Rising Sun Times, Volume 4, Number 163, Rising Sun, Ohio County, 24 December 1836 — Page 2

(Continui i! from fourth p:s::('.) used bv the advocates of the United Suites B.mk in estimating what they

COiii ider the domestic exchanges trans::eted bv it. the result will be stii more f ivirable to the depoite banks. The w'.v.I-j amount of put. lie money transferred by the Bank of the United Slates in 1 8 J J, was ,s i G.030.0 0. The amount transferred and actually paid by the doposite banks in the year ending the first of October las!, w as n:39,3t(J,S9J; the amount transferred and paid between that period and the sixth of November, was ,0.31)9,000; and the amount of transfer warrants outstanding on that day was 1 L I 00.000 ; making a:i aggregate ol These enormous sums of money hrst mentioned, have been transferred with the greatest promptitude and regularity, and the rates at which the exchanges have been negotiated previously to the passage of the. deposite act, were generally below I'no-e charged bv the Bank of the United States. Independently of these Services, which are far greater than those rendered by the United Slates Bank, and its twentyfive branches, a number of the deposite banks have, with a commendable zeal, to aid in the improvement of the currency, imported from abroad, at their own expense, large sums of the precious metals, for coinage and circulation. In the same manner have really nil the predictions turned out in respect to the effect of the removal of the deposits, i step unquestionably necessary, to prevent the evils which it was foreseen the bank itself would endeavor to create, in a final struggle to procure a renewal of its charter. It may be thus, too, in some degree, with the further steps which may be taken to prevent the excessive issue cf other bank paper; but it is to be hoped that nothing wili now deter the Federal and State authorities from the firm and vigorous performance of their duties to themselves and to the people in this respect. . la reducing the revenue to the wants of the Government, your particular attention is invited to those articles which constitute the necessaries of life. The duty on salt was laid as a war tax, and was no doubt continued to assist in providing for the payment of the war debt. There is no artic le the release of w hich from taxation would be foi- so generally and so beneficially. To this may be added all kinds of fuel and revisions. Justice and benevolence unite in favor of releasing the poor of our ciaes from burdens which are not necessary to the support of our Government, and lend only to increase the wauls of the destitute. It will be seen by ihc report of the Secretary of the Treasury, and the accompanving documents, lhat the Bank of the United States lias made no payment on account of the slock held by the Government in that institution, al1 1 1 o li ii h urged to pay any portion which might suit its convenience, and that it has given no information w hen payment may be expected. Nor although repeatedly requested, has it furnished the information in relation to its condition, which Congress authorised the Secretary to collect at their last session ; such measures as are within the power ofthc Executive, have been taken to ascertain the value of the stock, and procure the payment as eaily as possible. The conduct and present condition of that Bank, and the great amount of capital vested in it by the United States, require your careful .attention. Its charter expired on the 3d day of March last; and it has now no power but that given in the 21st section kito use the corporate name, style, and capacity (or tiie purpose of suits for the final settlement and liquidation of the alFiirs and accounts of the corporation, and for the sale and disposition of their estate, real, personal and mixed, but not for anv other purpose, or in anv oilier manner whatsoever, nor for a period exceeding two years after the expiration of said term of incorporation. ' B' fore the expiration of the charier, the stockholders of the bank obtained an act of incorporation from the Legislature of Pennsylvania, excluding only the United Stales. Instead of proceeding to wind up their concerns, and pay over to the United Slates the amount due on account of the stock held by them, the President and Directors of the obi bank appear to have transferred tin; books, papers, notes, obligations, and most or nil of its properly to this new corporation, w hich entered upon business as a continuation of the old concern. Amongst other acts of questionable validity, the notes of the expired corporation are known to have been used as its own, and again put in circulation. That the old bank had no right to issue or re-issue its notes after the expiration of ifsr.hartcr, cannot be denied. and that il could not confer any susJt right on. its

substitute, any more than exercise it itself, is equally plain. In law and honesty, the notes of the bank in circulation, at the expiration of its charter,

