Semi-Weekly Journal, Volume 3, Number 246, Indianapolis, Marion County, 14 August 1841 — Page 1

mmywmmMi jj hjiem ail.

BY DOUGLASS & NOEL.

INDIANAPOLIS, SATURDAY, AUGUST 14, 1841.

VOL. 3. NO. 246.

PUBLISHED THREE TIMES A WEEK DURING THE SESSION OF THE, LEGISLATURE TWICE A WEEK THE REMAINDER OF THE YEAR. Terms Four Dollars a year, payable in advance, and considered due at the date of the subscription. If not paid in advance, however, Five Dollars will be the pried. Advertisements' will be inserted at the following rates: Ten lines or less, for one or three insertions, one dollar, and twenty-five cents for each continuance. Or, will be continued on contract one yeer.for $15, and will be altered occasionally if : desired. On longer advertisements, a reasonable deduction will be made. 'SINGLE COHES 6 Cents, '

the said William Henry Harrison since his death, on account of his salary as President, of the Untied States, shall be deducted from the said sura of twenty-five thousand dollars.

Approved, June 30, 1841.

BY AUTIIOKITY. Public No 1. AN ACT making appropriations for the present

session of Congress. Be it enacted by the Seriate and House of Representatives of the United States of America in Congress assembled, That the following sums be. and the same are hereby, appropriated, to be paid out of any unappropriated money in the Treasury, viz. For the pay and mileage of the members of the Senate for the prei-ent session, sixty-eight thousand five hundred and forty-one dollars and sixty cents. For the pay of the Chaplain of the Senate, five hundred dollars. For printing, stationery, and all other contingent expenses of the Senate fur the present session, twenty thousand dollars. For the pay and mileage of the members of the House of Representatives, including five hundred dollars to the Chaplain, for the present session of Congress, two hundred and fifty-six thousand six hundred dollars. . For the printing, stationery, and all other contingent expenses of the House of Representatives for the present session, thirty thousand eight hundred and thirtysix dollars. . For the supply of stationery for the House ot Kepresentativas for the second session of the twenty-seventh Congress, fifteen thousand dollars, or so much thereof as may be necessary: Provided, always, That no part of the sums appropriated for the contingent expenses of either House of Congress shall be applied to any other than the ordinary expenditures of the Senate and House of Representatives, nor as extra allowance to any clerk, messenger, or other attendant of the said two Houses, or either of them. JOHN WHITE, Speaker of the House of Representatives. SAM'L L. SOUTHARD, President of the Senate pro tempore. Approved, June 25,1841. JOHN TYLER. -. Public No. 2. AN ACT authorizing a loan not exceeding the sum of twelve millions of dollars. Be it enacted, $c. That the President of the United States is hereby authorized, at any time within one year from the passage of this act, to borrow, on the credit of the United States, a sum not exceeding twel ve millions of dollars, or so much thereof as in his opinion the exigencies of the Government may require, at a rate of interest payable quarterly or semi-annu-.11.. r,, avnoaAj n rr .si y npf remum tier annum; which

loan shall be made reimbursable either at the wil) ot

the Secretary ot the Treasury, mier sia '"" tice, or at any time after three years from the first j f Tonmirv nevt: and said money so borrowed

shall be applied, in addition to the money now m the Treasury, or which may be received therein from other sources, to the payment and redemption of the m r.nc Jiprptnforo authorized, which are or

mav be outstanding and unpaid, and to defray any of

the public expenses which have been neretoiore, or which may' be, authorized . by . law, which stock shall be transferable only on the books of the lreaSUSe'c. 2. And be it further enacted, That the Secretary hp is herebv. authorized, with

t nf thp President, to cause to be prepared

certificates of stock, signed by the Secretary and coun

tersigned by the Register ot the Treasury, ior uewui to be borrowed, or any part thereof, bearing an intepvrpedinff six per centum per annum, and

transferable and reimbursable as aforesaid, and to .u nort;fif.ntps of stock to be sold: Provi-

jj Tut ni atnnU hp sold below par.

Sec 3 And be it further enacted. That the Secretary of theTreasurv be, and he is hereby, authorized to receive proposals for taking the said loan, or to employ an ajrent or agents for the purpose of negotiating the same, and to pay to him or them a reasonable comovooprlino- one-tenth of one per cent, on

the amount so negotiated; which sum to be allowed to such arent or agents, and such expense as may be ne

cessarily incurred in printing and issuing certificates Pcfnu. nnd other expenses incident to the due exe

cution of this act, in all not exceeding twelve thousand dollars; which sum is hereby appropriated for that purpose, and shall be paid out of any money m the Treasury not otherwise appropriated. Sec 4 And be it fuHher enacted, That the Secretary of the Treasury is hereby authorized to purchase, at any time before the period herein limited for the redemption of stock hereby authorized, such portion thereof as the funds of the Government may admit of, after meeting all the demands on the Treasury , and any surplus in theTreasnry is hereby appropriated to Sec.f And be it further enacted, That the faith of the United States be, and is hereby, pledged for the punctual, payment of the interest and redemption of said stock. Approved, July 21, 1841.

