paSffisfiBfei iftr^ *

r$»

M:

&

Merino Shawls. N additional supply of the above arti-cles, just received ufid?tforsBle cheap

bjt -WILLIAM MILfORD & CO* November 20. . • - 5T5

""" " T l H S i ) A ¥ RECEIVED «

OLD STAND, ,„ i f ISewxa-Street,

JMi'w-wbscriber has this dav received Sftauvopehed, 100 Sup<T MERINO and UBET WOC»L SHAWtSand HKFSv; jf&bBlk.iialiat» Sji*», Sarsanets & Hkfs, n/ii j&$Eeinen's soper Cheifgreux Gloves;

Super Gauzei Bonnet and Ca^ 'Ribands ; • '.,'.%i \ •'•• ALSO,

,. 6 b»je» Domestic Sheetings and Tickings! ,;gliha«. Superior jSogfish Island Molasses;

• Shhds. and boxes Brown Sugar; : TEA&, C Q F f E E , & c . &c.

^Vhichitt^ddifion to a large assortment of jgood* receavect in September and October pait>;raakes his assortment very general and itW$$lst,t£ ( j i * His stock of GROCERIES stiWjVier ijhotice and will be found" equal, if not mq&jrM? to any in the market, and. all of which < fiH be soW at cheap if not cheaper than any

-Jnthe. country. , , , . . , . ^ *. „» . THOMAS WIGKHAM*

Geneva,. November 20. " 75

Hew A Fashionable Millinery Opposite the Mansion House, Seneca-afc

Wit18-3 GAftJUSOIT llUS .JLf JL just returned from New-York with a very gen­eral assortment of the m.Ost fashiondbh MILLINERY. Among*whicb are a variety of Winter BONNETS, of ,the'Iate"st Fashions; SILK

VELVETS; India SATINS and SILKS for Dresses; a splendid assortment of FEA­T H E R S , ^ L O W E R S , RIBANDS, Black LACES,"Sewing Silk; Blond and Barege VEILS; Swansdown Trimmings; Fluted and Plain LACKS, &C. &e;'" - * <0

Just received from ther t;ity -an excellent FLUTING MACHINE, of an improved pattern.. Laces quilled to order. Millhiers supplied on reasonable terms,

MARY ALLEN, ANN GARRISON,

Seneca-st. Geneva. Nov. 6, 1833. ' 73

''jpyBUFUjOEMf, tih -rANUFACTUREDby SSTDER & Co.

_ i New-York, to. whom have been iiward-«d, for the laist three years, the JPreiniuras of the American Institute for the boat speci-jnens ever produced in this country of most of the following articles J— r, >. WATERS.—Cologne, Lavender, Florida JVater, and Honey Waters—the last pecu-•liarly,. adapted to the season.

** EXTRACTS.-—Bignoia Chelonoides; Dah-Jia; Millingtonia Horteusis; and Camellia ^Japonic;).

FAWCV SOAPS—A great variety, delight­fully perfumed.

. Brown Windsor Soap; Wash Balls; Pres-,toh,SmeUing SALTS. f..-BEARS' OIL, for promoting the growth, luxuriance, and beauty of the Hair. J SHAVIJVG SOAPS.—-Naples Compound Shaving -Cake, converted into' a solid from .the. celebrated Naples Soap; Oil of Soap,

. tin excellent and convenient article for Shav-4Mfc»v^EfesSoap,genuine; Cream-of Soap, •uperipr to the celebrated Naples Soap in Its composition, being inade of much filler materials, and; having the peculiar properties of that Soap to. a greater degree. . , 'tpOTaPowBSMajT-Antiscorbutic Vegeta-f t e J T G Q T H POWDER, for cleansing, -J^Iutifying and' preserving the. Teeth and

~3GJIIHS; Areca Tooth Powder, a pure levi-* igated'preparation of the beetle nut, possess­ing iighlyr-advantageoiis antiseptic proper-ie» for preserving and beautifying the Teeth; Cjunphorated Chlorine Tooth Paste.

«'_" \ ' ; . : . . — • = - - — • : • •

!i;iiri8tma« and Hew-Year's ,",;.'» .. &MESEJYTS.

«,A • LARGE and well selected assortment . • A . of Christmas and New-Year's Presents ifbr sale low, at the Geneva Recess, No. 7, Seneca^street. H. A. NAGLEE.'

. - Geniva, Dee. 2, 1833: 77

' • JUI8S E. TIIIIP

INFORMS the Ladies of Geneva and its vicinity, that she, has just returned from

New-York, with "a variety of Fashionable- MILLI­NER Y, comprising the F A L L and W I N T E R Fashions; Colored VEL­VETS ; Winter FLOW­ERS, &e.

She respectfully solicits a share of public patronage.

Geneva, Nov. 6, 1833.. 73

JYatitirihl portrait Gallery.

JUST received at the Bookstore of the subscribers^ No. C, of this- beautiful

work, containing portraits of Brig. Gen. An­thony AVayne, Hon. Edward Livingston, and Col. John Trumbull. Also, a few complete copies, as far as published. New subscribers will be supplied from the commencement. All who can afford the expense, should avail themselves of this opportunity-of procuring for the trifling sum of $6, correct Portraits and Biographical Sketches of all the Presi­dents of the United States, and the follow­ing distinguished individuals: Ch'n.'CarroUorOnrroUton, John Marshall, (i. Juat. U. F. ThosL Macdonoucln V. 8. N. I.ewis Cass, Sect'ty of War, Samuel Latham MJIoUUl, William Wirt, Mv «ea-l. Putnam, V. S. A. Dan!. 1). Tompkins, lateV. P. H>» C. M. Seilgewick,

F, Oiney's Geography,

OR Sale at the bookstore of Bogcrts &k Wynkoopi^by the dozen or single.

Not;. 13. . x '

'• jromcE. | HE subscriber, having some time since -purchased of JAMES SWEKT his Stock

«f BOOTS, SHOES, LEATHER, &c, now offers the same to the public, on as good terms as can be-pnrchased'Wsewhere', at his «4«i>d on Main-street.

N.B. TJtie HARNESS Business contin-ued by the subscriber as usual. Good worit-tnep,-employed'in both of the above branch-Mti and Repairing done on short notice. . i GEORGE COON.

