hen
those acts were made in the nature of contracts, and had been accepted
and acted on by other parties. Now I ask if this resolution does not
propose, for this House alone, to do what he, but the other day, denied
the right of the whole Legislature to do? He must either abandon the
position he then took, or he must now vote against his own resolution.
It is no difference to me, and I presume but little to any one else,
which he does.
I am by no means the special advocate of the Bank. I have long thought
that it would be well for it to report its condition to the General
Assembly, and that cases might occur, when it might be proper to make an
examination of its affairs by a committee. Accordingly, during the
last session, while a bill supplemental to the Bank charter was pending
before the House, I offered an amendment to the same, in these words:
"The said corporation shall, at the next session of the General
Assembly, and at each subsequent General Session, during the existence
of its charter, report to the same the amount of debts due from said
corporation; the amount of debts due to the same; the amount of specie
in its vaults, and an account of all lands then owned by the same, and
the amount for which such lands have been taken; and moreover, if said
corporation shall at any time neglect or refuse to submit its books,
papers, and all and everything necessary for a full and fair examination
of its affairs, to any person or persons appointed by the General
Assembly, for the purpose of making such examination, the said
corporation shall forfeit its charter."
This amendment was negatived by a vote of 34 to 15. Eleven of the 34 who
voted against it are now members of this House; and though it would
be out of order to call their names, I hope they will all recollect
themselves, and not vote for this examination to be made without
authority, inasmuch as they refused to receive the authority when it was
in their power to do so.
I have said that cases might occur, when an examination might be proper;
but I do not believe any such case has now occurred; and if it has,
I should still be opposed to making an examination without legal
authority. I am opposed to encouraging that lawless and mobocratic
spirit, whether in relation to the Bank or anything else, which is
already abroad in the land and is spreading with rapid and fearful
impetuosity, to the ultimate overthrow of every institution, of every
moral principle, i
|