Vincennes Gazette, Volume 3, Number 31, Vincennes, Knox County, 4 January 1834 — Page 2

C, w.n the nv eft dent nf tnPTn n15 ypl trnf n ! I. .itlaiiv.linii? itiin ni

8 1 ilK I i'll i V I Wl'll'l . " 'iJ""" ' " T "HI'" EV' v. i i 1 rn irv, l-3.ll pase.t (1 tlir? folto'vin? s-i.'xnl i'i m : "That tne r-nilit'ili'i of (hp United Slate.ont'nori.c , :vr n-arhalfa century's experienc sanctions ; 11 ink of the l.'iiitcd Slate, a nero irv ml orooer to regulate the vsdiie of moH'V,'nd iiri'vciit pa;iiT curreney ofunepial and tie p reel ate! v. vino. " An I H.r.iiii. ithemnl unanimity in February, IS '.1. the foil , wiiiii: " That the Seiiaton from thi Rate i:i the Con-res- of the United State' be instructed, (,., r .ui;..vj rnrnipaid t( llsC their t ,,f th charter ot the B wi'tc of thi; United Rates during the prc..nf t,s,;;, .,fn,.n-rf. with such alteration" (if any lien' iN-s-ary) as may secure the rights of tae Stntej." -rh h b. licf, moreover, m opposed by In own trehration in the Veto Mr'-atre, that "n new Caiicrcs, elected in the midst of such dis-ru-ion, and furnishing an equal representation of t'.e p.-oj.h' according to the last cenn, will K-e-tr to the (Capitol the verdict of public opin jo:i. and, I doubt n t, bring this question to a tzthUcU.ry result" Now, thM Congress to which he referred the decision of the question, had (t assembled. Inita' parts of the country the members had not been even elected t the lime of singing this manifesto; and yet he now averts .that he k concluu'velv settled that the charter of the Bank ot the United Stale? will not be renewed, and be has no reasonable ground to believe that any f.ib' lit utft will be established. Ueing bound to regulate hi? cour-e by the laws as they exist, r.nd not to anticipate the interference of the Legislative power for the purpose of forming f;ew 3 stem5, it is proper fur turn seasonably to conquer the im-ans by which the serv ices render rd by the !5 aidi of the United States, are to be performed after its character shall expire." This sems to involve an inconsistency. There vas a Congress ahut to meet in ninety days, to which very Cn:ress he hid referred the question of the B.i-i'c There wa- a new Conprees to meet in IV ct rube--, 1035, before the expiration of the character. Yet does he now decl iro that, since the people elected him and f ;, was opposed to the 1$ ink, he revokes all he 1 about the Congress of Ifi.io, disregards the Congress of 181 , and chooses to consider it vt-th-d without any '-interference of the Legid.ilive power." The next held of complaint is the postponement of a portion of the three per cni-, by the f Government in Ap.ril. 183-; and of another portion by the Bank in December, 1S32. Now it is verv remarkable that both these subjects Were fully examined the first by the Committee of Investigation of 1832, and the second by the Committee of Ways ami Means of 1333 and both reports are in decided contradiction to the nssT'ionsof the t're-tdent For in-tam e, he romnlains of tho first postponement, which he minutes to the Hank, whereas the Committee! of 1'ive.stigation themselves declare, "they are fully of opinion thft the Hank neither sought fir 'nor reques'd a postponement of the payment br the d lvernment " He complains of the second postponement, vet the Committee of Ways and Means report, that the nominal p-wtponejjent had, in fait, ch sed the ritynienta o mer than if no po-tpon'-mnt had