the State of South Carolina, and if your bank shall not be able to execute this transfer, it is desirable to be advised of the fact as soon as may be.

With regard to the issue of drafts upon your bank to an amount sufficient to absorb the balance standing to the credit of the Treasurer, independent of this transfer, no advice has been received of the payment of these drafts, and should your bank be able and inclined to meet the transfer, any overpayment which may be made by you upon the other drafts will be promptly refunded. I am, sir, very respectfully, your obedient servant, LEVI WOODBURY, Secretary of the Treasury.

J. J. PALMER, Esq.
President of the Merchants' Bank, New York.
G 17.

NATIONAL BANK, CITY OF NEW YORK,

February 27, 1837.

SIR: By your letter of November 1st, 1836, you apprized this bank that a transfer draft for $75,000, payable soon after the first of January, 1837, to the authorized agent of the State of New York, (which draft has been accordingly paid,) would be followed on the 1st of April, July, and October next, by other drafts of similar amount, and payable to the same agent, unless in the mean time a different notice should be given by the Treasury Department. By your letter of the 23d instant, you apprize me that a transfer draft for seventy-five thousand dollars, in favor of the State of Virginia, payable on the 1st of April, will be issued on this bank, and that a draft for a similar amount will be iss ed for the instalments payable to said State on the first day of July and October next, unless, &c.

As I am not quite certain whether this last letter is intended as superseding the notice given by that of first of November, I pray you to have the goodness to inform me whether, according to the intentions of the Treasury Department, the several transfer drafts mentioned in the letter of the 23d instant, are meant to be substituted for or in addition to those mentioned in the letter of first of November.

posed on me by the embarrassments growing out of the lamentable suspension of specie payments, have been greater than my strength allowed me at once to perform.

Notwithstanding the demand for specie for exportation, caused by the unfavorable rate of foreign exchanges, the drain had been so far arrested that the specie of the eighteen safety-fund banks of this city, whose capital amounts to $16,611,200, and which amounted On the 1st July,

On the 1st January, On the 10th April, Was, on the 2d May,

1636, to $5,044,298, 1837, to 3,854,452, and

1837, to 2,633,690, 1837, 2,595,361,

showing a diminution of less than forty thousand dollars during the three critical weeks preceding the last mentioned date. Measures had been taken by a number of the city banks to secure a State loan of $3,400,000, of which from two to three millions might be used, instead of specie, as remittances to Europe.

There was, therefore, a fair prospect that the impending danger might be averted; and without ascending to the more remote causes, it may be stated, as a matter of fact, that the disclosure of the frauds committed, with the connivance of some of their officers, on the Mechanics' and Dry Dock Banks, and the excitement caused by that event, and by the sudden death of the president of the Mechanics' Bank, operating upon a community already highly alarmed and excited by the unparalleled failures and losses lately experienced, and by those still apprehended, was the immediate cause of the run on the banks, and of the consequent compulsory suspension of specie payments. The city banks, by immediately assisting the Mechanics' Bank, and enabling it to resist the first shock, and to maintain itself, and by assuming the payment of the circulation of the Dry Dock, whose situation was such that it could not be sustained, did all that was in their power to allay the storm.

For an explanation of the circumstances which preceded the suspension itself, I beg leave to refer to the enclosed copy of the minutes of the sitting of the 10th May, A. M. of the board of directors of this institution.

You are no doubt satisfied that the situation of the National Bank, and the guarantee afforded by the bond of its

The Hon. LEVI WOODDURY,

Secretary of the Treasury.

G 18.

TREASURY DEPARTMENT, March 2, 1837. SIR: In reply to the inquiry contained in your letter of the 27th ultimo, received here this morning, I have to state that the proposed transfer to the State of Virginia, is in addition to that which will probably be ordered to the State of New York, agreeably to the notice of the 1st November last.

The amount of the subsequent transfers to the States of Virginia and New York will be regulated by the amount of your deposites on account of the Treasurer of the United States, compared with other deposite banks, so as to make the distribution as equitable and as little burdensome as possible.

I am, sir, very respectfully, your obedient servant.
LEVI WOODBURY,
Secretary of the Treasury.

ALBERT GALLATIN, Esq.

President of the National Bank.

G 19.

