Alexandria gazette & daily advertiser. [volume] (Alexandria [Va.]) 1817-1822, 1819-11-23
UNITED STATES BANK.

| UNITED STATES BANK.
The report of the Committee of the Stock
| holders of the bank of the United States. da-
ted the 9Th inst, signed WIN. DRAYTON,
chairman, and ordered TO be published I'M
der the direction off Gales, Jr. Secretary,
contains the following paragraph, viz
=" In the city of Philadelphia, the local
| banks have received from the parent bank
l,l5o,972 dollars in specie, more than they
have paid to it. No documents which the
| committee have been possessed of, exhibit
the Specie transactions between the bank of
the United States and its offices and the To-
cal banks generally, but the books of the in
stitution in the city shew that the balances
due to it by the local banks amount TO g.
5o2, 65S, and that the balances due by it to
the local banks amount to GAL 900 dolls. ma
nifestng that the large sum OF | ,56i ,658 dol
lars remains due to the institution, for which
it is entitled to demand specie, but which it
has furborne to do although, in order to
support the credit of the country, it has pur-
chased great quantities Of specie at coDsi-
derable expense.
In the National Intelligencer Of the 18th
inst. edited by the Secretary of the commit
tee, and of the stockholders, writer, in re-
ference to this part OF tie report, makes an
assertion in the following words, viz:
Numerous state banks have failed, and
by the report those in Philadelphia are
much indebted to the Bank of the U. States,
and must soon be broken of if they aid mer-
chants to pay Duties to Government.
From the want of more perspicuity, and
more just arrangement of the words Of the
report an impression has been made, not on
ly on the mind OF the writer in the lntell-
gencer, but extensively in the United States,
that, at the date of the report, the banks in
Philadelphia were indebted to the banks of
the United States, $500, 5G8, and that the
bank of the United States at the same time,
was indebted to the banks in Phiadel phia
GAL 900 dollars, manifesting that the large
sum of 1861 ,65S dollars was due as an ag-
gregate balance from the banks in Philadel-
phia, and for which the bank of the United
States was entitled to demand specie.
To correct an impression so prejudicial 70
the credit of the Banks in Philadelphia, the
undersigned deem it their duty to state, that
in bringing into one collected view the ba-
lances between the bank Of the u. States
and the banks of Philadelphia, il appears
that, on the said 9Th inst. there was due to
the bank of the United States from some of
the said banks the amount of 6S, I36, and due
by the bank OF the U. States, to the rest of
the said banks the amount Of 49,o55 dolls.
showing The balance in favor OF the bank of
the U. States 10 be Ia, OBJ dolls. which was
the only sum for which the bank of the U.
States was entitled to demand specie, on that
day, from the local banks in Philadelphia.
H. DRiNKER,
Cashier uf the bank of North America.
E. CHAUNCEY,
Cashier Of the Bank of Pennsylvania.
@, CAMPBELL,
Cashier of the Philadelphia Bank.
HENRY kUHL,
Cashier of the Farmer l. Mechanics Bank.
JOSEPH WILLIAMS,
Cashier of the Commercial Bank of
Pennsylvania.
S. WILCOX,
Cashier of the Mechanics Bank of the
City and County Of Philadelphia.
THOS. WILSON,
Cashier OF the Schuylkill Bank in the
city of Philadelphia.
D. VAUDEVILLE,
Cashier Of the Bank the Northern Ii
berries.
IL s Rank Sfnck--At PHILADELPHIA Goth