Semi-Weekly Journal, Volume 3, Number 243, Indianapolis, Marion County, 4 August 1841 — Page 2

StiMI-WEISKLY JOURNAL. INDIANAPOLIS:

WEDNESDAY, AUGUST 4, 1841.

Correspondence of the Indiana Journal. Washington, July 27, 1841. Gentlemen: The Senate have at length come

. to - a decisiveYOte:.upon the Bank bill. . This

morning, Mr. Clay, with his usual spirit of compromise, offered an amendment, which has happily removed the scruples of all the wavering Whigs, except the two Virginia Senators. It provides that the directors of the Bank may locate branches' in any of the States, to carry on banking operations of all kinds, unless each State, where such branch is located, shall at the first session of her Legislature thereafter, by joint resolution, refuse to allow such location: if she remain silent, her assent is to be taken as granted; if, however, she should refuse assent, the branch may nevertheless be placed in her limits, if the public good require it. The moment this amendment was offered, the opposition despaired. While Mr. Clay was reading it, Benton, Allen, and Calhoun looked daggers at him, and no sooner had he sat down, than Calhoun rose and in a most violent effort vented the overflowings of his disappointed malice. The opposition had hoped, from the apparent defection of Preston, Bates, and Merrick, that the bill would be defeated, and had gloated in their hearts over the mortification of Mr. Clay;: but their cherished wishes have been blasted their knell has been sounded in this amendment, and they know it. It was adopted by a vote of 25 to 24 all the opposition with Messrs. Rives and Archer in the negative Messrs. Clayton and Henderson, who will both vote for the bill, absent. The bill was then ordered to be engrossed, and it is thought, will pass to-morrow. During the day a number of excellent speeches were made among which ranks first that of Gov. Morehead. It was able, argumentative, and eloquent, and won for him the warmest congratulations of all his friends. Kentucky shows that she has worthily filled the place of Mr. Crittenden. In the House, they have reconsidered the vote adopting the resolution mentioned in my last, appointing a committee to examine into the commerce of the country. It was then laid on the table for the present, but no doubt, will be again adopted before the end of the session. Since Monday morning they have been discussing the "revenue bill," as it is called. It is a bill levying an ad valorem duty of 20 per cent, on many articles heretofore free of duty, for the purpose of meeting the exigencies of the government, during the next year. It is only intended as a temporary expedient, to remain in force, until the Tariff is revised, corrected, and completed, next winter. It will probably pass next week. You have no doubt seen in the "Globe," if you ever read it, a long article against the Secretary of the Treasury, abusing him for removing some of the clerks in the Laud Office, and at the same time, "damning with faint praise" the President for re-instating them. It's all humbug. In that department, as in all the others, a few removals were made, and the removees of course made a fuss, and cried out proscription, with the Globe to help them on. The stuff about the President interfering, and about the difficulty between him and the Secretary, is one of those immaculate imaginings, for which the Globe is so famous. Things are going on very well in all the departments of government and the greatest harmony and good feeling prevails between them. The reports, which have been circulated over the country, of the disagreement between the President and the mass of the Whigs in Congress, on the Bank question, and the distribution of the Public Lands, i3 also another of those pleasant fictions, doubtless started by the Loco Focos, with which they are now cajoling themselves, and persuading each other into a sort of dreamy hope of again creeping into power. "Men willingly believe what they wish to be true" is an old proverb; and this belief of theirs, in the face of the plainest and most startling evidence to the contrary, is but an exemplification of it. They'll shortly see, on how slight a foundation, their castles of hope are founded. M. July 28. Gentlemen: As was expected, this day, the Bank bill, as amended by Mr. Clay, passed the Senate, by a vote of 26 to 23. It was immediately reported'to the House of Representatives passed a first and second reading, and was referred to the committee of the whole. It will come up so soon as the revenue bill is disposed of probably by next Monday. Indiana Uxiversity. The Hon. T. A. Howard has been elected Professor of Law. This is a valuable acquisition to our young University, and one which the people of the State will highly approve.

INDIVIDUAL NOTES. We received yesterday a communication from Mr. John Wood, in reply to our article of last Saturday on the subject of individual small notes. It will be found in another column. The gentleman is entirely mistaken in his firs1 insinuation. No officer of the Bank suggested or wrote, one word of that article. . It was written by one of the editors, and prompted by a clear conviction that it is our duty to warn the community against the flood of individual irresponsible notes that is pouring in upon us. Though he pronounces several of our assertions as false, it will be seen that he brings forward no evidence to prove them so. He says the Hamilton County Bank was duly chartered by the Ohio Legislature. If he means to be understood as saying that it was duly chartered as a Bank, we will not say that he tells a falsehood that would be too harsh a term, tho' he freely charges us with it but that he is honestly mistaken. That concern was chartered as

