Richmond Palladium (Weekly), Volume 8, Number 10, 17 March 1838 — Page 1
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t0L a.. 7 i ptf.HOIXOWAY &, B. W. DAVIS. SATURDAY 3IORNING, MARCH 17, 183a VOLUME VHX. JVUnBER 10.
It.
-UNAVAILABLE" FUND3.
I lot be Feb. 28, 1839. crt ra tf Secretary of the Treasury, u information in relation to Balances
"Zriai Dep ' Bank, Collecting Oficerr, nt Bonds, and Depreciated Bank
ftaiscsv DjfATiiT, F. 27, 1838.
m fi Allowing report is submitted in eotnK: r v;..i , ik. If,-...,
.imm on the 10th nut., in these
Mcbeit Tint ,ne Secretary of the Treatfeaiestev to communicate to the Houae-
-lit Tbe amoant of balances against all 1,4a which have been used depositories that ZmLt secured, or will probably be lost, adding rLw toe estimated loss that has occurcd by JJ. an public account depreciated bauk
t of balances airainst all
kiads of eoWectini officers which haa not been MCjred, nd will probably be lost. xtf amount of losses which has accurti through fiifures in payment of duty bonds." b aaswe' to the first inquirey, as to "the a--MSjt t balances against all banks which have ties used as public depositories that is not so maaf will probably bo lost, adding thereto the tUMiaif loxs that has accurcd by taking1 on
account depreciated bank notes," I would " jff-' that it is computed those balances so fj
Itsteiil be about $i,tiu.tiiHf,anci me loss oy tajafinck notes c bout $3,500,000; making, in the Imegite, $6,580,000. Thi. is without tho additiosj of aay interest, as are the subsequent ilatcments. If interest wns cast on the above mat, tha aggregate wouM exceed 13,000,000. Tin data on which this computation rests are, that the nominal balances against banks that have been public depositories and in default, aro now,
.K..h leludiniT wiiai stanus i inc cremi i
From the 111. Sangamon Journal. Lost Tow.isair, Jan. 20, 1S38.
Dear Sir: About four years ago last June, I settled in what is called the Lost Township; which name arose from the circumstance of the loss of the surveys, and in consequence of which the lands in these townships had not been
brought into market. 1 selected a place which pleased me, and made the title safe by pre-emption. My. location away from mail routes and not
offices prevented me from obtaining the news
papersso that for the last four years I have
known but little of what has been goin on in
the world, and that little has been picked up in
conversations with those who have had but little more access to the fountains of knowledge (by which I mean the newspapers and public docu
ments,) than myself.
V hen I left Tennessee I supposed that the
principles of democracy were well understood by myself, as also the policy that was to govern the administration of Gen. Jackson in reference both
v our Foreign and Domestic concerns. I was,
1 1 regretted that we had meddled with politics; and yet I was anxious to see a little moonshine in the
matter, and to understand the present condition of things. My friend remarked that I was behind the times that the democratic party bad taken a new view of matters, and had adopted some net, principles;
that the Banks must be put down; they made the
people extravagant; poor men would borrow money out of tbetn, and bv this means get into debt. He thought Mr. Van Buren was the greatest man that ever lived in this country and he was pledged to carry out the principles of Gen. Jackson. I was more lost than over; and we quit the sub
ject. 1 could not understand for nay life what my
triend was driving at. I knew that 'principles never changed,' and I thought it was best to say no more about it then, but find out the mystery
some other way. When I went home Susan said to mc she had something on her mind to tell me. She said I must know she had always been a prudent, saving woman; she didn't believe there was abetter or more prudent house keeper in ail 'the Lost Township. I encouraged her to go on. 'John,' said she, 'is getting to be a strapping bov, and who
j kuows but the people one day will want to make : it.: . . i . l 1 :
TWENTY-FIFTH CONGRESS. FIRST REGULAR SESSION. MR. CLAY'S SPEECH, In the Senate, on the Sth February on the Sub
myself, I supposed, a democrat, and revered the doctrines of the democratic part v as set forth in
Mr. Jefferson's Inaugural Address. I had never njm a SqUire or send him to the legislature, and in
aspired or desired ottice I believed mat mere was more true enj ymcnt to bo found in attending to the honest and laborious pursuits of the
armor, than in the use of all those ar'ihces and
expedients which arc required to obtain offices
or honors, and which ljl been led to believe generally ended in tholoss of happiness, if not of property and multiplied vexations. Hence it required no great self-denial on my part, to give up politic for a brief period, and to attend to what more intimately concerned my real happiness. Sitnc weeks ago I said to Susan which is the
name of my wife, 'Supposing,' said I, 'as soon as
have I risen to express my opinions upon any pub lie measure, fraught with such tremendous con
that case ho ought lo know what is going on in (sequences to mo weuarc anu prosperity m tne j ourfvjj0ie, c;t ::enl,; nd it must b adm 'tted In all the world; and I think my daughters, too, ought I country, rnd so perilous to the liberties of the thiU it has fti!c(J in lh. greit eoj cf establishing to have a better chance for informs tion than they people, as I solemnly believ e the bill under con- ju limf()rm anJ s ound currency, now have. I sav (sho continued) how you was i sideration will be. If you knew, sir, what !ccp- j ...7 , . . tfU19tan ' if .,. :,.:..
