Newspapers / Carolina Watchman (Salisbury, N.C.) / Oct. 5, 1833, edition 1 / Page 2
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i, 1 " , 1 t iVsV -jr ?vv.i; -.Vs .V:: y- v - i - ? , . 1 t 4 1 . - Ay. . V t J j " ;;rif TEOM, Tub g LPB e, a n - -: k Ith&beeii .ifCTicraii Known . ?r? 4 -nteths past thM the propriety orwiUKWW If t - llnir tKcy etes. from IheBcf it tbo United Sutei Jas finder consnkntup, ' - IS' 4 l;a .1 : HI f- l--A-ii4A:: tnuilfof the.' -Mttj c ' ! r- Ar--Ai" . aifiVrerit ir.ctnbcra cf iUabine aU WqjH been called u-. I full tnd careful j exaoinitionthe Prent f came to the conclttsion that the public e- Wfol5cm!ht to be changed to the SwteBankf , I ihclhis pp.m6n Wis coonii)ncated tawn ' j linaio hii CibihetdhWedtiesday !ast;t a faeeting htiaffspeclaUy for , that piir pose, I'i id tSefactl and kreasonoft, which At m fouaddd. AsJpublic attention thas;)eeii p dftwi to this, ibO, it is ; deemed proper, c h ia otideH to i pryent inbunderstto'din ;cj misrepresentations to iay oeiore uipf pte thecommunicatioo madeby4th? fii- iientas abbyej mentioned; and a 'copvihas hocfi iraishod b us for that purpose, which have iusbbd &h rej:cn!,ciUhsn- ing tno rtray at jRUuenceana.poncTHait wai brought to bdar ujpon . Jbwn.;it;5s too- late hV confideiltty thinks, to say ; that the ques tion has cbtbefcri decided; WhateTer i rnay be the. cw,. .3 rf ,.;herf; . thohPresiKnt ronsider? his re-ck cticn as a deefsien o the feopie a unsr; me banKv in wo iconp dihpr:-rphv "cflusfl Veto Ulessagef lie -id: " . - '?ifihi . l txq r.ou c-ae ray duty to otwuu v vlf tif inft j hvnrs fellow ciUzeni.tl hflll hftdful'Cand' hannt: if fnot. 1 fhall - -t-j rT. "Jr.- r u, . . , v , nna w ineimcuYes wnicu cuiapci; -"v.. niple dundSiior- 'contentment, and oeace." - t -em . .. . f x-. He waisnsuined by a just people ana ing into r IfectfhHr decision so far ? it-de- penc upon hinx vi, Ut a ine.su ostuuirs ior uie ureses u w hich hare beep suggested, none seems to IkiiVn nnttrl finfr!onsiderab!e Dortion of the dud ic in fiis laTor. mmosi ai wcw c tn the ariie :i'conatitational . obiections for which ihh present BWkhas )cen condmn itf.'and 'perhaps $ to all there are strong qb- jrctions on (hesr ore or expeaiencT. in nu- dma tho countfv ol an irrespocsioic power which has atteinpted to control the Gorern ment, care, hnsi) be "taken not to unite the 5 iff'- it ..t .nZ4rtm and: arnuDpen' & v which? have . UnitedSUtci-;'the President deemsjft his .. m this manner to lis VIVTW V n ' t i .i5ni th fihall conclusidiis' of hwn4 if; m. .ifct . - ; 4- rnind. and the ireasopsn wnicn iney re fonndedin ordci to put them m durable. fcrm, and to prevent mwcoticeptions. f The PmldenVs convictions 'of the dang erous tendencies bf the Bankr of the United States, siftce'; gl;itustijUedr itsfm .T- . i -ui-Minrf lioTr hA enter . Idujion the dutieeChief Magistrate,; that K ho felt it his duty, ! ftwfthstanding the ob- Sections of thtriettds byTwe wassur iAA vn avail himself cf the fifstpcca- ftbn to caliche sSend6nIfnand thelpeople to the? question lis re-cy-r The opinions expressed 4i Jiis, annual Ms- iase of Decemberl829,wwere reueraieo in those of DecemberyJ82K And 183 Uand in that of rl 350, he threw oul fer considera- ''ii&?iatom suctions in relatipn,to isub- f vtutute.- At .the Session f ofilBSl- ah Vis pW.br;arinaj0rijrt$f ibotftliouses f:jCongres.ireccliarterin fthe present ankv upon; which 1 the President felt it x I hisi dutv to put his - constitutional vctoj ' liUiMessa retunibglhact he repeated ari the Dlace of the Bank of the United: iUite r-'-!d nnt'be aaddcnlr earned into cCed ca theMerminatJoV of ls VxjdeticeJ without I serfotisinconveaiertcq to the' 4 .ovcTnTsent.l : - - - - - . - . is -i - i ; -i ' r andjhe people; WrwW are then to beredeenssayano jwunarawn ected.v-These ODeratins must he Qual, othemse:mubsuHeHig4n' brought upon tne ommumif fitipugn, and tile President thinicil itcantM with 4qe .in satiie oo.vtr s witu we iceciiuve orancii fcfr i -- ! 