The Sun.
London, England, 1834-04-02 00:00:00

RAIGYPTIAN HALL, UPHOLSTERY
4 and CABINET MANUFACTORY, IS NOW
OPEN.

The CABINET MAKERS' SOCIETY, at the requese
of their Patrons, have taken the whole of that extenliv,
and splendid establishment, the Egyptian Hall, Piccadillyt
which is arranged in the following Fourteen Departments:
1. Carved Gothic Oak Chairs, in the style of the various
reign,, from William 1. to William IV.
2. Chamber Furniture.

3 Dining-Room Furniture.
4. Drawing-Room Furniture.

5. Silk, Taiinets, Darnqsks, Moreens, Chintzes, &c.
6. Plate-Glass in Burnered Gold Frames.
7. Ormolu and other Lamps.
8. 3,000 pieces of Paper Hanging of the best quality, from
2d. a yard.
9. Scagliola Pedestal Tables, in great variety.
10. Mr. George Robins Patent Filters.

11. bliscellane'ous Articles.
12. Auctioneer, Estate, and House Agency. Estates and
Houses Let and Sold free of expense.
-- -- - - - - '

The Public can now see the Hall, with all its arrange-
ments, free from charges.
Warranted of the best materials and workmanship,
cheaper than any other house in London. The nobility,
gentry, and public are solicited to inspect the largest and
beet•selected stock of cabinet and upholstery goods in
England, suitable for all purposes, from the cottage to the
mansion, at the Cabinet-Maker's Society, Egyptian-hall,
Piccadilly, and '7l, Leadenhall, which is enrolled agree-
ably to Act of Parliament, and founded for the support of
industrious mechanics, who all combine to produce only
the very best articles, at the lowest possible price. The
funds of the Society provide for its members in sickness,
old age, burial. The Society beg to return sincere thanks
to their numerous patrons, including Royalty, Nobility,
and many of the first families in the kingdom, for the ex-
tensive and generous patronage bestowed on them during
the last eighteen years, and hope by their humble endeavours
to merit future favours ; at the seine time, they earnestly
solicit a trial, as the only criterion by which the merits
y
are
al t
warranted, e
e,
Eavne dr f
and,r o
m
astem
nd decided advantages of this establishment can be fairly
e
articleifa
money
which
faultn no p e
a rs, abatementis
exchanged
made
w;
itthhei n
they
r
12 months, free from charge of appears,
kind. A printed list
of articles and prices will be forwarded on addressing the
Secretary, by letter, east-paid only.
- By Order of the Trustees,
HASLER Sec.
Egyptian Hall, PiceadillyT,HeOndllB
71, Leadnhall.:treeet..

QUAKES
iHE TWO
"Friend," said Aminadab to Obadiah,
6. Why such amazement do thy featuresl
..To see, Aminadab, thy Boots on fire ?"
And thou stand harmless in the burning glow 16,
.. All ! Friend, dost thou so of discernment lack—
Art thou so far of common knowledge ba'rren,
Not to perceive 'fis but the radiant black
That's m.nufactued by Friend Robert Warren ?
", Last night this Blacking sav'd me from the grave :
For, idly saunt'fing on the Thames's side,
1 sudden fell into the billowy wave,
And soon had sunk for ever in the tide,—
" Had not the moon on s% cast a beam,
And show'd a boatman near his sallow hide,
Who, by their bloom allur'd, came near their gleam,
And dragg'd me, fainting, from the whelming tide?"
This easy shining and brilliant Blacking, prepared by
ROBERT WARREN, 30, STRAND, LON t/ON ; and
soli in every Town in the Kingdom. Liquid, in bottles,
and Paste Blacking, in pots, at 6d., I2d. and 18d. each.
Be particular to inquire for Warren's, SO, Strand, All
others are counterfeit.

REPORT OF THE COMMITTEE OF

WAYS AND MEANS.

(From the "New York Standard" of March 7.)