put to it with Cousin in your talk awiiiH":Mu,"5ll""'""u t "js "-UBl - j"-1
banks and democracy, because you didn't Know nu .u . the Government, submit tj the triad o,n of the
Legislature, m hetiicr a national one, founded up-
country and Congrers, conscious of tha valua I safe and sound uniform currency, conscious that such a currency had been eminently suppliad by the Back of the United States, and unmoved bf all the outcry raised aaiost that adnairabto insti ut ion, the re-rhartei comnnndew larga iijari tics in both Houses if Congress. Fatally for tb interest of this country, the stem seli-will of General Jackson premptea him to risk every thiaf upon its overthrow. . , On the 10th of July, 1533, the bill wasretm cd wi:h his veto; from which the following extract
is submitted to the attentive consideraUsa of Urn Senate: "A Bank of the United Sutes is, ia mail v respects, cunvcuicnt for the Government and. useful to the people. Entertaining this opiaioa, and deeply impressed with the belief that some of the powers and privileges possesstnl by the existing bank are authorized by the constitution, subversive of the rights of the State, and dangerous to the liberties ol the people, I felt it my duty, at on early period of my administration, t call ths attention of Congress to the practicability of organizing an iirslitution, combining all its advantages, and obviating all these objections. I sincerely regret that, in the act before me, I can perceive none of theso modifications of the bank charter which arc necessary, in my opinion, to make it compatible with justice, with sound policy, or with tha constituti n uf our country." "That a Lank of the United States, competent to do all the duties which may be required 1V
i lion is cceaieu eseiiiia.i in tuc usrai operation? cu : iov eminent, migut oo so vraaucu
tabllsh the first four, Ishail adduce evidence of the highest possible authenticity, or ftcts admitted or undeniable, and fair reasoning founded on them. And as to the last, the measure under consideration, I think the testirnony.intrinsic and extrinsic, on which I depend, stamps, beyond all doubt, its true character as a Government bank, and ought tn Parpr tf nun ? rf f 'iml. t!i rnnt'iitmn
Treasury Bill "establishing a deliberate design, j ttnich I entertain, and in which I feel ncrfcctlv
onthepart of the late and present Executive of the confident the whole country will share. United States, to break down the whole banking j 1. My first proposition is, that it was the delibtystem of the United States, commencing with the erate purpose and fixed dcirn of the late adminBank of the United States, terminating with f ie ! j;trati ,n V Gov ernment bank a . , , i . Ireasurv bank to be administered and controlState Banks, and to create on their ruins a govern- J !ed bv the Exec.Jtive Department. To establish ment Treasury Bank, under the exclusive control 3 truth, the first proof which I otibr is the foilow-
of the Executive; and in reply to the Speech of ing .tract from President Jackson's annual MesHon. J. C. Calhoun, of South Carolina. I s"?e of December, IS20-. The charter of the bank ' of the United States expires in 1S3(, and its stockMb. CtAY rose and addressed the Senate s holders will most probably aoplv for a renewal of follows; I have seen some public service, passed , thcjr priviIege,. In order to av oid the evils rethrough many troubled times, and .ftcn addressed l sllting from precipitancy, in a measure involving public assemblies, in this Capitol and elsewhere ; ; ,,,lcb important principles, and such deep pecunibut never before have I risen in a deliberative bo- jarv intere!?1.., I feel that I cannot, in justice to the dy, undcrmore oppressed feelings, or with a deep- par,ic5 interested, ton SOon present it to tho leger sense of awful responsibility. Never Leiore j j,ititure an,j ,he people. B th t!ie constitutional
ity and the expediency of tho law creating this
bank, aro well questioned ly a large portion of
libursin officer, about $7,000,000. Of this j wo get our hogs off and corn pulled, we should
iciin near $l,"lo,trj slan ts against old ian Jepr9ltxi,t&foo rosid ic against recent ones. Tm lit to tho Treasury by taking depreciated nf 1914, 'l.'l( and '17, ii .niateJ at quite $00,00()i); an.l th:ro is n w mi h m 1 of
iich note, then received and never pari away r
in ike a visit to our old acquaintance, who lives
somewhere near Buckle's Grove. John can take caro of the cattfe and haul the wood, and Sally nn I Ann arobi,; enough to keep house for a week or twr..' Tii? oM I ulv's countenance brightened
p, and she gave me one of her sweetest l:xks, as
mote "ful-; in i' h as to say, you compliment my daughters ! tae lne newspaper!
