Western Sun & General Advertiser, Volume 24, Number 51, Vincennes, Knox County, 11 January 1834 — Page 1

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ft BY F.LSHU STOUT.J vmcs&rEffss, ia.) Saturday, jsiuahy ai, 1834. vol. xzzw. sro 51

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Ciic e&estcw Sun

V I.I I 't 1 T . I II II I T II. fi I 1 II . . F- - .w .... lUUUOor-,; VMi.m Oi.iV u.m.i.ii-ui " , . , , ('1 tho pay incut oi .yj at tbo tunc ul subs.cn-: and no subscriber at l.oorty to disconlmUNmUii all arrearages ar paid. b 10- j rusr.r J-ncr. ior sucupuoi, u uui vuumi in, ,riU- j .unus,..,;... ; Mp.iare will i.e .userted turee times tor j nae dollar, and twenty live cents lur eae.u ctk.rin.;e:-tiun lo.ijrur ones in the samel nr,i'. !p!':im r-r-I r.t)rm ren i.- ;i'iv(;ri" i v-" o LIST Or AS!&?5. John M.ir-.hv. Washington, Ind. John Vanlrees, do do. John Arh ith'.sot, Princeton, Ind. i.hn i. V..,J do. Oil, us Ci---di, Mount Pleasant, Ind. J V 1-,'er, (w: frairie, Ind. .P.r -Masier, Uloomfiel,!, Ind. PoI-M.Nm:, Sandersvillc, Ind. Po-'-Mi-o-r, OwetisviUo, Ind. Pjs'i-M'isi t, Siinkai!s Mills, Ind Jess'1 Y. Wis' orn, Mount Vernon, Ind. i Lev - Price, L'vansviUe, Ind. Jo'.'.! W. Davis, Carlisle, Ind. j-i.e On:. M': 'rorn, Ind. Pv S'-Mov,:r, T-'rnnn's. Creek, Ind. J- hii C. R ::ev. Lawrence ill;1, hi. 5,-:-M-ister, Palestine, 111. Boonvilie, ind. Post-Ma'cr, tlockp rt, Ind. I.'. 1- r. M. Now-Harnnny, Ind rrrr-1 - . - ----! hLi i ;!. 1 'Of tc SWrcUrrtf of the Treasury on the j renticdi of ihe Public Deposites front t'u i:anl- of the fritted Stat a uu'di j to jt.'i Houses of CougrftiS, Dee. Uh. Tn r as ir u v D v v a rt jr f. n t, ) December IM, iyo. Silt: In pursuance of the ' power, re- i served to the Secretary of the Treasury, j by the act of Congress, entitled, uAu act i to i: -orporate the subscribers to the Bank I of the United Statos,' 1 have directed, j that the. deposites of tho money of the U-j nit id States shall not be made in tho said iLnk.or Branches therewf, but in certan Ks';ite Bardvs, which have been designa-tc-J tbr that tn.rpoe. Aud I now proceed to lay before c-uv.ircs3, the reasons which induced mo toive this order and direction. The P;h section of the law above men--, tioned. is in :he following vords: "And bo it further enact' d, that the deposites of the j money of the Unitrd States, in places in which the said Bank and branches thereof; inav be established, shall be mtulo in said j B.mk'or branches thereof, unless tho Seci;cxary ot the livasury shall at any time . otheiw i-e order and uirect, in which case -

.7' , . . , . , i executive departments of government,! retarv ol the treasury, doc- nut depend lament in advance being the mtitiml j aflj p(jwer over t!lia SLlbject-rorm a narl (t:r it exercise inerelV on tho saietv of the interest oi botu parties, that mode is soli-jof ,hc exccutive dlJtic3 (J, hi, onicei the j public money in the hands of tho' -bank, .. . ,. . I mariner in which it is exercised must be J nor upon the lidolitv with which it has conA iai.urcto:iott;y a wish to discontin 1 I jeet io the supervision of the officer to ducted itself; but h- has the riONto rciioaM the constitution has conned the ! move the deposits, and it is !:?ntv to IV will L-e oousioeri'd a new engagement ;, 0 ...i !..,. . .? I M..., ::....