Public No. 3.

a-m APTmnlr.mT aDDrODriation IurUJClJaj,

tence, &c. of a Home Squadron. Be it enacted by the Senate and House of Represenlatins of the United Slates of America in Congress Assembled That for the pay and subsistence, increase Stairs, medicines and contingent expenses of two Sates wo sloops, two small vessels, and two armed 'lSJtote employed as a Home Squadron the sum of seven hundred and eighty-nine thousand hree hundred and ten dollars is hereby appropriated, to be !SS Tout of any money in the Treasury not otherwise appropriated. , 1Q(i Approved, August 1, l'Private. No. 1. , AN ACT for the relief of Mrs. Harrison, widow of the late President of the United States. Be it enacted, $c. That the Secretary of the TreasJay, out of any money in the Treasury not otherUe appropriated, to Mrs. Harrison, widow of ilr Henrv Harrison, late President of the United Sintewitof her death before .payment. to the legal representatives of the said William SeSrv Ha rfson, the sum of twenty-five thousand dolProvided, always, That any sum of money which stS hate been paid to the personal preseDUU. of

subsis-

THE FISCAL BANK. The New York Express gives the following synopsis of the Bank Bill, which has passed the Senate, and is now before the House; The first section establishes a Fiscal Bank in the District of Columbia, with a capital of thirty millions of dollars, divided into shares of one hundred dollars each. One-third of the stock to be subscribed by the United States, and the remainder by states, individThe nower to increase the

UtVIO) vi V- l UUIVHlUii. f - -

capital twenty-five millions after ten years is re

served.

The second section enacts that the subscription boons

shall be opened on the first of September next, at various places designated in the Bill, under the Superintendence of commissions appointed by the Secretary

of the Treasury. If more than twenty minions are

subscribed, the commissioners snail aeuuci irum uj largest, in such a manner that no subscription shall be reduced while any one remains larger.

The third section provides tnat no muiviuuai vi

poration snail suDscnoe ior muR'umujw"'"i""'

snhsorintion to he trnvable in specie lkii uuuaisai

time of subscribing; twenty-five at the expiration of

three months, twenty-five m eight months, ana iony

in one year. .

The fourth section prescribes tne manner i which the commissioners shall keep the money

paid in. , ,

LheJijUi section enacts that no ceruncaie simu uc granted till the whole amount of the second instalment is paid. The sixth section relates to the manner in which the subscription for the United States shall be paid. The seventh section creates the subscribers a corporation and body politic, under the name of the Fiscal Bank of the United States, to continue twenty-one vpnrs.

The eighth section provides for nine directors, three to be appointed by the President and Senate, the other six to be elected annually by the stockholders. No member of Congress or officer of government can be a lii-or-mr. nr no Hirpctnr of another bank can be elec

ted. The directors to elect a President. The ninth section enacts that as soon as ten mil

lions are paid in, the stockholders shall elect six directors and the bank shall then commence opera

tions. The tenth section gives the directors power to employ clerks, &c. and to fix their salaries. The eleventh section contains the fundamental arti-

naa nf thp (Vinstimtinn of the Bank, as follows:

iet Thp nnmhpr of votes to which stockholders

fnr directors no oroxy of

ouaii uc ctibiiiiwu w - more than ninety days standing to be valid. None other than actual residents of the United Statesao be

voters 9A. ' Fiveofthe six directors only to be eligible for

the second year, and no director shall be elected more than five out of six years in succession.

3d. None but a stockholder and resident citizen to

be a director, and not more than two to be from any

Aih Nnt. less than five directors shall constitute a

hnarA fnr f ransactinr business, and three of the five

ohoii ho thnsp plpntpri bv the stockholders.

5rh Ant? number of stockholders, not less than

sixty, holding not less than one thousand shares, may at any time call a general meeting. 6th. Cashier to give a bond with two or more sureties for not less than fifty thousand dollars. 7th. The Bank shall hold only real estate enough for the convenient transaction of its business. 8th. The debts of the bank over the deposits shall never exceed twenty-five millions, and in case of expoa thp Hirpftnrs shall be liable.

