Logansport Republican and Indiana Herald, Volume 2, Number 19, Logansport, Cass County, 24 October 1833 — Page 1
3E ILAMSFMTT IRli?UIBI.IAM : j AND INDIANA HERALD. "'.- W V Mtfarf m M Mia ajf) a. W a. aaai C .nx W re ai t JUSTICE AND TRUTH OUR OUIDK THE PUBLIC GOOD OUR AIM-wTlLIXO TO VRKV F.. WHEV PRAISE IS DUE, BUT NOT AFRAID TO El. A ME, VOL. 2. LOCAKSPORT, 1XDIAAA, THTOSDAV, OCTOBER at, SSSsT so. 10.
1VW
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1 "iwniiii
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op-
(I 111 MS I'llfirifr tmlr.c lis :.- . I... I. .. ....I .. I . r. , . .
sou, d.:cssa,.d iu,ly,at.d the.eu- to.Mry of the Treason ti otherwise di- lars. The President of k-K i
MKesucn iurll,erprovi.,cn, bj lav-, asirect. Unless, there for., the Sectary though the Committee of Invtio n
" " V, ",e ue,cslle 01,,he PiI,;) owcr orcr lh0 su,'J'-'t, Hiey caw- adehmia, nmt- immediately to Wavf,
lannenr in hor, rv,J. .1.1.1 e .1 ...
",,1UC ur8iornie cessiblft to Coi-crtss. and n ahi. lhai inn,it...l in ils Rnt -.i..: . ,. .. . .
. ." . occasion, ere warned of the ru- body the inor, 1,- 1... ' A IZ: Zr 1 .1" " ' ' . on ir.? urn oi the -utcetding July,
in w iichawaiPflil,nm i , 1,1 .n i, .. L. . . . - -v j
un.iii, finnim uiu I ICSident be sustained, and attempts were made to alarm the whole people hv painUng the depression in the price of property and produce, and the general loss inconvenience, and distress, which was represented would immediately follow
the re-election of the President in position to the Bank.
Can it now he said that the qscstion of the re-charter of the Bank was not decided at the elertion which ensued?
Had the Veto been equivocal, or hud it ot covered the whole erour.d if it had
merely taken exceptions to the detail-
' ' , "' 'J Hi ui-iio. auu a new cihu?c io the charter, or ingtor., and upon represent!; t,at tnr ersihed It was averted by the bec-jstrike one out ofil without the content Bank was desirous of accommdat ll .etaryofthe i rcasun, without contra- ol'lhc Bank; and consequently, the pub-;the importiim merchants at New-York diction as early as 1817, that he had-lie money must remain it, tht instifition 'which it failed to do) and undert-W power -to conlio the proceeding" ofjlo (he last hour of its exigence, uiWto pavthe interest it4lf procured ,r the Bank of ibe United Slates at am the Secretary of the Treasury . mil coiLnt ofih. S ' ' ' .P, ?-Ured ,C
n-
rOLl 1 2 C Aii.
PUBLIC DEP0S1TLS. Read to the Cabinet on the 1 Sth of September, 1833. Having carefully and anxiously considered all the facts and arguments which have been submitted to hint, relative to a removal of the public depo--ites from the Bank of the United States, the President deems it his duty to communicate in this manner to his Cabinet the final conclusions of his own mind, and the reasons on which they are founded , in oider to tut them in durable form, and to prevent misconceptions. The President's convictions of tin dangerous tendencies of the Bank of the United States, since signally illustrated by its own acts, were so overpoweiing
when he entered upon the duties ot
moment, "by changing the depontes tojmove it at an earlier day. The re5Pon-tion with the President ' to no'tC the State Bank," should it pui,ue anUiniliiy is thus thrown upon the Ex-i the payment until the sucUediP" Pro"
miueiai course towards those ntitu-!ecutive branch oi the Government. (October.
lions- that 'Mhe Secretary of the Treas-iof deciding how long before the exnira-' Conscious, that at thonA r
.! cM . .1 .. . .. . " M''"r.
