Richmond Palladium (Weekly), Volume 7, Number 45, 18 November 1837 — Page 2

! If

crease, no less than one hundred and nineteen Now, sir, if it be demonstrated that a fiscal abanks added in the short space of four year, gent of the Government is indispcnsible to this, That is period when you had no national bank, can we be called upon to say there shall be no Well in the year 1329, by which time the na- such fiscal agent? Sir, great have, I fear, been ttonal bank established had got into operation and sacrificed to words to words of factitious import got through the embarrassments of its early ex- and factitious power. Wc have been told there must istence, these banks bad increased to three bund- be no longer any connexion between the Govern-

red and eight. Now, sir, take the next period of meat and the bank, and now they have got a step ten years, when the national bank was in fall, ao beyond this. They now say there must be no tive, and beneficial operation, and yoj will see association whatever between the Government how it worked to regulate and restrain. The and hank". Sir, I deny that this Government whole increase of bank, fr m 1820, to 1630, if 1 ever had a hardship with a bank or banks, or anyunderstand the statement of the Secretary of the thing that ought to be called by that name. It Treasury, is what? Why it is remarkable;, and hid an instrument, and the excellence of that if a fact every one must dwell upon it; by that instrument consisted in this, that it served also statement it appears the wh le n amber of banks, j for the use of the people for the same purpose for in 1830, was three hundred an J twenty, being an i which it was used by tho Government; and this

increase of only twelve in ten years. a to establish, not a partnership between the uov

From tha New Harea Herald. Dreadful attexpt at Mckdeb asd Scicidk Woodbi'rv. On the afternoon of Tuesday last an Irishman, travelling with a bundle, came to the public house kept by Mr. J. P. Marshall, in

From BtctnelT Reporter. BANES AND BANKING. As the public mind of this country, was never more thoroughly directed to the subject of banks 4t banking, than at the present moment, and facta

ries about the road. lie left the bundle in the

barroom, and went to the office of Charles B. Phelps, Esq., an attorney and magistrate of the district, to whom he said he had come to deliver himself, and went on to state a long incoherent account of abuses he had received at Zoar Bridge, and Mariett's bridge, having been robbed of six dollars in money, a pair of boots and being chased through a cornfield. Mr. Phelp? supposing him to be intoxicated, referred him to Mr. J add, a Deputy ShoritT. He went off, but soon returned, divested himself of most cf his clothing in the

Now, air, we come to the perixi when the bank

of the United States began to verge towards its dissolution' when it began to be believe J, beyond a doubt, from clear indications, that it would not

be continued. What do you find then? Lxactly j same ground.

what you might bavo expected. From the first !

of January to the first of December, l5.Jo, there The late Bnk of

at. in tbe year 12U you bad b it J banks

you have now in the United State?, in on-1 now in. The State banks, without injurious presly six years, the period I have before adverted to, sure, returned to specie pivment. Order was re-

877 banks, tesi les l id branches. How much

due that give you for the last sit years f Three hundred and fifty-five; being more than b id lieen established in all the antecedent administrations. Now, again, sirjookal tho increase of banking eapital during the same period: In 1830 you had 145,003,000 In 1831 there were added 55,00J,MR la 1835 there were added 31,000,009 la the beginning 1831 there were added 20,000,009 I.i the remaining part of 1830 there were addod 72,000,000

money rose at once to an agio, or premium above (lie current coin. This premium varied from time to time. It may be looked upon ms nearly equal to, and generally as representing the average depreciation of the current coin below its nominal value. "The Bank of Amsterdam, after its first establishment, admitted no new subscribers; but it sold bank money to all who wished to purchase, at a premium varying with the market price. It also sold current coin, when it was needed for exportation, upon receiving an equivalent transfer of bank ramey. It received coin and bullion upon deposit c the following terms. When the

coin or bullion Oaa deposited, a certain sum of

bank money was transferred to the account of the depositor, equivalent to the current value of

the coin or the mint price of the bullion, with t small deduction varying according to circumstances. At the same time a receipt was issued to the depositor entitling him or any bearer, to withdraw the coin or bullion from the bank, at anv time within six months from the date of the receipt, first transferring to the bank the same sum of bank money which bad been granted to tho depositor, and paying a commission for the keeping,

the currency from a worse condition than it is the abdomeu. Mr. M.then gave an alarm, and (good ot tne greatest number be prom ilea, ay -an t per tea., .or n tn suver ouiiioo

fled into the sitting room where was Mrs. Swift, universal nulli'ieation ; or will the object in w uoe uau percent. ior goia ounion. n me at. the widow of Dr. Swift of Bristol. j view be better aswered, by imposing upon them j posit was not demanded within six months, it beThe assassin followed, and struck Mrs. Swift ( rigid restrictions, and preventing the recurrence came the property of the bank, w ith the knife through the rb'ht check to the i of thr censurable con Juct complained oft 111 The profits cf the bank were made by these

in in tlw. l,rr.ar. whi.li fortunate-! reasonable men wul. we think, decide in tavorol commissioners, ana py me premium u com me j

eminent and the bank, but, wbiit ought always to street, and ogain went into the office of Mr.

exist, a community between the Government and

the people, by bringing them together, in the common use of this instrument, to act upon the

the United

State

restored

Woodbury, in this county j and made some inqui- calculated to e'.ucidate the matter, cannot but pos

sess interest. uinKS were originally designee for the public good, to facilitate the purpose . of trade and commerce, without interfering wjfh the rights of the people, or affording to the itch and aristocratic, any advantages that might wot be obtained by the poor and plebeian; that is to say, in proportion to their wants and securities. When banks depart from theso legitimate objects of their being, and become weapousof evil in tbe hands of the few fLr the oppression of the matry then they are curses to the community, aid deserve popular indignation. The question,

therefore, lor the people of this country to cM

sider is have the existing banks a

the letterof their charters, and the

their creation, or have thev deviated

descision be against those Institutions; (but ire

Phelos, from which he was ordered out.

