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tVjrduirta examination, howilver, it is As •nett ns Huh was made known to the Sec’rv,
C“- n , a il the riotes vecuivcd froin those ■** tiAnt Huntsville Bank,tosi'cnnive Hm
.Vj-vrtuti,^ ^ hicll t j ie Treasurer did not rccciVe m,f ^ e K?**|SK* Tha fiwi.ltgV.ufi&i itzb’f, by
ba, ‘ it’ Jrcdit in the banks to which they were
a c!lSl \, L wcr e specified in the report made, by
^"e^reUTV on the subject, with the exception
t,lC a >R5 in notes of the franklin Bank of Alex-
o' Pf which formed part of the funds receiv-
Bfth i{ of Missouri, agreeably to his
,dfrO "f 20thof March, 1820, but which, in his
letter of ■ th of February, 1822, were ac-
r Ctlv omitted to be mentioned,
ns t there was no intentional concealment on
is evident, from the manner in which
to> 9 9 " /L ar y complied with that part of the rca-
^ C c 8C n r which referred to it. By the resolution
dation, e{ j t0 statC) whether any uucurrent
he wa 9It n ^ p a p e r had been received from
or deprert
v • honks* which tne government was noi
certa ' n ,„ .-ccive. As the Secretary was of opin
b uun “* nll me paper of that description which
• that all tlic paper ot that description which
W n t ‘ rc ceived from those banks, was paper
.s';, ivas bound to receive, he might without
fctiejmve answered, that none such as were
t o in the resolution had been received.
S£s, however, to. put the House in pos-
!• .11 the facts, he stated what uncurrcnt
gaRiftSl-% ;«“i-
«Li. and he included in'the statement.
2521^. and he included in tne statement, pa-
^rTothc amount of several thousand doUarsj
quoting Certain expressions o^ the Secrfetnry
circular, ol July, 1819. fhe Srureiavy replied,
ir the hunk hmi quoh-d correctly, the cir
eular must have been imperfect, ami desired
tu have it sent bttcK for examination. It was
sent back ; Was found to be inaccurately Copied ;
were S’removed! the drafts «.f the"Unitcd Slates hadHb^nilltp seconded The
were paid, aha there the whole matter ended views <t the Treasu-y, by authorizing the vecen-
In the passage relating to this subject, notice
lyas also taken of the accidental omission of the
Hank to render some returns These are the
parts Oi the letters in the correspoiidence which
were not communicated ; and this explannilon
will show, with what little reason it lias been in
terred, that every omission in the correapnu-
dence contains something which the Secretary
must have an improper motive to conceal.
These observations apply to all the extracts
transmitter) in that correspondence, except the
letter of the President of the Huntsville Bank, of
the 3i)t!i Sept. 1819. As this letter docs not ap
pear tohave been transmitted under the last rcso-
lulion, it is presumed to have been mislaid. ’ The
purport ot the preceding part of it, is not recol-
lected, but starch is now making for it, and as
soon as it ij, found, it will be communicated.
Country, a general iptd severe distress had fol-
l»Wfd the resumption of speo'rt jv.iy On
the | art of life Treasury, every disposition had
been entertained to make the demands of the
gov- i nmeni press lightly on a xoffttiiig people.
U ith tliiu view the Receivers and Collectors,
had been author?: d, generally, to receive in
payments t« (he United States all the specie
pav ing bank holes in circulation t and the dank
An additional importance ia attached, by Mr.
