Phenix gazette. [volume], December 09, 1833, Image 2

About Phenix gazette. [volume] (Alexandria [D.C.]) 1825-1833

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A LEX A A »RI A_ GAZETTE.
PUBLISHED A D SUITED • *
EDGAR SNOWDEN,
FAIRFAX ST., OPPOSITE THE POST OFFICE.
TKRUS.—Daily Psper $8 oer annum, payable half
yearly. Country P«~»cr 88 P*r annum. Advertise
mem* inserted at the rate of one dollar for the first
three insertions, and twenty five cents for every sub
sequent insertion. _ __.
* REPORT
Uf the Secretary of the Treasury on the remotwf
of the Public Deposites from the Bank of the
United States—made to both houses of Con
gress, December 4th, 1833.
["•CONTINUED. J
The situation of the mercantile clasaes, also,
rendered the usual aids of the Bank more than
evpr necessary to sustain them in their business.
The:r bunds for previous importations were, at
before stated, constantly becoming due, and hea
vy cash duties were almost daily to be paid. I he
demands of the public upon those engaged in
commerce, were consequently unusually large,
and they had a just claim to the most liberal in
dulgence from the fiscal agent of the Govern
ment, which had for so many years been reaping
harvests of profits from the deposites of the pub
lic money. But the Bank about this time chang
ed its course. . ,
By the monthly statement of the Bank dated
2d August, 1833, it appears that its loans and
domestic bills of exchange, purchased and on
hand, amounted to g64, l60,o49 14
Bv the monthly statement of the
2d September, 1833, they ap
pear to have been G2,653,ti59 59
Bv that of the 2d October, 1835,
r.n noa ono o«
tney wcic -
Reduction in two months, 4,006,146 21
By (he same papers, it appears
that the public deposited, in
cluding those for the redemp
tion of the public debt, the
Treasurer’s, and those of the
public officers, were, in August 7,599.931 47
in September 9.182,173 18
in October 9,868,435 58
Increase of the public deposiies
in two months 2,268,504 11
Total amoun* collected from the
community 6,334,650 32
Thus, upwards of six millions of dollars were
withdrawn from the business of the country by
the Bank of the United States, in the course of
two months. This of itself must have produced
a pressure on the money market, affecting all
commert ial transactions. But the curtailment
in the Bank accommodation of the community,
was much larger. The policy adopted by the
Bank of the United States compelled the State
Banks to take the same course, tn self defence,
and the Bank of the United States appears to
have resorted to the expedient of dtawing from
the State Banks the balances flue, in specie, and
to have hoarded up the article in i*s own vaults.
In August, 1883, that Bank had in specie
810.023,677 38
• In September 10.20< ,649 20
In October 10,663.441 51
Showing an increase of specie in
two months of 639,764 13
This sum it is believed was chiefly drawn from
the State Banks. Tn fortify themselves, those
Banks were compelled to call on their debtors
and curtail their accommodations; and so large a
proportion of these calls aie always paid in their
own notes that, to obtain 8100,000 in specie,'
thev are probably obligad to call for four or five
times that amount To replace the specie taken
from them by the Bmk of the United States and
to provide for their.own safety, the State Banks,
therefore, must have curtailed from two to three
millions of dollars. Oil the whole, it is a fair es
timate. that the collections from the community,
during those two months, without any correspond
ing return, did not fall much short of nine mil
lions of dollars. As might have been expected,
complaints of a pressure upon the money market
weie neaid from every quarter The balances
due from the State Bank* had. during the same
. tune, increased from 8368,969 98 to 2,288,573
19, and from the uncertain policy of the Bank, it
wa* apprehended they might suddenly be called
tor in specie The State Banks, so far from being
able to relieve the community, found themselves
under the necessity of providing for their own
safety—
A*very large proportion of the collections of
the Bank in August and September, were in Phi
ladelphia, rsew l ork amJ Boston.
