Vandalia Whig and Illinois intelligencer. [volume] (Vandalia, Ill.) 1832-183?, 1834-04-17

that 1t has not asked for aid from the de-
Partment to sustain it, nor given any init
na'ion Whatever that il is necessary or de-
lslrahle. The secretary of the treasury
mas never doubted, and does not now doub,.
hat the Union bank is perfectly able t.,
sustain itself against any attempts thai
may be made against il.
The Natiooai lntelllgencer of the
Zznd ultlmo says: The debates in
both houses o. congress at the present
moment are of deep interest to the peo-
Piee at large, and attract greatly the at.
trntlon of all persons here. The de-
pate which has arisen in the senate on
the bank bill motion of Mr.. Webster.
II little out of order, as rather antici-
PatIng the proper stage of the bill for
debate, has yet been very interesting.--
lhe speeches of Mr.. Webster, Mr.
Leigh, and Mr.. Wright, and of the two
former in reply to the latter, " i'll he Civ
en- as early as practicable. If we now
speak more particularly of the speech
OF Mr.. Calhoun, who yesterday follow
ed those gentlemen in debate, it is be.
cause curiosity has been expressed to
Know the course which his speech on the
subject would indicate. We therefore
venture TO say briefly of it what follows:
Mr.. Colhoun is opposed to Mr.. Web
ster's plan, as embraced in his bill, be-
cause, as he argues, it leaves the cur
rency uuhxed, and refers only to the
bank question. He said that the disease
which prevails, is the excess of the pa
per currency over the specie: the rem
edy, to diminish the paper currency, and
the means Of perfecting the remedy, by
using the banks to cure the disease
which the banks have introduced, as you
apply snow to the frozen limb, and ap
ply fire to extract fire. He did not 90
into details. The United States bank,
he said, could be renewed for twelve
years, prohibited from issuing notes un-
10 dollars the first six years, aud under
20 the rest of the term: all dues to the
Treasury under 10 dollars to be paid in
coin, &c. The details he left to be set
tied hereafter. Mr.. C. also declared
himself in favor of reduction of inter
est on discounts by the hank.--JMo. Rep.
New ORLEANs.--We have papers
IRON this city to the 22nd ult. Their
contents are unimportant. Private ad-
vices represent the ne, uniary affairs OF
the commercial portion of the city, as
growing worse each successive day.
The extensive and well established hou
Ses had been forced to stop payment. al
though exhibiting abundant means to
satisfy all their liabilities. if time were
afforded them. The extent of the pres,
sure may be deferred from fact stated
in the Globe, that within less than six
months, the banks in that city have in
tcteased their discounts upwards of three
: millions OF dollars.
The election of representative in
congress from Louisiana, 10 supply the
place If Judge Billiard, We have under
stood, vas to be held on the Sd of March
but neither the papers, nor verbal in
telllgence, give us any account of the
result. 1t does not seem TO have been
known that an election was to be held,
so much were peoples minds absorbed
by the prevailing distress.-vMo. Rep.
GIRARD BANK.--rhe deposites will
most probably, be returned by this bank.
The holders Of $4,000 shares have al.
ready signed the resolutions against the
detention of them. Anticipating this
result, the GLOBE threatens the bank
with an instantaneous withdrawal Of MI
the government funds in it. "Not the
indulgence ola day, nor an hour, should
be given to it."-Mo Rep.
GlRARD BANK.--A meeting Of the
stockholders Of this institution Wa held
at Philadelphia on the 18th ult. Edward
Smith Esq. in the chair, and William
Newell, secretary. A communication
from the president of the bank, announ-
cling that the board OF Directors had
"deemed it most proper that they should
not attend" the meeting, but that they
would furnish any information which
might be desired by the stockholders,
was laid before them. On motion of
Griffith Evans, Esq. resolutions we're a.
dopted, instructing the directors of the
bank to restore the moneys and depos-
ties of the United States in their pos
sessinn as som as tho same can he ef