Bloomington Post, Volume 2, Number 46, Bloomington, Monroe County, 13 October 1837 — Page 2

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cessarv to the Government of this country. No coim

try having ft mixed currency could do without it. It wns necessary to trust the finances of the country to rome agency. The fate of this bank, established by tho democratic party, Mr. K. said, was extraordinary; nd he proceeded to show the injustice and inconstancy ofthe Administration towards it. If Mr. Biddle lay down, he was useless: if he stood up, he was impudent; if ho sat down, he was suspicious; if he expandud,mhe was bribing the Country; if he contrac:ed, he was ruining the country. If he imported specie, he was specu

lating upon the country; if he exported specie, he was conspiring against the country. In short, whether he passed above or below the President, he equally mudded the water. Mr. K. referred to an attack on the

bank by Mr. Niles, for not exporting specie in 1832, & compared that with the late policy of the Administra

tion in regard to the exportation ofepecie. In truth, Mr.

rt. went on to say, that institution had, by shipping five million of specie, performndan oparation more favorable for this country than ever could be expected from nn institution which had been warred against as it had been. Mr. K. referred to n'l these things to vindicate himfcclfund others who had ulways entertained these opinions of the bank; and not meaning to indicate any course on his part in relation to a bank variant from the opinions of the mass of his constituents, which, when he last heard from them, were, he believed, averse to a national bank . Mr. K. made also a number of remarks in defence of the Bank of the United States against the charge of having ued its influence for politieul purposes. He denied that tho Bank had. meddled in the politics of the country, and he dared any man to piaco his finger on a single instance in which the bank had done so at least before the late President had commenced his war on the hank a war w hich'originatcd in the refusal ofthe ' bank to make its management subservient to party purposes. Mr. K. next referred to the declaration made by Mr. t'.u.m'i .N on a !"oi.er day, tli.u ho would not now take the Bank ofthe Tinted Slates as a bank of public deposite, even us a Suite institution, because, after the war ngxinst i it would give the bank a triumph over the Government. Mr. K. confessed himself shocked by this declaration. A triumph? Mr. I. exclaimed; a triumph again.-t the Government ? What Government? Mr. K.hiid thought that the Government ofthe United States consisted of Congress and the President. But did the gen Ionian meun the government of the Ifmnit-

nnr, or the Government of the II hitc Jtinrt Mr. dwelt on this topic with point and strong feeling.

Mr. K. hereagam referred to the present condition ofthe country, ami observed that the last four years ha J br night more gray hairs on the head of this young and vigorous country, than on-jlit to have grown there, in n quiet anJ ordinary administration of the Government, inn whole centurv. Mr. K. continued to debate on these and various other kindred topics, and concluded by expres? ing the hope that tintc and reflection would tend to bring about wiser views and greater harmony of action on the moincnteous subject; and to give time for this, concluded by moving a postponement of the subject till the first Monday in Dceemler next. After some explanatory and interlocutory remarks hv Messrs. STRANGE, NILU.S CALHOUN a.np RIVES.

Mr. TIPTON roc. lie said the ouestion

! pering with the Currency .and the public deposites by

the Executive of the United States, Our troubles have come sooner, but came lighter than they w'ould have done had the Treasury order never existed.

Mow for the remedy. 1 he bill reported trom the

Committee on Finance, imposing apditional duties on

public officers, as he understood it, intends to cut loose the Government from all banks, and to authorize the Treasury Department to keep and disburse, as well as collect, the whole revenue ofthe Government, dispensing with bank9 as fiscal agents altogether. This policv, he thought, might wnll be questioned ; it would

strike a portion ofthe American People like a shock of

electricity, on account ol the increased patronage and power it must confer on the Executive arm ofthe Gov

ernment. He would not declare in advance that he would not go for it, but he would be slow in yielding it his support; and he hoped that a better remedy could

be tound. lie had never been an advocate tor using a

litter of State or local banks as fiscal agents ofthe Gov

ernment; they contain within themselves antagonist

principles, each possessing separate views, and looking to the interest of their own stockholders; they cannot

or will not act together in transmitting or disbursing

the public money of the united States; and so . long as they are used as depositories ofthe public money, em

barrassments and occasional losses may be expected.

