Remarks of Mr Porter of Louisiana On the Removal of the Deposites Delivered

Alexander Porter

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Sir, the charge has just as much foundation against the Bank in New Orleans as against the mother Bank and its branches in other cities of the Union. Whenever we go into particulars, and can get its enemies and accusers to descend from empty generalities, and investigate facts, the utter want of all foundation for their accusations instantly appears.
While on this subject of the bank in our city, and its accommodations, I cannot help lamenting the deplorable inconvenience to which the mer- chan...ts of New Orleans, and the whole commerce of the Western States, will be exposed, by the breaking up of an institution which has so much facilitated the operations of trade, by the purchase of internal bills of exchange. The Senate, I am sure, are not aware to what extent its usefulness has been carried. Through all the States to the West, and particularly those of the Southwest, a large proportion of the planters and farmers require advances in their crops, before they can be got ready for market.

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