Imagens das páginas
PDF
ePub

SENATE.)

General Ripley.

(JUNE 3, 1836.

ticular case, from the very nature of the wound, al- gress. They were to make such an enactment in relathough General Ripley continued to discharge the du- tion to this matter as they might think just and proper. ties of his situation, he was not only exposed to great | They have done it; and the whole matter is now partibodily suffering, but he was also subjected to great cularly regulated by acts of Congress. This class of additional expense in the performance of his public du- pensioners ought to have their pensions commence when ties, by rendering the assistance of others necessary to they shall bring themselves within the provisions of the do those offices about his person which, before the in existing acts. These pensions may be regarded now in jury, he could perform for himself. It was a disability the nature of a debt, which the Government must be which commenced in 1814, but it increased with the in presumed to be able and willing to pay whenever the crease of his years. The effects of a premature old age, creditor shall make out his claim. But the act of Januby reason of his severe sufferings, are now manifest to ary 11, 1812, declares what shall be done upon the hap. every observer. He is no longer that active, athletic, pening of particular events. It says to the officer, Join and vigorous man which he once was. He has become the service of your country; and, should you be wounddecrepit, disabled, disfigured. He is no longer full of ed in battle, you shall he compensated according to the health and of life; he is enfeebled, worn down; and how disability incurred. bas all this happened? The effect will find its cause in Entirely different, then, is the case of an invalid penthe disability which was incurred on the battle-field in sioner; his claim arises under previous acts of Congress, September, 1814. It was the wound he then received, and should commence with the commencement of the the suffering he then endured, the exposure to which disability, for the best of all reasons it was for that very he was unavoidably subjected, while in the way of disability which the legislation of the Government was his duty, that has brought all this upon him; and shall it intended to provide. The grant, then, should go back now be said that he was not then disabled, because for to the origin of the disability, and should continue while many years he continued to perform the accustomed du- the disability continues. This, I contend, should be the ties of his station? No, sir. It was wise and politic in policy and the practice of the Government; any thing the Government to retain General Ripley in the service; short of this would work the most manifest wrong and his presence, his example, his precepts, nerved the arm injustice. If there is any title under the acts of Conof the soldier, and gave energy and confidence in the gress to an invalid pension, it results from the faćt of hour of battle.

having been disabled while in the actual military service General Ripley was, Mr. President, seriously disabled of the country. And would it not be absurd to contend by the wound he then received, and his pension ought that the commencement of such a pension should be not to have been withheld on the ground that he con- controlled by extraneous circumstances? It seems to me tinued in the employment of bis country; and, as it was that any such practical construction would be wrong in not then extended to him, it becomes our duty at this principle, and in violation of the spirit, if not of the exlate day to do him justice, by carrying back his pension press letter, of the act of January, 1812. to the commencement of his disability,

It was under this act “10 raise an additional military " When is the disabled officer to receive his pension, force, that General Ripley entered the army of the Uniwhich the law so emphatically awards to him, if he does ted States. Those who knew him in early life felt a not receive it while in service? After he bas resigned pride that so pure a patriot, and so gallant an officer, his commission and become a private citizen? Cer-had joined the standard of his country in that day of her tainly not; because it must be borne in mind that, by danger, when the most unballowed sentiments were the act of congress just cited, pensions are contingent avowed, both as to the existing causes, and as to the and graduated, and that the highest rate of pension for probable effects of a war with England. It was when the greatest disability cannot exceed half the monthly dismay had almost chilled the ardor, and broken down pay to which the disabled person was entitled at the date the force of popular feeling, that Ripley came forward of his injury."

and united his fate with the fate of his native country, The pension of General Ripley should, and it must, And from the commencement of his public service to if the Government would be consistent with itself, com- the time when he resigned his commission, a period of mence on the day when the wound was received--at the eight years, it is a fact worthy of all praise that he was time when the disability was incurred. And I am, and never absent from the scene of his duty. A ever have been, unable to understand why the com temporary relief from the severe hardships of the camp, mencement of an invalid pension should be controlled was a favor which he never sought, and which he never by the circumstance of application and proof. When received. I know this man well. We were natives of ever the physical disability takes place, then should the the same State, and educated at the same institution. justice of Government be extended.

