Phenix gazette. [volume] (Alexandria [D.C.]) 1825-1833, 1833-04-18
su,ycToS CORRESPONDENCE.
V.sHNGros, ID I. APiii IL TO-

T.. ,bo 9TH IT March re'h'iAe'' ."a, ""'
U0 '"' ,"o If the names Ct the principal STOCK
10 P'''tSi in mi, uuartcr, AMI that elrcumstan'
,srd,r il expedlent 10, ~ TO transmit
tr' ~'-', -" c,r ratification. The remarks have
'eh w. ,uiberal animld'ersions. from
l'iT' .E,,,s or hang.rOa, OF The Navy es'ao'
ut To thi, gentleman, permit me 10 say
''i H., soo,c not ,ehai yo" do. Your soPer'o's
ustsn,snd we' NJ =; tl com.
ga ;,b mn, cabinet responsible ana IRE
n. ., %t. 6oniy persuaded thit the bank could
','' '.,.,,nJ he cns,binrd attacks which we're
'-i 49, ,,J were 20 be made upon II, Oeilev-
"1' %', the market pIice oi H. stock, oS some
-, work. wuu!d he reduced, ireaty or
.i,,,, yer cent below par, Determined u sei' 'u'
- S5Cge the dissolution oi the oahN' A'-
10y. he entered intu a written contract 10
- iro h,pIrfi shares at the Z. ,. Bank
.,,s within ole year at teG per Hnf, oeIo" par
- r. 6ll This contract new, he must sustain loss
f,s t5,y,gDt d0l!aTS. THIS proves to m',
d, 49,, o,Isa, tar understands hshtlns ship,
,,'',, bpIter than he does stock jobbns, even
IN ,le aid and advice OF the President, Mr..
g,,dM and MIR Blair. Hereafter, may give
'"n n,brr details, TINS isolated case is eStorted
on me, a, thu, moment, by the silly invecu'e
| Of an ndr,cteet Individual
The renewal Of the public deposits is yet the
,ybi.cr Of IDLE hHis tate The nu-p4rns war.
,'g y ". p,,,,arI NJ. ro,di,,ors. AGAINST the
m' W ~ -, ~, Dnmb,, of ira
hoN' T''! "' r. m ,r,n, ,C :, com
0end'' i''' '''>''' - IT,,
'.'i''' W :, ,,,,,r al. which have
~, a,,,,;rss and
F"'', ~ 1T -, ~ ,rd,. o.,Iv
''''' ii'r W." san,; ;vs
I't '',,s ,,n,,,,r, viva, 49, tho many
W., :" NJ .ndsr.,,nd ,h.;r oan in.
o, r,r themselves and
u.s. .o fIs3,o IN tho h.,t g M, "nlv nrsb,ken
Sm, r,s,,Jy ,rrre,.ol ,itbr, f.v con,hs Tie
,,mI,ra ,Lerseors IN rho sI,ct - f., from in
Irc,,, .. ,,s rnn,en,,I,t.J t1;. class If chi.
Ron. ~ ..u an, has increased III. numher of
,ha... -, E.. IT, .,,,.,.o ,,r ,L;n =
,,,, ,,,o.,,r.nt r,ar Nv hpcor,. cnry;nr'.,I
,ba, # The hank s,nnIj M, he re-cbar,creJ. il
will dnld, a,,oo il, ,roekhaldars. from FIR 70
,sa Dsr cent. above mar.
Nor arc the great body Of the neon,e ina,trn.
tive observers of passing evea,s. S.,d,h pniiti.
caaS. nerlenary stock .inbbrrS. and unnrinripl.d
dcmasosups ma, imagine that they can mood wink
the community, when /, suits their nur,,.es.-
They are bpt too frequently successful But
never when they provoke inuniry and discussion,
as in the case Of The Bank, There is a re.ac,inn
on his suGlert. aud tue mast beneficial results
mas be anticipated.
va The deposits BE- removed? Neyer.un pas
son Prcdomnates over rea,cn. Bu, what has the
bank to apprebend, it it should be duurs Moth.
my Viii they be loOsers? No; hut gamers
'mmea'urabIy, It they perform their duty to their
stockholders | do not speak without reflection,
S'en say mos, cOnscientously believe. that
~ o'nN N The city Ut \. Y. could continue spe-
S lnme0'' iOr thirty days after such removal of
.T POnlc ce'po'lis. without tie aid or forbear-
1",' VI "e United States Bank, Ii the local in
s''u''0n' should suspend specie payments, what
TGD Of your whole circulating med,ums-
t "a4I q, OF >olr b"a'ted safety luudi we'll know
.''u'I'' u Is TO make the great body Of the
~ understand the subjects Of currency and
,THns' bat can easily convince the n,iiia
80, ~a' l. too, have been behind the curtain.
ia'sert, then, that no state bank m your ci,v
s ~" CGl'e't the government money, transfer ITS
,.uu' hom place to place, and preserve under.
a.e rate OF exchange between one State and
,!' PAYMENTS, but ,brou,h tho ,oL,lo"noo rs ,"a
e'ed States Bank. Because, hy the charter If
lls bank, thor ro,.. ~, N"n' W. VI