Indiana Palladium, Volume 10, Number 14, Lawrenceburg, Dearborn County, 19 April 1834 — Page 2
. Foe the Palladium. " The galled jade will icincc." Mr. Editor: In looking over "Liberty's" first communication, I came to the conclusion that he had the promoaitory symptoms of insanity upon him, and I would advise hi friends to put him in a straight jacket, and confine him till after the August election. I am somewhat acquainted with the gentleman, and know that his disorder, generally, increases as the election approaches, till he will get "in a very bad way.11 Just before sitting down to write this communication, the last Palladium was handed me; j I read the second communication of "Liberty, j which goes to strengthen me in my former opinion. "Liberty" thinks it is but just to compare the tales of Homespun with facts, "and see if they are not the production of some demagogue," &c. So do I think; but where are his factsl for, in the elegant language of "Liberty," the wool is so completely pulled over my eyes, that I have not been able to discover them. "Liberty" seems to think "that National Republicans are not party Republicans." - Now this is only a new edition of the old story, which they have ' told for years, and when they will quit it, Heaven only knows. That they are not "party Republicans," ithe leaders I speak of,) nor any' other kind of lepublicans, is certainly true; but Federalists. It is a well known fact tffat the old federal party supported Mr. Clay for the presidency; but the name of Federal did not please them, therefore they took upon themselves the name of "National Republicans." I felt disposed to use the name which they as a , What shall I call it? it will not do to say party. Ah! it just struck me: well, as I said, I felt disposed to use the name which they as a no party chose to go by. Rut, sir, I think it a wrong, application of the term, as regards some of the no party folks, (let it here be distinctly understood that I believe that there are many of the supporters of Mr. Clay true Republicans,) and I would as soon suspect Liberty unworthy of that title as some others. When I see
.men of information, (I have no reference to Liberty,) after all the testimony that has been adduced against the bank its hostility to the government, &c, still cling to her as they would to an idol, and try to hide her crimes, which she has committed against the American people, and use their utmost power to perpetuate her existence, at the risk of every thing that is or should be dear to the American citizen, I conclude that there is "something rotten in the state of Denmark." Liberty thinks that I should have recollected Gen. Jackson's letter before.I attacked others who believe in the doctrine therein contained. I did not attack those that believe in that doctrine. If I attacked any body, it was those political shufHers, who wish, by intrigue and management, to get themselves or their political friends into office, in spite of the will of the majority. "But sir," says Liberty, "did the result of the last August election, compared with the state of parties at the last presidential election, warrant Homespun j in making such an assertion, or in giving such pre cautionary advice.!' What asssertion, Mr. Liberty! Where was it made! and at what time! please not to be so vague point out the assertion. Suppose I did give advice; what has "the result of last August election" to do with it! If I thought, from present appearances, that there was danger, it would certainly "warrant" me in giving advice, however plain and uncouth, without having any reference to last August election: But, sir, let "Liberty" make any thing ho pleases out of the result of last August election, and I will "toe the mark with him." Liberty charges me with making "palpable misstatements," Now, who will believe him without he makes it appear! This he has not attempted, for this very good reason: he knew he could not do it; lunciuic iiu 13 lug unc uiai loguuijr ui uucaun,tuitiii.n. Again, Liberty says, "Headvises them to do that," in principle, which'he says flatly, "is not fair." No such thing; I never advised any body to proclaim a thing to deceive, and then act, secretly, to the reverse of it. This, sir, is what I said, "isjnot fair," and if Liberty's perception had not have been very obtuse, he would have understood it so. The way Liberty answers my question "in the Yankco stylo," is a " sin to David Crockett." In answer to my question, which is as follows: t4If they the Nationals mean to vote on party ground, why not come out boldly and say so!" he says, "Sir, I would answer his question, in the Yankee style, by asking another. Does Homespun thinkthatmen who believe, that all the officers from the president, down to the lowest township officer, should exercise the duties of their office with a single eye to the duties prescribed for them by the constitution and law, without asking or knowing who voted for them, or who did not, will vote for a man who professes principles entirely the reverse, and purposes to act upon them, with a view to reward and punish all in their power!" I always thought that Yankees were like other folks, even if they, had a shrewd way of answering questions, by asking others; that when they pretended to answer a question, if it was by asking another, they gave an answer to the question which was asked; not some one which was not asked. Suppose, for instance, I should ask Henry Hopkins, Esq., of 3Ianchester, why do not the daymen declare openly and aboveboard what they intend to do! And he should say, I will answer your "question on m think ' the yankee style, by asking another." Do you that men who believe so and so, will vote for a man ; who professes principlesentirely the reverscl Would l receive an answer to me question asked.1 I think not. 1 he least that can be made of it, sir, is an improvement on yankeo ingenuity; and I judge, that if Liberty" had lived in Salem, in thc days of witchcraft, and had invented this new mode of answering questions, he would have been burnt for a witch. "Our whole country, and nothing but our country." As regards Liberty, and some others, he would have come nigher the fact if he had said, "our whole Clay, the unconstitutional land-bill, national fast, high or low tariff, as he pleases, and all, and nothing but our Clay, so help us president Biddle." The gentleman is altogether mistaken in presuming that I intend "to be up for office y or that I wish to have a particular friend elected, who has no merits of his own. But, sir, suppose that I do calculate to be up for office, all will agree that it is a good thing to know that I have not "merits;" for men often render themselves very ridiculous by lacking this information: I once knew a candidate in this very "fix," who rode all over Dearborn county, exposing his own weauness, anu just on the eve ot the election his own political friends, who belonged to the eame no party, led him off the track; because he lacked bottom. "Liberty" exclaims O! temporal O! mores! What of the. times and manners, my dear sir! Have you jun for office and failed! Are the people so stupid as rot to see vour claims! Cheer up Mr. Liberty, pre eident Biddle may do something for you. But, sir, I would gently -whisper one thing in your ear that ie, if you calculate to spout Latin, be a little more particular in the arrangement of your English sentences. I will ot, nno nr t.wo of the many errors in
your first production, trusting that it will make you j ing mine. In fine, it was bad management, withjnore careful in future. "Will vote for a man who j out bad intention. We defeated eadi other unin-
"'v.ip;s entirely tiie reverse, nuu pur-
poses to act upon them, with a view to reward and i defeat to any political party management Some of punish all m ifAeir power." "And as he knows that j the most prominent Clay men were among mv most it vont uo &c. Now, if Homespun had commit-j zealous supporters. This I know tob a factl For 1
ted these errori. it would not have been wondered at; !
for he sets up no pretensions to learning. Rut, that . . . . . , , e i i a Latin scholar should be guilty of such gross mis takes, is certainly very strange. Liberty supposes that I had two objects in view; the first I have noticed. "The second object, he says, is punishment for daring to assert the rights of freemen," &c. He has not the shadow of evidence, sir, for this charge. If I could be made to believe, that the policy which the National Republicans believe in, is the best, I would freely vote for them. But as I believe that the Bank of the United States is at war with the Government, and if re-chartered, will in all probability, subvert our free institutions, and destroy the fairest fabric of human wisdom; and, as I believe that Mr. Clay's land-bill is unconstitutional, and, if it should become a law, would prove dangerous to these United States, who could think, if they believe me a friend to my country, that 1 would wish