Savannah republican. (Savannah, Ga.) 1824-1829, July 02, 1824, Image 3

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a >|iC- I a tli*' I C4l>| It 101 r Itil lent. I isa|i- I , m taint I hnrfl jnenot-^f a Vjftpctul JcflosUc matte in bank* 1 ri Bank, nnd'which had been received by it > ji-g iiitjiitnUAn'8» 1 - a ■ '$forilie United Stale*', -tint h should be pay-11 A. None upon that of the principal I Question by Mr Forsyth As the Pres) > M ,, tr . , , i i' j", "-3Er I bank ; hut upon that tif ifau’ hlanrhi-R, and dent «d the Bank, WUlId you not have ptti- Ansvtpr. l hat wiil depend on the cus able at Louisville in Kentucky, in Tonnes other Tennessee paper, it has fluctuated lernl advancing in current notes with the tom ofthe place, or the usage oFthc bank sec bank pape> : and that, upon tlto receipt frorrr ten to twenty-five per cent. government bound to pay the dralt to its wlicrc the deposite is mfjtle. A special of such draft, the Stale Bank ut Knoxville Q What were notes on the branches having been paid punctually and your be- deposite is not u very definite term. A should place to fhe credit of the Treasurer of tnc Knox ille Banks worth at that time ? ing bound to pay in sprcii ? />-, \ piece of blank paper said to contain a thou 1 of the United States a like sum as specie, A. I cannot recollect at that particular A. I would have preferred that'the pay- sand dollars, may be a special deposite ; as which would be drawn for as the Govern- time. The depreciation taken lor a series ment of the bill should have been made may be a bundle of notes left at a bank *■ . nient might have occasion to use it, in that of years was from ten to twenty-five per when I was at Louisville, and that the collection or safe-keeping. Stint oanks quarter of the country. On the receipt of cent, as before stated, in East Tenncsse ; transaction should have gone on as original- receive a special deposite paper issued by tt,i s letter, he was answered that we could in West Tennessee the discount has been ly intended, because we would then have ,other banks in thc.same state, or in other not agree to such an arrangement; that, as sometimes higher. been as able as we ever may be to tilt our aiates, and which is repaid by the bank re- ; 0 the amount of Tennessee paper upon Q. Did not the pensioners received from paper, and as I never expected more from cetvtpg tt in the same bills as those in the bank of the state of Tennessee and its ten to twenty percent, less than if they had the government than payment at our Bank which it was deposited-or in bills of banks branches, wc were willing to accept such received specie? in the same ktnd of money specified in the previously designated. I should consider draft on the Missouri Bank upon the terms A. The money in which they were paid face of the druft; but at the same time felt as special deposite that which did not mix proposed in his letter: that, as to other was of the kind which was at the discount a confidence that the government would nor mingle with the general circulation ot Tennessee paper, that did not belong to the before stated. cause us to be paid in such funds at our thcbjtnk. ... state bank or its branches, we could not a Question by Mr Taylor. At the time own place—-It could make but little differ* Q. A rc special deposites ever made KPee t0 receive it. In pursuance^! this air. that t.«ese payments were made at the Bank cnee, as most of the pensioners were very unit tin inioo tided ough I vuraJ : Mr. .a the to «■ nee* ile » Liietn- ithing if the, d eon if |M n oh' unmiH to tM un»w Otlirf wlii'-h re * Ibesti - Ii*i vatji.; e Qj» The Subscribers to the liinnef Vu t! \ by the Srv. nhah Volunteer Guards, "*■ tlu- 3 .it Jitly are notified tintickets tan bd hud by ^ppHi' cation to either tu the Con.n.iilee, N.J .BAYARD, FU.NUIS ULOIS, . a it, Vi.k.h, • WMO. CUTtl ulillT, JUHN O STrtUU. ' ‘ , T, ', orurr.Vtee, NA'l IDNAI, SMtVBBh Mi V. Subscribers to the Citizen's Din u r on the The Subscribers 1 5th of j ■ ily can obtain their Tickets by applying to Miller cjf 1),uney at the City Hotel. . tLj* The Letter Bi| H fhe ship linuty, lor Li verpool will be taken from the counting room of the aububiibcrs THIS EVENING, at 7 oV-loc-. •MSDKEW LUW Ci GO. juiy 3 146 |T ■ i. »vvpm 6 .