The daily Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1841-1845, 1843-03-03
Making
s679,735 95

Now let US recur TO what the writer for the Globe
stated On introducing his list of defaulting banks
he said
II appears from a commun cation from James
Barker, Acting Comptroller, doc. No l44 9th
Congress, ID sess., ls42) TO the House Of Represon-
,atiyes that the following banks owe the Govern
ment the sums opposite each"
Here il is asserted that the banks enumerated
owed on the l2th ult., the several amounts stated
] he sums, making an aggregate of s. 3l0Sl6 90
were stated TO be then due TO the Government
This idea is reiterated in the following paragraph Of
the same writer:
Z" Here is total loss Of debts due the people by
banks in the United States of over two millions and
half Of dollars, if interest be included to which
may be added another half million Of the paper of
and other nks on hand by Government agents;
and yet, some Of the arstocracy say the people do
not lose by banks.
".AJd 10 thi. a hundred millions of broken bank
paper in the possession Of citizens and you have
loss 10y Government and its citizens Of on hundred
and three millions Of dollars. Now let me ask can
II be possible for any all banks chartered or to be
chartered TO atone for this immense loss of which the
community have been swndled!"
Here the alleged debts arc said to be due TO the
| people, y and they are pronounced totally lost-and
then another sweeping fasehood is told-that there
is now IN the possession Of citizens hundred mil
lions Of broken bank papcr-when every well inform
ed man knows that there is not in the hands Of the
| people ten millions Of such paper Why ii may be
! inquired, was such dashing fasehood published p
| The answer Is, the writer hbbing hard in favor
Of me hard This is shown by The question he puts,
whether all banks chartered TO be chartered can
atone" for the amount they have swindlcd the com
muniy out of lie thinks all the banks created or 10
be created cannot atone for the mischief done-and
IL that be true the reader would naturally infer that
we ought to have banks at all. This is the man.
ner In which the peracious gentleman would turn the
people against all banks and in favor Of an exclusive
metallic currency. Bot his effort was miserable
stair--a dirty trick, though the Globe does under
take TO justify il.
| House Document No. ia, was a Statement OF
balances remaining on the books Of the Register OF
the Treasury, which remained unsettled, or appear
to have been due, three years prior TO 30h September
| lSil" That is, IN September, l93S-more Than four
years ago. At that time tie banks might have had
on depo,ite the sums falsely alleged to We due 10
the Government; but II is known and admitted tina,
the banks Of Tennessee and Missouri have long since
met all the demands Of the Treasury on lhem-that
the latter is still depository Of public money, and
always ready 10 pay upon the drafts Of the Irea-
surer.
| The Document, No la, gave a list Of balances
that mere due IN September, lS3s-and the writer for
the Globe gave the 6sf list n balances noIc
due and which he asserted were totally lost.
II now appears that several Of the banks meston-
ed owe the Government nothing--'hat the balonces
charged to them have long since been paid, and that
tie writer for the Globe has sinned In double sense
by representing balances lost that were long since