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that document. then, HHIIr. Nib EEs D. said, he should proceed to present to the eonsidera- lion of the House, 8 few sentences which lie thought, taken together, would be per- fectlF conclusive on this point.

 A..e. sisina inc various reaaens, which, in tse opinion of the President, rendered 1t expedient that inc deposites should be re-

 moved from the Bank of the United States, tie President of the United States (said

 Eir. NsD. proceeds iii this document thus: < From all these considerations, the Presi-

 dsnt thinks that the State Banks ought in1-

 saediatcly to be employed in the collection

 and disbursement of the public revenue,

 and the. funds ROW n tke Bank of tbe Jni-

 ted States drawn cut with aii convenient

 despatcbn Then, again, towards the con clasion Of the document we find that < The

 President again repeats that he begs his

 Cabinet to consider the proposed measure as HIS OWN, in the support Of which be shall require no one oi them to make sacrifice of opinion CT Fuinciple. Is re- spoasitddy HAS BEEN ASSUMED, after the I most if47ttnre deiibefation and reflection, as necessary to preserve the morals of the l l fFeefie, tho freedom of the press, and the purity of the elective franchise" &c.- I Further-''u under these convictions, he feels

 that a measure so important to the Ameri-

 can people cannot be commenced too soon;

 Ii HE therefore sses He fisst dag ot De-

 fober ,ert. as Poifod peoper for the chmtge 1 q the depostteS, or sooner, provided tho no

 eessary arrangements with the State Banks

 eail be made.o Now, sir, said Mr. MID.

 ] leave 1t to any mau who is at all aeqgaint-

 ed with the force of language, whether any

 thing can be isore plain than that the Pfesi-

 dent has asshned the responsibility of di-

 reetinee and ordering the public deposites to

 be6remoYed from the Bank of the United

 States; and that while he recognizes the

 right of the Secretary Of the Treasury over 1 the subject, he has usurped tie right, and

 exercised 1t himself. The President begs

 his Cabinet to consider the measure as his

 own; he takes the responsibility upon him. self; he decides the question and yet l beg the House to attend for a single mo-

 ment, to the extraordinary declarations and

 admissions of this same document with re-

 gard to the erelasipe right of the Secretary

 ot the Treasury to act 1T the prefnises.-

 ffhy, sir, from one part of this document,

 you would Suppose that the President would

 IS soon have struck off his right hand, as latertered with the free exercise, by the Secretary of the Treasury, of the very power which he undertook to exercise him.

 self. In support of this view of the sub-

 'eet, tie President goes on 10 say, in this

 manifesto, '' Far be it from him to expect

 or require, that any meniber Of the Cabinet should at his#feqaest, order or tictation, do etfy act winch he believes unlawful or in bis conscience condemns.' ss i4 the re- marks he has made on this all important question, he trusts the Secretary of the

 Treasury will see only the frank and re- sPectful declarations Of the opinions which the President has formed on a measure of great national interest, deeply afIectipo the

 ctsHra1tar and

 lloh, and not spirit of eictaton, which inc President would be as careful to avoid ne

 ready te resist" Again, says the Pres. dent, n preceding part Of the same doc qment' $ the existing laws declare, that The dePosites ot the money of the U. States. in places Tn which the said Bank. and Branch 1 es thereof may be established. sboll ho | made h the said Bank, or Branches thera. of' unless the Secretary of the Treasnrv snail at any tune otherwise order and di- rect, III which case the Secretary of ti,o

 ! ifeasqTy shall immediately lay before Con 9fess' if m session, and if not. immediate. Y aiIef the commencement of the pext ses- sion, the reason of such order and direc- uoh.- he power of the Secretary ofi the treasury oyer tho deposites. is rno,al- iiied. ihe provision that he shall renort his reasons 10 Congress. is no limitation

 i1td U not been inserted, he would b5vo oeen responsible to Congress. had he made 2 removal for any other than good reasons ;, ffere' then, sir, said RIr. Nip. the pras; 1eni | distinctly admits this power to exist in ne Secretary of the Treasury. He also f, ,oilllts that this power IS delegated to the secretary of the Treasury under direct r to Congress. Yet. sir. in tbe ? seFf moment of this adalissioFs, i. tEE,e vsry moment of diseaiming all desion of ova. 'islag the least control over the Gee oyl, u ,lse ot the Secretary of the Treasury, nn- s 'l' suis matter, what does he do? hhy. 6c ? iaihes Id the first of October as the dav m Q ' 'iiiea the deposites are to he fenaave| h' of only so, but it was formally announced h' the Official Gazette three days efa.l ,ls tn smoyal of the late Secretary of the Traaa ,..' a " ula5 the public deposites had been de. ct c.t fiihed l4 to be removed from tie Bank of It | le United States. .9''s'i' VI ha Now. said Rfr. MD. lei us av,,,,;. .,.< 'n