Mr. T. said that he was opposed to taking any course

here that would have a tendency to cripple or to break

down the State banks; the People were encouraged to establish State banks, to keep down a Bank of the United States; they had vested their capital to a very large amount in these institutions: manv of these bank were

perfectly solvent and safe; none more so than the banks of the State from which he came. The banks of Indiana were waiting to see what Congress, the Executive, and other banks could or would do, intending, at an early day, to resumes specie payment, and honestly to redeem all their paper, and he could give no vote to discourage or procrastinate so desirable an object. It was true that the banks had not acted well in suspending specie payment and embarrassing the Government, but we should deal mercifully with them; a single breath from the Executive, sAy ing to the State banks we will no longer receive yocr paper in payment of duties and sales ofthe public lands, will strike fifty per cent olfthe value of all the property of our constituents

vested in these banks, indeed, of all the property, of ev

ery description; and he was not prepaicd to sanction

such a course. In the language ofthe West, give us land office money; whatever will buy land, is as good

as gold is at par in all moneyed, transactions in the

and repel foreign.. invasion, for his insJrfUwie'a&f it was

their voice ne ieu nouna to ouey; it was wierr wisne

and interests became here to represent. If the Exec

utive desires the additional responsibility of keepiag-j

and disbursing, as well as of collecting, the revenue ot

the country,, he now enjoys a under the .regulations ot the Treasury Department Bince the suspension of specie payments by the deposite banks; and he warned

honorable Senators, who like himself, wished to sustain the present Administration, provided its conduct entitled it to the support of the People, to be careful

how they entered oh new and dangerous experiments. If he were bent on breaking dow n an Administration, he wouldgive up to it the unremitted control of the public money of this Government, lie could not vote for the bill reported from the Committee on Finance, but he would vote for the motion of the Senator from Georgia to postpone this whole subject to the next session of Congress, when we shall have nn opportunity to ascertain the wishes of our constituents: it is good for us occasionally to consult the sovereign Pople.

; It is becoming- very common in ahiiost every part Gillie Country, to iesue shinplaiteri. We think a fewAwitf-

ptaiteri would be more beneficial if aptly applied.

TO COIlRESJFOXMSTS. Our friend Ignotus cannot have a place in our columns. Two weeks ago we published a well written piece of prose over this same signature; and we think i: would be doing the author great injustice to publish this badly written article over his signature.

TWEXTY-FIFTII CONGRESS. FIRST SESSION. IN SENATE.

TllEBLOOMlflGTOiX POST FRIDAY OCTOBER 13, 18d7. At an election held in this place on Saturday last,' for Justice ofthe Peace for Bloomington township, Nathan N. Byers, was elected to fill the vacancy of Joseph Baugh, resigned. - - i , Perhaps our friends at a distance, are anxious to learn

the result of the late election for Professors oflnJiina College; and we are happy to inform them that the following gentlemen have been elected permanent Professors to wit: Theofhills A. Wvlie, Prof, of Moral Philosophy and Chemistry; Auuustcs W. Ritek, Prof, of Greek

and French; James F. DoorJ, Prof, of MathematicF; YVm. i R. Harding, Tutor and Principal ofthe Preparatory Department. We will not attempt to eulogize the j above named gentlemen, but will 'oe content w ith s.iy-! ing that a more able and efficient selection of Professors could not have been made. We do not hesitate a mo- ' mentin pronouncing IndianaColIege by far the best in

Tuesday-, September 2C, 1837. ADJOURNMENT OF CONGRES. The joint resolution proposing to close the present session ofCongress on t lie 9ih of October was taken up, and agreed to. It w is also ordered that the dally meeting ofthe Senate shall hereafter be at It) o'clock till otherwise ordered. A NATIONAL BANK The Senate, on motion of Mr. Wkhjht, took up tho resolution reported l tho Committee on Finance, de

claring it inexpedient to establish a National Bank. I Af.cr a debate of three hours, in which a large numIber of Senators took wart, and the rejection -wf several

amendments. The resolu tion of the committee was agreed to-Avcs 31, noes 15. The debate, and the votes on the various questions will l)e given as early as practicable. The bill to remit ilia duties on certain goods destroyed by the great lire in New York ; And the bill making additional appropriations forth suppression of Indian hostilities for 1C37; were severally read a third time, and passed. THE SIB-TREASURY BILL.