benn made; nnd that "thi question seetna no longer to preeent any importai t or practical object of inq iiry, or to call for or admit of any action of Co iress u"on it."' This w u! ' seem to he po, Vct'y satisfactor . Tef, lest the revival of these charges may mislea J the uns'iv-iecting, it m iy be well to refute i them again, as they luve been often refuted before: and first of the postponement in October. He says of it ; "Cotiscious that at the end cf that quarter the ftank would not bo able to pay over the deposit?-, aad that further indulgence was not to be expected of tlio Government, an a-t nt was detp.itciie 1 to England secretly, to negotiate with the h ohh-rs of the public debt in Europe, and rtdnca them by thenrf rofnn equal or higher intort than that paid by the Government, to field back their claim for one jear, during Which tae Hank expected thus to retain the ue of tj.OthUOO of public money, which the G tvOrtnuent should et apart for the payment of thntdebt. The agent made Hn arrangement on term, v.i part, which were in direct violation tjf the charter of the Bank; and when some in Cl ients connected with this secret negotiation fteci lent'.y came to the knowledge, of the pub lie an I the tl.iverniueut, then .nd not before so muoh of it -is was oaloioly i a viol ition of the charter was disavowed P' If there be any on mattcrin regard to which the Bank is more beneficial than any other ni.itt r, it i precisely thi9 agency in paying tl the public debt; and if there be any cases in the course of that agency more useful than any other cms, they are precisely these two cases vrhi' h are here ma le the subjects of reproach. The wh de ollection of the revenue is based irui the svfem. tht funds are never accumulated in the Treasury f -t a long period, but are principally lent out to the community, an I only talie.I tor as they are neede i tor uie punnc. service. Whenever, therefore, lare payments are tn de by the Government, a it is cect s ary to withdraw from the use of the community contiderabb sums, this process requires sonse delicacy in recalling frm distant parts of the Uni tod States as much as m av anwer the immedi ate exigency, yt not enough to press dindvantageou lv on the community This is the especial function of the Hank- How well it has succeeded imy Ue inferred from the testimonials of the ueces-ive Secretaries ct the Treasury. Thus, Mr Hush, in his Treasury Report of the 23'!. ef Dec l23. says: "In this manner, heavy payments of the debt ftrc, in i.Tect, made gradually, in.-te.-td of the v.diole mass being thrown lit once noon the money market, wdiich jaight producr inj'irion-otto-r reehork?. Ho prudently in this ;ects docs the Hank aid the operation of payaj; oJlthe dehtthatthe community hardly has u consciouine-i that it ii going on " And Mr Ingham, in like manner, on the 1 1th of July, 1829, says: 'I take the occasion to express the great fatisfaction of the Treasury Department at the manner in whieh the President and Directors of the parent Bank have discharged their trus' in all i heir immediate relation to the Government, o far as Iheir transaciiotis have come under my notice, and especially in the facilities afforded in transferring ihe funds of the Government, arid in the preparation for the heavy payment ofthe public debt, on the fiist inst. which has been effected tiy means of the prudent arrangements on vour Boatd, at a lime ol seveie oepres-j

