North Carolina Newspapers

r .'J f i y . It iifvrn la'alin fi m Uat. .1.' I. 1 ... . , - The wudorn of hz f..btKl IS Scully Mn in wr.fl ' '.tt -ave the wiiii.n nrtwrc i ...I .. i . ., . . . ...... ,., . .7 "h touuuiuc. w i:,i Uirt of - the c. .n, and whLu ,!!! i"! H Dr. rt mom. tnv BtTirro.N ciiArr.i r J;MTr:u STATIC TwKNTT-SscONO CoTUaKaS r7T fct. . ' sin. ' Vow iJlf-prtMHUUivrt, .Vi 11, 8.73. " " '"""(Cttjictrneoy Tim committee would present another 1 Striking antilogy btlw"a the situation of bank ia April, I9, UkI it present , eon Jitioa. At the Am mentioned period, Mr. Chovei iidirtd I be Secretary of the Trees jry lint ine 10 would not pay the I jmitans !.. or wree Bullions, without negotiating mmb in r.urope, and (wo mil. fo-: fi-r of the iniU; r ..... .nun, is Irarix. MI,.wiiyHrlih.w,,fBii n'i an jNiymntU fl.r the "'M of lU J.,,,,-WI,,(,,'r ft r immfinl ,t, army, navy r r wr any o,r rnirpa. what. v.w, v. w W 1IW tharg.: fa TOch Service. " - for Derf.irmiixr lliia ?ni 1-..L ' imed, ami Lu rfcio4 from th lm ry auponmenf.tntf tM country wncrally, for m nn mt. merit ia .n ..,.;, U.l ewrld not hart bfn all IIium wrvicci it Ofirfurmt ,!. tOIM. Thil and other ciminnltiir.. 1... """" SAI.ISimrnv nnm.vT ; T ii i j Uuk tiat c.,,,1,1 thrm I tr.j th,l i, "9 r - Mw, IIKr ! M o,,, ) f lb Ur,k , nit eoljocnilw ra)u 0jWQ py ,M Uovcrmc.it to lei lb, flX dl t.01 n led.lbat tlt )Ua of paving to f "u.m,c9'lHi"b lwfr hiaii. rcid at , Uained tu that aIUU tiro ia precisely in tha Mm atitualiun it 1 iuw Hm hi wvTdruinciii iv pnipma InS I feacniiuN w Utfltnr percent, from litol July to It uf UctoLer, tud hat an mmed tba payment U nua quarter's inter, est oa tbc'M ftocka, bcinf aubttantiallv equivak-ut Id borrowing aavtn milliona aVI tiie Ouvernmf m' momy for tkree RKNitha. litlier Ilia (.' mcnt reuirta iJ, or that iIm ny ean affceted ty the cur the j ujieraiion, I tie tank baa i( Irmlimmta U.Xin I ,:.L ,L: i . .B, . 7 neiM, and fcornmwfeta the I! . I j r. I IIX1M. anil flki. iioiii were ui-iumij vuirvwcu iniinpe,l. , . Kn.iiiimncri pare tpfiiifiil , Ilii.i.r4 rf.k. t.J Ihailtfence fcftb. Government Lein " i nn MiHi at inn I ,v J " iniiiiea urn wouw allow, ty-fore tlmmi th-ij1 lalnra, lo H Ikw fr the Look u entitled la iH credit betfott! upon it, and to vhul ei fn bank hoi eided the orjriiaiont in cai oncraiHiaa prvond tha o ii fin ui uuvuivnce 10 lit cnarter. ne eoverament. in o. tnrt through the Dank at the UuiteJ Htntai. Tho eunclv vfetchanira bv tha hank Bothmjr but y cie. er notea mi Pta uoue lor uie, wm lire mcDlbi.l , " ' ""o piaiea, iw maaea cnmmuuli u-:..n . i J . I - i. iijuuiu m a..d tho curtailing of diaceunla, are bu'?Pniu.i0 nothing elae. If the note. itl miL ITJZ 7 ? ,T-?,tMl,1,Mlk tmre MU'lb. , flSuK btt.;rrtblvi bv tha I.JH ib' eavl, but tUt it would be lelmvi S ami ther ara-rJUt !. I own, U ie a private matte, htwn 1 .1" .7: " "P'r P-.v""a w,"ft or PW He Nnk Wuuid t..ake tha - j - w ""v raw . - i inanii ilia iiawiaw wt.m .. . a i . . . . ri . i i a , - moaaure caa ba ir u re.!,. . ..i Cd bank! and the Bank of the Fail. M ZrjTZ.r.