to see our State Senate and Legislature filled with the advocates of these measures'! I have not yet forgot the case of the Legislature of Virginia, and Mr. Rives. Suppose the friends of the administration should neglect their duty all over the Union, and the no party folks should get a majority, in every Legislature and Senate, of their own friends. What would be the consequence! Why our Senators would be instructed, and our Representatives requested to vote for the re-charter of the Bank, and Mr. Clay's land-bill, &c. If I disagree with a man in politics, I conclude it is good reason why I should not vote for him; for if I vote for him, I vote that his policy may be carried into effect. How does it look in the Nationals, after they have said that the policy which the Democratic Republicans hold to, will ruin the country, to wish to compromise with, and vote for these enemies of their country! It proves, beyond doubt, that they are very reckless, or arc not sincere. Will any true friend of his country, vote for an enemy to the same! I will briefly examine "Liberty" in a future No. of the Palladium. HOMESPUN. Manchester, April 7th, 1834. To the voters olIcarlorii county Fellow citizens: In suffering mv name to con tinue before you as a candidate for vour suffrages, at .!. i" A i. 1 i : T .3 ;. TLK idoneous and due to all concerned, that I should say a few words on reference thereto at this early day. Having been a candidate before you a number of times already, and having as often failed, it will doubtless be asked by some what does the man mean! Does he intend to be a candidate forever! Will he take no denial! Why then does he wish to stand another poll! Has he not already fairly tested his political strength! These inquiries demand of me severally a categorical answer. In the first place I answer that I do not intend to be a candidate forever. I will take a fair denial that is all I ask. I have not as yet fairly tested my political strength, as will be easily made to appear. This then is why I wish to stand another poll this then is just what I mean. To give over the pursuit under these circum stances, and have it said that I could not be elected, when at each succeeding election I have made a handsome advance, properly considered, &c with prospects infinitely more flattering than on any former occasion, is not perfectly congenial with my feelings is what few men would do. Reader, pause with care weigh deliberately, and judge impartially upon the following expose, and then say whether I act prudently or imprudently in the course which I have marked out as the rule of my own action. In '29 I stood a poll for Representative, and received just 200 votes 100 of which I received in Manchester. The year following I was re-nominated but declined, being at that time on the eve of departing to visit my parents and friends in Maine. While there I was put in nomination for associate judge and re ceived o or 4U0 votes in Manchester was second best. The whole was performed in my absence I did not return until Nov. In '32 most unexpectedly the county convention gave me a nomination for seminary trustee. I should have declined but for the remonstrance of my friends, because I apprehended that the election would be both local and sectional and so it was. Will any man suppose that 11 votes are all I could get in Laughery township at a fair poll! No. Consequently I was defeated. Add to this, it may well be doubted whether it was possible to have found another man in the county better known and more justly respected, and better qualified for the office, than the gentleman with whom I had to compete; and with all, he was one of my much respected friends, and is to this day, notwithstanding he was elected over me with a "majority of from one to two hundred votes; yet, in our own district I received more than two to one votes. Last year I stood a poll for Representatives being the second time for that office, and received 838 votes 201 of which I received in Manchester; which, when compared with the first result, would stand thus: In Manchester, in '20, 100 in '33, 201 a lictle more than two to one. In the county in '29 200 in '33, 838 a little more than four to one; in all, a net advance of 638. I now ask in candor is that not a pretty fair advance! Would any man who had ever suffered his name to be thus used abandon the field without a third effort! But let him be aware of the third. Fellow citizens, am I too aspiring in calmly submitting my