-hould have been called in by public ad vertiscment, paid up as presented, an 1, jit together with those on hand, cancelled, and destroyed. Their re-issue is sanctioned by no law, and warranted by no necessity. If the United States be responsiUein their stock for the payment of these notes, their re-issue by the newcorporation, for their own profit is a fraud on the Government. If the United States is not responsible, then there is no legal responsibility in any quarter, and it is a fraud on the country. Thev are the redeemed notes of a dis ?oIved narlnership. b-jt, contrary lo the ! wi-lns ot the retninr partner, ana , ' : f .1 ... II' and without hi con-er.t. are a-1 am rei; Mo.l ntvl f.rnil-itrwl Il i- t lie high and peculiar duty of Congress to decide whether any further legislation be necessarv for the se curity of thelargeamount of public property now held inusc by the new bank, and for vindicating the rights of the Government, and compelling a speedy and honest settlement with all the cred itor of the old bank, public and private, or whether the subject shall be left to the power now possessed by the Executive and Judiciary. It remains to be seen whether the persons, w ho as managers of the old bank, undertook lo control the Government, retained the public dividends, shut their doors upon a committee of the House of Represen tatives, and filled tiie country with panic to accomplish their ow n sinister objects, may now, as managers of a new bank, continue with impunity to Hood the country with a spurious currency, use the seven millions of Government stock for their own profit, and refuse to the United States all information as to the present condition of their ow n property, and the prospect of receiving it into their possession. The lessons taught by the Bank of the United Slates cannot well be lost upon the American people. They will lake care never again to place so tremendous a power in irresponsible hands, and it will be fortunate if they seriously consider the consequences which are likely to result on a smaller scale from the facility with which corporate powers are granted by their S(:i(i ( i ovr rnmonf c. It is beiieved that the law of last ses- J sion regulating the deposit banks, operates onerously and unjustly upon them in many respects; and it is hoped lhat Congress, on proper representation, will adopt the modifications which are necessary to prevent this consequence. The report of the Secretary of War wl interim, and the accompanying documents, all which arc he rcwith laid before you, will give you a full view of the diversified and important operations of that Department during the past year. The military movements rendered necessary by the aggressions ofthc hostile portions of the Seminole and Creek tribes of Indians, and by other circumstances, have required the active employment of nearly our whole regular force, including the marine corps, and of large bodiesof militia and volunteers. With all these events, so far as thev were known at the seat of Government before the termination of your last session, you are already acquainted; and it is therefore only needful in (his place to lay before you a brief summary of what has since occurred. The war with the Seminole?, during the summer, was, our part, chiefly confined to the protection of our frontier settlements, horn the incursions of the enemy; and as a necessary and important means for the accomplishment of tha-. end, lo the maintainance of the posts previously established. In Ihe course of this duty, several actions took place, in which the bravery and dis cipiineof both officers and men were conspicuously displayed, and which I have deemed it proper to notice, in respect to the former, by the granting of brevet rank for gallant services in the held. But as the force of the Indians was not so far weakened by these partial successes, as to lead them to submit, and as Uieir savage inroads were frequently repealed, early measures were taken for placing at the disposal of Governor Call, who, as commander-in-chief of the- Territorial militia, had been temporarily invested with the command, and ample force, for the purpose of resuming offensive operations, in the most etlicient. manner, so soon as the season should permit. Major General Jessup was also directed on the conclusion of his duties in the Creek country, to repair to Florida, and assume the command. The result of the first movement made by the forces under the direction cf Governor (Jail, in October last, as detailed in Ibe accompanying paper, ex-

cited much surprise and disappointment. A full explanation has been required of the causes which led to the failure of that movement, but lias not vet been received. In the mean time,

