Memoirs Of Aaron Burr, Volume 1, Matthew L. Davis [book club suggestions .txt] 📗
- Author: Matthew L. Davis
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In April, 1798, Colonel Burr Was Elected A Member Of Assembly For The
City And County Of New-York By The Democratic Party. This Year Was
Marked With More Political Virulence Than Any Other Year Since The
Independence Of The Country. It Was During The Year 1798 That The
Alien And Sedition Laws Were Passed. In The Autumn Of 1798, Matthew
Lyon, Then A Representative In Congress From Vermont, Was Endicted For
Harbouring An Intention "To Stir Up Sedition, And To Bring The
President And Government Of The United States Into Contempt," &C. He
Was Convicted, And The Sentence Was--"Matthew Lyon, It Is The Pleasure
Of This Court That You Be Imprisoned Four Months, Pay Costs, And A
Fine Of One Thousand Dollars, And Stand Committed Until The Judgment
Be Complied With." This Year The Celebrated Mission To France,
Consisting Of Messrs. Marshall, Pinckney, And Gerry, Excited The
Attention Not Only Of The American People, But Of The Civilized World.
In Short, This Year The Foundation Was Laid For The Overthrow Of
Federal Power In The United States.
In No Section Of The Country Was There More Political Excitement Than
In New-York. Parties Were Nearly Balanced. There Were Only Two Banks
In The City; The Bank Of New-York, And The Branch Of The United States
Bank. They Were Charged With Being Influenced In Their Discounts By
Political Considerations. At All Events, They Were Under The
Management And Control Of Federalists; And To Counteract Their Alleged
Influence, Colonel Burr Was Anxious For The Establishment Of A
Democratic Institution. With This View He Proposed To Obtain A Charter
For Supplying The City With Water; And As It Was Certain That If
Confined To That Particular Object The Stock Would Not Be Subscribed,
He Caused The Application To Be Made For Two Millions Of Dollars, And
Inserted A Clause In That Charter, That The "Surplus Capital Might Be
Employed In Any Way Not Inconsistent With The Laws And Constitution Of
The United States Or Of The State Of New-York." It Is Under This
Clause That The Manhattan Company Use And Exercise All The Privileges
Of A Bank. The Directors Were Named In The Charter, And A Majority Of
Them Were Of The Democratic Party.
It Has Been Said That The Charter Was Obtained By Trick And
Management; And That, If Suspicion Bad Been Entertained By Any Of The
Federal Members, Colonel Burr Could Not Have Got The Bill Through The
Legislature. It Is Due To Him, So Far As It Can Be Justly Done, To
Rescue His Memory From The Imputation Of Having _Misrepresented_ Or
_Misstated_ To Any Member The Object He Had In View. The Facts In
Reference To The Passage Of The Charter Of The Manhattan Company
Through The Senate Will Now Be Given. The Statement Is Upon Authority
That Cannot Be Contradicted.
When The Bill Had Passed The Assembly And Was Sent To The Senate,
Colonel Burr, During The Hours Of Business, Went Into The Senate
Chamber, And Requested A Federal Senator (Now Living) From The Western
District To Move A Reference Of That Bill To A Select Committee, To
Report Complete, Which Would Supersede The Necessity Of Its Going To A
Committee Of The Whole.
Chapter XVIII Pg 405The Senator Replied, That Though He Had No
Objection To Make The Experiment, Yet That He Was Persuaded The Motion
Would Not Prevail, Because The Senate, Not Having A Press Of Business
Before Them, Uniformly Refused Thus Committing Bills To Select
Committees Instead Of A Committee Of The Whole. Colonel Burr Then
Suggested, That Perhaps If The Mover Would Intimate, While On The
Floor, That The Honourable Samuel Jones Was Contemplated As Chairman
Of That Committee, The Confidence Which The Senate Was Known To Repose
In Him, And In His Uniform Attention To Every Thing Relating To The
City Of New-York, Would Perhaps Induce The Senate On This Occasion To
Depart From Its Accustomed Mode Of Proceeding. Accordingly The Motion
Was Made, And Passed Without Opposition.
The Committee Named By The Honourable Stephen Van Rensselaer, Then
Lieutenant-Governor, Were Samuel Jones, Ambrose Spencer, And Thomas
Morris. It Was Suggested To One Of These Gentlemen That The Part Of
The Bill Authorizing The Employment Of The Surplus Capital Had Better
Be Stricken Out Of It; In Consequence Of Which That Gentleman Applied
To Colonel Burr For An Explanation On This Point. Mr. Burr Promptly
And Frankly Informed The Honourable Member, That It Not Only Did
Authorize, But That It Was In Tended The Directors Should Use The
Surplus Capital In Any Way They Thought Expedient And Proper. That
They Might Have A Bank, An East India Company, Or Any Thing Else That
They Deemed Profitable. That The Mere Supplying The City With Water
Would Not, Of Itself, Remunerate The Stockholders. Colonel Burr Added,
That The Senator Was At Liberty To Communicate This Explanation To
Other Members, And That Be Had No Secrecy On The Subject. The Bill Was
Subsequently Reported By Mr. Jones And Passed.
This View Of The Proceedings Of The Legislature Is Sustained By What
Occurred In The Council Of Revision, From The Minutes Of Which An
Extract Has Been Made.
"_At A Meeting Of The Council Of Revision, Held At The City Hall Of
The City Of Albany, On Monday, The 1St Of April, 1799._
"Present--His Excellency The Governor, The Honourable The Chancellor,
The Chief Justice, And Judge Benson.
