Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1839-01-29

And what does This statement show: Why, that for
nearly five months past, The weekly balances q" public
,,cv ON drposiie IN ih Bank Of the United States have
never been less than millions o! d"llass"in"limes
b,ce and half millions, within ir'il' --rqrs ntiy
much ~ three miIonS-and even on the lGh Of iHst
m.oL che latest period to which the sti"mcnt comes
down. lie sum of 2.l"3"I2 ct the PUBLIC money sill
remained on GepOsc III the Bank o. ihe Lutd S!ars-
=, sun yrry nearly equal I" The whole &nonnt OF the
hond Tor which, under the law, the Bank 10 have
Maid 6v. months ago, "nInne: m hand y, And !iiS
,-co amount Of public moneys m drp1SHe IN the Bank
f ,he Iui:CI States no nj period "h"n according I"
o,,crnrt made in the Secretary Report. all the rcsi
n ,I,s money in the Treasury. with III" exception 81
I, ,r,s in She mint Is believed ~ have been s"!n"
r,s l,ss than 500 uGO, wn hnndred nn>and dollars
Gan ,rv man. lh such facts as these before his eyes
, ia. urr,i.l and intimate fiscal connection between
,io Grvarpucn, aud The Bank nf the United STATES,
,,,,Lrr ui!rracr involved in Ike resolutions AID
IN. remarks made in support oi them. vas that The sale
II lis bond 10 the Bank was also accompanied with
iEo the prUcrcds OF the bond were not 10 be
aid =, Philadelphia. LY at distant places, between
pL;h ,,d ph;!adephia the Difference Of exchange
~ ,rch IN favor OF PhiIeGsl phia, and that the Bark
, - have the benefit Of that difference. so far is II
cnrd INN j. To account Do not the pron!s iurnsh"d
b ,,. Rrpurt Of The Secretary. completely subs!nnat"
- ALLEGATIONS: It is true the Secre!lry says &" no
oL ,d,rsuudnp or agreement existed on the side o.
lis Depa-nent, the time NE Sn'e q the bond rms
,,ode" But he proceeds 10 show that s"ch an agree
NON, vss made between The War Department and The
Bank which he subs, qneht'V ec"enieeu anu d''u"l
narrd into effect The letter of Mr. Bidd!e TO tn"
Secretary OF the Treasury, of the 18th August 81
shows that Mr. Poinsri, in treating nr The sale OF the
bJ .,Gress,y stated to Mr. Ridde, that "ihis money
nbe nroceeds of the bond) will be wanted al the South
nd l,s, and the manner OF drawing for il may be
.ubec, Of future arrangement between US. MIR. Bid
die then adds "aCcordingIy received from The ar
De,or,meDt detailed statement OF The times ana
Mares and amounts of the dsburse nen's "r the next
,h,se months and he says he concludfd the purchase
If the bond IN the ccnfdencc that the arrangements
,ycre actually made with the War Department to pay
tho NANCY in the South and the UGSt We have seen
rha, when the frs, drafts drawn by the Treasurer
on the ,rocerds Of this bond and 1ade payable IN IN,
Iad,ipbia. Mr. Bldde promptly demonstrated against
,,em ~ "an entire departure from tine terms OF Puf'
chase" We huve seen also that Mr.. "nodbury. al
length acquiesced in the reclamation "f r binoir
and entered into specific arrangements with the Bank
c. tho ,avment of the proceeds of this bond az desg
mated non,s in the South and Fest where, from the
6etanued condition of The currency. and the c"nnned
suspension of specie payments by le BANKS, !he taes
of rrcharue were very much IN favor n Philadelphia
,hs difference in some instances amounting Ia as
much az Is and IL per cent
A, the same time that these arrangements were mace
with respect to the proceeds of The third bond similar
,nacmen,s were entered into BY the Secretary Of the
treasury with the Bank 10 receive payment Of the pro-
ceeds al the second bond AT various distant places
ros,lv also in the South and West. These arrange
men,s il is admitted by the Secretary in his report
"cpera,ed in some respects, benet',oHy 10 the bank
~, AZ The same time he says, "lhey were not ;ejud
ool ~ tho Treasury" With view to obtain scale
hy which some general estimate. at least might be
formed of the btntf derivabe from these arrangements
- tho Rank one of the resolutions Of inquiry adopted
w nv nation by the Senate, called for "a list OF oil
tho branches or agencies of the Bank of The United
States on which the Treasury Department has drawn