Speech of the Hon. Horace Binney, on the Question of the Removal of the Deposites Volume 5, No. 1; Delivered in the House of Representatives, January, 1834 (Paperback)

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1834 Excerpt: ... and the amount for the same year stated in the pamphlet which he is pleased to term the manifesto of the Bank--the former being, as I understand, the sum of $9,775, and the latter the sum of $21,708 53. That discovery may not prove to be as important as it is supposed to be, if gentlemen will advert to the fact that the call of the Senate embraces only the expenses paid by the Bank for printing and to editors; and the expanses in the pamphlet are the whole amount paid by the Bank for publications of every kind, by whomever printed, and not merely the portion paid by the Bank to printers employed by itself, and to editors of newspapers. These, sir, are minor points; but the question of concealment involves great considerations. It would appear that the charge implies a general concealment, from the omission to appoint any one of the this examination may extend to all the books and accounts, to the cash on hand, and to all the acts and concerns of the Bank, except the current accounts of individuals. Sir, I am happy to learn that the stockholders of the Bank of Virginia have disavowed the act of their directors, in giving this power to the Secretary. It is a fearful power, and, . with the Treasury interpretation of current accounts, (which is not the language of the charter, but accounts generally of any private individual, ) we may see the extent of control, whicht with the aid of the deposites, this clause of the contract will give. It is an authority for universal supervision of all the operations of the Bank, including its discounts, and for granting and withholding accommodations at the pleasure of the Secretary. I humbly submit to all who feel any kindred sympathies with honorable men, whether, in the absence of the mandate of a judicial decision, in a c.