Litchfield enquirer. [volume] (Litchfield, Conn.) 1829-current, 1839-04-04
From the N. Y. Courier and Enquirer.

March 80, l o'clock, A. M.
UNITED STATES BANK-REsIGNATIoN OF MR..
BrDDLE.-The late hour at which the follow
ing letter reached us, forbid extended re-
marks on this important movement, this
morning. Mr.. Biddle needs no eulogy. The
history of the United States during the last
fifteen years cannot be faithfully written,
without giving Mr.. Biddle place in it, as
honorable to himself as his whole life has
been eminently useful to his country. With
in the last week we heard an eminent broker
Of this city say-one who has ever been a
friend and supporter of Gen. jackson and an
opponent of the United States Bank-that
Mr.. Biddle's course in regard 10 our great
staple, Cotton, during the last eighteen
months, had saved not less than TWENTY-FIVE
MILLIONS OF DOLLARS to the country and that
this alone, had enabled the Banks to resume
specie payments.
Correspondence ofthe Courier & Enquirer
PHILADELPHIA, March, 90,
5 O'Clock, p. NJ.
The great topic of conversation to-day, and
that which has arrested almost all the cur
rent of thought, whether of business or pleas
ure, war or peace, has been the resignation
of Nicholas Biddle as President of the Bank Of
the United States. The circumstance was
| wholly unexpected. None but The directors,
and perhaps not all of them, knew of the in
tention of Mr.. B. until it was announced land
the rumor was met on exchange at first with
a denial, at length with doubt-and when it
was confirmed, with another rumor, that Mr..
| B. was to be Immediately called to fill tho
office of Secretary Of the Treasury Of the
United States-a proof at once of the dis
cernment Ofthe people, and the merits of Mr..
Biddle. What the foundation Of this rumor
! may be, pretend not to know.
| Yesterday when the Board of Directors
had assembled, and the business ofthe morn.
| ing had been transacted, Mr.. Biddle rose, and
| in speech replete with touching eloquence,
announced his intentionof Withdrawing from
the concerns Of the Bank, which he had aid
| ed in directing for twenty years, the last six
teen of which, he had been President. He
alluded to the trying scenes which they had
Witnessed and the support which he had re-
ceived from the eXertions and confidence OF
| the Directors, and then resigned his place as
| a Director. This of course vacated the Pres
idency. Mr.. Manuel Eyre was then chilled
TO the Chair, and proper action was had upon
the movement of Mr.. Biddle, though little
was said. There was too much feeling for
that. will, if possible, procure for you the
correspondence.
! The Board then elected Mr. Thomas Dun
| lap, who resigned the Office of Cashier, Di.
rector in the place of Mr.. Blddle, and then
unanimously elected President OF the United
States Bank.
| Mr.. Dunlap has been for some time ono Of
the Cashiers ofthe Institution, and conducted
the business of foreign exehpnge-is gen.
tleman having the full confidence of the
community, and the affectionate respect Of
all who new him, aud whatever of popular
ity may be conceded to the distinguished in
dividual who has just retired from the onor.
Gus duties of President. we believe all agree
that he could not have left the U. s. Bunk in
better hands than it now is. I allude not
merely to the new President, but to the esti-
mable officer by whom he is assisted.
The cashiership vacated by Mr.. Dunlap Is
not yet filed, and of course great pains will
be taken to supply it efficiently.