Phenix gazette. [volume] (Alexandria [D.C.]) 1825-1833, 1833-12-06
APPENDIX.
No. l..
From the Globe OF Sept 20 1853.

No. I.
From the Globe Of Sept 20 1853.
awe are authorized to state that the dep0sites
of the public money will be changed. from the
Bank OF the United States to the State Banks, as
soon as necessary arrangements can be made tor
that purpose, and that il is believed they can be
completed in Baltimore, PhiIadeIp hia, New York
and Boston, in time to make the change by the
first Of October, and perhaps sooner, II circum.
stances should render an earlier acton necessary
on the part of the Government.
"It is contemplated, we understand, not to
remove at once, the whole Of the public money
now on deposite in the Bank Of the United States,
but to suffer it to remain there until 1t shall be
gradually withdrawn by the usual operations OF
the Government. And this plan Is adopted IN
order to prevent any necessity on the part OF the
Bank of the United States, for pressing upon the
commercial community; and to enable 1t to al
ford, il it think proper the usual facilities 10 the
merchants. 1t is believed, that by tins means
the change need not produce any inconvenience
to the commercial community. and that circum.
stances will not require sudden and heavy call
on the Bank Of the United States SO as to coca
sion embarrassment to the institution or the pub.
lie. -
The Secretary of the Treasury to the President Of the
United States
Treasury DEPARTMENT.,
Sept. 2lst, 1888.
SIR,-I have the honor to lay before you
]. A copy Of nv commission, empowering and
cnioining me 10 execute my duty according to
law, and authorizing me TO hold my office at
your pleasure.
@ A copy of nv oath Of office, wherein solemn
ly pledged myself 10 execute the trust commit.
ted to me with fidelity.
5. A copy of the 10th section Of the law charter.
ing the Bank of the United States, whereby
the discretion to discontinue the deposIte of
the public money in that bank, vas committed
to the secretary Of the treasury alone.
4. An extract from your letter to me OF the Goth
Of June, wherein you promise not to interfere
with the independent exercise OF the discretion,
committed to me by the abov ntioned) law
over the subject.
5. An extract from your exposition of the 18Th
inst. wherein you state. that you do not expect
me, at your request, order, or dictaton to do
any act, which | may believe to be illegal, or
which my conscience NAV condemn.
When you delivered to me, on the 9th inst.
the exposition of your views, above referred TO,
asked you, whether was to regard it as direc.
ton, by you to me, to remove the depostes: you
replied that it was your direction TO me to remove
the deposites but upon your responsibility; and
you had the goodness to add, that. if l would
stand by you, it would be the happiest day Of
your life.
Solemnly impressed with a profound sense of
my obligations to my country and myself; after
painful reflection. and upon my own impressions.
unaded by any advice such as expected. / re.
specially announce TO you sir, that refuse to
carry your directions into effect.
Not because | desire to Illustrate YOUR wishes
for it would be my pleasure to promote them.
il I could do so, consistently Nth superior Oh.
legations.
3 Not because desire to favor the Bank of The
United States, to which have ever been, am,
and ever shall be opposed.
S. Not to crafty any views, passions, or feelings
Of my own-but
4 Because consider the proposed change Of the
depository. in the absence OF all necessity, a
breach Of the public iaith.
s. Because the measure, il not in reality, appears
to be vindictive and arbitrary, not conservative
just.
6. Because If the bank has abused or perverted
its powers, the judiciary are able and willing
to punish; and in the last resort, the represen
tatives Of the people may do so.
Z. Because the last House Of Representatives of
the United States pronounced the public money
in the bank Of the United States safe.
8 Because, IL uader ne " circumstances, a change
OF depository ought to be made, the represen-
tatives OF the people. chosen since your appeal
TO them IN your veto message, will in few
weeks assemble, and be willing and able to do
their duty.
9. Because q change to local and irresponsible
banks will tend to shake public confidence and