His early and unchanging principles, his babits of indus"The act of January, 1812, was a compact, and caces try, bis known character, his high and honorable feel. occurring under it were to be viewed as a compact, ings, gave the promise of his becoming a bold, a daring, and they have no more right to cut off the pension than a brave, and a humane officer; a pledge which has been they would the pay or the lands which they had stipu most faithfully redeemed. He was first appointed a lated to give."

lieutenant colonel of the 21st regiment; a regiment With reference to pensions for individual services in which was enlisted by bis untiring efforts; a regiment the war of the Revolution, they were specially created which was second to no other attached to the American by the act of March, 1818, and by the subsequent acts army for the bravery of its officers and men during the of Congress. The Government had not been able to period of the war. Its commander was rarely absent perform the contract, in letter or in spirit, with the sol- from the field of battle. He was by the side of Pike diers of the Revolution, and these annuities were grant. when that gallant officer fell at York. He led the aded to the surviving officers and soldiers of that day to vance, consisting of his own regiment,' at Chrystlermake up for the deficiency. All this is the regulation by fields, and repeatedly drove the enemy back with the law. It was competent for Congress, in relation to this bayonet. He was, without solicitation on his part, for matter, to fix the amount as well as the commencement this particular act of daring courage, advanced to the of the annuity. It was a legislative provision to reward office of a brigadier general. He was present at the for service rendered more than half a century before capture of Fort Erie, at the battle of Chippewa, and at the adoption of the provision. That was a matter ad- Bridgewater, where his brigade stormed the heights; dressing itself to the high sense of the justice of Con- and with Miller, another son of the granite State, at the JUNE 3, 1836.7

General Ripley.

(SENATE.

[merged small][merged small][ocr errors][merged small][ocr errors][ocr errors][ocr errors][ocr errors][merged small][merged small][merged small][merged small]

head of the 21st, carried the enemy's artillery. Ata was unjustly withheld for the reason stated. Well, subsequent time, in September, 1814, at the battle at then, might he complain of this act of injustice on the the sortie from Fort Erie, General Ripley was severely part of his Government; but he was silent and submis. and dangerously wounded by a musket ball passing sive. In relation to this point, we are not without legisthrough his neck, while making a charge upon the relative authority. In July, 1832, Congress passed an act, enforcement of the enemy; and thus terminating a siege "authorizing the Secretary of War, upon the applicaof fifty-three days of constant cannonading, when every tion of J. 0. Preston, à colonel in the late war, and day was a battle. The enemy immediately after raised upon his making proof of his right to be placed upon the siege, and retired to Chippewa. But General Rip. the invalid pension roll as an officer of the late war, to alley remained in military service, not only to the close of low the said Preston the amount which would have been the late war, but to the period of 1820, when he surrender- due him had he made his application at the time he reed his commission of brevet major general. Congress, on ceived his wound." There never could be a case more the 3d of November, 1814, passed a resolution “that | directly in point than the one above cited. The individthe President of the United States be requested to cause ual was a most meritorious officer during the last war; a golden medal to be struck, with suitable emblems so was General Ripley. Colonel Preston had not forand devices, and presented to Brigadier General Ripley, mally, in so many figures and words, made application to in testimony of the high sense entertained by Congress the proper department for a pension, nor bad Geneof his gallantry and good conduct in the several conflicts ral Ripley. In all respects the two cases are alike, and of Chippewa, Niagara, and Erie.”

