Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1834-02-03

A. The interval between the second
and tnfo peiious' ~ = e'N's CSC, 1873 80
While the discounts increased only 50, o5S 40
And in the interval between the ISL
ana las. poi'o1s' 80 2S7, O65 33
CREASE =. e,;.oorn+s onlu a. 11S, 10
nue;np these periods, the line Of private de-
nostes did not materially vary, consequently
could not influence the subject.
If then. this be the mode in which the league
Banks distribute the fund which the oniteu
States Bank and its Branches have peen coln-
ne]led TO call in, for the purpose OF paying
the Government, or rather for the purpose OF
Ioaning by the Government to the State Banks,
how can It be expected that relief is to De al
Hforded? Sir, it is notorious thatrellef mas not
been afforded; the pecunlary pressure every
where proclaims the contrary. III the nature Vi
the thing it can but be So Look TO the OPP
GRAFTON Of the measure as stated IN lhs WY y
report. The intelligent officer at the head OF
this Union Bank, tells you in eftectlt must De so.
OF his willingness to sustain the Administrator
in this measure, ne has given full PROOF, py
gratuitousiy presenting himselfi in the charac-
ter Of its advocate in the public Journals OF the
day. and of his sagacity and acuteness, on these
subjects no man doubts who knows him. ct
sir he gives testimony on this subject in the fol-
lowing language, taken from letter addressed
to the Secretary on the 22d October.
81 think it cannot be doubted that as long as
the Branch Bank continues to curtall It's dlS-
counts that a pressure for money Will pc lett
here; nor that in the proportion that We extend
our discounts to relieve this pressure, that we
shall fall in debt to that Bank, Tor Wilch she
will draw upon us for com" :,
Sir. the Bank must "curtal its discounts"
for the ensuing two years if its affairs are to be
wound up; and during all that time the State
Banks. the pet banks, are to be restrained from
extending their discounts, tor the very good rea-
son that it exposes them to danger and loss
Mr.. c.. said he regretted that the statements
did not come down to later period than De-
cember. He hoped his friend, the Chairman OF
the Finance Committee, would call tor them; ana
he ventured to predict that they would confirm
the fact now found to exist in the Union Bank,
and probably to a larger degree No, sir, no.,
sir, there is no escape through that avenue
PERJURY and ruin for four years, unmltlgdted
and hopeless, was determined by the Admins
tration to be the bitter portion of the suffering,
supplicating community. Whether the cup
would then be drained, or whether still more
wretched state of existence awaited us thereaf-
ter he should not now attempt to show.
Mr. President, there is one class OF dolatry
in the creed of which it is taught that honor and
glory, and fame are secured by selflmmola-
ton; and the misguided victim voluntarily pros
trates himself before the desolating car OF Jug
gernaut, to satiate the imputed appetite OF his
wooden god. We have heard it said, in our
day, that it was "honor enough" for one man
to have served in a distinguished office under
the great Chief who is now the Lord Of the as
cendant Whether his devoted worshpers are
willing to obey this new behest and present
their fortunes and their hopes, voluntary sac
rifice, to be ruined and crushed by this intend
ed movement of their political Juggernaut, time
alone will disclose The humble individual who
addresses you, worships at no such shrine, and
certainly will not be numbered amongst the de-
luded victimso such heresy: he is ambitious OF
no such martyrdom and means to die no such
death