eafecfwf. awit sv)J:Ml more, as is
detailed in a report to th; Senafo trom tins as you ougut to d: mey are mv own urmging up ; Ikartnicntjtnade the first instant. These con- I and she remarked, 'Sally and Ann can get along f eves
ritite n aggrrgate of 8 rJ,"SO,000,
leful.'ow ing c'ci'tiftit.ns have been in
what the democracy had been doing for the last ! piorca iivinc assistance to strenginen aim
four years, and who had made democratic princi- j tain me in my opposition to it, I should havecredplcs change sinco we 'had como to the Lost Town- ; it with you, at least, for the sincerity of my conKt.: i victions, if I shall be so unfortunate as not to have
What was cominI could not imagine; but Su- 'your concurrence as to the dangerous eharacterof
san had such a knowing look, that I knew there tne measure. .Ana i nave manKeu my uoa mat
was sometning gooa at tue doiioiiiiu 11; su aiu i, j , - -- , prcsect
nuscc,' in my mna wav, -uw speuit u out. - - . She said, she had taught her daughters to make ; country, against an object far transcending in pcrthe best butter in all the country she knew it nicious tendency any that 1 have ever had occait was as sweet as a rose, not a speck in it, and , ion to consider. I thank Him for the health lam rnllnw troM nnd she said she thought as : permitted to enjoy; I thank Him for the soft and
how. if I would aTee to it, S illy and Ann should ! sweet repose which I experienced last night; I
in iko up a pot of butter in their best way (giv- j thank Him tor the bright and g! ing me a nudge) and send it to the Printer and I shines upon us this day.
out lie credit of the Government nnd its revenues, miht not bo devised, which would avoid all constitutional dilTbuItie?. and, at tho same time, sc-
A i .1 . cure all the advantages to the Guvernment and God that . . . , -
tnc country mat were cincciuu to ic&utiroii inc
bank."
This was the first open declaration of that im-
placable war against the Bank of the United States j which was afterwards waged w ith so much ferocity. It was the sound of t!ie distant bugle, to ! collect together the dispersed nnd scattered j forces, and prepare for battle, Tha country saw ! with surpriso tho statement that "ihc constitu
tionality nnd expediency ol tin; taw creating tins
loriu'js sun which
usan never
j It i3 not my purpose, at this time, Mr. President, b fc ar'c u qaCstioned by a li.rgo portion of
looked lovelier in rny to jjo at larjro -into a consideration of the causes
You mav denend I did not obioct to the I which have led to the nrcsent most disastrous state
j very well, an I I have no doubt that John will take j proposition. She thought the paper would be use- j of public affiirs. That duty was performed by ado from ; care of the cattle nearly if not quite as well as his i fu to ner daughters, (I don't know why site calls j others, ;md myself, at the extra session of Cjh-
us'siacd by th'j recent f.ril ires of banks that ver pjblic depositories. I it supposing thtj null favorable result, till further rxperis-nce, I aire crtn slider rd it proper to miko no cst'un iti that any lo-s will h ippju in thecal from the-n;
anJ I hive commuted thai only about $ 1 ,000,0. tO
! them so particularly,) to John, who sho thinks irress. It was then clearly ohown that it sprung rtcd on horse-j niay become a squire and perhaps p to the lo- from tho ill-advised and unfortunate measures ol Somehow or ' rrisiature, and to me, because sho thinks I ouht executive administra'ion. I now vvi'l content
ititdtlTicult to tle'-i 'e what losses will he j tutlicr.
The thing was settled, and we start
b;tck tho day before Christinas
other folks feel more in the humor of seeing their ; ... ,indrrstand how 'nrincinles clnnire.' So .Mr
frii-nd, at that tim, and are better prepared to printcr? please send me the Journal by the way entertain them. We made fine progress until we ,.e n,t I w;i come down i:i tho s'nrin? and
bring you a pot of butter.
our fellow citizens,' when, in truth nnd in fact, it
was well known that but few then doubted the constitutionality, and none the expediency of it. And the assertion excited much greater surprise,
tint 4iit must bo admitted In all that it his failed
fringe upon our own delegated powers, or to the
reserved rights of tha Statos, I do not entertain a doubt. Had the executive been called upon te furnish tho project of such an institution, the duty would have been cheerfully performed. In the absenco of such a call, it is obviously proper that he should confine himself to pointing out those prominent features in the act prcscntod, which, in his opinion, make it incompatible with the con stitution and sound policy." President Jackson admits, in the citation which
has just been made, that a Bauk of the U. States is, in many respects, convenient for the Government; and reminds Congress that ho had, at an early period of his administration, called its attention to the practicability of so organizing such an institution as to sccuro all its Advantages, without the defects of tho existing bank. It is perfectly manifest that ho alludes to his previous recommendations of a Government a Treasury bank. In the same message he tells Congress,
that if ho had been called upon to furnish the pro-
came to a large gully, which had been cut out by
. . .1 t C C t ! 1 . 1 ' 1 1. n . . - ... .. .... I . I . til I ... .a. an rrmn rr ilii il" n
Will OS lusT IV tnc mi i.mtire ni n.Jim uem'r mo .ni. mm n .-... ... tjrie. Thedita r.re so few and imperfect that f Susan' horse slid, the saddle turned, and she aathi ii has been nddi-d f r any d irntge- which I c.-imo clT. No groat harm was done; she only
hi4 rcntlv been sustained by the United l spilled two or ttirce quarts oi nazie nuts sue was
V,ut4 Ctmnany of its othVcrs r creditors having tukea on public account depreciated notes. Tfte whole nam to bado ! icted i?, tiieref rc, $ ,- 000,000; letting V.M i,s ajrgrpgafe of tli loe pron'o-islv R i t tt)ivl from the soirees ucnrined in the nrt bratu hof t!ie resolution. Ia answer to the so -on I inquiry, ns to "tho anrxint of bj'iiircs :tgumi? all km '.s of collctin officer whi libtj ti-'t beou ecired. stnd wili prAiblybe I :f," I b we, after careful examination, compufed In it it il' not exceed from $'.M)0,009to$!,"JOO,OOO. From the long period covered hy thiso balances, connected with their ttX a'umbcr, it m ut bo obvious that tho amount which has been wholly I t rannot, in many cace, be ascertained w ith accuracy.