claims to your consideration once more! If so, proclaim it at the ballet box ana it shall suffice, (for the present at least.) But should you decide in my favor, I frankly declare that I will not cling to office "with a life tenure." And i i . . . , .... here let mo ask you to consider the disadvantages under which I laboured last year. As my luck would have it, there were two opposing candidates in my own township until the election morn. I say opposing, because none of us believed that more than one could be elected, consequently there was a laboured effort made in every part of the county to persuade the 'sovereigns' that this man would run best, &cc. Hence there was a division of sentiments; consequently, as the people thought me or Heustis the Manchester man, and the most likely tosucced, bo uiey oiea; anu as a consequence, we were both defeated that difficulty cannot exist this year the question is fairly settled through the ballot box. My friends, in the different townships, tell me that if it had been known that I should ha ve run so well at home, I should have been elected without a remaining doubt. Others have had the frankness to say that they did not vote for me, because they had been made to believe that I was far from being the choice of Manchester. They were willing to crive Man chester one Representative and no more, and they i wished to go with her in the selectien. What could be more honorable! This I believe to be the true merits of the case. I believe either Heustis or I should have been elected single hauded. Both running was the misfortune. I deern it due to myself to say that I should not havo been a candidate, had not Mr. II. assured, me in tho most unequivocal , termd, that he should not be a candidate we talked the subject over more than once. It was with surprise that I learned from him that he should "go ahead," a few weeks only before the election. I had then gone too far to decline, else I should have done so. I did not become a candidate to oppose mm; nay i wa3 bis tnend. nml vieu-pd him n hp lenuoiiany let mat sumce. 1 do nnt nttrihnn mv
iustanee in Jackson township I received every vote t
except six. There is, in all probability, three times V i : T1 i ! thatnumber of Clav men in Jackson; nor is it prob able that every Jackson man voted for me. In fine, I was as well pleased with the result as I could well be, and not be elected. I suppose I should have liked that a little better, and not so very little neitheir. However an election thisear would do me better, but there is some thing in getting it that is the rub. Be that as it may the voluntary assurances which I continue to receive from different parts of the county since the last election, and not unfrequently from those who then opposed me, warrant the belief that if I can ever be elected, it will be the present year; and hence I wish to try my luck once more, and be done kwith it. This is a fair ex planation of my case. All of which is respectfully submitted, With respect A. J. COTTON. Manchester, April 10, 1834 P. S. Should the county seat question be made the pivot on which the election is to turn, that is to say, if there is to be two full tickets made out the one pledged for and the other against "Removal," I shall postpone my claims, if any I have, until the storm is blown over. My friends, therefore, will make no effort in my favor until that point is settled, at which time they may hear from me again. I shall at present simply let my name remain until a direction is given to that subject. And should I see my way clear to "go ahead," I intend neither to write, say, or do much in an electioneering line of business shall passsively submit my case without much debate shall diligently apply myself to the cultivation of my firm let opposing candidates alone speak evil of none, without just provocation, that is to blazon their real faults. If I am elected, let it be the free will offering of the people, founded upon my own humble merits, and on merit alone. Will the editors of the "Statesman" and "the Rising Sun" give the above an insertion in their respective papers without delay! and oblige A. J. COTTON. United States Hank. The vexed question of the removal oftho Deposites has at length been settled in tho IIouso of Representatives the 'Previous Question1 has been moved and sustained. In the National Intelligencer oftho 5th inst. we have the proceedings in tho House on the preceding day of which we make a summary. Columbus Sentinel. The