Alexandria gazette & daily advertiser. [volume] (Alexandria [Va.]) 1817-1822, 1822-01-12

those colonies. tie wlsutu utdt
information might be obtained on thls
s,biect and was salts q that the House
would be convinced On full In'esi-
CATION, that there was no reasonable i'n-
oediment in The way the OBJECT OF inc
resolution.
Mr.. Smith, OF Maryland, proposed that
the resolution be laid on the table, 10
allow time to prepare an amen1ment'
for the purpose of making it more com
prehensive; to which the mover assented.
Ga motion Of MI. Williams OF N. Z. Il
was
Resoioed, That the committee on PEN
SONS and revolutionary claims be lnstruc-
ted to inquire INTO the expediency OF pla'
cling on the pension List Edward Mosby,
a citizen OF North Carolina,
UNAVAILABLE FUNDS, &c.
On motion of MIR. Cook, the House a.
greed TO consider the resolution by INN
submitted, calling tor information from
lne Secretary OF the Treasury, relative to
the unavailable funds OF that department.
Mr.. Rankin had no objection to the SUBJ
stance of the resolution before the House,
bul he thought the form oft might be va
ried with advantage II it was made to
occupy so much space as ITS terms would
embrace, it would be so complex and vo-
luminous, that It would never be exsmin-
ed.with that atentIon which IT'S Importance
required. With these impressions. he
would propose TO strike out all that part OF
the resolution that follows the word he
solved" and to insert in lieu thereof,
The following:
Resoived, That the secretary OF the
Treasury be directed 10 inform this house
what amount OF the public money, termed
in this report OF the 18th OF February 1921,
special deposits in certain local eaDks, :"
has since that time been PAID, and what
measures have been adopted, 20 secure
the residue OF such deposits; what other
sums, since that report, he has ascertained
to be added to the pubic funds not avail
able, with the places where the same are
situated, and the causes which may have
rendered lhem unavailable; also what
notes of the local banks he may nave IN
struCted the receivers OF public moneys 10
take in payment for public lands, at the
several land Offices OF the United States,
and the rules and reasons that nay nave
governed him IN giving such Instructions;
whether the notes of any back; not re-
deeming its notes by specie, have been,
or now are, made receivable al such 9TH
ces; andiwhat legislative provisions, II any
are necessary 10 prevent an accumulation
of unavailable funds arising from the Pro-
ceeds OF the sales OF public lands, anu Tor
transmitting the moneys received at the
several land offices, 10 tie treasury OF
the United States, CT other safe places OF
deposite.
Mr.. Cook opposed the amendment.
On former Gay, the gentleman from
Mississippi. (Mr. R.. had submitted a
resolution embracing the general obJec,
Of the present inquiry TO Wal h he Mr..
c. had proposed an addition. 1t was
too complex, and, on motion OF gentle
man from Kentucky, MIR. Hardin,J IL
WAS printed and ordered to be laid on
the table. From that situation it had
not been called up either by the origina
mover, or by the gentleman from Ken
lucky. He (Mr. c. was satisfied, how
ever, that even the original proposition
as amended, did not sufficiently embrace
all the proper objects of inquiry. He
entertained no doubt that the Secretary
of the Treasury could arrange the sub
iects referred to in such a manner as tc
be clearly understood by the House. II
was we'll known, that nearl y a million
of dollars had been deposited in certain
local banks that were properly describ'
ed under the designation Of unavailable
funds. In these times district scrutiny,
it was desirable to know why & where
fore these funds had become unayaila.
BILE. Ii had been said, chow correctly
lie could not pretend to say. that these
deposites had been made after the credi
Of the banks had become SO far impair
ed that individuals would not deposit.
their own money in them. 1t was sup
posed that The Secretary ofthe Treasur,
knew the condition of the banks il
:, ich the deposites were made, and i
was desirable that the correspondence
on that subject be laid before the house
In the Western country, banks had fail
ed soon after the deposits were made
and in one bank particularly rumor ha'
declared that deposits had been mad
the time Of its failure to the amour
of l52 900 dollars, of which $4,000 dol
lars had been deposited after it wa
known that its credit, if not desperate
was doubtful. There was another poin
of view in which this inquiry was i'm