— me uattn oi :vussoun, payaoio ai me piaco sioou us a specie creau; uui tve ..... Mote generally, there would be a label on nnd in the descriptions of notes agreed upon, that it was more than balanced by the dralt this observation without feeling that the outside, specifying the contents of the j think the amount was placed to tne credit unpaid; and we held the Treasury responsi- question was intended to doubt our intc bundle, box, fee. deposited. It may be Q f the Treasurer of the United States, im- ble for the amount of that draft. rity. Id- L- vYIiiTE. poled nv the memorandum book oi the mediately after receiving the draft. We Question, by Mr, Webster- Inothor trans- r'ntthlPPx lint flnrti nr\t f'ltlnn inin iko i • .< >i tl ' 1 H • *' V»»v ,q ztf46 Cashier, but docs not enter actions or records of the bank is ofien deposited in this manner, and valuable articles. In one ibanks,I haV« now a deposite o «*i|Hion. • 1 posed a resonable time, to allow the Mis- the tlrafl was drawn was specie we paid it "![ Atexanur Q. When deposites are made for safe S g Ur i Bank to have the money atLouisville, in that—if desired. If the fund was other .. , asuv y'. keeping, is it ever understood that the bank 1 ^here the draft was to be paid, I went, and than specie, we did not pay specie. thinlLmk' ■is allowed to trade upon them as. its own^ t 00 k a young man with me, to receive the Question, by Mr Edwards. In crediting Bank ami funds i •, I money. For form's sake,^lio draft was the draft from *he Treasury*jfip your favor, waited on the Secretary of the Treasury, nnd h* tt jn A. Never, I believe. Some of the banks. transferred to the. I went to Louisville, was the word “ cash ” used: loaned, stone time, fti7,ouu ; at Another, g^o.uuo, DHUGr A I s in Louisville be Answer. I cannot remember. The intent 'll® K regular moiiti.ly meet- S ivann:,h Sabbath Stbo< I .'IVafehtrn- - held this evening hi 8 o’c'eck, u\ Cooper’s Tree School Biijldmgt. Charles muktirk. Secretary. jnly .** 146 ,, ^ * Corn JLjlout. BUSHBLS Uiiltinvire white,'Corn Jjthe,cargo of»he Schr Barr.-icoa, ,toV sale iu usrceib to accommudutv p- irrhaseis r.pnty to til-lU V F\I,MH'9. Exchange boctji. .WWi 'JPhe Uubaariber, ’’ Anrwtr. In January, 18)9,1 was President of TjrAVINtt purch:i£cd tlv s.ocU belonging to the at Bank. At that time, there was a run on that J" jLlate concern of Messrs l’ouyat & HoV.arnl, in» link and the Hank was nitith embarrassed l forms bis friends and the public that he iia>i.peu« • I f I il... 'I'p/iii-iihi, nawl Kn . . * in Massachusetts keep accounts in lwoi (an d no particular place kinrHi n mnnftV ! Ilnv^rm nmnnu 4Vi«v rvnm. ' . . » • .1 ^ kinds of money; Boston money, for exam pic, and foreign money; which latter tneanB bills of banks located out ofthe city. If a sum is deposited, repayable in foreign mo ney, the banks designate on a list, general ly posted in the banking house, a certain number of batiks whose bills they will re- ceive as “foreign money,” which money they use; and it they repay the sum depos ited in the bills of these banks, (hey .deem the contract fuifiled. If any one of these banks becomes insolvent previous to the payment, it is my opinion tliat the. bank re ceiving its bills runs the risk of the loss thence accruing. Q When a deposite is made of foreign money, or such as is not received as gen eral deposite, but subject to .be refunded to the depositor in paper of a similar kind to that, deposited; if paper of a similar kind, at the time of making the deposite, should afterwards depreciate in value, would the depositor be bound to receive it in itsdepre dated state, in payment of such deposite? A. I should say yes to a question thus specific; but I do not know whether, strict ly considered, the notes of different banks can be viewed as precisely similar. If the bank specifics beforehand in what tnioncy it will repay, it is a special contract, and the depositor must abidb by his own agree ment. Iiut^ if one of the banks in whost- E lbe deposite is agreed to be repaid. ibsequently failed, the bank receiving the deposite would no*, in my opinion, be authorised to repay the deposite in the rotes ol such bank as bad thus failed.