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 He avowed his determination to make the "experiment" of using local banks as fiscal agents of the government. Naturally enough, the banking and commercial world was frightened at experiments, carried on without skill or knowledge and running athwart the financial and business interests of the country. Up to this time, you must remember, the administration had not pronounced for specie currency at all, but it was supposed that the President favored a government paper bank. In his Bank veto message he had said that a charter for a Bank which would have been free from objection might have been obtained by coming to him beforehand. In his first message after his reëlection he raised the question whether the public deposits were safe in the Bank and whether the government shares in the Bank ought not to be sold. In spite of all that had gone before these were startling questions. A majority of the Committee of Ways and Means found the deposits safe. The minority made some strong and undeniable points against the Bank.

During the summer of 1833 Amos Kendall was appointed agent to see what banks could be engaged to take the public deposits. On August 19 of that year the five government directors of the Bank made a report showing the amount expended by the Bank in printing during the campaign, and on September 18, 1833, the President read to his cabinet a paper setting forth the reasons why the public deposits should be removed from the United States Bank. The Secretary of the Treasury, Mr. Duane, refused to give the order for removal and was dismissed. Mr. Taney was made Secretary and he ordered that no further sums should be deposited in the Bank by collectors or others. December 3, 1833, he reported to Congress his reasons for doing this. On December 9, the government directors sent in a memorial to Congress saying that they had been shut out from a knowledge of the affairs of the Bank. On March 28,