The views of the committee ag iinst the renewal of tSe
charter of the Bank of the United States, and the resto-
ration of the deposits, are clearly presented. They are
decisively followed out by suitable resolutions, which we
have no doubt will receive the sanction of a I irge majority
of the immediate representatives of the people, and thus
seal the fate of the corrupt colossal tyranny, which has a
foot upon each state in the republic.
The committee give their opinions at large upon the
subject of the state bank agency in the management of
the public finances. They show that reliance on them was
part of the long-sighted policy which induced the framers
of the constitution to reject the proposition to confer the
power of creating corporations upon Congress, and that it
was in fact the resort of the confederacy before, as well as
after, the adoption of the constitution. They propose,
however, to begin a new era and to throw new safeguards
around the public deposits, by specific legislation upon the
subject.
To secure the pecuniary interests of the government
yet intrusted to the Bank of the United States, and to as-
certain to what extent the abuses have gone, and how far
it has contributed to produce the present comtnercial dis-
tress complained of, a full and searching inquiry into its
management is proposed.
The report will doubtless be read with intense interest
by all classes of our countrymen. The questions it dis-
cusses are of vital interest, not only to the present gene-
ration but to unborn millions. Toe decision of them in-
volves not merely the fate of the Bank but the fate of the
government. .

We give below the resolutions and the concluding por-
tion of the report, being all that our limits will enable us
to give to-day.

" CONCLUSION OF THE REPORT."

"It will be seen by the views already taken by the
committee, that in their opinion the deposits have been
lawfully removed from the Bank of the United States, and
the money now in the Treasury has been legally deposited
in the state banks.

"In these circumstances it remains to be considered
whether any, and if any, what legislation is necessary in
consequence of the change of the deposits.
" It is the opinion of the committee that the bank of
the United States ought not to he re-chartered. The
constitutional objections to it are, in their judgment, insu-
perable; and it its charter could be justified by the con•

" And after the great abuses of which it has been guilty,
a re-charter, under any modifications, would be offering
the high legislative sanction and approbation of Congress
to the various acts of misconduct detailed in this and for-
mer report to Congress. It is impossible that a corpo-
ration which is proved to have used its money to corrupt
the press, to influence elections, and control the govern-
ment, can ever be selected as the peculiar object of the
favour and bounty of the government. The Bank ought
not, therefore, to be rechartered on any terms; and as the
charter ought not to be renewed, it is manifest that the
deposits ought not to be restored to it, for, setting aside
the various acts of misconduct by which the present cor-
poration has justly forfeited the public confidence, it is
obvious that the restoration of the deposits to the present
Bank, to be removed again in two years, would produce
nothing but the moat serious evil and distress to the
country, without any possible advantage. The restoration
of the deposits, and the re- charter of the Bank, are, in the
judgment of the committee, inseparably connected together,
and neither can with any propriety be adopted without the
other. _ _

" The question then arises, whether the state banks
should be continued as the fiscal agents of the Government.
" The committee are satisfied that the state banks are
fully competent to perform all the services which .the ge-
neral Government ought tq require in the collection and
disbursement of the revenue, and to afford ago all the
facilities to the internal commerce and exchanges of the
country which have been derived from the Bank of the
United States.

" The collection and disbursement of the public reve-
nues may be safely placed where the sages who framed
the constitution left it. They did not deem a national
bank essential, either to the Government they were form-
ing, or to.' the successful administration of its finances.
The opinion has already keen expressed that the state
banks are competent to perform all the duties which the
Government or the public convenience may require, and
there are many circumstances which strongly recommend
them to a preference over the Bank of the United
States. No one of them can exercise a general control
over all the others, and expand and contract the whole
currency of the country at its pleasure, to favour
the private speculations of individuals, or to increase its
own profits; and they can never combine together for
political object., nor hope to gain possession of the Govern-
ment, and control its operations. The state banks are now
firmly interwoven with the institutions of the country.
They are generally under the management of citizens as
respectable, as trustworthy, as any directors of the Bank
of the United States ; and it would be unjust, and con-
trary to the spirit of our institutions, for Congress to sus-
tain a great moneyed pryer to overawe and oppress them,
and bring ruin upon multitudes of our citizens, whenever
cupidity or ambition shall tempt them to exercise their
power. The stock of the Bank of the United States has
fallen, for the most part, into the hands of the great capi-
talists of this and foreign countries, who have but little
sympathy for the suffering of our people, when their
own sordid or ambitious views mike it their interest to
inflict it.