Blithe data fr this estimate are as fodows
CHURCH BELLS. k A writer in the Philadelphia United States
Gazette informs us that thero are now in this city
mvself with saving that, on the 4th day of March,
IS'Ji), Andrew Jackson, not by the blessing of God, was made President of these United States; that the country then was eminently prosperous; that its currency was as sound and as safo as any that a peoplo were ever blessed with ; throughout the wido extent of this whole Union, it possessed a
uniform value; and that exchanges were conduct-
in the irreat end of establishing a uniform nnd !crf of such an institution, tho dutyould have ... ....i. f t , 1. - a 1 .
hcen cneeriuiiy pcriormeu. 1 nus it appear w lie had not only settled in his mind tho general principle, but-hid adjusted the details of a Go
vernment bank, to be aut jectort to oxeculivo con-
1 sound currency." In this message, too, whilst a dou!;t is intimated as to the utility cf su ' h nn in
stitution, President Jackson clearly first discloses his ol jct to establish a national one, founded up
on iho credit f the Gov ernment and its raven- jtrol; and Congress is even chided for not calling ucs. His language is perfectly plain and uncfjui-; upon hiui to present them. The bill now under vocal. Such a bank, founded upon iho credit of I consideration, be vond all controversy, is the very
the Government and its revenue?, would secure
all tho advantages to the Government nnd the
1 1 . i : ; .... "" r V-, ' : in the nublic stores, about .eventy bells, ftom the ! CJ sat" rcgu.ar, y au (-rnt-u,,,,, i .i ...uo , countrv ,,e telis U3 ,i,lt wers expected to rcsujt j President, that yo must now concur with
- ,nv' n. rulirrhM of SoHinall of excellent : c?w Uc transmittea trom one extremity ot me , bank. considering the first nronosition as fully
! t nnffS to riliis soon; anu oy gotxi managcmeni, ........... I n;o:i to tho other vilh the Ioat noibIt rik or 1 r ' j t . .1 1 1 t .,..r S.e iK. Iu!rr w;;;.. Sh i, rt:,t I tone, and tor sale at exceedingly low prices. He ? oUl"' . J1. PS ?r ! I his annual message cf tho ensuins year, ths j ed. I pass to the second an I third, which,
h .vr. : ivr, ihe followimr account of their history. wgg " j .. n. .,.,r. .r iho account of their intimate connexion, I will
woman, ami it was quite u tuMt. .wt u.,u ; a- - 'nnr. ! ncss o the country, it remained tor several years, - ""V , - . , ioi al. wondorfollv well : for I koot caution- Don Carlos melted up the brl.s into cannon,; - ,,mff(1j.min, tx.l prmciiilcs involved 111 the inquiry, hcihor it wilfj der togetner.
I i,,.r h..r tT. nr..f.rv hVr b .In nee because I was ! aI,,J the Queen s government sold them in many . , :;,', .,,! be proper to rechartcr the Dank of the U. States f t. That, with the v iew of establishing a
..r...;i.i,..,l....iif, I i.ttn ih . instances lor old copper, it is w cu Knot, n inai me : . , , . .. . . , rpn.iiroa that I should aaiti call the attention of ! ment hank, it was ih.v ftnttlrd aim and
cncfOGcrii! t t 1 1 o ivori ri r:ivv r. 1 iiinr inr w inn n - 1 - - -
1 nroicct which he had in view, and is to consum
mate tho work which ho lcgan. I think, rur.
me in
maintai-
en
C0U91-
cr.ni r f rsc i 1 ! .a m ! soiil as n 11 rnrmfir bv or, pr
i of the Spanish government. An American gen-
. L.. II II . 1 . . it . . t ... . I . . . 1. -
of lxHliiiv ' ai'anisn oeus are unions iou iuicm, o imi uiu uhlji, v..ii r.,,l ... fr;n.l r, .., r.-st in the world. Large numbers of these bells were
r V ' I i ij ioiiii i ooi aav yiiiv - ; roiisin lo 8 ian sister Ii'is! uuL who was killed
. . ... .1.- i .o ... i . I tleman at Marseilles last winter purchased about
i .i.iii't' i ; ii'i i i : lvi'rtT iMiLti hi t-u iir: iii.mu us ii
good stew, (for i't was a littlj coldish) and in less j sixt.v of them which were
,un i...irn.. i... .r wr., o i,,n,r nnv uiu i them to .vow lork tor the n
lliuil ill tin v- o aaLf'v mr w j i t I l it .i r- - i- .n.o iho. n. on account of their superior tone and finish
con io uc among incir iricn,.?. e lunuu uvvi . --- ., 1 nrci nn to
tho times that were iron-, when wo frolicked and ..v.. w... ...
