Western Sun & General Advertiser, Volume 25, Number 22, Vincennes, Knox County, 21 June 1834 — Page 2
the same to the inspection of the committee. 3. Resolved, That this committee cannot recognize the right of the Board of Director to regard the resolution of the House of Representatives as accusatory in its character, or this committee as charged with the duty of criminating the Bank or its officers. That, in the resolution of the 2Cth instant, the committee intended to
assert its rights to control its own proceedings, and not to indicate a purpose of making a secret and partial examination, or of practising injustice or oppression. That the committee cannot but regard the expression of such an apprehension by the Board of Directors as unjust to its members, and unauthorized by the resolution. 4. Resolved, That this committee, actuated by a sense of justice, will unhesitatingly afford to every person, whose character and conduct may seem to be affect
ed in the progress of their investigations.
a full opportunity of explanation and defence, but claim the right of determining thd time and mode of giving such privi
lege; and therefore, cannot recognize the right of the directors to prescribe the course to be pursued by this committee in
making its examinations. 5. Resolved. That a copy of the fore
going resolutions be communicated by the
chairman to the committee of Directors of the Bank.
and residence of the holders of such out- derived by the Bank from such exportastanding certificates; the amount of each lion; and also the amount of specie inland the aggregate of the whole; the class ported by the Bank within the same peof loans to which they belong respectively, Hod. and whether the Bank has paid interest to 8th. A statement showing the capital any of the holders of the came, since of each of the offices or branches ot the
they fell due and payable.
A true copy: RICHARD RUSH, Sec'y.
Bank, with a tabular statement showing the liabilities aud resources of each branch or office, on the first of each and every month, from Marsh 1S33 to April 1834,
No. 15. I inclusive.
Resolved. That the President. Directors 9th. A statement showing the amount
and Company of the Bank of the United of domestic bills possessed by each of the
States be requested to furnish the Com- branches and officers of the Bank on the 1st
mittee with the entire correspondence be- day of each month, from March loo-:, to
tweeh said Bank, or any of its agents, and April 1834, inclusive; showing also the the Secretary of the Treasury,and Baring, places at which the same were or will be
Brothers and Company, and Hotttnguer payable.
and company, touching the bill oi ex- 10th. A statement showing the amount change drawn by the Treasury Depart- of money which has been at any time
ment on the French Government, on the loaned by the Bank on pledges ot stock
7th February, 1S33; also copies of all ac- las collateral security, the kind and des-
counts current with said Bank, from ei- cription of stocks thus pledged, the dates ther Baring, Brothers and Company, or and terms of each loan, the names of the Hottinguer and company, between the 1st borrowers, with the amount loaned to each
ertion of power, attempted by the Com
mittee of Investigation, should be met by an assertion of right on the part of the
Board, incompatible with its prosecution.
ouch a state of things would be extreme
ly to be regretted. It must nevertheless, be conceded that a case might be presented, in which the Committee of the Board
would be compelled, by a deep sense of
duty, to consider tneir rights, and to act
upon their own views of them.
Among the risks incident to an error of
judgment in deciding, they would esteem
it one of the greatest, that their conduct
might, by possibility, be imputed, howev
er unjustly, to a want of due respect for the Committee of Investigation, or for the
high source from which their authority U
derived. Under the influence of those feelings,
and with a strong desire that the investigation might be conducted in a manner
satisfactory to both the parties, the Committee of the Board gladly embrace the
ALL those indebted to tie lata firracf Tcrdhucn 5r Host are requested Xofh
call and ssttle their notes and accounts W
without delay, at the cC":ca of tha tfabesh Q
Insurance Company, where they cave been left for collection.
A. LkROY, Aged. Vincennes, ApriU26 1834. 14-tf
NEW GOODS,
and the amount now due by such borrow
ers respectively. 11th A statement showing the names of the stockholders of the Bank, with the
number of shares held by each, their of-
of January and July, 1833.
A true copy; RICHARD RUSH, Sec'y. No. 16.
Resolved. That the President. Compa- ficial stations, if in office: and showing
ny, and Directors of the Bank of the Uni- also the aggregate number and value ot ted States be requested to furnish the com- the shares held by foreigners and citizens
mittco with a list of names and residences of the United states respectively.
A true copy : RICHARD RUSH, Sec'y.
