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ter Is the same with tue single substitution of dollars for pounds. It Is in words and intention standing authority to borrow that limited sum- for the obvious purpose of preventing the constant keeping of asum of money in hand as reserve to meet contingencies which hardly ever occur This contingent authority to effect d small loan has often been used in Eng land-in the United States, never possibly, because there has been no occasion iort |; probably because the clause was copied mechanically from the Eng

 fish charter and without the perception of its practi- cal bearing. Be this as it may, it is certainly wise and present provision such as all governments should, at all times be clothed with.

 Ifany Senator thinks that have exaggerated the injury suffered by the United States on account of the uncompensated masses of public money in the hands ofthe Bank, am now going to convince him that he is wrong, ] am going to prove to him that have purposy kept back large part oft; and that justice requires a further developement The fact is that there two different depostes of public money in the Bank; one in the name of the Trea- surer of the United States the other in the names of disbursng officers The annual average of the for mer has beer about three and half millions of dol lars and of tlis have been speaking the average of the others about million and half and of this have said not q word. But the esse al character ofboth deposes IS the same they are both the pro- perty of the United States; both permanent: both available as 10 much capital to the Bank; and both uncompensaed. Here is the statement fthe month ly amount oihese secondary deposiies as find them on the Bank returns and to ii appeal for the ve- rifration nfv vvb I al