Indiana American, Volume 10, Number 10, Brookville, Franklin County, 4 March 1842 — Page 3

AMERICAN. bBQOKYILLE, INDIANA rRinAr, marcu 4, is2. fbe Exchequer. It Mill be seen that the f.jnimittees inboth branches of Congress have -.ported in favor of a National Exchequer. Yehave given our readers a short synopsis of he;c reports. They are buulittle," if any, betft than a real loco foco sub-treasury. We are

ised to all such abortions. If we must have Sub-Treasury, let it be called by its right name. Interest. We insert on our first page the acts of the last Legislature upon the snbject of the public funds, and interest. If we under,nd the law correctly, the interest on all the (aads, except the school fund, is reduced to 7 per cent; but as those laws are the offspring of jloco foeo Legislature, we must confess we tin scarcely understand them; we therefore wish every one to read for himself. The interest on contracts is reduced to 6 per t.ent, and is in dictable,as under the old law, for taking more than 6. We are indebted to the Hon. E. M. Huntington. Commissioner of the General Land Offiice, tor a copy of his annual report,containing maps of all the new surveys in the different States and Territories in the United States. It would i a valuable book to those wishing to enter land. Fire. It was reported in town yesterday ;hat the large distillery in Lawrenceburgh, was destroyed by fire on Tuesday night last. Brookville Insurance Company. We understand this institution has determined on winding up its business. Consequently its capital of between 35 and $40 000, which is now loaned out to the citizens of the county, must be collected, and withdrawn from among us. A large quantity of its capital is owned out of the tue, and owing to the action of those who are uln ars legislating for poor people, it must be taln from among us, to be invested where it is more profitable. We hope those who have opposed this institution with such holy zeal will sow reap comfort in having so much active cap ital screwed out of our citizens. We approve of the course the company are pursuing. After all the noise and pious horror at this institution about its shaving, we doubt very much whether, from its commencement to its close anetts more than an avcaage of 10 per cent, profit to its stockholders. But it seems as tho' our law makers were determined to dstroy everything upon which we can hang a hope for rffef in our distress. I-idiana Treasury Notes. These notes, which tove heretofore sustained a good credit among as, are down! The onslaught was made on them by the Cincinnati Gazette the 23d ult., as will be seen from the article we copy therefrom. Vp to the hour of the appearance of that article, they retained their credit in the city, but immediately fell to 30 per cent, discount. The correctness, justice, or policy of that attack we we not prepaid to defend; nor do we feel at liberty to condemn. If the brokers wished to till their rapacious jaws with the crippled credit Mid currency of our State, they had a perfect right to bring it about in any manner they might choose. They had trampled Illinois under their feet, until they were satisfied. And Indiana may as well be immolated now as two months hence. The brokers are now the superior power In the government, and at their breath the credit of a Stateor abank risesor falls. Ppon this subject, we have not one word of i 'orafort for our friends. The G overnment has abandoned its citizens to their fate. We believe we have only entered the vestibule of the distress, misery and bankruptcy which is in store for u.. Prrmprt v must recede, until the people i j 1 . 'ashed to madness will seek redress in the "trong arm of rebellion. The approaching vis's is dark and gloomy, without any cheering 'gns to raise our droopin g spirits. But we must be permitted to express our as tonishmentthat the Cm. Gaz the paper into hose columns we have so long been accus:omedto look for truth, candor and fair deal-' v u e t i . r i. ing, shoul d so far travel out of the proprieties f We, as to be made the first and continued instrument of this indiscriminate war. They "now some ignorance of statistical facts, but .more of a disposition to attain their ends the prostration of our credit. And they have suef eded. It is but a poor requital for patronage Indiana has extended to. that paper and that oitv. Well done, Faibpield! Another Temperaice Meeting was held in Fairfield last week, en SIXTY-TWO more signed the Temperpledge. The last hope of the grog seller 'defoatpa p. . , . we see it announced that there are eighteen "KHtfond members to the Hamilton county, O., H ashington Temperance Society. This is ""ie amy. Will the secretaries of the different Socie68 m Franklin county forward us the number 11 names who have signed the pledge in their ""peetive societies. Let us see if we cannot

