Staunton spectator, and general advertiser. [volume] (Staunton, Va.) 183?-1849, 1839-01-10


The following resolutions offered BY
Mr. Rives yesterday, being taken up
for consideration:
Resoircd, That The Secretary of the
Treasury communicate TO the Senate, at
ms early day as practicable, the infor,
nation called for under the following
heads OF inquiry
|. The period at which the third
bond Of the Bank of the United States,
sold 10 that institution, amountingto So :
254,S7l IS. was placed to the credit Of
the Treasurer on the books Of the bank;
the terms on which it was negotiated :;
the person acting On behalf OF the bank,
with whom the negotiation was made
the particulars of any understanding or
agreement that the proceeds of the same
should be left on deposite with the said
bank until wanted in the ordinary dis
bursements Of the Government and
what understanding or arrangement, if
any, has taken place respecting the ben>
eft which might accrue 20 the bank in
the transfer Of money il should make to
distant places on account of the Govern
ment.
~ az yS''oh w bCH tbC sum Ot - -
500 600 in part payment of the second
bond of the Bank OF the United States,
was placed to the credit of the Urea.
surer by that bank; and the nature
Of the agreement or understanding had
in reference to the payment of part @
said bond before. and OF another part
after il became due
3. Whether eny slim or sums of the
public money have been deposited in the
Bank Of the United States other than
those derived from the payment or sale
OF its bonds; if SO, the amount and date
IT each deposite, and by whom and by
whose Authority and direction they were
made.
4. The aggregate balance standing
weekly TO the credit Of the Treasurer in
the Bank OF the United States, its
branches or agencies. whether subject to
draft or not Us well as the weekly ag-
:. sregatc balance in the Treasury from the
time the first deposite was made in the
said unk OF moneys arising from the
payment or sale Of its bonds up TO the
present. period.
5. list OF all the branches or agen-
cies of the said Bank of the United
States on which the Treasury Depart
ment has drawn drafts, the amount OF
public moneys directed TO be placed at
each, and OF the drafts scvera,ly drawn
on them. and the rates Of exchange be
tween Phisdelphia and each of the
places 10 which sums were ordered to
be transferred.
d. The amount, so far as it can be
conveniently asceItained, that has been
fr..
states, its branches or agencies, in notes
OF said bank, for paying Indian annui-
ties, or other claims Of the Indians on
The Government, or for defraying the
expenses attending the removal of tn
indians; and in general the nature of
the arrangements" ifeny. "made for
the more distant public Disbursements
in the notes of the bank, !" together with
all the correspondence, agreements, and
instructions. given or entered into, con-
nected with any or all the heads OF in
quiry above stated.
Also Resolred, That be communicate
the nature OF the arrangements made
with him by those bonks in which &C.
cording TO bis report OF !he Ord instant,
portions OF the public money have been
placed TO the credit of the Treasurer
on special deposites," the kinds OF mon.
ey 10 which the said Especial deposi,es''
were made, whether the same were en-
tered on the books of the bank, whether
the drafts of the Treasury Department
that have been drawn on those depostcs
have been paid in the specific moneys
deposited, and whether the balances re.
naming are part and parcel Of the very
moneys originally deposited.
mr.. RlV Els rose and said: The res
buttons Just read, MIR. President carry,
IN Grea; measure, their purpose and
inteGiion on their face. Still it NAV be
expected Of me to state somewhat more
IN detail the particular views with
which they are offered, and the scope Of
the information they are designed tc
elicit. The first resolution, ii will be
perceived, relates TO the negotiation.
and transactions which have recently IA
ken place between the Treasury Depart.
ment and the Bank ofthe United States
and is intended to ascertain the precise
relation which at present exists betw eer
the Government and that institution.
- For several months past, rumors OF ar
~eZtraordIuary character have prevailed
that, Notwithstanding the convulsion
y through which the country had passed
to put an end to the fiscal connexior
formerly existing between fhie ;pof;t,