Richmond Indiana palladium. [volume] (Richmond, Ind.) 1837-1839, 1838-01-27

Fsrs. Certain rooms in the now Treasury
Building, with safes e. vaults are to constitute the
Treasury Of the United States.
Second, The Mint and tbs Branch MINIS are
slso TO be public dePositories Of the pubic mon
Third. Certain special repositories are to be
created. viz: in Charleston, New York, and Bos-
ton, and officers to be appointed therefore,
to be called Receiycrs-Gencral, with salaries,
SC.
Fourth. In certain cases, collectors Of public
moneys may make special dePosites in banks,
the key upon such repositories to be Setalned by
the depositng officer.
FIFTH. Many provisions arc proposed, BY bond
and otherwise, for the security of money ia the
hands Of those officers.
:Sirth. Exclusive specie payments, for all dues
and debts to Government, to be required after
| certain time: say, or years hence.
Another feature, 1t we understand Alright, an
nuls the rcquisition ofspece payments at the land
Offices, permitting the alternative of paying the
money into the Treasury ut Washington, certif
Gates Of such payment to be received as cash at
the land offices.
The Globe Of Monday has the following article
in regard to Treasury notes,
'.In consequence of tho slight, and no doubt
temporary, depression Of the market price of
Treasury notes bearing low rates Of interest, of
one or two places TO which they have been sent
as remittanccs from various sections OF the coun-
try, by ind, duals who had purchased them from
the public creditors for that purpose, we under
stand that the President has authorized an issue
TOR the payment Of claims bearing interest at tho
rate Of per cent, which has already coInrnenc
ed, and which, We have reason to believe. vii
be equal to par at once every where. Those
bearing lower rates Of interest are equal to spe
Gle for the payment of duties and LANDS; the post
xJ1
the provisions Of the act of the special session
: will begin to expire in the course Off or weeks
: informed
G A DEMOCRATIC BANK FAILURE.-Th'
o failure of the Commonwealth Bank Of Boston ha
d led a full development Of the essential aims @
- the founders and managers of he PLUNDER SYSTEM
4 The details Of its management, as given IN tn
y Boston Atlas, display extent Of profigacy tru
astonishing.
n The capital Of the Commonwealth Bank wa
n $500. 900. Its president was John H. Simpson
= Cashier, Charles Hood The following is a lis
u of its DIRECTORS X. Simpson (pension agent
Albums Baily, John Mills, Olirer Fletcher, II. :
Hon., VIM Freeman, Elisha Parks, Samuel
III Leris, f. s. Corrmh Otas Rich, Charles HOOD
y One of these JOIN Mills, is the prosecutin
attorney Of the United States, whose express dut
n, it was to have warned the government against til
G. excuses of the Bank under his charge, in ordt
that it might have taken steps to secure the GO
v, crnncnt funds in its custody.-SO far was he fro
C. doing this, that, the facts appear, he, himse
aided in dcpriving the Bank Of its means TO me-
its obligations to the Gov 1t appears fro
e tho statement Of the Atlas that it was only c
Thursday last, that the Collector of the Port ISIS
PIN ed the following public advertisement.
he NOrlCE.-Persons holding checks again
the Custom House requested to present the
pm either at the bank Or this office for payment il
DAVID HENSHAW. Collector.
l.. Is it not most remarkable, says the Atlas, III
=, this notice, calling upon the holders of checks
~c present them at Ot--rHE Bank 30 for Paymel
~ or at the office, where we may fairly presur
- they would have received the bills of the bar
~, should have been published Just thirty six hot
' before tho failure Of the bank made publ
D. and on the very day that the directors determ
~ ed to stop payment? Why should the holder
inv checks against tho Custom House have be
- called upon at this particular and most suspcit
- time, to exchange them for the bills of bank
the verge Of bankruptcy, What need was tn,
or Of n public, imperative call upon the holders
!. :. checks at that time? Did the Collector wish
III save farther losses to the Government, at the
tho pensc Of the community, did he wish to
himself by the easiest way of his own perso
responsibilities! The transaction a bad
xr pcct. The public may be wrong in their suspicio
~ but immediate and ample explanation must
49,, made to the public before those suspicious can
wv removed.
One OF the circumstances made public by
explosion OF the Boston pet bank is the fact, I
six ofthc immediate friends Of the admin strat
ice. i'll New England, namely, John X. Simpson, +
,cr- J. How, Charles Hood, :. ;. Lewis, VIM. I
re- menter. and Isaac Hall. colIcctiv ely indcb
gu to the Commonwealth Bank, in a sum exceed
the amount Of its capital OF $5OO,OO0.-B
.ad- Chronicle.
Sial INDIANA LEGISLATURE.