smn on all the productive employ mentsithe arrangement made with ihe agent of

r.f the country , without causing any sen fible additions to the pressuie, or even visible effect upon ihe ordinary operations of the State Bank- 11 Finilly, the piesident himself, in hi Message to Cungress of December, 1U2J, fays: "It was apprehended that the wiihdpawal of so large a -urn from the Bank m whi h it was deposited, at a time of jntimal pressure ou the money market, njight cf,4ise auch injury to the iutetesti

rlopptirlant on fank accornrond.il ions. T0l! this pvil was wholly averted by at: earl uitirinulion of il at Ihe Treasury, aided

'iv tlie judicious arrangement? ff the Ort'ic.eis of the Hank of the United States.11 It had thus become the habitual polirv of the liank at t lie approach of any large payment, to bejjin it preparation for long period in advance, so as to collect its resources gradually, and to distribute it disboigemeots over a? wide a sphere as possible . In the year 1832, the country wa3 heavily indebted to E'irope for the large importation of the ear 1831; and it was particularly de-irable lo give to the com munity leisure to pay that debt out o their annual earnings and to prevent any addition to the foreign demand in 1832. Now there vere more Ihm twenty-five million- and a half ol the principal and interest of that debt payable in the year 1832 - from Dec. 31. 1831, to Jan 1, 1833 of which more than fitteen millions were to be paid in nine mouths, and be Uveen eight and nine of it to foreigner. The Bank was fully prepared to make the first payment on the 1st of October, 1832. The Stale Banks of Philadelphia, New Yuk and Boston, owed to this Bank $:,2o0,000 Its specie at this place alone was 3,200,000 It's funds in Europe were - - 2,ys'2,00u Making of cash in hand, or its equivalents, $6462,000 With an open credit in Europe, on which to draw, for - - 2,500.000 Besides not less than twenty millions ot debts, to be used for this purpose while the whole public debt to be paid on the 1st of October, was SU.GJ-VJSti 37. lo this state the b:nk. had it considered only its own interest, would have ben peileclly passu e, since it was perfect!) at eas-e. But it Ind other and higtier inieresN to consult. From the corutnuoication with the Treasury, in July, it was probable that the fundi ot the iroverii' tnent might be insuthcient to pay tr.e debt advertised lo be pai 1 ind that even it Ihese funds were adequate, ihe operation would exhaust all the mea.is of the government, and require that the communit) should repay the whole amount ofthe pub lie funds distribute-! among them It was further manifest that the ability of the governaient to meet its engagements de pended entirely on the punctual payment of the revenue in the commercial ciiies, from July to January, which was estimated at ab Jut $12,000,000. Tint resource was threatened with the greatest danger by the appearance ot the cholera, which had alieaoy began its ray ages in New York aud Philadelphia, with every indication of pervading the whole country. Had it continued as it began, and all the appearances io Jidy wan anted the belief of its cootmuance, there can lie no doubt it would have pros irated all comraerci.il credit, and seriously endangered the public revenue, as in New York and Philadelphia aloue, the demand on account of the toieign three per cents was about five million. . Tiie Bank, therefore, made ananaoge mMit with the foreign owners ol itiia f o k. to tiie amount ol 4.175,373 92, io ieve their money in the canary I r an tne year, the Bank as-ummg to pay toe mteii . .1.., Il ....A..... ...... ll. ... ! seined this, the Bank resumed its U;urtl facilities ol business to the community. Ol the whole tour millions postponed, the interest on mem n is cea-eu, ano n i

moment the only cei tihcates not yet ac hfi quarler'H llllere,t duimg the three t.nlly rotuined are thogr- in .'he n.une ot! n,onUl$ deHyaud this difficulty was retwo person-, amounting to 42,.J5 94,i ovt,,, f( t,e P, tident of the Bank, who and it is lemaikatd , th-t v. i.eoi the) agrtt,j lQ thn ,nterest f H3 ie u.oue) whole amount. d 1.175.3792 puichnse.ik((il(J ie!ntii, ln the hands of the Bmk. and p .?tpooed, thete remain onpai.i onl), rhe elIgrs just men,IOl,ei wete accord two owoeis, holding 42.3,0 94; thea-.n?, Sl,l)inled to the President, who mount ofthe unpostpone 1 threes still out-;Iievei. 9iiW he Secretary ot the Treasury standing is five or ten lime as much bo;ou gu,tjecl as tb.n ge,,t!emau was si k that in tact, as was anticipated in the .e-.HOfJ who ,11(Qsef decided on the postponeport of the Committee ol Way- and Mean-, t afef seeQ lhe recomiDenaaUoll f

the postponement has acUnlly bastenedijr jj'j)ufgc and Mr. Cambreleng ( purchase money was itlt m the use ol the the payment. !Much stress also laid on the visit ot :hei,JK ben.g simply added lo ihe 1 tea,!l thpsp things were fullv exnhuned PriIni r.T ih B4nk m Waninioi, J8ur ueposite. I he Bank sold the Bill in

by the Committee of Va)S and Means,

to whom lhai part oi tne i resiut nts iies , were in t'huadeipnia. the truth was, sage was lelerred, and that committee the letter of the aciing Secretary was accordingly reported as follows : 'received so immediate!) before the pt; "The airangement made by the Bank riod tKed lor issuing the notice of payfor a tempoiy postponement, with the ment, that if any thing were to be done rnnni .,i iht. hnldpi. of iUt luvmpnt of' at all. it was to be done onl bv personal