/Illtllkdn * t t. » _ I a. . . .. ... . IS ft
p?; u at the time’he made his deposite, had Edwards, to the circumstance of «• extracts" be
f .rtoall’v been paid in cash. Under these circum-, ittg Sent in this case, as contradicting that part
miirht have been reasonably suppos-' of the Secreta " " * “
ITariee’s it might have been reasonably suppos-! of the Secretary V testimony before alformar Se
ed, that tins . omission was.as was truly tlic lect Committee of the House, which speaking of
case wholly accidental, and unintentional
The ch*r*e ot withholding letters and infor-
.. C aiied for by the House, rests upon no
mSue* foundation/ This, however, may have
orkrfnated in p*rt, in the want of attention to the
truehnmartofUieresolution under which these
irttoM and information were called for. Tbe
ffion (oftheHouse, of the 9th January, 182?,
reauired “ s statement shewing in
wliat banks the**moneys received from the sale
of the oublic beds have been deposited, since
the W of Jsnusr/, 1818, the contracts under
which tbe aaid depositee have been made , the
correspondence between them and the. Treasury
Department relative thereto,” Btc. Uc. tec It
has been doubted, whether, according to the pro*
{ er rules of construction, tbe correspondence
ere colled for, related to any thing more than
the contracts. It ia believed, however, that this
doubt gives place to certainty upon un inspection
of tbe resolution, as transmitted to the Secreta
ry by the Clerk of the House, between which,
•od the resolution as printed, there if a remark*
able difference in the punctuation* That which
appears in the latter as the first member of a
sentence, terminating with a semicolon, is, in the
original, (see annexed No 41, which is here
with transmitted! a complete sentence ending
w ith a period. B> this difference, the words
“ relative thermo,’* are made applicable exclu
lively to the contracts; and, of course, the cor
respondence required by the resolution, is the
correspondence between those banks and the
Treasury, relative to the contracts under which
the 'moneys received from the sales of pubhe
lindsls.tnce the i t of January. 1818, have been
deposited.,. , , . „
It .will be seen, however, that, tn the collec
tion of the correspondence, it was not confined
to that-’ object, but, that, in addition to every
thing which related thereto, there vjua commu
nicated so much of the other correspondence
with tb; banks referred to, as would enable the
House to form a jus' opinion of'ho whole sub.
ject, notonls ot the anangements with these
banka In (bis particular, out of tbe relationship
subsiaitig between them and the Treasury.
The resolution of tbe House, of the 12th March,
1822, had reference only to three banks, those of
RdwardaviUe, I’orobeckbe, ami Missouri; it callej
for no correspondence except in relation to the
Bank tf Missouri, and, aa it required all the oort
rrapondence in relation to that bank, not befo.
communicated, alt such correspondence as could
be found was transmitted* Vet, although these
two resolutions are distinct irom each other m
their requirem ■'its Mr. Edwards .ff.cn to con
aider every letict which waa communicated uin
der the latter as having beemmprop-: rly withheld
under the forme* .
That aome of the paper* tranamitted ur.dei
this resolution might not. with p- opriety, and
perhapa with advantage, have been sent under
the firat resolution, i* ot asserted- Whether a-
ny auch, if any such there be, were accidently
omitted,or whether they were not deemed necea-
s.ry to an understanding of the subjcct.ia not now
r collected As there was no consciousness on
% part of the.Secretary that any of hi* transac
tion* required concealment, or merited censure,
add spit was supposed that tne object of tht
ros'dution, was xcluaively to obtain information
the whole aim in ar.lecting the papers and ma
king the communication, was to put the house-
in possession of such iinformation, and such only
ss would ut serve to elucidate the *ibjeet to
Whish It related. . .
But, lo whatever cause the omission ol any of
these papo-s.is at ributable, ibe omission itself
is unimportant* It (s believed, that the papers
ommunicated uuder the second resolution, oi
the (Treat maiw which has been • otnnuiuicated
under the third' esolution, disclose no new tact
which it was important, in rein' lion to the auoject
«-f die resolution, either to communicate or to
withhold* l be idea of concealment waswnohy
out of the question The delicate nature of ma
ny o tne letters communicated under tht fi st
reso'-uiji.i,, snows, ptrhkps, a 'caning the otue
way. 'b/., '.here was really nothing of moumn
to be c .,uui«ted The general outline of the ar
rangemehts with the Western banks «as well
known. TKmc had been publi.hed in most of
tbe newspapers in'the countries interested in
them {and they were familiar to many gentl-
uien In Cobgress, some of who i bad been smo g
the fint tn pr. as upon the Secretary the necessi
ty a.- i .idvfiiit g*‘ of such arrangements.