In \.jgu*t and September the curtailment* in
Psiladrlphia. was 8195.548 69
loci ease ol public deposites 646.846 80
Actual collections by the Rank, 842,395 49
Increase of public deposites in
New York 1,396,597 24
Deduct increase of loans 331,295 38
Actual collections by the Bank 1,065,501 86
Curtailment in Bos
ton was 8717,264 45
Increase of public
deposites 48.069 83
Actual collections by the Bank - 765,334 33 j
' i
Total collections in the three cities 2,^3,031 68 .
It will be perceived, that it »»» solely through ;
the increase of the public deposites, that the ;
Bank raised balances against the State Banks in 1
New York, and was placed in a situation to take
from (hem, at its pleasure, large sums in specie.
And when it is considered, that those curtail-1
meota and collections of the Bank of the United 1
State* necessarily compelled the State Banks to
curtail also, we shall be at no loss to perceive the ;
casse of the pressure, which eiisted in tha com
mercial cities about the end of the month of Sep
tember. It was impossible that the commercial
community could have sustained itself much;
longer, under such a police. In tbe two suc
ceeding months tbe collections of tho Jkuk
would probably have exceeded five millions more,
and the State Banks would have been obliged to
curtail in an equal sum. The reduction of Bank
accommodations, to the amount of nineteen mil
lions of dollars, in four months, must have almost;
pat an end to trade; and before the first of Oc- ,
tuber, this pressure in the principal commercial |
cities, had become so intense, that it could not
have been endured much longer, without the
most serious embarrassments. It was then daily '
increasing, and from the best information that j
have been able to obtain. I am persuaded, ha
if the public moneys received for revenusi had ,
continued to be deposited in the Bank of the U.
States, for two months longer, and it had adhered
to the oppressive system of policy which it pur
sued during the two preceding months, a wide
spread scene of bankruptcy and ruin must have
followed. There was no alternative, for the
Treai»urv Department, but to act at. once, or
abandon” the object altogether. Duties of the
highest character, would not permit the latter
course, and I did not hesitate promptly to resort
to the former.
I have stated the condition of the mercantile
classes at the time of the removal, to explain whv
it was impossible to postpone it even for a short
period Under other circumstances, I should
have been disposed to direct the removal to take
effect at a distant day, so as to give Congress an
opportunity of prescribing, in the mean time, the
places of deposite, and of regulating the securi
ties proper to be taken. It is true, that the pow
er given to the Secretary ol the treasury to re
move the deposnes from the Bank ol the United
States, necessarily carries with it the right to se
lect the places where they shall afterwards be j
made. The power of removal cannot be exerci
sed. without placing them elsewhere: and the
right to select is therefore contained in the right
to remove It is also true, that in my judgment,
as has been already stated, the public interest
would have been advanced, if the change had ta
ken place at an earlier period. Yet as a few
months would in ordinary times have made no ve
ry serious difference, and the removal had alrea
riy been delayed until the meeting of Congress
nnnrnachiiiv. I should have preferred execu
(in<r the measure, in a manner ihat would have
enabled the Legislature to act on the subject, in
advance of the actual removal, if I had deemed
it proper to do ao. But the conduct o! the Bank
left me no choice, except between the immediate
removal, and its final relinquishment. For il the
measure had then been suspended, to be resumed
ai a future time, it was in the power ol the Bank
to produce the same evil whenever it was again
attempted. Putting aside, therefore, From the
view of the subject which lam now presenting,
all the inducements which grew out of the miscon
duct of the Bank, and regarding only ils approach
ing end, and the intensity of the pressure it was
then producing, no further delay was admissible.
The facts and reasons above stated, appear to
have established the following propositions:
- 1st. It was the duty of this department, not to
act upon the assumption, that the Legislative
power would hereafter change the law', in relation
to the Bank of the United States; and it was
bound to regulate its conduct upon the principle
Ihat the existence of this corporation would ter
mmatc on the 3d of March, 1836
id. The public interest required that the tie
posites of public money, should not continue to
be made in the Batik of the United States, until
the close of Its existence; but should be transfer
red to some other place, at some period prior to
that time.
3d. The power of removal being reserved ex
clusively to the Secretary of the 1 reasury, by the
terms of the charter, his'action was necessary in
oider to effect if, and the deposits could not,
according to the agieement made by Congress
with the stockholder*, have been removed by the
Legislative branch of the Government, until the
charter to the Bank was at an .end.