should receive like treatment at the hands of the GoyI have, Mr. President, thus very briefly adverted to ernment. the gallant services of General Ripley during the last war. But another case wbich I will bring to the notice of I have adverted to the resolution above cited, to show the Senate, goes clearly to show that the position that the sense which Congress entertained of those services. an officer, while in public service, is not entitled to an This resolution spoke but the common, the general sen invalid pension, is wholly untenable. The act for the timent of the whole country. No officer was more relief of Thomas Ap C. Jones, grants him arrears of strongly supported by the power of popular feeling for pension to which he was entitled on account of a perhis courage and conduct, during the war, than General manent disability, occasioned by a wound received by Ripley. He was known to be a brave and a fearless him in battle with the enemy during the last war with man. He was known to be ardently attached to the free Great Britain, commencing at the time he received the institutions of his country. He was believed, while in wound. This act was passed in May, 1834. Captain Jones public service, to be free from public reproach. The had long been, and was then, and still is, in the service of war closed, the scene was changed; and the published the United States, and in the receipt of full pay for that history of the times exhibited General Ripley as a pub- | service. This case, then, establishes, and rightfully lic defaulter--a debtor to the Government. It was a establishes, the principle, that the invalid pension should record which could not fail to produce among his early commence with the commencement of the disability, and friends the deepest humiliation and chagrin. They were should be commensurate with the degree of disability. slow to believe that he could have knowingly convert Upon principle, tben, as well as in accordance with existed to his own use that which rightfully belonged to his ing precedents, should General Ripley's pension, as an Government; but such was the declared fact; and bis invalid, go back to the time when he was wounded. hard and well-earned fame was stained with the false I have before stated that General Ripley left the army and ignominious brand of being a public defaulter. in 1820, and I have also stated the cause which preventGeneral Ripley, from the beginning, most resolutely ed his being placed upon the pension list. But the time protested against the truth of this charge. His language had come when he was to be relieved from the cares, was, invariably, that the Government was indebted to and no longer to be entitled to the profits of office. bim; and whenever he should be able to obtain a fair But with that event comes “the unkindest cut of all." examination and an honest adjustment of his accounts, He stands recorded, and is held out to the world, as a it would be found that he owed not a dollar to the Gov- defaulter, as a debtor to the Government. A large ernment, but that the United States owerl to him thou- balance was struck against him at the Treasury office, sands. We hoped it might be so--that such would turn and from this consideration he was prevented from then out to be the facts of the case; and I need not say that being placed on the list of invalids, and drawing his the result of the recent trials of the suits commenced by pension. On referring to the appropriation bills from the United States against General Ripley, has proved 1821 to 1826, it will be found that in the acts of Conthe truth of his declarations.

gress making appropriations for the military service, The bill, then, Mr. President, which I propose to which includes appropriations for every class of pensionoffer, ought to be passed promptly; it is but an act ofers, it is in effect provided that no money shall be paid justice to General Ripley. I have said, sir, that no man to any person who is in arrears to the United States, has suffered more wrong, severer treatment, at the until such person shall have accounted for, and paid into hands of his Government than General Ripley: I repeat the Treasury, all sums for which he may be liable. it, and will attempt to make good my allegation. He Such was the law, and such was the practice, at the was entitled to a pension under the act of 1812, for a different Departments. And in January, 1828, Congress disability incurred while in military service in Septem- passed a general act to prevent defalcations on the part ber, 1814. Did he receive it? Was he placed upon of the disbursing agents of the Government; and that the list of invalids, in accordance with the provisions of act contained the precise provisions which had been for that act? No, sir. It was withbeld, without right, upon many years incorporated into the public appropriation the ground that he was continued in the service and was in the receipt of full pay as an officer. The reason is No disbursing military officer ought to be discharged altogether unsatisfactory. The only question is, not how from the public service until his accounts were fully much money he may, by some good fortune, be able settled. This is a sound and safe principle; but in a annually to earn, but what was the degree of physical total disregard of this principle, the resignation of disability created by the wound: and the pension should General Ripley was accepted; and no sooner was it done, have been awarded immediately according to that de- when one account was stated at the Treasury Departgree of disability, in pursuance of the act of 1812. But ment, whereby it appeared " that the sum of thirteen this was not done; and the pension of General Ripley | thousand one hundred and sixty-three dollars and ten

Voz, XII.-106

SENATE.)

General Ripley.

(JUNE 3, 1836.

cents, as due by Eleazer W. Ripley, late major general to which I refer as worthy of particular notice, and in the army of the United States, was found against him which occurred during the trial, and is now matter of on settlement of his accounts;" and in less than one record. So entirely conscious were the jury that Gene. month thereafter, another account was stated at the ral Ripley ought to have been allowed his pension from

