Report of a Committee of Directors of the Bank of the United States (Classic Reprint)
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| Stand: | 2015-08-04 03:50:33 |
Produktbeschreibung
Excerpt from Report of a Committee of Directors of the Bank of the United States The Committee to whom was referred on the 24th of September, a paper signed "Andrew Jackson," purporting to have been read to a Cabinet on the 18th, and also another paper signed "H. D. Gilpin, John T. Sullivan, Peter Wager, and Hugh M´Elderry," bearing date August 19th, 1833 - with instructions to consider the same, and report to the Board "whether any, and what steps may be necessary on the part of the Board in consequence of the publication of said letter and report," beg leave to state - That they have carefully examined these papers, and will now proceed to report the result of their reflections in regard to them. In order, however, to render them more intelligible, it will be proper to recal to the attention of the Board, the actual relation which the Bank has for some years past borne to the Executive. Since the establishment of the Institution it has devoted itself anxiously and exclusively to the purposes of its creation, the restoration of the currency, the maintenance of the general credit, and the accommodation of the internal and foreign trade of the country. That it has not failed in these objects - that it has indeed realized more than the anticipations of the most sanguine, is attested by all parts of the community. It was in the midst of this career of inoffensive usefulness, when soon after the accession to power of the present Executive, the purpose was distinctly revealed that other duties than those to the country were required - and that it was necessary for the Bank in administering its affairs, to consult the political views of those who had now obtained the ascendancy in the Executive. It is understood that soon after that event a meeting was held in Washington of the principal chiefs, to consider the means of perpetuating their new authority, and the possession of the Bank was among the most prominent objects of the parties assembled. The first open manifestation of this purpose was in June, 1829, when a concerted effort was made by the executive officers to interfere in the election of the Board of Directors at Portsmouth. At the head of this attempt was Mr. Levi Woodbury, now a member of the present Cabinet at Washington, who did not hesitate to avow in a letter to the Secretary of the Treasury, which, though marked "confidential," was subsequently ordered to be published by the Committee of investigation in 1832 - that he wished the interference of the Government to remove the President of the Branch at Portsmouth, of whom he says: - "The new President Jeremiah Mason, is a particular friend of Mr. Webster, and his political character is doubtless well known to you " - and he requests the Secretary of the Treasury "to commumunicate with some of the Directors of the Mother Bank in favour of such a change. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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