8 MARCH 1834, Page 2

The Finance Committee of the Senate of the United States

have reported strongly against the removal of the deposits from the United States Bank; which they pronounce to have been " unnecessarily early, and unnecessarily sudden." The effects of this measure are declared to be disastrous in the extreme. There is quite a commercial panic in the country. Numerous heavy failures have occurred, and money is worth two per cent. a month. If this state of things continue, the funds, which it is said some British capitalists have forwarded to America, will come to a good market. Old President JACKSON is as firm as ever.