i he Senate tln.ii resulted the consideration of the sub-Treasury bill. Mr. MORRIS moved an amendment: which, after

now un

dor consideration was of so much importance to tin

People or the Sta'e which he had in part the honor to rcptcsfnl hcie, that he felt it to l hit duty to claim the indulgence of the Setia'e a short time, w hile he pave his views on some of the topics that at this time engaged the public attention frot iono end to the other of the country. In n time- of profound peace, surrounded, a we thought, by all the elements of prosperity, we arc suddenly arrested in our onward march by a w i le spread desolation, commerce crippled, public credit 'injured, private fortune mined, and the public treasury bankrupt. The late session of Congress had but j'ist closed, the members had scarcely had time to letuni to iheir homes w hen we air sumtnoued to ret rn to Washington to legi.-Ute, the Government out of i diffi udt'e. Mil we I'nl ourselves here in September instead of December, engaged in deliberation on tho mode and manner of reliev ing the distresses of our country. The inquiry naturally uddrcsscs itself to every mind, why is this so What has produced it, A: what i.i the remedy to le adopted? The honorable Senator from South Carolina, (Mr. Cauioin,) when he propos

ed his amendment to the bill under consideration, a fewdays ago, told us that this question should be met boldly and manfully ;to use his own words, let every one (said he show his hand 1 (said Mr. T.) responcd to that noble sentiment of the hotmraMe Senator ; the question shodld be met boldly and fairly; this is a time of deep anxiety with our constituents; there should be no skulking among their public servants; every one should speak freely of the causes which have produced the present embarrassment, and act promptly on such measures as will relieve the People. It w as his opinion that the putting down of the Bank of the United States was the first step to the present embarrassment; the transfer of tho public depositcs from that bank to the local or State banks stimulated there ii.s'itutioiis to-ex: rat ngant issues, far beyond their ability of redemption; they1 discounted notes on the public deposites, extending their lines of discount beyond the bounds 6r prudence: the people in the neighborhoods of the banks, finding that bank accomodations could be had with facility, entered largely into spteuta ions in public lands, town lots, and other property: extravagance in living as well as in dressing inrrcafed their indebtedness; in a word, sir, the whole count iy overtraded, ceased to labor, and contracted debti Uyond their ability to ny ; speculations were uppenn st in the minds of every one. The Executive ofthe United States, seeing the publie domain rapidity exchanging for credit on the books of the hanks, determined to check if, and issued his Treasury order of July 1 1, 1C3G, directing that nothing hut p'M nnd silver should bo received in payment for the public lands. Undr tho operations of this order, those engaged in purchasing public lands had to procure bank paper, draw " the specie from bank and transport it to the land offices; it was no sooner paid into the land olliccs than the receivers of public moneys deposited it ngain in the banks to the credit ofthe Government; thus the indebtedness of the banks was daily and rapidly increasing: the hankers, fearine that the

public deiHisitcs would be called for in metal, became alarmed at their own condition, closed their doors, and

suspended specie payment, thereby putting it out of the power of this Government to pay the public dues according to law, in specie or its equivalent. This (said Mr.T.) is a brier statement of the causes which have produced the present embarrassment arid

i Western States. No matter however old or rainred

paper may be, if it contains w ords, letters, and figures enough to be receivable for public lands, it is as good as gold, and it matters not what kind of money it may be: if not received in the land office, it is of uncertain and changeable value. It finds its way into the hands ofthe poorer class ofthe community; they are liable to be imposed on and shaved by the rich, in whose hands the better currency was always found. This would be the effect on the Western people, if w e refuse to receive the paper of their banks in payment for the public lands; and he left it for Senators representing the interests of banks east of the mountains to say w hat would be itseirect on the interests of their constituents, should the General government refuse to receive their bank paper in payment for revenue; above all things, Congress should establish and maintain a uniform curroncy. Have gentlemen forgotten how forcibly the honorable Senator from South Carolina (Mr. CxLnor.N) described

the influence of this Gevernment on currency the other day, when he said, if the United States would but endorse the note ofthe beggar, it will pass at par? and will that Senator now say to a very large proportion of the People of this country, we cannot receive the paper of your banks for public dues, when by that single act he will bankrupt thousands who have strong claims both on the justice and the clemency of this Government ?

Mr. T.said he would not detain the Senate by an at

tempt to show what effect the measures before it would

rave on our commerce or exchanges; he lell that to a-

blcr hands. He pretended only to tajvC a plain com

mon sense view ofthe mischievous tendency on the in

terest of his immediate constituents, aud to enter his

protest in their behalf against the ruinous consequences that must follow the passage of the bill with the ainendments proposed. He said the course that he had

marked out for himself to pursue compelled him to vote

against the amendment proposed to this bill by the honorable Senators from South Carolina and Missouri