About half-past six, he returned to Marshall's bar room, armed with a knife, where, without any quarrel or provocation, he assaulted a young man mmcJ Daniel Peck, inflictinrr three wounds in the

breast and abdomen. lie also attacked Mr. Mar- ! most of them.) the next question

i try to cqsidhcred lo objects lot ed! Iff

incline to the opinion that will

iu tavorot to a reW

were 110 new banks established; an J where- specie payments through the Union; it recovered shall, giving him several dangerous wounds in j dy. Will the people be benefitted the greatest

stored. Harmony was established between tho United States B ink and the State banks ; union between t'.io Government and the people. Where

tongue,

323,000,000 Making a total of three hundred and twentythree million of dollars, and something more up to this time. So much for the number of banks and banking capital. Now fur your circulation; and it will be f mod, to concur with the other evidence, and comes to precisely the same result. From the year 1830 to 1833-7, the circulation of tank paper increased in tha United States from $51,000,000 to upwards of $185,000,090. The discounts and deposits were increase J, probably, in the samo proportion; that is to say the sum total of the banking operations was thus increased with a rapidity never before witnesed, and, I trust, not soon to be witnessed again, in six years it was m are than trebled. Sir, I am not adverse to the State banks; thero ia too vast an interest involved in thsm to be wasted and destroyed. A capital of between three and four hundred millions of property ought not to bo sported with or endangered, for an injury to it m ist do extensive mischief to individuals and individual interests. Bit the statement of which 1 have given tho particulars deserves in my judgment, the serious attention of every American talesman; in it aro involved all the evils that are complained of. What is it that has produced o-

vertrading and speculation, and over-purchases of

land? Yi hat is it that has stimulated the interests of the country to a morbid state of activity, threatening the existence of evervlthiag, disturb

ing the relations betweon tho different portions of

the Union, embarrassing the intercourse between man and man, and compelling us to be here at midnight to pass bills to rescue tho Treasury from impending bankruptcy t 1 need not go further back, and tho result of the whole is tint in

forty years no such thing ever occurred; that in six years it did occur, anJ that in less than six years it occurred again; and that this state of things happened at two periods precisely indentical and alike distinguished from two other periods, indentical also with each other when it did ot happen. The difference, sa fir as wo are able to discern, is to be found in one great leading circumstance; thai at the two favorable periods you have a ere it fiscal institution, acting as the fiscal agent oi the Government, and at tho other period, you had none. I will not undertake to show that, even with such an institution, it is impossible that such a derangement could happen. I do not believe that it would. lam content at tho present time to say that if you want an experiment, the experiment has been made. You know tho results of that experiment perfectly well, and in n manner to be relied upon; you know you can have a uniform currency ; you know you can avoid the suspension of specie payments; you know that you can furnish a medium between the inhabitants of the most distant parts of this great confederacy for carry iuir on your intercourse. You

know it, because you have done it twice for long periods; and tho experiment has been twice so Successful that no ono can doubt its efficacy upon the niero affirmative evidence, you have had its opposite also, the negative evidence, also, ia concurrent and complete. You have tried tho experiment of doing without it, it has twice resulted in the samo way, and brought us to the samo condition. This coexistence is, humanly speaking, and according to the soundest philosophy, a good reason for inferring that one is the cause and the other effect. And then you have the deduction from the whole, that a national bank has prevented and will prevent such occurrences, and without such an institution you are ineritably exposed to them. Now, sir, you are in this crisis not deeper then you were before the remedy is not more difficult than before, nay, I firmly believe, and thou- . sands in the United Slates believe, that precisely tho samo treatment will give relief. Is not the Government of this Union established for tho common welfare, to do those things which the States individually cannot do, to keep this Union together, to regulate its foreign commerce and the commerce between the States, to give to the institutions of these United States a nationality and to give to that nationality a prevadiog character? The subject we are considering embraces matters which deeply concern the general national interest in its whole extent. Is the Government of tho UuiieJ States to take no heed of this? Are they to suffer centrifugal force to becomw preponderant, and enianger the Union itselft Are they to incur the manifest risk, ar, the absolute certainty, of suffering the beautiful spheres which constitute this system to rush into confusion and collission for want, in its proEr place, of the mast beautiful of all the needI kindred, national sphere, which combines and regulates them all, and presents them ae oneharmooeous whotb? Are they to take na care that the centrifugal force shall, by appropriate and adequate means, be so restrained as to endanger tbe system itself, to seporate those intended to ba kept together, to produce adverse interests, to let the needful balance be destroyed, and leave a in our daily concerns as if vre had bo common country, and no national character 1 8ir, wbatis this Government of the United States torf It is to make us a nation. It is to give us a national character. It is to give us naonal capacities an J advantages not by consolidation, not by interfering with or destroying the rights, and powers, and privileges of the States but to facilitate their intercourse, without effacing tha lines between thorn; to give the rights, the immunities, and the privileges of free citizens tkraaght the United States; and, so far as it can, by these acts, to promote whatever Is good, and to guard against whatever is evil.

