Vincennes Gazette, Volume 3, Number 37, Vincennes, Knox County, 15 February 1834 — Page 2

ev'eurc he bank, but which, Con-.system another and a far mo.-e important uivjs-

sr r the Prudent, ,hmlil have the "V; LhZ

$1 illCB U ?"i '

jmwi'r of creamy ojok- huh me i-impc-ntipi.t e.ontml over lit1 currency of the

country. Let nt deceive ourselves this league thi aoci;i'io!i o hank i rented I'V the Exeruti vf ; bound together bv il mll ience : united hi coommn arti- : les of association; vivified ami sustained b'v receiving tlie depo-ite of tlie public money, and having their notes converted, bv being received every where by tlie Trea-irv, into the common cunency of the country, is. to al! intents and purpose, a hank'of the rotted States tlie Ex erutive ban!; of the United Slates, as tits ti:-.iui-hfd from that ot Congas. How.

te: it might fail to pel form satisfactorily

cd and delegated ritMits, "" maintenance ol which is tdl luore essential to the preservation tf our institutions. Taking this ivble review of our political system, the revolution in the midst of which we are, began Hot us supposed liv the senator from Kentucky, shortly before t'.ie commencement of the -.resent session, hut

man y y eai 3 ago, with the commencement of the restrictive sysiem and terminated its first stage

with the passive, of the toree bill ot the last eccion, vliirh absorbed nil the right and sovereignty of the stales hiuI consolidated them in this eovernment. Whilst this process was goi.igoti, of absorbing the powers of 'he btatts, on the part i f the general government, another commenced of concentrating, in the executive, the pow ers of the other two, the legislative ami judicial departments of the government, w inch constitutes the second sta:;e ot the revolution,

tlm nsofill function of the hank of the U.;iu which we have advanced almost to the ter-

S.ate-, ft u.rorp. tafed by law, it w nuld . ! jJJ -ot from Kentnrkv? in connection outstrip it ar outstrip it--ltl all its dan-uj,h ,)is j);,rt (t- j,js discussion, read a striking fenm nua'itie?, in extending the powers-assure from one of the most pleasing and in-

ti e iilloences, and the corruption of thelstructive writers in any language; (flularch) r,..i...ent. It was impossible to con- the description of Ca-ar forcing himself sword

... i ii i jni hand, into t'ie treasury of the Koman com. ctive any institution more i.dmiiably l-,,nnwealtli. We are at the same stage of oar ciliated to advance these objects. Not political revolution, and the analogy between only the selected banks but the whole' the two cases is complete, varied only by the ban km institution of the. country, and character of the actors and the circumstances ., , 4- tl,Q'tf tbe times, 'f hat was a cae ot an intrepid u.tn it the entire money power, tor the,, bolJ warrior( ;in open 1),,ln lerer, Pri,in,: tirpoce id speculation, and cot niplion, fl)rcihjy tne m.asry 0f the country, w Inch, in would he placed under the Control of thejthat republic, as well as ours, was confided to Ex'Utive. t,lt: eastody of the legislative department of the . , r i . :..a ,:n 'eoveriiiaciit. The actors in our case are of a A ssiem of menaces and promises will.... ' , ... ntl(l ,.np.

I ' I 1 J A A I K f . -- --- - ,

bp et hli-ed of menace to the banks in j,n?-ieii n of the depositee, but which

tun nnitr

jrupt politicians, and not karlcss warriors.

I'bey hae enteied the ti-eaury, not sword m

n;..i.t ,.t l, .iiiriilu ciliirv lent In Ftp. haml. as ntiblic nlundi rers. but w itb the talse

cntive views; Mid of promise of future fa. keys yf sophistry, as pilferers, under the silence , , ' , , of midnight. The motive and object ore the ioi- to thoP uhomay noi as yet enjoy its. flme varjc(1 in ,lk( tnnn1u.r bv character and

I .1. . I.. .. t lw 1,-W, P J'

lenvi r!l lilt" lo, utinn?

j.i vors.

c'ircnuistances. "With money I will set men,

would he left with' tit Influence, honor, or. and wiih men money,'' was the maxim of the

honesty; ami a system of speculation anJj,l,

man plunderer

With money we will gel

l ; . I . u .... . i v.

