Vandalia Whig and Illinois intelligencer. [volume] (Vandalia, Ill.) 1832-183?, 1834-04-24

from the treasury; no evidence certain
ly of such communication has BEEN
sent to this house. An order Goth Sep
TENDER, 1888, by the secretary to the
president of the bank, to deliver to the
collector at Philadelphia all bonds to
the United States, payable on or after
the list of October, was the only annun-
citation to the bank in Philadelphia; and
this, by the collectors letter of the 28th
would seem to have been communica-
ted to the bank on the 30th of Septem-
Der. Yet it is now known that the re.
moval Of the deposites was foregone
conclusion considerable time before
that.
The times and amounts in which the
Ideposites were to be drawn by the treas
ury, were not only not made known, but
were concealed from the bank. The
treasurer had been for years in the prac-
tice OF sending daily lists TO the bank Of
every draft drawn upon it, stating both
the date and the amounts, without the
names of the holders; aud he also sent
weekly lists of the drafts, with the par
'iculars in every point. These were
the suggestions of amity to assist
the bank, by the fullest information OF
the treasury purposes. But as soon as
the policy of the treasury department
was altered, and hostile attitude as
Isumed, the practice of daily and week
ily lists was continued; hut they did not
speak the whole truth. Drafts to an
Immense amount were withheld from
the lists, to be used according to coutin-
sencies, and at points where the bank
might or might not beprepared to meet
them; and the daily and weekly lists
consequently became Instruments Of de-
Iception to the bank. The bank was
left to ascertain and prepare for the
treasury demand, with deceptive inior-
nation as 10 lis extent. The minority
annex hereto the correspondence be-
tween the treasurer and the cashier Of
the bank upon this subject.
And even now, when the cry is still
that the bank is expressing the country,
Irumor gives out, with her thousand
tongues, that it is the purpose of the
treasury to reject the whole mass of bank
drafts at present in circulation, amount
ling probably to more than five millions.
and to force them back upon the bank,
by refusing to receive them in payments
10 the Unted States. The bank is left
10 ascertain thu truth Of This also, and 10
prepare for it as well a. she may
Can it be justly said that the bank has
At any time done more than was necessary
for her protection, when the treasury de-
Ipartmcnt has made it Impossible for the
oank to know whether any thing short Of
defence, at all points and i'll every form
would give protection?
What is the position in which the remoY.
| al Of the deposites has placed the Bank oi
the United States? Before that remoga!
the bank collected and dlsbnrsed the pub
lie revenue, facilitated the domestic OK
changes by means Of it, and kept III order
the currency Of the country every where
The bank then owed these duties to The
whole nation, and her obligations to The
Stockholders were secondary. She is now
deprived Of the means of performing them
and her obligations 10 the stockholders aud
creditors have become primary. The
Bunk of the United States is now private
bank, forced to become so against the Will
iof her directors aud stockholders, not sus-
tanned but opposed by the treasury, and
Concluded on second page