Govcrn-
in tent ion
needless to describe as it is painful to contemplate. ! l" !csscn in an-v dPfc0 ,,,'e crs which many j banking system of the United States, as existing First f.-!t in our "mat commerci il marts (;;,rc ; "l ur citizens apprehend from that institution, as ; in the United States w hen that ndministration
and embarrassment have penetrated intotl.e inte- ! at Prcscn organized. In the spirit of improve- came into power, beginning with the Bank of the
. . . -,tl
litUlit. UIILI V '-.iil; I W IH..II
perfect, and shipped f and no.vv Pfvadc almost the enti purpose of preserving II ha9 been justly remarked by one of I ' .,. .,u fin,,u i est and most practicable writers that I
The aomiaa, amount of such balances is about sported on the banks of Bear and Duck Creeks, . the custom hoi.se as old copper, wh eh was e
re Ciiion. ; , .... .. .. , ' - .
the sound- cuniry nnu iim nisisiuiiony, n uixwnrs uj o i- . . . 1 nnip- jrtrthrr it is not nnxxifle tn secure t'ir. ad-
practicaiilc writers tint 1 havo had j , . ... .
,. ... . 4...M i; : rant jscs attoraeu oui tc present oa:iu; urovgn ij
i . . . i c . . agency of a Hank of tic l nitetl Mates so moilihcirculation and commerce of every country must ' . J ... , . . t
$1500.0m. Sjho lutiw of most of them, I ito ns . and to! I over our mad foolish pranks with the girls
Otrtabor, 1S.17, with certain explanations, may be at that time. B it the recollections wdl even ma in a report tn the Houso of Representatives, I weary , -the varc always accompanied with thoughts nwdsbvlhw department on the 15th January j of friends depailed may be to distant scenes,
fused, and the bells were placed in tho Custom
House stores, subject toaduty of 23 per cent, on tho cost. The consignees of the bells have received orders to sell them at cost. One of the
Iwt; sod another, with one detailed explanation, is where wa shall never again behold them, or, j e preparing, in conformity to n resolution of, more probably, to the deep solitude of the grave! , c,lv ins Seaate. Vissc I tho .th int. From the j I could not but notice, that the same thought or j nn(i
.....,. - - ....i..,:... :.... !
I . .. r .1. ...... . . . i . rt g , . t. I Jt il ,y i't lit- ..it fc- j t-. vu,it. vvuu.t.M..v..
U.'lill.liu ill uu ipi;i .llioiia oi mu vjiov ci iiiot;ii i, i . - or in the mistaken views and erroneous measures j anJ othcr objections. 1 of those possessing the power of influencing crcd- It is thought practicable to organize such a it and circulation ; for thev arc not otherwise sus- bank, with the necessary oilieers, as a branch of coptible of convulsion, and if left to themselves, the Treasury Department, based on tho public iKrur trill ii-l tiifi nu.n nr r rtrA t7, i w nai rlv 1 1 IclfltJ individual deoositcs. without power to make
'""J " ' ' : . . '
United States and ending with the State Banks.
3. That the attack was first confined, from considerations of policy to tho Bark of tho United States; but that, after its overthrow was accomplished, it was then directed, and has since been continued against tho State Banks. We aie not Itound to inquire into the motives of President Jackson for desiring to subvert the established monetary and financial system vtbiclt he found in operation, and yet sonic examination into those which probably influenced his mind, is
hole amount, thero should first be deducted a
Ha tut what h is been ascertained to be probably waited or paid. This ranges from $ 1 ,000,000 to 11,150,000.
0( tho nominal balances, a further sum, equal
to sear $190,090, has never been put in suit; aJ, in mvst cases, thi is believed to have arisen &ura a knowledge that nothing would appear to be due when the vouches wero all offered, and
ths aUowaoces made which were considered legal
incident, which would animate the countenance
and brighten the eye, would pass away with a sigh from the heart. All subjects which might lie supposed to interest, were made matters of conversation. Politics, at length, came up in its turn. I remarked to my friend that Gen. Jackson had done well in putting down the Bank it was ton great an institution: and that in creating a great many new Banks,
and putting the public moneys in them, ho had
oldest and most experienced bell-founders in this
t - m,- i . . i
says they are such as cannot be made in this i one uniform stream." j f Purchase PP".' r not without utility. These are to be found ie hi.
countrv or nrobablv any where, at this time; that Yes, Mr. President, we all have but too meJan- ,U,1US, w " ' yM - , peculiar constitution and character, jus egotism country or propaoiv an v iicrc, at tuis unit., iiiai , , ,- ' mav he n.nd. .f thought advisable, bv allowing n,i ..;,- n-nmn,A K;m . ..!.;. ! u
the tunes are inimitably bcautitul. and that one cnoiy a consciousness oi tnc unnappy conuuion , . - . ',,,.. I . ..'