4th The near approach of the time when the
charter would expire, as well as the condition of
the mercantile community, produced by the con
ductof the Bank, rendered the removal indis
pensable, at the time it was begun; and it could
not have been postponed to a later day, without
injury to the country.
Acting on these principles l should have felt
mvself bound to follow the course 1 have pursu
ed* in relation to the deposites, without any refer
ence to the misconduct of the Bank. But there
are other reasons for the removal, growing out of
the manner in which the affairs of the Bank have
been managed, and its money applied, which
would have made it my duly to withdraw the d«
posites, at any period of the charter.
It will, I presume, be admitted, on all hands,
that the Bank was incorporated, in order to ere- j
ate an useful and convenient public agent, to as
sist the Government in ils fiscal operations The
act of incorporation was not designed merely ns
an act of favor to the stockholders, nor were ex
clusive privilege* given to them for the purpose
of enabling them to attain political power, or to
amass wealth at the expense of the people ot the
United States. The motive for establi*uing this
[ vast monopoly, was the hope that it would con
' duce to the public good. It was creat-d to be
1 the agent of the public, to be employed for the
benefit of the people, and the peculiar privileges
and means of private emolument given to it, by
the act of incorporation, were intended as rewards
for the services it was expected to perform It
was never supposed that its ow n separate interests
would be voluntarily brought into collision with •
those of the public. And still less,.was it antici- '
pated, that it would seek by its money to obtain
political power, and control the* action of the
Government, either by the favors it can shower, j
or the fear of its resentment Its duty was aim- |
ply that of an agent, bound to render certain ser
vices to its principal, in consideration of the ad
vantages granted to it. And like every other
public agent or officer, its own separate interests
were subordinate to its duty to the public. It
was bound to consult the general good, rather
than its private emolument, if they should hap
pen to come into conflict with one another. If
therefore it sought to obtain political power, or
to increase its gains, by means which would pro
bably bring distress on the community, it viola
ted its duty, and perverted to the public injury,
the powers which were given to be used for the 1
public good. And in such an event, it was the 1
duty of the public servants, to whom the trust
was reserved, to dismiss it, so far aa might law- 1
fully be done, from the agency it had thus a* 1
bused I
Regarding the Baok, therefore, as the agent of ; <
the LJuited States, and bound by the duties, and 1
liable to the obligation! which ordinarily belong <
to the relation of principal and agent, except
where the charter has otherwise directed. - I pr*
:eed to state the circumstances. wh,ch!h°w
it had justly forfeited the confidence »f the Gov
Prnment, and that it ought not to have been fur
thrr trusted as the depository of pub ic n»«'nej.
Ttie United States, by the chatter, reserved
the right ol appointing five Director* of the Bank.
It was intended by this means, not, m\j to pro
vide guardians for the interests of the p»bl c, in
the general administration of its affairs, but also
to have faithful officers, whose situation would
enable them to become intimately acquainted with
all the transactions of the institution, and whose
duty it would be, to apprise the proper aut ori
ties of any misconduct, on the part of the corpo
ration, likely to affect the public interest, lhe
fourth fundamental article of the Constitution of
the corporation declares, that not le»s than seven
Directors shall constitute a Board for th# trans
action of business. At these meetings of the
Board, the Directors on the part of the United
States had, of course, a right to be preaeut. an ,
consequently, if the business of the corporation
had been transacted in the manner which the law
requires, there was abundant security that no
thing could be done, injuriously aftecting the in
terests of the people, without being immediately
communicated to the public servants, who were
authorized to apply the remedy. And if the
corporation has so arranged ns concerns, as to
conceal from the public Directors some Ol Its most
important operations, und has thereby destroyed
the safeguards which were designed to secure the
interests of the United States, it would seem to
be very clear, that it has forfeited its claim to
confidence, and is no longer worthy of trust. In
the ordinary concerns of life, among individuals
no prudent man would continue to place his funds
in the hands of an agent, after he discovered, that
he was studiously concealing from him the man
ner in which they were employed. The public
money ought not to be guarded with less vigilance
than that of an individual. And measures of
concealment, on the part of this corporation, are
not only contrary to the duties of its agency, but
are also indirect violation of the law^ to which
it owes its corporate existence. nnu me
misconduct, which, in the case of private indivi
duals, would induce a prudent man t<> dismiss an
agent from his employment, would require a si
nfilar course towards the fiscal a»ent of the Go
vernment, bv the officer to whom the law ha* en
trusted the supervision of its condact, and given
the power of removal.
