Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1841-05-22


A Indeed. n in very sppareot that Mr.. Biiile Is
peeslly, during tho latter wears OF his Presidency,
considered himself as the Bank and still considers
himself to have been So This exhibits itself in
several other parte OF his Letters besides that which
had Just been addueed. For example, in speaking
OF the resumption ia January last, he says: "Had
occupied the position 1 once did, toould not IA re
permitted that resumption" Referring to the rs
ss;ancc given In 1887 totwo large firms in this city,
he says: f'rhe first Itsok ia land msselC making
the necessary advances to carry them through their
troubles, and they were accordingly saved. With
the house OF Thomas Biddle & Co. tronld not in
| tsrfere but requested n Committee to examine
their affairs and II they thought it expedient,
| tcouid consent 10 IT,"
Ii is true, that Ivy the state OF the Bank laid upon
the Directors table ut every stated meeting, the
amount of these advances on merchandise was in
cluded in the amount Foreign Bills of Exchange"
IL is true also, that the Committee thought when
they made their report, and still think, that large
an item ought TO have attracted attention, ond an
explanation and detail Of the particulars called for
and examined. Sti, II is fairly open to this remark,
that rs the dealing in foreign exchange had always
been regarded as the f,vortc, because the most pro
htablc and at the same time the safest branch OF the
business OF the Bank, the Directors who inspected
the statement were doubtless grathed, rather than
otherwise in observing the extent Of tina, line. and
certainly had no reason to suspect any thing impro-
per under such head.
On quoting the passage of the report IN which
tins Is mentioned, MIR BiddIe ereIaimS-"Ihank To
this blind rage for more vengeance, they thus reveal
what completely answers oil that they have pre-
rousS wriuen; ana never, certainly, was seen al
the Quarter Sessions witness caught more COM
pletely IN ms own trap The COMMITTEE can only
say tna' every part oi the report was well weighed,
anu ,h,s p'rt as wei as every oiher. LIE taets
wnleh states are not eontroverted and they show,
what the Paragraph was intended TO show, with
~hat'mproper larity the business was Transacted
Sna' mere 'o'ln 'ne poard OF directors anu us
StanIns Sommtiees hau become ana now entrely
sausne" .ne seemed 10 DC oil ms own aoiii-
", un'SSs'eu, 10 u"ee' us AFFAIRS.
=, y" ue-eN'sin'',on W Tue whoie mat'er, 'he
Comn,IIee are 'u"y oo.he ou' IN ihe~ pos'uon mat
u"e aI r On lIe'S"anuLe WAS an operation
u"ue'''Ne" a'u 0'Nleu ON without inc autho'l'y,
saeeton even hnow'eus OF Tue Board OF Directors
Sot"S 'aSe' N"WeNe', nave oeen sta'eu III te,ation
70 u''s ous,'i-St H"e' were no' known 10 'he ON
,n. rnu "nen rev Le",ths, IN oroer
mat tneir proper bearing may DC clearly understood
;Me supposed that the Ssooooo drawn from
e a"u Sin'ns the P'r'eS were
'' -. ,l','Ssy, NJ Hs'' co co .,,
- 81 E VA s'ste''e"t vi W. 'oSepn
-, - -, 80 80 : 80 o'uu,' " ',.S Hs' -e.'
- w - .L '' "'S 'O' '"'S'P"S,-
S,,sh H.. a., -, %, .i'I Us az
I,;s ~ $40 S P''" ''S''NeS 1" 'ie Sa'eu'
49,. - =:
an ,b. SSI - 49, , 80 VIC "es' Iu'Io'l,!, 'na'
Assnt in I.on,o5 wro,e - NJ R,ITI. ~"
nS."1 W Luuuo", W'o'e 10 rtssIs. p.uu'e ana
.iS innn lot inc ADVANCE oi telling Ihem
d., 49, r., :, y '""s -, &c u t 80 DC
-. go o1o ', -. y VI a"u on t'e 'oY1NIns Jay
,,a,o,to, H. - - 80 " N"ie'' as %
,;r,o NJ ran 60. - .s..':',- y: - I:'y |
80, ~ ossass s o ~ .'.'S
NJ, fss,, " o. OSt' H''"", io''i 'ne
,,,,Ta 49, -" 80 x 49, = 49, ~ ~
Toja =, - $500 y, " ~ 'lie nam, St Nl'
80 N'S'''N0 ''S "so1SS''' " '"e sac
y T. - II, =, ,.,r
80; .s.,L 49, -, o.Iu.e a"ue'.OoN '''s oPe
-. ., L'ssIT,,' - '.01 " PeNN'''ly au'1n-
LS, s;,,I 90 1,,atis 81 pt,J ., ~ P'S',
,ha ~ ;,,, ~. I'm " t'aN "! Saety
n,,,,IIc -, - 80 w 'iee' We t'o.ns
fgro, ". w. ~" ",u &C. sS"91 'o' t ,
Nr RJsla ss pr.s,,I., ~ 49, 20 "Po" uy
benc6t of The Ri ~ H. 800; ""I NJ 'D' t';e
s,r,,,rJ aIo,s :; :, -; - - IL i' u VI .tltS |
IL, al 80, = . ''LuOi'eG. - - even ooas'eo'
means of nyo,sc,;r, 80 80. IL as 'ie
R,nL and of.o',rsSo ,La RI - IS VI tHe
tion - '@'' 'O'' P''S""
II ,bc, Tho ,,b,l. o,.-,,;.. ,--.-,.- :.
,bs bcns6, or m. RI, :. -. -, -. 49,. :, -, 49,
mil it, f,,pds ~ a. :, H., - ~. sSan nnn
have hen x,bI,,,,r arI -, -, =; $4,000
of mari Of rbis s1,, ~ 81 s,','s, To
soc he ,r,os,.,i,,, .,iJ"I Ie t, e''' US
II becomes All NJ one ,cro,dn - ~. e;,ii' g..
nnesrion bov "a, W VIZ ouuIe,
Ia oo.r,,;or - - s ." ~ sIh'P'e oo CONNER"
.l,,I4 h., r.,.,.I.I ., - t'e "7"' W ""'1" Il
nerted WITH the R'pE och, -, ~ So,
,b,. s..',sn- '' ous"' " "eaf tue outden Of
If according n s.,b. orr,, ,o..;rt. 1T,
:, ea,,I,, 30 80 ny pVssioe ',Sn' III "h'en
oner,.ion,, Of NJ S,oto,.s M. a'
the chief ofEcer of tb,, Is,;,,'S'a,' .'',.,'J
S,I,,y ,T Ssnnn ,,or -, =, e - - 90 "
devote his yvhoI. mind 10 re- t;,a. .n "I
I.rre cornmercisI o,sr.,ion g. h.; -, $3.50 "
W hat is more and 80. -, - A.. .' =
n,iIIions the p,on.r, 81 a. p - g. - " 10y
without IN. annrobs,ior q, 90, IL 49,
thu Ro,,d nj D,,.c,ors WV '''o """ 'e's' "