Their amendments, if adopted, look to a refusal on the

part of this Government at an early day to receiving

or using, in the ordinary transactions of tins .Govern

incut, the paper of all banks, and a return to a metallic

currency. I his, said he, looks well ou paper, but it

was impossible, in his opinion, to reduce it to practice

There surely was not metal enough to answer one-half

the business transactions of this great and growing

country. It was on a mixed currency, partly paper issued on a metallic basis, that our country reached the summit of its prosperity, and who could ask more than fa he placed where we were in 1831 ? We would vote for the proposition ofTtred by the Senator from Virginia when it came up. It looked more like preserving the property of the People vested in the

State banks. Let us collect from the late depositories

the public money now in their vaults; biit, in doing so, let us give time for them to pay us without crushing these institutions. This would enable the banks to indulge their creditors, and go far to relieve the embarrassment under which our country was suffering. Ho cared not what these in high places thought he considered the duty of this Government to relieve the People, when that could be done with an eye to public justice. Congress now had the power of relief, and, in his opinion, this was a proper occasion on which to exercise it. The frequent charges thrown out by the late President in his messages to Congress against the Bank of the United States had a tendeucy to discredit it with the People, and we all witnessed its downfall. The constant lauding of the State banks by the President and his Secretary of th Treasury as depositories ofthe public moneys, encouraged the People to take stock in these banks. They grew up, as it were, under Executive favor ; and will Congress now lend itself to break them down T The regulation of the currency, and the deposites of public money, if we intend to avoid embarrassment and loss, should be under laws passed by the joint wisdom of Congress, and not left to whim of a President and his Secretary. If the bills which had passed the Senatt authorizing

an issue of Treasury notes, and that authorizing the

collection from the deposite banks, became laws, he

would glad to see this extra session come to a close, and let us return to our masters the People, and consult

them on what is further to be done. He did not stand here to register the Executive will: h leoked to the

boys of the West, those with hard hands, warm hearts,

the N estern country. It is mainly to the citizen ot In- some conversation, w as ac.yi.ted hv Mr. Cat.hoi-s n

diana that this iiiHinitiou looks for its support. On their modification to his own amendment. exertions depend i's welfare and prosperity. Thry ! The modi lied amendment was then ordered to be

should bear in mind that if thev do not use their utmost printed ; and,

endeavors to advance its interest, its friend in the

neighboring Mates will have but poor encouragement to

assist us. lherefvre, let ever dormant euertv ol the l

friends of literature and science, be aroused in support

of Indiana College and bhc must and will flourish.

Un motion of Mr. L NX. the Senate proceeded to the

(consideration of Executive hi

the doors, adjourned.

i:.e-s, mid, on opening

Sfiinpltulcn. We were ehown the other day, a epeci-

men ol a batch of thinvlastcr$. recently issued bv the

Meters. Howes, Merchants of thii place. We learn the

whole amount issued by them, i about $ 100. The worth of the platten are from $ 1 00 to6J cents. We arc extreme ly

anxious to enter into the businees of issuing $hinplatcr,

and not having the rAnioon bands to redeem them with, we propose (as we have a pretty considerable crop of

cahkngtt this season) to issue the leaves and redeem them

with the stalx and bead of the cabbage.

CONGRESS. Our paper of this week is almost entirely made up

of Congressional proceedings; Aflhe latest dates no bill of importance had finally passed both Houses. The

bill withholding the fourth instalment of thc'surplus revenue from the States, has passed to a third reading in the House of Representatives. What will be the fate of this bill is unknown to us.

Wel'.nesdav, SiriK.?:BK!c 27, 1C37. Mr. TIPTON presented a petition of citizens of Indiana, for revival ofthe pre-emption law. Mr. T. also presented a memorial of the people of Marion county, Indiana, prototing against the conduct ofthe superintendent ofthe Cumberland road and praying Congress to authorize the appointment of a superintendent of the Cumberland road in that State. Mr. PRENTISS presented the following petitio n, remonstiatmg against thtf annexation of Texas to the United States: Of Sarah Barnes nnd 112 other women of Ferriburgh. Of Amy Dakin and o2 other women cf Addison co. Of Amy Dakiu nnd o7 other women of Addison co. Of Abigail R. Hoag and 194 other women of Charlotte. Of Bathsheba Miller and 90 other women of Westminister. Of 200 ladies of Biattleboro'. Of 170 male inhabitants of Brattleburo. Of 173 inhabitants of Topshani. And of Oliv ia N. Billings und 0 1 other women of Bethel, Vermont. Mr. McKEAN presented a remonstrance from sun-"

iVao Deposite Bank.-W'e learn from a Lafayette pa-1 dry citizens of Pennsylvania against the admission of

per that a Dr. Cook w ho arrived in that town a short time since, and took lodgings at a public house, had his trunk broken open, and robed of about fifteen hundred dollars in gold and silver. The thief was in the employ of the landlord. His name is James Warden. He deposited the money in a hollow tree about a mile from the town, for safe keeping; but wc suppose Dr. Cook is a Jackson man, and not thinking the 'deposites safe? ameeting was held, and Judge Lynch was called to tho chair. The Judge presided with his usual dignity and firmness, which soon compelled the Cashier ofthe now bank, to deliver up the 'deposites? This chap must be a Benton man he goes in for the "hard stuff solitary and alone'"'