ia ilm ,).r.,-,.Mv ,.r A.Ann ). m. thinr now! K-o r,w ! stpl liiisk. and thus lost its e fleet, i me lane r course : iiciicvins ivo.orm

ia any thing wanting but the inclination t" Ought Mrs. Preston, an aged lady, mother-in-law of Mr. - tarv, and promptly administered, far m re con

not the happiness of Government to consist in ' Marshall, hearing the alarm, came into the room,

promoting tho happiness of the pecp!e? And and was in her turn assaulted, receiving a severe are they not happy when their reasonable desires ' and dangerous wound in the abdomen, trom which are indulged and the efforts of industry faciiita-; tho intestines protruded. The assJssin then retedt An ?, let me ask, is if the business of gov-; treated behind a door, where he cut his own ornment ta seek to elevate itself before the world : ihroat, the knife passing near the crotid artery in a sphere different from tha people, and say to and the wind pipe. them, wo will not use the same instruments that j Several persnis had by this time assembled you do? Wo will not accommodate ourselves and attempted to seize him, but ko resisted poworour business to you, or t your business, or to erfully till he was knocked down the cellar stairs,

your wishes; but. raisin? ourselves upon a heap where he entrenched himself bctiinu a door, un

til a rope rs thrown, by which lie was

brought to the floor, and bound. The scene presented a shocking sicht. Mrs. Preston it is thought is woinded f .tally; Mr. Marshall dangerously, and Mrs. Swift severely,

but not dangerously. Mr. F

of gold and silver, will leave you to flounder with your State banks in the region bolow, taking care of ourselves and careless of you' What would i the people of these United States, in that case, consider? i Sir, is it desirable that such an unnatural state

I ducivc to the general gx l. tli.in destruction.

Bat, we must not forget the object of this article. The facts detailed below, are from a workjjst published in LonJon, from the most authentic sources not a single copy, we befceve save the one in our possesion, has yet reached this country. And Jfr as to the origin ef banking. Tho first regular institution resembling what we call a bank, was established at Venice nearv TOO vearsairo.

noosed,! "Its origin had nothing to do with the busi- ! ness of banking. It began in thij way.

j 'The Republic being engaged in a war, and j falling short of funds, had recourse to a forced j loan. The contributors to that loan, we e ailaw-

aound sal u- i on the sale of coin, bullion and bank money.. It

ma;e no 10.1ns; ana ineiein aiticrea essentially from our modern banks, It professed to keep in

its vaults a sum of cwin and bullion, equivalent to

the whole amount of bank money in existence,

Such was universally believed to be the fact; though according to thit foolish system of secre

cy once thought essential to trade, the actual slate of the affairs of the bank were kept a profound

secret from all but the magistrates, w ho were a

sor of self-perpetuating oligarchy.

of tho circulation should take place? Now, sir,

supposing the multiplicity of State banks to lead to these revulsions in trade; to occasion a suspension of specie payments, and that therefore, you cannot accomplish the required end by mean of all the State banks of the United States, or bymeans of selected banks in the different States, numerous as they are, floss it follow that it cannot bo attained at all? Docs not experience tea l you that it can ? Nay, sir, more than this. That by means of that common instrument fit for your use, and fit for tho use of the people too, which will not bo injured, by their use of it. By means of that instrument, you can regulate and control the State banks, and render them as efficient as they ought to be, nnd more safe than they are throughout the different States.

-U i wotin'Ifd in cd an annual interest ot tour per cent, on the t

i .1 I.- i i ..n: a ..a. .... ..

II IU Llt tll ULIJtCII IIF IIUU. lli lam

rl.ms fatal I v. The assassin was . sums they

i,!.,,i i,i ihp it(-ni of Lis wounds 1 branches ct tho public revenue wore

was not nscertaineJ at 11 ,cbck on Tucsd,

nirrlit. Thn h'ltnr from w hick we obtained the a

hove particulars says. "It is probable he is a ma- j for the express purpose of looking after this busi-

mac, esc a pod from

assigucd

iy ' ior mo payment i mat interest; nnu a ccrpora-

1 tr:i entitled tne Chamber ot loans, wjs created

confinement. Ho sail his

r lf I'v . I

namo was John Uj vviac, or vo wire, anu was going to Vermont. He is a porfert model of n.useular vigor, and has probably been a soldier. He spoke of being shot ly a Court Marshall , and put himself in tho attitude of that military punishment. Wo are indebted for the above statement to a gentleman of this city, commt.nieated to him by a friend wlu was a party conctrnod ani an obscrvor of the shocking scene.

