Rutland herald. [volume] (Rutland, Vt.) 1823-1847, 1837-04-04
y,s~ "a. cs..,,i.em C~.ss-,
THE SURPLUS MONEY.


We h.vs repeatedly called The attention n our
reader. 10 the ,s.il, imporsnt ssSisct Of ibe IN
t~fssi h,ch the people OF the u State, and par
,eal.tl, Ito people Of this STATE hs's an the P"b-
lac Lands. ard the measures xh,ch are prcpsung
10 rob Thea, 81 IL. No person Who has attended
10 the proceeding, Of the ,a session Il Congrc,s.
and who ha. honesty enough TO acknowledge what
70 perfectly obvious. nil deny ihs. there ls gfHnd
rre~c, c,t,ying .sio eisc,. the obloe, Il Sbeh Is
70 dcfsad ,hs si.,cs 81 Ise,f property. ind 10 sp-
VI, the s,s,ls Of - the parposos Of political cor
rsp,,s&. d. mere mas semen, on The part Of The
leading Van Bsren men IN Coegrea. bii', which
cbntsin~d . pscyts,oa fs distributing the surplus
saeaey IN The Tscs.ur, ., the ead Of The euueni
year, ws, los, By The differing votes Of the honses,
end tbus that surplus. whatever II may be, will be
len IN the hsnds IL the Esecuute. to be placed IN
tho deposs, banks, GA such terms as that branch Of
the government may think proper 10 prescribe
The smeuoi 10 d,fsispi!, cs;is.s'od the lowest
ssn the, ne have heard u iis being plsoed a., is
isea,y million. Of dollars. No distributions 9th
SURPLUS ., the end u this year, can lie ordered. e.
Yea IL Congress should think proper, until the nex;
session and from the manner 10 which the lcfis-
istise hasn.ss 10 transacted there is no probability
u carrying bill through fa' that purpose at the
shortest time. then. before mex; May or June.
This vi leave the surplus of two years ON h"nd'
and, of course, viii place in these banks a, least
forty milton. of 5olsu-snd May suppose u viii
amount to ssty m,llions. Whatever the smopni
,nsy be, the .aaks will have the use Of /, =, two
per cent. per annum. Two per cent. on twenty
millions Of dollsu 10 four hundred thousand doas.
Noted, ~dl think the use Of the money al The
psesea, lime, or q, sny time, can be worth lees
thsn o., per cent per sannm. The deposit banks
~iil therefore have Il a. ther power TO mske Tor
thsnse,ses Of the loves, estimate, over what they
psy eight huaafed thousand dollars on tho iweniy
,aiili.rs of ihis sest. Tits is a pretty handsome
profit le be divided among them. Ia, the truth H.
,soaey, Ia the eoIdiion the peeunisry concerns Of
the eoanify have been 20 for q considerable time
ps.s, wiIl command ten twelve Per eeri. which
ali ,acrsase The profits Of the banks 10 degree
squai to the iseresse Of interest And tho banks
understand perfectly well how 10 msnsee ih'. vast
capital. Beng prohibited. ss many and probably
ell al them are by their charters. from extending
their d,seean;s beyend oef,s,n sun, and 'his reg
ulsied BY the smoan, 81 their own osp'lsls. iaey
ra.st Gee the pablo nancy 10 some other mode
THE 10 ess,ly done BY going aio the rn.'k.'. and
trsa,as "a s,onsv, Paper. &c.. speciss Of b"si:
ness ~l,ch, e.. long time pact. has enabled 49,
gagged I. " 10 teslsrs mseh more 'hsasS
per eea,-,wo per osr, month 49, - 49,
r.ia s~s sss-. ~s'.ss .~.s - o. "a Z,
70 ,s,,ssn their cres,.se ~ ~
Now. ,Ass. -ssyes0et 49, y'sSburen
~bs Ia. ,Ass6d{lS = M = a.. 80. ,aa eau
r,.ce = y s1p <tssskv please,. ,hoald ssy 10
- ~ k>eNA v~d msst pay roe tao per cent.
81 - utkF ,ou ieaisIe esen al The rate Of
- psr ssnom fSr the shole-yoa pay
y Massey two, and take i~o 10 yourselves. and
- other iso ~al nle OF ~ill remove the Pas-
he deposits 10 aAstheT bsni. ~b'sh sii Ho's rese-
ly ssey my ofdsss Nothing car PteTeni tA's. ss
nathinr Of such trshIsetson wosld ever sppesf 10
The Treasury accounts,
.. the cafe state Of things ZOE the Tressery o;
The u. Stats. to be piseee in, Bat IL sisnds &c
Exactly saeA q preN'iosmeai and Senator Niles
sss the representatives, from this state. have "a
ensd themselves TO ,hs UtHpess ei iheaf abilities. By
teesr votes. 10 snag ,hs ,ts,e a. thHgs 10 pass. ~
whs,ssss lees this s,s,e may experience By the
defeat ~ The uess4rs q 5ss,sihs,ioa OF whatever
nay be The soassesesses a fsrn.shifg the Admin
's'rsssss 9Th tAs epeertsn'iy Of ss'eh.ng ,heaa'
sises. o. eesrvpssss The rossrusseEi saa eeoIify
the psssis ofiss Stats. tceunecIscsil ma, ehsrgs
tell SHARE 81 them 20 the seeeoAl Il their oar
ssAstos sd Representatives. VIII the electors D.
gaia eksess tAs mes. ~he have Thea ssrraeed
issss ngsu ssa tssssesls. fsrsistass than ssh the
eissoe 10 ~gsis the sys,sn q ,s.sssiy sh.sA ls
tAss far established essr the pssise s6sas saS
siss ssrrrT. s-s r'vs,s,,s r0ss.seisa, he arsns.