The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1838-08-29


feel an interest in knowing what il has been, can
learn upon making proper inquiries. And | now
say that will defend my character and reputation
from any and every assault should any one have the
emeriiy TO make il, with the last drop Of blood in
my veins. ! say this, rot in spirit Of bullying,
neither threatening; but ! am an American citizen,
and intend to enjoy the rights and immunities Of
one, peacefully If Team, (oseliy1 ImIst.
The editor Of the Globe does not venture TO give
the least explanation respecting the numerous false
hoods that pvored he asserted in his first article
lie could not make an explanation. He was Obliged
TO acknowledge by his silence that he stood convict
ed Of u,tering BASE PALsEHoopsp lie does, indeed
undertake 10 give some explanation respecting his
attempt to get bank in Kentucky appointed a de-
posite bank. But In that, he has only made The mat
ter worse, by his expli nations, will show and
also prove him guilty Of reieratng falsehood. He
admitted what said, which he quotes, and then re-
marks:
"The fact stated is uue-ibe motive imputed is
false.
AS Kentuckian, we urged on Mr.. WooDsuRY the
right which the Kentucky banks had insist the
Of PORTION Of the surplus revenue not wanted for
disbursement, which the banks the Atlantic cities and
elsewhere were employing for their advantage. We
put il upon the principle Of r,gh with the President
and Mr.. Woodbury., and argued as great portion Of
this surplus, unemployed by the Government, had been
collected from the people Of Kentucky, If there
any advantage in the loans made upon il they
titled TO share with the people Of the sesboard cities
notwithstanding the money paid by the people Of Ken
lucky towards the accumulation Of this surplus,
collected in the usom-houses aud land Offices beyond
the limits Of the State The justice Of this position
was allowed by the President and Mr.. Woodbury., and
large amount Of public money deposited In the
Bank Of Kentucky, at Lexington"
nigh, almost say the above is q tissue Of false
hoods from beginning to end There is but one part
which Is not So and that is that, "a large amount
Of the public money deposited in the Bank Of Ken
lucky, at Lexington" But when was the money de-
posted in that Bank MOI until August or Septem-
Der Of 1885, after the passage Of the deposite and
distribution act Now il so happens, this Sank above
named was not the Bank that MIR. Blair was striving
to have selected. II was the Northern Bank Of Ken
lucky al Lexington, that he was laborng tor That,
as well as the above named one al Louisville were en-
poyed at about the same time. II is not true, stated
by the editor of The Globe that the justice OF this posi-
ion, (se forth above) was allowed by the President
and Mr.. Woodbury. The deposite, which be refers to
made until after the passage Of the distribu.
ton of June 1886; and think before August
or September following, while the efforts Of the edi
Of the Globe were exerted many months previous as
will hereafter show. That neither the Secretary
of the Treasury or the President could have ad-
mtted the justice of the position, which the editor of
the Globe asserts he assumed, is shown by the follow
ing statement made by Mr. Woodbury. in his annual
report, in December, 1885. He said, No occasion
has arisen in which the Department felt justified in
making transfers Of the public money, except from
POINTS where 1t had accumulated, in the natural
course Of collection, much beyond the present and
early anticipated wants of the Government in that
neghborhood, or in sums not proporoned TO the re-
sponsibility Of the public repositories there, and to
points where 1t would be better secured or probably
soon be needed for disbursement" The various
public reports OF the Head Of the Treasury Depart
ment show, that this the policy which was ad-
hered from the period of the removal Of the de-
posites up the time of the passage Of the deposie
act Of June, 1886; therefore, it is, do not hesitate
to assert that neither General Jackson nor Mr.
Woodbury. ever allowed the business OF the position
which the editor Of the Globe asserts The selec-
ton of the banks in Kentucky, when they were
made, were made solely for the purpose of holding
the portion of the surplus which the State Of Ken
lucky would be entitled to under the distribution act
until the distribution took place, and for no other
consideration whatever. The interference, repre-
senation and exertions Of the editor OF the Globe
had nothing whatever to do with the selections
The Globe editor places himself in somewhat Of
an anamolous position. He says, he insisted on the
right then, the Kentucky banks had TO the USE of
portion of the public money and he now assumes
the ground, that the banks have no right TO The
of the public money at all! This is consistency
truly!
The motives which assigned that induced the
editor of the Globe to strive to get the bank in Ken
lucky selected, | again repeat Notwithstanding he
says, "Me motire imputed IS false" That | will
prove. In my last communication said, that both
the President and Mr. Woodbury. became perfectly
tired OF the opportunities of Mr.. Blair TO get the
bank in question selected.
On the 18th December, 1885, at the suggestion Of
the Secretary of the Treasury Iwrote TO the Louis
vile Savings institution which was then the fiscal
agent in Kentucky, the following letter:
WASHINGTON, Dec. 10, 1885.
SrR-The Northern Bank Of Kentucky has made ap-
plcation the Secretary the Treasury TO be appoint
ed Deposite Bnnk The friends Of that Institution
press the application, and ground claim to have
it granted, consideration for paying the pensions,
and the expenses attending that service
The policy Of the Treasury Department is to appoint
more Deposte Banks than actually necessary
for the convenience Of its fiscal operations For that
purpose additional banking institution is not required
in Kentucky.
Under these circumstances, it has been suggested
that your Institution undertake the payment Of the
pensions in Kentucky which services may be required
by the Treasury Department at any time under the
s,pulatons in the fifth clause OF the agreement signed
by Institution. This duty is required generally
Of the Deposte Banks when necessary. With such as
perform this duty increased amount Of money is
generally left deposte TO compensate for the addi-
onsl expense attending the performance Of this duty
II has occurred TO me, that it would suit your own
convenience, be convenient to the pensioners,
and be an acceptable agency to the Northern Bank of
keninckx To nav the whole Of the pensions in your