ou as long hxi tu proportion to our puj.ula-,

liou as any comity in the West. Cannot all be induced, in this county, to unite in this glorious ' reformation, that none may be left to advocate j the cause of misery and woe? The reformation fire is spreading philanthropists are re joicing and hell is groaning. J. W. Webb, editor of the New York Courier and Inquirer, was one of thefirst in N.York, who applied for the benefit of the bankrupt law. This is the same editor who charged the members of Congress with being bribed to vote for the repeal of that law. BOTTS AND UPSHUR. j Some weeks since the Hon. John M. Bolts jn his place in the house of representatives of the United States charged the secretary of the Navy, U. P. Upshur, with being an open and avowed advocate for the dissolution of the Un ion. Upshur denied the charge. Botts as promptly proved him guilty, by some of the most respectable men of Virginia, and among the number, a man by the name of Harrison. In Mr. Upshur's rejoinder he objects to the testimony of Harrison, because, as he says, he has been an old federalist. But the last National Intelligencer contains another communication from Botts, which he, in the most withering and an nihilating manner disposes of poor Upshur. In the course of his reply to the objection to Harrison, Botts fixes federalism on Upshur as folio ws: Let not the world be startled when I tell them that Judge Upshur was an old black-cockade Federalist, of the deepest dye. If I were to stop here, I have no doubt there would be witnesses enough to come forward and deny this also. To keep them out of such a scraDe. I will give the proofs in advance. In the year 1823, Mr. Upshur was a candi date, and the Federal candidate, for Congress, in opposition to the late Burwell Bassett, the Republican candidate; and I have taken the following extracts from his address to the freeholders of the Accomac district, published in the Richmond Enquirer of March 25, 1823, in which he says: "I respectfully offer m3self a candidate for your suffrages at the approaching election of a member of Congress, and beg leave to state to you my political principles and feelings." In the course of the address, he says: "My own political principles have sustained no change. They were not hastily adopted, and I have not yet discovered in what respect they deserve to be reprobated. They teach me to love the land of my birth; to venerate its free institutions; to support its rights and promote its interests, on all occasions, to the ut most extent of my power, &c. &c. At the same time, therefore, that my political principles are fixed and unwavering, they teach me that a system of intolerance, founded on party names, is at once unjust, profitless, and opposed to the true interest of the People. With these principles and feelings, I AM A FEDERALIST of that school in whose doctrines the Constitution of the United States was established, and according to which it was administered by Washington." Dated March 22, 1823, and signed A. P. UPSHUR. HENRY CLAY. It is as we feared, not os we hoped. This patriot has resolved to resign his seat, and from what we hear, we conclude, his purpose is not to be shaken. We extract the following letter from the Louisville Journal: "To the Honorable the General Assembly of Kentucky: "WASHINGTON, Senate Chamber, February 16, 1842. "When I last had the honor of an appointment as one of the United States Senators from Kentucky, I intimated, in my letter of acceptance, the probability of my not serving out the whole term of six years. In consequence of there having been two exjra sessions of Congress, I have already attended, since that appointment, as many sessions of Congresses or dinarily happen during a Senatorial term, with out estimating my services at the present ses sion. I "I have for several years desired 10 retire in to private life, but have been hitherto prevented from executing my wish by considerations of public duty. I should have resigned my seat in the Senate at the commencement of the pres ent session, but for several reasons, one of which was that the General Assembly did not meet until near a month after Congress, during which lime the State would not have been fully represented, or my successor would have had only the uncertain title of an Executive ap pointment. "The time has now arrived when, I think, tiat without any just reproach, I may quit the public service, and bestow some attention on my private affairs, which have suffered much i by the occupation of the largest part of my life : 7.y :i ir fi, vptmn I It WAV- Jiuuuv had title to discharge after 30 years service, I, who have served a much longer period, may justly claim mine. "I bes leave, thereiore, to tenaerto me ireueral Assembly, and do now hereby tender, my resignation of the office which I hold of Sena tor, in the Senate of the United States, from the State of Kentucky, to take effect on the 31st day of March, 1842; and I request that the Gen. eral Assembly will appoint my successor to take his seat on that day. I have fixed that day to allow me an opportunity of assisting in the completion of some measures which have been originated by me. "I embrace this occasion to offer to the Gen eral Assembly my most profound and greatful ( acknowledgement for the numerous and distinUUed f by which x have been honored. 0f its warm attachment and generous confia ! dance during a long series of years. "I have the honor to be, &c. H. CLAY." i it won't do for a man to bump his head against ( a stone wall, unless he is completely convinced that his head is tne naraesi.

