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United States Bank; May 22, 1834 Report[s, and Documents


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: ...of the House of Representatives. It was avowedly intended only to rnake up, in another form, the issue which, it was supposed would be created between the Bank and the Committee of Investigation, by the failure of the committee to obtain the books thus required of the President and Cashier. It was known to the Committee of the House that the directors, by an authentic act, of which a copy liad been communicated, had placed the books at the disposal of the Com a committee of visitation may be clothed with the functions of a committee of general inquiry, and having got the books into their hands for onepurpose authorized by the law, may use them for another purpose not authorized by law? It is plain that if this could be done, the limitation of the right of inspection would be illusory and worthless. In order to ren-der the limitation efficient, the Committee of the Directors required of theCommittee of Investigation to specify the objects for which they demanded! the books. For some objects the demand of the books was according to law; for other objects, not being bound by law to yield them, the directors were at liberty to withhold them, or to submit them, according to their discretion. They, therefore, needed a specification, to enable them to discharge their duty under the charter, as well as to protect them in their rights; to enable them to distinguish, in the requisitions of the Committee of Investigation, how much was authoritative, under the statute commanding obedience; and how much, not being authoritative, they were at liberty to concede or to withhold. call was made on the Committee of the Board, in pursuance of the following resolution: ..: . May 7, 1834. Resolved, That the committee will proceed to examine into the truth of the statement made by . Hide synopsis

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