Gtneva, Bee. 4; 1833. • 77

Mnj ^ n . *Vm. Moultrie, MnJ. fion. Alex. Macomb, Joel Barlow, X. Roinpyii Beck, M. D. Ocncrtd Brown, Commodore Chauncej, Dewill Cliuton, J. Feiinimove Cooper, CommoJore-^iue, Chief Jtislice Ewinj, Gencral-Grccno, Kobort Y. Hayuo, Cul. Howard, Washington Irving, Hon. Josiah Johnson, General Knox,

Col. Williams;

Henry Clay, Maj. Gen. Anthony Wayne,

'Edward Livingston,' Col.' J.Trumbuiii V.A. A.F.A. Louis Mcl^ine, a Gen. Morgan? iiutlley ItuKay, CoL Aaron ^gden, ^ComhiodocFrt'T ry, Timothy Pickering, Governor Bhciby, Chier Jystice Shippcn, Gilbert Slnavt, Mis. Goorue Washington, Unnlt'l Webster, Nonh Wblater, Rullev. Bisliop White,

- , V. S. E. The Portraits are elegantly engraved on

steel plates, and are of suitable siae forfram-ing. The Numbers will be furnished to sub­scribers at the Bookstore of B. & W. as soon as published, free of postage or other ex­pense. . BOGERTS & WYNKOOP,

Nov. 13. " Agents for the Publishers.

Kirkham's Crramuiar, Y the dozen or single, for sale as above at the Geneva Bookstore.

'^HE ninth revised edition, with addit­ions and improveme/J'ts. A new and

large supply just received and for sale, by the dozen & single. Also; APPENDIX to Musica Sacra.

BOGERTS & WYNKOOP. November 20.

K E P O K T

Qf the/Secretary* <?f the] Tnasufy, imihz Removal of fhe Public Deposites from the Bank of the United States—made to both Houses of Congress, Decem­ber 4 , 1833.—Continued from 1st page.

TEIEASURY DEPARTMENT, ? ,„_ . dbeceniber [id, 1633. S

J t is obvious,- thaifthe interests of the coun­try would not be" promoted, by permitting the deposites of .the public money to con­tinue in the 'Ifcmlj, until its charter expired* Judging from/ihe-past, it is highly probable thtu'fhCy wihSlways amount to several mil^ lions of dollars. It wotild evidently produce serious inconvenience, if such a large sum were left in possession of the Bank until the last moment of its existence, and then be suddenly withdrawn,- when its immense cir­culation is returning upon it, to be redeem­ed, and its private depositors removing their funds into other institutions. The ability of the Bank, under such circumstances, to be prompt in its payments to Government; may be well'doubted, even if the ultimate safety Of the deposites could be relied upon. Be­sides, the principal circulating medium now in the hands of the people, and the one most commonly used in the exchanges between distant; places, consists of the netes of the Bank of the U..S:and' Us numerous branches. The sudden withdrawal of the present amount of circulation, or its sudden depreciation, be­fore any other sound and conyenient curren­cy was substituted for it, would certainly pro­duce extensive evils, and be sensibly felt among all classes of society.

•It is well .understood.that the superior credit heretofore enjoyed by the notes of the Bank of the U. S. was'wot founded on any particular confidence in its management or solidityj It was occasioned altogether by the agreement on" behalf of the public in the act of incorporation, to receive them in all payments to the U. States; and it wa§ this pledgei on the part of the Government which gave general currency to the notes payable at remote branches. The same engagement in favor of apy other monied institution, would1 give its notes equal credit, and make them equally convenient for the purposes of commerce. But this obligation on the part of the United States .will ctase.on the 3d of March, 183G^when the charter expires ! and as soon as-this happens, all the outftanding notes of the Bank wiiriose the peculiar val­ue they now possess, and the notes payable at. distant places become as much depreciat­ed as the notes of local banks. *And if, in the mean time, no other currency is substituted in its place, by common consent, it is easy to

j"foresee • the extent of the embarrassment which would* be caused by the su'dden de­rangement of the circulating medium. It would be too late at that time, to provide a substitute, which would ward off the evil.— The notes of the Bank of the U. S.. in circu­lation on the 2d of September last, which was the date of the" latest return before me when theorder/orremoval was given,amount-ed to $18$H3,287 07, scattered in every part of the U. States. And if a> safe and sound currency were immediately provided, on the termination of the charter, to take the place of these notes, it would still require time, to bring it into general use, and, in the interim, the people would be subjected to all the in­conveniences and losses which necessarily arise from an unsound state of the currency. The evil would be so great and the distress so general) that it might even .compel. Con­gress, against its Wishes, to re-charter the Bank: and .perhaps more effectual means could hardly be devised, for insuring the re­newal of the charter. It is evident that a state of things so much to be deprecated can

not-rriorHhan was prtfper to accomplish the i objects with safety to tbi^gpraunity. And if it haXdepended upon! nijrjudgroent> at air ear-lNJperiod, I should hljve prelerjcd, and shontjtjlave taken, a longer;time. * Lnougli, however; is yet left, provided no measures-are aloptcd by the Bank, for the purpose of inflictitti' unnecessary suffering upon the; country. ':Apart, therefore,; fronl any consid­erations arising out of the conduct of the Bank^anf looUng merely to thcnear.ap-. proach" oflthe daywhen it would cease to^ex-isti thi* withdrawal; of the deposites appeared tp.Ue required h|phe: public interest, afthe time'ivhenj the .hr.f order for removal

of its, corporate exijj of preparing to win charter was not to f pirk that the questid ctd|i.K Very little! time yet remains. concur in the opin believe that the-

Mahogany, Cabinet Ware, &c (HE subscriber has just received a large

and very--e«xeellent assortment of MA­HOGANY BOARD3, PLANK, and VE­N E E R S , which he offers to Cabinet Makers cheap for cash. He has also on hand a large stock of CABINET FURNITURE, which ihe%9iTiell very cheap~*chea])er than can he •bought ttinihtre. Call at the Furniture Ware House, foot of Seneca-st. near the Franklin House.

J. W. TILLMAN. Geneva, Nov. 6,1833. " 73r

jrrsfjr RECEIVED,

AND for sale, cheap for Cash, a very large supply of Winter Shell OY­

STERS, which will keep for a long time, »t the Geneva Recess, No. 7, Seneca-st.