-' ia?" tuna wnaie; . uu the Id Uclnler. eurreocv.ana a Mru!ae..a ,uT 5lte. and eo with which the rov-rn. 7 T ,H,' W"' c- T Ihn f tt.d.thul, aa the bank would o..iir .to hurnpeaii- rforkbd.frnu would '"id W,gi;aujttAlUjiaaiaetMia ,t. uud (o tha J..Liora of the Uovenimeiit, ami ni.ht elan;f r . the pnwtinl mymnnt. Forthiareaw I thodght ft.tof the illte P, ' eoverumtnt, ta powtponatHe pay l lurtlie.rata each ork would not ttiun nn rciMmj at mic , , v M Having thue prrf-irmed my duty in giviiiff the otiinion aked, I Alt it. ni tmn tatlie Covrniiwrt ' to dctideOa the rt r tha tank, 1 aiai-ht .thins, I re qneatiHl nothing afler weighing the cir eumotincea, the Government wr k. ro of Batting the meamjre, but the dif- ftmlty 1 uKlerI.Mil to be Ibis, that the inter hi 1 1 may errata a eVmand tha wmitt jiLwu-I) iti", lU 'c"rnnmnitT, anH,", abnlilttg the fueiliiieg Wh the dtl.t'.t ol tlw"j')rertifn:nt are iQ the kitt.it of re- .WPlt fm Ihe bank, tne? e&iaDrar tha mmciual payment of tlte revenue, tla Mna would would nncMMnrilv heoLlifntd loeonii Bmnce early iu preoamfiona for tha wim, burnenfiiit ef o lar-e aa amount of taiU My imprpwlon, Ihwfure, ia that, with a viear to me a.lr and punctual payment the wililie rtvwmii', the Government wnfild le. ktH-SiffMl W , .oomJm tlie pr.moartd rwyment "of the nublie t't-bt to awHwr quitter, t.y htrh time the etwi try wH mMaui Hi ineratveniance from aemanda on foreign account Tlte coiniiiitloa Brfl t!ili"rd to diwwnl from the view cpisd bv the prerioW in i no loregmnt axlract. ne eomiuiltoe eamifit bolicve that the oremura ahlrh fend which continuei tu eiit ainca vmiieifl t and I hu. i. . r .i.. r ... i .v. .i . A gnueraliy, and gird k! id and permanent nKm uoc mi concora it.-ir; and a i to ffl,duiv Bmwnrk ,i 7 7 ' ." ,u"" UUf,"R ?luetpr.ly, buMbt witLdrawUf b Pod tlutl the Ilank of the Unitl -ZS '2 f;''11 krgepViofneaWincircubtion i too watchful 1 vit in the ShJm 1 7' "'f '"V - Inb.k.-Tihteh- wflt-tjompcl otter reetktf fcem-i ,A.Kdathem, - r ...r.' . fUua fxou, the S.t. bauka, for "rtrr . The committee will here introduce e nmta thu. taken, epecie oritaeqiv.. ?Jj!l f f 1Lu"nc"P , 'f eeen, that the bank, ft, m, B..-I. ;.k:-Jr!r'." lent, or ita own ootoaii' .rlian, T,BiMt t,(S Ibeo pay in tltthis. hu had not the kat aaeocy. HtawtHu-u ) vm Hiii iiuui ui iiaai a iruiuirv a - i ticularly from impbrta, a ia univenalty knoarn, is collected in the Atlantic cities north of the putonvic. Thoae cities being me great marts ot supply to nearly the whole of the Vnited Buton. and places In which remittances centre from almost ev Import ia IS28f Which fully accords with !ien evutimanU. "It is the presorva. tiou 4" good curreoey which can alone wnjiarf stability to property, and prevent thJse fluctuations a t vafuo, burttal alike to individual and nsiioual wt'allh." A pill, -aays, " This advantajo the bank - - pa wacureo w ine eoarunumty, by conhn ing wiin prudent limits iu issues of pa fur, wberibj i l reatntint "has been imposed - irpweeasjv-tmp6rtaJioni,wTiicSrt "T: thus irtjgt iuar wltM thi trua wants and cajiacities of the country Accoriling to - th triennial repot of the directors to Uh T ItockHoIderS on Ifie lil "of AujuatTef 1823, . tne amount or etrculatton thea vas'f r3, 1 044,760 71 and on tl first of Anril lart. as Uioro Utad. it wa 4V2i7.ill ia. tresentin j the aMoowhing dillbrcnce of ffreater the dtitanco, the greater the pre iU'07I JbO 43,1a teas than four years. ra,am! Ulfl '"ger tne amoum mua re van una 0araoi(ireaf accoruing .10 tne sound doctrine of Mr. Rah, confining its -ies- -f napnr within prudool Jimita, - Wlierehy a rwrtraint has been imposed up. .oa eceuivfl .imporuutontT last great ikn,k k. :t. . i r.r. nuunMiHii, atiu iite uovernmcbt im. I sices to oUur lUomiuon. wha it w.iv.1 w uniim win mm iidiq inoi i: ..i- . . I. . . ' " collection of the revenue, equal, ia value. " 'J BS"1B cirtulte - the wgar to a meatre pmpoaed hy to that wtuch.'thev ul-miti "y. ' .. , ,: .. . z ;,r,Ll(rmm.iniAMUiUM sjw-reowred te f nn, r.fr nmv . -r'"""''"l WliWio-ofthr.fiim. nee. Pf?7 l be committoe M p.in 6nd aim- i-7 ' ...... . " ' .. Mrl)er,Iiu.t. is attriliulalJe nakiulv "lo tht grtoL 4imoMi fjtuitt jmfUt ff Ms " monihtr The committee be. lHv.tht- opmrioni of theKa4ikof Rie tutted Btatus in lliibulohthia. ajkl the of. a... . i .... L- ' . ' " nces in iiamnM.r, New York, ami Das (the mi principle place where bond re iwyahle.) during theW quarter, Sir nish eviileoce to the contrary. Uy a re. (renee to the weokly tialeuicnts ol (he nnk of the United States, the oilier t Baltimore, new 'York. and lloiil.ji. rVow July, 1-31, te Aprit, l?3?r liiarked No. oi, it wm uo seen, that the amount of re. auctions on dincounts and loons rt thoe four largen Commercial cities, du'rmj the at quarter, taking the maximum amount m (htTOiZi In cm-lmv that "l! i. .-' ?? 5 W"'. lU0 1,1 . , -r . - -r-f' . April, IS B2.rJ3.43? m or m naimt mIM. :xonUrfi 4ju4to TIs Ctwnmittce Yaniiot ilinenvar anv ..I . : . . ... r 7 I . ... ... . . 7 - v l . rrquire any lunncr illu.tralioa suunjaumn lite bank pnssfMiee, to give and if the principlo is sound, and has been increiaod aid to public debtors in the pay. acted upop by the bank, they cannot dis- M K the nine million of dollars fulling cover in what manner Jbe operation i.if due fa is ai(l) in the: ijuator ending with commerce could have boeo disturbed, or tn H t My, but on tnwenotrary, they the value of pwuniaryrlnvestmoitts have that sucir is tU situation oflho and . n k -will ba the demands Ml be called unon-1 meet, that require the aid "of all tho accunnj. . .H .1 - n ... pnrnirami- 'Theretbre,-Mflirifthe bankiTr,.iw . L e.iM in.fc, fi.u fn. .k- f rwwry Uepartmeut, g 'ae on discount-. I hs) wmirw are faU ng upcm it, or loaning it out, disregarding 'y ."f opinion, that though the bonk md the period w han they would b callen rp.' r r gh," f-'f noe, Mrwwtwl' a port T.1 wmtarttsj it, 'the comitiittee'can poncihent of the 'pnyhient by the goWn. readily perceive thai, when that ordor ar? went, stated ia the declaration of the river, they would be fund not ouly. defi. preidentye.Meuc postpmemeut bad wontw preparation, but ia a state ofeur'-, MJ??!: Mdd, .the bmikj would wot, on prise, and that the paymentsrwoold ilm the ii uf Julfi' hirve-posscioed the ihihty ciuodrrasf me nans;, ana men load It: to mw ess lu Oi'mand, witnrut causing jnvt anu vuiuui(( WiUIUICfCiiU CwiU niuaiiy. i n... .1 i a I. . t r . i t . i i - . i- ery pert of rheuntry, ereafc it hmrfd x,k7 Z.ZZll mW9 ruWWI TZTT tuU.., ii.. l . debt by the OovefTtineMin'nM -- - j which a w e called upon to transfer funds from thoae cities to oilier places, it bocomes a matter or profit, trig not u jixpeuae to U, Mud the quired to be tranitorred by iho govern, ment, and the greater the ditauce, the K eater the profit and advantage to 4be ak...!::.;. ,t.i- A That the bank has aided the. Govern- discover) or thai they are tinder sny obli gations to the bank for those services, they are 61 a. loss to iuwgina.... IIr fir ; the bank baitl4 the- (iovermitwit in its fiscuJ operations, as it cbitms io nave done, will bo seeo by a coramuuioUioa from tuo jPresidoof of the bank to -tiia- mittee, consider' that they hsve- adduced an id .Jborily,that csnnotj yell be doubted,"and lmt a roat one is now ia opewlioa there -,Ire too tiuiiiiyrira nation or the fact, to be refuted. ' A par . ticular ooo wiUiiflwe,whichis taken Ironi the docuiufints called for if the Sen. v: 'ate. and presented 4o that. hod, bv i tha 8eratar7 oy the Tretrth l5tKpf this report and also in a lpoC pf.ihe - ItfuTch laat t which will be found a wt ctMitiee Tthioc - .. ' . m . .1 ... m.i a ..mint n..f!nM .lhlT f .it fi'Hlnhl.mluV - roimicttuoq uora ine turesjaem cu tne Jiaiwlcul,,'u ,uor""si' "? plating that tbs amount of branch note laSI, m the-lollowmg words. ''That tiis ' tuloeiued by the Bank of the United buuki through the whole course of Us op. -Stutas al Philadolphia, during the month orations, kas ef&ctually asited the Trea- ofFebruarv last only. 