Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1839-05-07

The nix urma losses MUCH greater than the
above under Monroe end J. q. Adamss admins
traons BY dPposite banks that failed and by others that
failed " hose bills the officers Of Government had
hand Deprecated But oil have been since paid except
the above balances
Gan the losses b. banks under Mr. Madison admin
istraton by taking deprecated paper and they
estimated low from that cause AT s. 100000
"Nos. IL not oil these bank failures happened while
the United States Bank in operation The above
does not include losses by the United States Bank H.
SELF by not paying full dividends several years and by
Selling on Others for damages Out of one hundred
aud fourteen collectors, only eighty c indebted 10 any
considerable amount, and the other thirty have paid
or secured the sums are very small. Buas balance
stood unsettled, IL must be reported by the public ol
GERS on Sky to seventy receivers against whom bn.
lances eSs hall of the Offices have been establish
ed The last ten years. and twenty 10 thirty OF these
defaults small debs, secuyed paid or The two
hundred thousand dollars estimated rs loss from Icy
To 1897 il is after dsducting all but two eases Of
any magnitude. The rest will probably lie in the end
collected and not leave that sum, If much lost
More money actually has been collected in one OF the
years under General Jackson from sales Of lands than
in any eis ten years of any OF his predecessors
Hence the ratio proportion Of losses ~ small under
him. Whole number and amount Of merchants bonds
for duts unpaid when due, and probably lost is eight
thousand in number and six million five hundred
thousl nd dollars in amount; md of these, six million
dollars We re under Gen. administration, except
those falling due about The lime Of the suspension OF spe
Gle payments. So of the number of dsbursng othceIs IN
defauis at least 800 before 1929 and only about
40 between that and 1887 and of the whole amount,
81 $50 900, all earlier except about 100000 The
aggregate Of the losses since l7c supposed to be- at
ter every fair allowance, over SlS0OO.GOO Yet. under
Gen Jackson administration though lasting -ht years
instead OF FOUR and attended with greater collections OF
revenue, and especially much greater from lands than
any others the whole losses only $500 Co., instead
of three millions, the average proportion TO each eight
years They less than one third OF the l,sses un
der ether Administrations on an average
"Nany Of these immense losses since $780, as well as
several others in 1870 in the sale Of the public lands on
credit to be attributed TO the i'll regulated credit sys
ten for duties and lands nd to the facilities and empa-
tons speculation and losses by ndscr It bank credits,
All happened under the u S. Bank and Pet Bank sys'
TENS -!
Ore word further in reply TO the idle party slang Of
III. Norfolk Wing Address:
Buchanan PrnnsI vnnia said 4h o!
July Oron Lancaster 1872 hGi nc al drop of Demo
cratic hood in his he would let Cu This will Go for
him."
But il roiH NOT do. Was the author Of the Address
ignorant OF the fact, that Mr.. Buchanan con,roreed
and exposed this very change on The floor Of The Senate
al the psrv last session? To such desperate exremtes,
how ever are the hg party driven, that they are
compeed 10 revive ISLANDERS which have been long reiu
ted ard misrcprescnt which have been frequently
exposed:
Frfu,e his Ii-s-lis sophistry, in vain,
he creatures bis work