lion 01 me cnarter, ine public interest would not be able tj pav oTer tLc will require the deposites to be idaced dePosltes. that further ii.unlgeace wag
ury will.-'hvays be dispcrcd to support
L-vvhere. And although, acccudi 'nl tl "e "I'ecled of the t.'orernmtnt, aa a1 a- i 1 r p-'nt was dtspalc hed to Ejioiand eecrellv to he irame and prin.c.ple ot our Gvnepoiate with the holders of the PS d.b"
ir.eni, trns afCt?ion would seem more in hnrope, ar.dii ducc
projterlv to belong to the legislative I'-'l1''1 orl,1Si,er lnlere power,et as the law has imposed .. vermr.ent, io l.old I IntiO rA'.r ihirimv ill..
of the Bill, or to the lime of its passage! 'he credit of the State Banks, and will
it it had not met the whole ground of invariably direct transfers fruit Hie de-'ehew
conslttulionahty, and expediency, then I positt's of the public money in aid of1 to the
there might have been some plausihili- their legitimate exertions to maintain ty for the allegation that the question I fnt'ir credit and lie assorted a riht to
ws hot decided hv the nnorde It w.m ! emulov the State Banks wh.pn the R.mk n
iorornpclthe P.esidcnttotakel.U d;f -I.eUmted States sl.oul.l u-fusc tolupuu life Executive Dprtme.,t, :j-ZZv:C that tne question was brought forward receive on depo-ite the. r.utes of suchjduly ought to be faithiullv and final) v i m.-ny, which the C.'oveii.mer.t'shou!d set a-
al that pariicular time. lie met the jSrate Banks as the public interest re-;met, ar;d the decision made Sl executed rjrl icrV' p y.entoi ti.atde i. 'l uezu challen?--e, will'mgh, took the position 'quired .should be received in payment oflm on the 'nest lights that can be obtain-! ' K" a" y'-'Sr,-b,,tun terf!is. fa" ..h into which his adVersai ies sought to the public dues. In several instances ;ed, and the best judgement that can br K"t1dJ,?.Vl,Ia,Io;,;f the ner f t.-.e.
iuiii, .ma ii.uiho uettaieu iusun-iM V,,VJ ti'ii.Mci 1110 iiuiun uf ju:itf 10 i incu. 11 nuum 111 in-tuiiif 1 11c L.e- wiiti t.as set k 1 tjC,rociattun acci.ptjtU r--.
State Banks, in the immediate vicinity 'cutive !)ianch of the Government to n t e k: -v tcdc ui the public and the nvof branches; for reasons connected only shrink from an duty which the lavt im- eri,rr'Cii" 1 u &d net belor, so omrLofit. with the safety of those Banks, the pub-j poses on it, to f.x upon others the res- r:;17 V.Z rne
gued to the people, and now that the : convenience, and the interest of lhe!ponMbi!i;y which justly belongs itself, waa attempted will the iew of geuin- tnc people have sustained the President.! Treasury. I And vh:!.j the President anxi jsIt " certificate without puje-tiit ct ti.t- mTmer.
nolw illistanuing the array of inlluence h it was lawlul for Mr. Crawford, the es to al.-lam lrom the exercise ot doubtand power which was brought to bear (Secretary of he Treasury , at that lime ful powers, and to avoid all interference upon him, it is too late, he cor.hdenth jf ct on those principles, it will red'!'-! with the rights and duties of others, he
think, to say that the question has not ' h'l eu to discover any sound rea.cn a- must )et, with unshaken censtar.cy. di?-
gainst the application of similar pnn- charge lus own obligations; and cannot ciplesin still stro: ger caf-rs. And il ihtllo v liimseif to turn aside, in order to a matter of surprise that a power which, avoid any responsibility which the high
in the infancy of the Bank, was free I I lriil w ith nich he has been honored,
alterable opposition to the Bank, as being both unconstitutional and inexpedient. On that around the case was ar-
and thus absolving ti e (overm(,eia frorc its 1 ta.ii i I it j to the holders, in f.is scheme th Hank was partially succesifo); hut to tLuday the certificates of a portion of these stock have not been paid and the Bank retains th use of the raor.ey. t'his eiiort to thwart the Government in the payment of the public debt, that ttiiht retain the public money to f e used for ti-eir private interests, palliated by preteuccs r.o. iortcusly unfuuuded and insincere, wouli have justified th instant withdrawal of t:. 9 put. ic dt posites. The negotiation itself rendered doubtful the ability nftbc .-.X t r.
