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Updated: May 25, 2025
Whether the depositories should be permitted to sell or purchase bills under very limited restrictions, together with all its other details, was submitted to the wisdom of Congress and was regarded as of secondary importance. I thought then and think now that such an arrangement would have been attended with the happiest results.
Occurring, as this would have done, at a period when the country was engaged in a foreign war, when considerable loans of specie were required for distant disbursements, and when the banks, the fiscal agents of the Government and the depositories of its money, were suspended, the public credit must have sunk, and many millions of dollars, as was the case during the War of 1812, must have been sacrificed in discounts upon loans and upon the depreciated paper currency which the Government would have been compelled to use.
Here it may also be stated, that the presses which print the abolition journals above named, throw off besides, a great variety of other anti-slavery matter, in the form of books, pamphlets, single sheets, &c, &c, and that, at many of the principal commercial points throughout the free states, DEPOSITORIES are established, at which our publications of every sort are kept for sale.
On January 3, 1911, postal-savings depositories were established experimentally in 48 States and Territories. After three months' successful operation the system was extended as rapidly as feasible to the 7,500 Post offices of the first, second, and third classes constituting the presidential grade.
Is an argument required beyond the exposition of these facts to show the impropriety of using our banking institutions as depositories of the public money? Can we venture not only to encounter the risk of their individual and mutual mismanagement, but at the same time to place our foreign and domestic policy entirely under the control of a foreign moneyed interest?
In the second place, they knew that these places of sacred seclusion were often the depositories selected for the custody or concealment of treasure; and, besides the treasures which kings and potentates often placed in them for safety, these establishments possessed utensils of gold and silver for the service of the chapels, and a great variety of valuable gifts, such as pious saints or penitent sinners were continually bequeathing to them.
Sulpice, he had ready access to the archives of the Seminaries of Montreal and Paris, and to numerous other ecclesiastical depositories, which would have been closed hopelessly against a layman and a heretic. It is impossible to commend too highly the zeal, diligence, exactness, and extent of his conscientious researches.
Whole provinces of Spanish America do not possess one written document that dates a hundred years back. What improvement can the civilization of nations acquire if nothing link the present with the past; if the depositories of human knowledge must be repeatedly renewed; if the records of genius and reason cannot be transmitted to posterity?
All deeds and other documents must be carefully preserved to be examined hereafter. And let strict search be made for I have heard there are many hidden depositories of treasure especially within the prisoner's secret cabinet."
Now, in Spanish America there are vast depositories of salt both in mines and on plains, with salt lakes called salinas; yet, for want of a proper commercial activity existing among these people, in many places the valuable article, salt, is both scarce and dear. In Mexico dried or "jerked" beef is called "tasajo."
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