Burlington free press. [volume] (Burlington, Vt.) 1827-1865, 1837-03-24
CORRESPONDENCE
BETWEEN r.. NJ. WHITNEY AND TIE BANK OF
BURLINGTON.
Nathan B. HaSweU, a director Of said bank,
10 II. NJ. IYhiLneu, dated

TO Il. .M Whitney, ddted
BURLINGTON, July 16, 1885.
"The branch bank at this place will soon
cease its operations and TO enable us to
meet The public demand, need not rercat
tina, dcpos,c Of a permanent character
will enable us TO continue 10 keep our bills |
at par, as above stated, lin New York and
Bos,on,) and meet the wants of the people |
in THIS section Of The country
r. .M Uhitney 10 NJ p. HasweN
WAsuNGroN, July 81, 1885.
"Tbis, it was found, could not be done
under the existing laws, [Treasury appoint
an agent bit IL acas suggested that all the
advantages could be derived by each bank
appointing its own agent, prorided each SC.
crue to The banks themselves, and 10 The
Treasury Department. in case the agent ,cas
appointed by that Department."
".A central agency, for the purpose of
INSTRUMENTATION has been found, lhus
far, productive Of great benefit 10 The Pub
Hc."
II. NJ Whitney 10 N. 3. Has,ceU.
WASHINGTON, August 9, 1885.
Il intend to see the Commissioner Of
Pensions, and recommend to him to place
the money in the hands the branch banks
only about MS fast as they will want 1t TO
pay out, so as to give the use of 1t TO you
as long as possible" &c
81 wan, TO sec the Bank Of Burlington
engage more extensively in the domestic
exchange business" &c.
r. M. Whitney 10 N. 3. HauceU.
|
SIN few days, shall prepare q circu,
The same will be forwarded to all the
land Offices. This will lead to the receipt
of vonr notes by all the public receivers"
III am particularly anxious that the de-
poslte banks should turn their attention TO
that branch Of business" domestic OK
changed
II. NJ Whitney 10 lie President ofM The Bunk
of Burlington.
WAsmNGwoN, Jan. %, 1885.
"Wlh this, forward you the copy of q
letter written by n person residing here,
high in the confidence of The Executive, t.
some friends 10 New York and Boston,
This will explain TO you more fully the OBJ
ject of,he agency, and the duties which
will appertaln to It,"
Ertract from The letter ADORE rejerred TO
, achich is not signed.
1.-THE President and Secretary Of tho
, Treasury, know, view the subjects in the
same light that do, and will be gralllied i
f the bank will establish such an agency
and from his talents, experience, and fidcl
iiy, no appointment would be more accept
able TO them than that Of Mr.. Whitney
h,o cd IN
Department" [Qucry. Is not this Amo
kendall?1
. President orNe Bank 10 r. M Whitney
BURLINGTON, Feb. -, 1885,
"Your letter dated The esd ult. is recci,
. ed, on The subject of an agency of the dc
:, poslte banks. have communicated tn,
same TO our board of directors. and am in
. s,rnctcd to say, that in all business trans
actions with the Government they haze an
y, ,oiSh TO meet their pielrs, and do the publ
business intruetcd to them to their satlslac
: ton.
:, $50 far as this institution may be profit
: ed by agency, as il respects business, pub
lie, or private, they will cheeriullv pay
r sum commensurate to such advantages"
d Cashier Of The Bank Of Burlington TO r. n
J. Whitney,
!, BURLINGTON, March 10, 1886.
q 1--WE are informed that the Mechanic
, and Farmers Bank, located in this place
[. are making n movement, through variou
IS channels, to obtain the payment of pensions
is and to perform the duties of a deposit
bank" * Il ut was chartered t
y take the place Of the branch here, and
5, under the direction of those who were tn
t. managers of the branch-the same cashier
ID and occupy the same house. These gentle
" man have not yet forgotten their mortified
E, ton in having The business Of the Cover
meat taken from them, and probably fc'
- no little desire To retrieve their character
d if possible"
ne 1.-The information which ] received,
il. relation to the designs Of the Mechanic
en- and Farmers Bank came from Washngto
ne Nothing of the kind is minated here.
en- wish you, therefore, to ascertain Il it is co
,y rect, and, if so, Ia apprlzc the honorab
e. Secretary of the character of the appl
n cants."
90 CASHIER ofthe Bank Of Burlington 10 II. \
n Whitney.
MS BURLINGTON, Jan. %. 1886.
Being located in The same place whe
ly n branch of the United States Bank W
u established, and as we are deposlte ban
or where the branch has discontinue lis op