9th. The Bank shall not deal in anything but

hills of exchange, sold and silver, goods or lands

purchased on execution, or goods taken in payment for debt. , 10: h . No loan shall be made to government exceed-

ino- one million, or to any state exceeding one hundrea thousand dollars, unless authorized by act of Congress. . , 11th. The stock of the bank to be assignable: Provided no assignment shall be made to others than citizens of the United Statc-s. loti, Thp h;ll nhlioratorv and of credit under seal,

tn hpnssi.maMe bv endorsement: Provided no bill of

credit shall be for more than five thousand dollars, or longer than one year. 13th. All bills issued, payable to bearer or order, shall be made payable on demand.

14th. Half yearly dividends to be made, not exrhrpp und ft half per cent. When a surplus

amounting to two millions has accumulated, any excess shall be paid over to the Treasury of the United States; and on the expiration of the charter, any surplus, after payment of dividends, and reimbursing the

capital, shall be paia w uie ireasuici. u dends are ever below three and a half per cent, semiannually, the Treasurer shall make up the deficiency mil nf thp snrnlns that may have been paid before.

No dividends to be made, except from the profits.

The bank not to purchase its own siock, or io loan on pledge of it; and any shares received in satisfaction of debt shall be sold. The bank shall not hold stock in other corporations. Before a dividend is declared from all profits, all expenses are deducted. " 15th. An annual statement of the debts unpaid and over-due, and of the surplus profits, to be made. , , . 16th. An office of discount and deposit to be established in any state where ten thousand shares are owned, whenever upon application of the legislature of the state, Congress may by law require it. "And the said directors may also establish one or more competent offices of discount and deposit in any Territory or District of the United States, and m any state with the assent of such state; and when established the said office or offices shall be only withdrawn or removed by the said directors prior to the expiration of this charter, with the previous assent of ton-rress-Provided, in respect to any state which shall not at the first session of the Legislature thereof, held after the passage of this act, by resolution or other usual legislative proceeding, unconditionally assent or dissent to the establishment of such office or offices within it, such assent of the said state shall be thereafter presumed: And provided, nevertheless, That whenever it shall become necessary and proper, for carrying into execution any of the powers granted by the Con'titution, to establish an office or offices in any of the states whatever, and the establishment thereof shall be directed by law, it shaH be the duty of the said directors to establish .uch office or offices accordingly. And the said directors sbajl have pow

er to commit the management of the said offices and the business thereof, respectively, to such persons, and under such regulations, as they may deem proper, not being contrary to law or to this charter. Or, in stead of establishing such offices, it shall be lawful for

the directors ofthe said ..corporation, Jrom time to time, to employ any agent or ag- nts, or any other bank or banks, to be approved by the Secretary of the Treasury, at any place or places that the said directors may deem safe and proper to manage and transact the business proposed as aforesaid, other than for the purposes of discount, and to perform the duties hereinafter required of the said corporation, to be managed and transacted by such officers, under such agreements and subject to such regulations as they Not more than nine,

nor less than five managers or directors of every of

fice, established as aforesaid, shall he annuany up-

pointed by the directors of the said corporation, to sprvp nni vpnr. The said managers or directors

shall choose a president from their own number; they shall be citizens of the United States, and residents of the State, Territory or District wherein such office is established; and at least one of the said managers

or directors shall be ineligible to reappointment at me end of every first, and each succeeding year; but the president may be always re-appointed. 17th. The Secretary of the Treasury to inspect the books and accounts of the Bank at his pleasure; and the condition of the Bank to be published monthly under the direction of the Secretary. On the question of any loan or discount exceeding one thousand jiio.o ;f inu lirprrnr dissent, the vote to betaken

by ayes and noes, and recorded. No part of the proceedings to be kept secret from the government direc

tors. , 18th. No noteless than for five dollars shaH be issued but Congress may make ten the lowest. The

Bank shall never have in circulation in uui imnc than three times the amount ot the specie in its vaults. 19ih. The debts due to the Bank shall never exceed 75 per cent, advance on the capital advance. 20th. No paper to be discounted for a period longer than 180 days, nor shall such note be renewed. , ,. . . 21st. The Bank shall not hold any public stock unless taken for debt. . 22d. The Bank shall not pay out any thing but specie and its own notes. , 23d. No loan or discount to be made m the District of Columbia, except to government. 24th. All notes except ten dollar notes to be signed by the President and cashier, and made payable at Washington or at any one of the branches. The Tens may be issued by the branches. The notes shall be received at any of the branches or at Washington, whether issued there or not. , , or,,, rpi.a nfflppra nf thp Bank not allowed to bor-

4111 . AUf C mat nvpr tpn thousand dollars, and no members ot

Congress shall borrow at ail. The twelfth section provides, that in case of the corporation dealing in merchandize, treble the amount shall be forfeited by the persons giving the orders.' - . The thirteenth section provides, that in case more than one million is loaned to the Government, or more than one hundred thousand dollars to any State, without a special law, the persons authorizing it shall forfoil trohla tha nmnimt nf thp. excess.

