The inquiry took place. It was conducted by a committee of fifteen members of the House of Representatives—a majority of them either my decided political enemies or inclined against me, some of them the most active and intelligent of my opponents, without a single man, who being known to be friendly to me, possessed also such knowledge and experience of public affairs as would enable him to counteract injurious intrigues. Mr. Giles of Virginia who had commenced the attack was of the committee.
The officers and books of the treasury were examined. The transactions between the several banks and the treasury were scrutinized. Even my private accounts with those institutions were laid open to the committee; and every possible facility given to the inquiry. The result was a complete demonstration that the suspicions which had been entertained were groundless.
Those which had taken the fastest hold were, that the public monies had been made subservient to loans, discounts and accommodations to myself and friends. The committee in reference to this point reported thus: "It appears from the affidavits of the Cashier and several officers of the bank of the United States and several of the directors, the Cashier, and other officers of the bank of NewYork, that the Secretary of the Treasury never has either directly or indirectly, for himself or any other person, procured any discount or credit from either of the said banks upon the basis of any public monies which at any time have been deposited therein under his direction: And the committee are satisfied, that no monies of the United States, whether before or after they have passed to the credit of the Treasurer have ever been directly or indirectly used for or applied to any purposes but those of the government, except so far as all monies deposited in a bank are concerned in the general operations thereof."
The report, which I have always understood was unanimous, contains in other respects, with considerable detail the materials of a complete exculpation. My enemies, finding no handle for their malice, abandoned the pursuit.