I.ifTEBrERENCE OF OFFICE HOLDERS I ELECTIONSWe would call paiticular attention to the following resolution of tho Conservatives of the Fifteenth Ward. Will the Evening Post and Mr. Levi. D. Slamm have the goodness to explain ? Will not the parties in possesaion of the document, or of

its contents, make some further developments be

Tho letter, per of tint kind will undergo certain and rapid ' the habit of placing their money with the Cham

ions. The

letter is dated at Houston

fore the termination of the Election

Mr. Slamm the letter I ; dcprociati

"Resolved, That wo have beard with feelings 0:-t. IS, 1837

if astonishment and indignation, of the intcrfcr- "Congress has been in session since the first ence ! Amos Kendall Postmaster, General of of this iivmth, but little has yet been done, altho United States, in our local politics, in bis re- thought many imp irtant questions are now under cent communi'vition to Levi D. Slamm; and tint discussion, and as they arc passed into a law, I the part taken by tho other officers of the gener- will give you item of tho same, al Government, servants of us, the people, in our j 'A bill has been introduced by Gov. Smith, city affiirs, and their efforts to bring the weight recommencing the funding of the public debt, and of their official stations into our elections, is an ; to issue treasury notes ana circulating medium impertinent interference, dangerous to our liber- among us, which wi'd be received at par value

ness, mamging those branches ot tho revenue

assigned to the lender?, and attending to, anJ securing the punctual payment of the interest, as it fell due.

"S far, thero was no bank, in our sense of

the word. But the chamber, in the course of its business, sometimes had occasion to purchase and sell bills of exchange: and as the means of the corporation was undo. ibted, and its chnrnctor highly rcspoctablc, it was boon discovered that its name upon a bill gave it additional value. The ch-unbers generally had some finds on hand.

fft . Ctiivftf an uti-.ntqi.nmia . . - . ft . - . n ft ' . rv

w. . I.ft". t.-7.illftl4.ftft.ll..tftia,iJ..:. .fta.,cl.BI . .II

" nlov tb:!t ftin in lho iiiiinc32 r.f I tiring unit

New Orleans, Nav. o. tilling exchange; and in process of time, the We publish the fdlowing letter from a gentleman - Chamber became a regular dealer in that branch in Texas, to his friend in this city ; it will be seen of bisincs ; fiat is it, adopted tho business of that many important measures are now before j discount, or lending mmev upon mercantile paCongress; but wo are compelled to differ with him per, one great branch of the business of modern as to tho probable result of the treasury circula- j banking. tion, all experience having shawn that the pa-! "Bv decrees, the Venetian merchants fell into

tha question was fairly tested, ;hat tha -m ' I ) rol herself under the, banners f CrT.M !

Ikmmeaarr. fh Iuuim nT m1 Li

m itiwiiKni K rake HioiairT. tea I

of General .Jackson influence, mmi -UM

baa given a majority of 20,000 for Y ! tickets ,

in the Senate, has overcome all tha tW

ot an unprincipled system of "Gerrv

ana now has a Whig Governor and

and a true Whig maj ority in tbe lower Congress, and counts at least 10,fjc3an?( gainst the "spoilers S1 'C Indiana, a short time since, was on &ei pawer by a majority ofrt.000 the now '

OC3 for tbe good cause. A

Kentucky, has added new evidences ef sV f

rat force wbich ranges her on the 'tide afV

democracy. Arkansas, is crowding forward to seek ajf ' amongst the redeemed and diseathraSesC last accounts favor the idea that the YTW J

tut mmKsf w v2f

ww iii ire insuinw ms m K Kalgf a derncss, instead of the Representatives HJ

.mtMwrtpjn, lAmisanm, and tt

swan, c auuni nor, will, IB ftUQ SBMjJ

...... .. ilVLUVUI ,9 . M.t7, m tTlnTftjssg tkrfft L- M t l.f. rr

Is Virginia anxious" tr the

honraT tkTat-: '

with New York and New Ifum.wJ.;

C, . : i . w

.ao ivumuuig w an ignominious th Let bcr sons consider this auedinn t ik

lection, and answer as their fathers woaW answered.

tijs, and deserves tbe unqualified

every republican citizen.

reprobation of with gold and silver for debts due the government

and pass in and out ot the treasury tor all govern-

bor, for s'ifo keeping; and llms was introduced tho b.isiness of deposit, a second branch of modcm banking. "It was presently fvind th.it a credit fr money depoaitod in the Chamlmr was q'Mte equivalent to so m ich cash in hand; and tire custom was introduced of effecting payments by the transfer of these credits from the uccoutt of the payer to the receiver. In this way th trouble of counting large sums of coin, and for transporting it from one part of the city to another was wholly avoided. So great were the surposed advantages of t his method of doing business, that what at first had lieen voluntary on tfec part ol the nicreh mts, was afterwards enforced by law. Kvery merchant w;is obliged to open a account with the bank; and all payments of bl.'s of ex-

This subject is better understood in England. ' mcnt purposes. This measuru will this day be

At the period when Mr. Dunning made his ecle- recommended very strong by the committee on bratcd declaration in parliament, that tho "infiu- finance, which consists of sixteen of ibo nvst inonce of the Crown had increased, was increasing,: telligent members of both Houses of Congress.