H. A. NAGLEE. Gtytva, Dee. 2, 1833. 77

J.1WES GIEEESPIE

STILL continues on the Hill, first door north of Bogert's Bookstore, where he

is now receiving, and offers for sale on rea­sonable terms, an extensive and carefully se­lected assortment of FAMILY GROCE­RIES, FRUITS, WINES, CHEESE, OILS, FISH, CUTLERY, BRUSHES, EARTHEN & GLASS-WARE, togeth­er, with a general variety of convenient and suitable articles used in house-keeping, r £ 3 B i .TEAS—a large variety—and can .'. B g j S B ; be recommended as very Superior. , B ^ * | H His friends and the public gener-

• • • r a f c a l l y are respectfully invited to •all and examine the same. _

(Particulars next week.) Geneva, Oct. 28, 1833. 72

• ' S I B G f J O t S , ' ' • ' * /fl 4h A r f f t t f f c o f M'Pherson'fiheiU, ^Jk%WM\9mWMW. PelongrTlosamcgo's, and other brands, for sale cheap at the Ge­neva Recess, No. 7, Seneca-st..

H. A. NAGLEE. Genera, Dec. 2, 1833. 77

A French & timer* Perfumery.

VERY large Assortment of P E R ­FUMERY of various kinds and quali­

ties, for sale at the Geneva Recess, No. 7*, Seneca-st. H. A. NAGLEE.

Geneva, Dec. 2, 1833. 77

* Piano Forte Jflusic, At.

A GOOD Assortment—embracing Over tures, Marches, Songs, with and with­

out variations, Waltzes, &c. Alexander's Flute Preceptors; Clemehti's Piano Forte Preceptor; Clarionet, Flute, Fife, Dram, and Violin

Gamuts; Sacrr-d Vocalist, Christian Lyre, Spiritu­

al Songs, Music for the Church, Musi­ca Sacra, Musical Monitor, Boston Han­del and Ilayden Society's Collection of

? Church Music, Little & Smith's do., taolvitent Notes; Flutes, a variety, Clarionets, Violins, Fifes,

Harmonicas; Violin and Viol'mcello Strings, Bows and

Bridges; Refined Rosin, &.c. For sale as above.

TO Il.LKVMlS. | H E subscriber, one of the Patentees

of the "FRANKLIN CRACKER tSlACHXNE," which is now in successful operation in New-York, Albany, Baltimore, IJtica, Syracuse, and many other places, now offers to dispose of the Patent-right for the

* •atne in thefollowing Counties, in the State olf NW-York, to Vit;—Columbia, Herki-i^i*,'^.tsegp,'Sujllivan, Oswego, Chenango, 3S)fo »ttie;, Tioga, Steuben, Yates, Allegany and Livingston. As a labor-saving machine it is seldom equalled, and in. its own branch of business no other machine can compete •with it. Any person wishing to purchase a j Patient-right for the same in the above named counties, can make application to me in Ge-

*'%**&*, 'iuvtj iri case of thy absence, Sti»iyel Mott, Esq. is duly authorized to sell the

/niirtic. Having a. Machine in operation at 'im^alsie'ry;, I feet confident I citn prove sat-

lisWt&my*to all who see" it, that by its use ttforeWtffo'aV the -laoo'r of making Crack-eif* ean b'e'saved. Navy Bread, Sea Biscuit, fee1., can big madr With the same Mathme.

'" NATHAN DASKAM. Geneva, Jan. 16,188$. 32

effl&a&iy m* the farm _.„,' KT= of ih'er subscriber, a two P ^ a i ? ' old HEIFER, of the t i » Durham breed, dark red icolor.

T h * # i # e reya'ia -Will be jjveh for the ref turtof^iajd heifer or for information where the miry be found> .- ''''. a .?.•.>„' •

' :'\ •"•'. ' -•• ••Sjmm.MB.ms.

Oil ]?Iill Tor Sale. HE subscriber offers for sale his OIL

MILL, situate in the town bf Sene­ca, in the county of Ontario, and near the Tannery of Benjamin Cromwell. The prem­ises may be used for making Oil, or would make a first rate stand for a C lover Mill, Cloth­ing works, or for a Distillery. The water necessary for the above works is taken from Springs, which afford an ample supply for any of the purposes above mentioned. The premises will be sold cheap, and terms of sale made easy. For particulars apply to N. B. Kidder, "Esq. Geneva.

tf:GS JAMES M'CLURE.

P E W F O R SAI.E.

FOR SALE, an eligibly situated PEW, m the Presbyterian Church, on the

South-wall side. Application may be made at J. jBoffertVBookstore. April 10.

One-horse Harness.

FOR sale, a setpf new one-horse HAR­NESS, suitable for gig, wagon or cut­

ter. Apply at the Bookstore of J. BOGERT. Sept. 14.

T Gregory's Bilious Pills.

HESE Pills have been for some time in U6e in this neighborhood and in va­

rious parts of the United States, and are highly approved by all who have been under the necessity of resorting to cathartic medi­cines, where desperate remedies are not re­quisite. ' Several Physicians in this village are in the practice of administering them in preference to any other simple medicine.^ They are recommended as a rernedy in disr orders of the head, stomach and bowels-^-of men, women and children—and. are used wi(h great advantage in cases of foul stom­ach, affections of the liverv bilious and re­mittent fevers, fever and ague, worms, jaun­dice, &c. &c. &c. The greatydemsod for this article in this and several other states where they have been introduced, is conclu­sive evidence of its efficacy.

{£?" For Sale, by the dozen or single box, at the Bookstore of BOGERTS & WYN-KOOFj in Main-street, nearly opposite the Hotel. »

Gentim, "November, 1833. '

only be avoided by timely preparation,, and the continuance of-the deposites can only be justified J>X.thfi dgtej3run.atiau.to renew the charter. The state banks can, I have no doubt, furnish a genera] circulating medium, quite as uniform in value, as that which has been afforded by the Bank of the U. States. J?robably more so. For it is well known, that in some of the cities, the Branches* of the Bank have been in the habit, whenever they thought proper, of refusing to honor the notes of their own bank, payable at other branches, when .they were uot offered in dis­charge of a debt due to the U. States. But a currency founded on notes of state bafiks could not be suddenly substituted for that heretofore furnished by the Bank of the U. States, and take the place of it at the same moment, in every part of the Union. It is essential that the change should be gnidual; and sufficient time should be allowed to suf­fer it to make its way by the ordinary opera­tions of commerce, without requiring a has­ty and violent effort.