resolutions reported by Mr. Polk, from the Committee of Ways and Means, on the Report of the Secretary oftho Treasury, and the amendment to the same offered by Mr. Wilde (of Georgia,) declaring the reasons of the Secretary unsatisfactory, being the question pending at a quarter past 4 o'clock Mr. DTJuffib concluded a speech against the removal of the Deposites infavorof the amendment, and in favor of tho Bank; when Mr. Mason (of Virginia) obtained the floor, and moved the Pbevious Question. Tho motion, which requires a majority of the IIouso to second it was sustained Ayes 111, Noes 103. Mr. Vance, the hour being late, moved an adjournment negatived, Yeas 103, Nays 110. Other motions followed, which were also negatived. The Previous Question cutting off the amendment, Mr. Wilde inquired if it would be in order to move to suspend the rules of the House, so as to obtain a direct voto on his amendment. The Chair decided in tho negative: and, fur ther, explained that tho question now was, only whether tho Main Question itself would bo suaceptiblo of division, so as to get a separate vote on . - each of the resolutions. "The Previous Question was now put as follows : "Shall the main Question now bo put?" and decided by yeas and Nays as follows: Yeas 110, Nays 107. The vote oftho Indiana delegation on this question wa3 as fellows : Yeas Messrs. Boon, Carr, IIannegan,!Kinnard &. Lane. Nays Messrs. Ewing, and M'Carty. So the House determined that tho Main Question should now be put. Tho Mam Question was then put, viz: will this House concur with the Committee of Ways and Means in tho resolutions reported by them to this IIouso ? Mr. Wildr demanded that the question should be divided, so as to tako a voto separately on each resolution. It was decided accordingly; and put, first, upon concurring in the first oftho resolutions reported; viz: "Resohcd, That tho Bank of tho United States ought not to bo re-chartered." The question was decided by yeas and nays as follows : Yeas Messrs. John Adams, William Allen, Anthony, Archer, Beale, Bean, Beardsley, Beaumont, John Bell, Blair, Bockee, Boon, Bouldin, Brown, Bunch, Bynura, Cambreleng, Carmichael, Carr, Casey, Chaney, Chinn, Clairbone, S. Clark, Clay, Clayton, Clowney, Coffee, Connor, Cramer,' W. R. ' Davif I Dicki rr T.y j Davis, Davenport, Day, P. Dickerson, D. W. in8on, Dunlap, Felder, Forester, Foster, W. K. Fuller, Fulton, Galbraith, Gholson, Gillet, Gil mer, Gordon, Grayson, Griffin, Joseph Hall, Thomas II. Hall, Halsey, Hamer, Hannegan, J. M. Harper, Harrison, Hathaway, Hawkins, Hawes, Heath, Henderson, Howell, Hubbard, Abel Huntington, Inge, Jarvis, R. 31. Johnson, Noadiah Johnson, Cave Johngon, Seaborn Jones, Benjamin Jones, Kavanagh, Kinnard, Lane, Lansing, Laporte, Lawrence, G. W. Lay, L. Lea, T. Lee, Leavitt, Loyall, Lucas, Lyon, Lytle, A. Mann, jr., J. K. Mann, 3Iardis, John Y. Mason, Moses Mason, jr., Mclntirc, 3IcKay, McKinley, McLene, McVean, Miller, Henry Mitchell, Robert Mitchell, Mulenbcrg, Murphy, Osgood, Page, Parks, Parker, Patterson, Pearce, Peyton, Pierce, Pierson, Pinckney, Plummer, Polk, Rencher, Schenck, Schley, Shinn, Smith, Speight, Standifer, Stoddert, Sutherland, W Taylor, W. P. Taylor, F. Thomas, Thomson, Turner, Turrill, Vanderpoel, Wagener ,Ward, Wardwell, Wayne. Webster, Whallon 135. NAYS Messrs. JohnQuincy Adams, II. Allen, John J. Allen, Chilton Allan, Ashley, Banks, Barber, Barnitz, Barringer, Baylies, Beaty, James M. Bell. Hmney, Bnggs, Bull, Burges, Cage, Chambers, Chilton, Choate, William Clark, Cor win, Coulter, Crane, Crockett, Darlington, Amos Davis, Deberry, Deming, Denny, Dennis, Dickson, Duncan, Ellsworth, Evans, Ed ward Everett, Horace Everett, Fillmore, Foot, Philo C. Fuller, James Graham, George Grennel, Hiland Hall, Gid eon Hard, Hardin. Jampq Harper, Hazeltine, Jabez W. Huntington, Jackson, ! William Cost Johnson, Lincoln, Martindale, Mar-I Tom Dk ins. Tweedy, Vance, Vinton, Watmough, E. D. White esey, Elisha Whittlesey. Wildn llhams, ikon, oung 82. bo the House concurred in the first resolution. 1 he second resolution was then read as follow.. - J. Kesoltcd, lint the public deposites ought
MeriVr A view of it will, therefore he useful, in let-1 groat western Thoroughf.ro and United State B. Shepard, A. II. Shepperd, Wr. Slade, C. Slade j tinS lhe Pul'lica3 well as the initiated, know some- touIq between Louiavillo anJf. Lomm. Sloane, Spangier, "Philemon Thomas, Tomukinsi thing of the real stato of thc case. In general, the ) Puoli Ind. Patriot.