Disclaiming; then, in the most unqualified
manner, any wish or intention in the Secretary,
of concral ug any part of lus conduct in relation
to these ba..ks, the opinion ia confidently re-
peated, that, after an examination of all ihe
coirespoiJlt net that has been, at various
times communicated to tiic Wouafc* it will be
found that 1 , although more ample details are ex
hibited, because the papers subsequently, pre
sent* d, are more numerous, as clear and faithful
a view ofthe connexion between the Western
banks and the Treasury, Was presented under
the first resolutiou,aa is exhibited in the whole
mass of die "correspondence. But, if the tact
wtre otherwise, nothing could be more unjust
than to consider the omissions of every lettei
not communicated under that resolution, as a
■Suppression with an improper design.
Although these explanations may be deemed
a-sufiicieiit answer to Mr, Edwards’s charge of
suppression, generally, yet there are some par
ticular instances which he has specially dwell
upon, and to which he attaches particular impor-
“ -. notice.-—
the correspondence generally, states, that, in
consequence ofthe pressure of business, the
original letters and rough drafts had been com
municated under the resolution ofthe 14tli Feb
ruary, 1822 No such contradiction, however,
can be imagined, without misinterpreting the ob
vious import ofthe Secretary’s words fie spoke
ofthe communications generally ; and it is a iact
well known, that it consisted almost entirely of
originals and rough drafts. But it is iriecnncile-
able with common sense, to suppose that lie
meant to convey, the idea, that papers which
bore on their luce the title of “ extracts,” which
, *■>', hy authorizing the reccp
lion of thefts funds from the Deceivers and Col
lectors. Thise.xperimdhtjj ihotigh it gave reliefto
thcpubjic debtors, mo! been found injurious to
tlie -wetju'c of the Bank ; and, by s proper regard
for its own safety, that institution considered it*
St If constrained to decline the reception of almost
all of those funds winch form the currency of that
portion of the country, and ofthose which alone
it could prudently take, scarcely any were in
circulation. Wliat ellect this change had upon
the state of things may be interred from a fiw ,
extracts from some of the communications which l rventucky
were about that time made to the Secretary in
relation to the subject.
"The debtors ofthe United States,” say the
Directors of tbe Hank of Vincennes, in their me
morial of the 9ih January, 1319, "in the West,
cm country, labor under distressing and almost
insuperable difiicuities in meeting their engage
ments ; not so much from the want ot means, as
from the scarcity of such funds as are receivable
in payment of public lands. Should the country
continue in its present situation w,*U respect to
these funds, many an honest citizen, many an in
dustrious farmer, who has migrated to this coun
try, and lias paid his last eighty dollars as u first
instalment on his quarter section of laud, will be
compelled, at the end of five years, to leave his
favorite spot, his cabin, and all die comfortable
improvements, which ihe labor of his own bunds
has acquired, and, witli his wile and children,
seek a new home, without money to procure it.
And why i Because the produce of his farm,
although he may have an abundance lo spare,
will not command such funds as Government de
mand for the completion of his payments.”*-
he had himself communicated nml described as Other representations, which are herewith trails-
“ extracts,” were cither originals or rough drafts.
Neither the Secietary nor Mr Dickins lias
any where said, in their testimony, as Air Ed
wards supposes, that the latter delivered all the
originals and rough draffs to the Secretaiy, smf
that the Secretary sent them all to the house The
fact is otherwise. All the correspondence with
the banks referred to, was not called for, as has
been already shown j nor was it ever asserted
that all was sent. Mr. Dickins collected, as he
hus staled all the correspondence that he could
find, filed and unfiled that was likely to have any
bearing on the subject; from this he selected
such as, in liw judgment, was required by the
resolution s and 8uch”extracls” as were made,
were made under the exercise of lus judgment
After the papers had been thus selected und ar
ranged, he laid them before the Secret ary, to
gether with such statements in relation to other
parts of the resolution, as the Secretary might
require fbr his report These papers were in
possession of the Secretary while he prepared
his report s but were referred to no further
than was necessary for that object; and the cor
respondence thus prepared by Mr. Dickins, was
transmitted, in the same state, to the House.