was feared that the health of Governor (.'all, who was understood to have suffered much from sickness, might not ! be adeouale to the crisis, and as Major ! General Jessup was known to ive ill reached Florida, thai officer was directed to assume the command, and to prosecute all needful operations with the utmost promptitud e and vu nr. From the force at his disposal, and the dispositions he has made, and is instruc- j ted to make, and from the very flirront j measures uhirb it issinre ascertained have been taken by Governor Call, ! u. ere is reason 10 none mat nicy w m ; i . . . i .i . : : - . 1 - I .1 4 i ' .:ll soon nc enabled to reduce me enemy io i subreetion. In I in ttiraii time, n voir I subjection. In the mean time, as you will perceive frcm the report cf the Secretary, there is urgent necessit y for further appropriations to suppress these hostilities. Happily for the interests of humanity, the hostilities w ith the Creeks were brought lo a close soon after your adjournment, without the effusion of blood, which at one time w as apprehended as inevitable. The unconditional submission of the hostile party was followed by their speedy removal to the country assigned them west of the Mississippi. The inquiry as to alleged frauds in the purchase of the reservations of these Indians, and the causes of their hostilities, requested by the resolution of the House of Representatives of the first July last, to be made by the President, is now going on, through (he agency of commissioners appointed for that purpose. Their report may be expecled during your present session The difficulties apprehended in the Cherokee country have been prevented, and the peace and safety of lhat region and its vicinity effectually secured by the timely measures taken by the nr 1 department, and still continued.

The discretionary authority given to j submitted lo ou in my last anno. si General Gaines lo cross the Sabine, and ; message, derive additional slrtngih to occupy a position as far west as I from the great embarrassments txperiNacogdoches, in case he should deem enced during the present year, in those

such a step necessary to the protection ofthc frontier,and tothe fulfimentof the stipulations contained in our treaty with Mexico, and the movement subsequently made by thatoflicer, have been alluded lo in - Inrmcr put of tldi moswjp. At the dale of the latest intelligence from

Nacogdoches, our troops were yet at applied (o the Ordnance corps, and the that station: but the officer who has sue- General Stall (lie operations of u hirh, cccdcd General Gaines, has recent- as they arc now organized, must either Iv been advised that, from the facts be frequently interrupted, or pet formknown at the seal of Government, there ed by officers taken from the line of the would seem lobe no adequate cause army, to the great prejudice of (he serfor any longer maintaining that posi- vice. tion, and he was accordingly in-true- For a general view of the condition led in case the troops were not already of the Military Academy, and of other withdrawn under the discretionary branches of the military service not nlpowers before possessed by him, to give ready noticed, as well as for fuller iihisthe requisite orders for that purpose on trationsof those which have bcenmenthe receipt of (he instructions unless tioned, 1 refer ) ou to the acrompanyhe shall then have in his possession ing documents; and among the various suchinformation asshall satisfy himfhat ! proposals contained (herein for logislathe maintainance of the post as essen. tive action. I w ould particularly notial lo the protection of our frontiers, i lice (he suggestions of the Secretary of and lo the due execution of ourdeaty j War, for tbe revision of (he pay of the stipulations, as previously explained to j army, as entitled to your favorable re him. Igard. Whilst the necessities existing dur- The national policy, founded alike ing (he present year, for the service of ,in interest and in humani! y, so long and militia and volunteers, have fur ni-hed j so steadily pursued by Ibis renew proofs of the patriotism of our fel- irenf, for the removal of the Indian low citizens, they have also strongly il- j tribes originally settled on this side of lustrated the importance of an increase ! the .Mississippi, to the west of that riin the rank and file of the regular ar- j ver, may be said to have been con-utu-

my. The view s of this subject submitted by the Secretary of War, in hi-

report, meet my entire concurrence, j sures taken in (lie execution of that and are earnestly commended to the j tic-aty, and in relation to our Indian afdeliberate attention of Congress. In fairs generally, will fully appear by rethis connection il is also proper to re-j fen ing to (he accompanying papers, mind you lhat the defects in our pies- Without dwelling on the numerous and ent militia system are every day rcn- important topics embraced in (hem, I