r.i... u-il. ;k: inn l.. ,v, i nfnnr r-nonfrt Vr nil foo well know, tht ri'1"1" "J "'-"SM-r'":
vt "vjav " . :.",.. L. . :. . J ;" dividuals. at a moderate premium. ."Not being a
J ,.aKMS v e-knA a nrl n n liiv . Tl'llllf Tt wm I rra 1 i a rl T It life I loH noi ni PC !1 FM 1 I'lllllliVP. r a
ijnvvv cri auu ni 11 iv vtuaiiutj
ndj ist. Ia several of the case?, also, in which ; shown great sagacity. I said that the General
tat debtors are reported as insolvent, and the j had satisfied tbe public that the Mate Bank" syscUims entirely lost, tho latter are larger in a- tern was what was needed by tbe people, and that
bell I noble and gallant ship lies helpless and immove
weiphinf 300 pounds: the bells are in perfect i able upon breakers, dismasted, the surge beating
preservation and weigh from 100 to 7000 pounds. I over her venerable sides, and tho crew threatenThe consignees have received orders to seethe ; ed with instantaneous destruction. How came bells at cost;this with duty inclusive, will bring ' she there? Who was the pilot at the helm whm them somewhere between 27 and 30 cents per ; she sUanded? The party in power! Tho pilot
pound. Persons desirous of knowing more of the i was aided by all the science and skill, by all the i . . 1 1 . . -i l
bells, or of purchasing one or moro ot tnem, mav , cnaris ana instruments oi sucn aisunguinea nav-
learn anv particulars they wish, by directing a j igators as Washington, the Adamses, Jefierson,
his will; to change, to remould, and retouch every ihirv Ifroicn thn nroscriolion which charaefe-
corporate Iwdy, hav ing no stockholder, debtors, rizod hi administration, tho universal expulsion
; and property, and but few oliicers, it won !d not ; frotn office, at home and abroad, of all who were
be obnoxious to the constitutional objections not jevotcd to hhnnd1 the attempt to render the which are urged against the present bauk; and Executive department of Government, to use having no means to operate on tho hopes, fears, favorite axprcssion of bis own, a complete "unit.' or interests of the large masses of the comma. Hence his seizuro of the public deposites in tbe nitv, it would be shorn of the influence which j3nJ. cf he ijnj,e(i States, and his desire to unite
letter post paid, to Messrs Fitch & Co., No. 55
nount than wa nrobablv tha real damaire to the
laited States; as the parties must sometimes fce had equitable set-offs not allowed, informal vouches rejected, or good ones lost, and other defences, which death, accident, or poverty preeated then from offering. . Vader these circumstances, an exact estimate "practicable as to what should be deducted, the fast reasons; but from $100,000 to glia sot considered too much. The We real loss which i likely to happen from wclaaa of officers is, therefore, supposed not to ed Com $000,000 to Sl,200,000. reply to the thirJ i nopiiry, as to "the aaat of kmes which bn accrued through failia vsyment of duty bond," I think it has been far from $8,500,000. It will probablv JJJe betweea that sum and the sum of $C,,S00,-
Tbis result ia mti.-j r ...t n t
.i t i i j r :. .v. txcnanire piace, .tew turn.
Mr. Van Buren-ihat the public money was safe If the bell, arc not sold with.n two or three in these Banks, and that they had contributed!" they will be broken up and sold for old
erea'.Iy to the prosperity of the country
eyes of my friend seemed to open with wonder. I went on, and told him that up to four years ago I had read all Gen. Jackson's messages, and all tho public documents and I could'nt help saying with Mr. Taney that thk system worked well. I said I agreed with Gen. Jackson that the State Banks created by his policy, had made money plenty, and I would not undertake to tell how much" land had been entered, which the President said was the best evidence of the great prosperity of tho country. I saw something was wrong, but could not understand where the wrong was. My friend said he bad always thought that I was a democrat and was sorrv to' find me a federalist! How is that?
II c-iA r.i KnAv hut Ipdf m list Wi-rn in
t j iriull actual icimiti vt j ?iiiu a. iib s-.hv. w ' " - - - BaSjuS unpaid anI ...: t. O ... i r.....ni.nL. iknt flanorJ JirLmn wn9T.iiniit
i mm. villi, UlCll, ( tlllS UillVf UIU i I.I, VI VI i.llllJ .... ...w. ..w.--.- 0 opposed to exceed 7,500,000. Il is the best i all Banks that he was determined to put them
rf"" ble to Kn on the s ww general considerations, without
--iage in each case, as to the insol
-"- oitnose who made and have neglected to j four
Some of the bells are 600 years old, and besides their other good qualities, have the merit of antiquity as a claim for their preservation. Street Charity. A stranger recently arrived in this city from Boston, as he was walking through Chatham street, on Tuesday last, observed a couple of small boys, apparently in the most destitute condition, almost naked, having neither shoes nor stockings, soliciting charity from the passengers. The gentleman, prompted bv a kind and benevolent impulse, took the two
111 . T -. 7 ...K M-i tfi '
ciiiiureit to a enoe store iinu uocu mem iam ...... ,
a pair ot boots, tor wtucn na paiu. .o, ana men
Madison and Monroe; and vet he did not or could
not save the vessel. She was placed inker present miserable condition by his bungling navigation, or by his want of skill and judgment. It is impossible for him to escape from one or the other horn of the dilemma. I leave him at liberty to choose between them.