Treasury Department whereby it appeared that a further the commencement of his disability, that “the foreman sum of four thousand one hundred and fifty-four dollars of the jury, after handing the verdict to the court, stated and ninety-five cents was found against him, making in that it was the unanimous wish of the jury to allow the all the sum of $17,318 05 as the balance due from claim for arrearages of pension, and requested informaGeneral Ripley to the United States. These balances, tion whether it would be legal to allow it." The court thus struck, one in April, the other in May, 1821, at charged them that they could not, and their verdict was the Treasury Department, presented an insurmountable made up accordingly. obstacle to his obtaining bis long neglected but justly But with the termination of this trial did not terminate merited claim for an invalid pension. There cannot be the sufferings of General Ripley, growing out of this well conceived an act of more flagrant injustice, of prosecution, if it may not well be called persecution, of grosser wrong, than to strike these balances against his Government. A writ of error was sued out, and the General Ripley, after he had voluntarily resigned his case brought before the Supreme Court of the United commission, and then bring up those very balances in States. General Ripley could not and did not follow judgment against him, whenever be pressed his claim this case to Washington; he had nothing to fear from for a pension. It is highly creditable to the Committee that quarter; nor had he any apprehensions that any jury on Pensions of the Senate, that they have done away of his country could ever be empannelled by any court this practice, by bringing forward at this very session a of trial, to pass between him and his Government, which bill, and which has now become the law of the land would return a verdict against him. He had entire con.

"That the act entitled an .An act to prevent defalca. fidence in the justice of his case, and he reposed with tions on the part of the disbursing agents of the Govern perfect security in that justice. The cause came before ment, and for other purposes,' approved the twenty- the Supreme Court, and after having been argued by fifth of January, eighteen hundred and twenty-eight, Mr. Taney, the late attorney general for the United shall not be construed to authorize the pension of any | States, (no counsel appearing for the defendant,) was pensioner of the United States to be withheld.”

finally disposed of at the January term, 1833. In the It is not my purpose, standing here as the friend of trial below, General Ripley made claim--first, for certain General Ripley, to allude to the embarrassments and extra disbursements made by him; and, second, for cerdifficulties which attended every movement he made tain extra services performed by him. The Supreme with a view to the adjustment of these accounts at the Court decided, “ that if the disbursements made for Treasury Department. I may, however, be permitted which compensation is claimed were not such as were to say that no man feels more deeply the positive wrongs ordinarily attached to the duties of the office held by the which have been inflicted upon him, the gross neglects defendant, the fact should have been so stated, and also which have been practised toward him by the Govern- that the service was performed under the sanction of the ment of his country, than General Ripley. It cannot be Government, or under such circumstances as rendered otherwise. In November, 1814, Congress passed a the extra labor and responsibility assumed by the de. highly complimentary resolution in favor of this dis- | fendant in performing it, necessary. Should the actinguished officer; but until it was brought to the notice counting officer of the Treasury Department refuse to of the Senate, by the chairman of the Committee on allow an officer the established compensation which be. Finance, at this very session, that resolution had been longs to his station, the claim, having been rejected, permitted to remain unnoticed and unobserved in the should unquestionably be allowed by way of setoff to a archives of the Government. But whatever may bave demand of the Government, by a court and jury. “And been the feelings of General Ripley, they were the it is equally clear that an equitable allowance should be secret working of his own heart. The language of made in the same manner for extra services performed complaint against the justice of his country, for which by an officer, which did not come within the line of his he so long served, and so freely bled, has never escaped official duty, and which had been performed under the his lips.

sanction of the Government, or under circumstances of But in relation to those pretended Treasury balances, peculiar emergency. In such a case, the compensation the United States, in September, 1822, commenced two should be graduated by the amount paid for like services suits against General Ripley in the district court of | under similar circumstances. Usage may safely be relied Louisiana, to enforce their collection. After the suits on in such cases, as fixing a just compensation." were consolidated, they were continued from term to «The allowances claimed under the second head for term, until May, 1830, when the trial took place. The services which did not come within the range of his offiverdict of the jury was returned for the defendant. | cial duties, should have been performed with the sancThey allowed to General Ripley, for his account and tion of the Government, or unde: circumstances above for his extra service,

- $15,060 22

stated." They deduct therefrom the balance due

"The court, in conclusion, remarked that the distinthe United States, . .

