REGULATION DEPOSIT BILL.
The President had recommended to Congress the passage of an
act to regulate the custody of the public moneys in the local
banks, intrusted with their keeping. It was a renewal of the same
recommendation made at the time of their removal, and in conformity
to which the House of Representatives had passed the bill which had
been defeated in the Senate. The same bill was sent up to the Senate
again, and passed by a large majority: twenty-eight to twelve. The
yeas were: Messrs. Benton, Black of Mississippi, Calhoun, Clayton
of Delaware, Cuthbert of Georgia, Ewing of Ohio, Frelinghuysen,
Goldsborough, Kent, Knight, Leigh, Linn, McKean, Mangum, Moore,
Alexander Porter, Prentiss, Preston, Robbins, Robinson, Smith,
Southard, Swift, Tomlinson, Tyler, Waggaman, Webster, Wright. The
nays were: Messrs. Bibb, Brown, Buchanan, Hendricks, Hill, Kane,
King of Alabama, Morris of Ohio, Poindexter, Ruggles, Shepley,
Tallmadge. And thus, the complaint ceased which had so long
prevailed against the President, on the alleged illegality of the
State bank custody of the public moneys. These banks were taken
as a necessity, and as a half-way house between the Bank of the
United States and an Independent treasury. After a brief sojourn
in the intermediate abode, they passed on to the Independent
treasury--there, it is hoped, to remain for ever.