r- 1 . . , , i t . , . . o . a a . . i. . i.a . . c . 1 1 . . . : j
tentioa ot congress and the people tojeountry. If sustained by my teilow-tit-, '(" atu atiempis maue to eieiie ivTisuojeci me miuie action ot toe iegi- itbe demar.dsof the Treasury, and thomurep
1 1 ; 1 1 1-1 . 1 .1
oeen oeeiue. nateer mav ne tne opiijior.s of otiiers, the President considers his re-election as a decision of the
asserted as one of the ordinarv and fa- reuuire.- him to encounter ; and it beii:'r
Chief Magistrate, that he felt it his dutv, j people gaii:st the Bank. In the con-
liOtwithstaiiding the objections of friend-lcluding pnraurauh ot his Veto Mi sasc.'-'ierlt tl as one of the o
by who. n he was surrounded, to avail i he said: j miliar duties of the Secretary of the! the duty of or.e of the Executive De
hinvelf of the first occasion to call the at- "1 have now done my duty to rm jTreaMirv, should now he uravelv ques-l pai lment;io decide in the first instance.
tae question 01 11s re-cnarter, 1 ne opinions expressed m his Annual Message of December, 1829, were reiterated in these of December, 1830 and 1331 ; and in Ih at of 1830, he threw out for consideration, some suggestions in telation to a substitute. At ihe session of 1831-2.
an act was passed by a majority of boll.' ILmses of Congress re-chartering the preftnt Bank, upon which the President felt it his duty to put his constitutional veto. In his Message, returning that act, he repealed and enlarged upon the principles and views briefly assorted in his Annual Mesages, declaring the Bard: to be, in his opinion, both inexpedient and unconstitutional, and announcing to his countrymen, very unequivocally, his firm determination never to sanction, by his approval, the conliuu-
lative power, whether the public depo resentatior.s by which it was attempted it in
ilesj-nall lemauuti the Bank ot the C. U:,,U11CU' Provt?a no reiianc could bo
. . .: ii. .a f:i oiaccu upon its allegations. '
he withdrawn some time before, the
Presitiei t has felt himself bound to ex-
izens, 1 shall I e fMeteful and h.inpv; if.alaim the public mis d a if some new
not, 1 shall iind in'llu motives wl ith in 'i d unheard of power was about t be pel me, ample grounds for contentment! usurped by the Ixecutivc branch of the and peace."' jGevcr; ment. Me v-;is sastaiiif tl hv a iusf nror.le.l It is a little more that! two and a half
and lie desires to evince hi? gratitude j) ears to the tcrmin.i. ran of the charf-i jami'io the ';aestion carefully and delibhv C;;rrino-into ellec! f'.eir deci.ioa. sofof the present Bas k. It is considererl i eraltly, in cad-r to make up- his judg-
r.m;t .IniiPiwl -n him 'hi' decision ot the country that 11 j mem oa im- mi Meei ; anu 1:1 1.1-, opinion,
Of -ill be s-ilwtituics for the present iia!! then cease to exist, and r.o man. the near appr.,,.( it of the termination of
nnj, ,vhir't h ue been 'i't !ed. '.oat t he President believ?e, has reasonable! the charter. a;-d the public cor.sidera
If the question ot a removal efthe deptisitct pieser.tcd Ustlt to th Executive in the srr a altitude that it appeared before tke l!ouse of heprosentatires at tLeir lait icssion, iiieir rcuoltitiori in relation to the tafcty cf xL vL cfiies would be entitled to mere weight attiiuuh the decision of th question of leincrat hs beta confided by lav to ii.o:l.ere
partu.ent ot the tiovcrr.11.ent. jJot ihe am
I . . .1 , .1 I i ' . . I, . . i t.,.- .tf i it. , h, -.,ilf W f .1 . . a nl,.. -J.ll l