torn 1 i-s inu-.. pay tho postage on tncir pa j The faith of the United States is, how-! Taking these two principles a? unnp-cs-pei-wue.ison; ..y mail. Letters by mail ; Q pedgc)$ acconiilli? lo lhe terms of tionablel proceed to state the reasons to tho c. l;tor 0!i biisme. imit be paid, or h ci,itl above staled) that tho pubhc n bicli induced me to believe that it was tiiey v. ill nil be atten;.e- to , tli:Jt,oV .j!:j j.c donositcd in this Bank. nV necessarv for the interest and convenience tiu!HVi: will be received at tnc earn ; 1o.c t.nvntTXr ,r ,un .'A thn UnU i ti... un tt..;,..i

ti.-mients, must spccity tuo numuer J ihorcfore contiiiuo to bo deposited in the tin.es they w i.h them inserted, or they will j IJank unti ,he agl hour of itg e,.ist0Mf.c be. c-er.i.iucd unti ornercd out, ana must j utl,c u sha be otherwise ordered by the i -aid lor accon.mg.y. lia?iioritv mentioned in the charter. "The

the Secretary of the treasury shall i:ume-;s'irv

ruaicl v !iy bolero congress, it m session, and if not. immediately after tho com-j inencemont of tiie next session, tho n?a-; sons of s;u h vuder or direction.' j

It lias been settled by repeated ndjudi-Ulit.

'cations, that a charter, granted by a State I to a corporation tike that of the Bmkof i!t" Unite, 1 Stale-, is a contract between 1 the sovereignty v.-hich grants it. and the j tc -cUh 'dders. The s.une principle must j apply to :. chartergr.uited by the United i 41. v Si it'-, and consequently the act iucorpo-'

vti:e.r the Bank is to be regarded as a i pinion; and at that day no doubt seems to j accordingly argued on mth si ics, before con'. r act betw een the U niled States of the ; have been entertained of the power or of; the tribunal of the people, an 1 their veroe.cpart and the stockholders of the o:!icr;: tho duty of the secretary in i iation to diet ?ronounced airaiut tho nan!:, by the a: M?y the pl ain terms of this contract. ; this subject. It docs not appear to have j election of the candidate who was known as contained tn the section above quoted,: been then even suggested, that the right ! to have been always inflexibly opposed to the tockii'ders have agreed, that thepow-1 of removal depended on the solvency of j it. er r ervc! to the secret. u v over the depo-i the bank, or tne safety ef the public tin- Under these circumstances, I could not

bite- hnll not be restucied to any particutar c. 'Uttujiencics, t ut ce aos U'-ee aud unconditional, a- lar as their interest are,' involve! m t'ao remove.!. i lie order,: therclbre, of tho s creiaiy ot the trees I-v. directing the pi'e!:c muncv to be dcuosited e'-e .'.dure, can i!i no event be iv-' gnnl'.i as a viol.ui va ct the contra'-t with ' thv so-.iuoiucr, tru impair any n-nt se-, ea re : t ie:n by too c'n.iner. Tne tie isurv Mrtoienl ! eie;r outru-tuf witii ue.m:u;i i'f ui of the ime.nces c t the' country, n was :uv.a mo o.uy oi iite i-ecr. Mi v, in t'.ce al'senco id any lcuia1 1 or ) i-o n n i:. ci: -ct, ;o ;a;co era re that th" p i'.-a-e in uv-y was ricpoite i in i-e'? k( e c.u-r, in the hind- of tui: hud a-i anu in c-n enicat places, reu.iy t- , V ic.i ae-or line: to the we.n's i f the i n cr;on--n '! lo I; '.S : o i, ;! ;o Tn 'v inc. ip : itin ; the e- u ; ed t ) hi:!., in .t- full iv. er he b- forc in.- .-. oxIt V. ! -s i. d ;o:.t. r on nm. a ne w . wcr, but, ie-era l b.tm ins f : ;(! :r c-itlci tt , n ath -' O'l' if litutiatton. t oe ooiigitua to ao-i ;U lice iee.ou l ' "'A ttlC ItlOIC.'N o tor tu f the 1 :um e'.ion to ivc'v.'iwi to cannot b-- loot.; b ; a r

