Herald of the times. [volume] (Newport, R.I.) 1830-1846, 1840-04-30
(WHoLR No. 526

chlnations, To keep enough specie on hand
TO meet almost the entire circulation Of tho
Bank, and all lis branches, and there can ba
scarce doubt in the mind of any rejecting
person, that the Savannah branch was
singled out by tho consprators for the rea
sou that they supposed il to be an unguarded
polnt.ns exchanges were then much in favor o {
the North, os was proved, by the great concen-
tra'lon Of The bills Of the Savannah branch ia
the c'iy OF New York-they being at that
time the best medium OF remittance, and
being received in deposit by the mother
bank IN Philadelphia, aud as before stated
at The branch in New York. The following
are the letters alluded TO.
Washington, 2sh Sept Ie33.
DEAR SIs-Your letter of the 26 ID inst. -
at hand--SInce my return | have received
several letters from you, oil of which have
remained unanswered. az have all other let
ters from New York, merely because rcsol.
yod To have no correspondence with my one
there nnt!l the great question should be de-
clded.
On account Of your devotion TO tho cause
had so much at heart, | wns anxious ihst
the - bank sbsuld be employed by the
treasury department but on considering the
subject IN all its bearings, It was thought
the three banks Of largo capitals already ma
med to the public. The question is yet open
ns 10 the - bank. With high respect,
your Obedient servant,
AMOS KENDALL.
Washington, I'm Oct. 1882.
DEAR SIN: The navy department is en-
gagged ~ making enquiries ns TO the rate at
which II can get specie funds placed IN the
ho.t A., A
ron there, and It has occurred 10 tie to ask
you the following question.
Al what premium paid in the ". States,
will you undertake TO deliver on ship board
in the port Of Marsciles, $50, 900 every three
months IN Spanish pillared dollars, with tie
privilege of sending out IN The public vessels
from tho U. States without charge whera-
ever such vessels n,oy GO, the department to
furnish the money to you on good security
three months in advance With high ro-
spect, your obedient servant,
AMOS KENDALL.
The above letters shcw conclusively tia;
Amos Kendall considered himself oil IN aH
IN the management Of the nations nifirs,
and was negotiating on account Of two de.
rartmen's Treasury aud Navy at oncc.--
The writer has, in previous numbers, de-
iroird by one head, the President. THIS
head, Amos Kendall had by his magic arts
turned into an sutonaton, and could cause 70
TO nod assent, or Jrown dsapprobatien, on sug
measure no chosc-consequentI the "mi'
was under his (Kendall's) entire control. --.
Mr. Kendalrs third letter i, very lengthy,
and goes 10 shcw that he considered himself
the supreme dictator as regards The manage
ment of the deposlte state Banks, ard aisn
that he acknowledges the receipt Of two lcl-
lers from his correspondent IN New Yorh.
commencing thus
"WaShington, 18th Oct, 1888
Dear Sir--l have your tuvors of l6th and
llth, aud AIN much under oblII ations TO YOU
Tor your suggestions"
The balance Of the letter is made up with
Jcsuitlcal remarks with regard To the u.
States monster "--aud anon. other things,
Mr.. Kendall says
Besides, IN your city, the whole smount
Of revenue receivable for three months TO
come will be available To the state banks, ra-
;cVlhg 1t for the accommodation of the 2eo
Jlr, lnaspucb us no treasury warrant viii De-
lrh"n upon them so long rs the treasury has
nay money IN the United States bank.
understand the three banks have extended
heir discounts two millions Of dollars, uud
he other banks III your city, probably t.o
more. This Is enough, IN aIl conscience and
thnk little too much for the time. 1t is
rot desirable they should 90 further; ior n
greater Inc Of discount cannot at present be-
sustained. Ii is this which slIil makes tho
Jranch a creditor bank, and the more their
ilsconnts are extended, the greater will this
wi be. But II the state banks 20 no further,
here will soon be a change IN the relative
position of the bank. The yec, iDis Of fsc
DISTANT BRANCH PAPER by the bank, as io,G
IS her 0irn, must, if your banks arc prudcuIy
managed, throw the balances OF the o,hor
ldc. These balances will be collected m
Dtn, ana Ia Mdi ,ony II will be GanSGrrta
on mention that the Merchants bank drcty
6OOOO from the branch tins will be iuilow-
d by other draughts, until the u. States bank
ii, fnd difficult to sustain tho branch in
our city. Ao things now are, that tastitu
on must keep means there 10 meet almost al ia
riue circulation and IL icW hare 10 6rcome
T,m collector q spccie Irom EVERY oratr.H
I TIE uniOn, j0r he LLTIuArs USE ~ YOUR
ank, aat OTHERS rho may icqni ii al .Nt;V
'ork."
As the writer has before stated, John T..
;alhOun SAID some time since that II was
ol safe or best that the people of The Uullcd
states should be made acquainted with tho
eruption oftbclr govcrnmcn,--DO not lhcse
.ttrrs prove his remark 10 be true let
nv dlslntercstcd person read this letter oul
hen turn to Andrew Jackson's sixth anuuul
,essage, delivered Dec. =, 1884, and read
nc compound OF talsehood, OF mullcc, und %;
navrry therein contained, with regard 20
,e conduct of the u. States Dank--anj It
Is soul has not become casc.hardened IN
ice, it will sickcn nj the contemplation a
lch stupendous scheme of ylllany. Whilc
iis Kcndall-ths born lmP,this llmb Of satan
i,nself--is on the one hand putting iurth, ~
nc name Of the Chief Magistrate Of fhcen
,llions Of people, the most groundlcss and
ase charges Of corruption against the Bank
accusing II of curtaling is discounts Tor
he express purpose OF efieclng the elections
nd Of forcing recharter from CODgrcrs--
q on the other hand IN his letter, secretly
buckles st the idea, that his hidden conlri-
snccs will compel the Bank TO adopt the
cry course the President IN made To charge
with having iaken.-hnd yet what was tho
,ct? TWAS simply thls-that notw wilgsIand-
w these most infamous proceedings OF ITO
nemies,tbc efficient and high minded mana.
crs Of The u .S. Bank succeeded ~ sustaining
lnt institution, by calling IN even less
mount Of It's circulation than was drawn
al IL ~ hn