a literary institution many years ago, and has recently been renewed with banking powers and privileges, or rather with the power and privilege of issuing large quantities of small notes, without having more specie in its vaults than there is in the vaults of the Exchange Bank of Indianapolis. We do not wish to injure friend Wood in his business. It is true he has paid the State of Indiana one hundred dollars for the privilege of making money off her citizens; but in his licensed $ha.v ing we want him to deal in as good bankable paper as can be obtained. We nor the public do not want him to import such trash as the Hamilton County Bank issues. We must, however, be permitted to say that if he would take his real funds and engage in any other business, it would be of more benefit to the people. His idea that because money is scarce, the public should tolerate that that is worthless, is worthy of a Rothschild! The gentleman no doubt would contend that when flour is scarce the people should use that which is sickning!

Marion County Official Vole for IS II.

. i; 3 'a . , t- ' a 3 5 M ' C g -3 - a- D a. Representatives. i Israel Harding, 90 105 97H6G 53 84 67 896 94 1652 Jl. JV. Morris, 91 61 66lll3 10 47 45 60275 1110 Win. J. Brown, 5 78 116jll9 146 112 106 682 50 1414 Treasurer. Jacob Landis, 88 95 69ll33 16 48 42 G88 84 1263 Charles Stephens 5 46 96 104 129 110 103 592 44 1229 Recorder. .lame, Turner, 14 28 69 48 6 33 37 292 40 567 L. C, Lewis, VV. 74 58 12il76 76 58 39 600 56 1149 Nathaniel Cox, W. 9 2 I' 1 54 66 E. C. lioyd, 4 45 86 20 70j 58 73 356 34 746 Auditor. i J. IV. Hamilton, 89 58 67 66 6 145 36 475 55 897 D. R. Jirown, VV. 15 9 135 39 12 83 186 22 501 T. M. Weaver, W. 14 3 12 2 10 3 284 5 333 B.K.Smith, 3 46 82 25 100 67 14 287 35 659 John M'Collum, 89 74 84'146 16 56 9T 843 93 1492 H. Iligdon, 4 27 44 7 1 96 73 44 20 20 579 Commissioner, 1 Harris Tyner, 89 74 71 139 14 58 45 709 80 1279 Lewis O'Neal, 4 56 94 87 133 96 105 528 44 1147 Commissioner, 3 James M'llvain, VV. 83 77 99 137 38 116 34 648 72 1304 M. Little, W. 31 6 4 11 60 14 45 267 2 412 JolinM'FaM, 35 40 55 2 30 228 15 405

Those in italics were the regularly nominated Whig candidates. Those without any mark to designate them are Van Buren men. The whole Whig ticket is elected except one Representative and the Recorder; and all elected are Whigs except one Representative. He ran upon the strength of whiskey, and, aided by the temperance Van Buren men he was elected.

Hamilton County Bank. In the Bank Note Lists, published in the Cincinnati papers, the Hamilton County Bank is not named, notwithstanding Newtown, the place at which it is said to be located is not over a dozen miles from the city. Wonder if there is such a Bank at all? Or does it only exist in the imagination of Mr. John Wood, banker, and on the neatly engraved and printed notes that are being pushed into circulation in this part of Indiana? P. S. Since the above was put in type we have found the following paragraph in the last Cincinnati Gazette. It appears there is such a concern as the Hamilton County Bank, but, as we have said, entirely irresponsible and probably worthless. The Hamilton County Bank, otherwise the defunct Newtown Library, is about ready to commence operations, at a broker's office on Third street, as we learn from the Republican. Let it be nipped in the bud before its blushing honors come upon it. We have no belief that this dead Library Charter confers any Banking power whatever, yet we have not the charter before us, to make up an opinion upon inspection. If there be no power the law is strong e. nough to punish those engaged in this affair, if properly applied. It is said also, that notes are engraven, for another like concent with the cognomen "Butler County Bank" Be on the look out.

In another column will be found the law of the last session of the Indiana Legislature on the subject of Individual Notes. The public will there see what risk is run in receiving or passing such issues.

A Methodist Camp Meeting was recently held in the vicinity of this place, which continued one week. It was well attended by both preachers and hearers; and many individuals, we are assured, have become seriously impressed, who are

now anxiously enquiring the way to be saved. Preaching and prayer meetings are being held every evening in some and frequently in all of the different churches. Take Notice. Travelers and others doming into or passing through Indiana must provide themselves with the issuesofsol vent ,.andJegallyincorporated Banks, unless they expect to travel on charity. Our landlords would rather give a man his dinner than take the fradulent issues of the chartered "debating clubs" and "reading school" societiesof Ohio.