Mriction of the power, because the right of. d secretary to designate the place of do- j

rc was always necessarily sublet to . . - llo rftnrn nf rnnr, A.l il, - V--. . 111 UI'o-vU-! retary of the treasury prnsi(:cs over OIMS of to taUc Cilrcthat the laws be faithfully ex-1 cailCll ' otherwise order and direct.'7 And as t J agreement has been entered into bv Lo i gross, in behalf of the United States, the wf d itc CQuld Rot be ch )y a ,0;:isativc act with()nt disrc.ranfi:ig a picd ,vhich t!lG legislature has given; i .i . tr -. , ... . " :i u i!i(! riiDncv fit inn .in t?itpQ nnw power over the place of deposilo for th?. ' public money would seem prooerlv to bolong to the legislative department of the government; and it is dillieult to imagine i v. !iy the authority to withdraw it from this ! ; IJnnk was confided exclusively to the ex- , But the terms ct the charier ap- j

j pear to be too plain to admit of question :j which the discretion vested in an execui and although congress should bo saiisiied j live department might with propriety lie in

th it the public money was not safe in the care of the Bank, or should bo convinced i that the interests of the people nf the Unired Slates imperiously demanded the I removal, yet the jvissago of a law direct-i ing il to be done, would be a breach of the : J agreement into which they have entered.

Assuming this to be I ho true construe-! ably be. made. Bat where notum"-of this ' tion of the charter to the bank, it must be. ! kind exists, an executive ofii er of the goIthedutvof the secretary of the treasury I ve.nmeut is not authorized lo regulate a

j to withdraw the deposites of the public j tociiey from that institution, whenever the ! i change would in any ueerec promote th.: public interest. It is not necessary tint tho deposites should bo uusalL in order justify the removal. Th authority) re-1 move is not limited to sucli a contir. ;??cy. S The Bank may be porlcctly solvent,. od reparcd to meet promptly nil dentaT.d:; j upou it. It may b.ave Iseeu faithful in the j performance of its duties, and vet the pui-1 lie interest may requite the dcoosites to ' be withdrawn. And as that cannot be done without tho action of this depart-! ment, the secrete-ry of tho treasury would betrav the trust confided to him, if ho did not cause the deposites to be made else-J where, whenever the change would ad ' vance the public interests, or public cot:-1 venience. The safety of the deposites, thc 'ability of tho Bank to meet its tui gagemeuts its .-.delitv in the perform-! race of its obligations are only a p a.t o! ; the considerations by which his judgment! must be guided. Tho general interest and convenience of the people must rcrulate his conduct. This principle w as distinctly asserted by Mr. Crawford when ho was the soeretary of the treasury, soon after tho Bank obtained its charter. In a postscript to his j letter to the President of the Mechanics! hank ot New oik, dated I ebruanT-vyiK 1S17, lie says: "The secretary ofth will always bo disputed to suM'U't t'.io crec.it of the state banks, und will in - variably direct transfers from the depo-f-ites of the public money in nid of their legitimate exertions to maintain their ere - Pu a tho prop-osition oflhe Bank of the United States excludes the idea of!

I pressure on its part, no measure of thathiou to congress for the renewal of its char

nature appears to be necessary at this time.' Other passages in the corrcspondericc of Mr. Crawford with the bar.hs, c - bout the period above mentioned might be C1 referred to, equally indicating the same o - :iey co-umitted to its custody, bi the contrary, tn the passage above quo:d,he superior safecy of the state banks means legarded as r.eee--ary to give hmi' iuc rijhl to make the transfer to them. I 'or he d-e-dares th.it he will rive the deo - sites to tho state banks, mn account of th-uV w -eedrncss, and to protect them frotn the i.ink of the United Slate 3, if bv means of its superior strecjd;. it s r.ig'nt to op - ress th m. Nor can any distinctbn be taken between the transfer of a pa U lac tran-ter ot the wnoie sum, ro:ilirmj -?n dcp-sie?. Toe Ian-Mace of thcaar - ter recognise a sncii distin'ion, and tiie p-incipic asserted by .Mr. Craw fbid, would have led him to th.' removal of the wh de am ant u the ; folic money lo the state banks, if a press irc n thi vert ot t::i; 'ban!; of th Uaited States fi, id rendejvil su oh a me as ire nece-s irv. in cr.ie to suop irt the state banlts in their begin. r. ate exert uis to maiut i:u their crcu; Pii" language of the iaw thcrcf rc, and tne usage and practice ol ui ' government u: i.r it, i ctaiui-lies the t-iiow ing pnnc; und p:e-. o tK. A O 1 ' V as ir.