This circumstance v ill explain the appearance
of the marks on the passages which Mr. Dickins
bus stated tohave been maiked by him for tbe
purpose of calling the iccretary’s attention to
them; and which, if they hud been observed by
the Secretary would have been acted on by him
cittiet by directing the marks to be removed, or
extracts excluding those passages to be prepar
ed - ■ ...
To remove all pretext for the insinuation which
Mr Edwards has founded upunthe circumstance
of Mr Dickins having been employed to select
the papers, in this case, instead of Mr Jones,
the chief clerk, to whom it had been usual *o
commit the selection of papers required by con
gress, it is proper to sia'e, Unit the resolution
of tlic House did, in this instance, take the u-
suai course of reference to Mr. Jones; ami that
it was at his request, and upon his suggestion of
the propriety of referring it to Mr. Dickins, be
cause of his better knowledge of the subject,
tlmt the duly was transferred to’liini.
There is one other omission in the correspon
dence which liar been emphatically alluded to by
Air. Edw-iids, and which shall, .therefore, be
particularly noticed It is a letter from the
Secretary to the President ri' the Bank at
Hnmavilie, of the 9th of July, 1319; and is
mure than once referred to in other parts of the
correspondence: whether it had been commu
nicated or not, waa never a subject of investi-
gatinn with the Secretary, until the notice taken
of it in Mr. Edwards’s address rendered the in
quiry necessary. After a thorough examination,
however, it could not be found, either among
the records of rough drafts; but, on referring,
as a last resort, to a file of confidential corres-
S ondence which is kept by Mr Jones, the rough
raft of the letter wus there discovered \
copy of it is herewith transmitted According
to uie views with which the correspondence
was selected, under the first resolution of the
House, ibis letter was one which would have
been then communicated. It is believed, how
ever, that the sentiments and opinions disolosed
in it, are fur from furnishing a subject of blame
to the Secretary ; and, as he had communicated
a letter.of similar import, written on the same
day, to the Toinbcckbe Bank, it may be inferred
that it was not withheld by any improper con
siderations of delicacy in respect to the matters
to which they both relate, from communicating
this letter al.-o. It is believed that ihe letter to
the Tombeckbe Bank, ofthe 9tii ot July, 1819,
was also marked “ confidential, ’ and the opinion
is strengthened by the veferrence made to it as
“ confidential,-’by tile Pretail nt of the Bank,
in his letter of the iStli August, 1819 Tbe
word “ confidential,” was probably omitted
through inadvertence, in the copy ihut was re
tained in the Department; and thus it went upon
the ordinary record If this opinion is correct,
the communication of this letter corroborates
the fact that the omission to communicate the
letter to the Huntsville Bank, was not owing to
the matters it contained, but to the ct'cumstimoe
of of its being on a file not before the person by
whom the correspondence was selected
milted, from Senators and representatives, who«»
character is a sufficient guarantee for the truth
of their statements, corroborate these views —
The Hon. Mr. He'rrick, in a letter of the llthoi
March, 1818, considers the adoption of some
measures on the subject as desirable, as well
with a view to relieve the people, as to preserve
their affections for the present administration of
the General Government. The Hon. Waller
Taylor, in a letter ofthe 31st March, 1818, en
cl/sesa letter from a respectable source, stating
that twenty per cent, lmd been given by those
who lind payments to make in the Land Offices,
to obtain such money as would be received > that
few entries of land were made; and that many
who lmd come from a distance to enter land, had
gone away without doing so, because the money
they had brought, though consisting of the notes
of hanks ofestablished character, could not be
rcceived. And Mr. Taylor concurs in opinion
that ihe operation of the existing system was
prejudicial to the purchasers of public lands, as
well as the citizens of the state In a joint let<
ter addressed to the Secretary,on the 18lh April
1818, by fourteen Western tWembera of Con
gress, viz tht- Hon. Joseph Desha, William H
Harrison, Uobert Moore, Henry " sldwiii, William