and ought to be diminished ' tho attention of the . I hope it will go into cttect, as in my opinion it change and in wholesale transactions were reEnglish freemen and patriots was particularly di- will redeem tho credit of our broken government, j quired to be made there, and in the nrnner j ist rcctcd to the interference of tho Government of- Other bills of less magnitude have been intro- j described. This method of effecting payments ficcrs in Elections. The friends of the People, in . duccd, viz: one for augmenting our Navy for j was plainly a rude approach towards the invenopposition to the friends of the Crown, immedi-' running the boundary line between this country tinn of bank notes; the circulation of which conately a?optod measures by which f n-ty thousand and the United States for ilisbanding ihe army, ; stitulcs the third nnd last branch of the business Government officers were immediately disfran-' and for removing the seat of government. Cum. of a modern b ink. That part of our circulation chiscd. This step was deemed of paramount ; Her. (which consists of bank checks, is only a very

importance for the preservation of popular liberty. The officers in the employment of the crown had been found numerous enough and influen-

! slight modification of this Vcncti in practice

"The B ink of Venice remained without a rival;

Wabash: and Erie

Toledo, Nov. 1.

Canal. The remaining i but about the beginning of the fifteenth century,

tial enough to carry the election in many of the ' nnni.m of this work, not before under contract, i similar institutions were established at Genoa and

boroughs, and the people of England very wisely which includes the distance from the head of the : Barcelona, cities, at that time thr; pride of Europ-, dotcrmincd that their own money should be em- R3pidsof the Maumee to the Indiana line, was and second only to Venice in extent ot trade, ployed through the disbursmcnts of the Treasury tet ai Defiance on Monday last. The terms ofi "Banks of Amsterdam and Hamburg;.

to infringe upon theirown rights, or purchase their I tho nriir.-irt i-cmur it tc hi comnlofo.d and tm- "It is not paper currencies alone thit are sub-

own liberties, dv for use bv the first of October. 1939. In two 1 jct to depreciation. Currencies of coin arelia-

Frotn the N. Y. Cour. &. Enquirr, Nor. 9. UNEXPECTED TRIUMPH "Glory Enough" New York Regenerated! The great contest is over; the cause of Principles, has triumphed; the Majesty of the Laws lias been vindicated; the People have rallied in

defence of the Constitution and Institutions of

the country : and Van Burenism and all its infamous allies are prostrated forever. The People; tho deceived and oppressed, but honest and patriotic People have risen in their might and proved their devotion to the great legacy of our Revolutionary sires by givimg tho most signal rebuke to their oppressors in ibis their strong hold, that

has ever teen known in our country. Here m New York -the Head Q lartcrs of the Tammany

I'arty the lit.tdel ot Van Uurcntsm, the very centre of his influence, power and corruption here, wher.ee have emanated tho vile schemes which have checked the prosperity and prostrated the industry of the whole country here, where the hand tf the oppressor has lccn mast severely felt, and w hero ho has impudently ltoastcd that

he wad invulnerable, he has boon defeated by n

I ni ij u-ity of m re lb --in TWO THOUSAND

Llvilll IlLNDilLD votes, and as ISew orkcrs we have the unmtnglcd satisfaction tf proclaiming that tho great Commercial Metropolis of the country has nobly done itsdaty. Yes, fellow citizens of the United States, wc have rspondeJ to your calb- we have been mind ft . ..... .

iui oi our obligations to the country and we are enabled to proclaim that Van Burenism ami Loco Foeoistn aro dead and buried. Tammany went into mourning before DoVIck Inst evening; and it will lc many a day. before she will exchange the spirit of heaviness 'for the garment of praise. The Coalition is in the dust. The citizens of New York have followed the democracy of Numbers. Tho citadel of the Crown has been razed to its P nidation. The towrr of hc Regency is crumbled. The dominion of Agrnrianism nnd Monopoly is broken up. The shackles struck from tho limhs of o ir mighty citv am' diinc more she stands erect nnd regenerate!! Rcjaice with us, Whigs of the Union! in ot rescue from the londago under which we hava long groaned. We cannot but feel that it is cause for universal j ibilee. The eyes of tk whole country have been turned towards tlis city. Air. Van Baren regarded it as his last hope. Defo.at hero he knows is the death of las administration. His partizans so consider it from Maine to Loiisan a. Tho ruffian dynasty which has so loig lorded it over the bind, is prostrate firevcr. It

must rnsign the sp'.t septrc which it so long brandished as a scourge and ci'rse over the country j Better days are in prospect for us al! ;da vs ofhonct and silutry legislation of a sound Currency, a prosperous Commerce, nnd the successful pros1!citi n cf humble industry and elevated enterprise.

LrvcTTB Branch IUns.-JW, jwUUU U articl. from th .diurnal ralamna of tb Laf.Tml!

l"'"ng earse ai.a th mtuuwr ia which

. miKHa, aaa prafaccd it with tfta.

maw inai wa Bad hum to bclirr than i m,u correct. Ia junic ta ih lu Bmi4 of Diracvm, taj ,

air. v hit the l ashier, an j otu dty to our taaihai,

tbe lacta ia relation thereto, we publith tha folio ut(

municaiioa irom a part ol laa aaaniben of fita an J

and we hope for the honor of our Siata tad bar oa) lw iug institution, that wa hare bean miainronnad. W -

blo to be affected in the samo way.

