Rising Sun Times, Volume 3, Number 148, Rising Sun, Ohio County, 10 September 1836 — Page 2

From the Indiana Sign-il. LAW'KKSCEBl IWll HKANt II BANK. The banking system of this state is

truly most admirable in its features, and unexceptionable in every respect w hen managed according to the original design of its frame rs. The capital of this institution, as is well known, is owned in part by the state and by private stockholders. The whole inltnUcn of the originators of this Bank was a regular system of the doposite of our public moneys, and the conversion of these monevstothedirect benefit of the whole people, and not to any certain few. This Bank in its purit is truly the people's Bank Its capital is mostly the people's money, which should be preserved for their use and rpecial benefit. The charter allows an interest of only six per cent., which small interest was intended for the accommodation of the whole people. It is our design to investigate the present police of this institution, and learn whether the people are accommodated according to the design of the charter or not. We claim tile right of investigation, in as much as the Bank belongs principally to the people, 'and not to private individuals. It is incumbent on us, to make known the corruption of this institution, if unfortunately there should be any, and keep the people well informed at all times, of the condition of their moneys deposited therein. If it becomes our painful duty to publish any corrupt deed" in the management of this Bank, U shall arise from the demand of the people; they have a right to know every actual movement of the protectors of their moneys, and if their money be not kept for their sole use; if under the control of one or two individuals who reap the whole fruit of their treasury, and deprive the people of the accommodation which the f ranters of the State Bank designed for them, then the people have a right to so re-organize this institution that it will contribute to their sole benefit. We believe in (lie present condition of the Lawrehceburglt Branch Bank, the people are ahr.ot n hotly deprived of these accommodations, which the bank was incorporated to oiler to the people. And that so far from complying with the real designs of this institution, its management has been, to the indirect violation of its charter; one or two men have got nearly all the capital under their control, and thus erery accommodation which the Bank oilers to the community, they have assumed to themselves. And not only this but they have so united this institution with the Lawrenceburgh Insurance Company, that we believe "a part of the Bank capital which should be loaned out at six per cent., is loaned in reality at about 12. This outrage on the people's money is not committed openly, but in an underhanded manner. The president of the Insurance company it is well known, is cashier of the Bank, and hence arise many opportunities to direct the Bank capital through the channels of the Insurance company, and to take an enormous per centage when in reality they have no right to claim only six per cent. Thus these two institutions, the Insurance company and the Bank, have been blended in one, by the officers of the former, who have been made officers of the latter. These charges may be denied but it will be perfectly useless; "facts are stubborn things,' and they will plainly show that what we have said is true. Is this not a fact, that some citizens of Lawrenceburgh and of other parts of this counlv, and of the counties adja cent, have come to the cashier of the Bank, alias the president of the Insu ranee Company, and demanded of him the loan of a few hundred dollars, with all the security that could be asked and have been told that there is no money in the vaults, that they might be favored by the all-accommodating In surance Company ? When the presi dent of the Insurance Company, alia: the cashier, would take the same mo ney which in fact belongs to the Bank, and call it the funds of the Insurance Company, and charge more than 12 per cent., at the same time pretending to loan at 10 per cent. I bus the mo hey for which you ought only to pay six percent., you are compelled to pay more than !'2 per cent. or in other words for every thousand dollars the loanee claims of the Bank, he is plundered of Gl dollars, which of right be longs to no body but himself. But it may be asked how it is that the Insu ranee Company, whichoftentimesowria all the money there is in the Bank takes more than ll2 per cent., when their charter allows them only 10 per cent: 1 his question is easily 9oIved by any man who has ever drawn money out of this Institution for every one hutidied dollar he. draws he. must pay !1 in advance, which put at interest at

the rate they loan at, would amount to I little more than 12 percent; the loanee is told he must pay 10 per cent, but in fact pays 11 this addition of one per cent, is called by the Cashier "erchange." Would it not be exchange if the cashier would pilfer from the loanee's pocket that money? He could just smooth over the matter by calling it "exchange.''' We will now show how Bank money is often loaned to the people at 20, 30, and sometimes even 40 per cent! Is it not a fact that some citizens, who were in a great wnnt of money, have applied to the Bank and been told there was no money in the Bank or Insurance Company; but that they might obtain the article of our modern ''Shy lock,"1 who presides over the destinies of some of our moneyed institutions; and who would favor the applicants by taking sometimes 20, 30, 40 per cent., just to suit circumstances. We know oneo'r two citizens who have been treated in tliis manner, who, compelled bydire necessity, have paid 30 and 40 per cent, when if justice had been done, if the real intent of the Bank charter had not been trample'd under foot, they would have received this same money at six per cent. Now all we ask is an investigation into the management of this institution. As the Bank was incorporated for the accommodation of the whole people, we wish to know whether it is not an indirect violation of its charter, to confine its benefits to one or two individuals, who can cotrol all the moneys deposited therein, and instead of loaning them to the people at six per cent, according to the provisions of the charter, they loan at an enormous per centage. We would