" If it should be urged as an objection to the state
banks, that they cannot afford a general currency, the an-
swer is obvious. If it were necessary to create a paper
currency, possessing qual credit with that of the present
Bank of the United States, the object can be as well ac-
complished with the state banks as with the bulk of the
United States. The provision which has made the latter
current everywhere is the clause in thecharter which com-
pels the government to la ceive their notes in payment
of all debts due to the public, and a similar provision in
favour ti the state banks, which might be selected as the
depositories of the money of the United States, would im-
mediately make their notes equa:ly current, and insure for
them equal confidence in any part of the United States.
" But the committee are not prepared to recommend
the adoption of such a measure. They are convinced that
all which public convenience requires in this respect will
soon he accomplished by arrangements among the banks
themselvis; and that there ought to be no legislation of
Congress for the purpose of establishing a currency of
paper.
"The main object of legislation should be to enlarge
the basis of specie, on which the paper circulation of the
State banks is to depend for support. And the committee
are persuaded, that by the adoption of the state banks as
the fiscal agents of the general Government, and a judicious
course of legislation founded upon it, a sounder state of
the currency than now exists would soon be attained, and
the country rescued permanently from the danger of
those sudden expansions and contractions of the
paper currency which have been constantly succeed-
ing each other since the Bank of the United States
was established, and which have brought such severe
and extensive evils upon the country. The aid and
co-operation or the several states may be relied on to
banish gradually the smaller notes, and introduce in their
place silver and gold, for ordinary domestic purposes, and
the convenience of travel between distant places. Such a
reform is strongly called for by sound policy and the best
interests of the country, and the accomplishment of an
object so desirable may be mainly accelerated by laws
passed by Congress, adjusting the standard of value of our
coins, and regulating the deposits and collection of the re.
venue. If gold and silver were brought into common use,
and the small notes banished from circulation, payments of
small sums'would probably be made in specie. The great
object is not to diminish the amount of the ordinary cir-
culating medium, but to give it a broader and firmer foun-
dation on the precious metals.
" With these views, the committee are of opinion that
the state banks ought to be continued as the depo-
sitories of the money of the United States, and that mea-
sures ought forthwith to he taken to regulate by law the
manner in which they shall be selected, and to insure the
, safety of the public money.
" According to the law, as it now stands, the duty of
selecting the banks, and of prescribing the securities to be
taken, is devolved upon the Secretary of the Treasury,
under the supervision of the President. This power has
been heretofore exercised by the head of the Treasury De-
partment, and in a manner advantageous to the public,
and it is not doubted, if the law should continue un-
changed, that it may and will continue to be so exercised
by the head of that department ; yet it is the opinion of
the committee, that discretionary power should never be
given, in any case, to any officer of the Government, where
it can be regulated and defined by law. They think that
it would be more consistent with the principles of our
Government for Congress to regulate by law the mode of
selecting the fiscal agents, the securities proper to be
taken, the duties they shall be repuired to perform, and
the terms on which they shall be employed.
"In accordance with these views, they accordingly re-
port for the consideration of the house, resolutions declar-
ing that the Bank of the United States ought not to be
re-chartered, and that the state banks ought to continue
to be employed as the fiscal agents of the Government,
under such regulations as Congress shall prescribe.
a Before they close this report the committee consider it
to be their duty to stare, that in their judgment a necessity
exists for an immediate examination into the conduct of
the Bank, and they proceed to state the grounds which
make it absolutely necessary that a strict and rigorous
scrutiny should be instituted. They think such an ex-
amination necessary in reference to the security of the
interests which the United States as a stockholder have in
the Bank, as well as to correct, as far as practicable, the
abuses of which it has been guilty, and to prevent it from
wing its corporate power and money for purFoses of cor-
ruption and oppression.
"Numerous memorials have been referred to the com-
mittee, complaining of embarrassments in mercantile
transactions, some attributing them to the removal of the
deposits, and others chiefly to the subsequent conduct o
the Bank of the United States. That serious embarrass
ments exist in many of the commercial cities cannot be
doubted, and it seems necessary clearly to ascertain the
cause before an attempt he made to prescribe the remedy.
The powers possessed by the committee are inadequate to
that object, and they are unable to do more at present
than to submit the facts which have come to their know-
ledge, with the course they seem to suggest. That the
simple transfer of a sum of money from one bank of
deposit to another could have produced the commercial
embarrassments complained of is impossible. The public
deposits have not been annihilated, nor have they been
transferred from the country : they are still in the country,
and in the use of the community.
It is in vain that they look for the cause of the