NATIONAL BANK, New York, May 31, 1837. SIR: Your letter of the 18th instant to the cashier of this institution was duly received. The answer has been delayed longer than I did wish; but the various duties im

ment of the balance due to the United States. The great and only difficulty arises from the inability for the present to pay in specie; and we think this institution is, by the previous management of its affairs, and its conduct on the last trying occasion, entitled to the same forbearance which it exercises toward those indebted to it. I will only add that you will find it ready to co-operate in carrying into effect the measures which you may recommend for the purpose of resuming specie payments as early as possible, and of preventing in the mean while, as far as practicable, the depreciation of our paper currency. This must, however, be the subject of a distinct letter, in answer to the inquiries at the end of your circular.

The Treasury checks on this bank, which cannot be paid in specie, and will be returned in payment of duties to the Treasury, will in fact become demands for refusal of having paid specie. I pray you to inform me of the amount you mean to draw in that manner, and whether you intend to demand interest or damages on such return checks. This is necessary for my government in several respects. I have the honor to be, respectfully, sir, your obedient servant, ALBERT GALLATIN. Hon. LEVI WOODBURY,

you to be assured that I entertain no doubt with regard to the solvency of the National Bank. This Department has not contemplated the placing of many drafts in payment of warrants upon your bank. It is hoped that you will be both able and willing to meet such as may be placed on it, in such a manner as will give entire satisfaction to the holders. The amount of the State transfer drafts payable by your bank in July, will not be made much larger in the whole than that for April, unless you should express a desire that they may be made so. This Department entertains a hope that these transfer drafts will be received by the States in such funds as may be mutually convenient and acceptable. In this manner all questions with regard to interest and damages will be obviated. Should any stich questions unfortunately arise, it will be the anxious desire of this Department to arrange them in a just and equitable manner. I am, &c.

SIR: I have the honor to acknowledge the receipt of your respected letter of the third instant, informing me that the Treasurer of the United States had issued a draft on this company in favor of the State of Tennessee, for fifty thousand dollars.

This is a very agreeable arrangement for us, and no doubt will be equally so to the Planters' Bank of Tennessce, as that institution is largely indebted to this bank.

I am much obliged by your inquiry respecting the future drafts upon this company, and as far as I can see at present you will be pleased to be governed in that respect by the convenience of the Department.

I have the honor to be, with great respect, your obedient servant,

ROBERT WHITE, Cashier Manhattan Company. Hon. LEVI WOODBURY, Secretary of the Treasury.

G 22.

TREASURY DEPARTMENT, June 5, 1837. SIR: I will thank you, at your earliest convenience, to inform me whether your bank will execute a transfer to the State of New York on the 1st of July next, of the balance of public money now on deposite with you, as the easiest and best mode of arranging what is due.

I am, sir, very respectfully, your obedient servant,

LEVI WOODBURY, Secretary of the Treasury. PRESIDENT of the Commercial Bank, Buffalo.

G 23.

COMMERCIAL BANK, Buffalo, June 13, 1837. SIR: Yours of the 5th instant has been received. It is impossible to say at this time what can be done in relation to the transfer you speak of. The hearing for the dissolution of the injunction on this bank is on the 20th. Until then we must ask your indulgence, and trust, in the mean time, that no drafts will be made upon us. We will take the earliest moment to advise you after our affairs are arranged.

We supposed, from the call of the United States attorney upon us, that on furnishing the additional security which he desired, the payments would be postponed.

He mentioned that there would be some "reasonable time." His proposition was agreed to on receipt, although

[25th CoNG. 1st Sess.

we are not as yet advised what additional security is required. Very respectfully,

ISRAEL T. HATCH, President.

To Hon. LEVI WOODBURY, Secretary of the Treasury.

G 24.

TREASURY DEPARTMENT, June 20, 1837, SIR: I have to acknowledge the receipt of your letter of the 13th instant. Before it came to hand it became necéssary to issue the State transfer drafts, of which one has been placed upon the Commercial Bank of Buffalo, for $40,000, agreeably to the notice which you have doubtless received, and which I hope will be satisfactorily met. The residue of the public deposite in that bank, or most of it, will, if this amount is paid over, be permitted to remain for the present. I am, sir, &c.,

LEVI WOODBURY, Secretary of the Treasury.

ISRAEL T. HATCH, Esq. President, &c., Buffalo.

G 25.