i .i i t, -..-.i,i.i,
manes uiu uuuk iji iwiuaui, . In this message, President Jackson, after again adverting to the imaginary dangers of a Bank of the United States, recurs to his favorite project, and inquires "whether t be not possible to secure the adv&ntages aflorded by the present bank, thro' tho agency of a Bank of the United States, so modified in its principles and structure as to obviate constitutional and other object ions." And to dispel all doubts of the timid, and to confirm the wavering he declares that it is thought practicah!n to organize such a bank, with tha necessary 1
I shall endonvor, Mr. President, in the course of the address I am about making, to establish certain propositions, which I believe to be incontestable; aud for the sake of perspicuity, I will state
them severally to the Senate. I shall contend i a. - hranch of the Treasury Department! The
1st. That it was the deliberate purpose and fix-! very scheme now under consideration. And, to ed design of the late administration to establish a j defray the expenses of such an anonaalous inslitugovernment Bank a Treasury Bank to be ad- i tion, ho suggests that tho officers of the Treasuministercd and controlled by "the Executive de- rv department may turn bankers and brokers, and
partmcnt. sou bins or etcasne wpiinis lu-inumw .
2d. That, with that view, and to that end, it
the purse with the sword. Hence his attack upon
all tbe y items of policy which he found in practical operation: on that of internal improvements, and on that of the protection of national industry. Ho was animated by the same sort of ambition which induced tho master-mind of the age, Napoleon Bonaparte, to impress his name on every thing in Franco. When I was in Paris, the sculptors were busily engaged chiselling out the famous N., so odious to tho Bourbon line, which had been conspicuously carved on the palace of tbe
Tuilcrics, and on other public edifices and monu-
l: c - a.. arAfA "Ko-itsi rr! K m tv i f"i.'Hr i bv itiose i?ennrs oi irratmcaiiou wo
nin:.iiUr : I wrtm mnlpiPl nofiiln.od ! I hardly kne w ! accompany a noble and generous deed.
venev of; what
took them to a dry good store m me yicin.tv, , was aim ana in.cnuo.. to mlu - " V: . ,v,i..Ki.rt h was brief and somewhat covered
where he purchased tor them n couple o pairs j nanaing system, a, existing m uie. ucu ota,, j - But tho fi ted purposo which
more; having t wnen mat admimsirauon came into power, De-r r . . .. . . .. compe,e d ! e,ins wilb .hck of 4. Cd S,.., and j f'- "'t
officers, as a branch of the Treasury Department. ments in the proud capitol of France. When, Mr
President, shall we see enaced all traces or tbe ravage committed by the administration of An drew Jackson? Society has been uprooted, virtu punished, vice rewarded, and talents and intellectual endowments despised; brutality, Vutga rism, and locoPicoism upheld, cherished, and countenanced. Agct will roll around before the moral nnd political ravages which have been committed will. I fear, ccaso to be discernnble. General Jackson's ambition was to make his administration an era in tho history of tho American Government, anJ he has accomplished that object of hi
,-finn- ho I I troat tht it mill be an era to be
moderate premium: ! T nnnM.1 msi nf th vejf 1R31. unon
AU . . ' - . - . I
r7 theirobligation.
Rospectfullv,
LEVI WOODBURY. . . Secretary of the Treasury. o.JaesK.Pol, J ftker of the House of Representatives.
BiCK'
was
with the whole history of the bank controversy-
the removal of the deposites, and all that, to show that the policy of General Jackson and his friends was to dispense with tho United States Bank and to make new State Banks, to supply its place. I
twooDs B3Jt hot. When the earthquake could not comprehend the strange idea that got
iffecuj "8lroJred ew Madrid, and so fearfully into my friend's head. I knew I was right as to aeetedthe fce of the countrv aloo? the Mis-I what Democracy was up to June, four years ago.
t to sav or do; but I ventured to reply, that morning, in crossing tne rarK towaras tne ru, considerationg cf policy, to th years ago I was certain that General Jackson j OtTice, the gentleman was not a little astonisned ed Stafes. but that. after its in favor of State Banks; and I went through j m seeing the same ragged urchins making the cornpj,shed, it was then direc
im'j
rW. Ih mKiKIi.ai. t l: .1... .1 r ' c? 1 1 l. o 1 . V,., .h.
jj .1 " iantf Hiunir I I I IUU OpC 11 llll 3 : ?.iB&ll liau WilLLIIlU lilt I,UIT CI Silkluu t Fv to 9?0 t0 Mch scceussive shock ran parallel j hadn't put in a word until she thought we had tri"l'jr felled trees upon trees, upon whose, come to the right place. Then she said 'She tr i"j v were secure from the chasms which thought she seed how it was. Democracy now a. a.: noa gpd between them. Appalling wasn't what it was four years ago. It was some-
I thing like the fashions used to be tney changed.' There might be truth in Susan's remarks, but I did not like tho idea, that principles changed. I said, men changed, principles never. She replied. 'She knew men changad, but as fir principles she didn't know how that was.' I understood her allusion; it was an old afEir. la fact, we were all completely lost in a fog.