not lo be restored to the Bank of iho United States.v
And decided by veas and nays as follows : Yeas ... . - ' . .. . 1 19. Nays 101. (The Indiana delegation voted as follows on this question: Yeas .Messrs. Boon, Carr, Hannegan, Kinnard, Lane & M'Carty. Nays Mr. Ewing. The third resolution was then agreed to, as follows, by Yeas and Nays, Yeas, 117; Nays, 101. The delegation from Indiana voted as follows on this question : Yeas Messrs. Boon, Carr, Hannegan, Kinnard, Lano &, M'Carty. Nays Mr. Ewing. Tiie following is the third resolution: "3. Resolved, That the State Banks ought to bo continued as the places of deposite oftho public money, and that it is expedient for Congress to make further provision by law, prescribing the mode of selection, the securities to bo taken, and the manner and terms on which they arc to be employed.'" The fourth was then read as follows: "4. Resolved, That, for tho purposo of ascertaining, as far ad practicable, the cause oftho co m mercial embarrassment and distress complained of by numerous citizens oftho United States, in sundry memorials which have been presented to Congress at the present session, and of inquiring whether the charter of the Bank of the United States has been violated, and also what corruptions and alms es have existed in its management: whether it lias ! I used its corporate power or money to control the press to interfere in politics, or influence elections, j
and whether it has had any agency through its man- mcnt oftho cns'S. INothing was heard on all sides agement or money, in producing tho existing pres- but the cry of ruined speculators, making up their sure, a select committee be appointed to inspect ! accounts as well as they were able, and meeting the books and examine into tho proccedingsof tho jof directors of tho different bubble .companies to said Bank, who shall report whether the provisions j make arrangements for winding up and abandon -of the charter havo been violated or not, and also j ing them. Next began the action of this stato of what abuses, corruptions, or malpractices havo ex- j things on tho solid and substantial undertaking isted in tho management of said Bank, and that the ! with which tho Union abounds, and on the manusaid committee he authorized to send for persons ! factoring and mercantile, interest!'. "Money had and papers, and to summon and examine witnesses j become so scarce that it was not to be had but on on oath, and to examino into the affairs oftho Bank i tbo ruinous terms of or even J! per cent, monthand Branches; and they are further authorized to j ly, in consequence of which ell business was pavisit the principal Bank, or any of its Branches, for i alyzcd. Men of real credit and substance prethe purpose of inspecting tho books, corrcspon-1 pared themselves to weather tho storm by fhipdence, accounts and other papers connected with J ping off what goods thoy possessed to England
its management of business; and that the said Committee be required to report the result of such investigation, together with tho evidence that thev may take, at as early a day as practicable." And decided by 1 eas and ISays as follows eas 174, Nays 41. On this question tho Indiana delegation voted all in the affirmative. So the House concurred in tho Fourth Rcsolulion. Mr. Polk moved that the Committee consist of seven members; which was agreed to. Mr. Wilde asked consent to otTer a 5th resolution, declaring the reasons offered by tho Secretary insufficient and unsatisfactory. Objections being made he moved to suspend the rules. Mr. Polk thereupon moved to adjourn on this Mr. Wilde demanded the Yeas and Nays, which wero taken as follows Yeas 123, Nays 70. So the IIouso at half past seven adjourned to Monday next.'" TIIE PRESSURE. i The London Times, ono of the commanding JOukm ot Iceland ono winch only looks to A I . " 4 T a T a n Tl - takes tho view wo insert below, of tbo stato of . .! . fin i , i- . r .i things in this country. Iho hole object of the editor is explained by this concluding remark of ine ciaoorate article, wmcn is too long ana irrelevant in some particulars, to be given entire. Tho editor says: "It must he allowed, that it is extremely proper lo direct proper attention to this subject, which will bo of some service, if it only checlcs thc mania for speculation in the foreign funds, tehieh now Vre - j j j c j r l ii 1 rail at tU Stock-Exchange." From this, and tho tenor of what we extract be - low, it is evident that tho Times is disposed to prevent investments of capital in American stocks, and in this way contributes to tho design of tho United States Bank in oppressing this country lo gervo British interests. But we would 'nv.tc attention part.cuhi ly to that tt 1 fits, I in I m t . I . . y m inLinli u . . 1 . . . .1... part ii ui iiju aiwwii; ui 111a ifit j wini.ii i'.)'ldlllS UJC panic and distress under which thi3 country now