OMITH CARBON, TTp E9PECTFULLY inform their friends lTi and the public that they have just received from the east, their
SPlimG & CUE3E3I3H
ASSORTMENT OF
which will be found very select and corn-
belief it may be that their strong inclina- plete, comprising mostly every article .. . i . . i i- .1.1 II II 1 e 1 r i
tion lea them too nasmy to neueve mai generally caucu wr, ouu u isoniy neceathere was, "as yet,no practical difference." sary to say that THEY HAVE to be sold,
If in this they misunderstood the terms of and VYILLi Bis sow, unusually low tor the resolutions of the Committee of Inves- CASH.
of all the persons who surrendered their
.No. 12. certificates of 3 per cent stock, and re-
Bank of the U. States, ) ceived a credit on the books of the Bank
April 29, 1834. therefore : the time when, and amount pla-
SiR: I have the honor to acknowledge ced at the credit of each: the aggregate
your note of this date, and the copv, en- amount thus surrendered, and the dates at
closed in it, of the resolutions adopted by which the same were paid by the Bank
the Committee of the House of Represen to the proprietors ; the names of the agents the receipt of your letter of the 29tb inst.
iuuvcs ui uuueu oiaies. iucy uuvc empioyea DymeuanK in any negotiations ana naving suumiuea u 10 me cur.siuerubeen laid before the Committee of the or arrangements to postpone the pay- tion of the Committee of Investigation, Board of Directors and I am directed by ments of said stocks; ihe compensation have been authorized to present to you the
them to make the following reply : allowed to each agent; and the amount ot following reply :
Ihe committee would in the first place, expenses allowed to each in addition to The Committee recrret to find that the
Committee Room, ) North American Hotel, April, 30th, 1834.
SIR: I have the honor to acknowledge
tigation, they will be ready to receive ex
planation of the committee, in this or any
other matter, to correct the misunder
standing.
They deem it due, however, to the Com
mitlee of Investigation, as well as to
hemselvcs, to say further, that in the let
ter of the Committee of Investigation, of
he 30th ult. there appears to be a misap
prehension of the meaning of the Com
mittee of the Board, in their letter of the
29th ult.
The Committee of the Board did not
Vincennes,8d May, 1S34. 15-tf
character of the resolutions heretofore adop ted by them, and of which copies have been forwarded to you, is much misunderstood. In your letter of the 29th, it is said
"that the Committee of Investigation have
respectfully state that it was not their in- compensation.
tentioo, nor the intention of the Board, to A true copy: allege that the committee of Investigation RICHARD RUSH, Sec'y was charged with the duty of criminating the Bank or officers. They meant only to N0. 17.
say, as will be seen by reference to the re- Resolved, That the President. Directors not come to any decision" as to the mode
solution, that the inquiries directed to be and Company of the Bank of the United of proceeding to be adopted. The promade were in their nature accusatory ; and States he requested to furnish the commit- priety or injustice ol such an allegation is so the Committee of the Board are still tee with a statement, showing the names not perceived. The committee have deobliged to consider them. of all special agents employed by the cided and made known to you that deciThe committee would further respect- Bank since its establishment, the objects sion, that they have the power to compel fully state that it was not the intention of of such agencies, the compensation allow- the production of the books and papers
the Board to impute to the Committee ol ed to each, the duration of such agencies, of the Bank for insDection :that thev have
Investigation a purpose of making ase- the expenses allowed to each in addition the power to make such inspection in the
crei ana partial examination, or ot prac to compensation, and whether either of presence of those only who may be by
Using injustice or oppression. They 6im such agents was either a member of Con- the committee required or invited to atply intended to assert what they believe to gress, State Legislature, or officer of the tend: and to exclude from their room all
oe oeyona an dispute or doubt, thai secret Ueneral Government, at the time of em- persons whatever, who by their presence,
and partial examinations into matters I ploy ment.
which have a bearing upon the character
and conduct of individuals are unavoid
ably unjust aud oppressive.
And finally the committee would most
respectfully disclaim all intention to con
A true copy:
RICHARD RUSH, Secretary.