have no quibbling about this matter but the plain simple course should be pursued which is marked out by the charter no coalition of the Bank and certain Insurance Company, which las almost unlimited privileges no suffering the control of the Bank mo ney to one individual but an open, manly course and then the people will be perfectly satisfied. Let the Bank and the Lawrenceburgh insu rance Company be severed let the president of this Company keep aloof from the Bank. They ais two institutions, too dissimilar in their nature to be united. The one is an Institution which was incorporated in an earlier period of our State government, with privileges which any Legislature since would not have granted, and whose stock instead of belonging; to citizens of this State exclusively, is owned byspeculators of Cincinnati, to the exclusion of our worthy citizens who suffered the toils and hardships of settling this part of our State; and for whose spe cial benefit this Institution was incor porated. Whereas in the other Institution we find, a part of our public moneys, and a restriction by us charter to loan at six per cent. Is there no remedy for the great evils which we have pointed out? Where are the guardians of our public mo neys? that they do not take notice of this great and growing corruption. We have not aught to bring against the Lawrenceburgh Branch Bank, when pure as it was originally formed we believe it to be an institution calculated to benefit the whole com munity, if kept pure and uncontaminated it alone and ununited with anyother institution. We are not alone in our complaints there is a public censure which by no means has been unmindful of the corruption there are stockholders who utter their bitter complaints aloud who say that privi leges that belong to them as citizens of this state, have been plundered from them, and granted to Cincinnati capitalists. We do not blame the stockholders of this Bank, if they have made money; it was because they had an opportunity so to do, but we dis approve of the course pursued by that institution; of its confining to one or two men the privileges that belong to the whole community, of its union with an institution, which we believe to be its very organ of corruption. From the Matches Free Trader. TEXAS. The following communication was handed us this morning, by Wrm. Parker, Esq. of this city, who has just returned from Texas. Natchez, Aur;. 4, 1330 Dear Sir. I left Nacogdoches on Saturday morning the 23d ult. Previous to my leaving there, four companies of United States troops, dragoon, from Fort Tow son, had arrived; 6 companies of infantry Would be in Nacogdoches the next d?.y, making in all ten companies. (ieneralGainesthinks with this force he will be able to keep the Indians quiet; I think it doubtful, and should not be surprised if the Sabine should be the scut of an Indian war.

Many rumors are afloat as regards the Indians' intentions. One thing is certain Bowles,the Cherokee chief,is determined to obey the commands of the Mexicans. lie says he is a Colonel in the Mexican army, and will obey their orders. Speaking of the U. S. sending Iroops across the Sabine, he says that Gen. Gaines dare not cross the Sabine; that he, Bowles, knows the treaty ns well as Gen. G. does. If, however, Bowles falls into the hands of Gaines, I think he will Jacksonize him a little, at least hang him tip to dry. The clay previous to my leaving, four companies left Nacogdoches for the Texian army; two of horse from Red River, and two of Infantry from Kentucky judging from their appearance I think they intend to play the game out they were all well armed and equipped. Two gentlemen came in from the army previous to my leaving, bringing the news that the Commanding Gener

al, Lamar, had sent two companies for banta Anna, to bring him to head quarters, as they say, to try him for his life The general opinion is, that it is to keep him safe. General Houston has written to the Commanding General, protesting against this proceeding, and states as a reason that they had entered into a treaty with Santa Anna that this trea ty has been sent to the city of Mexico that commissioners have also been sent to the President of the United States, neither of which have as yet been heard from; and that he thinks, in jus tfee to Santa Anna, they ought to wait thejr decision, ihe reoort of Santa Anna being in irons is not true. Previous to these gentlemen leaving. there appeared to be some misunder standing as to the intentions of the Cab inet in appointing Lamar to the com mand, not knowing their views, wheth er he was to be Commander-in-Chief, or pro tern. In order to put the ques tion at rest, they took the vote. On counting the votes, there were nineteen hundred for Houston, and three hundred for Lamar. I have seen many men from the army while there, friends of Houston as well as enemies, and they all agree that Houston is the commander, and that no other man could get the command, and the more intelligent say that it was never Burnett's inten tion that any man should supercede Houston. The Texian army are at Victoria, on the Warloope. The Mexican armyare in ihe neighborhood of Matamoraj, three hundred miles from the Texian army. I spent some time with Gen. Houston his wound is healing. Dr. Erian, his attending physician, speaks of the wound as if it was well, and says that the General is in better health now than he lias been for two years before, lie i3 in fine spirits, and informed me that he would start for the army in about three weeks. I stopped at Gaines1 camp a few hours. The General informed me he expected volunteers immediately Irom Mississippi, Louisiana, Alabama, and Tennessee. From the Ohio State Journal. INFLUX OF FOREIGNERS. Our correspondent Yorick, notices an evil, the existence of which is beginning to be felt, but for which it seems extremely difficult; if not impracticable, to provide an adequate remedy. We allude to the swarms of indignent foreigners, whom the selfish policy of sundry European governments is vomiting upon our shore, and who, Horn their ignorance, vicious habits, and former associations, are far better calculated to swell the numbers, or increase the violence of a mob, or to assist in overturning the libertiesof the country, than to discharge with soberness and discretion the duties of American citizens. It is, however, much easier to ascertain the existence of a disease, than it is to cure it. To close the door against immigration, or to repeal our naturalization laws, as has been suggested by some, would bo inconsistent with the spirit of our liberal institutions, and the generous policy which has made of these United States -in asylum for the oppressed. Besides, 't is doubtless owing, in a great measure, to the free admixture of all sorts f people with the natives, that our national character exhibits so much activity and enterprise the feverish restlessness which, in densely populated countries, frequently leads to insurrection and civil war, having found an ample and salutary exercise in the settlement and improvement of our own. It is, however, quite probable, that, in the course of time, when our vast Western territories shall be in some measure covered by an active and busy population, it will become necessary to check the progress of immigration, by depriving foreigners of a portion of the advantages, which they now enjoy.