1E.1.1111 iiiv l a. fcothinexDcdient and -iuncpnsniuiionai, ana announcer HoBis cohnlrymenrHveryun f cuivocallv, his firm deterpiination never to : 1 anctionby his lapprHp;cpntiquance of ihat-institutfoo, tb.stablishmenLof ftny thelupbn similar ptineipln t $ 1 - There: are iijsohg jreason forbfeving ' thtthemotivejof the BankUn aVugftr a Wcbrtet at that ' session V-ofngrtsa; was to mskit a leaaing questicjnlln the election f a'Presj&ent gjh?JPf t9j' en; 'November?aridHU ItepI deemediiet IS- ieetirfW j tfeare .'iAUhough the- charterXas approaching iU y terniinatioh, and the Bank was" aware . that was the intehdott bl Govern tn'iisB the7nublieEdenosites as fast aSita'ol. ctred, inthei pay roecit publip debt, yet did'rt:extend4ts Um,om Jknuary, m 1, 5 Mayt33&$p,40204 54 tbTOSSjOTbSIbeing ptqv increase 6f of 23,025, 56 Rlldinsttteen months. Jt is confidently belirved, tliatj the leading ob ject of this Immense ( 'jatjeljsip of its'loans, Ttc Kribias If rgei "Jiot!iej peo i Jple aVrjoWblc; under, ; ita power and inu 0. cncei'a'nllt haslbeen Misiibs,;that.:some OH tne largest sums were icramu jqn very r unusual terms to conuuevors 01 tne ;puDiic t)rpl Jniome of these Ifcaieii th motif e ts made .manifest by the hominal or in- - sunkiew gexrityjiaKen io ine loans, oy ine large amovsts- discoyeredgby "the extraor inaryWtne Allowed Ibrpajment, arid' es rriallv WifM ffubseauerit conduct of those I ' :;feUivfnr the iec'nHdaHbnjfc''- - rj: . ' lLrrinf? taken taese oreliciinarf steps lo - loliamjtrol over public opinion; tlie D "?'!. 6anfc came JritoCongrsy'lnii'aske new j iAarter.Hl eMobjectsjJ wrded i bjr roabjrof l--j. ttheladTocales of the'Bari as tote President t;lae twlhattbe cduntrt might currencv and the- oower over' individuals now D05as9a!i' ineuinKioiuKuiuieu States. Tn Twitli viher material difference that he is responsible !to the people, would beTobieHionable and as dangerous as to leave it lis il is.;J? Keither the ' one nor the other 19 lieceasary, and therefore ought not to le resprted to 2 !fV . t)n thte hofeithei President considers it as conclusively :settled,that the charter pfthe Banlfc of Ithe United States will 'riot be renew - ed, and be ias no ' reasonable ground 10. oe lieve thjt any substitute will.be established. Being bound td reflate his course by the laws aS they exist, ,aqd hot 40. anticipate the interference of the iei?i!ative pbwcf,for the purposed teaming new sysieoi?, 11 is prop er for him sWionHbly toonsider the iheaai by which p1bo services rendered by , the 3ank oftbe United States are to be perform- eX alter lis cnancr snail expire. " Tb6 iilstiric laws declare, that alhede oosite35of.the" money of the United . Status bruncbel thereof maylbe . established shal be by in said Bank, or branches thereof junlesW the eeretaty. of the Treasury sh?IUt anv. tin otherwise order anl directum Which case thel Secretary off the Treasury shall immediatelv lav before' Congress, if in ses- yion,'and H not, immediately after the cpm- son for feuch order and direction " 1 i Th nflwpr hf the Secret irvi of mprrhanla inY and 'undertakiD'T id ria'ihe inicrest itieir VTocuredHthtjoris!ritof the Sreiary aJlrcon saliation witJi the iWidwit, fci rxtportft the fy-. teetit.oatu tbd sacceeuio? fifst cf OcttOTf too soon, than id elavj itjtoo lonffuWb;:.! It' is fbrthe l1Vis4btftl)&f C6nrtesj.t de- in the pice or ine ianrH in unixeapiaxes; and the prbsid '; wMdf havcHlfelt himself relieved from a Heavy pnapainiui responsi- bli ity H, in tne r:naneroi xne ianK, ionzrrss at jts p!easur,;th public money to be else-whcredepo5ilan-i!id,j; detrvlved that power exlusi ly"b llonl of the; Executive Departrof nts. pt is fsMesi now; to inquire why this hich and important power was sur rendered byHhose "wSre peiliarly and appropriately tnp .guraians m ine puonc moneys rf rnaps 11 w viiguu uui : the President gunajb t6at thfai j charter !to the Bank is to be- considered as.a .cqntraci s : isr V'tV AMrVToTk if 4 failed 4 us 1 corauiuiee ct nve-f cezier hf ,..i .;v,. c--? -iiCL.. t ss.- -i-l It would ill beebme the executive branch;bf the Government to! shrink froav any duty which the law im-; noses on it to fix upon others the responsi bility whichjuitly jflons to i self.. And wWilrvthfi President inxiduslv wishes th niv- ll The gower of.thejewftryiof theTrea- i from; the xefdof j doibtiut powWW surv 1 ovfer lhe. deposites, is unquaittita. anii to a volM all interference with the rirthis l ne iprqvisiun? mat uooui i ana quucs or outers,' oiusikjcu witn un- sons;to,nre?s. 51s . -no iiiauauyu. a i 1 Sblcen constancy, 7i$cn irge nis ofn .obh hot .been ins;rteaVhe rwonld Jiava-heen I fttionfii andWnno ailbwfhimselt to tiwn.fl. responsible' to, Congress, had he taade a re- Slde orje"r If i& Mifa any responsibility povai ior any oincr uiau guuu rcvua, wvj wbicn tne fcgii trust wjia wnicn ne nas beerj Jtis responsibility;.