No. 18. Resolved, That the President and Di
rectors of the Bank of the United States
trol, in any manner, the proceedings of be requested to furnish this Committee
the Committee of Investigation, or to with the following statements:
may in any degree tend to impede tne progress of the inspection of the books and papers, or incommode the members
of the committee in the discharge of the hinh duties devolved on them by the
House of Representatives. The Commit tee reserve the right to exercise that pow
er when it shall become necessary, and
prescribe to it any course whatever. The 1st. A statement showing the amount in the manner which their sense of pro-
Uoard are very sensible thty have neither of public money on deposite in the Bank priety and desire to do justice to the Bank the power nor the right to do so. The on- and its branches respectively, to the credit and to the country, may dictate. They ly purpose of the Board was to exhibit re- of the Treasurer, and other officers of the hope that nothing will occur, in the course
spectfully to the Committee of Investiga- United States, in each month, from April, of this scrutiny which may render it pro.L. .t- i. I, onn , i -i torn i I . i i
nun uieir views oi tneir own ngnts upon Joos, io npni, icwj, inclusive. per tor them to decide upon ana exercise
tne two points presented by the resolutions 2d. A statement showing the number the full extent of the powers contcrred
ot the Committee of Investigation of the of votes given at each election for Direc- upon them by the House: and are happy
20th instant, from which views they have tors of the parent Bank, since December, to learn "there is no practical difference
seen no reason to depart. 1SJ-S; showing, also, what number of votes between the views ot the Uoard and those
Ihe committee are very happy to per- were given in person by the stockholders entertained by the Committee." They
ceive,that as yet there is no practical dif- and what number, by proxy, and by whom will be glad to know whether they are au
lerence between the views of the Board such proxies were held and a list of the thorized to conclude that the room which
and those entertained by the committee of Directors elected at each election. has been offered for their accommodation
Investigation, as to the mode of proceed d. A statement showing the amount at the banking house, can be conveniently
ings to be adopted, in as much as the re- of gold or silver coin which has been pur- set apart for their exclusive use and occu-
Eolutions you have done me the honor to chased or sold by the Bank, the names of pation from 10 o clock A M. until three
send me, inform us that the Committee of the persons to whom such sales and from P. M. during their continuance in rhila-
Invesligation have not come to any deci- whom 6uch purchases have been made, delphia. The Committee assure the Com
sion, and we, therefore, may indulge a and the gross amount of profit derived by mittee of Directors, that it is their desire
hope, that seeing the reasonableness and the Bank therelrom; and also showing to conduct the investigation at the place
justice of the views, respectfully suggest- the most usual and highest prices recei- mutually convenient to them and the offi
ea oy me uoarc.ine Voramiuee oi inves- veo ioreacn oi me lonowing uescripuons cers ot the UanK.ana in a manner caicu
tigation when they come to decide, will not of coin, and whether the same have been lated to work no " injustice or oppression."
diner from the Board in opinion. 1 sold in the United States, or in foreign An answer, consistent with vour ear
i w i
I am directed, in conclusion, respect- countries. liest convenience, to so much of this com
1. Gold eagles, halves, and quarters of munication as relates to the occupation o
United States' coinage. the room in the banking house, is respect-
. I - '
Z. bilver dollars, halves, and quarters fullv reauested.
fully to request when the Committee of
Investigation shall have decided upon the
mode of proceeding they will adopt, they
will be good enough to communicate their I of the same coinage.
decision, that the isoard may be able to
take such measures, as it may seem to re
quire. In the mean time, I beg you to be assured of the continued disposition of the
Board and the Committee to contribute all
that may be in their power to promote the accomodation and convenience of the
Committee of Investigation, as well as of
the great respect of
3.
4. 5
I have the honor to be, very respectful
Spanish doubloons, and their parts. lv, your obedient servant, Patriot do do " FRANCIS THOMAS.
Spanish milled, Mexican, Peruvian, To John Sergeant, Esq.
Chilian dollars.
6. English guineas and sovereigns.
7. Louis d'ors of France, and five!
franc pieces :
1. Half joes of Portugal or Brazil.
4th A statement showing the amount
Sir, your most obd't servant, of gold and silver coin which has been
JOHN SERGEANT, Ch'm. Hon. Fbaxcis Thomas, Ch'm, Com. II of R. No. 13.
Committee Room, April 29, 1834.
drawn, by order of the parent Bank, from each of its western, southwestern, and
southern offices; and also, the amount of
specie which has been sent thereto by the
same authority.
