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IMI1—W—M—WBWOT TESTIMONY AND DOCUMENTS j Jccompanging the Report of the Special Corn-1 vtilite of the House of Jieprtsenl'tlives, ON THK MKMOIUAL OF NINIlft LOWAHU3. Jaws l.lnqtl, <j the Senate, su'oni, at the request of .Mr. LIU tea nli. I^oestions by Mr. Cook, id Mr. Edwards’s behalf. Slate, if you please, what is niiMiil t>y a special deposite made in banking in stitutions Jlustcer. Tnat will <I«-p«-ntl on the custom of the place, nr the usage of the bank where the deposite is made. A special deposite is not a very definite term. A piece of blank paper said to contain a thousand dollars, may bo a special depositu ; ns may bo a bundle of notes left at a bank f >r collection or safe keep ing. Some banks receive a special deposite paper issued by other banks in the same state, or in other states, and which is repaid by the bank receiving it in the same bills as those in which it wasdeposited,or in bills uf hanks pre s inusly designated. 1 should consider as spe < i d deposite that which did not mix nor min gle with llte general circulation of the bank. (£. Are special deposites ever made, with out designating the amount and description of money, or the tiling deposited ? •/?. I should think they were, sometimes, merely for the purpose of safe-keeping. More generally, there would he a label on the out side, specifying the contents of the bundle, box, Stc. deposited. It may be noted in the memorandum hook of the Cashier, but does not enter into the transactions or records of tile hxnk at all. Plate is often deposited in this niarner, and other valuable articles. In one of the Boston banks, I have now u deposite «..r iliia description. Q. When deposites are made for safe-keep ing, is it ever uudeistnod that the bank is al io wod to tradu upon them as its own funds ? •fl. Never, I believe. Some of the banks in M issachiuetls keep accounts in two kinds of money ; Boston money, for example, and foreign money ; which lattter means hills of banks located out of the city. If a smn Is de posited, repayable in foreign money, the hanks designate un a list, generally posted in the banking house, a certain number of banks whose bills they will receive as “ foreign mu n*y,” which money they use ; and if they re pay the sum deposited in the bills of these banks, they deem tire contract fulfilled. If any one of these banks becomes insolvent pre ’"'‘•3 iw mi- m 13 my lll.ll the bank receiving its bills rims the risk of the loss thence accruing. Q- When a deposit* is made of foreign money, or such as is nut received as general deposit*, bat subject to be refunded to the depositor in paper of a similar kind to (bat deposited ; if paper of n similar kind, at the time of making the deposit*, should after wards depreciate io value, would the deposi tor b* bound to receive it in its depreciated state, in payment of such deposite ? A. 1 should say yen to a question thus spe cific ; but I do not know wilt-tiler, Strictly con sidered, the notes of d.jflerent banks can be viewed as precisely similar. If the hank tpo cifiea beforehand io what money it will repay, it is a special contract, and the depositor must abide by his own agreement. But, if one of the. banks in whose paper the deposite is agreed to be repaid, has subsequently failed, the bank receiving the deposite would not, in my opinion, be authorized to repay the de posit* io the notes of such bank as had thus failed. What rate of depreciation would jus tify a bank in offering to pay, or a depositor in refusing to receive, depreciated notes, I can not state. Q. Where money ofany description is de puted in any bank, and is mingled with the funds of such bank generally, aud the bank uses it in its general transactions, is not such bank always considered liable to pay the u mutinl in legal money to the depositor? A. I should Consider the hank liable, if the deposite is received and credited as general deposite. Question by Mr. Wtbsltr. Q. By a general deposit*, you understand .a deposite to be credited as cash in account ? A. Yes. Q. By a special desosife, you understand a deposite for safekeeping merely? A. Y es ; or a deposite oo particular con ditions. Q. inhere be a deposite of an intermedi ate character between a general deposite and a deposit* for safe-keeping, where, though the particular notes deposited, may be used or pul in circulation by the bank, yet the bank is not answerable for the amount in cash ; do the rights of the parties, in such case, depend maiuly on their contract or agreement ? or is there any general bank usage which would govern the case ? /I I L.w.tu ..r .... _ mi conditions of the depositeure indicated by the terms presetibed by the hank from time to time, Which are frequently varied, by it ac cording to its sense of its own interest. Q- Is your knowledge of bank usage con fined principally to that prevailing in the banks of the Atlantic cities ; nr dues it include the usage of the Western banks ? A. It is confined wholly to the former. „ , , JAMES LLOYD. Hugh L. It lute 31 corn, at f/,e request of Mr. Edwards. Question tiy .Mr. did wards—Have you any recollect ion of the sum of forty thousand one hundred and filty-six dollars of notes on the Bmk ot Tennessee and its branches which was