Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1838-03-08

moo more a, is more fully detailed in report 10 me oe
nate from this Department, made The Isl instah'' ~
constitute aggregate oil Sl2ooo,ooo. ;, II
The following deductions have been maze from ~. -
is difficult to decide what losses will be sustained W tue
recent failures of banks that were pubic dePosoisa
Ru supposinp the most favorable result I'LL iulthei
oerience have considered il proper 10 make no es''
mne that any loss will happen in The END from 'v
and have computed that only about 81 O0 oUo Will oe
Inst by The old failures Of bank repositories. ne aata
~ ca few and imperfect that nothing has been aadea i"f
any damage which has recently been sustained oy .ne
H. S from any of its officers creditors having ah@
IN nubc account deprecated notes The whole sum 10
be deducted s therefore, So OUO00O leaving Soo0o'oo
ns The aggregate OF the losses previously SUSTAINED o
the sources mentioned in the first branch oil Tue fes'
luton. ,,,,,
In answer to the second inquiry, as TO 'ihe amount
of balances against oil kinds OF collecting ohcers w"cn
has not been secured and will probably he lost nave
AFTER carc(uI examination computed that Will mol ex-
coed from 5000 G0 10 81 ,2CaJO0 From the long pc
Rod covered by these balances, connected WIN tne
preat number il must be obvious that Tie amount whc"
has been wholly lost cannot, IN many casss NC "'1e
tanned with accuracy ,, ,u
But the data for this estimate are as follows ne
nominal amount of such balances s about S20OoooU.
Schedules of most Of them, late as October, 1881 win
certain explanations may be seen in report 10 Tie Rouse
of Representatives made by this Department on le ION
January last aud another, with more detailed eAPId
tons is preparing, III conformity IN RESTITUTION W
The Senate, passed The 18th instant From Tue ~hoe
,mount. There should first be deducted sum for what
has been ascerlaned 10 be probably secured or PAID ms
ranges from 81 ,OOO,0OO 10 81 ,loO,Oto
Of the nominal balances further sum, equa TO near
S3DO OOO has ne yer bee put suit and in most cases,
This is believed 10 have arisen from knowledge thal
nothing would appear be due when the vouchers were
all offered and The allowances made which were cohsi'
dered ega! and just In several oil The cases, nso, IN
which The debtors are reported as Insovent ana Inc
claims entirely lost the latter larger in amount IMAM
was probably The real damage 10 the United Sates as
the parties mus, sometimes have had equitable setois
allowed. informal vouchers rejected or good ones
LOST and other defences which DEATH accident, o po'
verify prevented them from offering.
Under these circumstances, exact estimate Is I'M
practicable as 10 what should be deducted for these last
reasons; but from 100000 Sl5O0 is not consider
ed too much The whole real loss which is likely 10
happen from this class of officers is, therefore, supposed
moi 10 exceed from $500, 900 to 81 ,2OO,0OO.
10 reply 10 the third inquiry, as 10 "the amount OF
losses which has accrued throug failures in payment OF
duty bonds, think il has not been ur from S6,o0oUo
1t will probably range between that sum aud The sum OF
SG,Su0,OU0
This result is collected from actual returns of bonds
unpaid and in sn which, ut this date, are supposed 10
exceed S750000D 1t is the best judgment ] am able to
form on this subject from few general considerations,
without particular knowledge in each as 10 the
insolvency of of those who made and hav, neglect.
ed 10 pay their obligations. Respectfully,
LEVI WOODBURY..
Secretary Of the Treasury.
Hon. JAMES X. Polk,
Speaker Of the House of Representatives.
THE SMALL BILL LAw-PAssEp!--It will be perceiv
ed that Yesterday after delay of nearly week since
the report uf the committee of conference MI Taylor
the small bill champion in the House, called up The sub
ec in That body, and moved that The house 'ecede from
It's vote of with the Senate IN It's amend
mcnts 10 the bill, and that it in those amend
nents.
This motion was discussed with much warmth by the
Federal members during the greater par! Of the forenoon
sitting and the debate continued, in similar tenn
per- al an afternoon sitting and until clock last eve
ming; when the question laken and The motion CAR
by vote Of 92 to =.
The effect of this vote Isl TO pass The bill as It came
originally from the Senate suspending the operation OF
the law of lS for and three years; and in this shape
it may be said to hav become law, it has doubt
less received the signature Of the Governor.
IL will be Iecnlccted that The Federal members OF the
House asserted in debate and through their Committee OF
Conference that the period Of suspension was too Short
that the banks would mol issue small notes under IT. and
that it would therefore afford the expected relief
The Committee Of the Senate met the objection unreal
and groundess it was) BY proposnga longer period
three and fur years-and the Assembys committee ac'
copied oft, provided the banks could be permitted 10
issue these and mt redeem them in specie on de.
mund And because this was not yieldrd-because the
banks could not be permitted to do, what they did not
ask nor the people desire Issue redcemGe piper cur
rtrc the federal committee broke up the conference re.
ported disagreement 10 the House, and after week
caucusinr night after night, divided and wranglng
among themselves and in no pleasant humor with others,
they take The sback track and insist upon the shorter
period of SUSPENSION which they declared was loo short
for the purpusrs of relief and which they agreed TO
tend They even REJECTED, yesterday evening, by
strict party vote motion by MIR Manu. that voted
for by nearly every Republican then in The House, to
extend the period " suspension for THREE and FOUR
years.
Such is The length and breadth of "Whig consslen
cy and of lie federal love of the people Briefly, the
matter comes to this mplexon: The House resolved
to adopt the sh0rtes period OF suspension, because The
banks ccre not permitted issue small bills irfedemadc
hooa rpnC mn IA m
debate they imagined their party interests, and the con-
iinuance Of agitation, might be promoted thereby!
vain and illusory hope-and miserable party reliance
they will find it 10 be.--9l6any 7rg"s Fe6. -.
We were glad observe Mr. Preston again in his seat
in the Senate yesterday although still suffering IN some
degree from the effects OF the surgical operation which
has confined him 10 his lodgings for three weeks past
MIR Clay, of Kentucky, also, who has been confined
to his by ind:spusilon for week past appeared
in his seal Yesterday .-JfGt. Int.
From the Charleston Courier learn that the Indian
prisoners who have for some time past been in conhne-
Fort Mnulte, 10 have telt Charleston on
Friday for New Orleans on their way 10 The lar west
in the brig Homer The Chiefs were embarked on
Thursday morning Lieutenant Reynolds, Of The w. 8
Marines, had them in charGr.-b.
Sur.T treasury BILL.-The debate in the Senate on
the merits of this bill IS still continued with unaoated
interest 1t has called forth many powerful and brlli
ant exhibitions Of intellect; and although dry hard and
fnrbddng in ITSELF genius and deep feeling have invest
ed il with many popular attractions. The Senate cham
Der has for years been intenty hrongeh ana
Seldom we appfehend have auditors retired better salts.
fled with the arguments and eloquence OF their avorite
orators. -
II is rumored, that Mr. Webster. MIR Calhoun and MI
Clay ure 10 speak ugain the subject Their replies
will possess peaeref condensation drectncss and force,
than perhaps their original speeches. The fixed oppo-
sun encountered by each, has only served to augment
The suspended volume of thought and conviction as
barrier thrown against strong current, only heaves
back its waters, rush again with accumulated force
GCHristan Statesman, March 2
PENNSYLVANIA AND Ono CASAL.-lhe State of Ohio
has expended millions in internal improvements. The
State of Pennsylvania has done the snme the works oil
the States approach within eighty six miles OF each
Tbo p.o in and 0ho Canal.