auners. l ne Kcen-sigiited speculators ot trio L,on- i know. IJavriibtirgh Intelligencer. don money-mart, have no political party-interest to . induce them to disguise the cause of the present ! Mr. Caliioi Vh plan of a Sprrir Cum ? ry , state of things here, and they at once point to it, j as far as we can form an idea of it, is reducible to an that the ultimate consequences may bo anticipated, identity of principle with that of General Jackson; by thoso interested abroad. The Times unhesta- j for i'dl note of a less denomination thau U tingly indicates tho true origin of the evil, it is j ba.'shcd from rireulation, the B mount of the JiunL not, it tells us, "the quarrel between thc United otts Rll(;at "lhi .u'r' 'Walde, ho much o, States Bank and thc Government" No-that is ,""1 he buinf. ot.bajlk'. it not nltogethin , n t s i , er unprofitable, ?o verv limited a to deMmv its mn Hut the match to a heap of combustible matter, ac , nopo Qnd colUsV(ll.0l;tly-itl, ainPt Wo hr cumulated by oter issues of paper money, and a , tiC basis of Mr. Calhoun's phm is the state i:ijht long series of other injudicious banking opera-1 doctrine; in contradistinction to the old established tions." And tho editor directly alludes to the ex-1 federal principle, which gives the pmwr to the "on- . 1? . .1 TT..I 1 1.1. . ... ... , X.' . .. It, I Tii
iraoruinary extension oi inc unucu 3iuics ujiiiwai loans from forty-two to seventy millions, which, together with its sudden revulsion, has produced the irregular action complained of in our moneyed concerns, and all thc mischief that tho Bank Orators arc (bily deprecating. The foreign editor docs not choose, however, to enter into the motives of tho Bank Managers, for this extraordinary movement. He does not choose to inform his readers that tiiis convulsion in thc commercial world, is tho consequence of a deter minationon the part oftho money changers, to give a President to a nation of freemen to enlarge and perpetuate their own great corporate privileges - and to superadd to their power over the currency, a power over thc Government oftho country. Tho comment was unnecessary. The intelligent every , " i . .! ii- . i - t .1 where must sec that the alliance into which the Bank has entered with the political opposite to our Governmentand its principles, is thc source of all tho mischiefs, which the confederates aro now every way interested to impute to the Chief Magistrate who has so far defied their joint machina - tions. Globe. THE MONFA MARKET. Thc possible consequences of the crisis in tho United States to this market, continues to be a sub impression is, that the quarrel between thc U. S. Rank and the Government, is the sole cau9C of the m,,V hut this is an error: it ntrrrh, ,,, the ! match to the heap of combustible matter, accumula-! : ted by over-hsucs of paper money, and a long sc- j ,rVi of ether injudicious banking opera tionsA
I oo,r,o 4i.s , ninety thousand ibdlnrc f,r t
Onofict alono issurticient loihow this, when it la stated that ono establishment, the United States Bank above mentioned, increased its issues of notes between tho end of tho yenr 1630, and the month of Februarv in tho year lS'J'Vroin $i-,O00,-000 to 70,000,000. Within that interval, a manhi commenced in New York, Boston, Baltimore, Philadelphia and tho other largo cities of tho Union only tobe paralleled by ourown bubble-year in 182.". Rail-roads, canals and banks, were, however, the fa-, voritc objects of speculation . In August 1KU, a prospectus was issued in Philadelphia Tor a new bank, with a capital of $1,000,000, when such was the eagerness to obtain subscriptions in it, that, men had their coats toro from their backs, end women (for they also partook oftho mania) fainted from tho extreme pressure of iho crowd. At this time no names were given, no list of directors for
