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 happened under the latter. Again: collectors, re- cesers, disbursing officers, and merchants gnlug bonds for duties. have existed and must exist under all systems; and appears from an official report to Congress that the losses by all those persons com- bined have, during those periods under United States Bank, been in a far greater proportion to the money collected and disbnsed, than in any other periods whatever from the foundation of the Guvernment.- Resides this, losses have happened by single officers in banks, their stockholders in numerous cases the past few years than by all the deposores slnee l789. There is, also, aneher rmisapprehension on thus subject, common to many gentlemen on the other slde of the house It Is, that the losses oi una

 vailabe funds the Treasury, to the extent Of more ihan million, happened under the old pei bank sys-

 fem, from lSll to l86, under the more recent one from 1888 to 1S40. But our records show that not

 dollar of the public deposites probably lost "n

 der either of them, though some delay and nconve- nence have been caused by the suspension of o the State bank Repositories. The old failures o lem

 that have ended in losses, were after i5i6 and between that and l527 in the full tide of the O- nlIed States Bank.-fSem Woedbnry's Speech