"Mr. Reynolds And Mr. Robbins, From The Honourable The Assembly,
Delivered To The Council The Bill Entitled _An Act For The Relief Of
John Lansing_, The Bill Entitled _An Act For Supplying The City Of
New-York With Pure And Wholesome Water_, And The Bill Entitled _An Act
To Amend The Statute Of Limitation_, And The Bill Entitled _An Act
Making Provision To Keep In Repair The Bridge Over Schoharie Creek, At
Fort Hunter, In The County Of Montgomery_.
Chapter XVIII Pg 406"The Council Proceeded To Take The Said Bills Into Consideration, And
Thereupon
"_Resolved_, That The Bill Entitled _An Act For Supplying The City Of
New-York With Pure And Wholesome Water_ Be Committed To The Honourable
The Chief Justice; That The Bill Entitled _An Act To Amend The Statute
Of Limitation_ Be Committed To The Honourable The Chancellor."
"_At A Meeting Of The Council Of Revision, Held At The City Hall Of
The City Of Albany, On Tuesday, The 2D Of April, 1799._
"Present--His Excellency The Governor, The Honourable The Chancellor,
The Chief Justice, And Judge Benson.
"The Honourable The Chief Justice, To Whom Was Committed The Bill
Entitled _An Act For Supplying The City Of New-York With Pure And
Wholesome Water_, Reported The Following Objections, To Wit:
"_Because_ The Bill Creates A Corporation, With A Capital Of Two
Millions Of Dollars, Vested With The Unusual Power To Divert Its
Surplus Capital To The Purchase Of Public Or Other Stock, _Or Any
Other Moneyed Transactions Or Operations Not Inconsistent With The
Constitution And Laws Of This State Or Of The United States_, And
Which Surplus May Be Applied To The Purposes Of Trade, Or Any Other
Purpose Which The Very Comprehensive Terms In Which The Clause Is
Conceived May Warrant; This, In The Opinion Of The Council As A Novel
Experiment, The Result Whereof As To Its Influence On The Community
Must Be Merely Speculative And Uncertain, Peculiarly Requires The
Application Of The Policy Which Has Heretofore Uniformly Obtained,
That The Powers Of Corporations Relative To Their Money Operations
Should Be Of Limited Instead Of Perpetual Duration."
"The Council Proceeded To Take The Preceding Objections Into
Consideration, Which Were Overruled; It Was Thereupon
"_Resolved_, That It Does Not Appear Improper To The Council That The
Said Bill, Entitled _An Act For Supplying The City Of New-York With
Pure And Wholesome Water_, Should Become A Law Of This State.
"_Ordered_, That The Honourable The Chancellor Deliver A Copy Of The
Preceding Resolution, Signed By His Excellency The Governor, To The
Honourable The Assembly."
"_State Of New-York, Secretary'S Office_.
"I Certify The Preceding To Be True Extracts From The Minutes Of The
Council Of Revision Of This State.
Chapter XVIII Pg 407(Signed)
"Archd. Campbell,
"_Deputy Secretary_.
"_Albany, April 29Th_, 1836."
Of The Correctness Of The Above Statement, And The Fairness Of Mr.
Burr'S Conduct In Relation To The Manhattan Company, There Cannot Be
The Shadow Of A Doubt; But It Is Probable That A Large Portion Of The
Members Never Attempted To Examine Into The Extent Of The Powers
Granted To The Manhattan Company; While Another Portion Considered The
Project Of Colonel Burr, In Reference To An East India Company Or A
Bank, As Chimerical And Visionary. It Is, However, Evident That No
Trick Or Misrepresentation Was Practised To Procure The Passage Of The
Bill; Unless, Indeed, His Silence On The Floor Of The House As To His
Ulterior Views May Be So Construed. His Object Was A Bank; And When
Appealed To On This Particular Point, He Admitted The Fact. At All
Other Times He Remained Silent On The Subject. When The Bill Had
Passed He Was Lauded By The Democratic Party For His Address, And They
Rejoiced In His Success. Its Political Effect Was Considered Highly
Important, As It Tended To Break Down A System Of Pecuniary
Favouritism, Which Was Made To Operate In Support Of The Party In
Power.
During The Summer Of 1799 Vague Rumours Were Privately Circulated
Respecting Certain Transactions Of Colonel Burr With The Holland Land
Company. It Was Whispered That A Bond, Which The Company Held Against
Him For Twenty Thousand Dollars, Had Been Given Up For Secret Services
Rendered Them. In Other Circles It Was Hinted That The Compensation
Was For Procuring The Passage Of A Bill Through The Legislature
Authorizing Aliens To Hold Lands, &C. Connected With These Rumours,
John B. Church, Esq. Had Spoken With So Much Freedom As To Produce A
Challenge From Colonel Burr. On The 2D Of September, 1799, The Parties
Met At Hoboken, And Having Exchanged A Shot Without Effect, Mr. Church
Made The _Amende Honorable_, And The Affair Was So Satisfactorily
Adjusted As To Restore The Social Intercourse Of These Gentlemen. Mr.
Church Was Attended By Abijah Hammond, Esq., And Colonel Burr By Judge
Edanus Burke, Of South Carolina.
On The Ground A Most Ludicrous Incident Occurred. Previous To Leaving
The City Of New-York, Colonel Burr Presented To Judge Burke His
Pistol-Case. He Explained
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