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Alexandria, Virginia
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The House of Representatives unanimously appointed a committee to inspect the books of the Bank of the United States and report on its state and proceedings, supported by both friends and adversaries of the Bank, expected to provide an impartial view amid public excitement.
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We had not time yesterday, to express our satisfaction that the House of Representatives had appointed a committee to inspect the books of the Bank of the United States, and report upon its state and proceedings ; that the measure had been adopted without passion; and that, after debate and amendments, the motion had assumed a shape so unobjectionable, as to secure to it a unanimous vote—we say unanimous, because no dissenting voice was heard.
Since our last, the names of the persons to compose the committee have been announced, and we have fresh reason to congratulate our readers on the prospect of a fair, full, and unprejudiced report on a subject on which much excitement exists.
It would be a great error to suppose that this measure is the result of a disposition unfriendly to the Bank, of a suspicion of the integrity of its proceedings—much less of a disposition to prostrate or cripple the Institution. There are in Congress, no doubt, many who are hostile to the Bank from various motives, and others who condemn certain of its measures.
But the course which has been taken had the support of its friends as well as the adversaries of the Bank, and, it is certain, will be attended with results useful to the country, and, it is hoped, valuable to the Bank.
We shall see with what reason the Institution has been assailed, and the characters of its Directors impeached. We hope the defence the Directors will derive, from the opportunity of exhibiting their books and proceedings, will be in proportion to the patience and equanimity with which they have borne the attempts which have been made to turn the tide of popular feeling against the Bank of the United States, as the source of the present derangement of the pre-existing currency.
This measure having been adopted by the House of Representatives, as well for public information as for their own, we shall not be left hereafter to conjecture, or to mere assertion, for facts connected with the subject. We shall wait with patience for the report of the committee, with full confidence of its presenting us an impartial and enlightened view of the subject of its investigation.
[National Intelligencer.
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Domestic News Details
Primary Location
Washington
Event Date
December 2
Event Details
The House of Representatives appointed a committee to inspect the books of the Bank of the United States and report on its state and proceedings. The measure was adopted without passion, after debate and amendments, securing a unanimous vote with no dissenting voice. The names of the committee members have been announced, promising a fair, full, and unprejudiced report amid much excitement. The action was supported by both friends and adversaries of the Bank, not stemming from hostility but expected to yield useful results for the country and the Bank itself. It aims to clarify assaults on the Institution and impeachments of its Directors' characters, providing an opportunity for defense through exhibition of books and proceedings. The report is anticipated to offer an impartial and enlightened view, replacing conjecture with facts.