19 OCTOBER 1833, Page 2

President JA.CKSON has withdrawn the Government deposits from the Bank

of the United States, notwithstanding the opposi- tion of his Finance Minister, the Secretary of the Treasury. On the 18th of September, he read to the Cabinet a long statement of the reasons which had induced him so to act. This statement con- tains very serious charges against the management of the Bank : but it must be borne in mind, that this question is one of party politics, and it by no means follows that the charges can be sub- stantiated because the President has made them. General JACK- SON is indebted for his reelection very considerably to those who expected benefit from his promised transfer of the Government deposits from the Bank of the United States to certain State Banks.