eem to Inve united any cou-itiejabh irrouncl lor expectation tiiat any other; lion. ih-ivum.'si ...i;i.iifi.t.iJ,.iit.-01 uiein-'" -... ira i-y on er circ-r..-Portion of ibe public m ifs favor. Most ; Lnk of U.e United State will he crea-! selves a of them are liable to the same constitu- by Congress. Io the i reasury j moval oi tne d;Tos, es without refer-j ,id,M, .,Jh. placed tnb.;,,; tional Dbifction for which the nesenf Department is entrusted the safe keep-; ci.ee t the conduct ol Uc Lank, or their ar.d re.oJutit.n o:. the part f f,c iu- ,.f
Bank hasJ been condemned, ai d ptihaps ! u g, and faitiiful application of the pub-, safety in its keeping, to all there are strong objection., oa the ; he moneys. P plan of cplleclion differ-1 But in the conduct core of evnedicnevT la ridding the lent from the present, must therefore. be found other P-asoi . 1 m 1 J I ... i : I a . h;iM"!or il
ft
ueprtie'suin ts, U w ;.s his o iecl to o taia
ct of the Bank may l,u;i,d at lnal L"'lJ m '"iug- a thorough ex
country ofanii responsible pout r which j be introduced and put into complete op-! in their character, and which require In.s attempted io control the Govern- j cralion he fore the dissolution of tltejpron.pt action. Developments have ment. care mast betaken not ta unite ! present Ba- k. When shall it be 0 m- b en mule ti em tone to lime of if s faith-
aace of that uutituiion, or ttie establish- the same pwer with the 1-aocu. nv me; ceo o..a, no -p oe likcii m t. ,?( ... .. r ... ... ;..rr..
To "ve a i resident co:-tiol iesseiunu eoaeeni toe ci.arter a-.wu""i .10 ...u .
uv.-r (lie currency, and the power over ! p'res, ana the I reaiury iirais itselt with-, m uauu.r, .i-Mt,, v u.u . .... ...-.- ;..,i;-!.,.. u. s...c.(.d ',v (be Batik tout an ajivnt, its aciounts in confusion J; r.y ot commttiee.-, to deprive the Go-
ofthe United Slates, e en with the ma-j with no depository for its funds, ami the j eminent Direct of a full knovvledg.
1 1 be lii;k and lis hrari
ment of anv other upon similar uriuci-i hranch.
1 1 pies.
There are strong reasons for believ-j
ing that the motive, of the Bank in as.vins
s. In order lo eoa-
bl the Kr.ecuttve hepai'r.er.t to decida whether the public rr.or ey wss l.nerafe ia its hands, i l.c limited pt wer of tne Secrctiirj of the Treasury owt the suiijtct, dibabltd him frcm making the inve-iiratioc as fully and satisfactorily ..s it couU be done r.y ucorr.miltee of tL House o rieprese: tativts, and hei.ee the Preside;. t dered the a.s.st-
..iice of Lni:gress to o tsin Lr the Tr2turr
. . 1 at. r 1 11 f M'epaitnrient a full know lede of ail tke d vt whole busi: ess ot tW Gove: : men! de-jot its concerns. a,d anove all, its ia whSch Wfcren4,cer. to s:dhit j.:d-rita
2re-. was to make it a leading question to the people, would be as objectionable ; rarged I Ur snail u he delayed ui tilg.ani us, a.uao! a .acu, .... v j ,,ut it wI!3 not M purpose, a, the I an?iiageof
. 1 1 . r p., -i , ,7, -.'i,,. T,-i ,ir, MS .l-.n-rpioii -is to leave it ,s it i. 'six nu.li IS, O. a e; !, Of t WO 'Oars hc-i peeieun ui-tio-tu in twttag .ui 1111- . win sneir, 10 as-c tne Kcrprescain Ineelect.onofal csittot ltietn.;jaral as eUn ; .j u t ,je ,c toISSUfIiea fpd StntPfl. the ensum? November, ami Neither the one nor tne othel is . e cs-:m.t i.a. ( xpii.inun i Liuiau . . . i- w .ichUid not .eloo-1 thpm a,.a ri;.i.i
..... v-..., n
for a rp charter at that sesioi: of Co: - tenal duterence that he is lespon-nue
all steps deemed necess;try, were taken to procure from the people a reversal of the President's decision. Although the charter was appioaehing its termination, and the Bank was aware that it was the intention of the Government to use the public deposites
n fist m it rirrriietl. in the payment of
the public debt, yet did it extend its i to regn loans from January 1831, to May, 1832.they ex
I .1 i". .1.1 ...... ,v 1 . ., .-, .