DENTISTRY. See Dr. Woodward's notice in our advertising columns. He comes among us recommended by several of the Dentists of Cincinnati. Messrs.1 Douglass & Noel: Three or four weeks ago, upon the solicitation of many persons, I consented to become a Candidate for the Senate, supposing that the Election would have been holden on the first Monday in August. But as it will not take place for spvCral weeks, and my own business and that of my clients who have em rusted their business to my care, will require my constant attendance at the Court, (which commences on next Monday,) until the first Monday in November, I deem it my duty to decline being a Candidate. It is the duty of a Candidate, in my opinion, at the most convenient points in the County, to address the people, make known his own sentiments, and learn theirs.' This will be out of my power, without neglecting my own business and that of o;.hers entrusted to my management. I cannot be in the County more than two or three days previous to the Election. The very short intervals at which I shall be at homo must be appropriated to my domestic concerns. Respectfully yours, PHILIP SWEETSER.

TO THE PUBLIC. The Indiana Journal, of the 31st July, contains an article purporting to be editorial, but savoring very much of Bank dictation, urging the public to 6et their faces against all small bills other than those of the State Bank of Indiana. To this disinterested advice I have no objections to offer; but when an editor, or any other person for him, attempts to assail me or my individual business, I must be excused, if I am so bold as to ask them to let me alone, or, at least, that

they state nothing more than the truth. The public have had large dealings with me in money

matters, and have never suffered loss by their eon

fidence in my integrity and punctuality. There

has never been a complaint, by the people, that

there is too much money in circulation; but on more occasions than a few, good citizens and

punctual men, who have been refused small accommodations elsewhere have found it to their advantage even to deal with a "wood-en concern" and have neither found it "fraudulent or useless." As to the statements of the Journal in relation to the Hamilton County Bank, they are entirely false and wrong, and all the deductions from those statements are consequently wrong. That Bank was duly chartered by the legislature of Ohio, and similar issues of money have for many years circulated throughout Ohio and the West without failure or fraud. That Bank has more money in its stock, in proportion to its issues, than there is in the vaults of the State Bank of Indiana, and has never broken its promises to a confiding public. At this time there are three dollars of stock paid into the Hamilton County Bank for every dollar of its paper that has or will be put in circulation at present. As the public may become better acquainted with it and its means, possibly it may extend its business, if the Journal and State Bank of Indiana, can condescend to permit it to do so. I would be glad if the Journal would not take unfair means and make untrue statements in regard to my business, even if it be its object to confer a monopoly of the money trade upon the State Bank, for the reason that I have paid a li

cense to the State of Indiana, for the privilege of

dealing in money. When I refuse to redeem my notes, then it will be time enough for the Journal to complain, but until then I think it unfair to try to destroy my credit and business. JOHN WOOD. Indianapolis, August 4, 1841.

CONGRESS. I Senate, July22d, 1841. Mr. SMITH, of Indiana, presented a petition numerously signed by citizens of Dearborn county, in that State, praying Congress, at its present session, to pass a general bankrupt law. Mr. S. said, as there was a bill before the Senate on that subject,, he would lay the petition on the table. He desired, however, to say that it was signed, so far as he was able to judge from the signatures, without distinction of party or occupation. It was the most distinct expression he had seen from the State, and sustained the views he had taken of the subject at a former session; and in that respect he was pleased to have the opportunity of presenting it to the Senate. He would not say a single word on the merits of the proposition at this time, if at a'l at this session. He was well understood on thi subject by his State, and lie would not be justly chargeable with prolonging the session or defeating necessary measures by unnecessary debate. He had intentionally declined taking any part in debate on many propositions during the session, which, under other circumstances, he would willingly have said a word upon, but he felt impressed with the belief that it was action, and not talk, that the People required at this session, and, for one, he should govern himself by