In this view of the subject, it would be highly injudicious to suffer the deposites to remain in".the Bank of the'U. S. until the close of its corporate existence. And as they cannot be withdrawn without the action of the Secretary of the Treasury, it must un-'| avoidably become his duty, at some period of time, to exercise the power of removal.— Laying aside, therefore, for the present, all the considerations which the misconduct of the Bank has furnished, the question present­ed to this Department was, how long could the removal be delayed consistently with the public interests ? It is a question offline on­ly. The duty must be performed at some period, and could not be altogether omitted, without justly incurring a heavy responsibil­ity to the community, for all the consequen­ces that might follow. .And it is, I think, apparent that the measure was delayed as long as was compatible with tile interests of the people of the United States.

The monthly statement of the Bank of the 2d of September last, before referred to, shows that the notes of the Bank and its Branches then in circulation amounted to §18,413,28707, and that its discounts amount­ed to the sum of $62,653,359 59. The im­mense circulation above stated, pervading ev­ery part of the IT. S. and most coirrmotrly used in the business of eonsnerce,- between distant places, must all-be withdrawn from circulation when the charter expires. If any of the notes then remain in the bands of individuals remote from the branches at which they are payable, their immediate deprecia­tion will subject the holders* to certain loss. Those payable in the principal commercial cities, would perhaps retain nearly their nom­inal value; but this would not be the case with the notes of the interior Branches, re­mote from the great marts of trade ; and the statements of the Bank will show that a great part of its circulation is composed of notes of this description. The -Bank would seem to have taken pains to introduce into com­mon use such a description of paper, as it j could depreciate or raise to its par value, as' best suited its own views; and it i s of the first importance to the interests of the pub-: lie, that these notes should all be taken out of circulation before they depreciate in the bands of the individuals who hold them; and they ought to be withdrawn gradually, and their places supplied, as they retire* by the currency which will become the substitute for them. How long will it require for the ordinary operations of commerce and the re^ duction of discounts by the Bank, to with? draw the amount of circulation before men­tioned, Without giving a shock' to tlie curren­cy, or producing a distressing pressure Upon the community 1 I am convinced thafcthe time which remained for the charter to run after the 1st of October, (the day on which the first Sf-deir for" removal took effect,) "was'

given bj this depaijltaent. '*'*This op'wion is djpfirmed by the ground Ijfjfcen in faior of thi'renewal of the charter appecembt r seBsion(1831. It was then u rg-ed that the bhort pe|od which yet remained

nee,'and the necessity up its concerns, if the renewed," made it pro should at once be de

more than half of that __d. although I do nrft ns ihen'expressed, and

. . _ ._,. plication was ill-timed, and premature,,yctkhe arguments then reli­ed on by many wljtose; judgment is entitled to respect', afford sjroig -grounds for Conclu­ding that the. ineasur| .now adopted is not' "objectionable on the ^pore of time, ,and that if the deposites were not to continue in the Bank until the termination of its charter, their withdrawal could not with propriety be longer delayed.

There is, however, another view of this subject, which io my opinion made it impos­sible further topostpone theremoval. About the first of December, 1832* it had been ascertained thttttke present Chief Magistrate was re-elected,"and that his decision against fhe B*ank ha'tl thus beejj sanctioned by the people. At thit time the discounts of the Bank ampunteJ to $61,571,625 66. Altho' the issue, which the Bank took so much pains t3 frame, had BOW been-tried, and the decision pronoinced against it^y'et no steps were> taken to prepare for its approaching end. On the contrary, it proceeded to en­large its discoints; and on the 2d of Au­gust, "$33, tbeyimounted to $64,160,349 14, being an increise of more .than two and a half millions >in the eight months immediate^ ly following thedecision against them. -And so far from preparing to arrange its affairs, with a view to vind up its business, .it seem­ed, from this course of conduct, to be the design of the Bank to put itself in such an attitude, that at the close of its charter, the country 'would be compelled to submit to its renewal, or to bear all the consequences of a currency suddenly deranged, and also a severe pressure for the immense outstanding claims which would- then be due to the cor­poration. While the Rank was thus pro­ceeding to enlarge its discounts, an agent was appointed by the Secretary of the Trea­sury to inquire, upon what terms the state banks would undertake to perform the ser­vices to the gbvernment which have hereto­fore been rendered by the Bank of the Uni­ted States; and also to ascertain their condi­tion in four of the, principal commercial ci­ties, for the purpose of enabling the depart­ment to judge whether they would be safe and convenient depositories for the public money. It was deemed necessary that'stfit-able fiscal agents should be prepared in due season; and it was proper that time should be.allowed them to make arrangements with another throughout the country, in order that they might perform their duties in con­cert and In a manner that would be conven­ient and acceptable to the public. It was essential that a change so important in its character, upon thjB financial concerns of the country, •s^uld^BOtrfejjnrrodtfced wthout timely pri> paration. 'There was nothing in this, pro-'cfeemngV' ior ffiTKeT cSndifion of the Bank,

country by*the Bank ofithe tlriited States, in the course of two monfhs. This pf itself mustjiavifj produced; aj.\icessure on the mo­ney imfrket,. ajffeetin^alT commercial trans­actions. B u t thev;Ctjrtailment in the Bank accommodations of the community was much larger. The policy adopted by the Bank of the United States compelled the State Banks to takenthe same course in self-defence, and the Bank of the .United States appears to Jiave resorted to theu-expedient.of "drawing,1 from the Stjate Bankl the balances due, in I specie, -aiftl to have hoarded up the article in its ov/n vaults. „