It was for-

sil

Thn resolutions of the Commons of 1779 has years from this time, therefore, we may exDect

often been appealed to. in illustration of the ex- tosee the Wabash united with lake Erie, and this merly a comm n expe lient with kings an 1 states treme jealousy of the English people, on this sub-; great line of transportation alive with canal j to debase the coin, that they might the easier pay

iect. One or the crown ollicers bad been Uetec-i boats. 1 he wn U extent trom the moutn ot n,e ' ,,,l,r ,JtlMS " " ut Prc'-,Jl-u ",,tu "'- J. .. . .!. . . .... .. i . n . : : i:..ik... l

te.I in writing to his friends in the county ot Sjutli- Miumee to i.ar avctte on the vvatiash is now ; itaiiimiiujin.iw iu piu.es uuu m i..oc .n.c wc ampton,dcsiring their support of the Government ' unJer contract, and more than half of that por- ; tf,liS P'oduced as were ever caused by the depren l.l.iA fi.r Pflinmont in that r.mnlv Ilia ! tm which liea within the limits of In.liina iant- Cliltion of paper currencies. TllC English pound

letters were produced in Parliament. The Torv ! readv constructed and navigable. It will be an(I ,llc French -'vrc were originally a ound troy J members made light of the matter and Lord j comparatively useless, however, until an outlet is ol" silver: but the former has depreciated till its ,

Vrtrfh in nirllrnhtr ri.'ico'f 1 thf Mm that ihrra nncncil tn IjliP Crift. Oliiocannot tliercf,,r. optiq. value IS less than tive dollars, While the Iivrc IS

was anv thing alarming in this course ot conduct.! ecute nersaarcot tnc worK with too macn vigor.

ILs language excited a storm of popular indignation. On this occasion the House of Commons, without a dissentient voice, adopted the following resolution: Resolved. That it is highly criminal for any minister or ministers1, or any other servant of the crown, in Great Britain, directly or indirectly, make use of the power of his office in order to influence the election ot members of Parliament; and that an attempt to exercise that influence was as an attack upon the honor, the dignity and the independence of the Parliament, an infringement of the liberties of the People, and an attempt to sap the basis of our free and happy institutions." By the laws of England any oflice-holder who attempts to influence the vote of an elector who meddles or interferes in any way with the elections is not only rendered incapable of hol

ding office, but is subject to a heavy fine. The. reason of this is obvious. It is to cut down the , otherwise enormous and overshadowing influence!

of Government patronage and to secure to the People their legitimate authority and power. And yet we see government officers writing elec

tioneering letters, making electioneering speeches.

presiding at electioneering meetings ana inrowing tho whole weight of the Treasury patronage and plunder into the scale of the Government, and against the People. Will the People suffer this interference to pass without rebuke t N. Y. Cou.

ana cnq.

hardiv worth twenty cents

j "Bat thero is another caue for tho depreciation of a mctalic currency, independent of the dishonesty of governments. Coins are worn and

wasted by circulation; they are clipped by the 1 i... .1 . . t. i i.

Kentucky, as well as every State in which an c- . , , .' -it i .- ,: ... . , , . n ; below their nominal value.

iccviuii lias mcouv uitt'ii uiujc, tc.xcepi renn

Clev. Her. Witt, Mr. Van BracN and R. M, sto.n? Since the States of New

Johnson Re-

York and of,

"At the beginning of the seventeenth century, the D.itt h stood at the head of the E iro,ean commerce, and Amsterdam, the capital of Holland,

was the central point of trade.

Amsterdam consisted not onlv

of its own coins,

i but principally of the coins of all the neighbour

ig pieces were sc

short several per

sylvania.) given overwhelming m.aj irities against the Administration, ought not Mr. Van Baren Si. R. M. Johnson, (according to theirown professed doctrine, that the public servant ought to obey

the will of the people.) to resign their repeciive

Villi Vis 1 - - . .

... - ft . ... ., ; ing countries: and many ot the pieces were so

. p sr .iiiiii i in Fnrr v run 1 1 tf a a v n rTi - . . .

, , ,r ' r, ... ; worn and mukilated as to fall

sF lliuiuu-ti Ull.l V"li.J'lfti ift. Vll.llllC 111 IfU Ul . 1 ft . f. . , . , r cent, in point ot actual value. B it as these coins

m-ii mucin, in so mun a iicrioo, as mere nas oecu . , , .. . . . ..' . j ' - - . , .. i were common ' received at par, in all transactowards tho present Administration. No doubt . .- i . . - - . u .. .u t , , ... t, - 1 tions, it was impossible to get anv new com into now remains but the President and Vice Presi-, - , .- r r . T r i j u .u . , . . ., circulation, for as fast as it was furnished bv the dent have an immense majority against them. . . o . j i. j ? . j T, .i r , i , - - - i mint, it was collected, melted down, exported as Thev are therefore bound by every principle . ' , -. , .. e . .1 u -t.r.- a c . .i : bullion, and its place suppueu by a fresh unportathev have always advocated in reference to the i u. - i . . e i ,i c (.;. , ., , M, . jtion of light corns. But payment of bit's of n. mft.fta t Inn fnni I aiIKm .a l - ldM. I

1 1 - ' I II. UUII." V. ftlft. . v. ' . ' i v. , tuuci ft.' ft(ll"'C .- ft J I . . , , ft .... , .r.i..i. m-cw-'? exchange would only be accepted in the legal

money of the city ; and great difficulty was off ten experienced in procuring such coin as would

be received; or, it the bills were made payable

From the Richmond Whig. "KEEP THE PEOPLE BACK!"