directed to bn transfened by the Bank of Missouri to tlie tnanch hank of Louisville and which was to be subject to the drafts of the Treasurer in favor ut the Bank of Ti n- 1 neaaeup Answer. I think it proper to state to the rotmiiittctf, that my memory of the transac tion is not entirely to be depended on, as it took place several years since, and latterly, nry mind lias been so much taken up win, other concern*, that I may not recollect cor rectly some matters relative to tin's. So well i a« I remember, it was iri the fall of 1810 tile Knoxville Burk received from Mr. Crawford a letter, the substance of which was, that he proposed to give the Bank at Knoxville a diAft mi the Bank of Missouri for the w hole amount of Ter. lessee paper then in the hands of llir Missouri Bank, and which had been received by it for the United Slate*, which should be payable at Louisville in Kentucky, in Tennes see hank paper; and that, upon the receipt of such draft, the State Bank at Knoxville ►iiivrld place to the credit of the Tieasurn «»| tbo United Slates a like sum as specie, which 1 ^ drawn fr,r „jthe Government might nave Dtfkwhm to use it, i„ that quarter of the country On the receipt of,his letter, he wav answer, d tb.„ vve coulti no, agree to .tlcl. an arrangement; ,|iaf, a, to am„l)()l „f Ten. Oes*eo paper upon the hank of the state of J ennesser and its b,ancl.es, m- were willing to accept such draft on the Mj9.„IJrj »aril{ on the terms proposed in bis letter ; ib.it, !,* to other 1 ennessee paper that did nut belong t j the State hank or its branches, wc could not agiee In receive it. In pursuance of this Hr inogement early in the year IU2l>, I think in • •larch nr April, a draft was received from the l leasuiy for do.laO doll*,* on the Bank of Missouri, payable a. the place, and in the des ettp,ions (if notes agreed upon. I think the 'mount was placed to the credit of the Trea surer of the Uni'.cd Slates, immediately after receiving the draft. We had no cmrespun deiicc. with the Bank of Missouri, but only with the Secretary of the Tieasury, so far us 1 can remember, at this time; and upon tins point 1 fc< l pretty certain I am not mistaken: Alter waiting what we supposed a reasonable time, to allow the Missouri Bank to have the Inouey at Louisville, where the draft was tu be paid, I weui, and took a young man with me, to receive the money. for fotin’s sake, the draft was transferred to me. 1 went tu Louisville, (ami no particular place in Louis villc being specified in the draft where tin money was to to? paid.) 1 amt to the Branch Bank there. I found no funds provided tu meet the draft; and after wailing a few days without being able to hear any thing which induced me to think a longer delay would be useful, i had tli« draft protested, a copy ol the piotvst forwarded to the drawer, with swell notice as would make him responsible, and returned to Knoxville. Some time after wards, I think in the same year, a letter was received from the Cashier of the United States’ Bank, stating that a bundle, said tu contain the -10,106 dollars, had bean forward ed, and lelt there l»y the Missouri Bank, for the purpose of lifting this draft; but, as we hail had the trouble ami expense of going once to receive It, we took no notice of this communication,and wished to have the mo ney sent to ns at our own place, at the expense and risque of the Missouri Bank. We were content with the paper, and ready to receive it, at any time. Thus matters stood, until wt heard that the Missouri Bank had failed. 1 advised that the Knoxville Bank should agaii send to get this money. This was in the w in ter of 18£1. As soon as they could make lilt arrangement, they sent on and received tin money at Louisviiie early in the year IBiig. ] understand that the whole amount of 540,15li was received in notes of the Knoxrille Bank and its branches. In the meanwhile, the I reasury continued to draw on the Knoxville Bank, and, as President, 1 directed the Cash ier not to pay cash for these drafts, but, ifeur rent money would be taken, to make advan ces m it, though the money was not yet recetv ed lor the draft, under a belief, that, ulti mately, the Secretary would cause the atnouul of the draft to be paid to our bank. • ;%ly imiH-cssmu vvas, that when the Missou ri Bank had received these uotes the hank* vvere all paying specie, hut that afterward’ tne. branches had ceased to do so. The. firs! information we got was Horn .Mr. Cochran Cashier of the Branch Bank of the United otates at Louisville, that the money was rea UV lur us, anu was in flie same summer, viz. ul 1820, as 1 believe, hut cannot he certain._ I never exchanged a line with the Missouri uank, nor received a line from it, accordin'* to my best recollection. I considered out transaction ouly with the Treasury The mail from St. Louis to Knoxville was at that lime tedious, and not very regular. I am yet ignorant ol the reason why the money was not ready tor us at Louisvile. ( had no reason to doubt, nor have 1 now, that the 1 reasury did ail that was reasonable towards notify mg all parties concerned «f having giv en the draft. The amount of notes on the principal Bank itself, was small in compari son to that on its branches. 