Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1838-11-22

different places, anu II being prObabie the I
Hn,es oil the bank " i'll he ns ucrcrrablr 10 |
claimants. and, in some eases. more con-
vcnicnt than specie. you will, should ynu |
receive drafts on that bank or its agents.
make as many of your pay mcmts by checks
rs you can, winch will give the rccci> cr
The opium {" taking paper or specie; aud
The Department has no objection to your
using tn" paper OF that bank in all you
payn"ni-, :" Tar as i, can br ,lomc IL; all,
Respectfully. ,uIr obi Srrv't.
\. TOWSON. T.. NJ. &.
The Charleston Mercury gives the follow
ing lucid and satisfactory explanation of this
matter.
The Government is under existing laws
compelled To take the notes OF specie pay
Ing hanks-of course il takes the checks
0i such banks when il is required To make
distant payments hich those checks viii
answer. 1t would he perfectly absurd n"'
to do 50. as things are now. i" refuse to
receive such checks. would ic to submit to
the connection with banks snl,Icci Ia all It's
dangers, aud ser fnrrgo the only advantage
Tie connection can CONFER on the Govern
incnt, w. the greater c0nrfni,nce "f bills
0i exchange for the transmission Of funds.
In nardiencr tn the law then. and the above
vi convenience, ttt 'pNcFiltIttIt
receives the nnirs of the Bank OF The u.
States IN pay Nnrni of the large drh which
inai Institution owes 1t, and the p .Sna,
ter General has issued ii circular ;.uiliuriH-
inG his sul,or,iinatrs Ia receive the checks
oi tnr Bank on its distant funds in pac c>,
where the disbursements To the army are
/" he made. The Mig presses cry "u,
! nn" and all. thar II i, - lcngr. he; wccn the
G"rcru!ncnt AMI the Bank. 1t is just
such Il league as exists between The Gov
rrnInrnt and lh. K"nk Of Charleston. Or
IN! other specie paying Bank: n
league l> Is forced on The Administration,
by Nh. prcsru, laws ni The land
The nl,bc mlikc- the inlluw ilw uinncnt or,
the occasion.
The appearance of Il (ircnllr. issued b,
| 'hr fhyina>icr General, has given ri>" To
an attempt tn cuu>r: I!,r Government, ni
| Inconsistency. nni this paper "i uucrin.
| ial>rh""d>. in relation Ia ,l:" unic> nr me
4. STATES Bnnk; and Ills is done i.v "ni.
| I" Tie iinh Organs III li'r .rn>>c>r l:lnouagr.
| We wi! Captain the hole nnure Of The
tran-ac'lrn wh"n gave ri>. In rliS Circu
! i;i'. thrt "i.r friends may nimirr>i::md !: -
! he "'.'r"l isH,,'5> ii'aN lr:,kc what uS:'
@! II ti'c.r we'll known regard To truth ani
justice may dictate. The heavy ,r;..:, q:
The War pri.ai.,n"nr for .u.;,!, u; distant
points. which were supplied by drafts ON
the iiann ui the United States. given Tor
! the purchase inniitv uf the bond due i,\
! that inSrnri,n in lie Govcrmucn;. Were
| likely To prmluc" crrai Inconvenience r,r
the distant hanks IN which i,c Ernls y The
principal! debtor Bank hal hrcu 'l.,m,>it,.
in iicrt The nNuGnS. if drawn nut alto.
srihtr IN specie: c>pcciai'y 50 iinmct!in'c-
~ hiici III" Resumption ni specie payments
hy those insiiiuiiunS. Letters were rx
hibtcd I" the War Department. rcpresrn'
ing the serious Inconvenience to the banks,
Il. q consequently, TO the commerce ofthal
part of the country, il The call for specie.
when moi required by the creditors of The
G"VernmenI, was persisted in. In c0nse-
qucnce these ercpresentaIions.the Depart
ment ,au,i-.-; >i..s t.,,r .t,-, i,r,.r.tui
me BhnSs that the public creditor migI,r
nave Inc option "i receiving The notes of
| specie Pa!i hunks il they preferred 10
"o So or dcnh,d The specie. RIG hr whit h
! I Is mode "i prnrre'lin1 doe, no, deprive.
| ''"h' "i. l iir (i",rrninru, u,nkrs no
VIII upon 'hr Ehnk>: II merely desires TO
"' lis operation, confined WITHIN {! rir lr-
| iiIi';Iit >ii:rr 1t will Al all t:.nrs be-.
! !''l"'Srd '""sisnh such legal scco..,,nnda
''"' w nc ba' Is. ana to commerce, ;.S
| 90. u" III lis p'Nrr an. never ha> made
war uI'"n I'll, legitimate. pursuits ni r,hrr
NJ. h"" ever. Is " hat l.i, l., d,.rul n;,n.r.
"I!l 1T" understand. aud are d,Irru,iu,.d
| nisrrrrr>'nl.
W" war ;%hirl"i The abuse uf tI,.. none,
i""rr 10y the Bnnk. or bv merchant, q,
''nE"rs Lei them cnnanc themselves
NHhin 'h"'r appropriate spheres anI r!,cy
~ i'nd u> rrnh> and wiling 10 tak, -uch
'''"r>' III regard 10 them as will be mos,
,"r the p"'i.c good. The Bank organ of
New ork, with characteristic uniairuess.
'"pnlt $ to the Government inco ~>istcncv,
'rramsc the pnvmnsicr General considers
'i'nk noes. III some in~I :nres, more con.
'rnIcni than specie. Although ibi, is 10
u" regarded ns 'xprc>>iun he opinion
J ih'> officer. WI Ur,cr d.n MED thar, when
based upon specie 'apiInl. the nnir> of sre
rl"-raNina banks. like hill, of exchange.
rr'' ,noTc convenient for transartipn,. h..
tween distant points than specie. wirl,
cannot hr transported wili"ul risk and
r!Iir.tS.
Now. in collecting the amount dine from
'fi' great debtor Bank. for its bonds. ,h
I'hb'r iunr'i"nhries consent to draw ,lmrks
~ such amounts ii, sui Government cred.
Ii"r~, OH ihc small State institutions, in
Mh'riI the Philnlrlphin Bank i,ns l>si.rcd
funds I" pay lis hrhI, instead of drawing
'he whole ~ on"c IN specie.