tended lobe reserved exclusively to the secretary of the treasury, aud that accor-

dm;; to tho stipulations in th . . " o charter, irmi!,! .,( I, I. Wll.r.'1 vvnii,! tiwi Illicit. I icl'J UJ liUI.V. 'jd. That the power reserved to the sec est or convenience will be promoted V the change. States should ccaso to be tho depository oi the public moncv. The charter of the Dank will expire, according to the existing law on the subject, on the third of March, lSli'vi, and tintwo years after tho termination of the charter, it is authorized to use the corporate name for the final settlement and iiquidatiou of the aifiirs and accounts of the corporation, and for the sale a d dis position of the estate but not f r any oth or purpose. It is the duty of the exeeii th e departments of the government to c: en ise t!ie powers conferred on them, according to the existing laws and thev cannot be allowed to speculate on the chances f futuro chan-jes Dv the Ichdative aulii uaty. Perhaps there nuy bo cases, in pmp some degree influenced by the expectation of future legislation. But th y must be cases in which tho principle of justice, ; or the public interest manifestly call tl-r an alteration of tiie law, or wlicr? som expression ot the public opinion has I strongly indicated that a change wilt or.;o discretion, w hich the biw has entrusted to him. upon iheatoumpts that the law will le chanired. v, ticipri thor :f tho above mentioned ground.-. It i? vi-y ovidcnttii.it tho bank has no cbiim to renev. a!, fou:ided on the justice of congress. 1 -'or, independently of the ma - ny serious and insurmountable objection. which its own conduct has furnished, it cannot bo supposed that the grant to tins corp--ration ui exclusive priv il:ge.-, at the cxpenso of the rest of the community, for twenty years, can give il u riihi to de mand tho still further en jo uncut of itprofitable monopoly. Neither could I act up -ci the assumption that tiie public interest required tho re-charter of the bank; because 1 am firmly persuaded that the! law which created this corporation, in maf its provisions, is not warranted bv tho constitution, ft ad that tho existence of such a powerful rnonied monopo - ly, is dangerous to the liberties of the people, and to the purity of our political institutions. Tho m.inifestatioris of public opinion, instead of being favor aid to a renewal, have been deci iedly to the contrary. And 1 have alwav s regarded the result or the last election of the President of tho U. li i ted States, as the declaration of a maiorij ty ot tho people tiiat the charter ought not to be renewed, li is not necessary to ! state here what is now a loader of historv. 1 Tiie question ot the reuowui of tho diuri ter was introduced into tho e'.o'eii m by th corporation itself. Its voluntary apolieu - ter tour voars before itexoirei, and upon the eve of the election of President, ; understood on all sides, as brewing for-! i ward that question for incidental decision,! I j at the then approaching election, it was! 'have been justified, upon cither of the j grounds above mentioned, in anticipating in the existing laws in it d a - tion tti tho bank; an. I as the act of riTj l ; g:vs wbudi created tho carpor.ition, limits j 1 its durati ui to the third of Much, l:b'.J i it became my ilu'y, as secretary of the : trav.sory, in executing tiie trust confided to ' ! me, ttnder tlio law, it look to that period : a;t fim-e as iho termination of its corporate ' existence. ! had no sufficient grounds for , presuming that th-i law would bo altered in ttus respect, y tuturo irgisiati en, and a . new ni irtcr granted to tho t-ank. It was thentfore incnuibent upon me. in disehar - ' ging my official duties, to tier upon the as:,um:duon tiiat this corp"rati u would not t-.-.nii!ii:o in being alter the time abovtsje -

1111 . t i . i

in tiecMing upon tho courso wh:rh it was ios: the peculiar vaiuo they now posses. I Mian was proper to accommish the obie t

to ! my duty to pursue m relation to th-uopo-1 and die notes pavahl ; at -.istant places ! with safety to the community And if it

i did not feel my-df ju iiied in an-j become as much deprc iated a.j the notes i had depended ion my judgment at an itii!.-;: the renewal of th rliarter on ei-! of local batd:s. And if, in the mem time, (earlier period. I should havcMrpfrrofl -tA

e uiiini.e in I -clog alter the time abovasje-, j' over oi rcnievai.. ln ing asiaet mere- j sun; ior k..o iniiiic.ise ouisinoiiig c -ims eifee I. And in this state of thing-Y y ' f uc, tor tiie prese;:', nil the eo:i.-i.ieriii.,..s. ' which would then bo duo to the corporuout an retcrenec lo tho manner ir- i ! whicii tho tn":-c icluci of the laid; has ; fi on. While tho bank wa thurf proceed-

' o: tL ba.:Miad coo ' :ted itself, it Oec.uue neecssan to decme whether the dep. sites i.ueiit to remain tn the bank until the etii of its corporate life, or le removed ;it :ne earlier period. In forming mvopini oi on tin- s.i. jee, I could omv inuuiie: woi. li of these mea.-ites would tries; conU'.'co ;!;o oip.I;c :ovd.

