The Newspaper, Volume 1, Number 19, Noblesville, Hamilton County, 12 October 1837 — Page 6

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allhcizh tl: 3 :r.:r;r.o: GlrictV anicunt to a le-c! contract

Ivt:o .icnrly allied to ono, that it

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-! Juciico to the tjlrGs r.nd people to disappoint tlieirjust eripocta-

floiiOj by vithhoiding the inslaiAgain: it v;as admitted by the chairnir.ii of dio Oc.nndttco on rjiiitoct) tliat if tho instalment was retained, being in paper, it

could not be rnaao available in aid of the necessities of the Treasury, as the government would not use paper, and ve would still have to authorize an issue of

Treasury notes, and a loan- of at least 010,000,000. 77hy, then withhold it from tho States, who are willing tc seeive it in the very .funds the governineni rejects;

ITo5 sir; they go to their c! esters

Lie people, with t-eir denrsnd augmented Ly their profits on the qceds. The, wdiole, sir, falls on the consumer. In this way tho disasters of all classes in the

country are identified. .Sir, vou

cannot oppress the tanks or the

rnareliants, miicss you by th

same measures embarrass their

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eornrs.ca. '.e their matter witn :heir own denesite banlis, beneiidally to the Grovcrnmcnt tho hanks, a:: d the States? Zlnt viewing it as a aucsticn of inconvenience between the Government and the States how

lands the case? It would cer

tainly be much less inconvenient

to the c ovesnmeat tc add the

amount of tl:e instalment to the

amount of 'ha lean she is corn-

'hel:s:::u: ef tho money at this

ir, are soino oi the

customers, tho people. If yon

put your iron nana on them uiev

resort to the peonle: and on the

people ultimately tne evil must fall. It is not the. fact, that ' this

is a controversy between the Government, and' the banks and importing merchants. It is a question involving the interest

and prosperity of the entire coun

try; and sir, I am glad it is so. I should bo extremely sorry to

sec tiie time when the ireat in-

tercsts of the community shall be

so separated that one may ' fall

without the others They are all

embarked in the same national

vessel; bound to tho same port;

and equal regard should be paid

to them all.

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no power to G:: the rate cf c::- - ru: m, changes, I admit its correctness !trsn I:;v r.

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tu u iiio -jiiucmive mean:

that Government has :;a

power to aid in thoannlication cu

the annrconato reined" n f 1 m -" "

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aeraniea ana osstnictea c::-W" tnro

changes of the country, I wholly

uisuureo wim mm. Dir. it d

W ' ' ----- after-thought, to answer a particular occasion It- is an opinion never advanced before by any statesman. Such, sir, was not the . opinion of President

Jackson, or his advisers, at any rations, en th

lime ot ins atimimstration.

It will be recollected that du

ring the time of tho bank war, when the power of the Executive Government was arrayed

against the hank of the United States, it was declared that one of the important functions of the hank, duo to the interest of the people, was, to regulate the ex

changes; and 'therefore it war; portent to satis w the wv'; tin . . . . . .

contended that it ought to be continued as the Government u-

gent. On the opposile side it

was contended that (he local banks, the State banks the Government deposite banks! would

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vacates Hank in

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inet would luw

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iugutuie uie.excnangcs witn as una :sw esry, :en much advantage to die people of! act L: the m: ttssl the United States as the United 1 u - ,

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tne o ens; sue s

It is admitted on all hands.

that, throughout the country, from

one to tne other, conhcience is

destroyed. Yet it is said, trulv:

that we possess all tho elements crot the oyernnuv it, in its fis-b - -r..-. . i

of nrosnarity, which only reniiirn cal operations, cutdd not ho rn-Js5-!... ;,w;,II- -

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, i vj Caw tmi ij wtw

icguiaie tne exciianiros 01 tnutfi-: "S- - a" -

States Bank. And yet it was

never contended mat tne now-

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cecasicn.

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to no pus m action, jut, sir,

loot: at the state of our exchan-

es. aqid and silver at isashville, commands, eighteen per

cent, premium; united States

nam: notes are bought up by

broilers at twelve and a half per

cent., to be sold by them at fif

teen; Ohio, Indiana, and Ilen-

lucky paper, from eight to ten

percent, premium. Such is the

ctyfe oi the rncney market there, as is stntwl in the IkwbyiHc 2an ner; and so it is all over the country zi i premium at one place, and ia :i direount atanoth-

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jir.it is .sshssssiblo for die

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v.uuiuij,. nov sue, .sir, to ror.u ;.:,)V. :h::iq::

an extract from t resident .7r.c!--; .--.- . ,

son himselt, in wiiicli the" regulation of the exchanges was considered an important part of the

antics oi iisem aaents of dnd ' j-M . ' . O 1

crovernment oi tne jmtea Lkatss . Tlie ?residcnt cnsiderkiy die

matter of so much raino?y::es,L

uses tne following Iauyua:se; fes!l the purpose of safkilim;' llij'I A:nes;-su rssde tlia: d'SIsssI "

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of the urn:: would .also

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