September 26, I833.
SIR: Believing that the public interest requires that the Bank of the United States should cease to be the depository of the money of the United States, I have determined to use the State banks as places of deposites; and have selected for that purpose, in the city of Philadelphia, the Girard Bank.
You will, therefore, present the enclosed draft of a contract to that bank; and, upon the execution of the contract, you will forward it to this department. You will ask the aid of the District Attorney of the United States, who will see that the contract is executed in due form under the corporate seal. The contract being executed, you will then deposite all of the public money which may come to your hands after the thirtieth day of this present month of September, in the bank above mentioned, until the further order of this department. You will also deposite in the said bank, for collection, all the bonds which may hereafter be taken for the payment of duties.
You will also call on the Bank of the United States at Philadelphia, and receive from it all bonds hereafter given to the United States, which are payable on or after the first day of October next, and deposite them for collection in the aforesaid State bank. I send you, herewith, an order on the Bank of the United States for that purpose.
When the contract shall have been executed by the State bank, you will forward the enclosed letters to the collectors, at Bridgetown, Burlington, Great Egg harbor, and Little Egg harbor, who have heretofore deposited the money received by them in the Bank of the United States.
You will continue to deposite as usual, in the Bank of the United States, until the thirtieth of this present month of September, inclusive.
You will keep a copy of the contract executed by the bank, and, from time to time, advise this department of any thing you may deem material to the public interest, connected with the change of the deposited.
Your obedient servant,
R. B. TANEY,
Secretary of the Treasury. To JAMES N. BARKER, ESQ.,