Iris obvious," that the interests of tho country would not be promoted, by permitting the deposited of thes public money to continue in the bank until its charter cpircd. Judging from the past, it is highly probable that they will always amount to

several millions of dollars. It would evidently produce serious inconvenience, if such a large sum were left in possession of the bank until the last moment of its existence; and then be suddenly withdrawn, when its immense circulation is returning upon it, to be redeemed, and its private de positors removing their funds into other institutions. The ability of the bank, under such circumstances, to be prompt in its pay-; uients to tho government. ninv bo well doubted, even if the ultimate safety of ihu deposifes could be relied upon. Besides the principal circulating medium now in the hands of the people, and the one most commonly used in iho exchaniies between distant places, consists of the notes of the bank of the United States and its numerous brunches. The sudden withdrawal of its present amount of circulation, or its sudden depreciation, before any other sound and convenient currency was sub stituted for it, would certainly produce ex tensive evils, and be sensibly felt among all classes of society. it is well understood that the superior credit heretofore enjoyed by the notes of the bank ol tho United State-, was not founded on any particular confidence in its management or solidity. It was cca stoned altogether bv tho agreement on behall of tiie public in the act of ineoporation, to receive them in all payments t the I nited States; and it was this pledge on i the part ol tho government which gave general currency to die uo:es payable at rem branches. The wame ennanemcnt. in favor of any wilier nnmied institution, would give its notes equal credit, and mai;e thoni eipial! v convenient for the purposes of commer e. But this obligation on die part of theUni:od Stctes w ill cease on tho :-M of March, 1SJ, when the charter expires; and as soon as this happens, all the outstanding note. ot tho bank will no oilier currency is substituted in its place, by common consent, it is easy to ibresec the extent of tho cmbarrass- ! merit which would bo caused bv th sudden derangement ot the circulating medium. It would be too late at that time to provide a substitute, which would ; ward ol' die evil. The notes of the bank ! of the United SUtes iti circulation on the second or September last, which was the date of the i iiest return before mo when tho order f u' removal was given, amounted to .SlN,U'.'i7 07, scattered in every part of the United States. And if a safe and sound currency were immediately provi j ded, on tho termination ot the charter, to take the places of thesi aces ot these notes, it would i time to bring it into general still require ti; 1 us-., and, in tho interim, 'he peoole would be subje cted to all I no inconveniences and losses w hich necessarily arise from an unsound state of the currency. Tho evil would be so great and the distress ra general, that it might even compel congress, against its wishes, to rcehartcr t.e bank: and perhaps more effectual means could hardiv we d: ised, for insuring tho renew al of the charter It is evident that a state of things so much to bo deprecated can only bo avoid ed by timely preparation, nnd the cohtlnnance of the deposites can only bo justi f'u'.l by the determination to renew the ; charter. The state banks can, 1 have no doubt, furnish a general circulating medi um, quite as uniform in value, ns that whiah hii been afforded bv the bank of the United States Probably more so. For it is well known, that in some of the . cities, the branches of the bank have been in the hatut, w henever they thought prop er, of ref.i.-ing to honor the notes of their own bank, payable at other branches, when they were not otiorcd in discharge of a debt due to the Unite 1 States. But a currency founded on tho notes of state banks could not bo suddenly substituted l'r that heretofore furnished by tho bunk ; oi tiie t-uited states, and take the place of 1 it at the same moment, in every part of - the union, it is e.-scntial that the change should be rudua!; and sufficient time .-heuid bo allowed lo suffer it to make its way by the ordinary operations of commcrce, without requiting a hasty and vioeat e.ftort. ' In th'n icw of the subject, it would be ! hiirhly iidevhcious to sutler the deposited to ; remain io the bank of the United States, . unin me .nose us corpora: cxisience ' At.d as thev cannot be withdrawn w ith : 'Ut tho action of i!ie -ccrctary d tin trea sury, it must unavoidably become his duv, at s unc pcri.d a" tiiwc, lo exercise the , j' wcr ol rem.-val.. l.aying asiae, Uicrc : fur:ii?hed, the qucsti ti presented to thi dj; artuicut .;, ho.v long could the rcuioal bediuavel consistency with tiie pun - ' lie interests ? It is a qucition of tine onI v. The duty must be performed at some period; and c-ulrt i"t be altogether o;nit - ted, without ia-tlv incurring a heavy