1 I understood that the draft for$J0.l5C was a mode of transfer from one hank to another, for he purpose of having placed to the credit of the United States as cash or general depo *ne llm sum which the Bank of Missouri cou d not transfer to the Bank of the United States. We paid creditors of the United States who presented drafts in current bills though not in specie, and (here were no com plaints at the time, of which I have at present any recollection. VVe did not pay the specie, because the fund had not been received upon the foundation of which We had agreed to pay it ; anu if any blame is due, it is due t« myself in preference to the Cashier ; as I forbade him to pay the spede, aait related to (his transac ton, until he fund for which we had agreed to pay it should he paid to us. Question by Mr Edwards. I want to know my hand ? °f Mr* LpL’ wbo8e rePort is in A' I have seen that report. Mr. Lee is a man of the utmost integrity; and if that re I"’" var,M *rotn my statement as to this transaction, it is more to he relied on than mv own statement, which is from memory, with out the same means of being correct which Mr. Lee had. \Jt' oVaY.|,art of tbe money deposited to he buffered to remain in the Bank 5 .1. Tbe Treasury was to draw out the mo ney only as the wants of the government re quired ; something may have been said as to the time it was to remain in the bank • hut I have no recollection of any positive agreement on that subject. Mr. Crawford’s letfer shews the understanding upon that subject more ZrXY lhan 1 CaU 8ta,« memory q. What was the discount on your paper => None upon that of ||„. principal bank' hut upon that of the branches^ and other Tennessee paper, it has fluctuated from ten twenty-five per cent. q. What were notes on lhebrancl.es am,e Knoxville Banks worth at that time ? A- I cannot recollect at that particula. time. J he depreciation taken for aserieso years was fro... ten to twenty-five percent ail before Hinted, in East Tennessee ; in Wes Tennessee the discount has been some tim« higher. q Did net the pensioners receive from ter to twenty per cent, less than if they had re ceived specie ? A. The money in which they were paii was of the kind which was at the discount be fore stated. Question by .Mr. 1'aylor. At the lime tint these payments were made at the Bank o Knoxville, wasfherea credit in that bank t( the United Hi a IfS ? .‘Inswcr. V es : a >.d that credit always stool as a specie credit; but we thought that it wai more than balanced by Ihediaft unpaid ; ant "C held the Treasury responsible lor tin amount of that draft. I h AIr- ,f HsUr- ]n °,h®r ‘ransac .iilh'funO.,uP»y '« Ur.,rt »» tlr.iun f'"Ml «•»«<• "« — if desired Ifii ^r j Pa,d't m that H.:f« Sut. —*-«- •>•«" ”p. the word “cash” used? y°ur "aa Answer. I cannot remember. The intoni was to credit it as cash. A deposit,., when noihing is said to the contrary, i8 considered by us as being payable to cnsli, if demanded *> « viewed special deposit,! of Certain kind* ot notes as not binding us fo repay in thus, identical notes, but only similar notes of gor) as the depositor would be as well saligfiei with. ty. Did you receive deposifos from (hi I ri'HSiiiy in drafts on the Bank of Tombigbee . .7. i b it drstt never was ineluded in thear ran gen lent before spoken of; and nothing ha? been reeel* ed, by us, upon it; and, if it ,v«i was rred'ted, on our books, I don’t remembei I . n.at Bank is, however, a specie-paying Bank, as I have understood and bcliure. j Question by Hr. Edwards.—Was the paper 1 of Hi, 11 outs* till* 15.il.k iei fin d ht your Bank P Anstccr. We never bad m draft un the Bank wt Huntsville. Tlie paper of that Bank i is estreated rather better Ilian our own Brain'll notes; .out *ve have, until lung after this trans | art).m, made no distinction between it and •vh.it is called, by us, current Tennessee pa per. Q. Was the notice of the protest, at Louis ville, forwarded to the Treasury ? A. I do not recollect, farther than that ] took the ordinary steps to make the drawer liable, before leuvii g Louisville; and, upon my leturn, in .\]ay, wrote the letter now shewn Ole, by one of the Committee, to the Secre tary. <£ When you received the draft, did you credit the amount tn the Treasury ? A. Yes, as 1 now believe. That, I think, was our understanding of the agreement, and 1 suppose and believe we complied with dial pan of it. Question, by Mr. Webster.— Did you inform tin- Treasurer that you did no', pay his drafts in specie but in your own lulls ? A I have no recollection of making any communication to Mi. C>awtord on that sob ject. The Cashier may have g ven such no lle*— but I do not know liini lie did. I gave him no orders to do so ; and think, if he had don*- so, 1 should have known it. Question by Mr. Edwards. Do you believe that any one pensioner would have taken yoot hills, if he had supposed he could get specie ■ A. Doubtless In; would have prtTerri n specie m any of the bills in which he was paid Question by Mr. Forsyth, on /.V- part of Mr Crawford Did you hold the United Slate* responsible lor the amount of its draft uii Iht Bank of Missouri ? A Yes. . How then did you refuse to pay in spe A. We thought that, as the money for the draft had never been paid tu ns, it was a jusi interpretation of the agreement that we should not pay in any thing till we received th* proceeds of the draft ; hot preferred advanc ing in such funds as we could spare, to hav ing th** drafts protested. Question by Mr. Edwards. When you re ceived the amount of the draft, was it net chiefly in notes of your branches? A. I understood so—hut have no personal knowledge as 1 was not then in Knoxville. Q. Had not moat, nr all nf ih.ie.. then stopped payment ? «i. They had ceased cash payments when w e made the agreement—but mv impression ithat when these notes were received ip the Bank of Missouri, the Banks all paid specie.