Republican Herald

Sir, is it desired to get up another panic, not merely in Mississippi, but throughout the Union? Is it intended once more to unhinge public confidence, to excite another alarm by asserting that twenty per cent, would not be taken as an insurance for the return of the public moneys from the deposite banks. Is it intended to create, by false alarms here, another scene of distress and embarrassment, and then to charge it all upon the President? Is it for this, that inflated estimates of the alleged surplus are presented to the public, when at the rising of Congress, when all the appropriation bills may have passed, there may be no surplus at all? But these public moneys are not deposited in the United State Bank; they are not there to be used in prostrating the administration, and overthrowing the liberties of the people; and this seems to be the great grievance of which the gentleman from South Carolina so loudly complains.

Sir, the sentiment of the American people, shaken by the portentous alarms echoed and re-echoed from this hall, did for a moment vibrate upon this subject, but it is now fixed and immutable that the public moneys had better be scattered to the four winds of heaven, than to be used as a part of the artillery of the Bank in its war upon the government and people of the Union. Believing then that no useful object can be accomplished by these incessant assaults upon the deposite banks, I hope these attacks will cease, or if renewed, in future have facts and specifications, instead of vague assertions and groundless insinuations.