c i nun suae me voice oi .-t uu i ien unci i , im uuu

... .

l ; Hit it? nauirai organs by corruptinsr the ;iei:

T t i. .i .1 . i..l

this w e mu-t attnhuiethe recent. .J

IV, l' V fti iiiii; ll ' ii .1 mi inpiJiiiru

. I 1 I II . . ,,, I '.I I 1 1 il 1113 y 1 1 ll II i.i ins u i'.s, .1 mi 1 1 ll ' i i stock lohhiiiij would commence, unequal . . ' . ... ii- i 'money, ! the maMm ot our )nt)lic putrer. led m the annals ot our country i tear ( j, ,nen a; nioney, C'a sar strm k down R - they have iilretily commenced, I lean man liberty, hi the" tatal battle ot Pinllippi, that iii aus which hae been jut into ihejt" vi rto li-e a-ain : from which disastrous hour, hands of the miaions of power by hc re-i'nwcrs ot the Uomui republic were con- .... . 1 . . , ohdated m the person of ( iear. and i.rrnetuatuoval ot the. deposires, and placing lhemllcti n lu? ,Hl 'w,th mon,!y and riH!r,ipt par. iii the vaults ot dependant hank?, h iveill5;,n?t (l o,Tat effort is now making to choke

xtenled their rupidtty to the pubti

l.'.iui?, iai i( ulai ly in the sni'h west; am

that to

licnomena in that tjuartei! Immense and vahi able tracts of land s d.l at short notice, sales fraudulently postponed to aid the speculators? With which, if I am not niif-Mitoi ,ned, a name not unknown to this body (Gwin) h is performed a prominent ait. But I leave this to my vigilant and able liiend from Mississippi (Mr. roindexier.) at the head ot the. committee on Bubhc Lands, who, I doubt not, will see justice done to the public. As to stockjobbing, this new an angement will open a field which Uothschild himsell Hi ty envy. It has been lound h ud work --very hard, no doubt by the jobbers in stock, who have been enaed in attempts to rai?e or depress the price of U. State Bank stock, but no work will brf more easy than to taie or depress the pi ice of the stock ot the selected hanks, at the pleasure ef the Kxecutive. Nothing more wiil he leq'Mied than to give or withhold licpo-ites to diaw.or abstain fiom draw ing w an ants to jumper them at one time, and starve them at another. Thoe whow iHild be in the sees et, an t vtio would know when to buy an 1 w heu to sell, woubi have the mean of realizing, by dealing r:i the slock, w h itev er for lu.ie tiiey ungh. jdea-e. So l.m; a tlie ipietj.n is one brtwen a bank, ot tlie I'mtcd stat js incorporated t'V t'an-giec-, Hiul th.it .ysban oi' batiks which Ii is bed; create J by iii' will the Kxecutive, it is aa iu-5-iit to t'e: u idortaM hnx to discourse mi the

pei nici. en tendency ami conctitu'ionahty ot the bmk of the United :i:ik-. To bri.ig up t Lit .pi 'stioa fairly and legitimately, you must g j one -tep farther you mu-t divorce the Government an 1 t ito bnkiiiix sy-tem. You must r'f'ise all connexion with bank'. You must neither receive nor pay away bank note,-; you must hat k to the oi l system of the strong box, and of told and silver. If you have a right to receive bank notes at all to treat them

ns money bv rcceivms them in voar itue1. or

pnvi'i; them away to creditors, you haven nht to create a brink. Whatever the government

recei . e ' ud treats as money, is money, and, if it

b. moe. , t'.ifu they have the ri ;ht, under the onstitutio l, to fguhite it. Nay tiiey are bound by a hih obliiration to adopt tho most t Ficient means, according to tlie nature of tha' a hich they hav o recognized as money, to uive it the utmost siability and uaiformity of value And if it be iti the shape of bank notes, the most c; i -ieht ai-ans of sriving those piali!ie, i? a bank i a" tiip United .Sta'e?, incorporated by congress. t"ule-s you cim' the highest practical unitotmity ! i tiu;abit!of bank notes so long as y ou re

-eivo tt.ciii in your dues, and treat tticm a money, you vii l.itf that provision of the consti

tution w'iK.i, pravide. that laxafion shall he unitorm thr.ui ri"ut the United State". There

is no other .dteruati.e I reneat, you must t

rorvr. the uovcrn'tient entirch from the banking

svstem ; or, if not, you are bound to iucorporuti

a hoik, n tli onlv sate nnd efhicnt means of

g-v'mjr siHhditv it ml ue.formily totlic currency.