In August, 1833, that Bank had in specie '*<< •" $10,023,677 38

lu September - 10,207,649 20 , In October * 10,603,44151

$639,764 13 Showing anincrease of specie

in two raohtbs of v

This sum it is be.lieved *was chiefly drawn from the State Banks. To fortify themselves, those Banks wore compelled to call on their debtors and curtail their .accommodations; and so targe a proportion of these calls, are always paid in their own notes, that to ob­tain $100,000" in specie, they are probably obliged to call for four or five times that amount. To replace tlie specie taken from them by the Bank of the United Spates and to provide for their own safety", the State Banks, therefore, must have cMtailed from tiyo to^three millions of dollars. On the whole, it is a fair estimate', that tile collec­tions" from the community, during these two-"| mohths, without any 'corresponding return, did riot fall much short of nine millions of dollars. As might have been expected, com­plaints of. a pressure upon the money mar­ket were heaidTJfrom every quarter. The balances due from the State Banks had, dur­ing the same time increased from $368,969 98 to $2,288,573 19, and from the uncertain policy of the Bank, it was Sp'prehended they might suddenly be called for id specie. The State Banks, so far from being able to relieve the community, foun() themselves under the necessity- qt providing for their own safety. «

A very large proportion of the collections "of the Bank in August itud September, were in Philadelphia, New-York and Boston. ' In August and September the curtailment

in Philadelphia was *1Q* **» 69

Increase of public deposites $195,548 69

646,846 80

Actual collections by theBank < $842,395 49

Increase of public deposites in New-York

Deduct increase of loans $1,396,597 24

331,295 38

Actual collections by theBank 1,065,301 86 Curtailment in-Bos-

ton- was $717,264 45 Increase of public

deposites 48,069 88

Actual oojiections by the Bank 765,334 33

Tota\ collections in the 3 cities $2,673,031 68

It will be perceived, that it was solely through the increase of the public deposites that the Bank raised balances against the State Banks in New-York, and was placed in a situation to taker-front them, at its pleasure, large sums in specie. And when it is con­sidered, that those curtailments and collec­tions of the Bank of the United States ne­cessarily compelled the State Banks to cur­tail also, wo shall be at no loss to perceive the cause of the pressure which existed in the commercial cities-about the end of the month of September. It was impossible that the commercial community could have sus-

and so extensive in its o p e r a t j o n f 1 ^ 1 ' ^ ^ m u c h , o n S " " u n d e r | u c h , a P ^ -1 cy. ^ In the two succeeding months, the col-

Bank would probably have lections of the exceeded five millions more, and the State Bafiks wo^JldTiave been-oMige^w-eTrrtSil in-an"equal sum. The reduction of Bank ac­commodations, to the amount of nineteen millions of dollar's, in four months, must have almost put an end to trade ; and before the first of October, this pressure in the princi­pal commercial cities had~become so intense, that it could not have been endured much longer without the most serious embarrass­ments. It was then daily increasing, and from the best information that I have been able to obtain, I am persuaded, that if the public moneys received for revenue had con­tinued to be deposited in the Bank of the Uni­ted States for two months longer, andjt had adhered to the oppressive system of policy which it pursued "during the two preceding months, a wide spread scence of bankruptcy and ruin must have followed. There was no alternative, therefore, for the Treasury De­partment, but to act at once, or abandon the object altogether. Duties of the highest character, would not permit the latter course, and I did not hesitate promptly to resort to the former.

I have stated the condition of the mercan­tile classes at the time of the removal, to ex­plain why it was impossible to postpone it

which should at that time have produced a sudden and entire change of its policy. For, in addition to the ordinary receipts from bonds given on account of previous importation, the season was at hand when the cash du­ties on woollens might well be expected to be very productive; and from these two sour­ces the receipts from the Customs were in fact unusually large, and the amoUntof tlie public dgposites in the Bank proportionably heavy. The capacity of the Bank, there­fore, at this time, to afford jfacijities to com­merce, Was not only equal, but greatly supe­rior to what it had been for some time.be­fore ; and the nature of the inquiry made of the State Banks, confined as it was to the four principal commercial cities, showed that the immediate withdrawal of the entire de­posites front the Bank, so as to distress it, was not contemplated. And if any appre­hensions to the contrary were felt by the Bank, an inquiry at this department would no doubt have been promptly and satisfacto-

1. rily answered. And certainly it was the du­ty of the Bank, before it adopted a course oppressive to the whole country, to be sure of the ground on which it acted. It can ne­ver be justified for inflicting a public injury, jjy alleging mistaken opinions of its owu,

exclusively to the Secretary of the Treasu­ry, by the terms of. the chartery his action was necessary in order to effect it; and the deposites could not, according to the agree­ment made by Congress with the stockhold­ers, have, been removed.by l ie legislative branch of the Government, until the Char­ter to the Batikwas at an Snd.

4th. The new approach of the time when thp charter would expire, as well as the con­dition of the^ncrcatttile community, produ­ced by the conduct of the Bank, rendered the removal indispensable, at the time it was begun; and it co.ul4.not have been postpon­ed to a later day,'"without injury to the country.

Acting on these princiglesi I should, have felt myself "bound-to follow the "Cirufse I have pursued in relation to the "deposites, without any reference to the misconduct of the Bank. But there are other reasons for the removal, growing out of-the manner in which the affairs of. the Bank have been managed, and its money applied, which would have made it my duty to withdraw.the deposites at any period of'the charter.

It will, I presume, be admitted on all hands, that the Bank was incorporated m order to create an useful and convenient pub­lic agent, .to assist the government'in its fis» cal operations. The act of incorporation was not designed merely as an act of favor to the stockholders, nor were exclusive priv­ileges given to them for the purpose" of ena­bling them to attain political/power, or to amass wealth at the expense of the people of the United S tates. The motive for estab­lishing this vast, monopoly, was the hope that it would conduce to the public good.— It was created to be the agent of the public, to be employed for the beneriLoi the-P&Qple.; and the peculiar privileges and means of pri­vate emolument given to it by the act of in­corporation, were intended as rewards fct*"! the services it was expected to perform. It was never supposed that its own separate in­terests would be voluntarily brought into col­lision with those of the public. And still less was it anticipated, that it would seek by its money to obtain political power, and control the action of the government, £ither by the favors it can shower, or the fear of its resentment. Its duty was simply that of an agent, bound to reader certain services to its principal, in consideration of the advantages granted" to it. And like every other public agent or officer, its own separate interests were subordinate ttf its duty to the public. It was -hound to consult the general good,-r-ath-er than its private emolument,- if they should happen to come into conflict one with anoth­er. If, therefore, it sought to obtain politi­cal power, or to increase its gains, by means which would probably bring distress on the community, it violated its duty, and pervert­ed to the "public injury the powers wltfch were g*iven to be used for the public good.— And in such an event, it was the duty of the public servants to whom the trust wAs re­served, to dismiss it, so far'as might lawful­ly be done, from the agency it had thus abused.

