 The Public DepOsites.

From Ate Globe, Sept. g.
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1t has been generally known for some months past that the propriety of withdraw ing the public deposites from the Bank of the United States was unde CT consid eration, and engaged much of the attention of the President and of the different branches of his Cabinet, all of whom had been called upon by the President to assist him in his deliberations on this subject. After ve- Ty full and careful eS aTBinatioT, the PTesi- dent come to the conclusion that the pub lie deposites ought to be changed to the State Banks, and hls opinion was commu- nicated in writing to his Cabinet on We'd nesday last, at a meeting held specially for that purpose, and the facts and reasons on which it as founded. As public attention has been drawn to this subject, 1t IS deem ed proper, in order to prevent misunder- standing or misrepresentation, to lay be- fore the people the communication made by the President as above mentioned; and a copy has been furnished to us for that purpose, which we now proceed to publish. Read to the Cabinet on the lSth of Septenr-

 Der, 1883.

 Having carefully and anxiously consl- dered all the facts and arguments, which have been submitted to hlm, relative to a removal of the public deposites irofn the Bank of the United States, the President deems it his duty to communicate in this manner to his Cabinet the final conciu- sions of his own mind, and the reasons on wiilioi, they arc founded, ,n ord e--.c p. them in durable form, and to prevent mis- conceptions.

 The Presidents convictions Of the dan gerous tendencies of the Bank of the Uni ted States, since signally illustrated by it's own acts, were so overPowerlng when he entered upon the duties of Chef Magis- trate, that he felt 1t his duty, notwithstand- ing the objections of the friends by whom he was surrounded, to avail himself of the first occasion to call the attention of Con eress and the people to the question ofits re charter. The opinions expressed ID his Annual Message of December, 1929, were reiterated in those of December 1880 and 1881; and in that of 1880, he 1 threw out for consideration, some sugges- tions in relation to substitute. At the