And sli I t Ik; deposilcs not be restored , a nd

tue prt-beiit i.'i'.d and uncoustitulional connex

i n beiwrn tho executive and the bwmie of

bank' continep, I shall feel if my daty, if no one rhe moves-, t, introduce ;i measure to prohibit

government Irmu reiemn nr totnming hark

r.otes in aey shape whatever, .is the onlv means

Ml of giving sri:'i :y and stabil.lv to iln- curren

cv, an;! sax nig t tie country ruin.

Viewing the question in its true liht, as a ftrucb on the part of the exc, ,,i j v,. ?1) c, izi o:i the power of congress, and to unite in the president the power of the sword and the purse the senator from Ken'tirky (Mr ('lav) tlU U1 ly, and b't me add, iihilosophit-nlly, id-it VV(. arc in tue mi -t of a revolution. Yrs, the very x

l?tence hi i e govi-i iiuiems re sis on t tin proper

u .si i a.i'i 1 1 ! n a ii' i 'i i,t ti it. ii i mi i-i power; a nil lo

iroia corruption and

destroy t'ds

ti ate ur.vi r i:i an v

.. i . . i , i i

i: riMim'ii, iiu.i itiereoy eoneen-

one oi me cep.irtnient ; is

to ff'ct a t -voiulion : but, white f a.tree will

lee senator tha. we aie in theniidst ot a reyolu

tion, I e nittiit fl-reo with bmi as to the tune at which it commenced, or the- point to whieii it

has pr agreei. ho iking to tlie di trtbuti-jn of tle. power; of lb" rea. r il uroverrnuf-nt into the lo'.u-l ilive, t x.'nitave and judicial de.iart-

inent an 1 eouliuiii'; In- view, to 'he u cro lehuie-.t a the cveutivc Uiion liie leisla

tive, he ditesl'ie com n-in:"nient ot tup revolu

tion but sixty days previous to the meeting of the present con-n . , s,id Mr. I '., lake a

w i.ler laoe, nod dale it horn mi earlier period. It- -ides the distribution among the departments y't ')" general yovi nraeal tiice belongs to our

new

composed of otliee holders and corrupt parti

sans, un-lcr the name of a national convention, which, counterfeiting the voice of the people, will, if not resisted, in their name dictate the succession; when the deed will tie done the revolution be comoleted and all the powers of our republic, in like manner, lie consolidated in the president, and perpetuated by his dicta tion. The senator from Kentucky, (Mr. C) anticipates with confidence that the small party who were denounced at the lat session, as traitors

and disumoinsts, will be found, on tins try ing occasion standing in the front rank and manfully resisting the advance of despotic power I, said Mr. Calhoun, heard the anticipation with pleasure, not on account of the compliment which it implied, but the evidence which it affords that the cloud whicli has been so industriously thrown over the charaeter and motive of that small, but patriotic party begins to be dissipated. The senator hazarded nothing in ttie prediction That party is the determined, the fixed, and sworn enemy to usurpation, come trom w hat quarter and under what form it may whether from the executive, upon the othir de partments of this overnmetit, or from this toveminent on the sovereignty and rights of the -tales, the ieolution and fortitude with which it maint lined its position at the last session, under so many diiliculties and danger?, in defence of the states against the encroachments of the general government, furnished evidence, not to he mistaken, that that (.arty in the present mo

