out the effect would be disastrous upon
The general assets Of the Institution, inasnuch a. i.
would depreciate them still further. With regard 10
the Bank of the IT, S. we have just heard that lhs -
pers are being drawn, by which the City Bank.
will be secured in the FIVE millions they recently loan
ed-and arrangement will also be made 10 secure
the circulation and depositors Trustees will be A.
pointed in each case, and the Banks interested will a.
security for the Trustees who will have charge Of their
part of the matter. 1t is generally believed that IT,
Institution will wind up
When the Stockholders met, report was made ~
Col Drayton, the President of the Bank from which 4
appeared that under the resolution of the last meeting
the Committee had made an assignment 10 the CIV
Banks Of 81 600 900 Of collateral security IT.
the payment Of the post notes. and hoped soon 10 con
cude an arrangement that would cover the circulation
and dcpostes.-Ihis arrangement opposed ~
many speeches, on the ground, that il contrary
the terms of the resolution itself and moreover ia
providing for particular set Of creditors 10 hr
exclusion of the distant ones, particularly the English
creditors, &c. Messrs. Watts, Ingraham &c denied
the validity Of the assignment, in the absence OF the
consent Of the English Stockholders &c. Mr.. LIppm
colt said that it deemed advisable and for the hcne
fit of the bank 10 make the assignment of the property
contained in the schedule in order TO protcct fr0u
attachment, which was daily feared. MIR. w Ayres 81
Harrisburg said, that "he Committee had done the bet
that they could and something Of the must be done
to protect the property of the bank-nay, his ybn
ing, from the hammer, against the hundreds 81 ihou
sands which were in execution against the bank. Mr.
VIM J. Duane opposed the assignment, rcpf"ach
to the lnsttution-and declared, that he not
bank man-nevcr had been-but he felt lively MFR
in the integrity of this city, very sunken
morals and credit. But the report Of the COMMITTEE
adopted without any upon their acts
(These movements will prove very annoying 10 Their
creditors in England, and we learn by the Britannia,
that the only way TO quiet them, for the security u
the debts which had recently fallen due 10 assign
additional stocks TO the creditors What viii they nov
say0
MIR. Biddles letters. lie used tue seyerest languags
against the Ex-President, and among other hard things
said, allow like miserable cupr turning State
evidence he appears" Mr. Manuel Eyre TOO, Dc
Tended HIMSELF and characterised Mr. Bidde leilri
relative TO the war between the Schuylhl Navigate
Company and the Reading Railroad Company as ~
humbug.
But the most extraordinary part of the whole trans
action is the suspicious mystery which hangs over "
disposition Of moraShan million Of dollars, for whch
the Committee Of Investigation could find eSp.a
nation. large portion of this had been paid 10 VI
Bidde, and expended through his ngency-but h
gives explanatlon-and Mr.. Copperwait, though he
told the Committee that he was willing 10 explain y
yet says nothing about il. This new fact appears
in MIR. LippIncotts defence
|
Committee as above referred 10; those of the Com
mttee the state Of the bank their half yearly -
aninatons had the particular vouchers for the large
sums of money drawn out Of the Bank, and mcnon'a
in my letter to him. and portion Of which were pr
badly charged in the Expense Account, and reported
10, and confirmed by the Board, cannot say hnt ""
here positively assert that never llem hry we've
carefully kept ont Of my view.
.In the performance of this and other official duties
| an unsuspectng committee may easily be GtceiN =
| and haas
.sNor is il surprising that such committee short
rely much upon the fidelity Of officers Of the Ban.
whose integrity they had no reason 10 doubt y.
which they felt ought 10 be confirmed and assured "
the unreserved confidence Of both Stockholders -,
Directors which had always been given TO them u
have inad vercntly committed error here in comn'
with other honorable men, who served with me- oh "
Sc yeral committees while Director CT the Bank,
not acquit Mr. Biddls, and feel assured Il vii y
confirm his charges against me.
"Nor is it surprising, that while was active W"
the Committee on the Slate Of the Bank, those von
for moneys drawn out were not exhibited lo"''
| when ] state that the Investigating COMMITTEE y
their critical and arduous examinations, learned -
establishment from the clerk in whose possession "''
ought to have been, that they had been destroyed
"By whose orders and why the destruction Of 'ou0i
ers for the payment Of go large an amount OF mon
had been effected was not learned, nor did that .'
mittee Ito my knowledge inquire under whose 'n"''
| nistration it took place rt..
IL is shrewdly suspected, that large portion o. W.
fund was clandes,ney used for the purposes q o'0e,
and corrnption-to purchase votes, to pay cd'"''
carry elections-and large portion (oi coufse' 80
MIR. Bidde part of the Expendture) 10 carry ne -5
Presidential Election mystery hangs over H. ",o i
public sentiment ought to demand in thunder Tone
be dspelled Let the secrets Of this corporate P',,
house be opened; let the conspraors be denon'I
The Pennsylvania calls upon Mr. Biddle 10 c'sai "a
skirts before the stockholders and the publcaa"" aJ
state at once "what he did with the S197,,44 ~
why the receipts given for the money were deso
These monied corporations are every day oe. onIs
more and corrupt-and odious to Ire e load
This Pennsylvania Bank Of the u S stand. al ~
of the bnmbugs. 1t is distinguished tor Tue o,n
of its abuses, it has been BY the extent u 10
and the fearfulness gifts power.
BANK BILL vEroED.-The Revenue ana nt,,.
| Bill has been vetoed by Governor Porter lhe Ii,
u Il: kklle lIONtIno