COMMERCIAL BANK, Buffalo, August 5, 1837. SIR: At the time the injunction was taken off from this bank, in answer to a letter from your Department, we advised yout that we would pay $40,000 to the State. The Treasurer of this State is probably holding the draft until the money is paid to this county, and then, doubtless, intends to present it. We have now paid, since the period above stated, $20,000 on drafts recently drawn. We hope that if the draft of $40,000 has not been recalled, it may be done, and modified to $20,000. The payment of this last sum would lessen the deposite in our hands one-half, which is as rapid a reduction of our debt to the Government as the embarrassed state of the times will permit of. We desire to pay as fast as possible; and when it is considered that we pay about half of our deposite within forty days, we believe that our proposition will be viewed favorably. The balance can be paid most conveniently by us in such sums as might be required by you to disburse at different points in this State and on Lake Erie.

Very respectfully,

ISRAEL T. HATCH, President. Hon. LEVI WOODBURY, Secretary of the Treasury.

G 26,

TREASURY DEPARTMENT, August 12, 1837. SIR: I have to acknowledge the receipt of your letter of the 5th instant, requesting the recall of the transfer draft upon your bank in favor of the State of New York, payable on the 1st July last, and regret to inform you that it cannot be conveniently done.

The calls for the public money deposited in the banks, to meet the current engagements, have been so urgent that it has been drawn from them more rapidly than might have been wished. But you may be assured that the Commercial Bank of Buffalo has been less drawn upon, in proportion to the amount of its deposite, than almost any in the State of New York, and that hereafter as much forbearance will be exercised as the public service will permit. The whole of the public deposite has been drawn from the Bank of Troy, and all except about $23,000, which will be speedily absorbed, from the deposite bank at Albany.

I am, sir, very respectfully, &c.

LEVI WOODBURY,
Secretary of the Treasury.

ISRAEL T. HATCH, Esq.
President Commercial Bank, Buffalo.

25th CoNo. 1st Sess.]

G 27.

COMMERCIAL BANK, Buffalo, August 15, 1837 SIR To-day a draft of $15,000 was presented by the Farners and Mechanics' Bank of Albany, and specie demanded. We were advised by the United States attorney of this district that this draft was withdrawn. If it is the intention of your Department to enforce the payment of the raft we will pay it, although at some inconvenience at this time; believing, as we did from your correspondnce, that we should only be called on for $40,000 immediately. We ask no greater indulgence on our deposites than is al lowed to others, in consideration of the great changes

which have occurred since we undertook this trust for the Government. We would prefer disposing of the balance of our deposites as you should require the money to disburse at different points in this State and on Lake Erie. Very respectfully,

ISRAEL T. HATCH, President.

By the last return of the state of the Treasurer's account with your bank received here, the amount of public money was within a fraction of $100,000. This was on the 20th May, at which time the Commercial Bank held a greater amount of public money on deposite, in proportion to its capital, than any bank in the State, with one or two exceptions. The drafts which have since been placed upon it; had they been paid, would still have left the amount in your bank greater in proportion than most other banks in the State-several of which have been entirely exhausted. As to the payment of any drafts placed upon you since the date of the return mentioned above, no evidence of the fact has reached this Department. Under all the circumstances, I am unable, consistently with a due regard to the public interest, to consent to a reduction of the draft in favor of the State of New York; especially since it was returned a few days since to the Treasurer of the State, from the belief that it had been provided for: such being the inference from the remark made in your letter of the 15th instant, respecting the non-payment of the transfer draft of $15,000 to the Mechanics and Farmers' Bank of Albany.

It is, therefore, with great reluctance that I am compelled to suggest, in reply to your proposition to pay $20,000, that the whole amount must be promptly paid.

I am, sir, very respectfully, your obedient servant, LEVI WOODBURY, Secretary of the Treasury.

ISRAEL T. HATCH, Esq.

President of the Commercial Bank of Buffalo. P. S. Permit me to remind you of the necessity of transmitting the weekly returns of the state of the Treasurer's account, as well as the semi-monthly statements of the condition of your bank.

We shall expect returns of what you have paid since last May. L. W.

G 29.

der the present circumstances particularly, entirely unexpected, as the Comptroller has uniformly allowed drafts of this description to be paid to the commissioners of loans of the county in which the bank on which the draft was drawn was located; and in relation to this very draft all our previous correspondence with him has led us to expect the same course. A payment of this kind is also particularly inconvenient to day, for we yesterday remitted to New York all our current notes of other banks; and besides it is very unusual for us to allow over $20,000 of

such funds to accumulate in our vaults.

