Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1841-08-14

Bd: thcso - yet another link in the ca ,in of of
GA documentary evidence, To prove that MIR Jcicr
Snn substantially abaudoncd his constitutional pJ
ll-cuons To Bank Of the United States. ON m,
2d OF March, 1893, Mr. Albert Galla,in, Mir Je1cr
sous Secretary OF the Treasury, aud the man ~ ht
has been sicn'fc tnuy called the "Nainm,st Of Ii,
Administration whilst the relation nf prcSidcu
and Secretary still cuhsStCd between them, submit
ted an abe report To- Congress recommending The
re chatter ul the Bank " the United States | A,
not pretend tn siiCm that this recommend alton W.,
made with tire assent OF MIR J, TerSon; out leave
u Tor the country tu decide whether II A. prob,b'r
considering the confidential relations which existed
between Nc GNilaiin and the President that h,
would have concealed the iact from Mr Jefferson
thUl hc intended to submit such n repnr,1 ask
, whether 1t ~ to lie presumed that any Secretary
would have veniGrcd To propose 4 measure Of such
Ntd interest without the saUcon of the President
think no; and Il MIR Gsllaun were 10 feel him.
set at liberty 10 speak, feel wei sureI tina; he
would say that Mr. l,ttarsol was fully anpriz.J nj
his 'ntcuuon TO submit the report o. % March,
/ lSo., and that 1t met Eis appreciation.
80 much, Mr Chairman, tor the history Of the
! bank Of 1891. will now proceed 20 review some
ct the leading incidents connected with the abor-
i've efforts To procure re-charer ii THAI bank and
isle.
The charter Vt tho hank was limited to ISL In
lelo an attempt was made 10 renew It, whIch was
/ not finally acted on.
! On til i.h Of January, 1911 bill to rerew the
charter ~as reported 10 the House OF Representa-
uVes by Nc. B1rwel. AFTER this bill had UNDER
gone = cI.cUsS'on extending through seventeen
days, Nr Nsw:pr, OF Virginia, on the 2lSt Of Janu-
airy, Isl moved To postpone the OIl. lndt huey.
! -(See Joulnl, ISL, page 1851 Mr. Newton
promised this mo;Un 10y saying, 81 am for laying
the legs euvr axe at tee root It tie evil. nm foe
immcl4'oiy decdnS this question, and turning to
some uuer hnsinc>>; and, tor this puri oSc, move
that he further consideration Of the bill be indt finite
" Pos'pnusi."-(See Doe. HIST. L. s Bank,
page 1861 IniS PROOFS ton clio ted another very
ao'e discussion, and, on the 2ih % January, 1871.
INC vote was taken by ayes and noes-tse Journal,
ISL, page j0O)-,nd the result was ayes 65, noes
81. ~ The motion was carried. There Is one fact
IN regard to tins vote TO which will call the atten-
non OF the House, and which beg cave to COM
mend 20 the PARTICULAR consideration of my col casuc
tom the Buck nsham district, (Mr uubard) Il
- that John Randolph Of Roanoke, the gentle
mans iu5tuous preieccS'or, voted ngainS; Mir
Ne"'on'S molten 10 lay the axe TO The root" hy
destroying the bank.
ducee into the Senate, also, at the session; ani
after u discussion the proposition 10 strike out the
cnacuu- clause was carried toy the Casting vote Of
the S'cc President OF the United States, the Senate
being equally diyljcd--l7 70 II, and this DIVISION
| WI aCi, was without regard 70 party: Tor w
md NJ Brent, OF NIr=-,, and Vim. IL Cav
ford M the rC-'Ilve; whilst Giles and Clay and
Other distinguished Republicans, were in the aft e.
NATIVE
Thus; vii bc seen tina, this measure was los, by
majority OF one m the House OF Representatives
ana uy the clsIug vote OF the Vice President in tn.
senate And yet tn1s IS the decision upon which
the cen: cmln from North Carolina mir Saunders.
relics, as ovcrruarg the decision of the large ma
lo-iues M the Congress Of 1891. ans the solemn
Judgment OF President WASHINGTON! Foo nv part
hr Chairman, regard This decision as having none
OF Tie authority of Il constitutional precedent; for
Independently OF the elnHCss Of the nlorIieS there
are other circumstances which show that the gycs-
Ton was GeCI Cd no; upon constitutional! grounds
but upon meEc cOnsIdc atoms ot cxpsllency T.Is
Is mhniiest from the fact that see gentlemen of
opposite nol,ca. opinions yU.iuc together; As fo,
example William II Crawford. OF u eorgi,. and Tim.
otny Pickering of Massachusetts.
BUT there are o.Eer views winch show WHY the
oauh was not TecH7rtercG. Scveu-teHths of the
whole stock OF the institution was owned bv Briii,b
subjects; and rs We were IN ISL, ON the eve of A
war with Great Britain, every consideration nj
soinI policy would seem 10 require that suca a
bank should not he Tccu'rtere- 4nigr such c.rcum.
stances.
