Litchfield Enquirer

The Government Deposits.—For some Weeks past this subject has engrossed the attention of the public in the great cities and towns; and rumor upon rumor has been put in circulation, having the tendency to delude the public and put into the pockets of speculators a few thousand dollars by the rise and fall of the stock of the United States Bank. A decision however at length has been made by the administration to withdraw the deposits from that Bank, and place them in local institutions—with how much benefit or how much evil will be better known in a few years. Upon receipt of this information in New-York, U. S. Bank stock declined about 1 1-2 per cent. It is said the new Secretary of the Treasury is dissatisfied with the measure, and that he probably will resign his office to make room for some more pliant instrument—probably Amos Kendall, one of the back door cabinet. Washington Globe thus announces the facts respecting the withdrawal.

From the Globe, Sept. 20th:

We are authorized to state that the deposits of the public money will be changed from the Bank of the U. States to the State Banks, as soon as necessary arrangements can be made for the purpose, and that it is believed, they can be completed in Baltimore, Philadelphia, New-York and Boston, in time to make the change by the first of October, and perhaps sooner, if circumstances should render an earlier action necessary on the part of Government. It is contemplated, we understand, not to remove, at the whole of the public money, now on deposit Bank of the United States, but to suffer it to remain there until it shall be gradually withdrawn, by the usual operations of the Government. And this is adopted in order to prevent any necessity, on part of-the Bank of the United States, for pressing the commercial community; and enable it to discharge, if it think proper, the usual liabilities to the merchants. It is believed, that by this means there will be need not produce any inconvenience to the commercial community, and that circumstances will not require a sudden and heavy call on the Bank of the United States so as to occasion embarrassment to the institution or the public.

The general anxiety which has been manifest on this subject, has made it proper to announce what is intended to be done: and we understand that the facts and reasons which have led to this measure, will shortly be laid before the public.
Decision on Public Deposites.—The accounts from Washington all agree that on the final decision the President, with Secretary Woodbury of the Navy, and Mr. Taney, Attorney-General, were for, and Secretaries Duane, of the Treasury, M'Lane, of State, and Cass of the Army, were opposed to the removal.

N. Y. Daily Adv.