-
.
11,929 32 guished services rendered by the defendant during the

late war, are advantageously known to the country; but Leaving due to General Ripley, $3,130 90 the claims set up in the case under consideration, must

be brought within the established rules on the subject, Whereupon the court ordered that the United States before they can receive judicial sanction; and as, in the take nothing by these petitions. To the proccedings opinion of this court, the district court erred, as their on trial in this case, and to the ruling of the judge, a instructions to the jury were given without qualification, bill of exceptions was filled by the attorney of ihe Goy. the judgment must be reversed, and the cause remandernment, and allowed by the court; and the defendant, led, for proceeding de novo. This interesting case is rein like manner, filed a bill of exceptions to a certain ported in detail in the seventh volume of Peters's Reports. ruling of the court, which went to the exclusion from The abstract made of the proceedings and decisions the consideration of the jury of so much of General of the Supreme Court, satisfactorily establishes the posiRipley's claim, in offset, as he made for arrearages of tions taken by the defendant on the trial; and the only pension since 1814. There was one extraordinary fact, I error committed by the judge below was, in giving un. JUNE 3, 1836.] SENATE.]

District Banks.

(SENATE.

qualified instructions to the jury upon the points assumed in the commencement of these suits against General That the defendant was entitled to recover for disburse Ripley inflicted a deep wound upon bis moral character, ments made by him, not such as were ordinarily attached and committed a positive injury upon his credit and to the duties of his office, as well as for extraordinary standing as a man and as a citizen. Upon the ground of services, admitted of no doubt; and notwithstanding the this alleged indebtedness and defalcation, under a cover clear exposition of the principles made by the Supreme of a balance thus falsely arrayed against him upon the Court, which were to govern the district court in the | books of the Treasury, the pension to which he was trial of this cause, and notwithstanding those principles honorably and honestly entitled from the Government, were most favorable to the rights of General Ripley, yet has been kept from him, and not a dollar has he realized this same canse was a second time pressed on for trial from either the justice or bounty of his country. by the United States, and the defendant was driven to Mr. President, I have now said all that I have to say; - the necessity of again preparing for trial, and of submit. and, in conclusion, will only add that the Government ting to all the costs and charges which were thereby im ought not to take advantage of its own wrong. Such a posed upon him. All this was done. In 1833 the cause proceeding would not be tolerated by the most ordinary was remanded for a new trial in the district court of judicial tribunal in our land, with reference to the comLouisiana, and in two years after, in May, 1835-making mon dealings between man and man. The claim set up thirteen years since the commencement of this prosecu- by the Government against General Ripley, had no tion--the cause was tried anew by another jury of his foundation in truth or in justice. So say your own country, and upon the principles laid down by the Su.courts; and shall the Government take shelter under preme Court for the governnient of the case. Mark that false balance as stated, and deny to General Ripley again the result-it is detailed in an official letter from that which would have been most readily granted to the Solicitor of the Treasury to the Second Auditor, him in 1820, had it not been for this very fictitious which I will read:

balance? I cannot, I will not believe it. General Rip“OFFICE OF THE SOLICITOR OF THE TREASURY, ?

ley must inevitably suffer from this long neglect of his

Government, for having for so long a period withheld November 25, 1835.

| from him his just right. Vad he even received in 1820 “SIR: From official returns received at this office, in the pension to which he was entitled, he would have relation to the trial of the two suits directed to be insti. I had less cause of complaint; but, in addition to all the tuted against General E. W. Ripley, late of the United

other wrongs which he has been obliged to suffer, I States army, one as late Brevet Major General, exhibit-hope it may not be his fortune to experience further ining a balance of $9,449 70, standing against him on the justice at the hands of his Government. I hope he will books of the Second Auditor of the Treasury, the other not be obliged to admit that his Government made up a as late Brigadier General, exhibiting a balance of false balance against him, and, by reason of that pre$2,479 62, standing against him on the books of the tended balance, withheld from him his pension; and Third Auditor of the Treasury, it appears that, at the when he had wiped away that balance, and satisfied his late trial of these suits, they were ordered to be con-Government, that there was not at any period since he solidated, and at May term, 1830, of the United States left the army, any just balance whatever against him, district court, for the eastern district of Louisiana, a any indebtedness on his part, that his Government would verdict was rendered in favor of the defendant.