5th A statement showing the names of
Sir: Incompliance with the directions all persons, alphabetically arranged, who
of the committee of investigation, I have were indebted to the parent Bank on the
the honor to enclose to you the accompa- 1st Monday of December, 1S29; show-
nying resolutions.
With great respect, I am your ob't. ser
vant, FRANCIS THOMAS. To John Sergbaxt, Esq.
Ch'm. Com. of Directors, U. S. Bank.
No. 1. TEnclosed in the foreffoinc l
Resolved, That the President, Directors
ing, also, whether by authority from tho Board of Directors, the Exechange Committee, the President or other officers of the Bank, each loan thus made, the residence of each borrower or debtor, the terms on which each loan was made, and whether each debtor was liable as endorser or drawer, principal or security. Gth Statements similar to tho foregoII. I ..I
mg. ot the debts due to me parent Uank
and company of the Bank of the United on the 1st day cf June, 1S32, and on the States be requested to furnish the commit- 28th day of April, 1634, tee with a statement of the outstanding 7th. A statement showing, the amount certificates of the public debt, for which of foreign or domestic gold or silver coin, the Bank hold the money m deposite to re- or bullion, which has been exported by deem, under the designation of "redemp- the Bank, for each and every month, since tion of nublic debt," showing the names the 1st ot March, 1832, and the profits
The Saturday Courier.
The largest and cheapest Weekly iVinri-
. XT- . II- I
paper in me unuea mazes, ispuousnea every Saturday by Woodward and Spragg, price 2 per annum payable in advance.
THIS popular journal is printed on a sheet of the largest dimensions.
No other weekly paper is comparable to
it in size. It contains thirty-two columns
of reading matter, each column being e-
say "that the Committee of Investigation qual to twelve pages of a duodecimo book.
naa not come to any decision as to tne i ne courier mougn oui mree yeuram
mode of proceeding to be adopted." They existence has an actual circulation of over
do not know, nor can they, without failing twenty one thousand copies. 1 his unpa-
n the respect due to themselves, pretend ralleled patronage shows the high estima-
o know, what may have been, or what tion in which it is every where held.
may be, the decisions f the Committee of The Courier posseses advantages orer
Investigation, except so far as the Com- all other weekly newspapers. Its immense
mittee may think fit to communicate them, size admits of the greatest possible 'varie-
Accordingly, their letter ot the ult. was ty, and its contents iurnisn an extensive
founded entirely on the resolutions ot the usetui, novel, entertaining and instructive
ult. copies ot which were transmitted miscellany, comprising the d i Here n t bran-
to them bv tho Committee or Investiga- ches of popular literature, such as lales,
tion; and the passage above quoted, with Poetry, Essays, Criticism, &c.; notices of
its context, referred especially to the lot- the rine Arts; llumor, sporting Anec
dotes, Sketches of Life and manners, Po
lice Reports, Prices Current of the drain Market.Foreign and Damestic intelligence and an abstract and summary of all mat
ters which my possess interest for the go-
lowing sentence in the second of those
resolutions, to wit: uBut this committee
has not determined that it will become ne
cessary to perform that duty out of the
9 0
presence of those charged by the Direc
tors to submit the same to the inspection neral reader.
of the committee." Comparing this with The original articles of the Courier are
the resolutions of the Board ot Directors, contributed by the ablest writers in the
heretofore handed to the Committee of In- country, and in the selection of literary
vcstigation, it did appear to the Commit- matter, the publishers have extensive faci-
tee of the Board, that there was no decis- lities. Their exchange list includes the ion upon this material point, and there- most valuable American journals, and
fore, that there was "as yet no practical among other periodicals which they re-
diflerence.,, ceive from abroad may be specially enu-
Ch'm. Cora. Directors Bank U. S.
No. 20. Bans of the U. States, j May 1, 1S34.