--now ceases,'. upbn the honored requitics hir io lenckjunter and "ij rendition ofsafBcient ones tb Congress, being the duty of or4!of the Executive. De l ne oniv uujvsi ui urc 1 partment to ueciae 11 in -uie prsi instance. fl Cbnsciocs that at the-endlof that j-qoarteT .tne. Bank .would not be abl8. tdtpay ? over; the dep guea, ann mai turiner inau.'Tence ivas boh" expeciea ci trie uavernment, an agenrwa3' ui natebml'ta lhiriarul.5i0f(Llir, tal npfroeiate with tlte holders of triepubrui debt in Earopc:and in d uce them: by.th; otterof an equal drbigherjn- rarest ivwaa: inai-paia-i7'jinejroTernnn5iii W hold back their aainut lor one') jeartrdarnjjt bC5,(K)pijdars of puUicbneys wlij$( tbp CveriimentVriuld set partjbr the p4ymeni f that debt . be asrent made an .arrangement on I terrns.in narf -which were in direct violation , rf inecnaner oc mo JianK. sou wnmi ,umw juvr dents connected withithU' scretne2o?iaiion ac lidentaliy Iqame to Uie knowledge of th publjc and the liotdrnment. then and 1 not bclure. so mhch 6Fts was palpably in violation' uf the diarler wai! disavowed! A modification of ihe 'rest was' attempted, with the view of getting, the eertifieates -without ba vnieot of the mjner. and thus ahsolvja the Government from its liability wthe holders. ri In this scheme the Bank was partially Succesgfol. but to th is day the ' eertifi Cates iofa bortion of these suick i have ' not been piid.and tde Bank retains the use of the mo I iThfs efldrt to thwart the , Government in the payment o(tre public debt, that it might retain the publ?c money to be used for their t private in -mt-M funded a3jnsinre7would have justifieJ the the power of CongreT0 disregard its stipu- instant.withdrawal ot the pablic deposites. The the public moriev is tb be deposted in the Bank? During ihejeontinuance bifits charter, unless the Secretary fpf ! the Treasury shall ptherwise dirftt.i .fne therefore,' 'the Secretary of ' the Trgirj firfeacts, Cprw gross have no Ipowelj pyer- thejj subject, for they cannot add a new cliuse to the charier or strike one but of bt without? the consent of the Bank; and, i coequently the public money must jre)nain fi that institution to the last hour of itsexisteice,!tmless; the Secre tary of theTrelsuW 5half re move it at in earlier day efponsibility .is, thus thrown ug'on the Eecutive branch of the Government, of dcdd:ng how? long before th4 expiration Uiejjchajrtrr the publicin tejes! Will reqiilre th;depsite$to be placed elsewhere j Arid although, according Vto the frame arid priociptejof our GoVer tnelrt.' tnis aecision wpuuflave geemeri more. prop, crly to belong id the legislative power, yet as the law has; imposed it upon the Exe cutive Departmeptjl the Uutj sought to :,tre faithfully and i tnly niet an d the decision made and rxeiited ijpon the best lights that can be, obteiniul, and athe best judgment that can be farmed tfibse.bodies some cf "those DirfoM ' h-tr U L plact3 oVshrneoft theCojrimftreesUey are f yeii In euwreij excinaeu, injrn tthe Uominitte of Ex-chan.throuzhbicfrthe jeclionable loani haVe beeniiad 'SH tt- i'ivnen- the ' , Govemmenpirectbrs imada an erTirt to hnn backjthe busineaa of ihn Bink to theBoard, in obodilnce to the charter? and "the existing reguUtjons; the Board notobly overruled meir leinpi. ouaiarw rhldt so a to., nuke it conform to the practiced in directh.HtiM f HMieof 'the mpst important provisions of thw char ter, wnicn gave them existence. r ;. 