-— This answer is given, however, upon tin* pre sumption that tlie Missouri Bank had receiv ed them as they represented to the Secretary. How that fact was. I, of cuurse^do not know. Q. What means has a Director of know ing from what person a sum, say ofSM)0,000, lound m Bank, and received in a series of months, has been so received ? .4. I can only speak as to the rules of the Bank to which! have belonged. As to the tides of others, I could only speak from information. By the rules of om a, the President, Cashier, oic. can inspect all accounts of every person whatever hut n * iudivdual Director has such P 'wer: hut the Board of Directors, if lliey chuse have as much light as any of tho indi vidual officers, to examine any and all ac counts . but any information thus acquired would he confidential, and is intended to pre vent any improper conduct, and to enable the Directors and officers t<> discharge their respcc live duties, to the public, and to individuals. r.i *Wr- *'orsylti- As the President of to*' Bank, would you not have preferred ad vancing in current notes with (lie governniei:t bound to pay the draft to its having been paid punctually and your being bound to pay in specie ? J .*’[■ I would have preferred that (lie payment of the hill should have been made it h> n I was at LiOuisville, and that the transaction should hare gone on as originally intended : because we would then have been as able as we ever may be to lift our paper and as I never expect ed more from the government Ilian payment at our Bank in the same kind of money spotifi. ed m the face of the draft: hut at the same tune felt a confidence that the government would cause us to be paid in such funds at our own place—It could make hut little dif ference, as most of the pensioners were very probably paid in Branch paper, or funds equal .u ....1 have *>T>r f”li»‘ed, as Prisideut, «* the interest of the Bank was most promo ted by acting honestly. | make this ohserva ion without feeling that t^e question was in tended to doubt our integrity. H. L. WHITE. James Sanderson, of Alexandria, sworn, at die request . of Sir Edwards. f{utstion by Mr. Edwards. ] wish you to State wliat von t__ money obtained by the Mechanic*’ Bank of Alexandria, from the Secretary of the Trea sury. .Insiver. Ju January, into, f was President oT that Bank : At that time, there was a run on that Bank, and the Bank was much em barrassed. 1 waited on the Secretary oT the t reasury, and he loaned, at one time, S17, . 000 ; at another, §20,000 I shewed him a statement of the concerns of the Bank, proving Us condition to be good, and reminded him of orener loans by the Bank, to government, in an hour of its necessity. He. replied, that he , J?,“ld cr’ns"'t the President of the United I "„ Vnd l*1 me know result ; and, when « a n again, told me the government was | ‘J'"P0®ed *" do all it could to relieve the Bank, V1,11 i,B l,'e olher Banks of the District, and El*™6 a draft •»" «l>e Bank of Alexandria for V 7’°* **Jm was on or about the 12th of r i".ur,i On or about IheSSdofthe same month, I called on him again, and he gave me 1 Tinders*! IV* 11,8 8ame Bank fnr §20,000 I muli i °,M| 1 ,e>e »t»n» as loans or depositee, 1 and aid *'•- Bank. I con r sident of the Bank a few weeks, mi* n»Wf,n * !• f ^ '*• '* slopped specie pay nenf for a time, some time about the middle of March. q. Mas the Bank repaid „ny of these loans ? i v r.tTu'T* ",orninKi to look at the hooks of the Bank, and find that the amount appears to have been repaid. question by Mr. Forsyth. When did you first call on the Secretary? •Answer. It was on Friday—but as I under stood lie was much engaged, on Saturdays, in receiving visits of Members of Congress, I called again on Monday, w bon I received the §17.000. question, ly .Mr. forsyth. Were there any deposits made, by government, in that Bank, preuon»ly to those you have now spoken of? Jlnswtr. There were not, I believe, except the money which had been loaned to the go vernment previous to the time I speak of. , . JA3. SANDKRSON. I • one 9, 1K23, Jacob Morgan, of Ahxnndria, sworn, at the re ) , guest oj Mr. Edwards. I was Cashier „r Mechanics’ Bank of j Alexandria fur « ,ime „ft,.r Mr. Sanderson i le.l it. There were soma towns obtained by 1 **"• *^*van, President, Irom the Secretary of the Treasury, anti received by me. Mr. Sanderson had left if. One loan, I think, was of §10,000, another of § 20,000. The first Iwaa relumed in a short time, say 30 or 00 days, nod a few weeks after the first, the se cond loan was obtained. This latter was no* repaid, w hen I left the hank, which was, ] think, in 1821. When I catnu into the offic* of cashier, 1 found little specie, and a very Small amount of current monry, and about $ 80,000 of notes in circulation. (1 (educed - them, befoie I left, to less than $ 7000.) Til* j 'second loan, or $ 20 000, was, as 1 understand ( subsequently paid, or secured to be paid 1 through the Bank of Alexandria, hut w hen I i left the bank,the ttvu loans mentioned by Mr I Sanderson, and ihe second, mentioned by me. j| remained unpaid. This last was received ir Treasury drafts on Carolina and Virginia. 