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GOVERNMENT DEPOSITES. Decr. Incr. Jan. 1. July 1. 2,071,053 932,964 Bank of America, -2,064,017 1,055,418 Mechaniss, 944,582 2,000,000 Phenix. 183,795 183,795 439,824 140,056 579,880 Merchants, 5:9,000 Union, 130,634 709,634 30,624 National, 150,624 120,000 264,502 115,498 380,000 Merchants' Exchange, 264,911 Leather Manufac. 185,089 450,000 211,000 134,000 Lafayette, 345,000 194,399 133,101 327,500 Seventh Ward, 158,013 41,987 200,000 Tradesman's, 4,238,120 214,419 7,176,031 3,152,330 214,419 3,152,330 Dim. Depos. $4,023,701 $4,023,701 This exhibit furnishes many themes for reflection. They will readily occur to the intelligent mind. We see the folly of making state institutions depositories of the government funds. It supplied them with additional capital to speculate upon, anthus disturbed the original intent of their charters. On the 1st of January last, upwards of seven millions were at the disposal of eleven corporations. Did the framers of their charters ever anticipate such an accession to their capital? What was the effect? Theystimulated, to an unnatural extent, by loaning these funds to detters who had already gone beyond their depth. Up to the 1st of March, these seven millions were no doubtturned twice or thrice with immense profits. And whence were these profits derived? From the pockets of the consumers, the greater part of whom are the middling and poorer classes. The undue extension given to trade, speculation, &c. by the use of seven millions of government funds, brought with it the 4th of March, 1837. We should like very much to see a statement of the affairs of these banks OR that day. It would be a rare and curious exhibit. We will venture one opinion without fear of contradiction, that the public deposites on that day were overnine millions. Let that pass, however. During an unexampled panie, we find these very banks curtailing in all directions, and ruining their deluded victims. They have decreased the deposit fund since the first of the year $4,023,701. It is supposed that the amount of the public revenue locked up in the deposite banks is now about 25 millions. New York owes one ninth of that amount, What is tobinder these eleven Banks from resuming specie payments and liquidating this debt? Nothing but the miserable desire of amassing profits at the expence of their bill-holders and other creditors. We, however, care not for the Treasury."In can afford to pay the whole 29 millions as a bonus for a retur to honesty and straight paths. But there need be no loss. Let t government protect its baaks and throw its whole weight into the some of resumption. The thing-ean be easily effected. But will Mr. Van Buren compel his way ward agents to come back to the good old doctrine of paying what they owe? We again call public attention to the fact that eleven deposite banks of New York coly owe the government $3,152,330! Let this be remembered. Let it be proclaimed throughout the country. If these do not pay this sum voluntarily, they ought to be made to do it even at the expense of their charters. Let something be done retrieve our honorfrom the disgrace of suspension. Stocks today are stiff. United States went ap to 118. Delaware'& Hudson aproved 11, Phenix 4, American Life & Trust 1, Mokawk Rail Road 1. New Orleans Gas Co. remained firm. Speeie was heavy at the Board and in the street. Three o the packets have smiled and carried out a large amount. The other,the London packet, will be detained untile o'clock P.M. this day, to receive . hatever comes along. She towever will netcarry out but a rifling amount more than was engaged for her yesterday. Stx'o'clock, P. M. At the second board today very little was done in stocks There was also great inactivity in therbullion offices. It is calculated that the four paekets which went to sea today will carry.out $1,200,000. in specie, in part payment of the foreign debt. The quantity of produce is meagre. Inc the Ontario alone, for London, we learn that $100,000 of specie passed through the Custom House. Few entries were made for the other vecsels, but it is known, unofficially, that $500,000, if not more, have been shipped to Liverpool and Havre. For several days past the activity in the bullion market has been immense. The following are the exports of specie inthe.several vessels named $500,000 By the Ontario to London, (official,) as 425,000 Orpheus to Liverpool, (unofficial,) do 44 Shakspeare todo. 89,000 " do. Baltimore to Havre, 170,000