Hendricks, James Noble, Waller Taylor, llich
C. Anderson, Levi Barber, Thomas Speed
John W Campbell, Samuel Herrick, Peter Hitch
cock, and Philemon Beecher; these gentlemen
all concur in stating, that‘'every mail from the
west brings us the complaints and requests of
the people, on the subject ofthe pecuniary state
of our countryand tney conclude, by recom
mending, as a measure of vital importance, the
reception of such western paper of specie pay
mg banks, as were in good credit. The lion
J McLean, of Illinois, in a letter of the Slh of
June, 1819, speaking of one of the districts in
that state, makes the following vcpresentation ■
”1 am well assured from my own knowledge,
and the letters of respectable gentlemen in that
part of the country, that, if every note that will
be rcceived in payment of land, and every dol
lar of specie that is in the country, were in the
hands of those indebted to the government for
land, it wuuld be insufficient to enable more than
one-tenth man of our settlers to comply with his
engagement. 1 almost daily receive letters from
the people of .Shawneelown Land District, and
of that part of Illinois included in the Vincennes
District, stating that they are in a situation truly
distressing, and that, unless there be aome ameli
oration in the directions lo the Receivers, that
the time is but very short, until they expect to
see the little tarn, anil dwelling they have provi
ded for the support and shelter of themselves
and family, torn from them by tbe merciless ava
ricious speculator. 1 am sorry to be constrained
tu say, that ‘.heir upprescnsions are but too just
ly predicated, and that they represent facts.”.
public rtioficy nolieefed in (bat section of
ue Union* I considered the deposits
there, positively injurious' to tbe ttsnkj (or
the i.ilfbv'inj; re«*tlf^tf, ,, vifc :
“ 1st. That the Ufii’,29 had already ex
tended their discounts n Ohio sod Ren-
lucky, farther man wtS consistent with the
terest of the Bn:.*.
” 2d. Thut every dollar deposited in
them on account of the government, that
(ould not he disbursed there, would have
to be employed in discount*, or transferred
ti the Btnk in Philadelphia, or its Eastern
(Ifficos.
"3d. Thatowing to the slate of exchange,
•ansfi rs would only be mode by tbe trails*
portaiion of specie across the mountains.
"4th. That, owing to the geographical
itucky and Ohio, the public
ecnenditure would be extremely limited.
"5th. That the transportation of specie
fiom the Western to the Eastern Slates,
by the Bink, invariably had produced and
would con inue to produce, trriation in
the public mind against the Bank.”
"An additional reason for endeavoring to
make state banka io that section of the U
nion the depositories of the public money,
was to increase the receipts, by enabling
the public debtors to pay in the notes of
specie paying banks, which would not be
received by the otficers ot the bank, and
which could not be received by them, with
out increasing the collision, which it was
my desire to diminish.”
These views, it is believed, were too just
uot to meet the approbation of the distin
guished individual who presided over, and
of-lbe enlightened Board which then di*
rected the affairs of that institution. Ac
cordingly, Mr. Chevcs in his answer of the
5lh October, 1819, thus expresses himself.
“ The Board entirely coucurs with vou in
the views you take, as to the Goverrmeot
collections and deposites io the Western
states, whish they believe to be calculated
to ease the moneyed pressure on that por
tion of the country, as well as to meet the
interests of the Government, and relieve
the bank from embarrasin^ collisions with
hns become miniyncht durln.
rv’s ndiiiinisti atioa of the Tfeil
feud
of furnishing ground either nr’WTnm! or
surprize, by its magnitude^ justifies this con*
«fti«ioti. that in tins ie3(ie t, as lie trusts,
will be found the case in all others, the Sev
cretary of the Treasury luu not mismanaged
the national funds.
In conclusion, the Secretary has the honor
to state, tlmt, although it is believed that
every material charm?- contained in the
address of Mr- Edwards bus now been sa
tisfactorily explained, yet, if, in the opinion
of the committee, any further explanation
be deemed necessary, it will afford him
pleasure to give it, either personally, or in
writing.
MARRIED—On the 22d Inst, by the Rev, Mr.
Winn, Capt. Uvscan M’DotuLii to Alias Sofitij,
L ScHAIL.