sarv, anu tneieioie, ovigiu 1101 iu n--taMetl to.
On the whole, the President conoid- of the Uniled btates.could not he sudors it as conclusively seithai that the denly carried inlo eilct on the termincharterc.f'the Bankol'ihe United Slates alion of its existenceu ithout serious inwill not be renewed, and he has no rea-' convenience to the Given ment and the sonable around to believe that nn sub-'.peoplc. lis vast aimtint of notes are
-ftf,, will leestabiislied. Beii ir hound thentobc redeem, fi aid withdrawn lrom
obvious that any new system which may ol the Gov eminent, at lt.e d.spo.it.or: ot ; " -7 ; ; T ,:;r;: ;::r r--
13 I 1 ' , 1 I I I l.viwiEltl'CliU Hl'ili e President o; the hai.k as means 01 lliedlllJ whichthe law had imposed upon it.
be substituted in (lie place of the Bank the
operating upon puhnc opinion and procuring a nert chai ter, without rctjuiringhim to render a voucher for their disbursement. A brief recapitulation
It is due to the 1'iesidfnt that Lis eHect iu
that prot etdii.g should he distinctly Vnrierstood, and that Ijc should acquit himself of all suspicion of seeking to escape from the perfiirinanfp nf ki own r"n)irc nr if Aal
, .. . . . . 1 ...... t.vj, j t UV JJ LU ot the facts winch justify these chargers) interpose aaother body between Linaelfand and which have come lo ibe knowledge j the peeple, in order to avoid a measure which
1 ... .. v. . . it.:. 1 1 1 . t
. . t . . 1 ? 1 1 1 1 1 . . . .i.iir-i . 1 -I 1 1 . -1 ,rv., . 1 it 11H lift ca p 1 iinon Tfi mr t rwit -3 t .om-i. a
date his couie by the law, as .circulation, and Us innense eeot cm- o u e puono rt,.u u.. . ..uoy -;J UU and not to anticipate the in-; lected. The?e opera ions must be grad- jthinks, remove eveiy reasonable doubt dcsi ofiJohciti the Oioa ohhc Houc , . .. i- ..4 ..-..w.h ...dnt rc m.l li.i to the course w hich it is now the du- ,r i : i. V .
M'eliceot the le'e-laliv e p.ovv CI . lot , u.u, uuni m isr i.im h-iiuciiij u..-- (-- - - iui ncpn:ciuun.j iu itiauua tw iir, onn qhV . -tl 1. . I. 1.4. ...si.-. 4 I . , Ui7 lici t'.Pvifi(Mtt n IIIU'CU' liia in nr.lortn tl plt.r liin, 'f C-..-
. ,.1 !.......,. ir him- o iifMiu. 11 iress v. 111 er. uui l i u 'uu tne cutniiiti- it w. n.v- .v.... - ...... ... ... muu...