Under these circumstances I could not prevent notices of protest being sent, and I give you these facts to satisfy you that we have done all in our power to protect the draft. By this mail I address the Comptroller, and request him not to return the draft, as I shall pay the amount to him in Albany, and at the same time send a request to our corresponding bank in Albany to take up the draft for our account at once; which, I trust, will be done.

I have only to add that, upon the receipt of your last communication, our president informed Mr. Flagg that this draft should be paid as previous drafts had been; to which letter we have had no answer, nor has Mr. Flagg at any time advised us of his intention to take any new course in regard to this draft.

I have the honor to be, sir, &c.,
J. STRINHAM, Cashier,
in absence of the President.

Hon. LEVI WOODBURY,
Secretary of the Treasury.

H 1.

STATE BANK AT NEWARK, N. J.,
October 29, 1836.

SIR: Enclosed is a bond executed by the president and cashier and all the directors, except Mr. James Bruen, who is in Philadelphia, and Mr. James Dawes, who is absent on a journey. This bond is dated 21st October instant, to which day the former bond extended. It would be agreeable if you would hold this bond until we furnish you with another bond of like date, tenor, &c., executed by all the directors, which will probably be accomplished in a few weeks; and it will be all in good time to decide, when you receive the new bond, on the propriety of substituting it for the present bond.

Last evening we had a very calamitous fire in this city, (the particulars you will no doubt see in the public prints,) bearing a strong resemblance to the great fire in New York. This bank was several times on fire, but saved by the exertions of individuals, so that no loss of property is known or apprehended. If it should produce no inconvenience to the Treasury Departinent to furnish us with other funds besides those received, to pay what ought to be paid by us to the State of New Jersey, according to the deposite law, on the 1st days of January and April, or either of them, in whole or in part, it would enable us to grant some indulgences and assistance where it would be serviceable.

This intimation is made for your consideration; and if any thing is done in pursuance thereof, it will be very acceptable; but if there is any objection it will not be necessary to occupy your time with an answer. A great part of our manufactured articles are sold in the Southern and Western States, and the remittances received in the spring and early part of the summer. Very respectfully, ELIAS VAN ARSDALE, President.

Hon. LEVI WOODBURY,

Secretary of the Treasury.

H 2.

STATE BANK AT NEWARK,

January 18, 1837.

SIR: Enclosed herewith you will receive the receipt of

Assembly of New Jersey, for the sum of forty five thousand dollars, being the amount of the draft on this bank for part of the surplus revenue deposited with said State, which is forwarded according to the instructions contained in your letter of the 6th instant. In your letter of the 1st November ult., you mentioned the amount to be paid about the 1st instant; and that it would be followed on the 1st April, July, and October next, by other drafts payable to the same agent, but did not specify the sums. It would be very acceptable to us to be informed of the sums expected to be paid by us on those days, particularly on the 1st of April next, as soon as your convenience will permit. Very respectfully,

ELIAS VAN ARSDALE, President.

Hon. LEVI WOODBURY,

Secretary of the Treasury.

H 3.

TREASURY DEPARTMENT, January 21, 1837. SIR: In reply to the inquiries contained in your letter of the 18th instant, as to the amount of the transfer drafts which will be issued in favor of the State of New Jersey, upon your bank, payable in April, July, and October next, I have to state that these drafts will probably be made for the sum of eighty-five thousand each.

I am, very respectfully, your obedient servant,
LEVI WOODBURY.
Secretary of the Treasury.

ELIAS VAN ARSDALE, Esq.

President of the State Bank at Newark.

H 1.

STATE BANK AT NEWARK, April 6, 1837. SIR: The receipt of the Governor, Treasurer, and Speaker of the House of Assembly of New Jersey, is herewith sent, for the sum of eighty-five thousand dollars, being the amount of the draft on this bank for part of the surplus revenue deposited with the said State, and which is forwarded according to the instructions contained in your letter of the cashier of the 15th March ultimo.

In your letter of the 21st January ultimo, you stated that the drafts therein referred to, payable in April, July, and October, would probably be eighty-five thousand dollars each. These sums, together with one previously drawn, make the amount deposited by transfer drafts, and was probably so arranged under the expectation that after the distribution was made, no surplus would remain in the Treasury beyond what was necessary for the public service. But as Congress have made no distribution of the surplus accruing, and our traders and manufacturers are greatly in want of money, it is submitted for your consideration whether part of the accruing surplus might not be left in New Jersey, to be effected either by diminishing the drafts to be drawn on us, or by new transfer drafts for us, as may best suit the convenience of the Treasury.