1 lhas Jongeep town" th4t the President of committee thetBmrd;i4 V"cu ci au racsna ci communication xwith the Government in relation iui rn.t irapof unt actsi'at the thecommela.eent'oF.ith pre JW one of the GovernmentJDlrectow placonyJcr.CoW ali thOCirh since. hY an nnnot :rrtrrATi;n port to H UU these fjeii lif,. wii i ' ' S fderthe control fnA m,? in it mo nnui 3 .;- .:- v ne?octation, itself rendered doubtful the ability of t'ie isank ta meet the demands of the , t reasury and the miirepresentations by which it waa at tempted to be rustined, pnircd that rw reliance could be placed upon its allegations. I If the pieation of a removal of ; the1 deposites presented itself to the Executive in the same at titude that; it appeared before the House of Rep resentatives at their last session, their ! resolution Jin relation to tho safety of deposites would be en titled to more weizht, although the . decision of this question, of reinoral has been confided by law to another department of the Government. Bat the question, now occurs, attended by other circumstances, and new disclosures of the must serious iraporti It is true, that in the message of the,, President, which produced this inquiry and resolution on the part of the House of Re presentatives, it was his object to obtain the aid of j that body in making a thorough examination into the conduct and condition of the Bank and its branche&Hn order to enable the Executive Department to decide whether the public money was longer! safe in' its hands. The limited power ofjjjthe Secretary of the Treasury over the sub jocvdisableti him from making the investigation a j fully and satisfactonl) as itcculd be -done by a committee of the House of Representatives, and h nre the President desired the assistance of .Congress, to obtain for the Treasury Depart ment a full knowledge of all the facts which were necessary to guide his judgment. But it was not Ibis purpose, as the language of. his message Will shuv, to ask tho Representatives of liie people to assume a responsibility which did not belong! to them, and relieve the Executive bri&cftl.jf jhe Government from the duty which the law-iUipos?d upon it. It u !ue to the Presi dent, thatjhia object in that loc-eding should be distinctly u iderstood, and that he should acquit hitfiplf 'of ail suspicion of seeking to escape from the perraiince of his own duties, or ot aesirihg t) interpose 'another body between himself and the pecple, in order to avoid a measure which he is called upon to meet. But although, as an act many of the - most i important meaurrs f connectea witn ine management and credit oMhe uuf auu mai me vrninuiee, q wen as vne Board of Directors, are left In eiiiitw rnmnnM offttunyjacis doneahd currespsdbnee carried ooiltt their names, ami tiiparently under' their aQthority The fat ba yn dic at an unlimited discretion has been; and is now, vested u rrtsweatot tne tJanic to expend iUIuihIs iu payment for preparing and circnlatng articles, and; purchasing ainphlets and newspapers, cal culated by their contents to operate on election's, and secure a renewatof iu charter. It appears from the official report of te Pablic Directors, that, on the 30th Npve nber , 1830, the Presi dent submitted to the Board an article. pnblisned in the Amf-ricin Quarterly Review, containing tamable notices of the Bank, and suggested the expediendy of giving it a Wider jcirculation at. the . expense of the Bank, whereupon the Board, passed the following resolution, viz: ' RMofeed,That the President be authorized tn lake such measures id regard to the circulation of the ton tenia of ihe said article, either in whole or part, as he may deem mast for the. interest of the Bank." . ' . By an entry in the minutes of the Bankdatedi aiarcn Jim lb31.it appears that the President had not only caused a large? edition of that ari ttcle to issued, but had alsoj before the resolution of SOth November w.as adopted procured to be printed and widely circulated, numerous copies of the Reportsof Gen. Smthand Mr tMcDuffie " favor of the Bank, and on that day he sug gested the expediency of ief tending his power to. the printing of other articlea whirh mirrKt.nU serve the purposes of the insiitntion Whereupon the following resolution was adopted', viz: "Resolved- That the President is hereby au thorized to cause to be prepared and circulated, such documents add papers as may communicate to the people information in regard to the nature and operations of the Baok.f . The expenditures purporting " to , bars . been made under authority of these resolutions, during the years 1831 and 1832, fere about $80,000. For a portion ofji these expenditures vouchers w$re rendered, fron which it appears that" they were incurred in the purchase of some hundred thousand copies of newspapers, reports and speeches, made ih Congress, reviews of the Veto Jties3age, and reviewsof speeches against the Bank, &c. Sc. For anbtherlarge portion no vouchers whatever were rendered, but the va rious suras were raid on orders of, the President ol the Bank, making reference to the resolution of the Uth March, 1831. j pn ascertaining the?e facts, and perceiving that expenditures rf similar character were Btill continued, the Government Directors a few weeks airo offered a resolution in the Board, cal- V-m S? ,u' ? eterr Un' Jf MS. FZ?f ".a W Powi'liliel, Si."' f i pre Mn UxS"UmtSSi IUJK.1. HiHI iniV Iho - ind even iniHinlmAL jT V1 Wn au4 run j. i. burselyes to the oeonf e or Wr U LTf ployed fbr,ttch purpo3er1 - 1 iiis i c&ijus awAii v wvfi.