Thp fnurteenth section makes the bills of the Bank

receivable for all public dues, unless the Bank or any

of its Branches suspend specie payments. Thefijteenth section requires the Bank to transfer

the public money from place to piace, anu uisuurac same with commission or difference of exchange. The sixteenth section directs the public money to be Jnr..-;tpt in thp linnk.

Tk .ntoufi sprt.inn nrovides. that in case of

suspension the holders of the notes shall be entitled to t.pivp npr'ppnt. interest, after protest of the notes.

The eighteenth section provides for the punishment

of counterfeiting. ti.p nineteenth section is on the same subject.

The twentieth section provides for the punishment of embezzlement of the funds by an officer or clerk. The twenty-first section declares that Congress shall establish no other Bank during the continuance

of this. . , . , The twenty-second section provides, that in case tne subscriptions are not filled up before the first Monday in April next, Congress may declare the law null and VThe twenty third section relates to the proceedings to be had in a case of a violation of the charter. The twenty-fourth section gives Congress or the President power to sue out an injunction against the Bank in case it attempt to carry on any business not allowed by the act. ;

From the Raleigh Register. THE CONDUCT OF LIFE. Shakespeare combined perhaps, more than any man that ever lived, a thorough knowledge of the world with great Poetical genius. Many passages e. k.- nr,i, mio-ht he cited to verify this opinion;

ht thp PTtrRPt which follows, is sufficient proof of

the assertion. It might be written in the pocke.-book of every young man just entering upon the world, and occasionally referred to with advantage. There is no condition of life to which the counsel will not apply, and almost every person may be confidently appealed to, in some one instance or another, for its justness and truth. It is the advice of a father to a son, settine out on his travels; "Give thy thoughts no tonge, Nor any unproportioned thought his act. Be thou familiar but by no means vulgar. The friends thou has't, and their adoption tried, Grapple them to thv soul with hooks of steel, But do not dull thy palm with entertainment Of each new-hatch'd, unfledg'd comrade. Beware of entrance to a quarrel; being in, Bear it, thatth' opposer may beware of thee. Give every man thine ear, but few thy voice; Take each man's censure, but reserve thy judgment. Neither a borrower nor a lender be. For loan oft loses both itself and f"enJ, And borrowing dulls the edge of husbandry. This above all to thine own self be true, And it must follow, as the night the day, Thou cans't not then be false to any other man. Counterfeit, A man was arrested in Mishawaka, la. a short time since, for passing counterfeit money, purporting to have been is ued by the "Hudson River Ba!nk. He had paid eight $10 bills of it for a horse, and upon his person was found the actional sum of S1.4S0. The Michigan City Gazette , describes the paper thus: Letter C. numbered 1906, various dates; centre vignette, an Indian with bis ngh hand erected as if in astonishment at seeing a rait road car in the distance. Right end, rail road car, with lady and gentleman walking near it. Left end, a lady ia a reclining position. Engraved by Mwdon, Clark & Co., Albany.

VERY LATE FROM EUROPE. EDITOR'S CORRESPONDENCE. New York, August 3. The Acadia, at Boston, brings us news only twelve days and fourteen hours old.- There is not much of it that amounts to much. The higs allow the Conservatives 78 majority, and the Conservatives claim 90 in the new British Parliament. O'Connell comes in both for the county of Meajth and the city " Cork. Ireland appears to be in a sort of rebellion. The military attend the elections almost as a matter of course. The police are out in their full strength. The Priests have been very active, and many persons have been maimed for life, and more wounded. The new Parliament was to open August 19. It was supposed the old speaker would be re-elected. Rumor makes bir William Follett Chancellor, and sends Lord Lyndh.,rt on an embassy to Paris. The weather had been

better in England, and an average crop was expected. There is nothing of interest from France. The insurrection at Toulouse, which had caused the Government much anxiety, was quieted. M. de Saligny, the late French Charge d'Affaires at Texas, had laid his quarrels before the Court, which seemed disposed warmly to take the matter up. Rumor says that a flotilla of war-brigs is now fitting out at Toulon for the coast of Texas. m . , There is nothing later from China. Tea is a little orisker in London. Cotton is without change. There was an abundance of money. The rate of interest