DIED—In Montgomery Cottnty, Altfbams, Mr
Ctiani.es Ctuwpuiin, fbunerly of Georgia, and
brother to tlie Secretaiy of Ihe Treasury.
Mobile Cow. Heghfee
=r>
COMMEltCLlL,
From fl'iley’i JVVir Or leant Price Curreitf, May 1.
COTTON.—-The transactions this week have
been nearly the same in extent as last, owing to
the continuance of wet weather*The amount of
sales we estimate at near 4000 biles. For that of
Louisiana and Mississippi thore.has been consi.
deruble inquiry, and sales effected In the differ,
ent qualities, from fine tori:)tenor, a t our quota.
tions,4o near 2000 bales. The demand fnr Ton.
hcssve und North Alabama has not been so brisk
as the week previous, and much less dring—iiol.
ders still appear firm, (herfibre do hot a"ter our
rates, although aware of some sales at a shade less.
Wc have as yet heard of no sales in that from Mo
bile Curing the week, nor for some time previous,
lloldeta remain firm u( 15 cents for the very best
quality, and m proportion down;stock on hundfur
sale small.
tefs, in parts of tbe cbratspondence with the
Wantersand Merchants’ Bank of Huntsville.
By referring to the letters alluded to, and
which have been transmitted entire, under the
last resolution ofthe House, it will.be seen that
the parts omitted to be communicated, relate to
occurrence wholly of a temporary nature, en
tirely unimportant in itself, and having no bear-
cig whatever on (he subject of the call. It
“eems, that, after the termination of the arrange-
•Thent between the Bank ofthe Utiiled States and
,Uie liunk at Huntsville, the Cashier of the former
drew certain drafts Upon the. amount standing at
his credit in the latter bank,; These, the Bank
1ft Huntsville declined to pay, under an errone-
dus idea, that it was iiccou/itlible tp tlje Treasu-
_ ...
The Secretary is nor aware, that any other
letters on the confidential file appertain to the
objects of the present insury He submits, how
ever, such of them as are addressed to Banks,
to the examination ofthe committee. He takes
the occasion, also, to tender to the commit ee
as he did to the committee appointed under the
resolution of the 6th of February, .1823, the in
spection of. any of the records ur correspon
dence in the Department, that may be deemed
necessary to elucidate any of the matters con
nected with the inquiry.
Having disposed of all the minor topics of ac
cusation br.uight against the Set retary in M r.
Edwards’s Address, it nqw remains to notice ihe
grave charge which he has preferred of haying
mismanaged the national funds. As far as this
chai ge is founded upon the particular transac
tions winch have formed the subject of the fore
going observations,it is presumed to be sufficient
ly refuted. The only reimiininM round of charge
then is,the measure of employing the State Banks
as depositories of the public moneys lit the
Western Country, ,
The circumstances by which litis measure was
rendered necessary, and the views with, which it
was adopted under the sanction .of ■ he President
ofthe United States, have already been explained
in the Secretary’s report of the 14th Feoruary,
1822, and in his letter to the Select Committee,
of: lie 24'It February, 1823, to which'a referrence
is now requested. It may be proper however,
to refnaik, here that, throughout ti*c Western
These are letters which have presented
themselves tin a h.isty referrence to the
files of the Department’ It is well temeno-
beredj however, that numerous and earnest
personal representations were made by o-
ther gentlemen in Congress, both as to the
pecuniary distresses ot the Western coun*
try, and the necessity of a change in the
existing regulations, lit presentations like
these could nut be received with indiffer*
eoce. It is to be recollected, also, that,
at the time when this state of things ex
iBted, the debt due for public lands amoun
ted to about twenty millions of dollars : the
greatest part ot which hud been contracted
during the suspension ot specie payments.
Upon mature reflection, therefore, and wilh
the approbation of the President, it was
deemed advisable to make the arraogements
with ihe Western Banks, which are the
subject of Mr. Edwards’s condemnation.
The details of these arrangements are so
fully exhibited io the Secretary’s former
communications on the subject, that it is
not thought necessary here to explain
them.