not now extend to him rights which would not have "On the 15th October, 1830, the district attorney at / been withheld, if this balance had not thus been stated. New Orleans was instructed to take out a writ of error, Mr. President, the bill which I have prepared is inthat the principle involved in the case might be settled tended to give authority to one of the highest officers of in the Supreme Court of the United States.

the Government, to examine and scrutinize these claims, “At January term, 1833, the judgment of the district and to audit and settle the whole account. General court was reversed, and the case remanded to the said Ripley asks no exercise of generosity towards bimself, district court by the Supreme Court of the United by the Government. He only asks justice, and that States, with directions to award a venire facias de novo. without further delay. He has but few years to survive

"In the clerk's report of the district court for May the wrongs to which he has been exposed in this matter, term, 1835, he states that a verdict was rendered in favor as all who know him as I know him, can plainly foresee. of the defendant. In conformity with it, it was ordered But he asks to have the last essential correction applied by the court, that it be certified that the plaintiff's (the to these wrongs, while he is yet alive. Sure I am, what United States) are indebted to the defendant, E. w. he asks, or rather what is asked by me in his behalf, Ripley, in the sum of $20,596 12. The account, there. unsolicited by and unknown to bimself, will not be deemfore, against him should be closed.

ed unreasonable by any member of this body, who is in I am, very respectfully, sir,

the possession of the facts. Mr. President, I ask leave Your most obedient servant;

to present the bill; I wish it read, and I hope that there V. MAXCY, will be no objection to its second reading at this time,

Solicitor of the Treasury. nor to its engrossment for a third reading. If objection “ To WILLIAM B. LEWIS, Esq.,

be made, I shall not oppose, but should ask for its ref. Second Auditor."

erence to the Committee on Pensions.

When Mr. HUBBARD had concluded, after some re'Thus, at a second trial, under all the delays and dis. marks from Messrs. PRESTON, TOMLINSON, and advantages I have detailed, the verdict of his peers is, | HUBBARD, that instead of General Ripley being a debtor to the

The bill was read twice, and referred to the CommitGovernment, lie is its creditor upon the claims exhibited tee on Pensions. to them, and beyond all the claims of the Government, in the sum of $20,596 12.

DISTRICT BANKS. Such, Mr. President, is the origin, the progress, and The Senate took up for consideration, as the special the termination of these two suits commenced against order, the bill to extend the charters of certain banks in General Ripley, with how much credit or honor to the the District of Columbia. country I, for one, leave others to say; but I will not Mr. BENTON made some remarks in opposition to besitate to declare that they originated in error, and the bill, contending that the report of the committee rehave been carried forward in error that the Government commending the recharter of the banks was not sustained

[ocr errors]

District Banks.

(JUNE 3, 1836.

by the evidence. With regard to two of these banks measures to protect the respective institutions against that had stopped payment, the Patriotic Bank of Wash. the present pressure of the times; that they had reaington and the Farmers and Mechanics' Bank of George-son to believe that those banks would meet, but they town, he insisted that they did not make proper exer- did not, and, therefore, there is no alternative left but tions to avoid a suspension of specie payments; and that to act for ourselves. Wherefore, their stoppage, so far from being necessary, had every Resolved, At a special meeting of the president and appearance of having been voluntary. In commenting directors of the Patriotic Bank, beld this day, for the on the various tables and statements furnished by the purpose of taking into consideration the alarming state committee, he contended that the stoppage of the Far- of the commercial affairs of the District, it was unanimers and Mechanics' Bank for the insignificant sum of mously $6,000, was of itself enough to render them unworthy Resolved, That, in the opinion of the board, the in. of a recharter. Their stoppage was either compulsory, terest of the bank and its creditors requires that the pay. or it was voluntary. If the latter, it showed an unpar ment of specie for its obligations ought to be for the predonable want of fidelity to their obligations to the pub sent suspended. lic; and if, on the other hand, they were unable to avoid Resolved, That, in the opinion of the board, the report stopping for the insignificant sum of $6,000, it showed made by the committee of investigation in January last, that their resources were too contemptible to render showing that the bank had not only the ability to pay its them worthy of credit.

obligations, but to pay the stockholders upwards of 110 Mr. B., in the course of his remarks, read and com per cent., was a true and correct statement of the affairs mented on the following documents:

of the bank, and that nothing has occurred thus far to HARPER's FERRY, May 16, 1836.

render the securities of the bank less safe than at that

period. DEAR Sın: Your letter of the 12th instant, I received this morning. Early in April, 1834, we expected to

Resolved, That the creditors of the bank be requested pay off the roll for the month of March. Accordingly,

not to sacrifice their claims, as the board feel authorized on the 7th of April, I wrote to Colonel J. J. Stull,

to assure them their claims will all be paid. cashier of the Farmers and Mechanics' Bank, of George.

