The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1836-12-30

y
between the amounts Of service rendered BY these
/ institutions, on the broader besis which has been
Z used by the advocates Of the Omitted States Bank
+ in estimating what they consider the domestic
exchanges transacted By A., the result will be still
more favorable 10 the deposlte banks.
4 The whole amount Of public money transferred
+ BY the Bank OF the tuiled States IN ls32, was
$4,000 0UO. TIE amount transferred aud actu.
ally paid by the deposite banks IA The year ending
the let OF October last was So, 3lJ, ~ the a.
mount transferred and paid between that period
and the 6lh ut November was $500 900 and the
amount OF transfer warrants outstanding on that
day vas SlI, $4,000, u,aning aggregate Of
Sjg,lGc gu. fhrse enormous sums OF money
first mentioned have boen transferred with the
greatest pfOnpttudr aud regularity and tie ia'cs
at which the exchanges have been negotiated pre-
yiously to uiv passage u the cePosite act we're
gencraiig below those charged by The Bank Of the
United states independently, OF these services
which are iar greater than those rendered ~ the
United ; ,atcs bani and It's twenty hive branches,
a number Of the deposite banks have, with com
meudable zaa 10 aid IN the improvement Of the
currency, Imported from abroad, at Their own ex.
fenst, largo sums Of The precious metals ios coin
age and circulation.
H. Tie same manner have neatly I'll the predc-
IONS turned out ~ respect to the eject Of the
naval oi Tie deposes-a sttp unquesiionaby ne
crssary 10 prevent the evils which II foIcseen
the bank iis,il would eudoavor TO create 10 iina
,lrug 1e ~ procure renewal OF ITS charter. 1t
may be- thus, too 10 degree, It'll the further
steps which Una, be taken 10 prevent the cXres-
.iyt Issue Vi other bank paaer but II is 10 be
io,ed thst nothing v i. ngw deter the Federal and
; a,o auihorEl., liola tie firm and vigotuns per
loruaucr o. Their duties u themselves anu u the
People 10 tu!' tcsptct
H. tIcuclae u. fcyenue 70 the Uarts Of the Co
tcrnWtai, yout particular aucntlUn . invited 70
hose articles shIch constitute ihc LeCctsafIa Of
,ue. I..e duty 90 salt was lad var tax, and
Is 90 doubt continued 10 assist Ia proyitiag Or
The payment Of TIC war dlba Tier Is no at.ic.c,
u, release ofvtich from taxation would Je ie.i 30
generally and % b.no6.i4I, 70 THIS may he I'd.
lrG al sluds Of foe, aid provisions Justice and
bouuoieace unite 70 i4v0T 0. releasing the poor Of
uu' cities from blt1ens which are not Necessary
- ire - port Of our 6,ov-rutneni, and ttud oay
o. ircttasr the wants Of the destitute.
ltwia e seen by the report I, be Secretary o.
ile Treasury, an tie accompanying documents,
st.al ,ac IaaA 81 the Uailtd State mas usc- no
payment Ga accoan, 81 lte stock held b ths Go
tefnmcut m lf4t Institution, a.tho.gh urged 20
asg lnB portion wllet mighi slit ~ convenience
and t..t q las gwen no Information Nuca paw
n.col ,usT be expected. Nor slthough ,pga;,d,y
ftqucset, 10, il Diminished ihe laiotmalion ~ r.
.4u.H rs i's coalition, Which Congress authorized
i'c Secretary ~ or. q attltit last session. such
measures A. atc within lhc power Of q, ttscu
;ige fatt iecu lgscu 10 ascertain ;be value ol tie
,iocf, auo riocare the .syaiehi as eai.y IS pos
,ipf
Tie cong ~ and present condition. Of that bsnk,
sid The great aHo1ut o. ca ttsi vested IA x by ue
ip!ka States, require your careful siirntlun lis
chatter cs ifed ou The lLild dsy 0t March last
aBd 1t b. uot no power bat that given ~ The 2lsi
section, "to use the cooperate namc ST, lc. AID ca.
aarir, 'of the purpose o. suits. tot the al settle,
m,pi sua Hauidaliou Of the affairs and accounts
5the egrpaya iyn, snd Tor the sale and disposition
% Than estate, t,al, personal, aud mISrd, bot not
1T an, other purpose, IN auy other manner
abat.etvlt, nor tor period exceeding two years
3fyr the exp a'au OF tue sstd term OF lucorporl.
tom" Before tie expiration Of ihe charter, he
stood bo.aJts 81 lhc Bluk ubgels'd act Of moor
Der ttou tuu the Legislature o, F,uus, lyanla, ex-
eucug only TIE lHiiod States, lasiead Of pro-
g',Gue 10 and up thylf concerns, and pay over
9 The {. States The smounl due on account OF The
stock htld bg Iacm. tie President and Directors
uf lhe Old Bank appear To have transferred ;hc
boots, papers, notes, Obligations, and most Or al
of IL. property 90 thls ucw corporation, which en-
ttr,d ua1n business a. a continuation OF tie old
concern. Amongst other aces Of questionable Va
ilty, the notes OF tie expired corporation are
su9Nu to have been used lis own, and again
gui ia circulation. That the old Bank had 10
right Ia issue Ct reissue It's notes utT Tie eNplTa-
tton Of 10 charter, cannot be denied ana that !,
could not coHier any such right on it subsuuls,
aut more than exercise 1t ltsot IS equally PLAN,
In lax and honesty. the notes of the Bank N CIR.
.F.t tt. ..Er So .f.a l11lt
have b,,u called IN nv pubic advertisement, paid
up presented, and, together with those on hand,
cancelled and DESTROYED. Thor Ie-issuc Is sane
toned by no law. and warranted by no necessity,
1.-THE United Satcs be responsible ia their stock
Tor the payment OF these notes, Their Reissue bv
The new corporation, tot their profit, IS fraud
on the Government. II the United States is not
responsible, then there is no legal responsibility IN
ans quarter. aud ii is fraud on thr country --
They are the redeemed notes OF a dissolved part.
ncrsbip but contrary 10 the wishes OF the retiring
partner. and without his consent, are agaln re.is-
sued and circulated.
II Is 'hc high and peculiar dutv Of Congress to
+ decide whether auv further legislation be neces
sarv for the security OF the large amount OF pub
hc property nov held and IL use by the new Bank,
and Cor yindieating the rights OF the Government
, and compelling speedy aud honest settlement
WIN all tho creditors o. lt otu Ddbh, l'Iuttt aNe
private, OF whether the subject shah be lsl to the
powot now possessed BY the Executive aad Ju-
, dietary II remains 10 be seen whether the per
, sons who, a. managers Of the old Bank, undertook
, To control the Government, retained the public
. dividends, shut their doors upon committee OF
the House Of Representatives, and hlled the eoun-
, try with panic TO accomplish their own sinister
objects, may now, as managers OF the new Bank,
continue. with IMMUNITY, to flood the country with
spurious currency, use the seven mlh'ns o'
5 Government stock fer their own profit and rcinss