Speech of Mr. Southard, on the Removal of the Deposites; Delivered in the Senate of the United States, January, 1834 (Paperback)

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1834 Excerpt: ...the Mechanics' Bank, and to the propositions which were in debate between the Bank of the United States, the State banks, and the Secretary, about the transfer of the deposites previously made in the Stale banks, that the letter and postscript of Mr. Crawford, of the 13th February, 1817, was written. They had no relation to deposites made in the Bank of the United States, nor do they furnish any assertion of authority by Mr. Crawford to touch deposites accruing after the charter went into operation. The body of his letter expressly refers to the circular: and the assertion is, of a right to transfer those deposites to equalize the benefits, in the efforts making by the banks to restore specie payments. It is too explicit to have been misunderstood by the Secretary, if he had examined it with proper caution, and adequate knowledge of the operations of the Treasury at that time. The fetters and documents to which I have referred may be found by; Senators in document 140, being an answer of Mr. Crawford to a resolution of the House of Representatives of the 8th May, 1822; and I think I may affirm, with confidence, that the postscript relied upon does not sustain the Secretary in the course which he has adopted. Whether he has been able to find any other sayings of Mr. Crawford, or of some other Secretary, which will give plausibility to his assumption of power, we shall discover when we read his recent communication. In the mean time I refer Senators to Mr. Crawford's letters of 28th February, 1817, and 17th March, 1817, and his reportof the 27th February, 1823, giving an account of all the transfers made by his directions from the date of the charter; and I think the conclusion from them will be found to be irresistible, that he did not claim even to select th..