American watchman and Delaware advertiser. [volume] (Wilmington, Del.) 1822-1828, 1824-05-21

resolution Of congresss But preliminary question
presents itself: Did such contracts exist? They can
no be found in the documents nor has the Secre-
tary donc more on this point than to assert his opE.
ion as to the construction, W HIGH unfortunately for
him is contradcted by his own letters publish
Cd. In relation to The Missouri bank, he admits
that the second contract obliged il TO account for
the deposits cash but in relation to the bank of
Edwardsville, he says Of the same contract, that he
did understand it obliging the bank to guar
antee the notes, deposited; that he considered the
word cash as mere term of distinction from spe-
cial deposits, but not to mean money. One eypla-
nation il admissible, relieves him from the charge
of receiving deprecated notes from the Missouri
bauk the other, the new definition of the word cash
in his contract, relieves him from the same charge
as to the bank of Edwardsye.
AS u the suppression of documents, he refers to
an erroneous punctuation in the resolution oil con-
Press as sent TO him by the clerk, which gave it a
mole limited construction than was intended that
the omissions inadvertent as to certain letters
and extracts oil letters given because the other
parts of delicate nature, not useful to be pub
lished
On the management OF the public funds, he gives
the recommendation and solicitation OF the western
banks and some members OF congress, among which
are found some letters informing him that there
not money enough in the country pay for one
tenth OF the land entered, from which it is be in
ferTeu th5t the otcTttafy was called upon TO allow
them to pay in that which was not money He rests
this part OF his defence the solicitations he recev
ed, and on the difficulties Of the times. The latter
is good as far as it goes but the truth is,
tina The Secretary either did not understand the sub
jeet. seeking to gain Ill-deserved popula-
riIy by his indulgence to the western banks.
1t is apparent from the correspondence, that as
he found the United States bank becoming unpopu.
lar in the western country, he threw himself into
the arms of the state banks The first one he gave
accrtrs' and deposit to- resounded many fine things
about tie secretarys popularity 10 the west but
alter stopped payment and secut ed the whole depos
il to itself. The error consisted without referring
to the motive, III giving aid to state banks, which
enabled hem to extend lcentious credit to those
inclined to purchase public land BY this means
thousands became indebted to the banks for money
or rather notes borrowed to buy land with, which
they would not have done, if the temp alton had no,
been offered Experiences the test OF wisdom, and
this proves that the plan pursued was extremely
bad, Tor 1t lett The country impoverished, the banks
broken, and the whole people indebted to the gov
ernmen,, 10 the enormous sum OF % millions MOI
than one third of which has been relinqushed and
bill is now its passage before congress to relin.
qush Two thirds OF the balance, and take back The
land.
But the most serious charge OF all the suppression
OF certain documents called for by the house Of rep
resenatives, to the negro smuggling, has not been
noticed By Mr.. Crawford in his reply. L is re-
markabe fact. | understand that the National In
telhgtncer will not publish any illusion to that
transaction /; and that Mr.. Crawford should stand
mute under ii, at this crisis, is not 10 be wondered
at -