-o.., .., y..- saDject w uiejiufcurq ai;uuu yi iuc icgista- sanciion or tneir counsel, yet ne is at i an umes pie thubody fthctabreadily to'jiidge of tfve poweriyhether jjtliej j public deposites resufy to listen to the suggestions of the Repr? their soiindness, and purity, and thereupon sh5U remain iiri i the lank o the United sentaiives! of the people, whether given volun- to niakeisnch 'iurther i provision, by law, as States unUl:the end & iti! existence; or be fy upon i.dicitation, and to consider them relauon! to the deposite.of theWierrton: h Jelt himse f hpgnd to., examine : the toe howeref, to himself, ht ey Those . xeaspns j may oe ven tiiverst- iestion xarefuH v , and deliberately in or w.i.t finiw ft inn Vi iu nwn inHirmAnt wKcrn tna fied; . It asserted by the vSecretary oflbe derto make up 'his judgment! on the sub-l constitution and the law makes it his duty to course on his part, will that elevated body as a mark hut they will, on the con iCisutjwituvuv; vm va j lect! anq in BIS -opiUlU, : UC at;ar, auuiOdta I ucyiyc, au i uiuatwv 48 17. thaUhe bad i;povyer kto control the ftftb termination off the charter: and tlie I to suppose that such a oroeeedin2s of k of the, Umtedi n.M-radonii heretotore mentibneb. areoflw M" bX ntrin(ri: ' hnitti' it iinrcn jfn 1 .t . . .1 !L il.. flcL.i 4.1 2..a.C..' 4l. I pf dl8respect to ItSelfj .it.uL.Af tnrvrAo thma' Ii.d.iniinn.. I . . - . m - J 'kL if .v l wary esteem it tne iiituciai wbo m.wv ....-vtutw., i ninvjii or ub qcdos ues wunoui reiert:iice iu.i ii ts that -tin SqfrtiT;bf the Treasusy will al- the conduct of the Bank, iurirafetjfjn i wavs t;e oisposeq.! u ttfnppor me creoit tn i teeoinffJ 1 tsanK uie uniteu otates. anouia reijse to its niisappIicMipns opuIit tnds, ite .nter-i substantial revive vu itwraui wwi vuiw ferenee, .in elections, its enorts, by tne ma-i some of the Badks as tho oublic interest reauired Should .rirrtrviittpJaii iii , !rlnriv tin finff-:! metre ft!atl ' th ? Statd Banks, and wim invariably direct nIlt ;n iheonduetof the Bank mav b transfers frtun the f depo?ites of the r public hbQnd other reasons yery )mpierative:in thei money m aid ot tneir legitirpaie exertions chararter and whichf eaiure nroniDt action to aikin-iheir'credi't;V. !v'td ned a r j3eTej0pmi;nt haveea made from time rim ri i'iiiiiiuw i. iiT iimlit .1 rv i irrii r rr i a a. & i am n u rvi itim a tt . - . . liu-K;- ! t.'x: . m iiuio wi ,w : n --i ; thatAtie Uank controls. and m some cases ly owns, aod by its money siippo i leading presses of the countryts now if pstahlishftri. - Kditors to whom it Iks Teceivcdun payment of the public dues. I :imf nUUnn fntl L-n,wl,ro off loantu extravasrant sumsin 1831 and 183i, on in several Instances he did transfer tho pub- bf its concern. andSkoove! lali its fl igrant! he gepbartefftobtate. Jianks in tbe lmraed, misconduct as recehtlv arid! unexpectedly! of justice lo himself, he disclaims any design of Hug for a specific account of these expenditures, solicit ing the opinion of the House of Represen- showing the objects to which they had been ap- tativesin relation to his own duties, in order to, plied, aid the persons to whbra the money 'had shelter himself from responsibility fonder the been paid. This reasonable propositbn was voted down. i . Tkey also offered a resolution, rescinding the resolutions of November, 1830, and March, 1831. This also was re'tected. Not content with thus refusing to recall the obnoxious power, or. even to require such an ac Count of the eipeodrtare as would show whether the money of the Bank had in fact been applied to Jthe objects contemplated by those resolutions as obnoxious as they wer8the Board renewed attention to its exercise, by adopting the follow ing in -lieu nf-the propositions submitted by the Government Directors, vizi - - strongest evidence he can Resolved, That the B4ard have confidence giveif his ' fixed resolution conscientiousry , to j in ihe wisdom and integrity of the President and dischargeli his duty to them and the 4 country. I in fthe propriety of-, the resolutions of SOth No- A new iiLi'te nf thi.ncra has. however, arlsrt I vmhpr tfiflO "anrl 1 1 th March. 