, l'rullt the Qhiu State ..

STATE CON V ENTION Ti emmdous tathfiing of the People Re-nomination of COR- '-' hig banner again flung to the breeze, bearing for its motto. uTAc Reotiey rights and interests, COR IVIX, a found Currency and the Protection of American industry'!"j'Yet, Freedom, yet! thy banner torn but flying. oireai8 uk ids iunoerciuu against i he wind. The State Convention, which assembled in this city yesterday, surpassed our highest expectations. The Spirit of '76 still flows in the veins of the Whigs, and the Patriotism which in 1840 was kindled into a consuming flame, still burns in their bosoms. The people, un daunted amidst every adversity, are again coming to the rescue, and Ohio, now, as when she rallied under the auspices of the living Harri son, again puts in motion the ball of Revolution and Reform in honor to his memory. l esterday was a joyous, a glorious day. The hearts of the true friends of the country bounded again for very gladness. Men seized each other by the hands, and with swelling breasts and moistened eyes, congratulated each other upon the abundant testimony furnished by the crowds in attendance upon the Convention.lhat the people were still true to the Country and the Constitution that though deeply saddened, and for the moment disheartened, by the disappointments to which they have been subjected, yet in the great cause of" popular freedom and constitutional government they are ready to renew the contest and spend and be spent in restoring to their rightful influences in the public councils of the State and nation, those cardinal principles which can alone conduct this growing Republic along the sure path of enduring Prosperity, Happiness and Renown. Yesterday, too, it was a dark day a day of brooding darkness, gloom, ill-omen, and boding fear to the reckless factionist, who, in the two houses of the Legislature fulfil the behests and record the edicts of that other secret, midnight and irresponsible power existing and exercised none scarce know how, yet seen and felt to be all sufficient for purposes of mischief and evil. They, too, were not uninterested observers of the animated spectacle, for they saw in the spirit which could bring the old and the young, the farmer and the mechanic, the laborer and the trader, from their homes and from all parts of the State, together, at this inclement season of the year, in such vast numbers, on such an occasion, the certain token of their inevitable doom. They felt what they saw.and expressed in their countenances what they felt. The day itself was not inauspicious. A bright sun and bracing air shed their influence upon the scene. Large numbers of delegates reached town on Monday. A Delegation from Pickaway made their entry with banners flying and music playing. Early on Tuesday the different avenues to the city poured in their tributes to the assembling multitude. Licking was out in force the lads of Logan reported a gallant hand and Champaign, led on by the noble Vance, turned out ner scores of stout hearts to beat the funeral knell to Loco Focoism. At ten o'clock a procession was formed on High street, under the judicious direction of Maj. Gen. Sanderson, of Lancaster assisted by Col. C. Runyon, of Columbus, Andrew McAl pin, Esq., of Cincinnati, and Samuel R. Curtis, Esq., of McConnelsville, and escorted by the two splendid companies of German Artillery, of this city, commanded by Captains Jacobs and Ambos moved through the principal streets of the city, with flags and banners, and accom panied by the excellent bands from Cadiz, Har rison county; McConnelsville, Morgan county and Circleville, Pickaway county. A little before twelve, the Convention assembled in the street in front of the Neil House, a stage having been erected for the accommodation of the officers and speakers on the side walk, near the Old Court House. A vast concourse soon surrounded it, not an eighth part of which could have been stowed away in the Theatre where the Loco Focos held their Convention on the 8th of January. Judge James Wilson, of Jefferson county called the meeting to order, and nominated Gen. Joseph Vance, of Champaign county, as President of the Convention. Gov. Vance made his appearance upon the stage, and in a stirring speech of half an hour, roused his immense au ditory to a proper sense of the responsibilities under which they had assembled to deliberate upon affairs closely affecting every citizen of the State. The other officers, as will be seen by reference to the official statement of the proceedings took their places, and the usual committees were also appointed. Gov. CORWIN was then nominated for reelection, by acclamation, the whole Convention concurring without a dissenting voice in his favor. I he unanimity evinced Dy sucn a large and voluntary assemblage of the people from nearly every county in the State, in his behalf speak loudly for the esteem in which he is held and the enthusiasm with which he will be sup ported in the ensuing campaign, by a large ma jority of the People of Ohio. Woman's affection. The following exquisite anecdote, illustrative of woman's undying affection, is from a late work published in Great Britain, stvled "English Maiden." Sir Robert Barclay, who commanded the British squadron in the battle of Lake Erie, was horribly mutilated by the wound he received in the action, having lost his right arm and one of his legs. Previously to his leaving England, ne was en gaged to a young lady to whom ne wastenaeny attached. Feeling actually on his return mat he was a mere wreck, he sent a friend to the la dy informing her of his mutilated condition, and generously offering to release her from her An omrpnipnl "TpII him." renlied the noble girl, that I will joyfully marry him if he only has enough of body left to hold his soui.JAMES E. WHEAT is a candidate for reelection to the office of Constable at the April election. "l HYMENIAL. Married On yesterday, Amos Hannah to Cynthia Mewhinney. Same day, Mr. Archibald Gilchrist to Miss Maria Armstrong both of Springfield town ship.