. r . l II . i .t v..,. ...v. w.w, . , ...j ...

live million- of the thiee per rem . debt, c ommunicaticn with the becretary, asf''y awineu uic ucua w, (ue uuvtmbeiiK' now substantially closed by the sur- theie was no time for correspondence.- ment: and has actually made and persists lender to the government of ihe certih- Th gentlemen of Ihe Committees were!"1 a oea ot a,leen lel ctul $153,-

cates of stock t xceut lor a tnall amiunt. ti except lor a sonau amount, !-debt itself, usl'aras re-pecta i,ent, at an eailier period than' in I the wlnl i r i 1 1 1 v r 1 1 1 1 1 r 1 1 1 . cil an c 1 1 1 1 1 i il i iii y an it is mobable it would otheiwie have been, this qaesti-.n seems no longer to pre

sent any important or practical object ofsuhject of reproach or suspicion, is thej't smg ,or us own protit. is a, inquit v,oi to call for, oi admit any action' surest mark of his entire confidence that'1 a'1 10 lhe "verument, which;

ot CotiTiess uu on it o I This ought io be satisfactory, yet is the jiiliiur-l nmu rft'lVfil with tho udditinrt it' . i . , m two distinct errois in point ol lact. 1 he i- ,i k ' ...

lUSl IS mm nit; I'mm i.uiis.. iuus mini . i . . , . . I . . i r.i i i ,i Uhe Committee of Investigation oi 1832,' .1 ibo mi1 ol Ihonnirtor it iiiinbl rod ho 7

able to pay over the deposites-'-where-;1,1,

ihstatftof the Bank. as above exidam

, i , . , i , . ' 1 from their icport, that this postponement ed, proved lis entiie ability to make this, ... i c .i i . . , . . . J , Iwas not the woik ol the Bank. The payment, and that its interposition was ex-! clu-.vely dictated by the desire to avertCouiai,nee ta'" an additional troulde at a season cf pesti-j 'They made a call upon the President

lence. The second is, that the pait the Bank was not disavowed until "some incidents connected with tins secret negociation, accidentally came to ihe knowledge of the public and the government." The fact is, that as soon as lhat part of the arrangement wlmh seemed to conflict with the thai ter, was received, the deteroiination was made, to decline executing it before any publication of any oil was seen or known in regard to it. The evidence of this is so clear aud so ehort, that it deceives ;j Is citecJ us ao!

f sample of the general inaccuracy of thia manifesto. The committee of exchange, in their report to CongreM in January 29. 1833, declare as follows: "Hut when the contract itself reached the Bank, on the 12 h of October, ami il