Indeed, in view of the riots and distur

bances which have latterly taken place in many of our cities and large towns where tins class of people are mostly congregated it may perhaps be urged, that it should now be done. But, in what way? is the important question. To reject all immigrants indiscriminate ly would exclude thousands of worthymen, who, persecuted in their respect ive countries on account of their reli gious or political opinions, may be de sirous ot seeking an asylum amorif u a? well as many enthusiastic lovers of freedom, who, in principle, prefer to live "unhonored and unknown" in a Republic, to b'cinsthe favored subjects of even a constitutional Monarch. To require a property qualification from all foreigners, previous to their admis sion to the rights of citizenship, would likewise be objectionable, inasmuch as it would create an invidious distinction between the rich and the poor, inconsistent with the equality which forms the basis of our political system, and dangerous to the permanency of our present form of government. In our view, the only safe and equit able restriction winch should be placed on immigrants, would be to requite of them, prior to their naturalization, sat isfactory proof of their being able to understand, and read pretty fluently, the language in common use in the United Stales. They cannot now be admitted to the privileges of citizens until they have resided at least five years in the country. This period is long enough to enable any man possess ed of an ordinary understanding, and of a moderate share bf industry, to acquire the. necessary qualification; while the study required for this pur pose, would enable all such, not only to cultivate their mental faculties; but also to make themselves in some mea sure acquainted with thela'.vs and insti tutions of the country in which they intend to make their future residence a kind of information of which great numbers of these people seem to re main deplorably ignorant many year after having been admitted toths rights of citizenship. We throw out these few hints on the spur of the occasion; not because we attach much importance to our opin ions on a subject to which our attention has not been particularly directed, but because we think the time is approach ingwhen it will be deemed worthy of the most ser-ous consideration. AVAR AT HOME. Richmond. 1a. SeDt. 3. We understand that a desperate en gagsment took place the latter part of last week, in Randolph, near the north line of this county. The particulars so far as related to us are these: The Sheriffof Montgomery County, Ohio, with a posse of men, came in search of a certain David Smith, who had been recognized tb the Montgomery Cdiirt, on a charge of having passed counterfeit money, and who had forfeited his recognizance. The Sheriff had authority for his removal from this state, and with his company, found Smith at a shooting match and attempted to take him, but were resisted by Smith and some ten or twelve armed associates, most of whom were suspected of being connected with an extensive gang of countefeiters resident in that neighborhood. During the fray, several shots were fired on both sides with intent to kill, hut although several escaped very norrowly none were killed. One of Smith's party had a fingcrshot off, another his scalp scored by a ball, and one or two others slightly wounded. Guns were then clubbed and some of the Sheriff's party severely beaten. Smith and his party retreated to a "Hurricane brake" or thicket of woods, a few miles distant, where they fortified themselves and posted sentries, but the neighborhood collected fifty or sixty men, who in the course of two or three days succeeded in taking eight of Smith's party, seven of whom are lodged in the Randolph Jail to await their trial. Smith is still ut liberty. Palladium. A Mississii-i'i Steamhoat. The Wheeling Times, in giving an account of a new steamboat recently launched at that place, intended for the Mississippi Trade, says: "She will leap out of the water at every turn of the wheel, rundown all the small craft, snap off the sawyers, and be a ring tailed roarer, from the Gulph of Mexico to the mouth of Ihe Ohio. Her furnace will be a volcano, her pipes roar thunder, and every stroke of her paddle shake of an earthquake." Emigration. For the last six months, eight large vessels have, on the average, sailed from London every week, with emigrants, to North America; among them farming laborers from Kent, mechanics from London, &.c. Most of them, however, paupers, as usual.