'to be 8730.0001 iry in the collcctiou and dlatrihution of and the amount redeemed, in 1831, durim? we P"5"0 wvenue, Bnd.that.oi'htto years, tno i no monrn, war qmy f ms'jiq, i uaM UKVU g" fK;iu. ptomjj la a leftor Under date of the 2dtli of " 'charge of the public deM from dn sr . a . .- I a l l a " ' Jiarcn last, to tne chanmaa niinee, tne presiacnr ot the. bank" says, . . i!wt tho amount of branch notos redeem. ed at tho NearYork office during the year isiu, was Si-VJitf.uo-j, and at fbiladel. . , phis, $5,S9d,S,J0,..makini a total of I8.. CI(J,433, with aa increase .of .circulation (. scene ot:great t&Ktt.lt lWlMo cinl commuiiity.::T;':-;::."::;rr The eoiwnittee " arw- unable to discover in what aff-rd manner fh bank coulJ aid too Uovernmeut 4a carry luji bta ttSmA, Trom tie oBservations made, and the WamutiUion of documents durimr tha course of this invcutiation. the comnutW hiive strosig "reaiibii to apprehend lha lhftIthgMlaium they tifopnaedh.-whtcfrthe wwwarpia pnudattiif the;rij this lattor pnncte. If so, the bank has HIk ol having , proflored to them. All inciirred a high vespfflwfaitiry,"--- tjM H the 'tiorf rnirpvrjicvlda k' fifjilii rvoT. ; u .v ':-: peitK njil A an iV'-'ratlon of tn t jf I he iii'"inre I liu.n eilry'''. 'I. I r f tiientvii that in live di'wiiit iV lant, tlto collector of Nrw York, nillim UuLLIe aniM'iy to protuct the ih'i rv. ttior. sailed to tho tiik to auihoils an. citiiuimi nf Laina I', that citv. in un'er lit etiil ihv deUvr to the Goternmwiit.. 71is promptly done j tli'm I should oVsiro o do asain, attiie a inrnt to the Gov eroment during tha iv t q'lartar, will be) I pon a reP.'renre t je. weekly nvn ment of theotHce at New York, iVm Ju ly. 1831. U .AaeiLlb33. btforv. allu'lcd t, the committee find no ajxrajrate is crease cif loan ( but; on the rwnntry, the find Mat there has beett a fedurtimi in tba anwmt vis t the amount ou the 291k 1'eb.' ruary being Urn than on tho UJ, and tha rih dnys of the saraa month, and 1140, OOOlcaeoH tlta inta day of .March, than on the SUlh of IVhru iry previous. : Uy ttamiiung the atutemei4 o. r will be seen that the Mai amount of die counts at lhtJ!cw.lnrk branch, Jj'wrnj , the 4ttt ofOotohor, 1"3I, and the U u ot Marclr, lS3i, Twcra actually diminished - 1 169,4 17 17, while- during the soma time-, the bonds paid at that vpon? amounted t between mow and ten smHimie of dollars. - - Ilia committee itt ardor to ascertain tha nramaa niiuwi im Ilia atuiual . tirm of director baa been connected. calT.- ed at an early period oflho iovtist.oiii ' lut the following Jocuaisut, viai "AHute.-. lrW.nl o AUAlllldHt Aiw.M UIM..KI urTi annual electioa of directors since t!i..i of 1323, the -whole number of votes riven; f .L . t ... i a .a . , ,H ine iiumoer given in person, and tne imm ber given by proty, i.d in ihe Ini' t en;'L by Whom," witkh Matetitcot waa wot fur mwhed the committee, but the stateiimnt, marked No. 41 wa fumili'nj , ll.ia . k.. ii. .i i. ... i . .t . . . i-: ,333, ef which the pteii li ut Ii dda. tY. clusivtly, 1,430, and at a truiti-e, in ton. j-mmmm.,w aFltftVW at ' , W1IH. H Lit biia without tiitcodipg lo impugn tlte ercisa of the power, dw.idodly a pfeyond eritingTontrof in lha ceU(x tit tiirnc tii s ' " " power which, waa tiever eontemtdatal : by tha cliartoff f so far from it, that intro - rat nt, a well a sillwjqueot Jaw pne!j L d 1 . - 4. . . 