It is rumored that Amos Lane will be appointed Minister to Bogota. The Junior Editor ofthe Indiana Democrat, has also recently received a foreign mission to the 57e of Matrimony. Wo arc extremely glad that we pre getting rid of all the traih of the country. We hope that time, with all its swelling Hoods may never drift it back upon us.

distress tlrat sunouiid us; it was an unfortunate tarn-! strong arms, who fell the forest, held the plough,

We have received the fifth number of a new paper

entitled the Louisville Budget, published at Louisville

Ky., by J. M. Simons. The mechanical part of the Budget is well executed, and the matter contained in it,

both original and selected, very interesting. If we may be permitted to judge from the number before us, the editor possesses considerable talent. We wish the Budget a long life and hope it may always be well

cramed with lots of fun.

It is said the Junior Editor of the Indiana Democrat

has recently taken a great dislike to Beefsteak. The on

y reason assigned is, that he has recently partaken too freely of the hide of the animal.

We have at length received the official returns of the

vote for Governor and lieutenant Governor of this state. Wallace's majority 8645. The whole number

of votes given for Governor was 86389. Hillis' maj.

for Lieut. Governor 24372.

By Tuesday evening's mail we received a letter

from the Hon. Wm. Herod, our Representative in Con-

gress, bearing date of the 30th ult. Mr. H. is of opinion that nothing will be done the present session to relieve the people.

Texas into the Union. Laid on the table.

Mr. WEBSTER presented n ctition from Flora LisetiaLuna, praying for a iH-nsion for public services. The resolution relating to the purchase of Mr. Madison's manuscripts w as taken up and adopted. THE SUB-TREASURY BILL. The bill imposing additional duties on publ'C officer', making them depositaries ofthe public revenue, to'geth: cr with Mr. Caluocn's amendment thereto being taken "PMr. WALKER, of Mississippi, addressed the Senate between one and two bouts in support ofthe bill. When Mr. W. had concluded. Mr. HUBBARD proposed as an amendment, that the words "1st January" in the bill, wherever occurring, be stricken out, and the ''31st day of December'" bo substituted. This amendment was adopted. The effect will be to postpone the operation of tho bill one year. Mr. BENTON offered as a separate amendment, to insert the follow ing: "That it be the duty of the Secretary of the Treasury to cause regulations to be made for the speedy presentation of drafts, wherever payable, and that if any delay should take place in the payment ofthe same, they may be presented in any other place w ithin the United States The amendment was laid upon the table, and order

ed to be printed.

Mr. LRU I1..ULN then rose and addressed tho Senate about nn hour, in opposition to the bill. Mr. RIVES inquired of the Chair when his amendment would come up, which went to strike out nil after the enacting clause, and to insert as a substitute his bill. The CHAIR stated that the question would first bo taken on the amendment offered by Mr. CxLHor.v, after which, whatever might be the fate of that amendment, whether adopted or rejected, the question would bo in order on JVf r. Rives's amendment. On motion of Mr. WEBSTER, the Senate adjourned. -

Backplasters vs Shinplasters. We understand that a certain Mr. Otto, some where in this state, has recently issued a few backpUuters Wonder whose back redeemed them. Can any person about these t'diggins" tell!

HOUSE OF REPRESENTATIVES.

TUESDAY'S PROCEEDINGS, IN CONTINUATION. After Mr. MERCER had closed his remarks on the bill for the postponement ofthe deposite of the fourth instalment with the States, Mr. RENCHER, of N. C. Mr. TAYLOR, of N. Y. and Mr. BOND, of Ohio, addressed the Committee at length upon it; when Mr. CAMBRELENG expressed the hope that the question might be taken upon the various amendments, and that the Committee would rise and report the bill a to the House. After the fatigues of the sitting of the night before, he felt assured that such would prove a general sentiment. Mr. WISE, said he had voted for the deposite act of 1836, and should vote against this bill. His reasons for this vote he wished to have an opportunity of laying v before the House. He had been much deranged in health by the late session ofthe previous night, and he