Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-01-02

stance, had called Tor thi. correspondence. , no a,o
menu Was called Tor They had asked Tor documents,
letters, evidence, and the Secretary had given-what.
an argunien'. As TO the and cone of the
agent, he had not been able find il in the report
ne gentleman nom Georgia might have had access to
tue documents and seen whs, he (alr CiayJ had no,
oeen able I" bud IN h" report in which il se.ed TO be
@,any omitted lie should heel happy, however. il the
Information was in any part Of the comnunica.
non As 70 the course aud authority Of MIR. Craw.
lord sustaining the Secretary he could only say. that
ne hah read the whole Of the CORE .pondeor OF Mr.
Crawford and would pledge himself to show at some
o'her time, that he had misguided in every Instance
where There was semhlAnce OF similarity between the
argument OF Mr. Crawford aud that Of the Secretary-
The powers assumed 10y the Secretary were
asserted by Mr. Crawford, ami they had been it would
tanning another.
The report aud documents then ordered be laid
on the table, ani be printed
Mr. Poind- xer, iron, the Committee on Public an,s
reported bil, which read aud ordered to second
reading.
PUBLIC pEposIrEs.
The Senate proceeded consider the special order of
tue day, the OF the Secretary of the Treasury and
the removal Of the depo.itcs
Mr. Clay resumed his Speech in support of his esolu
uons aud continued il with his ability and ANNA
ton until the usual hour OF adjournment wen not having
motion Tor adjournment Unwilling divide further the
report OF Mr. Gays Speech we reserve our uort o o
portion Of it, and shall give c,ion with the
remainder rs soon as IL all be pre- par ell
lhe Senate then adjourned.
HOUSE OF REPRESENTATIVES
number OF petitions aud papers were presep,.J and
referred to various Committees.
. 49, MEMORIAL FROM STATE RANKS.
~ Mr. bnney presented the following Memorial:
10 me senate and House Of Representatives.
0f the United States in Congress assembled:
The Memorial OF the undersigned the Presidents Of the
Sae Banks located IN the City and County Of Phadel-
pha scung under the authority Of the Boards Of Direc.
.rrs OF the several Banks, respectfully represent
NAT ihey address themselves your honorable bodies
as me guardians oil the general Interests of the country
anu as possessing alone the power Of remedyng the
s"g distress and OF averiing the greater caaniies which
are OBVIOUSLY impending.
That OF the first blessings nation can possess is
sound and well regulated solid and sure re-
ware OF industry, and the uniform measure Of property
"nu was moi me sest among the many advantages anti.
cpated nom the Constitution, that the whole Union womb
ny me legislative power be relieved and preserved from
me hangers and Disgrace Of dspraved and
circulating medium. Such a sound currency this nation
mas enjoyed, by means Of the Bank OF the United States
established by the wisdom Of Congress and the peculiar
occupation OF the undersigned iusties them in Stain
their conviction that il is owing in great degree 10 the
Judcons operations OF that institution for ten wear,
past our nionied system has been so periect-anj thai
whether its soldity its to the wants of ali cass
es 81 the community its facilities for internal
ana protection against the vibrations OF foreign trade be
reeaIueu, IL has no superior in any country.
Is therefore, with deep regret that the UNDERSIGNED
are now constrained to inform Congress that in their be-
net, this SYSTEM with the signal prosperity il has pro
d"ceu mas undergone sudden and painful change The
moneyed operations OF cities almost a,
stand; the commerce between the States is again la.
pouring under tax, which continue nj
loss OH all its exchanges; the circulating Medium aIrea
dy begins to arrange itself the scale of
while in the train Of these evils and not far behind hem
may be apprehended still, more dsast, Gus results IN ,hs
sgrieuu'e' commerce, and manufactures Of the United
a,es.
dsrsgsed feel difficulty in naming that which ia Al
once obvious and adequate On the LIST OF October last
, e WHO'RE H'oneyed system OF this country q
'o'a' cna"ge' 10 The eye OF common observer, il
seemed TO be the transfer Of the pubic
from one Bank to many Banks. But was, in fact the
reorganization oil the whole moneyed system and the
whole revenue system OF the country. Until the LET ot
ocoser The revenue paid by the whole country was diff
fused by the Bank aud its branches Throughout The
he nT
the whole, and gently recalled when needfu for The
wee OF the whole; white the Bank the common friend
oil all sound State Banks, uniting with and
Them was enabled TO supply quate circulating me-
alum rom s own resources and TO preserve in uniform
anu souhu eohalon the issues OF the State Institutions
now me public revenue is no longer diiused
the whole Union, il cannot be adv used
where Is collected; and the Bank of the United States
expansive power and credit have been
W employed to relieve the community must look n,ces
sanly and primarily TO its security.
HSPpiiy Tor the country, the remedy for this distress
ing Stale OF things is evident the cause of H. The
undersigned do not hesitate express their belief that
the removal OF the deposites of the UneJ S,a,s ,
the Bank Of the United States is the real cause or i
Distress so the restoration OF them that ins,uon ,
real, and will be the efectua remedy for them With
ANEW 10 remove from that measure all reasonable appre
hension the undersigned request that ne de
Poshes Of The public rerenue ia the State Banks
in the 9fMe public service or as IN ,,;sJo, 90
Congress may please to direct; bit, that thereafter m,
Geerm"g rerenue Of the United States should be col
lected and deposited in The Bank of the IJn;IsJ
Aud your memmoralsts will ever pray
JOSEPH p. NORRis
President Bank Of Pennsylvania.
ii. NIXON,
President Bank Of North America.
JAMES DUNDAS
PRESIDENT Of tile Commercial Bank of Pennsyyania
L. LAMB,
President Of the Mechanics Bank
ELIJAH BALLET
President Of the Penn. Township Bank
, THOMAS CRAIGE,
President oil The Manufacturer and Mecbanc., B,nl
j. SOLMES,
PRESIDENT OF the Moyamen sng Bank
VIM. MEREDITH,
President OF the Schuylkili Bank
SAMUEL HARVEY
PRESIDENT OF the Bank et Germantown.
J. TAGERT,
Presdent-By order Of the Directors Of the Farmers and
Mechanics Bank. ~ ~
The Memorial was read and re ferred IN tIs Co,,n;.
OF Ways and Means.
THE DEPOSlTE QUESTION
The House having resumed the ration of tho
noton 10 refer TO the Committee Of and Means
reasons assigned by the Secretary the Treasury for e
removal oil the Public Deposites, with MIR McDuae,.
motion Tor nstrucng the Committee to report hill for
restoring them TO the Bank of the United States
MIR. POk Of Tenn, said, III entering upon the discus
sion oil this great subject he begged 10 be ne rni,ted IN
REMIND tbe House oil The present stale OF the question
anu OF Tie manner ia which its coDsiJera ton had In bis
Judgment, been thus Prematurey forced upon this House
The Secretary Of the Treasury said Mr. has removad
the public depostes I0 the letter now betoe ne he %
communicated his for the act The Bank of The
u States has sent 10 this House its memorial comnlan
ing oil The act OF the Secretary and asking nj
the Deposes That memorial, by the vote of ma;ov NJ
This House has, npon full consde alton bee II,
Committee OF the House for inve alton and ,eno,,