Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1837-04-18

that they enjoyed when the branch was doing
business. There has been, on the part OF our
directors, q desire 10 meet this expectation
and the consequence has been, that q very sen.
sble change has taken place, politically IN ia
ror of The Gorernmsnt and as II is our desire
10 strengthen these sentiments, we feel thot it is
important 10 afford our farmers and merchants
the coming spring pretty extensive accom-
mediation, especially ssbsYilths time of the
would have an intervis> IA <hc Secretary
the present amount 10 ftnain, or, rather, that
the warrants in favor Of the pension agent
should not be made upon the deposite Tor the
next pay ment," &c.
n, M. Whitney TO The Cashier Of The Bank ot
Burlington.
WAsGiSeroN, March 10, 1886.
al called upon the Secretary Of the Treas
ury, and went 10 the Commissioner Of PEN
sons, and can assure you that you have moth
ing 10 fear from the Efforts Of your neghbors.
No other bank loiH be employed by either de-
pdriment unless compelled 10 do so BY the iegis-
iaiion Of Congress Mr.. Everett, member
from your State, has been tying TO have the
pensions paid in another quarter, (Windsor, |
suppose.)
"You need not fear but will look after and
protect your interest"
n. NJ. Whifney 10 The Cashier of the Bank Of
Burlington.
AS il may DO important for you TO know,
as guide IN your operations, can state to
you, that, until January next, feel confident
you may safely calculate upon tho Treasury
ecpositss being kept up 10 TIE marimum oftchal
your bank can hold, say THREE FOURTHS
OF THE AMOUNT OF CAPITAL"
THIS correspondence really needs no COM
ment the agency of r. M. Whitney, obtain
ed by the anonymous recommendation of A.
mos Kendall-the Character Of his agency,
and tho peculiar adrantagei" TO the bank
from having public money equal 10 three .tourths
q The amount Of its capital, and 10 the govern
meni from the political influence of the bank
arc sufficiently apparent. A few rer,arks
will be proper, however; aud first as TO the
letter Of the cashier to Whitney, dated March
10, 1886, relating 10 the Mechanics and Far.
mers' Bank, and containing an impu,a,on, we
believe as unjnst as il is ungentlcmanly, upon
the character OF tho directors both Of the old
braPch b0uk and OF the institution which has
succeeded il. We are told that the Farmcr.'
and Mechanics bank never made any appli
cation 10 obtain the payment Of the pensions
and, ii il did, we can see in such an event
no occasion for the cashier 10 attempt 10 Sian
der men who have, at least among our people,
as good reputation as himself, and az good
n title 10 respect in the state whore they have
been raised, as any scion Of foreign soil can
possibly have.
Tho next and most serious matter is con.
tanned in another letter Of tho cashier, dated
Jan. 25, 1886, in the following words:
"Thero has been, on the pant of our direc-
tors, desire 10 meet this expectation THAT
the bank would furnish the same facilti.. the
branch formerly had done j and the eonse-
qutaee has eesn, that avery sensible change has
taken place, politically, Z" Jaror Of the Gopsrn-
ment; and as II Is OUR DESIRE to strength
en- these sentiments" &c.
Here is first statement as a fact, that the
bank had produced a sensible change in poht-
cal sentiments; tho hnik Of which statement
We shall not quarrel with, though the result OF
the September election in Chittonden county
certainly seems rather TO clash with the cush-
ier's account. The statement is most matcri-
al as it gives consequence 10 the assertion that
follows it, viz: that 1T is THE DESIRE
OF THE DIRECTORS TO STRENGTH.
EN- THESE SENTIMENTS FAVORA-
BILE TO THE GOVERNMENT. Here is
the root OF the matter; and If The cashiers as
serion is true, then is the Bank Of Burlington
avou eddy POLITICAL BANK, ranged on
the side Of the administration, t1ith PUBLIC
MONEY to-aa immense amouHt, ,oiih phieh
10 carry on its operations in buying rotes and
exercising political influence. Here, we say,
is serious matter, which demands the attention
Of the people and Of the Legislature Of Vsr-
mont. HO,O has The bank Of Burlington eff
fected these political changes-by granting or
Withholding facilities on political considero-
tions-by special or exclusive favors to the ad-
ministralion men-by bribery on the one hand,
or thrsGi, on the other, as i; may have found
men TO he bought or driven into the party ira
ces and hoe has the bank paid for the " ad-
rantages" afforded by the government, and 10
Vhom-to elcctioneerers, or 10 ofics-holdcrs,
or TO the national treasury--or has itpaid moth
ing al Ill ? These arc matters worth cxamin-
alton; an impartial and thorough cxamina.
tiou, 10 get AT the truth II that bank be the
thing which its cashier represents it, then it is
high time that the fact he known 10 every
people should be exprsssed-and go expressed
that the bank shall hear and feel it, We are
mistaken, if tho people do hot demand thor
ough investigation OF this matter at the next
session Of the legislature it is due 10 them,