In making known this determination, the board need town, (the bank through which we were then directed

bardly say, that nothing but the extraordinary juncture to transact our business, to send me, as soon as conve

of affairs could have brought them to the painful necesnient, ten thousand dollars.

They earnestly invite all Tbe Friday following I

sity of this recommendation. expected to have commenced paying, but the money

persons to call and satisfy themselves of the condition of was not sent on until the 10th, and not received by me

the bank, and the exertions of the board to sustain the until the Saturday following; consequently, it arrived

institution, and that so far as discretion and prudence too late to pay that week. On Sunday following I re

would authorize, they have personally gone. ceived the news of the failure of the bank; and on Mon

W. A. BRADLEY, President.

JOHN COYLE, day or Tuesday (I am not certain which) I set off for the District. When I reached Georgetown, I had with me

THOMAS BLAGDEN, thirteen thousand five hundred and sixty-five dollars of

J. W. HAND,

M. ST. C. CLARKE, the Farmers and Mechanics' Bank paper. I called on

NATHAN SMITH. the officers of the bank, and was told by them that the

THOMAS HUGHES, amount of their paper I had on hand should be exchang

EDWARD INGLE, ed for current funds, but it could not be done immedi

PAINEAS BRADLEY. ately. I deposited their paper, as they requested, in the Bank of the Metropolis, in Washington city, and some

P. THOMPSON. time after I received the same amount from the cashier of

On motion, it was that bank, in notes of the Bank of the Metropolis. This

Resolved, That, in fulfilment of pledges already given, is a brief, but correct statement of the facts you require.

the cash funds of the bank be placed in charge of the I enclose you a copy of the letter I received with the

president and cashier for the purpose of paying off the ten thousand dollars.

balances due to the general depositors; that the re.

mainder be returned to the Bank of the Metropolis in April 13, 1834.

liquidation of the loan made to the bank on the 11th in

stant, and the balance secured by the transfer of disThe board met, in pursuance of a call from the Presi-counted notes. dent, at his dwelling.

Present: The President, Messrs. Hughes, Bradley, Copies of letters from Richard Smith, Cashier of ihe Ingle, Clarke, and Thompson.

Branch Bank of the United States, at Washington city, The President and Mr. Clarke were appointed a com to W. A. Bradley, Esq., President of the Patriotic mittee to meet committees of the other specie paying Bank of Washington. banks in the District, to-morrow at 12 o'clock, to decide

APRIL 2, 1834. upon such course as may be necessary in the present MY DEAR Sın: In consequence of demands for assist deranged state of the commercial affairs of the country.

| ance froin others, and the small amount of money at our Adjourned to meet at 4 o'clock P. M. to-morrow.

disposal, the board could not grant you more than

$10,000, which sum you can have if it will benefit you. Monday, April 14, 1834.

It may be, that in the coming week we shall be able to The board met pursuant to adjournment.

do more; but of this I am not certain, and would not, Present: The President, Messrs. Smith, Coyle, Blag. therefore, flatter you. den, Hand, Hughes, Ingle, P. Bradley, Clarke, Thomp

Very truly yours, son.

RICHARD SMITH, Cashier. The President and Mr. Clarke reported to the board W. A. BRADLEY, Esq., that, as a committee appointed for that purpose yesterday,

President Patriotic Bank. they had sought and requested an interview with the Far. mers' Bank of Alexandria, the Bank of Potomac, the

APRIL 4, 1834. Union Bank of Georgetown, and Bank of the Metropo- DEAR SIR: I wish, if you take the discount of $10,000, lis, at 12 o'clock this day, for the purpose of taking that you would send in the note to-morrow morning, as

« AnteriorContinuar »