— 'What r ue of depreciation would justify a bank ip offering to pay, or a depositor in refusing to receive, deptecialcd, notes, 1 Canmg state Q. Where money of any description is deposited in any bunk, and is mingled with the funds of such bank generally, and tlie bank uses it in its general transactions is not 6uch bank always considered liable to pay the amount in legal money to the de positor t A I should consider the bank liable, if the deposite is received and credited as general deposite Questions by Mr. Weis‘er. Q By a general deposite, you under stand a deposite to be credited as cash in .account ? A- Yes. ' Q By a special deposite,'you understand adeposite for safe keeping merely ? A. Yes; or a deposite on particular’con ditioiix . , ‘ %h Q- If there be a deposite of an interme ciate character between a general deposite and a deposite for safe-keeping, wtiere, though the particular notes deposited may be used or put in circulation by the bank, yet the bank is not answerable for the amount in cash : do the rights of the par ties, in such case, depend mainly on their contractor agreement? or is there any general bank usage which would govern the case ? A. I know of no established usage. The conditions of the deposite are indicated by the terms prescribed by the bank lrom time to time, which are frequently varied, by it according to its sense of.its own inter: est. &ND MEDICINE STORE* tng specified in the draft where tho money was to credit it as cash. A deposite, when J"offormerlrana by the m gol comprising all the article* mihst line, and is in was to be paid,) I went to the Branch Bank nothing is 3atd to the contrary, is considered vernment, in an hour oi it* necessity He replied, i daily expectation uf receiving an addition^ aupply therc. I found no funds provided to meet by us as being-payable in cash,if demanded, that lie would consult ike President ofthe United } which will render his assortment complete, mpi the draft: and after waiting a few days We viewed special deposite of certain States, and let tne know the retulti Hint, when 1 < which ho offers for side, Wholesale or, Retail, «t -i,b. a . ***.**,«*, ***«.« »t>-r affmSfefeg’ra, tafcagBn;:r!i: induced me to think a lunger delay would tx these mdentical notes, but only similar „ t h e other Banks of the Dictrict, and gave me a V ue Exchange. be useful. I had thedraft protested, a copy notes, or such as the depositor would be as dra ft ont i, e Bank of Alexandria for 5517000.,This | a. DE LAROCHE, of the Drotcst forwarded to the drawer, with j well satisfied with. wa* on or about the 12th of January On or about J July 3 i.i4« such notice as would make him responsible, Q Did you receive deposites fmm the the 23d of the same month, t cuiledonhim agun . Summer ider, ce .«! mim* .» Knoxville. Soon. ,im. W .£.... , „ hoc. . or deposite*, to relieve and aid the Hunk. I con-1 Mf^nkthe house he now occupies ur,til the f*t A. That draft never was included in the Unued President ofthe Bank a few week*, and, t B* « • Nov next It is Siiu'.id up*,,, the Smith arrangement before spoken of, and nothing soon after I leftit, it stopped specie payment i*» r i JUJUa Common j and hsauccufouou very plea- has been received, by us, upon it, and, if a time, •ometime aboutUte middle of March| j , an t ami healthy. , on our books, I don't Q Has the Bank refold any oi these! afterwards, 1 think in the same year, a let ter was received from the Cashier ofUnited States* Bank, stating that a bundle, said to contain the 40,156 dollars, had been for warded, and left there by the Missouri i it ever was credited, WUIUUUt UUU UI13IU uy inw mioaoM.s-iv o.vo.svui WH vvv..., - ' * Bank, ior tho purpose of lifting this draft; | remember it. That Bank is, however, aL loans« but us we had the trouble and expense oiisnecie-payl-ig bank,as I have understood ■ «* * •■= W 