The New Hampshire Gazette

Mr. Kendall's mission to the State Banks.—The following is a copy of Mr. Kendall's circular, addressed to the local banks in New York and Philadelphia. The same will doubtless be addressed to the local banks in all the states. Independent of any particular causes for the immediate removal of the government deposites. the charter of the U. S. Bank will expire in two years from the 4th of March next, and a renewal of it has been peremptorily refused. Within that period then the President must of necessity make arrangements for the management of the financial concerns of the government through some other channels. The President has taken a wise course on this subject, and none the less wise for being taken up in season. The arrangement of the money concerns of a country so extensive as ours, is not the work of a moment.

August, 1833.

Sir.—I have been appointed by the Secretary of the Treasury, at the request of the President of the United States, to confer with State Banks in relation to future deposites and distribution of the public revenue. It is deemed probable by the Government, that the Bank of the United States will not be re-chartered and that no other institution will be established by Congress to supply its place as an Agent of the Treasury. As it is now less than three years to the expiration of its Charter, the President thinks it his duty to look to the means by which the service it now renders to the Government is thereafter to be performed, and if sufficient reason shall exist, the Government may desire to employ another Agent, or other Agents at an earlier period.

The sole object of my appointment is, to ascertain on what terms the several State Banks may be willing to perform the service now rendered by the Bank of the United States to the Government, should it become necessary or expedient to employ another Agent,or other Agents, that the Secretary of the Treasury may,in that event, be able to make a judicious selection.

In pursuit of this object, I have the honor to inquire whether the Bank over which you preside is desirous. should a change take place, of undertaking that agency, or a portion of it, at

If this inquiry should be answered in the affirmative I am authorized to communicate further with you on the subject.

It is, however, to be distinctly understood, that nothing which may pass is to be considered a pledge on the part of the Government,to remove the deposites from the Bank of the United States. before the expiration of its charter, or to employ your Bank in any event, or to make any final arrangements upon the conditions which may now be proposed or received,

If it be convenient, I shall be happy to know the disposition of your Board of Directors on the subject : if not, you will do me the favor to give me your own, leaving an expression of the wishes of the Board to some more convenient opportunity.

Very respectfully, your obedient servant,

AMOS KENDALL.