Regarding the Bank, therefore, as the agent of the United States, and bound by the duties^nd liable to the obligations which ordinarily belong to the relation of principal and agent, except where the charter has oth­erwise" directed, I proceed to state the cir­cumstances which show that it had justly forfeited the confidence of the Government, and that it ought not to have been further trusted as the depository of public money.

4To be concluded in oitr nexl.)

Ojce;-r-Messrs> Hawes, F u l t o V V v S ^ f t . Lee, of N . J ; ' vv»gP«,attd

Expendituresin the Department of Vp„, Messrs; Whittlesey, of N. Y. Derrl OwT bers, Webster, of Ohio, and llalsey. ^

Expenditures on the Public J3««d,w. eSSlS, WrrtUlm, TW,..W.„*,v„ » - - " " ' n S ? '

dereon; Messrs, Whiillon, Darlington, Brown W .Win,.: and Hard. ' en"

. W A S ^ ' , ^ 1 0 ' Mr. Clay introduced a »jlt t a^pprq^ ;

for a limited period the procee^Vpf tl^rmi' < lie lands.* " " " " ""•'' -' ;"_"i'

!"-: • ,r,*t'»^ The Senate w^!JtiptoWelecUTQn,feKgi' ;

lain, whichresulted in the choice ofthe »'v ' M n H a t c h ^ ".'-_" •' % ' !

The SlmaTe^then resunied the. consiiW tion of Mr. SftragUe^s resolution ,'to alter th mode of electing their standing committer by the Senate, instead of being, as forniWlv appointed by the President yro tern,, -

The question being taken 09 the resolu tion, Was deeided'in the affirmative.

Yeas—Messrs. Bell, Calhoun,^ Chancers Clay, Ewing, Frelinghuysen, Kent.TK'nbi,t Mangum, Naiidaln, PSindexter, "PrenL' Preston, Robbins, Silsbee, Smith, SoiithaJ'' Sprague, Swift?, Tomlinspn, Tyier-andVYeb' stejr—-22. • " ,' ""

Nays.—Messrs. Benton, Bibb, Brown,For syth, Grundy,.Hendricks, Hill,Kane," Moore, Morris; Rives, Robinson, Shep] Tallmadge, Tipton, WUkins and' —18.

Wednesday, Dec. 11. ' S E N A T E . . . • '

TWENTY-SECOND CONGRESS. FIRST SESSION.

be gradual; and the conduct of the Bank it self-has since compelled me to remove a por- I tion of the deposites earlier than was origin- | ally intended. There was nothing, therefore, 1 in the inquiry before mentioned, nor in the views of the Executive Department, nor in | the condition of the Bank, which justified a sudden and oppressive change in its policy.

The situation of the mercantile classes, also rendered *the usual aids .of the Bank more than ever necessary to sustain them in their business. Their bonds for previous im­portations were, as before stated, constantly .becoming duev-and heavy cash duties were almost daily to be paid. The demands of the public upon those engaged in commerce, were consequently unusually large, and they jiad' a just claim to the most liberal indul-.gence from the fiscal agent_pf the govern­ment, which had for so many years been reaping harvests of profits from the deposites of the public money. But the Bank abujut this time changed its coutse. t

By the monthly statement of the Bank dated 2d of August, 1833, it appears that its loans and domestic- bills of exchange, pur­chased and on hand, amounted to

$64,160,349 14 By the monfhlv statement of

the 2d Sept. 1833, they ap­pear to have been 63,653,359 59

By that of trie 2d of Oct, 1833, they were 60,094,202 93

Reduction in two months 4,066,146 21 By the same papers it appears

that the public deposites, including those for .the re­demption of fhe» public debt, the Treasurer's, and those of the public officers

In'August $7,599,93147 In September , 9,182,17318 In October 9,868,435 58

Increase of the public depo­sites in two months $2,268,504 18

Total amount collected from the community" $ 6 , m 6 5 # 3 2

Tire

even for a^short period. Under other cir­cumstances, I should have been disposed to direct the removal to take effect at a distant

so al to give Congress an opportunity escribing, in fhe mean time, the places

of deposite, and of regulating the securities proper to be taken. It is true, that the pow­er given to the Secretaiy of the Treasury to remove the deposites from the Bank of the United States, necessarily carries with it the right to select the places where they shall afterwards be made. The power of removal cannot be exercised, without placing them elsewhere; and the right to select is there­fore contained in the right to remove. It is also true,( that in my judgment, as has been already stated, the public interest would have been advanced if the change had taken place at an earlier period. Yet as a few months would in ordinary times have made no very serious difference, and the removal had al­ready been delayed until the meeting of Con­gress was approaching," I should have pre­ferred executing the measure in tt manner that would have enabled the legislature to act on the subject, in advance of the actual re­moval, if it had deemed it proper to do so. But the conduct of the Bank left me no choice, except between the Immediate re­moval arid its final relinquishment. For if the measure had been suspended, to be re­sumed at a future time, it was in the power of the Bank to produce the same evil when? ever-it was again attempted. Putting,aside, therefore, from the view of the subject which l am now presenting, all the inducements which grew out of the misconduct of the Bank, and* regarding only its approaching end and the intensity of the pressure it was then producing, no further delay was admis­sible. «

The factsand reasons above stated, appear to have established the following proposi­tions :-

1st. I t was the duty of this department, not'to act upon the assumption, that the le­gislative, power would hereafter change the law in relation to the Bank' of the United States ; and it was bound to regulate its con­duct upon the principle, that the existence of this corporation would terminate on the 3d of March, 1836.

2d. The public interest required that the deposites of public money should not con­tinue to be made in the Bank of the United States until $ie close of its existence, but should be transferred to some other place,

IUS upward? <$ six millions of dollars : a* some period prior to-that time, were withdrawn"' from the business of the 1 3d. 'Thepower bf removal being reserved

The following are the several Standing Committees, appointed by the Speaker in the House of Representatives, as announced from the Chair, on Monday, the 9th inst.