As far as the interests of the people,
and of the Treasury, were concerned, it is
believed that those arrangements were cot
merely defensible, but commendable. As
far ss the measure affected the interest of
the B ink ofthe United States, it isbeliev*
ed to be equilly deserving of approbation.
In a letter written by the Secretary to the
President ol that ’nstitution, on the 14th
September 1819, he thus explained ihe
motives, " hich, r.s far as the Bauk was
concerned, influenced his course on the
subject,
" It bs* been my constant endeavour,
for more than twelve, months past, to pre
vent, as far as practicable, all collusion
between ihe Bank of the United Stales
and the State Banks i as far at leas»j as
that collision might be cooocctrd with
the transactions ol lh*k Department. It is
not my intention, therefore, to give drolls
upon ”»he State Banks tor public money?
without previously arranging with them
the mode ol payment.”
“ Acting upon the same principle^ I have
’endeavoured, iu the course of the preseat
year, to make arrangements with the State
Banks in the Western States, by which
they*should become the depositories of the
PORT OF SAVANNAH,
xaiiivsn.
local banking institutions. 1
It happened; however, that in three of
the places where the banks were aitutated,
with which the Secretary had made these
arrangements, branches of the Bank of the
United States were also established. By
the charter of that bank, it was the duty of
the Secretary to have stated to Congress,
at its oext session; the reasons why he haa
directed deposites of the public money to
be made io these three banks. This state
ment; through inadvertence, was not made
as the Secretary has stated in his letter of
the fi4th February, 1823. to tbe select com*
mittee of the House. But, as a full explan
ation ot the motives of these arrangements
had been made to the Bank of the United
States, whose interests it was the object of
that ptovisinn in the charter to guard, and
as that institution had approved of the ar*
rangements,and as the arrangements them'
selves had been published in various news
papers t and as the facts which were to be
reported to Congress were of general no
toriety, it is submitted, whether the Sccrc
tary could have had any motive for with
holding the" formal communication of the
information to Congress.
Of the policy of the measure adopted by
the Secretary in the employment of the
Western banka, it is presumed there can
be no doubt. That it has not been entire
ly successful, is considered to be a subject
rather of of regret titan of censure. But,
that it has been maioly beneficial, it is
thought will not be deuied by those who
candidly examine the subject in aii its
bearings. And; although very little ulti
mate loss is expected, yet, if the whole
sum now due by those banks which have
stopped payment; were to be lost; it is be
lieved that the advantages which hate re
sulted *to tbe country, will have been
cheaply purchased at that cost.
As some misuuderstanding J in respect
to the special deposites, seems to prevail
in the public mind, resulting from the mis
representations that have been made on
the subject; it may be proper to take
this occasion to remove it.
About the time that the present Secreta
ry of the Treasury took charge of that De
partment, the special.deposit amounted to
upwards of three millions of dollars, being
on the 31st of December, 1816; 83.031.459
all of which has been since converted into
cash funds, except 8291,8u3. At the date
of the Secretary’s report of th$ 27th Februa
ry, 1823, the amount of th ; special deposit
F. I. shi(’. Savannah, Beehr, N*WVnAi. JJ Ann.
o Hall ft Hoyt, owners, consij
Cohen St Miller, A Dufuure, 1
Mayers ft Hamilton, Jenny U I
T Hall, H Tupper, Johnston, I
F M Stone, J H Vick, E Willi:
O Vokes, K Reid, C Roc, H 0
don, I S Whitlock, I* Hill, Hi
O'Neel, A Evans, 8 G Dunnir
Dert, SCt/J Schenk, J W L
B Herbert if co A ft E Wood,
and J H McKenzie,
f I. ship Corsair, Porter, N<
C C Griswold, and E Williams
Campbell, G Breitmsyer u co
ston. Hills U co Butler ft Act
II Lord ft co I W Morrell, » <
F I Lay, and J Res.
F I. ship Garonne, Stevens,
to C C Griswold nnd E Williai
D ft B Foley, J ft M Pemle(
M'Kenzie, A) Cunningham, A
nesux. J W Long, and J Rea.