uered more annareiu. I tic duty 01001111 invite vour attention in r w h

making further provision by law, for organizing, armingand disciplining this arm of defence has been so repeatedly presented lo Congress by myself and predecessors, that I deem it sufficient on this occasion to refer lo the last annual message, and lo former Executive communications, in which the subject lias been discussed. It appears from the reports of the officers charged with mustering into service the volunteers called for under the act of Congress of the last session, that more presented themselves at (he place of rendezvous in Tennessee (ban were sufficient to meet the requisition which had been made by the Secretary of War upon the Governor of thai Slate. This was occasioned by the omission of (he Governor to apportion the requisition to the different regiments of militia, . so as lo obtain the proper number of troops and no more. It seems but just to the patriotic citizens who repaired lo Ihe general ion dezvous, under circumstances authorizing them lo believe that their services were needed, and would be accepted,

them while absent from their homes, should be paid by the government. I accordingly recommend lhat a law to this effect be passed by Congress, giving them a compensation which will cover their expenses on tiie march to and from the place of rendezvous, and while there, in connection with which, i mi i i i i . ..- win aiso ne proper to mawe pi (vis ion for such other equitable claims, grow ing out of the service of the militia, as mav no', be embraced in the exi s : n i I WS. ().i the unexpected breaking out of hostilities in Florida, Alabama, and Georgia.it became necessary, in some eases, to take the properly ofindividuaid for public use. Provision c-houl houid . ii. n .i I... I ..... f .,,'.,...,.,,, f tw. nc. m.uie. u m e.o n.u um.i m; . ii i.i ..i r..!!.. owners, arm i womu ai-n icspecwuiu subtlest w net tier some provision mav not be made, consistently with the principles of our Government, for the relief of the sufferers by Indian depredations, or by the operations of our own troops. No time was lost after the making of the requisite appropriations, in resuming the great national work of completing (lie unfinished fortifications on our i i s I . t seaboard, and ot placing them m a proper state of defence. In cohm i t- . l i.i quence, however, or me vi ry late nay at which those bills were passed, but little progress could be made durin the season which has ru?t closed. A very large amount of the moneys gran ted at 3 our last session, accordingly, re mains unexpended; but as the work w 1 II I e again resumed at the eailiest moment in tiie coming spring, the am e of the existing appropriations. na and be m several cases fore you with which will lie laid ll ie proper estimates. jfurlhei sums fur the hue objects, may oe uselully expended during the n xt year. The recommendations of an increase in (he Engineer Coips, and for a re-or-ganiz alien of the Topographical Corp branches of the service, and under which they are now sulle-ring. Several of the most important surveys and construe! ions directed by meet I laws, have been suspended in oonseouenco 'of the Want of adequate force in these i corps. Tin: like observation iiM Inmated by the conclusion of the lite tieatv with (he Ciieioke.es. The m mportance of providing a well digested jand comprehensive system lor tne pro 1 1 . - . tection, supervision, and improveme.nl of the vaiious tribes now planted in the. Indian country. The suggestions submitted by the Commissioner of Indian Affairs, and enforced by the Secretary, on this subject, and also in regard to the establishment of additional military posts in the Indian country, are entitled to your profound consideration. Both measures are iie-ces-ary lor the double purpose of protecting the Indians from intestine war, ami in oilier respects complying with our engagements to them, and of seculing our western frontier against incursions, which otherwise will assuredly be made on it. The best hopes of humanity, in regard to the aboriginal race, the welfare of our rapidly exlending settlements, and the honor of ihe United States, are all deeply involved in the relations exi-ting between this Government and the emigrating tribes. I tru-l, therefore, that the various matters submitted in the accompanying documents, in respect lo those relations,