the new bank was published, but tho subscribers were to put their names, and the number of dure they wanted, into a letter box, in a house fixed upon for the purpose. On tbis occasion, the subscrip. lions amounted to 10,000,000 of dollars, that i, to ten times tho capital proposed to be raised. With tho additional supplies of paper, however, from tho U. States and other banks, all went on smoothly enough, till tbc removal of tho (lovcrnment depositcs from tho former, and the subsequent differences, compelled tho wliolo of them to contract their issues suddenly to an enormous extent, and to call in tho greater part of tho outstanding engagomcnts with them. This was tho commence1 and tho continent of Europe, in order to obtain specie in return for them, at the same time seridimj out orders to stop all purchases of manufactured and other goods in this country ami elsewhere. Bills on London were so scarce that they fell from j 8 toO premium to par a circumstance w hich hai j not occurred for XiO years before. )eides these, largo amounts of inscriptions in iho stock of tho ' different States of the Union havo been sent off to j Kurono for tho purpose of borrowing money u that sccunty. In tact, there aro no means ot rni mg money abrod which have not been resorted to. Tho calculation of persons convcisaut with American business iiJ, that specie to the amount of ; from $'J5,000,000 to $:t0,000,000 must be impoit eu into mo euuvu oiaics uciore. uum can Lie restored to their natural level. i "... .1 .. . "... t-. I r .. ii". . . i The Cotmnitteo appointed to investigate the ronduct and condition of the Bank, under tin- 1th renilution oftho Committee of Ways and Aleam, which passed by n vote of 174 to 11, uro Messrs, J'hunun , of .Maryland, Chairman; Evrntt, t.f .MiKinuchiihett; MuhlrnUrsr of Pa.; Jiiuun, of Virginia; HlUtcurth, of Conn.; .liini, of New-York; and .ye, ufOhio. J lie ceiitlemen have a Herculean tak ht-'fLtii!' ";. iTi?11 1 c;1 l majority ol tho Heprepentativos of the people, nnd havo thc PJVBcfl,M .tinn Axed upon them. Th jCovernment having no Representatives in the Board of Directors, in consequence of the course of the Si'. nate, the retponsibihtjei of tho Committee, and the dillicultiea incident to the performance of their duties, are immeasurably iucroa.v.'d. Globe, . Ijn'il S. n,. . . , ,. , , ! tJ . ' f t T, ! taken on Tuesday, bv .Mr. Moss ot Philadelphia, acling as affent(1 tl(? ,.otIl9chil(1(Jf of ,j0nJ(!n. J. jTlie premium given, i.vone-lbuith of one per rent., j r two dollars and fifty cents for a thousand dollar. i lliC premium prom. god by Dr. Burden on the fcniiu .n thirteen i 1 he l)rfe,nmm Vmv , mg a loss to the and liflv-one huudredtliN percent. now received, is about fl.SJM; makctato ot more than thirteen and a ,'t is Uut tljC Mc A wjjl Jrel a.e.l 1 - ... ' t Jjj ie hmrijof Dr. Burden, will pay the dii!Weih-e tit tlw tate. Whether thev are obliged to do it, w e do nut niJi;illlll,-,i iu nniu;ru .aiu'imi nam;, i m in what we alwavs anticipated, thnt the principle of State Rights common to General Jaeksou and th Southern State, would produce a unison of henti. mcnt and action, inimical to tho re-charter of tho oxlisting institution. Properly viewed, in relation to 'the excessive isiucs of State Bank duixt. nml it perfect rottenness, when under tho prcur of a demand for specie; Mr. Cdhoun'd plan appears highly eligible; but we miit confess, it strikes u fntnl blow atth.i principle f Federal Mithority, which su.st.iiiu n Hank ey the Lnuea btntcs! -or thc people, rind productive classes, u promisen a more r.,u,tab1e j rowarJ h hU nml Huctuation m tho mt. 1 turc iA Vrty .aial liaru. j i ' ll? or; 1 Hbinj?er of Saturday week 5iy, ()n 1 !,ch!,1' h? " 00 (;ro' 'n t?l!u ? ' runaway, nnd confined m the iml of t h s id ire under an haon lUt if his fuJ.r , ,oU1 to (:tior m(!o j,,, w ,ho Uut( J.J jgoizod an nxe.and verv deliberately hopped oil' la j left baud at the writ; his reason for thi navajro art, j was, that ho was determined not to bo a skv. any ; longer. 1 A Bill has been introduced into iho Home of , Representatives of the United .States bv Mr. - ; i5LA1)K llliuoii, authorizing an appropriation of i Tim Ti ,-vrA..,.ic .rii.n i,0, crs in Iniham, 4 m a ! ico : : Post Master ( Jeneral in answer to a resolution of thc Home of Representative. $1S.I m isccmv. Columbus Chronic!