Tried by these principles, it will be found that
the conduct of the Bank made it the duty of the
Secretary of the Treasury to withdraw, frum its
care the public funds.
1st. Instead of a Board constituted of at least
seven Dirrectors, according to the charter, at
which those appointed by the United States have
a right to be present, many of the most import
ant 7oonev transactions of the Bank have been,
and still are placed under the control of a com
mittee denominated the Kxchange Committee, of
which no one of the public Directors, has been
allowed to be a member since the commencement
of the present year This committee is not even
elected by the Board, and the public Directors
have no voice in their appointment. They are
chosen by the Piesidentof the Bank; and the bu
siness of the institution which ought to be decid
ed on by the Board of Directors, is in many in
stances, transacted by this committee, and no
one has a right to be-present at their proceedings
but the President and those whom he shall please
to name as members of this committee. I iius
loans are made, unknown at the time to a majo
rity of the Board, and paper discounted which
might probably be rejected at a regular meeting
of the Directors, the most important operations
of the Bank are sometimes resolved on, and exe
cuted by this committee; and its measures are,
it appears, designedly, ami by regular system,
so arranged as to conceal from the officers of the
Government, transaction*, in which, the public
interests are deeply involved. And this lact
alone furnishes evidence too strong to be resisted, j
that the concealment of certain important opera
tions of the corporation, from the officers of the j
Government, is one of the objects intended to be J
accomplished by means of this committee. The '
plain words of the charter are violated, in order |
to deprive the people of the United Slates of one
of the principal securities, which the law had t
piovided to guard their interests, and to render
more safe, the public money entrusted to the care
ol the Bank. Would any individual of ordinary
discretion, continue his money in the hands of j
an agent who had violated his instructions for
the purpose of hiding from him the manner in
which he was conducting the business confided
to his charge? Would he continue his property
in his hands when he had not only asceitaincd
that concealment hail been practised towards
him, but when the agent avowed his delermina
tiun to continue in the same course, and to with
hold from him. as far as he could, all knowledge
of the manner hi which lie was employing his
funds? If an individual would not be expected
to continue his confidence, under such ctrcuip
.. * J a mti 111 •» (I i fl’ii ron f
“r*.. r -1— — !
line of conduct be required from the officers of
the United States charged with the care of the I
public interests? The public money is surely
entitled to the same care and protection, as that
of an individual, and if theTatter would be bound
in justice to himself, to withdraw his money from
the hands of an agent, thus regardless of his du
ty, the s.ime piinciple requires that the money of
the United States should, under the like circum
stances, be withdrawn from the hands of their fis
cal agent. And as the power of withdrawal was
confided to the Secretary of the Treasury, it was
his duty to remove it on this ground alone, if no
other cause of complaint had existed against the
Bank.
The conduct of the Bank, in relation to the three
per cent. Stock of the U. States, is a memorable in*
stance of theabuses to which it is incident.The cir
cumstances at tendingthat transaction have been so
fully laid before Congress and the public, that
it is useless to repeat them here It was a case
in which this committee not only managed in
secret a monied transaction of vast amount, in
timately connected with the interests of the peo
ple of this country, but one where the measures
if the Government were thwarted by the Bank,
rod the nation compelled to continue fora time,
iable for a debt, which it was ready and desired
;o extinguish. Nor is this the only measure of
he kind which has come officially to my know
edge. I have the honor to present herewith a
eport made by three of the public Directors to
he President'of the United States on the 22d |
•f April, 1833, (marked A.) in which, in com- g
iliaoce with hit request that they would comma,
itcate to him sucn infomation as was within
heir personal knowledge relative to these unu
„al proceedings of the Board ol Erectors, they
I otiose the exceptionable manner ini "h'ch ‘he
,ower conterred by law on the Board has been
turrendered to the Eschange Commt ee; that
this has been done evidently with the design ol
preventing a proper and contemplated examma
lion into the accounts of persons whose paper
was offered for discount: that a niinotiry ol the
Board apparently suffuient to have prevented
the loan, if the security was bad, were deprived ;
of their votes upon the question; and that t >e
I on established bye laws of the institution were
set'aside for the purpose of carrying these de* ‘
signs into t fleet with less difficulty or embar-|
rassment. . . .
