The Sun.
London, England, 1834-01-15 00:00:00

" THURSDAY, DEC. 19.

" DEPOSITS.-The resolution of Mr. Clay was taken up,
when Mr. Benton moved to amend the resolution by
aiding the following:—
'Also, that the Secretary communicate to the Sen ite
the monthly statements of the affairs of the Bank of the
United States for the current year, which have not been
h-2retnfore communicated.

" Aiso ti -e entire correspondence between the Secretary
of the Treasury and the President of the Bank of the
United States for the first half of the year 1819.'
" The amendment was agreed to, as also was the reso-
lution.

" HOUSE OF REPRESENTATIVES, DEC. IS.
" BANK OF THE UNITED STATES —Mr. Money, pre-
sented a memorial from the President and Directors of the
Bank of the United States, asking redress for the violation
of their charter by the removal of the public deposits.
He did not desire any action upon it now, but would move
that it should he laid on the table and printed.
" Mr. Polk moved that the memorial should be referred
to the Committee of Ways and Means, and demanded that
the questi-n should be taken by yeas and nays, which were
ordered —yeas, 9l ; nays not Counted.
" Mr. WatmouOt rose to address the house, but tha
Speaker informed him it was not in order to debate a
'nor on t s lay on the tahle.

" Mr. Rik c4lled for a division on the question.
"Mr. Binney asked for the reading of the memorial,
which was as fullows

"'TO THE SENATE AND HOUSE OF REPRESENTATIVES

OF THE UNITED STATES.

" The Board of Directors of the Bank of the United
States respectfully represent—

a .
" That by the charter of the Bank it was stipulated
fetween the Congress of the United States and the
stockholders of the Bank of the United States, that in con-
sideration of a full equivalent rendered by them, in money
and servic,s, they wete entitled to the custody of the public
moneys, which were not to be withdrawn from it unless for
the reasons of the suffich ncy of which Congress, and
Congress alone, was the final judge.
" That the Bank has in all things faithfully per-
form d the stipulations of the charter.
"'Nevertheless, since the adjournment of Congress the
Secretary of the Treasury has issued an order on the 26th
of September last, withdrawing from the puss-ssion of the
Bank the custom bonds deposited therein, and has *uh,e-
quendy transferred to certain State Banks a large portion
of the public moneys then in the safe keeping of the B
,vith the purpose or making them hereafter the permanent
depositories of the public I evenue.

The Board of Directors therefore deem it their duty
forthwith to apprise your hon. bodies of the violation or the
chartered rights of the stockholders, and to ask such redress,
therefore, as to your sense of justice may seem proper,
" By order of the Board,

" N. BIDDLE,
" President of the B-aak of the United States.
'" Philadelphia, December 9, 1833.'

" The question on that part of the motion—to lay it on
the table—was put, and decided in the negative, as follows :
" Yeas, S 4 ; nays, 126.
" The memorial was then ordered to be printed.
" Mr. Chilton moved to amend Mr Polk's r:totion by
instructing the Committee of Ways and 111e.:,ns, in sub-
stance, to report a joint resolution, directing the Secretary
of the Treasury to'restore the public deposits to tte Bank
of the United States.

" LJIr. Chilton addressed the House at length in support
of the amendment, and went into the general subject of
the Bank : but having concluded with a request to tile
reporters, that, although they might, if they thought
proper, present their own views, they should abstain from
giving his remarks until further directions from him ; and
:is it wiil be seen from the subsequent proceedings that the
amendment was withdrawn by Mr. Chilton, the reporter
feels pleasure in acceding to his wishes.l
The yeas and nays having beeu ordered on the calf
of Mr. Chilton, and the question on his amendment
stated—

" Mr. M'Duffie requested the gentleman from Kentucky
to withdraw his proposition, as it seemed to forestall the
other proceedings, which were then undispased of, and
aliout to come up for discussion.

" Mr. Chilton consented to withdraw his amendment ;
and the memorial was then referred to the Committee of
Ways and Means.

" Mr. Ewing submitted the following resolution:—
" r Resolved,—That the Committee of Ways and
Means be instructed to inquire into the expediency of
authorizing a national currency of 35,000,000 dollars,
to be founded upon the faith of the United States, and
be unconnected with and independent of all direct
executive control, except as may be required for the no-
mination of directors; said currency to be struck, per-
feee,l, and issued, in a department of the Mint of the
United States, under regulations to secure an im-
partial distribution thereof among the several states
respectively, according to representative population, if the
same be required, in virtue of the plighted faith anti
sources of each state so requiring, to the United States fo,
its redemption, ao.:ortling to the legal stipulations on i's
f ice, and the payment of such bonus to the Treasury of
the United Sates to defray expenses, and to guarantee
ulterior responsibility, as may be prescribed ; and said
currency, so authorized, and loaned according to the
prescribed ratio, to states r quiring its use, when loaned to
the people th=ough state instrumentality, shall be received
in payment of public lands and in payment of all other
revenue, accruing to the G: neral Government, and shall
lie obligato►y upon the state issuing the sumo to redeem on
demand at her office of discounts and deposits, which said
state office, when established, under state guarantee, to
loan and to redeem said currency, shall be the place of
deposit of all public money collected or belonging to the
General Government within the limits of the state where
it exis.ed ; also, to inquire into the comparative expediency
of es Wishing a National Bank, based upon a specie
capital, to be furnished by the several states, as sole
stockholders thereof, on a scale proportionate to the repre-
sentative population of each, with a branch in each state,
the institution to be regulated in accordance with uniform
gen ral rules, adopted by Congress node a directory of
state appointment, and each state to enjoy the benefit of a
capital, and exercise a power in accordance wiib her
vested interest therein ; said Committee to report by bill
or otherwise.'

4' Mr. Ewing said this was a momentous qaostion.
This union was dependent on no corporations. This
House had the power of creating a sound currency for
t he country, if the local currency should become disordered.
He count show that the institution which he proposed
would produce a safer and more uniform currency 'ban
we now had It would also enrich the states, and promote
those improvements an which the prosperity of the coun-
try depends.
" The resolution was agreed to.
44 On the motion of Mr. Stewart, the house adjourned.'

The sales of savings-bank stock have been
renewed to-day (Tuesday), and it is understood that they
will take place for some time to come on all transfer-d .ye,
tm misappropriationthoae jtorlireeiiptmyeayxtnotneefterientt o f 00;0 Ot Oh:stuckfunds
n d s onlo
dc
in da y.
the The turn
rot;
attempted to be given to this transaction, as if it were a
qoyernment by those ins itutions, is extremely ahsard,
since nothing is better understood, probably, by the great
tiro ectoph::esni
att:ibrse,:tititoJie sheetelnvneoscri thanttiom et thathd:i
their
nt(riutsGovern-
menttheaets itb.o
for
t
of employing the looney is placed by various Acts of
Parliameat entirely at the discretion of the Government
7e4 discretion which, by the way, has heel) frequently
exercised before. The good policy and fitness therefore of
thehich
e mu soenmeya:dl e
ionf that nd, is
teres t afli
the
ep rho only i
c ha point with
nany concern.
r%ne
" Are you really expert at backgammon r'
Laid a g.-ntlem.n to his apothecary, after !wiring run his
'e over the Christmas bill, "At backgammon t, re-
joined the man of medicine, " What do you mean?" g, 1
only thought you might be," replied the patient, " seeing
that you are such a dab at draughts l"

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