a nnpu ret 1 from the communication of Messrs. Baring, Brothers & Co. that the stock was to be purchased on account ol the Bank, they were immediately instructed, on the 15ih of October, that the Bank had no authority to become owners of the stock," he. When two of the members of the committee were examined on oath, before the Committee of Ways and Means, they confirmed the statement as follows; Question Had the President or Ex change Committee, any intention to disavow General Cadwalader1 authority to make the contract he did, until after the appearance in the New York papers of the 11th or 12th Uctober lust, ot tne circular of the Barings to the foreign holders of the United States three per cent. stocks, announcing to them, that they had the authority of the Bank to puichase or negotiate a postponement of the stocks held by them? Answer of Mr. Manuel Eyre. I can say ves nositivelv. I recollect it perfectly. well. When l ursi reau mis leuer, said it was not proper and disavowed it ' . n . a . 1 L 1. I Ancivr nf Mr Matthew L. lievan I . never did see rnvtelf, the uotice refeired to in the New York papers, but well re- ! collect the moment the letter was receiv ed, giving information of the proceedings in relation to that negotiation, the President of the liank , with the approbation of the Excfiange Committee, immediately wiote, disavrwing the nature of that arrangement, it having been made under a miappreh(:n-i The complaint in regard to the postponernent by the vt eminent in April, 1B32, is of the ? vine character. He says that "liter this negotiation had common ced, the Secrfctary of the Trea-ury informed the Bank that it was his intention to pay off one-hall" of the three per cents on the tii st of the nKceeding Julv, which inted to about $6.500 000 The Piesident of the Bank, alihough the Committee of lnvestig i?mj wa then looking into its a flairs at Philadelphia, came immediate!) to Washington, and upon te-pre.-enting that the Bank was desirous ol accomm idatiag the impoiting merchiuts at New Yoik. (which it faded to do) and undertaking to pav the interest itself, procured the consent of the Secretary, atter consultation with the Piesident, to post pone the payment until the succeeding first of October." The impression here intended to be conveyed is, that the President ot the Bank, in order to leiieve the institu'ion rom a demand wnic! it could not susuin, asked an indulgence which was conceded by the Governaient. Now the truth is, that the Government wished to make the postponement, but could not do it wiihout the ail of the Bank. Mr. M'Duffie, Chairman of the Committee ot Ways and Means, and Mr Cambreleng, Chun man of the Committee of Commerce, who were then members of the Committee ol lnves- ' "gati. out Philadr lphi t, wrote letters to jt.te Secretary of the Treaui y , dissuading (Joveiniuent Irom making the pay ment. The -nly difficulty in doing it wa, that the Commissioners ot the Sink jing Fund had no authority to postpone the !ia thav v. .,.,ld l. nh.id m nv while the Committee of Investigation at, ii. i- ti I , I aware of Ins going, and two of Us mem - t uYtie ui mo j ivu ui u uicuj-. beis wrote letters to promote his object. Pesides his leaving the Committee ot lo - v " -" - r - - v - i v tstigution in leil possession ot the Bank and all us papers, so fur from being a there was nothing in me concerns ol the i ........... . banK w hich the) o'.ignt not examine at leis uie during his ausence, aoa was Ihe best, 11 . . proof of his confidence in them as well as , . .... . , ... himeit. Ihe whole sutnect was before

th;t m,ltef acknowledged, as;ry, the fiscal agency of the Bank was of

'...5 '"

ofiot tiie bank tor me correspondence in re

lation to the postponement of that pay ment, in tne following words: Will you please give a copy ot the correspondence connected with your apphcaliou in March last, requesting a suspension by the Gov einmeni of ihe payment ot apoition of its debt intended to have been made on the first of July next, or a statement of the arrangement made in relation to that subject." Which correspondence was communicated by the President of the Bank with the following remaiks: 1 have tuade no application to the!

Government, nor have I requested any; suspension of the payment of any portion of the public debt." "The enquiry, 1 suppose, relates to this .tircuinstance ; I received a letter from the acting Secretary of the Tieaury, da-' ted the 24th March, 1832, informing me that Government was about to issue a notice on the 1st of April, of their intention lo pay, on the 1st of July next, one half of three per cent, stock, and to do it by paying to each stockholder one half of the amount of his certificate.'' He added: "Ifanv objection occars to you either as to the amount or mode of payment, 1 will thank you to suggest it." T hus invited by the Government in a communication marked confidential,1 to give my opinions on a measure contemplated by "the Government, 1 felt it my duty to express my views of its probable operation: in my reply therefore, dated 2.9lh of March, I stated 'that eo far as the Bank is concerned, no objections occurs to me, it being 'sufficient that the Government has the necessary amount of funds in the