3 a146 ED. HARDEN. but us we had the trouble and expense oi j specie-pay l ig bank,us I have understood i ® going once to receive it, ,we took no notice and believe. books ol this communication, and wished to have j Question, by Mr Edwards. VVas the appears to have been^repaid A . bur Sale. LIGHT and handaomt Philadclpiiia built Carriage nearly pew. witu hann .u, kc. fort Ba,,l ‘ recci,eJ “ jAfSuLr/sSC. “"til us I the expense and risk ofthe Missouri Bank. jyo.'r'Bank? ■ • „ , — „ r» T,viui,v_h„t We were content with the paper, and ready,| 1 Answer We never had a draft on the i tuuLreeed on to receive it, at any time. Thus matters Bank ot Huntsville. The paper of that understood he was much engdgtged, on , y hettet* than our Saturday,in receiving visits oi Members s beard that the Missouri Bank is esteemed rather better than our Saturday, ni receiving visits oi . I advistd that the Knox- own Branch notes, and we have, until long I or Congress, I ca led Id again send to get this after this transaction, made no distinction when 1 received the Eli,000. stood, unti} we Bank had failed vilie Bank should again money. This was in the winter or 1821 As soon as they could make the arrange believe, between it and what is called, by us, current - in tll , l ennessee paper. 1 an y deposites made, by govei nment.tn Hi A mentj they sent on and received the money Q Was the notice ot the protest, at Bank, previously to those you have now at Louisville early in the year 1822. 1 un Louisville, forwarded to the Treasury? spoken oi t derstood that the whole amount oi 840,156. A I do not recollect, tather than that I Answer. I beie were not, was received in the notes of the Knoxville Bank and its branches. In the meanwhile, the Treasury continued to draw Knoxville Bank, and, as President, --ynjrr rTo led the Cashier not to pay cash.for Theae Serretary. 1 drafts, but, if current mpnev would beta Q. When you received the draft, did you Law J\otice. T HE undersigned having lormeil a connection in tlie practice ofthe law, will attend <o ca- on Monday, »es in all the Courts oi the Flint Circuits, and in n * tbeadjmmngcouniieS'iftlieOcmnlg-ea'dSoulk- '•’* * w ern Circuits. OLIVERH. FllINCE, Question, by Mr. l’orsylh. Were there kdwahdI). TR4CY, Reference in Savannah to C W ltucxwti.1, U Co, Macon, June 4,1824. july 3 146 JIUMEi) RUNAWAYS. or Williarf, who the last summer atTy- iH, and sold by the tnuntha sine-, enm- ry on Sunday 27th June last. He stole file musics cloth* and armed entner taut hv the himself with a pair of Horsemans Pistol*. He had ken, to make advances in it, though the credit the amount to the Treasury? ' Rev.^ir.'wii’^^'r^hmBTcoAis, to Uks l*m»- money was not yet received for thedmft, A. Yes, as I now believe. ^ 1 hat, I thtnk,. 0JLL . hksxkh. all of Una city. under a'beliefthat, ultiniatelyi the Secreta- >was our understanding oi the agieementi died—.in SJtjlke'i c,6unty» oa the 24th ult. Col. be brought to justice—all Mugiststes nre reques t*y would cause the amount of the draft to and I suppose and believe wo complied , 0 h* Gmaves, aged 77 year?. , to arrest any while person,who may claim or har. be paid to our bank. with that part of it My impression was, that when the Mis- Question, by Mr Webster. Did you in souri Bank bad received these notes, the form the Treasurer that you did not pay banks were all paying specie, but that at- his drafts in specie but in your own bills, terwards the branches had ceased to do so. A. I have no recollection of making any Mr Crawford on that SHIP NEWS. s bor him that the law against negro stealing may. ' be enforced. Will i* about S feet 8 innhen— about 40 years of age, earnest and plmisible, in ” bis speech—he Mole among other articles and had on when lie absconded a pair of striped blue pan taloons and jacket, and a fur travelling cao. He PORT OF SAVANNAH. AEBirru, ' taloona and jacket, and a tur travelling i_ . — Schr Panope, Norris; Charleston, 1 day, to 5 H RfM j r,-, s associate* may attempt to pass through No. 1, State House square, Charleston, So. Ca. July l6t, 1824. g july 3 i 46 sons wlty the money