4 . . J .. . ... .. uj vwigruM, nave siutiHMJviy eiMicaorea i io nrvTvnt iu very miaciuol wiitcb Ikia nun luiraiin la hub.! .,hu,jii.lu ...Ii, .ii i.. predueev f ko-cl a ter has Hmited tW VOteaoftlia lnnmtJ Kln. L!.,l,lt.r n.. .,,,: what-wity ba the mnnber of shares, to tha "Miivi'snj vriait aa t' t vr fc prevaut the whole alUrs of the bank ft om .LiUing into the hands f a fw ind.vidwa! . it- fKrwetfbl n tnmm to te crtstro:f d. by one jnaa alune and,thk jbusI ka apparent to the good sense ofeverytif.fi ; Tha jamhiilioA KulUu ii.. ..l.a. lHiutitr m iKa t.ifti . ..a ,.t... bj;iariveied.o 3 jwrcwit, tockJA wteiided, as they tin. -ajnouiit.At liad.idloiod W JjmeaeMit, dersttiod, -ta lave i bn pidli the'Uf ' of when thojr wished to' ohiploV It-ttie ioe Wjr;ajr the Government, to be within the ' a "principal' would cull upon ita agent to province of their bquiriesj and believing, pay to him monies jrhich hehad collec that it had a strong connection with ted f hi liepefit. . . . the present stale and iUta.ioo.as.cf tha Hy-diuioi marked No. 99, it would aiTairs of tha bank aiid for the purpose of appear... UuUV oa the 13th day of March cnabijifg theiii tit form a correct and true bit, the bank wua aware of the intention opinion upon thai aubject, they made a Government to pay o$ during the Ciltl nnon thn nna.iLnt .r il.A kuk A. k. Mir mwil lurfinn' f tka 9 .iui of the ohokJ turbtngm. correspoidewco in relation to the Dortpono. I atoeka t and the subject' of making an ar. bank- Myi, U pvalue ol pocupiarj' mvestments. merU of that payment in tha' toUewia liogameat witk'tiia. holdors, was, on thst words t v ill you ploase give a copy f day, referred by a resolution of the board, the corespondonce connected with your application in March last, requesting a suspension by tha Government of the pay. metit of a portion of ita debt intendod to have been made on the 1st July next, or a statement of tnV arrangement uutde ia re". lation to that suLieci." Which baiik does" not poases, "nor CSA it et pre. ow the committee are not able to dis- covsr upon what principles the foregoing I declaration is made. . By referring to the correspondence, in f Sl9, between the then president ef tho bank and tba then Secre .Between tho 3d of February, 1 831 nd the I ,,u7 f th8 Treasury, the committee dis- z.i ot January .Bij:YOt more than tlIIir.,iOT, l, lBW ' Jion ol dollars, as per monthly statements j thoTreosury Department anl (tWaeaaeofUa jM reserving all that it 1st of April, I6U, c-um trotom., "to as follows: vMorcrf, Tliat the subject of the com BHttiicatioojuRt made byle president be referred ' to the committee of exchange, with authority to make, on behalf of the hnhk whalever arrahsomeats with the bidders 'of the 3 percent stock of the Uni. pondenee was commnnicnted by; the pre- tod States may, in their cjiinionj, best pro. si'dint of the hirilc," U'ilh thaXlfowmg re. mofo'tho1 couvem'ence of the public,' and marks: ".I .have made no application to the interests of this institution. . tha Government, nor have I renticiftod This proceeding on the part of the board, any suspension of the payment of any por-1 nearly two wee it before they wsre ollicial. iy luiuriuou in mo iiaouiion oy ma uov corns. f Fubruarv. '1431. and I to meet immediate defnandsol more than J 0n ,he 80ta Mb, 1619, the President twelve millions of dollars, vii i - - jof the bank closes a couuutiuicalioato the In pecie. funded debt, and notes ofltbcn secretary, Mr. Crawlonf. thus: I .'