1831. and en- since the close of the last session of Congress, tertain a full conviction of the necessity, of a re- aod evidence has since been laid before the f re- newed attention to the object ot those resolutions, sident, which he is persuaded would have led and that the President be authorized and requea the House of Representatives to a different Con- ted to continud his exertions fur the promotion of elusion, ifl it had come to their knowledge. The said object." : - ' , . Taken in connection with the nature or the expenditures heretofore made, as recently, dis- J gory Department will endoubttdly closed, which the Board, pot only .tolerate,-" but I ions attention. I The Banks toba a approver this resolution puts: the funds of the remit the moneys cf the Govelrmawtvf Rank at the disndsition of the President, tor the 1 chame. ai the Sank cf the Uaitod unusual time and nominal security, have s:nce ! purpose of employmg t the whole press ot the does ; must render, all the servicei vrBp turned out to b insolvent, and to others appa country in the service of the Bank, to hire wri- j Bank now performs i 'mutt keep tki . I1 has been alleged by some, as ao Mm the removal of Uic de Josites, - that the 1 the power; and m Ujatventwijl .gf position, to destroy the Sute Banks eoJvl the Government;- ;and ' bring idutrwj m pmntry. h hasntheortuni MW& iient toencnantcf gangers whicrilere 3 ted aj equally arming, ind hafhanp vanish, before rrsoiution and enifl jeqMttyaUms;pMk this Bank cams to demand aTn iw.iirP? what was the result ?i Has :t I frumed, or evettdlsesdVMr Terily believes the Bank ;has" felthel lO produce the ? amities liti tet frhe fuada of theGovernment oot 1 heated by being transferred They, i diatehr be .ihelefif.fcfaiiii'J the Bank of the jGnitedtatesMrtail K ;the Sta4.Banks,,sUengthi!ped3)y:he oiAlS tes, wiir extend ytlra PVhtf M J tnmuti one Uank, wdlriq onlfthnicla ,uie Bank, for the mert ipurpe of 'phBJ distress, press f its debtors me IhesrifrW some ofthera ean bear, the cousjqof ti&i y. coil upm itsHf, and in the attempts to 4 thecounoiy, it.yl only bring loss anirlp flmK- flotflfty dent levedhaCank possess aU which has been Attributed: Wt,bXfefc 5wld wdy be renderetf tie wore lnj8exkMt indeed, this 5orporatiort now' holds i in li&Jfe' We liappineas and pnsneti'tv hftSwt'Aik I people, it is high time to tale thealsrmli despotism be alreadj nponuandotxrimrysd jsin themerthadpuTentdeVefe .. loiiun u aim qesigns tna u means t c' pJoys.show how necessary it ia tothiloj M Tllrt Strusnrle can never rrmn ' Vi tf 1mm iirJ to the people, or qridjer more ' Uvorable tW than at the present moment. ' .:; . Mj i All doubt as Jethe waiingness fir Banks to undertake the aervice of tne ' OpJ ment, to the same extent J and on "tlieiame M as it is now performed b the Bank of tiiS ted States.1 is potto resitheirtof tKeW recent! employed to collect jnfbrmitiorJ from that willirigness, their own safety th K operaUon may be owndentlr inferred: ktairJ tneir own retourcea- better -rthan" they m known by inthen, H is bit tmpaau t Situation wnicn tuny curnn weeupy ;wiftMijaJ geroi Biini una iion or czaoarrxsmeci. wm!f ennsldfratioa applies to the safety isf it jpcj funds, if deposited ; in those institatiooai sd wnen i lsssen inax . iqb ; airecion at vxipi them ire not only wunog to PJfdjja the pr. ter and capital of the corporatioos io givinsj V I cess to this measurefjbut also their o p ana repuuuoo, we canaot eoubt tut W, i least, believe the public deptitet would Mi in their manairement. i The Prpsideoi 'I. that these facts and circumsncealil strong a guarantee aa en bo had in hraait j (airs, fbt the .safety pf the publice . (o&i tne praencawmy or a new sysi era or ,eoir- and disbdrsements through the agency t M Stale Baoks W .Wi From all hese cmnuons the j fM thinks that the Stat X.aVs ought: imcae1.. to bemplovad