If this is not deemed expedient, we shall so understand it, without occupying your time in writing an answer to that effect. But, if a favorable determination in any respect should be made, an answer would be very acceptable. Very respectfully,

ELIAS VAN ARSDALE, President.

Hon. LEVI WOODBURY,
Secretary of the Treasury.

H 5.

TREASURY DEPARTMENT, April 11, 1837. SIR: I have to acknowledge the receipt of your letter of the 6th instant, with its enclosure.

In reply to your request that a portion of the accruing surplus may be permitted to remain on deposite in your bank, I have to state that, upon the best estimate which can now be formed, the amount of receipts into the Treas

[25th CoNG. 1st SESS.

ury previous to the first of October will not exceed, if indeed they shall equal, the expenditures required by law, after the deposites with the States, due on that day, shall have been paid over. It does not seem probable that any considerable sum will remain in any deposite bank, even at the great points of disbursement, where it must, of necessity, be principally placed. If, contrary to present expectation, any considerable surplus shall remain in the Treasury after the State deposites shall be completed, your request will be seasonably and duly considered. I am, very respectfully, your obedient servant, LEVI WOODBURY,

BANK OF DELAWARE,

Wilmington, 5th mo., 23d, 1837.

In answer to the inquiries in thy circular of 18th instant, I am instructed to say

1st. That we are ready to resume specie payments at any time when they are resumed by the Philadelphia banks, and shall be glad to do all in our power to promote it.

28. The answer to this inquiry is principally above. From our near vicinity to Philadelphia it would be impracticable for us to resume specie payments at an earlier period than stated above.

I am also further instructed to say, that this bank will be prepared to meet the drafts of the United States Treasurer, in favor of the Treasurer of this State, as heretofore, in a manner satisfactory to the latter.

The whole amount received by this institution from the United States was eighty thousand dollars. We have paid Government drafts, in favor of the Treasurer of this State, for about $45,000 dollars, and we hope the draft to be drawn on the 1st of July may be for $15,000, (making an average payment of $20,000 quarterly,) and leaving that sum to pay on the 1st of October.

I am, very respectfully,

WM. PAXSON, Cashier.

TO LEVI WOODBURY,
Secretary of the Treasury.

K 1.

FARMERS' BANK OF VIRGINIA, Richmond, April 5, 1837. SIR: I have the honor to enclose the account of the Treasurer of the United States with this bank to the 3d instant; also, the receipt of the Treasurer of the Commonwealth of Virginia for $366,404 67. Be pleased to inform me, in case I am incorrect in the supposition, that I am instructed to perform this service as an agent of the Department over which you preside, and not as necessarily connected with the draft of $200,000 on this bank, advised in said letter, and which constituted a part of the amount for which the receipt is granted.

I am, with high respect, your obedient servant, JOHN G. BLAIR, Cashier.

Hon. LEVI WOODBURY,

Secretary of the Treasury.

N. B. James Rawlings, Esq., has been elected president of this bank, in place of P. N. Nicholas, Esq., resigned. J. G. B. Cr.

K 2.

TREASURY DEPARTMENT, April 7, 1837. SIR: I have to acknowledge the receipt of your letter of the 5th instant, with its enclosures. The receipt transmitted appears to be derived from some law or regulation of Virginia, with regard to deposite of funds of that State, as it contains a different amount from the sum paid by you to the State Treasurer on account of this Department.

FARMERS' BANK OF VIRGINIA,

Richmond, April 10, 1837. SIR: The receipt of the Treasurer of Virginia, forwarded to you on the 5th instant, for $366,404 67, and returned by you as incorrect, came to hand to-day, and was presented to the Treasurer for compliance with your requisition he states he waits for the return of the other receipt of the same tenor which he gave, and at your request, was forwarded to the Treasurer of the United States.

To the same officer was also forwarded the draft on this bank for $200,000, with the customary receipt thereon, accompanied with the weekly account rendered, it having been settled with the Treasurer of this State. The weekly account will accompany this.

I have the honor to be your obedient servant,
J. G. BLAIR, Cashier.