was not ready for us at paid The first information wo got was from Mr communication to Mr — - r — - .. - _ .. . - - - Corliran, Cn.liier or the M. M of nnbjnrt. . Th. Cnnbinr man, h.,o K ,v.n ~ y n •"5^^ the Undcd States at Louiaville, that'the suclt notice—but I do not know that he djd corn> ^ t0 a Wade, Hall & Hoyt, Gumming fit — - - -- money was ready for us, and was in the I gave him no otders to do so; and thinx, (i Wft ttimey f and Douglaus M Sorrell, same summer, viz. of 1820, as I believe, if he had done so, I should have known it. Cominoup. a brig said u. be the Pamhea fm but cannot be certain. I never exchanged Question, by Mr Edwards. Do you be- N York, or a line with the Missouri Bank, nor vecetv- lieve that any_ one pensioner would have ; ghi _ . iun0i Miltitnore lor New York. Passen- ed a line from it, according to my best re- taken your bills, if he had supposed h e ' f , er8 J. Mr# Boardman, Rev Mr rnyce,W Scott,Wm collection. The mail from St. Louis to could get specie? c Taylor, S U Hamilton, H i) Weed, A A D en , Knoxville was at that time tedious, and not a Doubtldss he would have preferred alow,Blackwood, Tenejck, Gdihrd, Neviu. very regular. I am yet ignorant bf the rea- specie to any of the bills in which he war Jiy J IS. Herbert $ Co On the flrjjgtfWaday in My next. Will be tohl before the Court Howe, A Prime Negro Boy, twenty five years old, first ra'e ti ••(, hand june 29 143 Sale at 10 o'clock Eagle, Vincent, St Marys, The Bhlp Savannah, got to sea yesterday morn- ing- . anuived from thus vobt, At Darien, schr Stephen Decatur, Meads; sloop Favorite, Couter. Louisville. I had no reason to doubt, W Question by Mr Forsyth on the Fart of have I now, that the Treasury did ail that Mr Crawford. Did you hold the U, States was reasonable towards notifying all parties responsible for the amount of its draft on concerned of having given the draft. The the Bank of Missouri? amount of notes on the principal Bank it- ; A Yes, self, was small in comparison to that on its Q. How then did you refuse to pay in branches. specie? ...... I understood that thedarft f>r 840,156 A, We thought that, as the money for n d B y 8 , M was a mode of transfer fiom one bank t- the draft had never been paid to us, it was ■ Schr Decatur, Hill, for Darien, cleared at New another, for the parpose of having placed a just interpretation o f the agreemem that \ork, 22d p(m THI| MBT By Calvin Baker. On the firs - IVtsdav it, July,a. 11 o’clock, Will be toW in front of the Court Howe in this, City .... V A Nt gro Fellow, At Ne’w’YorV^lst alt sloop Three Brothers,! about twenty two years uf age capable, of doing any kind of work. Abo,. Howland, 8 day*' ,. - At Providence 20th ult brig Sophronis.fennmgs to the credit of the United Slates as cash we should not pay in any thing till we re or generai deposite this sum which the ceived the proceeds of the draft; but pre- Banks of Missouri could not transfer to fered adva nciny in such funds as we could to the Bank of the United States. We spare, to having the drafts protested, paid creditors ot the United States who Question, by Mr Edwards. When you presented drafts in current bill?, though . received the amount ol the draft, was it not not in specie and there were no compliants chiefly in notes of your, branches* at the tithe, of which I have at present any A. 1 understood so—but have no pet-son- recollection. We did not pay the specie, ai knowledge, as I was not then in iknox- Q Is your knowledge of bank usage 1 b ecau8e the fund had not been received up •* vilie.. , *’ confined principally to that prevailing in i on the foundation of which we had agreed to j Q. Had not most, or all, these branches (ku -P. I A . I it _ _ * - ? ' ^ J. -1 _ _ _ 2* ; . ... ■ a • .1 2a ■» /InA Ira 1 a t/.n nnu m Pfll? . 