Bank to make the contemplated pay. merits.1 I then proceeded to observe, that in Ihe present situation of the commercial community, ami with a very large amount of revenue, (amounting to mue millions.) i io ue pm ueouc mc ., debtors ot the Government would require .lit. m 1 II .1 . .1 . t A t I . . . . iI.a 1 .a ni ff,li t-LA all the lorbeai ance ana an trie aid mat could be giveu them; and that the pay ment proposed, by creating a demand tor the remittance of several millions of dol hrs t- European stockholders, would tend to dimiuih the unial facilities afTrded to the debtors oi the uoverumeuT, anu mignt endanger the punctual payment ot the revenue. For this reason 1 thought it tor the interest of the Government, to post pone the payment till the nest quarter. I further stated that the plan of paying to each stockholder only one-half of his loan would not be so acceptable aa if his whole loan were repaid at once. . 'Having thus performed my duty in giving the opinion asked, I left it, of course, to the Government to decide. On the part of the Bank, I sought nothing, 1 re quested nothing. Af'ei weighing ihe circumstances, the government weie desirous of adopting the measure, but the. ditliulty 1 uodeitood to be this, that the sinking fund would lose the quarter's interest, from July to October, of the sum intended to t e paid in July, and that the Gov ernmeut did not feel itself justified in making the postponement unless thai in terest c-.uld be saved, but that it would te made, provided the B ink would make the sinking tuod whole on the 1st of Oclo her To this I ?aid, that as the Bank would have the use ot the fund, during the three months, it would consent to save the sinking fund harmless, by paying the ihree months interest iiself; as the matter stands. 'Now, it will be seen, that the Bank, in ail this-, has not had the least agency, except lo otfer its opinion, when it was asked, in regard to a measure proposed y ihe Goveinmeut; and then to offer its aid in carrying thai measure into operalion." "The committee are fully of opinion, that though the Bank neither "sought" tor, nor "itquesteri"' a postponement ot the payment by Ihe government, as stated in the declaration of the Piesident, yet it such postponement had not been made-, the Bank would not, on the 1st of July, have possessed the ability to have met the demand, without Causing a scene ot great distress in the commercial commu miy." The next evidence adduced of the Bink's oppocitiou lo him, is its claim tor damages. Ql this he gives u.c following accouol: "Tiie Bunk became the purchaser ol a bill drawn oy our Government on that ol France tui ab. Ui IrO.lrOO' U i.. the fiist HisLaiiit m ol the r lencn moemmu. The Logianu, ami the holuei sent it lo Fiance tor collection, anu arrangements not having been made by the Flench goverumenl tor lie pa)oeui, il was taken up by the agents of the Bank in Paris, w ith the funds oi the Bank in their hands. Under these ciicu... stances it has, through its organs, , ....I. ..I . U I.. .L s o-- - I "oue beyond some Hiding expense, has inj jl been sustained, and when the Baf.kj - " aa "us. " ua.uage, (had in us own possession on ueposne, ?ev i Jeral millions oi the public money tvhich' lMU" - cpcut.i; ol the goveiaaxof, woithy of further j . Q1 i Tiiht. It is. not correct to stntp ih.it ihp Bank was toe "fiscal agent" ol the Gov- ... eminent ui this matter On the coutra- " w viut;ni ment, and declined, 'i he Bank did not! wish to puichase Ihis Bill at all, but pro j posed lo collect it, paying the money only! alter it bad been leceived by the agents of the Buuk in Frauce. Thus when the! Secretary of the Treasury wrote to the j Bank about this bill, the President of the! Bank in his auswer daled Nov. 5, 1832, said The Bank has already in Palis a larger sum th.iti it has any immediate use tor, yet it is not indisposed to increase iti because il may hereafter have occasiouj tor ihe iuuds, and because it is believed! that it the terms cau be made acceptable' the purchase ui the whole by the Bank would be the best operation for the Gov animent and ajjam to the same letter J