Hon. LEVI WOODBURY,

Secretary of the Treasury.

K 4.

TREASURY DEPARTMENT, July 15, 1837. SIR: Not having been informed of the payment by your bank of the State transfer draft in favor of the State of Virginia, for a portion of the July instalment to be deposited with that State, I have to request you to inform me at your earliest convenience, whether it is expected to be paid over in a manner acceptable to that State, as it will be necessary otherwise to place drafts for disbursement upon your bank to meet the wants of the public service. I am, very respectfully, your obedient servant, LEVI WOODBURY, Secretary of the Treasury.

JAMES RAWLINGS, Esq.,
President of the Bank of Virginia.

FSIR

K 5.

FARMERS' BANK OF VIRGINIA,

Richmond, July 17, 1837.

Your letter of the 15th instant has been received. The transfer draft on this bank for $200,000, referred to by you, has not been presented for payment as yet.

By an act of the late extra session of the Legislature of Virginia, this check or draft, with all others payable on the 1st instant, were directed to be paid to certain banks, &c., by the endorsement of our State Treasurer. And I understand from him that, in order to meet the payments required by the said act, it will be necessary to have the draft divided into two sums. He has written to you, asking such a division; after which, no doubt, the checks will appear in due season, and be satisfactorily paid.

The apparent delay has resulted alone from the failure of those entitled to receive this fund to call on our Treasurer at an earlier day.

This bank will take pleasure in meeting any drafts which the wants of the public service may require, and, I doubt

not, always in a manner acceptable to the creditors of the Government.

Very respectfully, your obedient servant,

JAMES RAWLINGS, President of Farmers' Bank of Virginia.

Hon. LEVI WOODBURY,

Secretary of the Treasury, Washington city.

K 6.

FARMERS' BANK OF VIRGINIA,

Richmond, August 28, 1837. SIR: Your favor of the 24th instant, addressed to John G. Blair, cashier of this bank, advising that orders had been given to forward a transfer draft on the Bank of Virginia, in favor of this bank, for the sum of $14,732 35, has been duly received; and by the succeeding mail the transfer draft came safely to hand.

I hope that you did not consider the letter of our cashier of the 21st instant as in anywise a demand or request that you should adjust this seeming balance in favor of this bank, after the payment of the several checks or drafts of which we had been advised. Nothing of that kind was intended, and we should feel much mortified if it was inferred.

The checks of the Treasurer of the United States on this bank, as advised, have been satisfactorily paid, except one in favor of the Treasurer of Virginia for the sum of $117,190 67, which has never been presented for payment. This check it is understood was passed by the Treasurer of Virginia to the Exchange Bank; a bank authorized by the last Legislature of Virginia, but not yet in operation. The cashier of that bank, some three weeks ago, by letter to our cashier, informed him that he held such check, and asked if it would be paid in specie if presented. Our cashier, in reply, declined payment in specie, but proposed to meet it in current notes and checks on Northern banks; since which we have heard nothing farther from it.

Under the peculiar condition of all of our banks, it cannot reasonably be expected of us payment in specie, when no other bank will do the same, although our ability may, when contrasted with our liabilities, well compare with any. I am pleased that a move has been made by the New York banks, which, it is hoped, will result in some wellconcerted agreement to resume payment in specie at the earliest practical day. This bank, among the last to suspend, will be found, I hope, among the foremost in the resumption.

Very respectfully, your most obedient servant,
JAMES RAWLINGS,
President of the Farmers' Bank of Virginia.
Hon. LEVI WOODBURY,

Secretary of the Treasury, Washington city.

K 7.

TREASURY DEPARTMENT, August 30, 1837. SIR: I have to acknowledge the receipt of your letter of the 28th instant, and I beg you to accept of my thanks for the information furnished.

It is very desirable that your bank ascertain whether the for to the proper authority of the State, as required by the transfer to the State referred to will be made and receipted deposite law. I shall be gratified at receiving information upon that point at your earliest convenience.

I am, sir, very respectfully, your obedient servant,
LEVI WOODBURY,
Secretary of the Teasury.

JAMES RAWLINGS, Esq.,
President of the Farmers' Bank af Virginia.

K 8.

FARMERS' BANK OF VIRGINIA.

Richmond, September 16, 1837.

SIR: Your favor of the 30th ultimo was duly received. I have seen the Treasurer of Virginia in regard to the re