The native American., 1839-02-02
In the Senate, January 23d, Mr.. Tallmadge
offered tie following series of resolutions:

In the Senate, January 23d, Mr.. Tamadge
offered the following series Of resolutions:
Rsso'red That sound srecie pay. banks ought 10 be
selected. nt'er suitable regOat.. S lie prescribed by
law. Tor the safe ktnt.Ig OF tie ,.&.htir ,aoney.
Resotced That the rayinsn, oi lie public revenue
ought to be made in gold and silver in the notes
sound specie paving banks under sab regulao:,s to
be prescribed by law.
Resooed That snch payments Of the public revenue
from customs and from lands ought to be mace, lar
practicable BY des oses IN the selected banks. to the
credit OF the Treasurer OF the United Saies aud r
tihcat~s nf deposr taken by the Collectors and Receiv
rrs evidence Of such payment.
Resolved That thr selected hanks, in consideration OF
such frposcs ought 10 perform, without charge, the
duties TO the Government in transferring he pubtc
funds and distributing the in paynent of the public
creditors as ~ere performed BY the late Bank of the U,
ted States.
These resolutions touch subject in which th'
people, individually and collectively, have decy
interest, and Of which each is left to Judge 70
himself. AS one, Independent party trammels
we should think that under present financial cir
cumstances at least ''sound specie paying banks
well guarded by charter stipulations, the safes
keepers Of the public money, ifthey act up to til
requirements Of their charters.
That gold, silver, or the notes of such banks
at the option of the claimant, are the best naedi
in which payment can be made, and are the only
suitable and wholly unobjec,onable kind.
That certificates of deposite in such bank
placed to the credit of the United States Treasu
rer, by being received by collectors instead Of til
money, would prevent these collectors from spec
ulating and peculating upon the public treasure
That, if the keeping, disbursing, and transfer
ring the Government funds, can be done by sue
banks as WE'LL and on as good terms as it was b..
the late United States Bank, it is all that could b
asked or expected. And as to the comparativ
security of money put under the control of sue
banks and individuals, the common sense and tn
common practice of mankind furnish daily evi
dence in favor Of the former.
But one important desiaeratum yet remains
their competency to regulate the exchanges,
which depends uniform currency. Can thu
paper Of southern banks ever pass at par in tn,
north or rce uersa? And il not, how is this defect
to be remedied! We ask for information.
There is community Of interest in the curren-
cy of the country; and as one individual Of th
great national family, having common stake, w!
dum necessary to every well-regulated Govern
ment. Further than this, we care nothing about
banks We never owned share in any but
once, which was received as matter Of convent
ence in payment of debt and soon transferred it
to other hands: nor had we ever note dlscoun,e.l
in any bank. We have long believed, and the,'
was good ground for the belief, that banking, as
il has been conducted, generally, is avicious sys
tenn, legalized. There are objections to all co
porations, as they have exemptions by law, whic
individuals have not; and in almost all question
Of private accommodation, lberali,y, or conver j
ence, they illustrate the proyerb that they a,e
..bodies without souls"
Il Mr.. J. L. Menefee (brother, we are informe u
10 the Member Of Congress from Kentucky, p
that name), who was killed in a duel lately y
Mr.. McClung was buried on the 4th ultmo, a
II Vick ksburg, Miss.