1 wcni to Raleigh, in Ninth Carolina, and ex changed Hie draft fur Virginia paper. Th* Raleigh bank then paid specie, and was will mg so to pay these drafts, but 1 did not wish to take away ihe specie. The first $ 10,000 were obtained to enable the bank to pay spe cie, but this being found insufficient, the se cond loan was obtained. The bank paid some "f its notes as it was able, and as fast as the not* s were paid, they were witlidtawn—but ninny notes Were not paid when presented.— I did understand from the Secretary of the Treasury, that the loans were obtained in or der to enable the bank to wind up its affairs._ The Secretary frequently applied to me for repayment, and being (aid by me that th* bank was unable to do it, he insisted upon interest being allowed on the loan, which wat < -agreed to by the bank. 1 do not recollect when this agreement for interest was made— nut, however, before the money had remained ^*"r M year. Nor do 1 remember from what date the interest was to be calculated.— The present statement I make from memory merely—not having had access to the books of the bank for several years Jacob Morgan. Augustine JVnclon, stcom, at the request of Mr Edwards. I was Cashier of ihe Franklin Bank, and became so in March, 1821. There is a credii on (lie books of the bank to the Treasurer m the United States, for 5 48,000. The money was obtained before I went into olEre. Mr Crawford was once at the bank while I wat Cashier, say in August, 1821, applying to have this money either paid or secured ; at which time the bank agreed to transfer to linn all its property, ns security, and that this loan was the first debt to be paid. The charter of thy bank expired on tho 1st Jan. 1822—but 1 have th* books in my possession. The discounted notes were first to be re aiyrfiiil frv »*i<! if __ a • ,«* - —, .. linuiutivill, r*! SOI t was (o be had to stock notes. A small sum, less than S 1000, has been collected. The notes are now in suit, by Air. Swan, distiict attorney. The stock notes are notes given by stockholders for stork, for the payment of which stock is pledged as security. j know of no reason for (he agreement that one dags ol notes was fit st to he sued for unless it may have been the convenience of the debtors on the stock notes. All the real piopeity was also transferred. It consisted of a few bouses taken for debts. ’ The agreement was accepted hy Mr. Craw ford, before the expiration of the charter, and sent to Mr. Swnn to have a regular convey ance drawn up. That conveyance was not consummated till after the charter had expir ed, say in October, 1822. Many of flit* notes assigned were under protest, Hint some of them in suit. Note-, including stock notes, to the amount of S 185,000. and real estate to the am .uni of g bljOU, were ottered to be transfer red, but Mr. Crawford did not at that time accept of the offer, because it did not extend to the payment of interest; but afterwards, the interest being stipulated for, the agreement was accepted, and the transfer made, in Octo ber, 1822, as I have above stated. The stock notes .ire still in my possession. They have never been endorsed to the government hy any one. If suits can be sustained, there will be ample funds to repay the loan. When I went into the office of cashier, I was under the impression that provision had been made by Congress fur continuing the charter of the* bank for live years beyond the time originally limited for its expiration. I continued under that impression for a long time, and I believe the directors were under thw same impression. 9thJune, 18.4. AUG. NEWTON. t Mr- Aeu>ton again called, (10th June.) 1 be transfer above referred to, from the bank to the United Stati.3, was made on the 3d October, 1822. The terms of the agreement were finally arranged and assented to by the parties, on the bill Dec. 1821. A. NEWTON. Charles T. Chapman, sworn, at Ihe. request oj Mr. Edwards. I was Cashier of the Union Bank of Alex andria. In June 1819, owing to the heavy pressures upon the Bank, ami considering a lUrlll IJrill inHUP DJ UU* Bank to the Government, am] believing as I then did and do now, that unless some tempo rary relief could tie obtained at the moment, a serious inconvenience would have lesulled to the institution, under such circumstances a committee was appointed to solicit from the Hon. Wm. H. Crawford. Secretary of the Treasury, a temporary aid—which he was pleased to grant, under the condition that the amount should he refunded, when demanded. The sum received from the Treasury was & 30,000, in June 1819, and having received information that it must be refunded in Janu ary 1320, a part was paid in tbe latter month, and (he balance in February of the same year; and although the funds we received from the Treasury, were not, nor could have been desirable, under any other circumstances than those above mentioned, yet, interest was paid upon the same. The money thus re ceived from the Treasury was all, I believe, paid into the office of Discount and Depositu of the Bank of the United States at Wash ington, either by deposites or drafts of the Treasurer through that Bank upon us. The solvency of the Union Bank wns, I be lieve, never questioned at any time during its •operations. C. T. CHAPMAN. June 9, 1824. Jftnus L. McKenna, sworn, at the request oj Mr. Kd Wards, I am Cashier of the Bank of Alexandria. I became so in 1811. The Bank has nevei bad a loan or an indulgence from the Treasury.