When Afpius Claudius beard the murmuring of the Roman citizens against his unj ist measures, he cried out in his perplexity , "Keep the People back!"' For a while, his commands were effectual, and the swelling tide of indignation wns temporarily stayed, but his efforts to smother the kindling spirit cf resistance were vain and fruitless and in a little while the unworthy Decemvir was hurled from his throne to a prison. A modern ru!.-r may seo something in the late movements of the People, to remind him of this sudden subversion of fancied trenguh and sc-

msjorily of the jsnt'amon who haire pubiiaSed lha tJlnJ card, we have a peraonal acquaintance, and we kaaa a.

of them al laaat, are warn a of honesty and probity. f

urricK tatk hank or IndiaxaI Lafayette. .Ver. 8, lb37. I - w

air. iatii. In reply to yourcditnrial of last week Wa a a " . a a 7

uoard nave to say that as to ttie accoi

extended to the Insurance Company, it

as not to interfere with the amount of-di

our citizens. The Board were under the i

s ion that they were authorized by the charter

extend thi accom tdation of five thousaad

the State B-van!, however, requested that it ti

be withdrawn which request has bees cosajVI

Willi. The charges as communicated to rot is

lation to Mr. White' having issued the fuas

tho Bank for bis own purpose and lnanaaaWI

amount to a particular friend are in tubftastti -correct, nnd as to the balance of the charje f gainst him, they are entirnly incorrect. i;

'i'i. .: aa

i iiu irniiHicuon tuning ivicxsr. lav Ml

Mirshal have one thousand dollars, and am

king the proper entries to the debt of the

ance Company was not etririly praper, yet

ISjard arcsttisnco tnai sir. lav lor was innocent of tho manner in which tk

wan kept, of that transaction with (be

Company, and that Nr, White had a 4taViv4

motive or once thought of rndaneriof fstrW ter, or that ho ipwnded to fi vor Taylor and Mai fbal, and it m denied by Air. While that Wl ever bencfittod one'ernt y the operatfoav eral of the stockholders have been in the tM fincc your editorial appeared to rxatnim ij

ininuies in rcianon to una iiiam-r, have not been in are hereby particularly irWI

t call nnd examine for lhemclves. As Is I White's having a motive in not bringior tf I minutes, we lielieve it to bo entirely laoaK Mr. Merrill invited Messrs. T. T. IfcnhV Jolin McComick, R. S.Ford, and J. 8. Hamstj to tho bank on tho evening before he kJ which time all ibo ol joctions made to Mr. were talked over, nnd ihe proceedings on fk hie before him, and particularly the J1000h action. Mr. Merrill mentioned a fciniilsrctK

ono even worse, and said that he would Mr

for ruining a xourgnmn f r one such

even the worst construction be put upon ihttaj

action that rotild lie. Ilti also elated thai

books were well kept and that he had fueadd thing right, nnd that ho had always bcea aw

ly iilcased when making his rxaniinstiesi.

to Mr. White's ver withholding any of tat!

ceedings of the State Board from our k

it is entirely incorrect and can lie proves T

minutes, It is due lo James White to state to the

that he has been and is an efficient Caahier he is a voung mm of untiring iadnsfry

that wo have unlimited confidence in bis

DAVID IUJNNKW, JKSE ANDREW, F.DW. BARROfJ

JOHN CL'Bm TflOS. T CESS

SAML- TAYL0X,

R. S. FORD, W. P. HEATH, J. 8. IIANNA.

IiraaWj

Rrccsrrrjo or Srrrtm Vmt mrnrs. We

curity. He has bad fiequcnt cause mentally to exclaim: "Keep the People back!" But "Mill they

...... " . . I ur.v ilT w bhi

crme. from -.nam toOeorgia, tnc reucuious tb.tthe bnk.f thia eitr have acceded v om

s: irit of the "democracy of numbers" has been j fimatarted by the New York Ranking iontiiatiaea,

manifested. From the wilds of Arkansas to the j holdinc of a ineetinc in taat city oat the) 87 . rx- . .1 .i it: ..,.: r tha Durrmie ot delibaiatinar udom Uts ntlM I

green muunaiins oi crmoni, inc iiiiioiiiu , . - . . M fe ...... , . , . . of reum:ac aaci parmenu. Tka cnodifcosaf sj

reseneraiea mm ions nns tccn uomo on mc

sing breeze. Neither the prt.-miscs of gol

tbe mandates of a stern chieftain, have been

, f reaumiaj aaci paymenta. ' j ia eurh that, let the resumption t., nor ; prepare 'or it. Bat, wa are i

lion enme Sea it wbJ,

not altneetber rrm

re.-y ear!y resumption would romport wiaa tno

The currency otj ( jfficiant to "keep the People back." They the community. I wwld b, uaavoidab.y "dfT