lose ui imiiii'.i, - " ' 'ii,iji . . ,,T , .... .1
from O49.4fi.04 24 to SlOA 28,070 i terf
72, beiaz an increase of $:28,025.7GGjlhe puiq
43, in sixteen months. It is confidently .is proper for
. !; j 4t... !..,ri;.:,r -hifriinn ui i rr the means hv
, . . ' . i ...;. ! i i... 4i., i T'l.i rd S :de- thin
this immense extension ot its loans, was: net eu u u... - i.,....l!.li!.rt..4rl.ii Lne.w the Gver .aient inten-
ertonneu aiier u ctnu iei , mi. n.n- i w. ... jy.. .,v
hv which the services iam-Ot
to bring as large a portion of the people) are
as e
so at
oa
the
9,"
to be
. i.; ' ,r-'.IJ.,v:,!dv ta eoi.si.l-imtv. Ii ouiiht to be nt a work of months! We have een that, in sixteen months,
,,lM J - . - , . ! .. toi.i it . n t .... i -
Iv, but ol vears, Jitti the rresiaeut jenuiag in umi, 100., u.t .m CAinks it cannot, with due attention to j tended its loans more than .$28,000,000,
-interest of the leople. be Iongeralt!ioughit knew the Government inten-
postponcti. ii is suit io negin u tooiueu u ipi" pij ,iv- -""
t'l- 5
': t Sio :;ceotnmoda.ions
l ivin;-
to oi iain control over puahc opie.ion
i.i'.c U.nL'rnoip irito Gomrrc.-s and asktrdi
i- rrlnnt!m(ni n ic next Session, tne iv,
t these p:c.m.ll.i. I Detriments. It is u rless
ill' il ' ! 1 W IL'..i" I
. ...... w ,f,i.. ,.:,.. ..i....i,:a,;i..j:mnnrinnl .m,.1
fi'e power ot the ecretar oi v.. tpjnr uv uns mgn u imp'" r"
- , . t:
, ! e cl.art.-T. T(,e ohjccl :.v..cd t.)' Trearv o.er the dc.0Mj, ,. 7 :n ,,v of the advocate, of the Ou.k, Hfiol. 1 l.c pn.v.Mo. ll ... I .c m i .
IS tO V-Ongll ss, i.u nuiiKVitwn
rn -my
ro out the President to th. test, that the . ountrv might know his final determination relative io the Bank, prior to the ending r led ion. M-ny documents and articles were printed and circulated at
the expense of the Bank, to hung tne -oermle to a favorable decision upon it-
hi reaso!
Hud it not been inserted, he would not
. i , cnnnsible to Congress, Itad
a. iv t; m i . -1 - - - i e made a removal for any other than .ood reasons, and his responsibility now eVnsp'. noon the rendition of suflicicft
,ees to Congress. I he only onjeet onus -hij
sibility under the sanction of their ci:hsel,
yet be 13 at all tunes ready t j listen to th; suggestions of the Keprseistalives of the people, whether given voluntarily or upon solicitation, and consider them wi,h the profound
respect to which all will aiaatthat they are
consequences,
II v from
nstituto le-
and he
coure
irded by
disreon the
strongest evi
dence he can jire of his fixed resolution constantlj to discharge his duty lothem and the country. A new state of things has, however, arisen since the close of last session of Congress, and evidence has since been
was an oversight. But as the Pre ident lianu 10 weep, uu... u... umt. iuiu ciuie me 1 lestuem, wnieii nets
...'.l.l. .i.wl.r itc n. -t r :ill'l 1 11 ft tl- i h ;i 1 1 eXOll'C
,,us!.u.t: u. .... i - .............. . , , , tj.at u,!,..,5oo, than lo! la U'co or.. Plc tluni;i; mat )ir 1:1 fay mem oi i i re; and It ha been .Inclosed, 1 1 Ik- ; !; "'i . - 'h for U,c W,;dorto.'CWross (o ddlhe nuhlic dont. It was in Mav, 1 832, Whatever mav be the
e oi me iai uesi sumi? , L , v. , .....t w. , -v.. .... . , .. . . , .v i., ..a..,. : . ,,i wi, n.es nrnvet at ; maximum, however. !i hmnw f m... fi.,..