COA1MERC1AL. INDIANA TREASURY NOTES.

Cincinnati, Feb. 23, 1842. tame cy coing so, not within lheir Our brokers are buying most of the Ohio 8rasP- A e are anxiously wtuting. now, for Bank notes not received in our city Banks at 1 ,nflux of specie. When will it come? high rates of discount, varying from 20 to 50 ,e Were informed th(lt h Franklin Bank per cent. Most of these Ohio banks, which are f c,nc,nna,i resumed specie payments yesbought at these high rates of discount, are those ,ay and that lhe Layette will do the same considered safe, and whose notes will uhimate-! t0 J ' Ther havc '"''"ing of consequence ly be paid, beyond question, dollar for dollar, U . , with interest. t)ur brokers, too, are buying' Pennsylvania Senate by a vote of 22 to bankable notes at one per cent, discount. In n-1'16 VT .the lfIt tion of their Bank each of these transactions, payments are chief-' ' rfluirinS immediate and unconditional rely made in the new issue of Indiana $5 Treas- i sumPliwnury notes. That these treasury notes will be j ... INDIANA SCRIP, thus received, is one of the anomolies of the ' .Inoiana 3 S"ip, may now be quoted, a times. j w,,hut market price; sales are made at dis"These 5 Indiana treasury notes, it will be : coums trying from 20 to 50 per cent. We remembered, are the new issue on the repudi- ca"not sav jhat regret that this scrip Las ated $50 notes of the same character. The! llen' Ilad " con,mul circulate as before, state of Indiana failed to pay her $50 treasury lur currencv ould le been ihieflv .f notes at maturity; she failed to make any pro-1 lIV Jer; ""L "fff1 "f Javln n" 50 division for them; she did not ex n pay the inter-' IV M,e ?hJou,d have had toon 300 or -est. The state, too, refused even to accommo- j '", I date her creditors, by giving S5 notes for the' 11 Tuld naveben disseminated, in small $50. As a special favor, however,she agreed to Parcels ronghout the community, and then, make the exchange of S5's for S50's, provided ' " fel1' as U nH rily would have done, the creditors would throw off the interest, or i 33 soon as lhe lnducement to sustain it ceased, pay as it were,a bonus equal to 6 or 12 per cent and rood currency became scarcer, the distress Thus it is that these So are eettinr Dlentv ! would ,,ave lven far gr"a," han now. We