. v. ....... . - which are neceuary l kep open tha cbannelaaf aa

j commerce. Hut, notwithtaading Uii f Meery

tion be considered wine act politic, wa hof aoived upon wariiy and, in full concert, ajasfa of the dar upon wh'cb it ia lo take place ariB aSfS

political measures altogether or RESIGN. Will

they do either?. A few weeks will prove whether there was any honesty in their professions. Cin. Whig.

in currency, their value

tuatmg and uncertain. "To remedy these evils.

as in consequence

fluc-

Loweb Sa35"dcskt. According to the Times, j this town is in a flourishing conJitioo.outrivalling j in business and prosperity every place within 75 miles of it. About 100 buildings have been !

erected trie past season, some ot them large ' Rank of Amsterdam

elegant dwellings. Xhe

A Slick Hobsc Thif. We are informed

that a company went to the house of a horse thief,) in Weakly county, a few nights ago, to arrest him; and to prevent discoverv. tho rnmnrnv tied

their horses a short distance "off, and crept up toj Aur the house with irreat precaution. Th thif; neri

smelt a mice7 and slipped out of the back door; took the best horse in the company and has not been beard of since. This we think, surpasses ome of Murrel's tricks.

I ff thc Sandusky, has also been more extensive- j lnc current coin, for wbich tbey received a ! Iy unproved. A steamboat plies daily belweeu on lta books equivalent to the intrin.'i? va

aors; Osapes. The editor ef the Forwich

rora in noticing the deteat of tne Tones ex

perienced in the New Jersey election, endeavors

to consoio his readers by telling them that "New Jersey is a little State." Wonder if Connecticut Won'sturn into a "little" State next Spring!

Hart. Cour

have rushed ot the rescue of a violated Const!

tution they have grthered in their strength, and

sundered the sharklcs of astupifying idolatry. Witness the work of regeneration; In Maine, a State begirt with custom-house?, and overrun with Government stipendiaries, a majority of 10,000 for the Administration has been overcome, and the Whigs have riumjhed by 500 maj rity. Rhode Islnud, small as she is, mustered I, COO for the cause of sound principles and stands forth among the brave and the free. In .Vcic Jersey, the slumbering spirit of tbe Revolution has been re-animated, and ihe sons of the Jersey Blues have proved themselves worthy of their sires. They, too have furnished a thousand "good and true," over and above tbe number necessary to prostrate the cohorts of power. Connecticut bas given symtoms that when tbe country is really in danger, her people will gather in their strength, and aid tbe good work. Maryland is steady in the cause of tbe Constituion. and will nat falter. Pennsylvania has given unequivocal signs that tbe seeds of regeneration are quickening, and that good fruit will be ripened for the general harvest. Last year the Van Buren majority in the Legislature was 38, now it is but 12. North Carolina that once slumbered in tbe consciousness of her power, and was overrun by the encmT Kaa ftrl.fiiil. and (riven token t Km t

i she will not a train becaus-ht nappim?.

"Thus was created aperfectlv uniform curren- i Gearpiahn. maintained her integrity, and e-

'cyfor the transaction of commerce, and bank Ice ted a Whig Governor; twice proving, when

the authorities of

Amsterdam resolved to have recourse to that

system of bank payments, w bich had so long been in use at Venice. This was the origin of the

. ...... . - .". . ."III. a UI lltldl 1 I Ul .

immense water power ; to the bank paid into its vaults certain sums in

a credii

ntn r.f

iae town ana JsanausKy city. lie. ! th. bnnit Th.e. .vh;.. i- K z

ft. UVft-'W a WW ai, ft rf fiU'JW U aW3 Wm9mm

j tbe deposit. These credits were known

money; and it was enacted by the legal authorities, that all payments of bills of exchange exceeding six hundred guineas in value, should be made in this bank money, which was equivalent to, and wbich represented, the standard coin of

the city.

that, then, every one of the Rank, t the luaalty t'ire ch measure a to reader it certain tnai aWsnj that dar will not find them u ware oared. taS"ri

over cod&deace coca teatored ad mO J

ExrarxctJtc. We learn that tbe

"aolitary and alaon, he) pwt home. wm vary careful to ragieter bt name is fan, BieeaT bouee where tbe atae aaade the eaaaltoat delay. formed by thane aba followed after hiaa, that SS all along tbe road from WaAbiegtoa to WBeeiaajpw-j following tpoctacle: ' ' ' J rrrrJi

I T I rtt. I ailiai I aiEc I I TSeve-i

r w

-4T a aaaav-L

At on of tho bouee in Wheeling,

man. a sentinel waa placed otct tbe

"black line" operation. But late

nel "I-pt oa bi poet, the "dark ddT ar

too Intelligencer. We were agreeably surprised 7e?m'm4 eeia) a riait from an oJJ couatxy friend - y ae of th wo.d. Wa arete reminded tT jfC tbe time for the yearly aeeetiag of tbe mfmjjaw1 and (bat ha bad left bi hoane far thai ia " "-i

an learn from him that tk

la rre and that all wm peace

Ia paaeiag along Market atract yeaaaadey, ? rajrt number of broad brim and V ass net. Jgahnaerr CnevmUku .:

It is not true that Hohnumm is wmk.