Carroll free press. [volume] (Carrollton [Ohio]) 1834-1861, 1845-09-05
.Fronl4te Ohio Stcfe Jourac3l.
REMOVAL OF DEPOSITES FROM
THE WOOSTER RANK

REMOVAL OF DEPOSFTES FROM
THE WOOSTER BANK.
The Washington Union-ef the2tg con-
talns the extraordinary announcement that
the Secretary OF the Treasury has resolved
10 remove the Government Funds ITO the
amount of S46,00bJ that have been depos-
'dtedIntde Wooster Bank. This announce
q 'ment ITSELF is not, however, so extraordina-
sry as the reasons that are given for the act
at isihe duty of the Secretary OF the Treas
airy, as the financial officer of the Govern
tnent, to place the funds.where they will be
sale, and can be conveniently reached for
disbursement. He he's selected "a large
snumber0f State institutions as repositories
.ot the public funds, and among them the
yBank~ot Wooster, We have the authority
oof the Union, the official organ, for saving
that the amount deposNcdain taIe Wooster
institution was taken from other depesito-
ries considered unsafe, and placed in the
former with ample guarantee. .Qs to It's safe
tyjin tie shapeOf $40 600 Ohio SLates,ocks.
Thus the main consideration was attained.
The Government funds were perfectly safe.
as the Union declared two weeks since or
more. beyond this the Secretary of the
Treasury had no right to go. But, intelr-
gence was conveyed to Washington that
the w ooster Bank was an esppCaIOhipct of
'hatfed TO .she hard money clique OF Ohio
"A Wer was commenced on,the institution
by the SlGtesmanand the herd -lnoneyiour-
naIsof the State generally. n. ". Bayf-
dey, BeLI Lathnm, 'and,J B. gTCILer. lhrpe
members of the Central Clique of'Onio
hards posted off to Washington, in order
toWagea more ofeciuaI war on the Bank, I
and bring it into discredit. The result of
ahls war on the only iHdjUMdat EnJiliiv in .
stH'dtOA Of Ohi0, whose Directors is entire (
~ composed Of men heretofore eminent in
the lOcolCco ranks isfppn in the Gnuunci- |
atlonot the Union, Just alluded to The |
Secretary OF the Treasury has resolved 10
remove the deposits, end it isalmosl direct
ly implied that theyare to he restored tothe |
institutions from which they were mov-
ed Tor want Of safety! Says the Union, in |
speaking of tie Wooster Bank
'tlhe accounts which we have since
heard OF It, from gentlemen OF character, |
who profess 10 be eacCUeinted with ITS poIit-
ical transactions, are by no means cafcuIa-
ted to make favorable impression of the
manner lnWiilGhit has been conducted"
Again says the Union.
-"ltseems, also, that faIthough ii was Mh0l- l.
lyunknown tothe Treasury Departmental |
feud existed in Ohio in regard to the Woos-
ter Bank, and, under all these crcumstnn
eces, the Secretary has determined, at an
early period, to Withdraw the money tenn
porarlly deposited with that bank"
This Is an aaIsHoWle ledgenent, explicit o.
nough for all purposes, that political consid-
'erGtiOHs, and not want Of confidence in r
the stability .of the institution or regard
for the public good, have induced the re.
mova OF the tundsof the nation from the /,
Wooster Bank by such considerations is
the highestfnancal l,Onicprattiated. This I
Is an astounding fact showing us it does
that the Treasury Of the nation is 10 be H. |,
sed as q pony engine, il any end can be
'suhserVed thereby. Wecaro nothing about
the Wooster Bank, nor do we know that
the Wooster Bank attaches consequence to
this eXtraord nary moVrmpntof the Score
'Iary of The Treasury. The Secretary, it is
true, teII5us thatthe institutions from which
the tundswere removed to he pacedin the
Wooster Bunk has since given evidence ofI2
their soIvency. But this is 4, mere blind
1t IS not even urged as n reason for the
change that has been ordered. Oh no.
Ibe SaCrctoryand the editor of the Union
have hcErG 'grom gentlemen Of character" I
81 .,pOiHicni transaCtoRs" of the Bank, Il
and OF '3lrd'' in Ohio in reference no that {
and lhev have lent themselves !
and disposed Of the funds 20 sutserve the
Of all irresponsible band OF dema-
gogues who are engaged in waromSEn
currency Of Ohio, and especially the Woos- A
ier Bank 7