0 JAM F.S LLOYD to this transaction, until the fond for which Hugh L White sworn, at the request o/ we hod Agreed to pay it should be paid to Mr Edwards , us. ' _ .. , „ Question by Mr Edwards—Have you Questionby Mr Edwards. I want to know ■ony, i ecollection of the sum of .forty thou- the character of Mr Lee, whose report is ,rsand one hundred and filly six dollars oi in my hands? . notes on the B.mk of Tennessee and its A I have seen that report. Mr Lcetsa branches which was directed to be trans man oi the utmost integrity; and it u,ttt | ierred by the Bank of Missouri to the port varies from my statement as to uus branch bank of Louisville, and whfob was transaction, it is more to be relied on man to be subject to the drafts of the Tre .surer ray own statement, which is from memory, in I’avdr of the Bunk of Tennessee ? without the the same means of being cor- Answer. I think it proper to slate to rcct which Mr Lee had. the committee that my memory of the Q. Was a part oi the money di p M trankaction is not’ to be entirely depended to be suffered to remain in the ua x on, as it took place several years since, and . A. The Treasury was to draw out foe laieily, my minS iias been so much taken money only as the vvants ot the g^ up with other concerns, that I may not ,re ment required; something may nav ... _ —l _ * <a if uiAtt to remain m sion is, that when ed in the Bank of Missouri, the Banks all paid specie. 1’hts answer is given, how ever, upon the presumption that the Mis souri Bank had received them as thpy re presented to foe Secretary. How that fact was, I, uf course, do npt know. Q. What means has a Director of know ing from what persons a 6um, say of 810b At New York 23d ult- ship Garonne, Steven*. ijjj: fi»t m 7 . vxiawiuru a reucr, me suosiance vi uianiui •. Wluch wasi that he proposed to give (he ting.upon th... . ^ art k at Knoxville a draft on the Bank of can state from ptetpory merely, Missouri for the" whole amount of Tehnes j!, 0- °-‘ I ou ^ .? we I>a^r thett b) the lupds ol the Mwsoqrjpet J ooo, found in Bank, and received,in a se ries ol months, has been so received? A. I can only speak as to the rules of the Bunk to which I have belonged. As to tlie rules of others, I could only Bpeak from information. By the' rules ot ours, the President, Cashier, &tc. can inspect all accounts of every person whatever; but no individual Director has such potyblj but the Board bf Directors, if they efiuse, have as much right as any of the individual of ficers* to examine any all accounts; |»ut any information thus acquired would be confi dential, ancMs intended to prevent any im proper conduct, and to enable the Directors and officers to dildiarge their respective duties, L))he publtcj iipl ^ iu^vitlua^ Cavalry Orders. :\ SAVANNAH,June! rpHE Corps pf Georpia Hussars wi L on their Parade Ground ON MONDAY NEXT, the 5yh of July, at 5 o’clock, A- M.itvf completely, armed and equipped, art rounds blank cartridge, to celebrate versary of American Independence. A Negro Woman, about 30 years of age, a good cuok, washer and ironer. Term* Cash. amo, . A House opposite the Stable of l Geo Millen, 30 by 40 feet, with the un- i expired lease of ten years, subject to ft [ground sent ofJS7S per tnnym. . Term* Cash, ’ UIO. ac.;- ,L[iv. .»i.i<.g^iue on By order Capt. Stiles. H. KIRBY, 1st Serg’t G. H. 143 . • , jiinp'29 . - u—-b uus J that.day will please to attend to the same on too •*$»***-, *. ]. UAItSHAL^.' , , . ,'7N . Cashier. ■ mrjtJMM VOLUffTEEB. GUARDS, mHE Corps wiil assemble at its usual Parade Ground, at five o’clock, A. M. precisely, ON MONDAY, ■ the 5th of July, for the purpose oi celebrating the Anniversary ot our National Independence.- I tie members will te completely equipped and provi ded with six round* of b'unk cartridges each. _ The corps Will, after firing a, salute, be dismiss ed—-And w ill sffsin assemble, with side arms alone, at its ground at eleven o’clock precisely, tor tne purpose of uniting in procession, with the citizens. °UElNEMAKN k Firfi Serg’t S. V, G. june 8^ 143 July t 145 Bank State of Georgia. Sav * shah, July 11824 TYTOTICE—This Bank will be closed on Monday Is next, the 5th inst- therefore, Rills and Notes falling due On that day, must be taken,upon S.U,,d»y,h. july 1 .145 ROST QFFIOE NOTICE-,, (CT The post Gffice will, until tlie first Novem-. bernext, be closed from one W toree o dock, v. «• -■ . . ■ . ■ july v w .; ;