I have the honor to acknowledge your
letter of the 30th of April. It has been
laid before the Committee of the Board
and by their direction, I make the follow
ing reply : In saying that according to the tenor of tho resolutions of the Committee of Investigation of the 20th ult. there was "as yet no practical difference11 between the Committee and the Board, the Committee of the Board still think the language they used was correct and appropriate. It is true, that in these resolutions the Committee of Investigation had asserted a power, which might, perhaps, have been controverted. But it was not the intention of the Committee of the Board to discuss or question the powers of the Committee of Investigation in the abstact, or as matter of opinion, but simply to set forth their own views of what they believe to be the rights of the Bank, and of tho individual citizens entrusted with its administration. The "practical difference," according to the view of the Committee of the Board, would only occur when there should be an actual, as distinguished from a theoretical collission; that is to pay, when an ex-
Acting upon the same principle that has
hitherto governed the committee of the Board, it is not their intention to question the statement of the Committee of Investigation, "that they have the power to compel the production of the books and papers of the Bank," &c. That such is the opinion of the Committee of Investigation they have no doubt; and, as their opinion, the Committee of the Board freely admit its claim to high respect. It is only when ceasing to be opinion merely, it shall come in conflict with the rights of the Bank, or of those entrusted with its administration, (if ever that should happen,) that the Committee of the Board will find themselves bound, however reluctantly, to examine its application. In reply to that part of your letter in which you inquire whether the committee of investigation "arc authorized to con elude that the room which has been offered for their accommodation at the banking house can be conveniently set apart for their exclusive use and occupation, from 10 o'clock, a. m. until 3 o'clock, p. m. during their coutinuunce in Philadelphia, 1 am directed by the Committee to say that they still have, as they always have had every disposition to accommodate the Committee of Investigation, and such they
arc persuaded is the disposition also of
the Board. The committee find their authority in this respect set forth in the resolutions of the board of the 23th April, communicated to the Committee of Investigation on the same day. by which it appears that the Board directed them to offer to the Committee of Investigation a "room in the banking house for its accommoda
tion, and appointed them a Committee of
Directors to exhibit the books and papers according to tke requirement of the charter." But the Board at the same time declared that they could not, 'consistently with their sense of duty to the Bank, and of the obligations of the trust committed to them, consent to give up the custody and possession of the books and papers of the bank, nor to permit them to bo examined but in the presence of the Committee appointed by the Board." Tho Committee of the Board have great pleasure in renewing to the Committee of Investigation the offer of the room, in the manner pointed out by this resolution, and in tendering any further service in their power that can promote the convenience of tho Committee of Investigation. I have the honor to be, very respectfully, your most obedient servant, JOHN SERGEANT, Ch'm. To the Hon. Francis Thomas, kCh'm. Com. of Investigation. to be continceo.
JOB D0XE WITH DESPATCH AT THIS OTTIOS.
merated Bulwer's New Monthly, the Me
tropolitan, Frazier's Magazine, London Literary Gazettte, Blackwood's, Mrs Norton's La Belle Assembellee, World of Fashion, and the United Service Journal. Through their agent Mr. Willmer they are also furnished with the choicest English papers,including the John Bull, Bell's Life in London, &c. In preparing the contents of the Courier strict regard is paid to News. AU Foreign intelligence, up to the latest dales, is invariably given, and whenever a press of important matter may require it, an extra will be published. The summary of domestic affairs is more complete, correct and full and embodies a greater extent and variety of information than can be found in any other paper, as in addition to a condensed statement of localities, a synopsis of passing events in all parts of the country is regularly prepared and published. The Editorial Department embraces reviews of new publications; notices of the fine arts, ccc; remarks on general topics, descriptions of public improvements, amusements, &c. discussions of subjects, dramatic criticisms, &c. This department has been and will continue to be conducted in a spirit of the most fearless independence. Whatever comes fairly within observation, shall be frankly dealt with, and no station or influence will deter the prompt decided expression of unbiassed opinion. In fine the Saturday Courier professes to be the largest, cheapest, most diversified, entertaining and instructive weekly newspaper issued from the American press. The publishers claim for its contents a character of vigorousor igimlity, judicious selection, extensire variety, and interesting detail; and they invite comparison with contemporary publications, PREMIUMS. Persons procuring five subscribers to this paper, and forwarding the amount of a year's subscription, ten dollars, will ba entitled to a sixth copy gratis. Persons forwarding ten subscribers, and remitting twenty dollars, will be entitled to an extra copy and a discount of 10 per cent. Persons forwarding fifteen subscribers, and thirty dollars, will be entitled to an extra copy of the paper, and a copy of Lord Byron's Works, Sir Walter Scott'a Works, or any other work of a similar character and value, which may bo preferred. Uncurrent notes of solvent backs received at par. Address, postage paid, WOODWARD cc SPRAGG, No. 2, Athenian building, Phils. Subscriptions at the oict of the Westers Sun.