Elections.—Messrs. Claiborne, Griffin, Hawkins, of N. C*,,Banks, Vanderpool, Jones, of Geo., Peyton, Haymer, and Hannegan.

Ways and Means.—Messrs. Polk, Wilde, Cambreleng, Gorham, McKim, Binney, Loy-all, McK-inley, and Hubbard.

Cferems.—Messrs". Whittlesey, of Ohio, Barber, Mclntyre, Grennell, H. King, Ghol-son, Cramar, Forrester, and Bynum.

Commerce.—Messrs. Sutherland, Davis, of Mass., Harper, Foot, McKay, Lawrence, Pinckney, Heath, and Selden.

Public Lands.—Messrs. Clay, Duncan, Boon, Mason, Clayton, Slade of Vt. Leavitt, 'Ashley, and Ingo.

Fosf Offices and Post Roads.'—Messrs. Con­ner, Karnaugh, Pearce, of Rhode Island, Thomas, of La., Briggs, Murphy, Lane, Ly-tle, and Laporte;

District of Columbia.—Messrs.. Chin'n, W. R. Shepherd, McKennon, Stoddert, Allen, of Va., Dannis, Heist, Fillmore, and Taylor.

Judiciary.—Messrs. Bell, of TeDn., Ells­worth, Foster, Gordon, Beardsley, Thomas, of Md., Hardin, Parks, and Pierce of N. H.

Revolutionary- Claimsi—Messrs. Muhlen­berg, Crane, Bates, of Mass., Standefer, Boudin, Marshal, Young, Baylies, and Tur-rill.

Public Expenditures.—Messrs. Davenport, Lyon, Paige, Clark, of Pa., Tweedy, GHiet, Hall, of Vt., McClene, and Kinnard.

Private Land Claims—Messrs, Johnson, of Tenn., Mardis, Carr, Galbrahh, Mann, of N. Y., Cage, Felder, Casey, and Bull.

Manufactures.—Messrs. Adams, of Mass., Huntington, of Conn., Denny,- Davis, of S. C , Corwin, Dickerson, Martindale, McCo-mas, and Osgood.

Agriculture.—Messrs. Bockee, Taylor, of Va., Hathaway, Barnitz, Bean, Dunlap, Clow-ney, Turner, and Davis, of Ky.

Indian Affairs.—Messrs. Lewis, Gilmer, McCarty, Everett, of Vt., Graham, Allen, of Ohio, Dickerson, of Tenn., Howell, and Love.. o"

Military Affairs.—Messrs. Johnson, of Ky., Vance, Speight, Ward, Blair, of S. C , Burd, Thompson, of Ohio, Coffee, and Bunch.

Naval Affairs.—Messrs. White, of N. Y., Williams, Watmougb, Patton, Lansing, Reed, Grayson, Parker, and Smith.

Foreign Affairs.—Mes'srs. Archer, Ever­ett, of Mass. Wayne, McDuffie, Hall, of N. C , Coulter, Jarvis, Pierson, and Carmichael.

Territories.—^Messrs. Williams, Allan, of Ky., Potts, Johnson, of N. Y., Anthony, Wilson, of Va., Jones, of Ohio, Edwing.and Gamble.

Revolutionary Pensions.—Messrs. Ward-well, Barringer, Tompkins, Moore, V.Lea, Doming, W. K. Fuller, Fowler, and Bell, of Ohio. " •' '

Invalid Pensions.—Messrs. 'Bu'rges; Evan's, Beall, Schley, Adams,- of N.'Y.', ScheUcY, Chilton, Chaney, and Mitchell, of Ohio.

Roads and Citndls—Messrs. Mercer, B)air, of Tenn., Vinton', Stewart, Rencher, Jobo'-son, of Md., Lucas, Pope, and Slade of Illi­nois'.

Revisal and unfinished business.—-Messrs. Dickson, Harrison, of Pa., McVean, Shinn, and Beatty.

Accounts.*-Messrs. Mann, of Pa., Lee, of N. J. Mitchell, of N. Y,, Crockett, and Mil­ler.

Expenditures in the Department of State••?— A. H. Sheppard, Day, Beaumont, Bodle, and Patterson.

Expenditures in the Department of the Trca-: sury.—Messrs. Allen, of Vt,. P. O. Fuller, Harper, of Pa., Spangler, and Clarke, ofNV York.

Expenditures in the Department of the JVjj-vy—'lyfessrsi Hall, of Me., Huutington, of N. J. Ramsey, Sloany aadVan Ifooten.

ExpeWiiurg in the Department of the Pott

The following resolution; -sub1mtted yes­terday by Mr. Clay, was taken up for con-sideration: \

Resolved, That the President of the (fa­ted States be requested tp inform the .Senate whether a paper under date the — day qf September, .1833, purporting, to have been

Tead by him to the heads of the severji]„de,. 'partments, relating to the deposited ijf fje-public money in the Treasury of thro UfflfteS' States, and alleged to have been pubiifiitl by his authority, be genuine or not; aiijif it be genuine, that he also b* requestet| to lay a copy fjf the said pliper. before the Se­nate. . » . >•

The blank was then filled up with the 18th. After a free discussion, Mr. Webster offer,

ed the following substitute, which was ac­cepted by Mr.'Clay and adopted. .... •

"Tkat the President be requested tojend to the senate a copy of-tlic paper which has been published, and which puipprts to have •been read by him to the'Heads of the Exec­utive Departments, dated the 18th day of September last, relating to. theremovaVqiftft deposites of the publio money frOm.the.Barili of the United States aerfitsioffiqes-'V •

.fmrsday', Dee.. 12. > The following-Message was received iron

the President of the U . S . ' .. ' , . 1 Washington, Dec. 12,1833.

To the Senate of the United States: I have attentively considered the Resolu-'

tion of the Senate of the l i t h inst. request­ing the President "bfi the United States to communicate to the Senate *' a cqfly of At paper which has been published, and which, purports to liave been read by him to the Heads of the "Executive Departments, dattt;| the 18th of September last, relating to tV removal of the deposites of the public monej; from the Bank of the United States and its offices-;"

The Executive is a co-ordinate and \ade-pendent branch of the government, eqvrany with the Seriate : and! have yet to learnnn-der what constitutional authority that branch of the Legislature has a right to require of, me an account of any communication, either verbally or in writing, made to the Heads of Departments, acting as a Cabinet Coiin& As well might I be required te detail to. thi Senate the free and private conversation] have held with those officers on any subject)': relating to their duties and my own. '/.:

Feeling my responsibility to the A'meriean People, I am willing, upon all occasiohsftte explain to them the grounds of my cpjiducty and I am willing, upon all proper occasions, to give either branch of the Legislature any information in my possessiotfthat eaii be use­ful in the execution pf the appropriate du­ties confided to them.