— It has always bad the deposite of the gorern merit from the Collector. It ha* maJe ad vances to the government, when undrfr pres sure, and, at one. time, remonstrated tfith Mr. Crawford on the closeness with ifhich the public deposites were drawn. Tl* average amount of public money remainiitf in depot ile, in this Bank, since Sir, Cra wf/rd has been Secretary of the Treasury has Wen less, I think, than it was during tbe /tociitnbency of Mr. Gallatin, J. L- McKKNNA. June 9. 1 had an ngenry in obtaining one of the loans madu by Mr. Craw/ord, to the Me< ha nics’ Bank of Akxamliii* when that Bank was in difficulty. I accompanied Mr. San derson, in his visit to tke Secretary, when he obtained the second lorfn, and represented th< injurious consequence of permitting that Bank to fail. I redeemed, repeatedly, the notes ot that Bank out of Hie hands af brokers and others. Mr. Cranford seemed dissatisfied at *v^s thu second application so soon after the loan o( £17,000. lie applied to me for iny opinion of the solvency of the Bank, and whether the loan would enable it to redeem its paper.— I repi esenled the circumstances of the Bauk as br ing safe,(to the extent of its debts, but that its Stockholders might lose,) though 1 doubted the sufficiency of the loan to enable it to redeem its paper. I represented the permitting the Mechanics’ Bank to fail, as be ing calculated In injure, and the granting of the loan to benefit, materially, the commercial interests of Alexandria, and Mr. Crawford ac quiesced io the tr ishes of Mr. Sanderson, and made the loan in drafts on some of the East era Banks, in Bums of 2,3, and 4,000 dollars each. Question by Mr. Edwards. When a gene ral deposit* is made in your Bank, without any thing being said oil either side, is the amount demandable in cash ? dnswtr. Always—except wlieu plate, or notes of distant Banks are left for safe-keeping, to be delivered to order. J. l. McKenna. William Rhodes, sworn, at the retiucsl of Mr. Edwards. I was Cashier of the F'ranklin Bank of Alex andria, from May, 1810, to June, 1819 ; when I left thut hank it was indebted to the Unit ed States, | think in the sum uf £48 000 I eannut certainly tell when it became ’indebt ed, but believe it was in 1818 nr 1319. ft be came indebted, as I understood, in conse quence of an application by our Directors to the Secretary of the Treasury f„r a loan : there were, 1 believe, three such applications : at the first we received £18,000, the second , £18.000, and at the third £12,000; (lie ico > ney was advanced to the hank to relieve it from its embarrassments. I feel very certain as to the uggregate amount of 4B,000’ but am not so sure as to the amount of the different , sums obtained at each application, nor res pecting the time when they were obtained.— My impression is, that the loans were all ob tained within the course of about six months J cannot s'ate whether interest was or was not to be allowed upon them. I have no far ther knowledge of the transaction than that I received the warrants from tile Tieasary, and passed the amount to the credit of the United ,ra* * ,,,MV recollect thiil 1 was, in one in stance, requested l»y t|n. Directors to write a letter to the Secretary, requesting a deposit* in our bank, which I did accordingly, but I do not remembci ut what time, nor whether it was before or alter the first loan. f„ W,\1. RHODES. [ To be continued. J - "ga -aran _ New York. Jane 26.—The B.itish frigate Pyrainus, Capt. Newcumb, ariived at the (iuaraiihne Ground yesterday, from Jamaica, and 12 days hum Havana. On coming to an chor, the frigate fired a salute. R j3 S(1jj the amount uf specie ou board to belauded here, is about g 300,000. Israel Corse, and Thomas Freeborn, Esqs. of this cilv, have been elected Directors of the Bank of Washington and Warren. We have received by the Columbia, a Dominica paper of the 2d i„st. A., aniva, at Barba does, on tbe 2Cth ult. from Cape C*>ast, had brnuglit a confirmation uf the total defeat nf Sir Charles McCarthy, with the troops and colonists under his command. A Mr. Williams, ,s said to he the only survivor, who made his escape in almost a miraculous manner. ^ [Mtr. Adv. SOUTH AMERICA. Newburtfort, June 22. Extract of a letter fioin Capt. Win Wheel wright, late'.if this town, (of. he House of K». belts and Wheelwright, Guayaquil.) dated . “ Guayaquil,-March 18, 1324. Th* w ,h'' bauds of the Spaniards. They entered the city, 3000 strong, on the *5th ult.: the handful of Patriot soldiers re t.ealed before them. All was quiet ; foreign property was respected, and „„ tice9M?" commuted. What w til be the event of these tilings it is impossible to say. The Spanish army is