RISING $UiT

SATURDAY ,....SEPTEMUER 10, 183ft. CIVIL ENGINEERING, The attentien of the young men of this sec tion of country, and of the West generally, who are desirous of studying the important science of Civil Engineering, is invited to tho advertisement of the Trustees of the Indiana. Teachers' Seminary, located in this village, which is published in to-day "s paper. In addition to the statements contained in the advertisement, we will add that the beautiful locam of Rising Sun, being on the immediate bank of Ohio river, and consequently easy of access its unsurpassed health the cheapness of tuition and hoard and the qualifications of Frofessor Twining, when taken together, give the Indiana Teachers' Seminary superior advantages over other institutions of the West, where Civil Engineering is taught; and w; have not the least hesitation in saying that all who enter the Institution, with the view of pur suing this study, will not leave it dissatisfied. 07"The price of Wheat in this village, is now ONE DOLLAR per bushel. Flouris sel ling at $6,25 cents per barrel. The Cincinnati Gazette of the Cth instant, quotes Flour, frorti wagons, at 5,75 and $6" Wheat til l-'Z and 90 cents. The Louisville Trices Current, of the 3d instant, quotes Flour at $7 per bbl.; Wheat $1 per bushel ; and Flaxseed 75 cents per bushel. iVcw Orleans, August -0, Flour $0,75 and $'). iS'ew York, Aug. 24, Ffour 7,75. (tj-An election was held in Randolph town ship, on Monday last, for tivo Justices of tho Peace, which resulted as follows For James A. Walton 206 votes, Joel Decoursey 14G,John W. Hall 123. Oj-We publish to-day, by request, un article from the Indiana Signal, on the conduct of the Branch Bank at Lawreneeburg. These complaints do not come from Aurora aloneit is a matter much spoken of throughout the county. If the charges are incorrect, why does not the proper officers come out and sav so? Vc will cheerfully publish their vindication. But their silence convinces lis the more strongly that there is something wrong in the irianagemcnt of that institution. TAXES! Wc have Heard a rtumberof people speaking of the high rate of taxation the present year. Many are paying double the amount of Taxes that they have ever paid before; Jji'.t this is only a beginning. We advise people not to complain too soon, but wait another year or so, until tho whole of the mammoth loan gets into the State, and the interest on it is to be paid then will be the tiriio for ye to complain of hijrh taxes. 0jThero is now a line of steamboat, in addition to those carrying the mail, running on the line between Cincinnati and Louisville. A boat leaves each place daily, at 4 o'clock, in the afternoon. The Paul Jonks and the Echo, are the boats employed in the line. (5Tho "Indiana Signal," published at Aurora, says " there are nineteen editors to' n neighboring paper names unknown!" This certainly can't be an rtllv!sidh to the Palladium. Speak out, Mr. Signal iell us plainly who you mean. But, be Careful. Mind, Milton Gregg's a Tierse fi real biirsttt lie might lick vou! fjr7lf the Palladium has "nineteen editors" they cannot all be very busily employed. Tho last number of that paper contains five columns and a half of reading matter a column and a quarter of which is editorial the remainder is advertisements. A friend at our elbow tho other day observed that one of the editors dono his share in writing patent medicine advertisements. We took the hint. There are just live columns of these advertisements; and if the advertiser is not an editor, he is, or was, an endorser for the establishment. 07-The following toast was given by Doctor Drake, of Cincinnati, at a Barbecue at Knoxvillc, Tennessee, at the close of the Internal Improvement Convention, which met thereon the fourth of July last: " The Ladies of Tennessee In their matrimonial connexions, may they take husbands from the South and the North West, that our bond of union may be one of pcrfcit love.'"' Madison, Au;ust 31. A robbery, which for daring and boldness, has but seldom been surpassed by the accomplished rogues of any place, was committed at our wharf on Friday night last. The circumstances are these: A Mr. Wood arrived here about b' o'clock 1. M., in the mail boat from Cincinnati, and after waiting upon a lady to the Hotel, he returned to' the river, to see to his baggage. He had it all taken up, as he supposed, to the tavern, but in a short time, missing some articles, he returned to the wharf, in hopes of finding them. By this time the crowd usually there, had dispersed. On his way back, and before lie reached the top of the hank, he was suddenly assailed by two men, one of whom knocked him down, Covered his mouth so as to prevent his making a noise, and then took his pocket book, containing $2340, and a valuable patent lever silver watch. Being stunned by a blow he received, the robbers had accomplished their work and made off before he recovered. Immediate search was commenced for the