Rutland herald. [volume] (Rutland, Vt.) 1823-1847, 1836-03-29
ExPUNGING RESOLUTIONS.
II sGsATs-Thursday, March II.
pErosITR BAsks.


Mr. WEBSTER 10 move for the printing Of
5000 extra copies Of the statement Of thu affairs Of
the deposite banks transmitted by the Secretary Of
the treasury.
In making th, motion Sir Webster called the
attention Of the senate 10 the document from the
treasury. showing the state Of the deposle banks
stshe latest dates. lie quoted fsom the tabular
Statement, some Of the leading far,s. The imme-
date liabilities Of the banks amounted, appeared
to nesrly seyenty-iwo millions uf dollars. VIZ the
public dcro.iie., $40 SIS, $40 OIL; the private de-
po-iies si5.Oa3. O33 81; the bills 10 circulation,
t20 .2i3 6ss 80.
The smoun, Of specie held bv these banks. it
farther appeared. was Sl0,l $50 "a that IL to
say, there Is less than one dollar specie for six
dollars lcb, aud there i, due to the government
by those banks more than three times the amount
Of oil the specie.
There are other item. (le ssid) which swell the
amnunis TN each side. ouch ss debts due Io the
bsaks. and debts due from banks. b., these are
eq1sl!ing quantities, and of no momen, IN the view
! sn taking of the qee,iiun.
Among the means Of thee. depositc banks see
IN item of"othef investments" of TO less amount
than ss III 22s 10. Whist is meant by these
"o,hsr 10, os,nens," an not informed | wish
for light. have NY suspicious. bu, ! hlve no
prooft. Sir. look tho reported state of III. Far
rners aud Mcchsnics' bank Of Michigan the la-i IN
The lirt. Tho capital OF that bank IS only $3.50
600. Its portion Of the deposits i no less = sum
than s7si, 76f IS. Now, cir. where is this mo
pey' IL Is not IN Specie l.. The bank itself All
I,s sPece is rnly 81 oil 95 all 10 discnnns
loans dc hre naly $500 600 or thetesbnut
~here IL the residue Why. see where /, 10
II Is included in The item due fom other banks
CO.'S 100 81" What banks have got this, On
hat A.. Ia. 90 N
eel IL u IA The depos, banks 10 the great cities,
and does this make part Of the other liabilities of
thcse deposit hSnAs IN The otIes Now, thu, j.,
one question: what are these other labiltie,l b.,
Is 10 these 'oiher investments sSysgsin ui,b
10 kHoS what ,hey are. Beside. rea estate, loans
eseoOnt and exchange, ] beg to know what other
investments bsuks usually mske.
Ia my opinion. cir the present system now he
eins TO deseloPe nself We see uh,, cuunl,c,.
ton Of private and pceunnry lutere,s have thus
wound themselves rounc finances. VIII. the
present .laie Of things Continues % a. /, GOES on
there vii be no lack Of srdor in opposing the land
s'i' o. Any other proposition fof Distributing or eC
feeiasly Gang Tho public money
We have certainly arrived sta very .str.ordi
nsfy CRISIS ersis shich xe must nyt ithe with
The seeuDoiaiion Of reyenue must b. pr.sar,oA
Lsery Siss Poiitieisn will sc, tina, down =. go,
Isl Marin Hos can It BE- prevented, po,,,e.
ss',"ns Sh' not d. At. Tins am perfectly per.us.
coo o. 'h.il 'o'e fof every pau Of The G,uihra
s0h '''sp~f'ea " The aalliis'y cornenuee And vet
." sore 'A't' u that Sili shOold pace into a la~
Val S"' asso'e the rsveno.. Or ssaieien,y diu,n-
az 70 sH'eeni. ihternsi improvements cannot
sss0's Il shess assiel eAsnssls IRE blocked vp By
ssiSes.
Nos hsa. % 'has rsvsnus 70 be disposed Of
~ hs eee''iea eTio0sly 10 al tho~s sbo arc