What security have we that the state, at" the maturity of these S5, will not play another game of a similar kind! Is this the currency tho statV it th i we are to have, under the operation of the new ; law! Such is the kind of notes which is to take the place of our good local bank paper. l,v " ; "And the Indiana State Bank, too, under their I new law, is regularly at work, buyin" up the ' Bank notes, in which specie can be demanded, with these treasury notes which have been repudiated. When she has to resume, there will ' be nothing out to resume on! "The times are truly much out of joint, when such transactions are taking place, and our legislatures at work to make them worse. We have no doubt but that soon, we shall be glad to get even repudiated Treasury notes for circulation." Cincinnati, February 26. The arrivals at the Canal yesterday were limited; the principal article consisted of 93,000 ' ids. lsuik pork, it came to a poor market. Sales of Produce yesterday were limited, and witnout change in prices. We have further arrivals at the river from N. Orleans. The Duke of Orleans brings dates to the 17th. We see nothing worthy of particular notice. We hear of heavy failures at New Orleans and at Louisville. Money Matters were a. little tighter in the city yesterday. The principal offerings were Indiana Scrip and Illinois paper. The Scrip was taken sparingly, and only at 25 per cent discount. We see no hope of its beinz better. unless the State Bank of Indiana will guarantee the payment or receive it. on the same ' terms she would her own notes. Will she do this? She issues the paper, and should give some such guarantee for her own issues. She receives $641,4G6 of these notes from the State; the prior amount outstanding was 1,300,000. Bankable funds are getting scarce. All the Banks are drawing in their issues. We hear of one of our city banks which lias retired $250.000 of her notes since 1st of January, 1842. When resumption comes, we shall have but few notes to get specie on. We hear the Indiana Banks are curtailing too. What with? Gazette, j New Orleans, February 16. i Sugar market very inanimate; quotations of extreme prices are put down at 3a5ic. Molasses has fallen,and sales made on levee at 16a 17c: on plantation at 13al31c. Flour has given way a little, and purchasers have taken about 5000 bbls for export at $5; arrived during the three preceding days 3,199 bbls. Barrel Pork in little request, for new Mess and Prime quotations are made at $9, and 9 50. There is no bulk pork in market, and the article b in demand for city smokers at 3c. New Cincinnati smoked Hams would command 5c. Lard is without demand for export; arrived during three days preceeding 8,265 kegs; sales at 4a5i. Bag ging and Rope only sold at retail; prices quoted at 13al9c for first and 71 a8 for second. Whis key in abundant supply and sales at 16al6 l-2c. Oats 43c. Rio Coffee at auction sold for 9al0c. extremes. Candles, Mould, 8al2c; Beans $2 50 per bbl; Hay$lal 1-8 per 100 lbs;Mexican Hides 9allc; Northern Ale 7 50 per bbl. Western Butter 8al4c; Potatoes $1 25 per bbl. Northern No 1 Soap 4a5c; American Tallow 8c. Philadelphia, February 18. Coffee is in no demand; quotations made of Kio lOlalOj; Java 1 Hal II. The demand for Cotton limited, and sales made only to supply immediate wants; N. Orleans sold at Hi. 2000 bbls of Flour sold for shipment at $6. 12000 bushels of Wheat sold for export. Some Italian Hemp sold at $245 per ton. Hides at 10c, 4 mos. Rice 3 1-2. The Wool market is de pressed and a small lot of Montevideo sold at 10c. Cattle market the offering comprised about 490 Beeves, 212 Cows and Calves, 300 Swine. No return of Sheep. Beef Cattle the offering was principally taken at $4a6 25 per 100 lbs for inferior to prime quality, including 212 head for the New York market. Cows and Calves were disposed of &8al6 for dry Cows, $14a22 for springers, and -$22a32 each for milch Cows. Swine sold at $4a4 50 per 100 lbs. as in quality. The heavy fall of snow near the commencement of this week, in Lancaster county, has prevented the usual supply of Sheep from reaching the market. Cincinnati, March 1. Business for a few days has been very dull this is now the usual report. Saturday and Monday it rained hard Sunday was as pleasant, bright, sun light a day as could be desired. It is ascertained that Illinois money is no longer received in the St, Louis Banks and money offices. We saw no way of escaping this issue. Many persons yesterday were in the itreeu trying to dispose of their Indiana Scrip, but found no sale. It is well that this circulation is blocked now, so that we will have no increase of distress. ' Now, we may say, we have no currency. Small notes are out of circulation. Our law is severe, that the Banks cannot issue or receive

