Richmond palladium. [volume] (Richmond, Wayne County, Ind.) 1831-1837, 1833-12-21
IN SENATE.
TUESDAY Morning, Dec. 10, 1888.

Mr.. Webster presented a petition
from citizens of the city of Cincinnati,
praying Congress, to purchase all prl-
waite interests in the Louisville and
Portland canal: which was laid on the
table and ordered to be printed.
/ Mr.. Clay, on leave given, intredu-
eed a bill to appropriate for limited
time the proceeds of the sales Of the
public lands.
MIR. Clay said tina. the bill contain
ed no material alteration from that of
last Session, and Oh his motion, the bill
was read the first time by its title.
! MIR. Clay moved to take up for con-
sldeTation the resolution submitted by
Mr.. Benton in relation to tn, AMOUNT
Of moneys deposited in the Bank of
the United States, which was agreed
to, when
! Mr.. Clay offered the following a
mendmeut, as an additional resoiu
ton; which Was read and agreed to:
ind Resoiced, also, That the Score
tary of the Treasury be directed to
report to the Senate the names OF all
Banks, and where the, are respective
| ly situated, which nave been selected
by HIM, in place Of the bank Of the Il.
States, as repositories of the puolic
money; the amount Of the capital Of
the said Banks respectively, distin-
gushing between what mas been actu-
ally paid in by the stockholders, and
what has not been paid; the amount Of
public money IN eaca Of the said banks,
on the first IF October, the ir>t OF No
vemhcr, and the FIRST of December,
1888, distinguishing between the sums
star ding to the individual credit Of the
United States, a,d those standing to
the credit Of at'y public officer, OF 9th
Ter distinguished agent of the Govern
ment; the amount of debts due from
each of the said Banks Oh each Of the
days aforesaid the amount of notes in
cirCulatiun; aud the amount Of specie
iii their vaults, respectively the names
of the stoC K loi iers in each nfthe said
Banks on the first day o. September.
and the first day of october last, dis
tingui,ting between foreigners and cit
KS of the United States; the mode |
in which transfers OF the public none,
were made from ae Bank of the UNI i
ted States 10 the said Banks, respec- /
lively, whether by warrants or other-l
wise; # by warrants, whether they /
were issued IL pursuance OF appropTi-
atoms previousl, made BY law; and
whether auy such transfers were re-
quested ny the said Banks, or either of
them, OF made by the Treasury to sus-
tain the credit of the said Bank. or
any of them; and ii copy of all the cor
responde ace betn cen the Department
of the Treasury and the said Banks. or
either of them, relating to the said
transfers. OF any Of them; at VIVA pc
RODS tee several charters Of the Banks
50 designated as repositories Of the
puollc money expire; copies Of the
SAID Charte rs; and whether the Score
tary of the Trea-ur, mas been able to
obtain, at I'll the ports of the United
States at which Banks are established
the consent Of Banks to receive in de-
post, the public money on such condi-
tons as he approved, ard if not, a,
" hat ports has he been unable to OBJ
tain such consent.
Mr.. Forsyth on leave give, pre-
sented a bill to provide for he fulfil
aren't of the compact Of l>O2, between
the United States and Georgia.
Mr.. Clay moved that the Report OF
the Secretary in relation to the reno !, |.
val Of the public deposits be taken up
and considered.
Mr.. L. said that the charter Of the :
Bank Of the United States provided a
for the opposite of the public moneys n
in that Bank and its branches. Ii al
so vests in the Secretary Of the Trea- n
'ury, the power Of removing them to il
other places Of deposite when he may $
think proper; but it also requires him o
70 give his reasons for SO doing to the
next Congress. The removal Of the
iePosltes had taken place, aud the
Secretary had told Us it was by his or },
der, and he submitted his reasons for !
doing so. When the charter Of the \
Bank authorized IA removal Of the pub o
nc moneys from its vaults, it intended a
and expected, that when the act was
done, some sutfio lent reasons should be lc
given tor II, and that Congress should I
look at them and examine into theirIy
sufflcleney. Those reasons are no 4