Byron, and Miss Jsppiet Sail
ra, for Charleston. _ -
E L ship Louisa Matilda, \
days, to Hall U Hoyt, owners
co B W DsUmater, H S Atvri
W Morrell, Geo Newhall, It I
Scranton, P Hill, I W Whitlot
zie,) Chambers, N B Weed,
Ryerson, D B Nichols ft co
Fahninfc co J Rose and S 0 :
Ship Florida, Wilson, Pbihj
Wm Gaston.
Ship Rebecca, Harris, Pros
Wm Lippitt.
Schr Lucy, Sltiverick, Nurl
to Ihe master.
Schr Franklin, Stevenson,
the Capes, to Douglass & Sur
Schr Ellen, ——, with flou
Sloop John Chevalier, Chi
days, tobucco, to Gsudry fiH(
Mrs Berriens.
Sloop Golden Age, Marbef,
days, U'tur and tobacco, to »*!
ming ft Gwuthmey.
Sloop Dispatch, Fiuncy, B<
S Goff.
Sloop Mary Jane, Msrcellir
to the master.
Sloop Delight, Cooper, hef
Schr Retrieve, Tefft, hencs
inst.
Packet brig Sophronia, J
port at New York, 14th inst
ton Plant, Fash, do do to sail
Ship Augusta, VanDyke, h<
inst. 6 daysj brig Pantiles, Ot
in 5 days.
may 24
121
Te
For Charlt
The
MAI
Will have di*
passage, apply to the master
whar, or to
may 24 21
C
was 8927,L 7, including the 8291,803 a- - m , , , nr j me Mus
bovementioned. Of this sum of 8927.107 100 bt>ls P rime iVAUS
about 864y'00 have sine been paid * Hence
it appears, that of the w hole sum now on
special deposit, only about 571,000 dollars
including the sum due by the defaulting
Western Banks, having become special du
ring the present Secretary’s administration
o? tv-d Fai meut. When it is considered
that this embraces a period of about 7 years,
during which great disorders have existed,&
a great revolution has been effected in the
currency and during which, upwards of one
hundred and 63 millions of dollars have been
paid into the Treasury, exclusive of loans
and Treasury notes; and that of this sum,
upwards of twenty one millions and a half
of dollars having been received, from the
sale of lands, and internal duties and taxes,
must have been collected in those portions
of the country, where the greatest disorders
existed; when these circumstances are con-
sidered, it is believed that the sum which
dj* We are unavoidably o
many advertisements to-day
the remainder of Mr. Crat
morrow they shall be attend*
By J. B. fieri
TO MOnROW 25th ini
Will be told on Tel
LOST
T HIS MORNING, a Gold
latter with letters W. It
the finder by leaving them a
suitably rewarded,
may 24 121
♦ This sum consists of 35,220 76 received from
the Miami Exporting Company. 818,72640 from
ih ; Hank of Huntsville, nnd 840,943 38 in dis
charge of the debt due by tbe Branch Bank of
Kentucky, at Louisville.
It is believed,however, that it will now be pro
per to include in the special deposite the sum due
by the Bank of Columbia, anounting to 8278
381 87. of this sum. all but 840,000 were special
when th- present Secreta:y came into the Tre -
sury and was placed in this bank for the purpose
of being converted into cash funds, as stated in
the Secrfetavy’s report ofthe 14th of February
1822, H ving .fleetedthis object, the bank is
not now in a condition to refund the money, but
n arrangement halt been made, by which the
pa- ntent of it, with interest, has bctjn it i« be-
ieveff, well seen rd-
HONE
J UST received per the *hi
sale by the gallon by ^
Druggis
may 24 z.121
HAM
OAAA lrs sm811 M
oUUU reed from Nc
lot* to suit purchasers by
may 24
nl2l
SVAttu 1 * Yi
J UST received per Ship ]
Panacea prepared by j
Philadelphia, who has app<
. Itiladelphia,
Agent for Savonnah and its
cea willbe sold at the redtt
per Bottle, or #24 per doze
r ,k WM.G.0
ms.? 94 i, - 121