I I ' .-.--.wi.vuiiiiiu

; i on,li;i'ity : to commumty, Ur uil I'i'j.Ua ini-r o; tr.c pnucipiu ccmrcrcra

consequence that might follow. And it i, I thin!;, apparent that the measure was delayed as Ionr ns was compatible with the interests of the people of the United jSta'es. The monthly stttement of the bank, r?

the second of September bsf, before re ferred lo, shows that the notes of the Vfd: and it branches then in circulation amounted to $18,113,237 07,and tht iis discounts amounted to the sum of OJ,G"d,3.")9 50. The immense circulvion above stated, pervading every part of tho United States, and most commonly ,'vd in the business of commerce, between dis tant place?, must all bo withdrawn from circulation, when tho charter expires. Ii any of the notes then remain in the hand. of individuals remote from the branches at which they are payable, their immediate depreciation wil! subject the holders tcertain loss. Those payable in 'he .rincipal commercial cities, would perhaps retain nearly their nominal value; but this would not be the case with the notes of the interior branches, remote from tho "rent marts t trade; and the statements of tho bank will show that a great part of its circulation is composed of notes of this de scription. The bank would seem to have taken pains to introduce into common cso such a description of pper, as it could depreciate or raise to its pr value, as best suited it? own views, and it is of the l!ret importance to tiie interests of the puli thu the?o tjotcs should all be taken cut ol circulation before they depreciate in thhands ot the individuals who hold them; and they ought lo be withdrawn gradually, and their places supplied, as they retire, by the currency which will become 'r: substitute for them. How long will it require for the ordinary operations of commerce, and the reduction of discounts bv the bank, to withdraw the amount of circulation bef.re mentioned, with on Tni,.a shociv to the currency, or producing a dUtrcssing pressure upon the community ? I am convinced that the timo whi;h Teinaine ! fr the charier to run after the first of October, (the day on which the lirst order for removal took eflect,) was not more hoitld have taken a longer time. Enough however, is yet left, provided no measures are adopted by the bank, for tho purposo of inflicting unnecessary suffering upon the country. Apart, therefore from any considerations arising out of the conduct of the bank, and looking merely to tho near approach of the day when it would cease to exist, the withdrawal 'of the de posit es appeared to be required by th puluic interest, at the time when the first order for removal was given by this deparltnent. This opinion is confirmed bv the crounu taken in favor of the renewal of the charter at December session, 1S31. It was jthen urged that the short period which ct 'remained of its corporate existence, ami t.ic nccc?;:y ol preparing to wind u.i its concerns, if the charter was not to be renewed, incde it proper that the qucstior should at once be decided. Very little more thin h tlf of that time yet remains. And although I do not concur in the opiuions then expressed, and believe that the application was ill-timed, and prema- - lure, yet the arguments' then relied on bv many whose judgment is entitled to respect, aflbrd strong grounds for concluding, that tiie measure now adopted is not ob jectionable on the score of time, and that - iif the deposites were not to continue in the bank until the termination of its char ter, their withdrawal could not with propriety be longer delayed. There is, however, another view of this subject, w hich, in my opinion, made it mipossible further to postpone the romoval. 'About the first of December, ltH2, it had been ascertained that tho present chief magistrate was re-elected, and that his decision against the bank had thus been sanctioned by the pcap'e. At that tirno tho discounts of thft bank amounted tu j 1 ,57 1 ,t!.o Go. Although the issue, which the bank took so much pains to frame, had now been tried, and the decis;j ion pronounced against it, yet no stcp3 I w ere taken to prepare for its approachin end. On the contrary it proceeded to enj large its discounts; and on tho 'Jd of Au--jgust, lr33, they amounted to 01,100,. 11! j 13, being an increase of mora than tw und a half million in the eight month;; j immediately following the decision against them. Anil solar trora preparing to ar j range its affairs, with a view to wind up i:.j business, it seemed, from this course of con luct, to be the design of tho bank tu Hit itsclt in sucu an attitude, that at tho close of its charter, the country would bo - ! coippelb d to submit to its renewal, or t e j bear ell tiie consequences of a currency . s-id Jcnly deranged, and alsoascvere pre?- - ? un tor tno nnuiouse outstanding c -inn proceed. ' ing to enlarge its discount?, an agent was j afpuiided b the secretary of the treasury ! to inquire upon w fiat terms the state Lank. would undertake to perform the service; j to the government which have hervio: to , been rendered by the bank of tho Uni'ttl S.aies; and aUo!- .iM-enain their cud

( - -e ( 4 v ,