livtes ofunv kind. Uill...i;r ' l.t-.Z ,1 ... - . UUSIII- I ill l oitiimssioners to examine ilu-ir power and see I,!ne M ei nowever, bad as our currency has been, seen nothing circulatina. the parties to which, did not pretend to pay, or even honoraably adjust similar issues. We shall 1 glad to i8 mese i reasry notes pass at their worth; I we c?nnot how'ever see how repudiated scrip, -1 m . - r J " 'unu m ne per tt-"1-annum interest should he worth 98 cems' w 'n tne state bonds at 0 per cent inter1 PaaDieinf ew ork are worth but 18c. . " 18 snPP0 by some that these notes should w B" oecause iney are receivable lor state revenue. We think this not enough to male them so. A large part of the revenues of the State are in small sums, and less than 5S lhe State Treasurer will not make change. The entire issue of the notes is about twomiHioiiF the entire revenue was last year but $459,884, A large part of the revenue is paid to public officers, or for articles of public use. The reve nue of the State, so far as it is possible to pay in thein will be received in nothing else but Scrip. Public officers and public rreditors, cannot and will not receive ihese notes, unless they can use them. The supply being far greater than the demand, and no provision made for exchanging, the discount would necessarily increase. Again. The receipt imo the Treasury of these notes, if they passed, would be, but to pass again thus the amount of the issues would diminished. We have an example of the operations of such a heme. Texas, when her condition w; s nearly i s good as that of Indiana, and with a greater sourreof revenue, received her Treasury notes for pullic dues. The consequence was, that she received, out of near half a million of revenue, but S65 specie; and when she paid her officets and creditors the discount fell, so that the notes passed only at the rate of 8 for 1. She finally was compelled to abandon the plan altogether. Garette. the sound cuuuency : THE Editor of the American will take the foilowong currencv at par. for subscrip tion or advertising, to-wit: juapic sugar, ItXolasscs, Country juinen. Corn, Wheat, Flour, Corn meal, Pork, Beef, Oats, nay,' Flour Darrels, Jeans, VUltMCOR. Hutter. Cheese, Wood, Dried Apples, Uncrt Peaches, uacon, or most any mechanical productions. C. F. CLARKSON March 2, 1842. JOHN D. HOWL AND, Attorney and Counsel lor at Laic . Brookville, Indiana. March 1st. 1842. Administrators sale ofreal estate THE nndersigued administrator of the estate of George Gregg, dee'd, will sell at public out cry to the highest bidder, en the 26th day of March, A. D. 1842, between the hours of 10 and 4 oxlock on said day, the interest of the heirs of the said George Gregg, dee'd, in the following real estate subject to the widow's claim of Dower therein, to wit eleven and three quarter acres of land, situate in the north east corner of the north east quarter of section thirty, township nine of range one west, in Franklin county, lnd. Terms of sale, cash in hand. GEO. W. GREGG. Adm. March 2, 1842. 10-3w Administrator's IN'oticc. "WIOTICE is hereby given that Letters of Administration upon the estate of James Blacklidge deceased, late of Franklin County, Indiana, have this day been granted to the undersigned by the Clerk of the Probate Court of said County. Those having claims against the said estate, must present the same duly authenticated within one year and those indebted must make immediate payment. The estate is supposed to be solvent. HARVEY BLACKLIDGE, Adm. Feb. 12. 1842. 8-3w. Administrator's Sale. THE undersigned administrator of the estate of James Blacklidge deceased, ' will sell at public outcry at the late residence of said deceased on the Connersville Road, about four miles North of Brookville. in Franklin County, Indiana, on Monday the 14th day of March, A. D. 1842, the personal property belonging to said estate, consisting in part of 9 head of hor ses, 20 head of cattle, oxen, cows, wagons, cart, hogs, sheep, hay, corn, fanning utensils, beds & bedding,househoId and kitchen furniture,&c. A liberal credit will be given. Sale to commence at 10 o'clock on said day, when the terms will then be made known, and the sale continue from day to day until the whole shall be sold. HARVEY BLACKLIDGE, Adm. Feb. 12, 180. 8-3w RACON HAM, ale by Ji1t7. Ir41. SfcMildera and eides for R. Ar S. TYNER.

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