If | roceedings like this ore sanctioned bv t'-e
constituted authorities of the United S aivs.
appointment of Directors on their part is u. id e
ceremunv. and nftVrds no safeguard to the pJ"(
lie treasure, in the custody of the Bank Am
even legislative enactments, in relation to th»>
corporation, are of but little value, if H tiuv.
at its pleasure, disregard one ol the fundamental
articles of its constitution, and transfer to a
secret committee, the business which by law,
ounht to be transacted by the Board It is scarce
|y necessarv in presenting this document to the
consideiatian of Congiess, to notice an objec
tion, which has been sometimes put forward
against the publication of any proceedings winch
relate to the accounts of private individuals —
The circumstances derailed, aie the regular and
official transtions of the Board of Directors, nor
do they involve the private debtor and credit
account of persons dealing with the Bank, which
is alone included in the distinction taken by the
charter in regard to private accounts. If the
argument thus brought forward were a sound
one, there could be no such thing as an examma
tlon of my value into the conduct of the Bank.
Because the business of the Bank being "ith
individuals, its misconduct could never be shown
without biinging before the public the individu
al transaction in which the conduct of the Bank
a II_I. .. _wl llw,
was impeacneu. n«u u ihuui» h—
position, that such proceedings are never to be
exposed to the public, because individual's are
concerned in them, it would effectually shut out
all u»«fd examination, and be enabled to apply
its money to the most improper purposes, with
out dfiection or exposure. When its conduct
is impeached, on the ground that it has used its
great money power to obtain political influence,
the investigation of the charge is in its very na
ture, an inquiry into its transactions with indi
viduals. And" although the accounts brought
forward on such occasions may be the accounts
of individ' a s, yet they are also the accounts of
the Bank, and show its conduct. Aod being the
fiscal agent of the Government, with such im
mense power to be exercised, for good or for evil,
the public safety require*, that all of its pro
ceedings should be open to the strictest and most
rigorous scrutiny Its charter may be forfeited
by its misconduct, and w ould be justly forfeit
ed, if it sought to obtain political influence in »he
affairs of the nation. And yet such attempts
on the part of the Bank, can never be proved
except by the examination and disclosure of its
dealings with individuals.
2d It is not merely by its concealments that
the Bank has proved itself regardless ot the du
ties of its agency. Its own interests will be
found to be its ruling principle—and the just
claims of the public lobe treated with but little
regard when they have come into collision with
the interests of the corporation. This was but
too plainly the case in the affair of the three per
cents above mentioned. A recent instance
proves its rule of action is not changed in that
respect. And the failure of the French Govprn- (
ment to pay the bill drawn for the instalment
due by the treaty, has been made the occa
sion of endeavoring to obtain from the public,
the sum of 8158.84* 77, to which no principle j
of justice appears to entitle it. 1 he money for
which the bill was sold remained in the Bank.—
The expenses it incurred were of small amount,
and these the Government are willing to pay.—
But the corporation, not content with the profits
it was deriving from the millions of public mo
ney then in its vaults, and which it was daily
using in its discounts, endeavors to convert the
public disappointment into a gainful transaction
for itself, and demands the large sum above
mentioned, without pretending that it sustained
any loss or inconvenience, commensurate with
the amount it seeks to obtain from the Govern
ment. The fiscal agent of the public, attempts
to avail itself ol the unexpected disapponment !
of the principal, for the purpose of enhancing '
its own profit* at the expense u!*the community.