formidable-but it Bolivar lias time to Ret histroopslrom Venezuela, he will be suc cessful-hut should lb- Spanish army press ha id upon him, before the reinforcement ar rives, he will be compelled to retreat. Lima is now blockaded by Admiral Guire. Business Wi|| be entirely suspended so long as tbe Spaniards have tbe command on shore Many vny.,ges will be .destroyed in conse quence, as there is no other market of impor tance on the coast for the consumption of pro v'sions. The English properly existing in Lima, when the Spaniards entered, exceeded in amount 600.000 dollars. On all goods ex isting, paid 40 per cent duty—and adding 20 Per cent. o»irl in ii... r>>• B ' • .i • ' .. wwwriiunBm, gne the amount of 60 per cent. duty. This however, was no more than the British mer chants anticipated : no doubt the value of the Lima ”V'11 i"Creash io the like proportion in C’apt. W. on his journey from Lima to Cal ao was attacked by fourteen or fifteen robbers, who wounded and robbed him—but some of ficers coming up, providentially rescued him irom the hands of (lie assassins. Extract of a letter from Buenot Ayres, April 5. “ We have a new Governor here, Gen. Los Hmias, a brave and faithful soldier, and a worthy man. i t, ne'v* from Lima i9 bad; but by a letter transmitted to me fr.in young Mr. I RKVOST, it appears not to be so unfavorable as at first represented. Bolivar is still at rruxillo, with near Id,000 men. The royal 2?nnn“.rr B*"? *°me to amount to about 10 000 TI B,pbyLrhe,8-,° not more lhan 10,000. I he Franklin sailed io great haste, on receiving the nt.WSf froin Valparaiso for ChUho, he seaport of Lima. 1 have great con fidence m Bolivar. ° “ I congratulate you on the glorious result <>f your election for Governor. J never doubt ed the success of Mr. SliULZK ; but his trium phant majority has exceeded my no.st .an guine expectations.”^ [Frank. Gat. BATTLE WITH PIRATES. Laptaui Cotton of the sclir. Thetis, from , ’ oast of Cuba, reports that while lying at ivlanznnilla, „n the Oth «f May, the super Cargo got intelligence that the vessel would be attacked by three piratical bouts, ami made preparations for defence accordingly, by lo»d "'g' 'Hgons, &tc. and obtaining the assistance o 4 soldiers ftnin the Commandant. At past It, at mgiit, (be boats were discern ed approaching, when all hands were called to quarters. When within hearing, the super cargo hailed them three timet, l»ut received no answer, and they continued to approach ine 1 Delis, with their oars muffled. With a glass, 1- men could be discovered in each boat. When within pistol stmt, the boat were hailed again, but made no reply. The supercargo tW.-n filed a pislol in the air— w hen the boats instantly commenced a dischartfe of musketry at the T,Their fire wf, warmly returned, and a discharge from both sides w v* kept up for .vh,„ ,h. THt-ii. g.,l h„ i upon them, and lliey began tu haul oti r,,.. ., ,, land. On the following morning, three \v% found dead on the bearh, and fitt dreadfulV, wounded, were taken during the day, and re mained in prison when the Thetis sailed. On (lie 14th, one of the canoes in which the pirntfes made the uUack, was found on the Keys, al most turn to pieces, with four dead bodies in it. They were all recognized by the in habitants. • Generar Land Ofeice, t • ' June 24, 1824. C Sin: The President is of opinion on full consideration of the subject, that great irregu larities have prevailed in the discharge of your duties as Surveyor of the Public Lands in Missouri, Illinois, and Arkansas. As, however precedents may have, in some instances, led* you into error, and your character thiough life has been fair, he is disposed to*view your conduct in the most favorable light that cir cumstances will permit. He, nevertheless thinks, wiih a view to introduce order intuthn administration of the Surveying Department and a strict adherence tu the injunctions of the law, in all respects,that the office should he placed in oilier hands ; and, in consequence I am instructed hy him to inform you that your commission is revoked. I am, very respectfully, sir, your obedient servant, GEO. GRAHAM. Gen. \\m. Rector. - « - • Washington, June iS.-William Metier, late a colonel m the army of the U. States has licen appointed by the President of the United States, to be Surveyor-General of Missouri, Illinois and Aikansas, vice William factor. William Trimble has been appointed hy the President of the United States, io be a Judge fur the territory of Aikausaa,Vice Joseph SH uen, deceased. Maj. Gen. Scott, commanding the West ern Military District, armed at this city on V'2ay .KVe,ninS‘ He is direct from, the Falls or St. Anthony, we understand, tlie iift.st re mote post on a tour of inspection which lie bus recently performed. fjVi,/ hit A story was fabricated last year in‘some one of the picaroon prints, and it went the re gular rounds of all of them, that Mr. Craw KntiD had, on some occasion, remarked to Mr. Daggett, a Senator from Connecticut that ** u was high time that party distinctions had ceased. \\ e were furnished, during the period of its circulation, with the means of re futing ibis story, but we thought it unworthy of serious notice ; and in due lime it died away, and was forgotten hy us. Rut the r lankliii Gazette ol Philadelphia, thinking it too good to be lost, and that as it passed un contindicted last summer, it might be “ got up ’ again w ill) advantage, has brought it out amongst Hie other entertainment* of the bea son, with •*new sceneiy ami decuiulions.”