Here, Mr. Speaker e, me pause for a morn,r: to
adVcr' 10 singular n-.tC.. the plHitic~I history
OF my beloved native State, winch tends u.,re
strongly than any Circumstance within my know.
ledge 10 prove the strength o: her IL OF on ~ what
are mere termed Virginia GbSrac'Ions." In 1871
tue Legislature Of Virginia .nsrl.tca her Scnato-s
lNlr Gu,~ and Mr. 8seuV TO OPPOSE the rsr,vv,r nj
the charter of The Bank of the United St-irs Mr.
tIiIeS ms-e speech m tue : nate IT. reyp1uss 10
.he Instruction 10 which he csu,f the .i.t; Of he
Legs azure to instruct, but neverthe ess he vie dci
=
voting against the Bank. Mr. EN-, on the otbcr
hand, promptly admitted the right 10 eve the IN
s-rucilon, but practically dIsUJcyed ID hy VOTING Tor
.He Bank And strange TO say, MIR Chairman. MIR
Giles, VINO denied the abstraction and yet votci
IN on'uIguce 10 the legislative viii. nst cast. a.
poiIIcan; whist his colleague, Nr Brent, who
admitted the Abstraction" and practically dis.
regarded u, retained his popularity WILTON, the
smallest dm'nut'on. These facts | have from many
sources and ancrss. oilers irom my venerable col
4 m on Ff1ry r.,Ir
10 tn; year 1914 the subject OF incoraorstino
Bank Of the United States wag again tenew,d
On the p OF April, lsl4, Nlr Gruudy, Of tennessee
moved the following resolution:
"ReSgirsd, That i committee be Amounted IN I'M,
lu're into the eXpsdency %! eSlab IshiI, S,.ior
Bink.-lSee Journal lsli p. 3sp)
TINS was near the close Of the session, however.
and no action grew out Of IT,
On the lJ;h Of September, IsI4 a s-c~i,l session
% congress commenced, and on the II,h of O,fo-
'er John w EpHeS, the Chairman of the Committee
81 ways and Means, Addressed a .ctt,- To- AIey,n-
ae. Dallas, the Sec cary Of the Drcrsurv a.l,in,
H" 70 suggest measures for the revival and rIarnte
nance OF the public credit And here. Mr. Chairman
permit me 10 pause Tor q moment 10 note the COIN
cdcurc between the course taken by Carrre,s -,
lSIi Hnd in l'JD. 10 both cases the Secretary Of
me reasury was called on 10 suggest rqe7surrs IN
,.aHIisH The public credit. The Ilnyu-pe IL nj.
most the same 90 Dy.h cases. In 1890 Hamilton 10
ca tA upon 10 report measures fDf 'rs,ahIf.lIug the
plp.c credit and IN 1874 u las IS requested IN
suggest 'a3rn additional provisions as my be ne
eessA'y IN revive and maintain UnInpaiIef the DuI.-
..e creo'L' u would seem, from the similarity of
'as means used, that the Congress Of 1914 vas mr.
''Hf indirectly a' tue same end which was attained
ny me inquiry o. 1870, VIZ: the recommendation al
b'hk ~ The Inrcd States. Whether such W.
VI" intention Or not % Is very certain that such was
we ,s result Ipr on the III O! the same month. Mr.
Dallas responded 10 he inquiry by r-cDmmsnd,o.,
lH' establishment. o. Z ,uOnaI Bank. AC.r C,II
consideration OF ihI' communication gf Mr DaIios.
l"e committee reported a resolution n these words.
'Re.gtu'', That il IS eXpsIieni 10 cs,lbIisb, M.
to"a. Bank, with branches 10 the severa Sra.,-r-
sss Journu lslJ, p. 5OI.
Upon this resolution some proceedings were had
which commend 10 the attention of those Gentlemen
who are opposed 10 the D51nchfn. mower of the
Bank OF the United States. Mr. S.anio.J moved n,
strike out the latter branch of the rssouton. ",,rti
branches 10 the sevara. States" Upon this uuss.
ton the ygis aud nays were taken, and the vote
stood yeas ~, nays 1873 And among the u,vs
we're J.. I. Barbour ui Virginia, J. &. Calhoun OF
South CarOInl, J. w. Eypss OF virginia. ] For.
sy'H pI Georgia, g. J. luscrs3.l or Penn, vfvapI,
y. q IIcason u Virginia, VIM. r.. King fups pi
Hs1m'l, W. Lnwnj s Of South Carolina. ard
Alfred C1inDcrt ri Georgia, and "a nos. Of orYsr
distinguished Republicans lSec journal, 1914.
pc. jOI-jy
The amendment having been defeated. the oges.
Ton REQUIRED ON the adoption OF the 0.s.u1I rcsoru.
ton. Mud here nke leave o. say lhlt fhi4 is the
only occasion within ny knowledge ON which the
abstract question OF bank ur mo- Jruk has teen sub.
mN'l 20 Congress, unemB1rrasssd by any matter
OF detail in ie particular measure proposed. IL
presents ne nlkci question, Go boz decided without
reference 20 my cH,rrucDus circumstances: and