' Knewing. the constitutional rights of the Senate, I shall be the last man, under any circumstances, to interfere with themr-Knowing those of the Executive, I shall; at all times, endeaf or to maintain them, agree­ably to the provisions of the Constitution, and the solemn oath I have taken to suppo-ii and defend it.

I am constrained, therefore, byapropnj sense of my own self-respect, and pf the rights secured by the Constitution to the Executive branch of the Government, to de­cline a compliance with your request. —•".-"

ANDREW JAe«SOSf" After some remarks by Messrs. <31ay and

Grundy, the message was laid^pn the table.. Adj. till Monday.

' • Friday, Dec. 13* HOUSE.

The Speaker presented to the House a memorial of four Government Directors of the Bank of the U. States, in relation to the conduct of the Directors, and especially of the President of that institution, waich'wa referred to the Committee on Ways. a»i Means.

The committee on Naval Affairs were.'in­structed to inquire into the expediency of constructing two small vessels of .war, to.sup ply the places'of the Porpoise..an.d Dolphin. Adj. till Monday.

Monday, Dec.16-SENATE*. " - • - " • ' - • -

The Vice President of the U,,S.. appeared, and after being conducted to the-Chait-ani calling the Senate to order, delivered'the

of the governme OP which the Co tensive powers a There is scarcel; al authority in ^ or immediately portant, and, in sable part of eac

^euts^«x«cutm and is, moreover effectual that sh organization-as 1 tive state soverei

Invesled'with diciously restrm to the,'purposes wonder that thi people -of the t best features, in to be, the wisest, litical systemin es that it may lo ed, and in a- coi order; propriety

'ceedirtgs, we it an object of my to-joih withyo* fectipg • those' d deavoring to rei otHhiifbody, ajt tion; and ever 1 that it would e: fluence in upho and in perpetual dation -and -the welfare—the Un

The Vice-Pre the Memorial fi tors of the Bank

•The Senate t •Standing Comm lowst

Committee on Wilkins, Forsy Sprague.

Committee on Tyler, Ewing, B

Committee on King, Wright^

Committee on linghuyseifc- Kr Linn,

Committee on: Robinson, Kent

Committee on Benton, JKing, (

Committeeon sonj Hendricks Clayton.

• Committee t Southard, Rol ^Tallmadge.

Committeeon dexterj Moore,'

Committee on-J Kane|""Linn,' Na bee.' -

The Senate t

WEONESPA

We refer the [pleasure, to the I the resolution 1 I of the Vice Pr< ties of his statii Senate. The 1

(ceremony; ant Clay, who it is President's adr the document v tion'; his objei President than 1 fan Bureh's £

Jiournals are o fcommendation.

I calm and digni! outbreakings o personal hatrec tlemefi most d dence of their f probably be mc bitter waters of our country—< of "political rivi

following address Senators—In entering upon thedutieSjof

the station to which I, have been called by the people, deference to you, and1 justice to myself require, that I should forestall ex­pectations which might Otnenv'is.l. be if?V' : pointed. Although for "many yearauStetor« fore a member of the^.enatei-Lregretthatl should nntjiav^^cqiiire.d that.knawledge-of the particular ordero/its Irpceedings^hiohi might naturally be expected. Ittfprtunatety for me, in respect to my present conditio))! I ever found those at hand, who had- m'Me correctly appreciated this important branch of their duties, and on w^pse opinions^ta points of order I coubf at allrime^safete" ly. This remissness will douhtless, for% season, cause me no sinah" degrees of .fflM^ rassment. So far, howevir, as uhre(ittTO!.PJ| exertions on" my part, <and a proper fesp,ect for the advice of those who are'better imtfM* ed .than myself, can avail, this deffgie^clw b"# remedied as sp'eedily as poss'ibleija|dJl feel persuaded, that the senate! iu^he'wag timet will extend-to me a consiaiera|e!i!i^¥f" ge'noe. ' • ' • • ' ' •--"•-; '"'^ ":!j'-'.

But however wanting IriMty b# ior$® tinie, in a thorough knowlodgevof the Mpi* nical duties of the chair, I entfertaiB,PbW

j bly hope, a dee'jJ and sdier^hp'tfhvi6ti6tfof# high moral obligations. ILani. i f p p ^ * ? that he who occupies it,'iB bound to wijf??

standing upon an honorable e q u a r i l i ^ ! ^ ; ply the rule's established by themiemmot their oWtt government, with strict•IfaptfJ'jM'r ty$ and to use whatever authority he fe«w* sest in the manner best calculated:-i» ptf>]e<* the rights; to respect the feeJinjgSi mjg guard the reputatiotfs of all wfco'ihaf be*t* fected,by-its=.e3tereis8i> - ^ s f ^ ^ - V ^ i

It is no aispBra|ementt(!f anytgthef«br

We publish

Iof this gentlei Messrs.^Jtacksc the Senate of opinion on thi These are_ not position that e the -subject u •writer, a lead1

the opposition of the Treasu supposed that power of the ] of Governmet its movements examination 0 the powers an Treasurer by ure by which J}{ the cha

ment read to moval of the

"The exec a papef of p those who th they may per that it cover's It^Vill'be easi It "is more c< deducible fro are the" latter in ourannals cate theCtfil tiohsi.*_TJie8 the^roclatna

Commenti Bank, empo-be printed ai and papers people infor and operatio: justly rematl whole, funds which it heli ofitschief <

"Who do of Washingt with ah utili purse]. Sei •eryitemls 1 mite; whei mark how t the service 1 rule of prt world; «ys pieces with regatdit. ' thatishould thedisappr voice thati den. The placed »t tl *er»»e«moii With th«

. knowledge tio« km":

. - 'V

« « . , fr •*?! ' ^ ^ . ' j J E ^