... ,i r er banks, which, at first named date, nave ventured to trouoio you wua tnose tion bftha public dobt.w anted, as per monhtly statements, vc wan me nopo mat ynu wm paiwni Xhe inquiry, I aupposo relates to this rnment to make the proposod pavrrtent o . - 831. 758.663 10 1 the liberty, and with the conviction that if i , ., f . .A on the 1st ot Julv. domoiistratcs fulk. to ft J mt. - f - a a. a a lii nan aa I . oAna fhu if til mil inn nw- l I . I a I. . 1 a I . ' . .... ...... i i 'iOuu luoiaw-tw w,o4u,uutf vui Juu-ba ava..ia nMtivi . .. y. i ih. ai-iina Sor-relarv J ilm Traaminr ilu. i i"" miiuia oi me commitiee, an aexnowi. " ' I AjH!wb ywidiaUdosut 6n.i.tr.l with jycg TBroOrlrtlirtWarT iJ niTriirialf g""" w thtrrwrt tif the administration - i - - ' - a,M a) mmm a i ik a iniiKli A M.:.jr will fiinl ia nlnnniM an 1 1 1 - V Ck V I a a.1 . a. -'.. - .. J -i t : a . a t v ........ .,1. at,JHi),Pua.lU iwjiuuiiB.rn ..u ......... fjovcrnment...a-aboutt iauee,ntie w me oana, oi ii inaoiiuy w meeuuefle- - Makin; aa jost. stated a diminution in doing so.n -The boennary of th- 1 reaau- 0B tne jst (f Aprjjt 0f ln0;r jotonf ion t ,rwn1 't,'c' contemplutod paymenls the active means immediately applied to ry, in closing his answer, under date of pay)0ntho It of July next, ond ball of "f'he Govsrmooul 3 por cents, would ; ;jhe extinguish merit of (ls"dobls,"pfcorrsi'd. t1ia27th March, lelO,- says," every, fa- lJ)(J ,jinj: " cmH.rtoc and to d it by bring upon it; without prJuciug the dis- arahly more than half of its former capac cilily which it is in the power of this do. i( j, ,toc)h0,jer '0I,9 half of the trt1 Lefur8 lluJec' t0, - ityjtoeirisctthesamAphjecU ; partment to afford the bank, in its etforts amount 0f hislleertcate., lie addod.; In a biter to tha Swretj.-o-iha ; With such an iacrea!6fiasues, and the to support scio JPayraen,,g. nt reorljf ,-. objection occurs to you aJAer' TwaTOI7' rr4,m th prewlent of lha bank, influence of a most powerful reaction nowl Ike currenUy td a natural state, .may be ..tothe amount or moHa o oavmnni. 1 1 dated tho 29th March, 1632,' marked No. operating errotl tho fiscal energies of 'Hie confidently relied upon' 1 will thank you to suggest itl WIwng i country, as U exhihilcd by the diflorende By a reference to a' statement of the f "Thus iuvited byha Government to af 'Owing t a vari " af the redernptioa of branch notes at the public deposites in "the Hank of the United communication .marktii' cotifidViuiiul to - period and places- above mentioned," ' to- State each mouth, from' March, ISl3,' to give mj opinions on a measure contompU gether witlt such a reduction or its means. March 1832, inclusive, marked No. 37, it ted by tha Government, I ielt it my duty : ,'fA .................. . .... . . ...... i. V .. . . , . . r ' -wrfius vugRgamenis, must, we toar,iwiU be seen that trom tne ist oi January, to express my view of iu prousWe ope. compel them still further to curtail their j 1123, up td tl.e month of-March, I83'i, rationnn my feply, therefore datod Ciitli accommodation. ' I thnra haa hnen onl ou lieriod. f Noveai. of Mare.h. f atalnd tliSt an fae aa ti It is oyidont, from the circulars addres ber, 1835,) when tha public depositee did bank is concerned no objection occurs to tsdtotha brtnehes, 'and correspondence not exceed four millions of dollars, in the me, it being, sufficient that the Govern- itk them since October last, that the hands of the' bank and they -frequently ment has tha iec(.'Siary amount of fund f hief hit of the bank baa been to 8us amonnted to' eight, nineton, and