'In regard to the ratr, yr,u are t!;2 most compatent judge of its fitness, and I will merely add, that the bank not wanting funds m Palis, and believing that they will be lower heieafler, would not make a similar purchase from any other quarter, and is influenced exclusitely by the belief that any other arrangement would be less advantageous to the Treasury.1' So in his letter of the 11th of February, 1833. "the purchase of the bill is not in Ihe least desirable to the Bank, nor would the rate now allowed be given to any other drawer than the Government, for we shall send by the same conveyance which carries your hill, a large amount or bills purchased at 5,15, being nearly 1 1-2 per cent, less than the price actually given to the Treasury." The Bank then did not wish to purchase the bill. But the Bank offered its agency to collect it on the following terms, on the 5ih of November, IG32. "Should you prefer not fixing a rate at present, but to take the chances of a higher rate hereafter, the Bank nn receiving your bill would place the amount of it to the credit ofthe Government on the 2d of March, at the current rate of e-hange of the best bills on that day in PhiladeN phia." Here then was a distinct proposal to collect the bill just aa the tfank collects bills for individuals, k that if the bill had in Nov. 1 332 been snt to the Bank, it would have been forwarded to Europe; and if on the Cd of Feb. 1833, when it was payable in Paris, it had not been paid the Bank wonld have been apprised of that fact, and would not have made the payment on the 21 March, and the whole Hansaction would have been closed. Thia i ourse; however, the Government did not adopt but after considering the offers for the bill made from other quaitere, decided to sell it to the Bank. Secondly It is not the fact that thi money "was left in the use of the Bank, being simply added to the Treairy Deposits.1' Suppose that it had been, it wonld not in the slightest degree affect the question of damages. When a party sells a bill, and is paid for it, that is, has the fundi placed to bis credit to be drawn whenever he chooses without further notice, the party is as much paid the fund belongs as little to the Bank as if the party had actually withdrawn the whole sum in specie. But not only was the fund in thia case drawn from th. general recources of the Bank and placed to the credit of tho Treasuty, but immediately after that was done, Congress passed a law to lend the

money, and the Secretary ofthe Treasury issued a notice that this mooey was to be forthwith lent cut to capitali-fs, that is to say, to be immediately withdrawn. The credit given to the Treasurer yva3 on ihe 1 1th of February 1833. The notice of the Secretary dated the 6th of March, offered to leud out this money atfon l.a fJCWl-v ,.f !T I. r il,. v. uir. ivnj ui iUrtll.ll -Ul L'JUIIC HIV Bank could make no r-e of it on the contrary, as it would probably he with, drawn immediately, it became not merely useless as a deposit, but required the Batik to shape iU loans to others no as io provide for the immediate payment. Nor is this all. Not only was this sum passed to the credit of the Treasurer not only wan the early withdrawal of it from the Batik announced by the Secretary, but the identical proceeds of this idenlical French bill, wore actually ued by the Government tor the payment of ita ordinary expenses. To be concluded next zveek From the Louisiana Advertiser. a ciiali Nr;i:. V e c.iallenge any Mercuiialist in thia city , to discuss publicly, any scientific principle or doctrine comprised within the limits of the well settled opinions of ihe modem physiological rational school of medicine. The discussion to fie based upon quotations copied vet bally and literally from the woikson the principles and in stpu eg of medicine by J. V. Brcussais. We challenge any meicurialist in thia city toioyile the physicians of the place m any, or on every occasion of death of oue or more individuals treated during" their last illness, by a regular and systematic course of calomel, to examine the sut jects after death; and we pledge ourselves to demonstrate, by refening lo the oead body and exhibiting and pointing out the derangement of its structure, that in every case disorganization and death were caused or accelerated by irritation of cal '- BBOUSSAIS. fjr The discussion to he conducted orally before the public generally, or befora scientific men aloue, or to be written and published by agreement at the same ime, in any medical journal in the U. State9. Arrest of Counterfeiters. Gen. Jone?, Mahal oi the Missouri District, arrived in thisciiy yesterday, from an excursion to the Western pail cf the state inquest of counteifeiter-. He was completely succe-sl'ul in the object of the expedition, having captured Jne of the gang, whom he lound located in an obscure comer of Cole county. They were brought to ihia city, and are undergoing an examinatiorj before Hi- Honor Judge Peck. The Mar. shal lound upon them all the implements of their trade, dyes, printing appirafus, paper, kc. together with a latge amount of counieifeit notes. it is to be hoped that the new Penitentiary may be comple ted in season for thtir reception. St. Louis Iiepub. We learn by a late London paper, that Mrs Trollope was brought up before ihei Bow street Police, and fined twenty otut nhillings, for an assault on oue ef her servant girls.