Ks. SAtYlA nftKsw wnrJrvuHAM aL
jm?n2la(i one 0,d (Mow K for many af rtM"2?rrdielped to supply the steamboats fcJii 1V;7,',iPIi WM hear1 tr -Um in the orth7 s. cn,f terror?, -Com BIM, taint n wtifaj nl 4y p., this j el-s uko ouf axes ijLir-11- wthquake's no great shakes, after
of divtcitKTs fir a itollor anda half more: having I when that administration came into power, be
done which, he went his way, tuliy compensaiea ginning witn tne iwnit oi toe
icn usuauv I enoing wun tue oiaie uau. ;- - , P ...:
: n - aa nrininnx f 1 r t i"'ii mr x j : i' i l li in a 4
Thenext o, TV,-, ,u trrlf waa flrt confined, from';. ".i..r.-i. ,.f .' IVii S4t- i at nrr!nt i banned as sad and lamentable, and not followed
arus the - f. - t the Bank of the Uni-! :-j tr.'i mr linxln mv f.rmsr messa- ' and imitated as suDDlviiiff sound maxims and prin-
Itlie as.onisnea ; j . K,.i !fir i' ni-pfthnw ntici "1 c i t.. J:-l,.. ,r-r'-r that the : r'lt'.pn r.f ntiminiif ration.
I -L "X ia n-.i , vi. " -- . (Tp. inilillV o LIS'-UJO i. i -j... ins martin, tne I 1 :lj ;,- thpn directed, and has since : 7 A tK r,r.r,!n ho i!d be seasonably I I i,,.. t,.. Vnati li t- t.ntra mmr-rihmi to
same pitiable appeals to the public, and ev en n cont;aued, against the State Banks. ! frr to that importunt subject, and that it J orn conisicn which he had with one of theso.
a more uuacu i.uuuiiiuu man uu voc .y when they first excited his pity. Upon asking them what had become of their boots and stockings, he was informed that their mother had taken them away and sold them. Not exactly approving of this mode cf speculating upon his generosity, the stranger applied to the police office for redress, where he was informed by Justice Hopson that it was a case that did not come within his jurisdiction; whereupon the complainant left the office, with a full determination, no doubt, never todo a good natured thing again, as long as he lives. N. Y. Express.
A poor bog-trotter, recently from the Emerald Use, entered one of our coffee house,and be?ed ihem ti give him a Vino to gnaw; f.r said he, I have never eat a devil a bit of moat since I cam from ould Ireland, except a roast potatoe, which I can show ye, my hearty or 'tis in tny pocket now.
. . a J I J C ' ! . !lt-K,IA'i r.f in ft ; 1 . - .1 !. . f V . . fl.lMM
frill ce ccmiuSfBii, O"" uu".t .... 4- -., - - . ctirir.T in5 iiic war, ma cijr ot iow vnow.
r best calculated to promote the enos ot j possible that mav have had some una-
. a - a eWi aA jMiiaa
4th. That the present administration, by its a-; rr.
i i.j .. .Ur. l ; . n .1 t mann
...T. -I i a-a ,i h cnnctit'ition. andsubservo the public inte-, ,ncB v,n h:a mind. The immediate
IHOSI aUineUUC Source-, U3 ai-i.tl.utu uio pun-; ...7 - . - i.. -r 1 r--- - -
ciples, plans, and policy, of the preceding admin- rests - hat were t.oe oau, ..ir. -, more probabiyt was tbo reiusai P'c y i i4i-.an , r r v seen. Tnev were ad- o...- -r.t!o,n. Niea Biddle. to
v erse to the Bnk of the United Stales, as at pre- , t0 tura of the office of President ( Utm New ent organized, that is to say, aa organization t Hrnpshire branch of the bank of the U.S., at the)
istration, and stands solemnly pledged to complete and perfect them. 5th. That the bill under consideration is intended to execute the pledge, by establishing upon the ruins of the late Bank of the United States, and the State Banks, a Government Bink, to be managed and controlled by the Treasury Department, acting under the commands of the President of the United States. I believe, solemnly believe, the truth of every one of these-five propositions. In the support of :hem, I shall not rely upon any gratuitous surnises or grav e conjectures, but upon proofs, clear, positive, undeniable and demonstrative. To es-
ih an independent corporate Government; and
ia favor of a national bank which should be so
instance of his. Excellency Isa Hill, ia tha summer of 1S29, that giant-like pereen Jeremiah Ma-
constituted as to be subject to exclusive executive j ,on gjant i body, and giant in tttind. War and
control. At the session of 1 S3 1, 32. the question of the re-charter of the Bank of tho United States came up; and although the attention of Congress and the countrv had been repeatedly and delibe
rately before invited to the consideration ot it
.miiMi war and "true, ptrsesssl or nation
al foreign and domestic, were tha aliment of the) late President's existence. Wat against the bank, war aganist France, and strife and contention with . countless number of individuals. Tn wars with Black Hwk and the Seminole werescarre-
.. . , . t- it j 1.. iiiu imi r-ir hia VontCloUS appetio!. ADone
by President jacKson nimseu, tue agiiww.. - - - i'L.,n:m w..n4 w.. now declared bv him and his partisans to be made his exit from pablic life "rVf1 precipitate and premature. Nevertheless, the I yengeance against Mexico and the HUt Beaaa.