3d There i* sufficient evidence to ptove that
the Bank has used its means with a view to ob
lain political power, *and thereby secure the re
newal of its charter.
The documents which have been heretofore
laid before Congress, and arc now on its file*,
Lhe aggregate debt due to the Bank, was 842,
402,303 24, and that on the 31st of December,
1831, it was 8G3.026.452 93, being an extention
:>f its loans in a single year of twenty millions of
dollars, and an increase of nearly fifty per cent,
on its previous accommodations
Ami, as if to leave us no room to doubt as to
the motive of this extraordinary conduct, it con
tinued to add rapidly to its loans, and on the 1st
)f May, 1832, while its petition for the renewal
jf its charter was yet pending before Congress,
they amounted to 870.428.070 72, being an in
rrease of 87,401,617 79, in the four preceding
nonths, and making, altogether, an addition of
528,025.766 48, in the short space of sixteen
nonths, and being an extension of more than 66
>er ct on its previous loans. Such an increase,
it such a period of its rharter, is without exam
ile in the history of Banking institutions. On
he 31st of December, 1830, when its loans
imounted, as above stated, to only 842,402,304
14, the corporation had been in existence four
een years. The sudden and great increase was
nade when the rharter was drawing to a dose,
md when it had but little more than four years
u run. It cannot be supposed that these im
oens^ loans were made, from a confident expcc
ation that the charter would be renewed. Oo
he contrary, it is now an historical fact, that the
Sank itself deemed the chonces of renewal so (
Inubtfol, that, in the session of Congress begin- ,
ting in December, 1881, it petitioned for a re- <
barter, and the reason generally assigned for
(resting for a decision, at that time, was the
reat extent of its business; and the necessity of (
» I
preparing to bring it to a close, if the charter *i4
not to be renewed. Thus, with but little mori
than four years to run, with doubtful chanceUf
renewal, and aware of the necessity of beginnm*
to arrange its vast transactions, it increases i;j
loans in sixteen months more than twcoty-ei*V
millions of dollars. Was this imprudence on\*
It cannot be believed lhat those ,who inaiia
its qonceros could have committed such an over
sight. Can any proper reason lie assigned fur
this departure from the course which the inter,
est* ot a monied corporation, as well as that ot
the country, obviously required? | am not aware
that any sufficient justification has been offered
And this extraordinary increase of its loans, nude
in <*o short a space of time, at such a period of u5
cleaner, and upon Hie eve ot a severely Contested
election of President, in which the Bank took ji,
open and direct interest,demonstrates that it mi
u.mg i'8 money lor the purpose ot obtaining »
hold upon the people of this country, in order to
op«M tie upon their fears, and to induce them, l>r
apprehension of-ruin, to vote against theuri
dolate whom it desired to defeat. In other
witrds, this great monied corporation determined
to enter the political arena, and to influence the
measure* of the Government, by causin* itj
weight to be felt in the election of its officers
Bui it ihe circumstances above stated sere
not. of themselves, sufficient to prove that the
Bank had sought, by its money, to obtain po!iti
cal power, and to exercise by that means a tea.
trolling influence oil the measures of the Gotfm
ment, developernents have furnished such proof
as to leave no room fur d >ubt. 1 have the lio^or
to transmit herewith ancffi-ial statememt jrnark
rd B.) signed by four of the public directun I
in the Bank, showing at the same time the cc I
lawful maimer which its business is cornluchcl
and on warrantable purposes to which its muiit'l
has been and still is applied. It will be sennal
; the proceedings therein s'ated, that the uh.i'il
j capital of the Bank is in effect placed at theriuB
! position of the President of the iustitutiou. Ill
i is authorized to expend what he pleases in ia.il
jug »*to be prepared and circulated suihduc. I
ments and papers as may communicate tu the pa l
pie information in regard to the natuie and o|
eralions of the Bank.” And lie inuj therelur
under the very indefinite terns uf the re*u.u
employ a* many persons as he pleases, i:
such salat les as lie thinks proper, either leprc
pare daily paragraphs for newspapers in lavor«f
the Bank, or to write pamphlets amlcvats tu
influence the public judgment. And he auj
even provide for the publications, bv salatte*to
print-rs or by purchasing presses and type.and
placing them in the hands of agents employed
and paid by the Bank.