Ihat the expenses incurred by

will receive your early and mature deliberation; ;ind that it may issue in the adoption of legislative measures adapted to tiie circumstances, and duties of

toe present crisis. ou are referred to the report ofthc Secretary of the Nav) for a satisfactory view of the operations of the depart ment under his charge, during the pre sent year. In the construction of ves sels at (he different navy yards, and in tue employment of our ships and squadrons at sea, that branch ofthc service nis been actively and usefully employ'd. While the situation of our com mercial interests in the West Indies required a greater number than ususal of armed vessels to be kept on lhat sta tion, it is gratifying to perceive that the protection due lo our commerce in oth er quarters of the world, have not proved in-uiiicicnt. Every effort has been made to facilitate the equipment of the exploring expedition authorized by the act of the last session, but all the preparation necessary to enable it to sail has no! yet been completed. No means will be spared by the Government to fit out the expedition on a scale corresponding with the liberal appropriation lor the purpose, and with the elevated character of the objects which are to to be ( !u c!ed by it. ' ! beg leave to renew the recommendation made in my last annual message, respecting the enlistment of boysii) our naval service, and to urge upon your attention (he necessity of furthcr appropriations to increase the number of ships afloat, and to enlarge generally Ihc capacity and force of the navy. The increase of our commerce, and our position in regard to the other powers of the world, will always make it our policy and interest to cherish the great naval resources of our country. The report of the Postmaster General presents a gratifving picture of Ihe condition of the Post Oflicc Departmenl. Its revenues for the year ending Ibe 30th of June last, were 3,398,150 1 9, show ing an i;u rcasc of revenue over that of (he preceding year of , 101,373 0 ?, or more than 13 percent. The expenditures for the same year were 700, 023 70, exhibiting a surplus of 0 1 J.C3 1 -13. The Department has been redeemed from embarrassment and debt, has accumulated a surplus exceeding half a million of dollars, has largely extended, and is preparing --uill I u iber in extend, the mail service, and recommends a reduction of post ages equal to about -JO per cent. It is practising upon (he great principle which should control every branch of our Governmenl, of rendering (o (he public the greatest uod possible, with the least possible taxation to 'he people. 'J 'he scale of postages suggested by the Postmaster General recommends itself, not only by (he reduction it proposes, but by the simplicity of i(s arrangment, its conformity with the Federal currenrv, and (he improvement it will introduce info tiie accounts of the Depatloient ami its agents. lour particular attention is invited 10 hi;: sut.p ot of mail ooiilracfs with rail ro.nl companies. The present laws providing for the making f contracts, are ba ed upon the presumption that eomp.-titiuii among bidders will secure the service most ef the a I a fair pi ice. But on railroad lines, (here is no competition in that ind of transporta tion, and advertising is therefore use !e-s. No contract can now lie made wilh ('a ni except such as shall be ncUT'di iled before I he I i me of oil.-ring, or afterwards, ami the power of (he Post-m.s-fer Genera! to pay them high pri- ' o s, is practically' w ithout limitation. It would be a relief to him, and no doubt would conduce (o the public interest, ( picsi iibe, by law. some equitable ba.-is upon which suih contracts shall rest, and restrict him by a fixed rule of allow ante. Umbra liberal act of that sor!, he w ould undoubtedly be abb the to secure the services of most of til road companies, and the interest oi the Ucpartmeul would ne iiius. advanced. Tin: correspondence between thepeople of ihe United States and the Furopean nations, and particularly: with the; British islands, has become very extensive, and requires Ihe interposition of Congress to give it security. No obstacle is perceived to an interchange of mails between New York and Liverpool, or other foreign ports as proposed by the Postmaster General ; on tin; contrary, it promises, by the security it will idlord, to facilitate commercial transactions, and give rise to an enlarged ind rcourse among the people of diih rcnl nations, which cannot but have a happy effect. Through the city of New York most ofthc correspondence between the Canadas and Europe is now cariied on, and urgent represenlalions have been received frorn tin; head of the Provincial post office, asking the interposition of the United t v , ill .1