in the VoHertion 'ind ment of the nublic revenue, and the fan4 in the Bank of, the yjwtedta r.'ll vrt nil ronvenient ' isnatch Thi mkl theTttblie morisyv r ifefw8itedlkj Banks, must beiaecured beyond- all doubt: but the extent and nature in addition totbeir capital, if any be teaj1 cessary, is a ituect of dstail to ;whkl(4T ii ! . pediencei thenjheri intght have led some P,7.cuy rr aeguou maxxjie qpes : ; tioa xvai'not; decidedf by the pebplei was A ioompil thb President lp Iwittand that ihOTCstiDn wa, brpugjitrfrd:at that particular time, He metlbe diallcnge: Itstlff without an willingly toofcthe position ictohicii hisifqsibni no late! yicinitVf branches, tor reasons con- disclosed in JJptaciftalll.Vb funds' ofthe W f i s T" t v '"x i KanKj including me money oi uio uovcrn h? r resident ot Jii i.-i If it waslawful for Mr. Craarford. the! Sec-1 fir. onininn arid rirocurinrf a new charter! retarvof thel-Treasuri at that time; to act without reiuirin??hirn to ; render a vouchet bankrupt J and the Bank w-s An i-, nnltWii will tiA .liffixiiti tnf if,, Ju,l,t Mnmorti ! A ' krif rfx mtnlnl tbr man V vears there has not been less, on an VU tuvpu uiiuvii'ivu ..... w w..uv.ua& i IKJI UJVII i4Uuuiovui'ii jii mmv. xwf .j..- j . . L";- . .... - ... . i;t-fr thatiiisUtulion, might be passed rftily in no better condition accommodation j ter and newspapers, and to p stiil more extravagant, on terms more unusual, las be pleases, without tn- respmsioiuiy oi reo-1 tn tine, in any arrangemeat wiia r ave also dejring any spocinc account, ine uank Hanbo, anU sometimes without any security, been heedlessly granted. iThe allekaiion which has so often circulated through these channels that tho Treasury was sustaining it, when, iiitfif?i thus converted into a vast electioneering engine, i be placedl on a -mrse tfooWgthaa a. a DBFrenaaai is diodt ui peiw v , Iknbw his final determination jieJoiive to the I discover any sound reason, against the ap-j tion of the facts whistjh justify; those j Bkr jtb 4hir;cnsutng in stillstrpng- and which have con, tb thei knowledge fvocumcpts an a aruciea were r printed-and . J-.ejilatid af thexjptise; of tl&4Bnkftb ; bring 'tpctbia yoUwble1decibn ;upbrvlftr rxeteLsi(?nTlibse j wherj the . fi&nk appears to h-ve madaitsebtQrs ( for i the special occasion; Wre!watnefofAe j hiia which tviited then), sHouidetlVeslw ; dent be -sustained, audit alterants welknatfe to alartn the w6le.' pedplo ibypaintaje the . -djiceand theberalltjticonvuteh i anodistrt iiomeiatel , : ' President in ppcsiubii i$ he ?aicfJ vur ir nvr uo Biu;iaaw locr -uuesuon Or - - inctecxjincr oi uic w'qk wiw not oeciuca at thetejrawhichr IhehVetb .ll"!u.V S'Y i 3-?;- Ji;iij;. vwnoie rrcrunou u wau tneiiy uten ,ex- tU moano tr omhmll tllA AOIintrV in feuds, and, under cover of exbenditiireo, in port of the agent, 'that the Bankt l J themselves improper, extends iu corruption consulted have, in genoral, cnoteI; r'i through all the ramification of society. the serrW od; these terms, and wit w Some of the items for which accounts nave I new i one nav iurtnex agreeo -r- y nvo htrmiMa i kun r.niiArrid. ennv ins eonsirucuoa wmcn uu i uicuvb iu Liwuuu.niuiuui ubue.v t --w- i w-v- .,. . .1 . ... i j I .iLL-il.f i. ' misrepresentation, but when it is attempted, ny been given to tne resoiauuns, muu uo wj iu i r.TrTir. er ,;-t"a " f'r puynu auM uicpiucuir substantial acts, to impair the creditor the liov- which the power u comers, na oeen wrwM it ahould alsobs enjotoed opaa ; thaj ; pOer tvhchr- 4he Mnfahcy fcmoveieyery easoablb ddubt as to th ernment knd tarnish the honor of the country, Tjie money has; not been! expended, merely id Jd, may Weraployed, thojtrit 3f of the Banl?, . VasYreely aswrted ai one of feourse which it is nbw theduty of thePresi such charges require more serious attention, the publication and distribution of speeches, ref ed cf ihem tbltiuto domfttU S'i: L. rCmO rWA cw. tix .;L..-f ' .ff SUi.f 1 JS; : I WhK ! millinna .nubliR monev in ita vaults. rieittM of enmmittee. or articles written n for the tk k.fi r rtpe: ta P) tary of the Treasury should now be gravel v t We haVe efeen iha in f?iieen montHen afterJiavjnghad the use of from five to twelve purpose of showing the, cosututality or uset reasonable facilities to the ji r ..; j,irAfUftW.r.7K 1?-. 