_ vve cannot, howevei, with Hie exercise of all our good temper, and clmiiiy f„r the worthy managers of the Electioneering Drama, allow , cuunterteit tale to pass current again: and we must therefore-* itliout meaning to express any opinion as to the merits oMhe im puted sejoumwit, whether it were expressed yii- Gin. Jackson,or auy other pohlic man-say, that we have the authority of Mr. Daggett himself for asserting that lira statement is false. r >r MR. CRAWFORD’S HEALTH. 31 r. Crawford rode out on Saturday last. His healih is rapidly improving. The President lelt Washington on Saturday on a visit, fora few days,to his farm in Virgi nia. ® Edmund C. Genet, formerly minister of r ranee, is among the applicanls for the bene* fit ol the Jsew-Yoik Insolvent act. , [tv. City Gaz. Electoral Candidates in Alabama. Huntsv.uk June 11-At a recent meeting of the friends of General Jackson in Franklin county Maj. If m. Russtll was nominated as a suitable candidate for Elector of President and Vice President—and Maj. Isaac I fill bourn, jr. and Gen. John Cojfte were some tune since nominated at a public meeting in Hczi Igreeo. It would hence appear that there are already m».* candidates in this stale pledged to the support of Gen. Jackson, to wit : I he. three above named, Enoch Parsons, tF*? Bh*"*’ l '1"** Hill Henry Chambers \ d.iam I- leming. and on* in Cnneauh,County, * hose name we do no! recollect. r.^ur ?lr' Vr,,irf°rd- recommended in tht | ahawha and Montgomery papers—Henry Hichcork Thmnas Phillips, James Mayes, Bolling Hall, 1 liumas G. Percy, and For Mr Clay- Jam* s W Johnson. tor Mr. Adams-John Gauze and Lemuel At a annual Convention of the Protestant Episcopal Church, held at Baltimore in the last week, the following resolution, moved by the Kev. 1*1 r.Hawley, was unanimously agreed to: Resolved, That it be recommended to the different Congregations of the Protestant E piscopal Churches in this Diocess, to take i p collections, on Sunday, the 4th of Julv nr*.', for the benefit of the American Colonization Society. A similar course, we observe, is propos' d in the Cburrhesin Virginia and North Caroli na and we hope to see it generally imitated wherever the objects and views of that Socie ty are properly appreciated. \Hall. Pal. Indiana.—Meetings have recently been held in the following counties in this state, at all of Which Henry Clay has bon Dominated tor the I residency, in some cases by it unanimous vote, viz; 8hell»y, Franklin, Ripley* Marion, Jefferson, Switzerland, Clark, and Jennings.. If ever the vote of Indiana was doubtful, it is no longer so. [ Western HeratJ. THOMAS H. BRADLEY, TAII.OR, r» KTUllfcS bis nm*t pritrful think' for lb.- unprece dented piironnge conferred on him *ince hi. com mencement of bu.lie*. |„ iht. city, lie beg, ,0 inform l.l.cu.lomer. and Ibe public genenlly, thil the bii.lnwe mJ^ oV5!nv*oC",,«"f"*<l um|Pr "'p f,rm of HHAPLKV, McCREhHYlLUo. Brin* nnxiou* to rxirnri I lit btn)nr««, Pm.r n;o.l ,0 n,"ierlal«, wo,kmin,biP. srrt tW n ’ PfPP0*** oauend io ibe mernntlle pin In ihe Norlbern Hun, and ocenilonnlly In K.irope .while Ihe If Wm VcCPrre« rl! '’-P n,,dpr ,bp >"Pprk.teid.nce ol W m. nleCrcery (bis Inie foremnn.) call nnd m lTihT 'ni.rrer.ri nre re.pectfully Intlled lo Jereive lie 1 ('be firm I* uiilhnrlied lo *" b-p*-« «««*»• pi— P'« ~^V l:_if BRADLEY, McCREF.RY k Co. T>K« iMlem'l'*’/?’ M'rr,rs Tailor,, |> n< brunch" ln ni1? piddle ihnt their bn.ln*", in all ”, Vl nr "l,« ’ W '»■ rnndueied .1 ,he old ,l,nd of Tide ■ 'Tomnleie'li^ i »b*Wthee will ronilanlly keep in bind "hnre,P w1,V.‘"r'nlrn‘ nf 000f'" I" their line, ind their niftirriitU 4 OW V nny oli,fr ii'iftf Ihe nn erill of n W"rhm"n> ,'P; They bier n ill l?me. everf »n" IVl iI. I flm*t"illly for Lillie*’ Oriiirnenlnl llil.il* "InMlie^be N Mr "C’1 Uniform*, fce. They be* j w-in.Vno . p"b,lc *hel no exertion* oa their pari .bill hi i wini.ng lo g,ve genenl satl.faeiion, —lUlLi._____ ip—tf notice! supply of HOOP lUiiwi aui for flour barrel*, lor which ibe bighe.i pric« " ill lir in cn*»» <m their tlfiiwrv. * r I"1'*"1- a—UJy-if TIIi'MAH NRLHflN. P. A P. ( >•’ Ww'lf'diy ibe 2nd Amy otJwmt neil.el one . , .e r«o i ',*7 r,,,lp ,l,p b‘Rbe«i binder,on «credit -I- .T'. ^ i .‘I '?'■ Id-fore Il,e frr.n, door of Ibe Ki glp Hotel In lie rliy 0f Kickmoi.fi, ibe following pi open/ ; lu,,■ ri,v- «" impwted tenement i Pi ■*' " a-rrot. neeunled by Ylr. fnrbe*, onn ^rrrP*ne’Coffee Route f it ln>|..<.ved lot fronting 100 feel nil |. ,irrel. In »te renr .gibe in!) : an lui l’l°vr'1 . °Vl" 1 ,p **• "WbUoued street*, No «39, formerly n w i.i.i,#n’iM Underwood ind In the neighborhood of 1 W’.. ff.. : *|*o eleven hnlf icre loti, himUomelT *iu»it o> ^'"''on. «Pd known b* the number* .*J, 71, ,aV . ' Tf,—71*, ao. 100. Orwmil eeenrity end • deed of trust on tba property will be reouired of the pur John tfHKLTop. „ VRKl). IlAHRI8,Kx «r i \}ny.?i . of John L. Hirri* dee. I o.f-r. , p "l'0»p Mtc i* postponed till Wednetdiy Ibe 25il» 1 ler Ao*»'* next, If f»fr, ir not, the next fair diy Jnwc 1. 8—wt<»