Edwardsville spectator. [volume] (Edwardsville, Ill.) 1819-1826, 1824-09-07

that, if the Treasury has escaped loss,
1t has fallen on those who were entitled
to the gratitude and justice of their couh-
try. But have not pretended to allegc
any thing more upon this subject than the
mere TACT that more uncurrent notes were
received than has been stated by Mr..
Crawford and, therefore, il is not in
fcumbent on me 10 show, that the Trea-
sury has sustained any loss, or that the
Bank of Missouri has gained an advan-
tage at the expense of the poor pension
7ers on the government. | have not re-
presented these " as notes OF insolvent
banks" like those on some of the Bank
| OF Ohio actually were. But, | have no
doubt, that as much might have been
said in favor Of the receipt of some of
the other Tennessee notes, which Mr..
Crawford acknowledges were uncurren,,
as those on the Branches OF the Bank of
Tennessee. II, however, am bound to
pursue the subject further, for my own
Justification, then certainly have right
10 call tor, and should wish to see, The
proof on which Mr.. Crawford has predl-
| Gated the statement which he has made
to The Committee on this subject.
The next subject to which beg leave
10 call the attention OF the Committee, is
10 my fifth statement, in the following
words, viz.
That he has, in his report to the
House, misrepresonted the obligations
OF those banks, or some one OF them, at
least, and predicated thereon an indie
feasible excuse tor his conduct in re-
ceislng those uncurrent notes"
II is evident THAI | have been misap-
pretended IN regard to this statement.
certainly never intended to be under
stood, as alleging that Mr.. Crawford had
misrepresened tbs contracts which were
submitted vita his report; for myself
relied upon those contracts, and tie foet
that 10 pubic money had been received
! by he Banks oil EdwardsvIlle and Tom
beckbe, be,ere the date of their respec-
I'VE Contracts to pay cash for the depo-
sizes, tor proof my allegation.
Inc Conniuee justly consider this
<
previously made; and it will be seen.
inat, Tor specification thereof, | refer
red TO a preceding part OF the comma
nicatIon tnat contained it. This is ex.
pressed in tie following words, VIZ:
Being called on by resolution OF
lhe House OF Representative to state ,he
! amount OF oncurreh, poper which no r9-
ceived from the local banks tha, had
been made the repositories of public
money, received from the sale OF public
! lands, lie admits the receipt OF large
amount from the Banks OF Edwardsvl!le,
Missouri, ana Tomoeckbe. Bur, as all
excuse for his conduct, he represents
those notes to have been deposited in
these Banks " before the date OF their
contracts, under which they agreed TO
! account tor the public deposiles as spe-
cIc."
My opinion certainly is, that any state
meht which either adds 10 or dlnlnisites,
! the real obiig atoms oil those Banks, must
be misrepresentation OF their obliga.
tons; and taking Mr.. Crawlord's STAGE
ment to be correct, it implies the eSis-
tence Of obligations different from those
contained in " The contracts submitted
with his report" for the deposites could
not have been made before" the date
OF those contracts, without an expressed
or Implied contract thereupon, which
was not communicates, but which, from
! his statement, must be understood as
giving TO those banks right 10 tender
the money which he received from them.
My object, however, was to show thai
he had misstaled the fact, (" in saying
that the uncurreDt notes which he re-
ceived from the Banks Of EdwardsyiIIe
and Tombeckbe," had been Deposited in
these banks before the date of their con-
tracts, under which they agreed to ac-
count for the public depostes as spe-
Gle" And this statement l now beg
leave to submit, to the decision Of the
committee, holding myself ready, if the
com nittee have any doubts on the sub
| ject, to show tha, those deposites we're
M de in these banks after, aud not be.
fore, the date OF their contracts 10 pay
cash for them.
Mr.. Craw ford has labored to show
| that the interest of the western country
required the employment Of the local
banks as repositories OF public money.
| am not disposed to con,es, this point,
nor 10 deny that a ludicions employment
of solvent and prudent local banks, for
this purpose, might have afforded some
relief, though the principal objcc which
he seems to have had in view was TO re-
| lieye the Bank of The United States from