Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1819-11-30
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ROBERT RALSTON Sec'rg.
Philadelphia Banks versus the Bank of the
United MATES .

Philadelphia Banks versus the Bank of the
United States
We published, the other dQg, ,cithOr comment
statement signed by the Cashiers ~ the seuerai
Bd'hS Or philadelphia explanatory Of the state Of
TIE account current betTeen them and the Baah o I
tie United States. II any aaiscoHcepfion erisfed
on the SUBJECT At appeared to MS perfectly proper
that IL should be cleared up. Ne aid not sapposp.
ho.rerer, that IL could be tabrn for granted this
Stot eDleDt diaVt0yed apy thiag contained in
Col. DrayiOnS Report ca ihe Stockholders of the
EGnk IF the Lnited states, accepted by them, and
pn5t,shpd by Their CVtt0Tity H ,rrs presumed
haf inc passage Of The report tcoutd be re-eran,n
ca, by tGoSe whO ts gRg interest iN the matter and
that nothing ,ropd be t0und IN IL conflicting Uifh
"a ddtflocaf al the Phi'adeiphid Il nts. Ne are
nor apWizrd. hoarerer. BY the dierdRdria Her
able SeRsbiHty and THAT tie Editors of The Her
dtd d'0aH wW aarietgd drreiopeB,enf .jastifca-
tory Of the report of tie committee IL is no part
% our business 10 Justify the report of the com
mhtes; BIT II rs an act Of Justice to The uey res
Pfeiabie gentiepn mhO composed the committee
10 see Uhut is they hare said that has so EeenIu
ercltcd tie SeHsi6d'ty of the PHILADELPHIA Banks
ma ~ nor appears of some part Of the Public,
Detore H'hoSe ttte parties stand. We there
fore quote beioW the passage Of the Report ,cLich
ms been made the subject 0f remark That pdper
trdS prOba6ty drd,cH up IN hustle and not expected
70 ne the subject " reTy NICE and UerbaL criticism
The meaning, hocerer, Of the disputed passage is
ObuiOusiy Spchas In tie ala of the icOris iptr0du
Pear to those chO hare hitherto tut hastiiy glan-
cPd their rycs orerH and uhich, for our put, IRE
do not see hoW aHy ditHtire reader coud haUe mis-
understood:
In the city of Philadelphia, the local banks
have received from the parent lianh, I,I5O,972
dollars IN spesie more than they have paid to
IL. No documents which tie committee have
been pO' scssed OF exhibit the specie transactions
between lhe Bank of the United states and its
oftires, ard the local bank generally; Ithai is
throughout the United Staiesi but the books
&c the institution IN this city filat is of the
Pafept Bank shew, that the balances due To ia
hy he local banks lgenerally, i. e. throughout
~" United -la,esI amount 80 2502 eos dollars
AND that the balance due il lay the local banks
gen rally, 1. e throughout fhe United StaIesl
anouuI 90 9il 600 ~ -; manIiestingtlidt the
large sam OF ,j6i GjS dollars remains due 10 the
in,'' mon, from the local banks generally,
thoue hout tie United Sites aud for which il
is entitled to demand specie, but whici, il has
iOrDorue TO do :; although. in order to upport
the credit of the country, il has purchased
great quantities Of specie at a considerable ex-
pence
Vdh Gte qbore iHferlipeafions tchich TO hare in
sericd V1Kidk are bCCi VjWecrsgry rcdhHd0Rcy, IL
appears INT B0fjag lros Sid ~ the Report respect.
ihg tie Pki'aGetytid Ba5tts nor any nH,,,ion in
tcHdtd &c fhfM CEceyi ~ tie bra stJteHcP of The
paragraph cb0re Yyofed
H0ce,cr, pcTh9ys. gffe MI, ne IRE mistaken, rs
MEyU0ge Is cObdhie If raJ2ygs c0Hsf rHcflODS, md
0djNeIrEf construction kns dctWnily beeG PIT on
the pGt0grIyd BY Il Wyjter IN ftis piper, HHdcr tic
sigV0tEge 81 PkilO- Homo, WkicS AZ has bcCn
hOVeht necessary - rciH(e IN n formal statement
NnGerfhe sigtdtErf NJ s.ehi CdstiCry Of DaBis IN
the CITY 81 PhHadetDhH. MAI. lat.