was 4 per cent. American fjour sold at Liverpool ai 24s. 6d. to 25s. Gd. . Among the passengers in the Acadia is Mr. Swartwout, the late Collector of this port. The late Marshal of this District intended to arrest him when he arrived here, the warrant for that purpose being in his hands; but a late order from Washington has suspended the arrest. He is now in the city, and at large. Swartwout says he is anxious for an investigation of all his affairs in the Custom-House. Thus Price, Swartwout, and Hoyt, all alleged defaulters, are all now here. Price, by the way, has for a year been practicing law in a small way. The American says, Mr. Swartwout appeared to-day before the committee investigating the affairs of the Custom-House.

The "repeal" doctrines winch the t.ocoiocos oi me Park have formally promulgated in their public meeting here, arrest attention. The object in this outcry is "to alarm persons disposed to take the Bank stock. They wish for a panic. "Repeal" of charters will never go down with the farmers of this State. It will turn out, as all such cries from the New York Park have turned out, to the detriment and overthrow of the party advocating them. The European leaders of Locofocoism here do not understand the stability and morality of the farmers and planters of these United States. Hence they are ever putting out what their associates will not take down. They think they are at the Crown and Anchor in the Strand, or on the dens and ducts of Paris, when they are here, where almost everv body has something to lose, as well as much to gain. "Repeal" will profit our friends well before the people, if I know aught of the country or of its character! Nat. Intel. BRIBERY AT ELECTIONS. In another part of our paper will be found a beautiful specimen of the purity and fairness of the elective franchise in England, in which the citizens of our benighted republic will find much cause for honest pride and congratulation by a comparison of their own manner of exercising the estimable right of suffrage with that of the free and enlightened monarchy of Great Britain. We have often thought that there were rather too many improper influences at work at our own elections to obtain in every case a free and independent expression of the popular sense; but it has very rarely, if ever, come within our notice, that voters were brought up at the polls like cattle at a fair. It is positively asserted that, at the recent elections in England to which we particularly refer, one hundred pounds were paid by the Tories for any three votes, and fifty guineas for a single vote, on several occasions, where the contest was supposed to be about equal, and the result uncertain. We sincerely hope that so flagrant an example of political depravity will not be lost upon our people, but that it will stimulate them to preserve and cherish more than ever that priceless jewel, purity of suffrage, as the palladium of their liberties. Where public opinion is permitted to be made a vendable commodity, popular elections degenerate into a mere farce, and Liberty falls prostrate at the foot of despotism. We need no longer wonder at the success of the Tory party, in the late Parliamentary Elections in England, with the wealthy aristocracy to back them, when elections were notoriously carried by bribery and corruption. Norfolk Beacon. Female Heroism. A French paper furnishes us with the following account of an act of heroism on the part of a young lady at Montpelier. During a fire which entirely destroyed a boarding school for young ladies in that city, on the night of the 14th of June, Mile, de Roquefeuille, one of the teachers, not more than 22 years of age, displayed the following instance of intrepid humanity. Soon after the first alarm she, with great presence of mind, made her escape with two of the younger children in her arms. Her next care was to muster all the pupils and call over the names to ascertain that none were left behind. All answered but one, a little girl seven years old. Convinced that she was still in the burning building, Mile, de Roquefeuille resolved to save her or perish. Obtaining a flambeau, she entered the house and reached an outer dormitory; here the sinoak was dense that her light was extinguished by it. Nevertheless, and although the floor had been caught by the flames, she made her way to an inner room, where she found the object of her anxiety still fast asleep and unharmed. Catching up the child, she happily mnfle her wav back into the open air, unscorched;

fully rewarded in her own heart, and therefore happy although she had lost in the fire every particle of property she possessed. Boston Atlas.

Importing Slaves into Louisiana. The follow

ing is from the Picayune:

William H. Williams, found guilty on the hrst of

Mnv last of importins and bringing into this btate,

in violation of law, twenty-four slaves, convicted for various felonious offences in the State of Virginia, received his sentence yesterday. The sentence of the Court is that he forfeit the tweniy-four slaves, so illegally imported, to the State; that he be fined $12,000 and committed to prison till the same, together with the costs of court, be paid.

A law passed in euaci, ui iu uu niDrisonment for the non-payment of any fine of the

court exceed one year; hence, Mr. Williams may take either horn of the dilemma pay $12,000 and obtain his liberty, or remain twelve months in jail, and keep the $12,000 in his breeches pocket.