mentous hti -.lirle, would be found arrayed in deb tee of the rights of congress against the encroach mnis of tlie executive. And let me tell tlu senator from Kentucky, said Mr. C, that, it tlm present struggle against executive usurpation be successful, it will be owing to the success, willi which w e, the milliners - I'm not afraid of the word maintained the rights of the slates against the encroachments of the general governmental the last session. A very lew words will place this point beyond controversy. To the interposition of the state of South Carolina, we arc indebted for ti e adjustment of the taritr question; without it, all the influence of the senator from Kentucky, with the manufacturing interest, great as it is, deservedly so, as it ought to be, would have been wholly incompetent, if he had even thought proper to exert it, to adjust the question. The attempt would have prostrated him, and those w ho acted w ith him, and not the system It was the separate action of the state that gave him the place to stand upon ; created die necessity for the adjustment, and disposed the minds ot all to compromise. Now, I put the solemn question to all who hear me, if the tariff had not then been ad justed if it was now an open question what hope of successful re--lstanee against the usurpations of the executive, on tho part of this or any either branch of the government, could be entertained ? Let it not tie sHid, that this is the result of accident of an unforeseen contingency. It was clearly pi reei ed , and openly staled, that no successinl resistance could be made lo the corruption and encroachments of the executive while the tariff qucstiuu remained open while it separated the north from the south, and wasted the energy of the honest and patriotic por tions ot the community, against each other, the joint effort of w hich is indispensably necessary to expel those from authority, who are converting the entire powers of government into a corrupt electioneering machine; and that, without separate state interposition, the adjustment Mas impossible. The truth oi this position rests not upon the accidental state of thi. gs, but on a profound principle grow ing out of the nature of government and party struggles in a tree state. History and rcnYctioti leach us. that when great interests come into conflict and the passions and the prejudices of men are roused such stuiggles can never be composed by the influence of any individuals, however great; and if there be not, somewhere in the system,

some high constitutional power, to arrest their progress, and compel the parties to adjust the difference, they go on till the stale falls by corruption or v lolence. I will, said Mr. C. venture to add to these remarks another, in connexion with the point under consideration, not less true. We are not only indebted to the cause which I have stated , b Tour preset strength in this body against the present usurpation of the executive, but if the adjustment of the tariff had stood alone, as it ought to have done without the odious bill which accompanied it, if those who letl in the compromise had joined the state right party in their resistance to thnt unconstitutional measure, and thrown the respoasibiby on its real authors ths administration, their paity would have been so prostrated throughout the entire south, and their ower, in cou-i quence, so reduced that dial they would not have dared to attempt the present measure, or if they had, tliey would have been broke and defeated, i Were I, said Mr. C, to select the ciia best

calculated to illubtralo the necessity of resisting usurpation at the very commencement, and to prove how difficult l s to rpsist an' subsequent stage, if not met at first, I would select thisverv case. What, he asked, is the cause

of the present usurpation of power on the part of the executive! W bat the motive! the tcmntatinn. which has induced them to seize on

the denos-itPs! W hat, but the large surplus

revenue the eight or ten millions in the public

treasury beyond the wants ot the government

And what has nut so large an amount of money

in tl f iipasurv. when not needed; I answer,

the protective system that system which graduated duties, not in reference to the wants of the government, but in reference to the importuni-

lie and demands of the manufacturers, and

whieh nnured milliohs of dollars into the treas

ury beyond the most piufusc demands and even thu vtr;iui.rance of the government taken

unlaw fully taken, from the pockets of those who honestly made it. 1 hold that those w ho make are entitled to what they make against all the

world, except the government, and against it excent to the extent of its leeimate and constitu

tional wants; and that for the government to take one cent more is robbery, hi violation ot this sacred principle congress first removed the depositcs into the public treasury, troui the pockets of those who made it, where, they fditfnllv placed by all laws, human and

divine. The executive, in his turn following

the evainole. has taken them from that de

1 distributed them among favorite

and partisan banks. The means used have been the same in both cases. The constitution gives to congress the power to lay duties with a view to revenue. This power, without regarding the object for w hich it was inteiided,

forgetting that it was a great irusi uvn, necessarily limited by the very natnre ot such powers, to the subject and the object ot the trust, was perverted to a use never intended, that of protecting the industry of one portion of the country at the expense of another ; and under this false interpretation, the nioney was transferred from its natural and just deposite, the pockets of those w ho made it, into the public, treasury; as 1 have stated. In this loo, the executive followed the example of congress. Uy the niHgic construction of a few simple word? "unless otherwise ordered,'' intended to confer on the secretary of the treasury a limited powr to give additional security to tlie public depositee", he has, in like manner, pen cited this power and made it the instrument by si, eilar sophistry, of drawing the money trom the treasury, and bestowing it as I have stated to favorite and partisan banks. Would to God; said Mr C, would to God I could reverse the whole id' this nefarious operation, and terminate the controversy by returning the nioney to

I lie pockets of the honest and industrious citi

ral purposes, a uniform circulating medium.

and that the constitutional enactments, re

quired for this purpose, aretleuraua impera

tive.