elovea; in the bank to make the cwenphtd pay , feat itself the statement accompanying and on one occasion to twelve millions of tucmV I then proceedod. to oUorve, .wis report, clearly proving that tho bank dollanr. that in the present inrtitution rit the c not increajed its tacilitics to the trad variety of causes, but nuiu'y .to the groat amount of dtilto pay able for the Um few months, there has been a pressure up m tha the mercantile causes, who have been obliged to make yry great elTtrts to comply with their eo gagemouts to the GoverunrMt.. That pressure alill centinuos, and it may bo pro. l inked by the aniO cause -the amount of duiiesatill aide during the Best three mouths.-This state f thini noem to re. cciHvw'nd all (lie fiirlxjaranca and in4ul- guneo lo the dt4itprs-viich tan be safely I he' inconveuience, then, of ftt poAiwinrta Ia trwnmfnl marked maniut i.AiAmiintlv:' aml..iuit.a'a irarw- lia"f i.r:A,irr.ftf. Bf eoinfflUFtitvrin SJl H:frt .of ItiH'fTtiTnhi' 1 53' ir i ill lT finin-l thai ainnfl the month ramiiii : n(rr.inna -om.iii iliTr, Irt ii . ihn nrnmiAil mpnui.r ia Ihn'l ilia ra.nnv. The l-.arik of United States, amoo? oth-l of March. TS-i. at till th diiforeut periods! miiliunsA t be "aid hiHir the 1st of Jn.'i ni-int nt six or seven millions of doliara. V editioaa of pljaitfli, lfl,ni to ifljs.djs4cly wiu; tjba. tfaipti'jn by I ly, the uVbr? if 10 QavgrMt wJ 1 tfrw bap9 W hkh w Lcii W Curofp, ! -WWibA, l RssidV lha elimiiwhe mean of tha lank pmioii.slV alluih to ! !?3c;l;fis;:M&::al, specie,. its foreign exchange and other re- sources, one or tiia great difficulties umlot which it now labors, in paVing the public debt, is its bein compelled to receive the puuiie revenue, in the Atlantic ports, in a eurr mey, to wit, branoh notes and drafts of the western offices, not promptly cn.i vertihle, and to pay the public dolt iu currency money. i Without . a Jiir2e abriduement of the usual - accommodations," which "will, 1 of , course, greatly dial rew tha community, tha committee are under tha slminrcst conviction that it will be little better able to hieet the pressure the Government pay. mont will cause, on ths 1st of Oct. than they would have been on thw l.i of Julv. The words of Br. Crawford, in Vbttter dated Oth of April. 1819. to the nramdent of ike bank, the-rwnmtttee KfoifsiJcf pocu- 1 ! .... - . ... . ". any appropriaio nera . to introduce. radiations may prolong the eximini' eln1larrament1, and by eiciting illje hopee and fcnrs of the community, aggra. vate the existing evil, but cannot inllu- ence the final rNult.w " I n another letter, dted the Oth of A nril. 1919, to ftio same iratillcmun. be savsit : . vaiiaa,, ih umcr i ooure Mecie pay hmiiU, hi4 epproaimat Aeir t ireti'asion and individual dnrnMics, to a sum jiwlly, proportioned to the amoupt f specie in their vault. Any thing hort of this, will keep them in a precarious state, and ponpone ttie ieriod"wneq banking ofiera lions can be aafoly preseouted upon ordin ary principles. . ; , . ,'.., , , i -Ybcna inMitution, with invoHtments amoutttiu to. wjvunt) -five millions, com manding the foreign an dotueti'c'axcksngn of the country, inonopoluing tho Govern ment deposit', cannot, at the tnni nt. when wo an; vporttng our aiuint re- n ul' cotton, amaiiiitiiig, by the admission ol' tho president of the Unit, th twenty milium of dollars, (but re.illy near thirty,) timi t a fow milium 01' its funds abroad, to pty tiK;Uovernmeiit debt without ixi!arra.i.ii)ig its operation, and friouly dihtra-f-ijig traders, is there not rvaoa to lIitn t.'jat its !)ii:ihwj ha bom .too much - and too rapidly extended r ,In the late letter of the pnwidnt o the hank Ui the Secretary of the Trcawry, ..f lis syiu aj4ra liiM, bm u lljc fym, Iters, two millions and a half of dollars! this redaction by the bank and it branches, ho probably compelled a similar rodeeo lion on the part of? tha State institutions. in proportion to the amount of their Jfn in each of those places. Ia this, and in this alone, the eoinmittee era fullv ner. tuaJea is to be Tiuiia (he true scen t of tM prcaiura which has exisfcd". and dun still exint, operating upon the commercial cowmuijily..-.-.-- , nt"liiis" prira "will" eontinue'for soma tune to eome the committeo fear for that espiuwun baa pearr lo Fcuf, lliiil the contraction which is now in operation cannot, m the aptmon of tba committee, oeen.icmtuiy checkej or Controllod. with- out a necessarv caTLiilimu.i nrdr-rn.,1,1.. If thetek pofirTO iblTit vlto iuS. (am it If without curtailing its dincoutits, the remie falling due the prmnt qtiartsr, wgpe-trfttrctod uurm run Utus, upon Hie pHncipl before pointed out to the commercial ijbg? C"it H th Covenf-1 yeii not wtthrtatwlihg .thia : raHtrjtina, lJf nf'O'a wttheut, any. inconvenianca boins ,n UM Pities, tndiyiduaU, witk J ui . caoaoo oy triw wperation.-' But atteh ahili. ih .,D? e.ljriw!l..ttoficd. tho or no. iiiiinediahi tutcrcst, tatJ'Mffjrrn tat those pocMMinr a direct end f.e-n interest are nrohiuilad trom doinv. Co-" iksctod . wrth- thi suhWf. thtr kii.i.t whicJn ioatlit not to so- wimici; -T1,a reciore, marked iSo. 42. there han but tweuly.four. The presiilimt oflf, bank holding tha appointment from t'ta Government and Hie atork'hotd.-rs 'pi t!.a saute tuna. The coinmittsa cannot paaa over r.i. r. ' tioniogtlM suhgoet if tho sum ai(J i m printing. : By rfi'ianca to a ataioioMnP ' fonuahed the Brnmo in March last, it will be seen tnat,fr.m the poiiod of e.talni-h hRW'ai'tita'bitnklfier trytkfVSft totheyerr lD. tUe si,.i ptid fir r U ing, in any one year, Ima not etc ,!.; J 567 19 and in s me year, it Ims ber a reduced as low a tl2t and I1C3 fit Bui in lH3i, theaniKimt i swoiluJ to lha umofta.7C3 5i; and, ia IfcSl.to f3,a 17 04.- In the yoaT tl7, tha year in which the bunk wo elnMi'lied and wei;t . mtwVrpVratinn; and con .-.,iu..;:y a greater ' eijene wa incurred, the exjiua t4 printing was 15. - - '."M'hnt circumstances occurred or txht. ' ed during the 1830 and 8l, to require such an unusual incrcaso in this brsndi of expeiwe over the preceding yparaiii tho ordinary course of its bufiuess, ( com. mittoe linve been unable to- .ovAr. tlKUJB lhaycalkd Tor tue occnaa'un.l. r " this head of expenditure, but faaiu n.t t . received them. - In the unme iU.- u r i contained tha sum paid to "iilon.f).,' aiiaunlly, since the astiiblishnient cf'tlie wl,jrttag.tatLtur ! mil. edliroe, tho committea. were unabe to investigate. ftiitcint' however, mm tolhoir knowledge, to justify the belief that tha ums . returned as bvinr lt j . paid. to M attoriMys,' embrsca. only l,(.t waa pnii tn them in that JUfliut iUrur.' tw; that the suras paid Unnllcifvr . J rouniKllart tor the bank are not ia ths e tuvr.x given. , . Tl " fomtnittoa addrcs.-ed life f.Ilowi infinity to the president Of the ban';, 1 livoing that it involved a fjct'whirh utf ' Lo useful to Congress ii it future Ji tion nn the aubject of it charter i , , 'tPid Mr. LlUworth.'or any one-el.-u r.f t'.a- S;ate,of Conneeticrtt, us"-.- rs i f Uv:s M'liiut State, Write to requt-. yVl to give ttiui a li4 f stovknoldcra bt-lti" itlo thJ fc'tate, for I'm purpise of taxi"' tin-in avoiding to a hw thoiet.fV.