There is no limitation, short of the capital
the Bank, a* to the sum of money he may thus ea
pend ill different parts of the United State*.
Froin the description of articles which appear t
have been paid for under this resolution, itvrem
that the President of the institution lias supjHm
that publications containing attacks upon offlcen
of the Government who are supposed to stand u
the way of the renewal of the charter, isone of thr
modes of “communicating to the people inform*
lion in regard to the natui e and operations of tin
Bank.” This construction was, it appears, if
proved by the Board, as they continued the u
thority in his hands, unchanged, after the mi:
ner in which a portion of the money had been ip
plied was laid belore them. And we are left"
conclude, that this institution is now openly i«
the field as a political partisan, and that one if
its means of warfare, is the destruction of tn
political standing of those, who are opposed )•
the renewal of the charter. The sum •ctuaMy
charged to the expenses, under this resolution,
is sufficiently startling. How much more nur
have been already sqandered, we are yd
learn, and the work of “ preparing and circu'i
ting” such publications is still, it ■* presum* ,
going on under the last resolution of the l>0,r'
It is moreover impossible to ascertain the spec
purposes to which the money may in fart *'***
been applied, since vouchers are not required !•
show the particular service* for which it w»'Slvr
l'Jo bt concluded in our nr.rf.J^ _K
Dll Alt'S THIS HAY i
Grand Consolidated Lottery.
Class So 49/hr 181.5
Will he drawn in Wilmington, lM *»" Mon.lo■
1 prize of J513.000 | 1 p»i*e "•
l do of 6,000 | 10 prizes of >•
(Jj* Lowest prixr #5.
rickets #400; halves i 00; quart* rs I CO.
Oo sale in great variett l>y
jASa aioaDAW.
Cf> Uneurrenl Notes and Fori ign t»old ^*J!r,‘*
Drawing Dels ware ami North Carolina l*0,‘'> .
36 30 29 16 9 39 59 13 51 L
UUAH'S THIS DAI
Grand Consolidated Lottery.
Clati M 49/«rlfl3j, . «
To be drtwn in Wilmington Del fitI‘I
fl.APITAL PRIZE $16.0001
To be had in a variety of nunioer* '>! ■
J. CORSEi |
rettery UJ Ritkangt Beaker,
Drawn Number' in Hie Delaware ami North1*- B
Lottery, No. 23, extra. .. :*B
56 30 29 16 9 39 59 15_jj B
DRAWS THIS DAY I
Grand Consolidated Loiter), B
Class No. 49 for 1833. , B
To be drawn at Wilmington. !>'/"n *‘!n/ .Vy * B
75 NUMBERS- It DBA Its BALLOD‘ B
1 prize of 815,000 | l pH*# " » \,B
I do of 6,000| 10 pr*x« «f '• B
Ticket* Ml halve* 2 00; quarter* 1 w B
To be bad in a variety of numbers at ^B
O. S. WORSE’S _ ■
lottery Office, B
Comer King and Royal aireeta, JlJ*“ndr“* •„ - B
aj Seat, takcnfor IVeukington and Datum" B
.Veto Line of QREEN COACHES B
t or lUnti I
dSsll The three story FRAME H0l’SY^°n B
3*!«*} street, next door to Math..* Snyder » ‘ B
enauts the rent will be low. Apply^l®, >t||.LE«- I
Who has for sale a good HOUSE, DUAt, k I
dec 5—6t _ _- ~~ B
” Xolic®. oflbeB
rfIK Anuual Meeting of the Stockholdr^ ^ ■
Washington *nd Alexandria 1 urnpiae B
►any, for the election of five Uwetor*. * „flfB
nd Clerk, will beheld at Newton, lavern H
lav, the 6th of January next. Treasure' B
_dec 3-eol6thJan _ ■» D LAUU* 'L-B
MUSEUM e<ip*l
»,,en daily from 1 to 12, M., and fron. - |