iJ . . ,- . . , ; .. . I ivlin ii ! .a r:i . 1, k t uuuii un, irui ?ui,iiinnr Hint i:uvii- ..' 7i i.iu-iuiiu
very unusual terms lo conductors t i.at-, to .1.1. . 5 ... - , ftf o , f. , j.,: alld ,in t,e nrecedii.K March, so sensi- his own iidment where' the ro
miblic nres. In some of these ca-iand oranehes tnei.ot m y . ti,.af .lI1i,i u,. ,V;.s t he Bank that it would not be lion and the law mab-ii h;Crttr
..... 1. :C. 4 U.. .t w. ..Ill v!!i .Ihi.OnM.iH- u" Kjwo, 1 iVJ.uv.iiv .u.w . ... . . .. . " """V
S the motive wa, m.tac i.m....,n , , M him-clf lcjlt.,.d from a heavy lable to pay over the pubhe. depositee cide, and must act accordii-lv,
iie nominal or msutlicicnt secuttiy ih-.,u s u...vu , orJa,.d painful responsib Sty if, in the char-Uv hen it would le required by the Gov- is bound to suppose that such a
11 h r Ine loans, hy tne iat.;e c....i uu. x .., .. . Seoilerto the Bank, Confess had reserved ernmnt, that it commenced a secret on his part will never be reg;
ntcounted, by the exii..otu,ua. v ... .v. . ' , 'r,r-urv J,all inmiediato- toitselfthepovverofdbctii;g,alitspleas- negotiatiation without the approbation that elevated body as a mark of a owr i f,.r n-.vment. and especially by relarv of the J tcnv aainmimo l u Lr t,..vb..hr of the Government. withUnert foitself- but tl,ar tt.ov
. .... t...--7 . - . ;. , , .,., cnc-lort ! : I 1 . 1 1 1 ! -. 1 1 1 I 1 I I H 1 I I I 1 1. I) 1 1 , 1 I !' ' , 'IV I' r I L" UI n.n"ivk.- - -7 r- ..... ........ ......
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i -sciuent conduct 01 tuoso iuu. .., - riltll,n I;rfl. ; nosited. and h;.d not evolved that now- the arenU, lor about 7.UU,UUU dollars if ontrary, esteem it the
1
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IlilWt iiiinui'.. ' . 1 - .i'i . 1 .mi. luirnm f 'i.rvs huh ir. H.l.
, '.ir ,VP ncnn ,' rr -i,v. Ilia I- T.W lllin I I f I 'V. vtun Ju,nu ...... i .. i v .
illUil til . 1 lav iviuli ) u.i uir inv - 1
now to en-'laud, with a viewof inducing them not irtaut uou'-ito eomo forward for payment for one or
:rwas surrendered bv those who are I more years alter notice should be given peculiarly and aporopliatelv the guar-iby the Treasury Department This Jiansofthe public mcnev. 'Perhaps it ; arrangement would, have enabled the
..(I. fill UIUI ."llll. MJH . . presumes that the charter to the Bank is the public money set apart lor the pav ..: . .fit..-, olicij
to be considered as a contract on the; mem 01 inesc rtw.
it is not now
viii 1 ui uiu uu uiiiiv.ni i. ' -" - 1 , r, 7 1 ... L' ntifT r. m inn ciirir 1 rt.
a the power of Congpss u disregard cea, me omen,; .. .... y ... 4- i.:s .4U lntmi ftbo formed the ?rink,th.it it was his mien-
,r in ( rtnirrp I lie Oil V O 1PCI I US Jll lUI.llltiis. ctnu u UH ir. 1 ir Ai .1 t- iStbe Dillon .op? ff oeltf th. three per
After this negotiation had commen-
Tho-e whom
persuaded would have led the House of
Representatives to a different conclusion, if it had come to their knowledge. The fact that the bank controls, and iu some cases substantially otuu, and by its
monev
1 irv"
''jteiitiop.s