'UA.ytkAJl millions for nma years, without interest, it became fulness of k the Bank. But publications have to exercise ttotrnoet4iberaHtytoW loncdUnd zmJ l"2 tff Inbnnhnn Phase of a bUl drawn by 4ur Government on been prepared and pensively circulated, conf er StaaTunnJoothia?!" an aJarmpublic min as rroe new ?ts loans mowc!n although oCvilir about 900,000 dollaw, being' the talniilg tSe grossestlnvectivea against the offir lh" joftbe UoiuStt J fciiBlrdofpowwvbotrttobeusurped itknewfthe Government intended toapprcj- gt instilment of the French idemruty. The ceVs of the Government: and the; money which 4 M.Jii tM) byfthe1 Exicouvev branch; o( the Govern-; pnate moat of its large, deposites during that purchase! money was left in the ose of the BankV belongs to the stockholders and to the pubhU n A "J uStih rtho rixatli 4 'tfv-i"- : :vearJniiSrroenf of! th;!puHc-7'deb ft being simply added to the Treasury depositee has been freely applied in efiorts to degrade, in JtiTrS'bei i mlMlfei1 Ff lthe?1gS believfcs. has reasonable cround.fbrejcrx!C?i;that it tation that any Vother Banc ot tpe umieo i wttnpot ino approu Stwiltba breath wCbtO'd tie t the-ive I anon half vears ta the tertnioatioru ot.tne cnaner jnaximum, andan me preceding iuarcn,so i ? r "u 1 S '"'"Y"1'' " "... 7. -TT ii Vi.' not to raise up another power ow 'f. fr: -tti i- h--.ki1i ri:r JtU k. ranements not havws been made by the French erasoinff and dangerous nutitotiuo, ' As the P" ,TuCrbi 1 Tf ITitVi virfTiCrnp of Jthe Bink ta their hands. Under - these cir-1 knows bow much more t man-me sura aireaay "- T to avoid even the aft commenced a secret e negotiation has. throrarb its omans.onenlvi as menuoned may have been squandered, and lor ritU 'S h i a - -: . r . . t; te, e 'o-. --mi : a t ' . - i vnio ann ie wnu ici i bh iniiow . ? .si ti,nnaer n mo wuwiuumij i . . ,?t,f v. .SaoiaWT t torrent oi apuse incsssouj vum w ,c.mnf tKJr Unties aige," tiW t all who are supposed to stand in the Prn?ntf o 45 or Treasury "Department is edtntstea. "the safe keeping, and faithful applicatiob of the pub- from duiced . m -ST- J - . -!. rr i w i . . - i - - . i iwniirmxnci Ml 4W UCVU BUSMIUCU, Utt"UCU U1Q r JLTM I ulU9fr wuw oyi-pv- . . T . . il nnr Inr ilitfTM)M DT W.T .1 ft uoqsoi me puoiic money wnica iw .was tnen i tne umiwowjpyDivowrr... 'T ncinir Wt'iao-rrr nrofit' la fiuvil lermt to 'l the t uLlflAn uh! nnevneeted chanETCS cf Dpmion in f 0 InprnedienL On tnat . ' m . ml i i '". I-islliT t Llj--ir rhn' AAA I ia In tWa Manlntlnll vrersariCSJWgbt tn tce ht;tranWyJ Goteram de-Piresidebmi lthongh iho criarterand the rtdes cf theBank I purposes Vbicb Htsnetl jdeemfd prudent ;ta ex Ceciarco . uj4uuai.i n"w,Hy,u iu r4ugvui vi a"" utijrcu v umu six i cmFim nFInyeaU'auoa was then lfibknln-f ,ootn oeciare wai nwiess naa pe ven auectcrs" I pose ui me eye? uin acij;rai uu im 5&nK as Dfiing ooiu uuuuaMwpuoM, anu i cionyis, pr; a tyear or - two years xrctore wo I te its. affairs atjPnuadelphia Icoms' luimediaif iy I pnai pBrtvecessarjrM we w wmub wonsuwoo. to Washmgt?niaad tanouj t preaung-waao j je of the4 public money;; which! UAwas thenfUie United States? Cab wetanrprised atth iileowpr profit la fiscal agent to "i the audden and unexpected chaoges cf opwion in lj tcf tiMstocw ISf'iifc .HHi61 1 wis peb'ai ' ha3 HC Goverameot, .whic thua seeks to enrich , itself I vor cf an institution which has millions to lavish, the shall , it Je commenced ?t:SballnV ttpp I ravinent bftnesiwiaM I ti- expensed the pubhc, worthy of further and avowr, itoJdetermmation nolfr to spare ita thehartrr expires; and we JlVea"finbl re the BatJ orearerimni geUnotm the cerKj phsh uiu PUfPcses?, Tht rdual .t reader rTtl . -TT " ilv I 'T-JL"i.i.l.f.iSU.Jw House of kenresentiUreo. ofl an account of the jnannei in which a part of tho fJi7 . TT.T I JnlV. jwttcb arnrxmted to abput J elections, ought, la-tbeJ4 to pe loiiowea oj v i " j cause lor theuspicioa that it hubeenc&ed. fur .i...iL:.tt m Nve rfAAmswl tv1lomt as possmlethely,sap KttcalpowetofVi from an mstitutita which has j , to subject the Goveranient to &fj nioIltheactiDnefliho it it i VsV argued to the ople; v ! . ,. ; :..;r j-. r i' I iS
Carolina Watchman (Salisbury, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Oct. 5, 1833, edition 1
2
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