what lie believed to be the public will, arid should say as little as he could possibly get along with in the discharge of the duties that had been assigned him by the Senate. THE CURRENCY. The advertisement of J. M'Laughlin & Co. in today's paper, will attract attention. Who is this firm? I Mr. Lougee one of the firm? If so, why does he not back the paper at once, by saying so? Grant now that this firm mean to act in good faith, Why is it that they use The- name of the" Louisville' Savings' Institution," when it is well known that this "Institution'' is nothing but a mere Broker's shop, situated on the bank of the river, at Louisville? Why do they circulate paper which .is signed or endorsed by men of straw? And why should the community take, or sustain such paper, when in case of accident or death, not one cent could be recovered from their estate, be it ever so wealthy? If this firm wishes todo what is right and legal, it would put its name in full upon these checks, and then, if they were trusted, it would be done upon their responsibility. But as it is, this resposilnlity amounts to nothing, and even the advertisement referred to would do no good. Our experience is not small on this subject. There was a tinio here when certain brokers agreed to redeem the notes of the Orphan's Institute, Newport Lyceum, Galliopolis, and West Union. Now suppose the mechanics and laborers had sent in these notes at that time, and had refused to receive them again, would not hundreds of thousands of dollars have been saved to them? Thus would it have been. But did these Brokers continue to redeem these bills? We know they did not. And where did the loss fall? Not upon them. They took good care to save themselves; and the consequence was then, as it will be always, that the mechanic and day laborer were compelled to suff;r the whole loss. , Now, how are we to prevent a recurrence of simir lar disasters? The only way is to put down all irresponsible paper, and we urge this, not to injure Mr. Lougee or Bates, but as an act of self defence to the community. A few dollars' loss may seem a trifle to some persons; but to the widow who has hard work to pay her rent, to the day laborer who has to toil incessantly to support his family, to all who live by the sweat of their brow, this loss bears upon them witli pinching severity. And are we to overlook them in order that others may make large fortunes? Are we to tolerate a class of men who, whether Banks fail or break, make money out of the operation, when our humbler citizens suffer so severely in consequence? We say not, and, therefore, do we say that this irresponsible paper ought to be sent home at once by all who desire to protect tlmnsehes, or secure for the community a sound circulating medium. Cincinnati Republican. .

THE CINCINNATI BROKERS. V The Dayton Journal says that the successful establishment of a large number of Brokers among us proves the existence of a pestilence in the currency, as clearly as the meeting of a funeral at every corner establishes the unusual prevalence of a fatal disease among the inhabitants. When the currency was sound and healthy the broker was somewhat of a curiosity. He kept his office in some little nook unused for other business. Now they are in possession of the citylittle money kings. At their hid Bank paper becomes good, or good for nothing. They lord it over the poor man's wages, and if it be their pleasure, the money he receives as good on Saturday night for his week's labor, will not on Monday buy a pound of Coffee. As it suits their interest, they discredit paper one day and set it up the next. There is more truth than poetry in this and nothing more clearly shows the necessity of putting away the trash which forms our circulation. Many of these men are strangers. They come smong us to push into circulation depreciated paper. That" done, it is discredited and taken in at a great discount and profit or left a total loss to the holder. Witness the West Union Bank as to which, we have a notice from a committee, assuring the public the affairs of the Bank are in process of settlement, and asking a suspension of public opinion. But why? They publish no statement of the condition of the Bank, nor do they promise to pay, or give other reason why they appeal to the public, or that shows their responsibility or even connection with the Bank. Cincinnati Republican.

SMALL NOTES. It has been asserted that the public were forced to receive the Broker's Currency which had so long infested our city, because there were no other small notes to supply their place. This is a mistakeThree of our Banks have been for many months issuing small notes freely. We speak advisedly when we say that such is the fact. These notes do not remain in circulation, because a better and a worse currency cannot circulate together, for every man will keep the better, and pay away the worse. All who can afford to keep money, will hold on to the Bank notes, while they will pay out the perishable rags whose existence depended on the breath in the Broker's nostrils. If our citizens would purge out this corrupt mass, let them refuse to take any notes but those of the legally incorporated banks; and in a few days the evil will be corrected. Cincinnati Chronicle. OUTRAGEOUS ATTEMPT AT MURDER. We learn by two gentlemen just from the village of Morgantown, Morgan county, Indiana, that on Saturday evening the 24th inst., James Norman, a citizen in the vicinity of that place, attempted a most inhuman murder upon the person of his wife. The circumstances as related to us, are as follows: For more than a year, Norman has, at various times, threatened to take the life of his wife, and on the morning of the day in which he committed thehelishact, he renewed his threat by saying that he would kill her that day. Late in the evening, whilst she was standing in the meadow, a distance of upwards of one hundred yards from the house, the demon deliberately took his rifle in hand and aimed a death shot. The ground at the house, from where he fired, is said to be much higher than that occupied by the unfortunate victim; in consequence of which, the ball fell far below his calculation. She was standing with,' her back towards him at the time hf- fired. The ball entered the upper and back jiart of the thigh, and ranged to the front, a little above the knee where it remained until Sunday evening, at which time it was extracted. He says he intended to kill her, and that he aimed to shoot her between the shoulders. There is litttle or no hopes entertained for her life- He made no attempt to escape, but made considerable resistance at the time of his arrest. He assigns no reasons for committing the crime, and still swears that he will yet take her life. She is represented as being an amiable, industrious, affectionate wife, and much, esteemed by her neighbors. They have a large family of children to mourn over the fiendish act of a drunken and degraded parent. Norman has, for some time, been addicted to drinking, but is said to have been sober at the time of shooting his wife. He is said to be in good circumstances, and with the exception of his intemperate use cf ardent spirits, stood fair in society. He was taken to Martinsville, on the Monday following aai