Very respectfully i your obedient servant, 3 J NO. EW1NG.

the Piti;ssui:i;. We learn with sincere regret, that there

were seven heavy failures in New York

on Wednesday. Three of them are for

an aggregate of three millions seven hun

dred and iii'ly thousand dollars.

U. S. Gazette

Another failure to a heavv amount oc

curred yesterday in this city, aud we are sorry to add another equally extensive today. We meet now as we did in cholera times, not to ask who is dead, but who has failed. We must submit to the decrees of Providence, but should resist op pression on the part of our rulers. jV. Y. Kvenivsr Star.

Protested J'otes. We learn, on undouM

vou can feel oo interest, 1 will Lrieii enuJ C.I . aria

merate some or me ihom iiupui mm oj ot a general nature which have been acted upon, and ate now lor good or evil, the laws of the land. The most important law made this session, or at any other since Indiana became a state, was' one creating a State Bank with ten branches, with a capital of iixteen hundred thousand dollars; one-half subscribed bv the state, and the other to

be subscribed by stockholders, live-eights of which will be paid for them by tho

Jstate if required, upon mortgage upon real

estate, redeemable in nineteen yeais This feature of the charter will put it in the power of every farmer and mechanic, aj well as all others, to take stock in the flank, to the amount of half the value of their real estate. It will make the great mass of the people interested in its welfare, anxious to support it, and vigilant in watching the conduct of its oflkeis. It

does in tiuth, render the State Bank of.

.1 i. : . .1 . ,n i i i . I

eu auuioruy, mar, on Wednesday iasi,. inil th(1 IlPOI1, tvin.. nnt in n:,mf,

post notes from the Commercial Hank at bul in rea,ity . amJ ,t is to be hoped that Cincinnati, amounting to $13,000, were k examinalion aiul consideration will be

presented to the Schuylkill liauk in this

city, and protested that uotes or drafts, amounting to $21,000, were presented from the City Baok of New Orleans, on the Girard Bank, and shared the same fate, on the same day. Damages, by the laws of Louisiana, are 10 per cent ; and of Ohio, 6 per cent. Pillad. Commercial Herald. "A'o Presiure Money Plenty "So said the Journal of Commercial and yet among the Jive heavy failures which have occurred this week, we find the name of SrLAs Holmes. Who is Silas Holmes? We answer, one of our most respectable Merchants a man who, of all others, was esteemed in his public and private relations oee who enjoyed the unlimited confidence of the community and who, withal, was the friend and backer of the Journal of Commerce! He is solvent beyond a doubt, but nanted money and could not raise it ! What say9 the Journal to this? Did Mr. Holmes, their friend and patron, fail,

zwis; by the sweat of whose brows if has beciijaml yet no pressure upon the money mar-

ma. e; with whom oniy u can ne r gnuuuy ket X!Sl7 Look to it Messrs. Editors,

polled. hut us this cannot he done, 1 musi , t , , , , Litem myself by riving a vote to return it to ' ?0U Can 1 be honest' ,r) ' lohtl'

the public 'treasury, where it was ordered to be ami take care ot your own interest by

deposited by an act of the legislature.

I'here is another aspect said Mr. C. in which this subject may be viewed. W e all remember how early tlie question of the surplus revenue betran to agitate the country. At a very early period, a Senator from Mew Jersey, (Mr. Dickerson, presented his scheme for uitposins: of it by distributing it nmong the Slates. The first message of the Piesideht recommended a similar piojert, which was followed up by a movement on the part of the Legislature of NewYork, and 1 believe some of the other States. The public attention was aroused the scheme scrutinized, its gross unconstitutionality ami in-iu-tice, aud its dangerous tendency of absorbing the power and existence of the States, were clearly perceived aud denounced. The denunciation was loo deep to be resisted, and the scheme was abandoned. What have we now in lieu of it ? What is the present scheme but a distribution of the surplu" revenue? A dis

tribution at the So' will nnd pleasure of the' , i . . i . . i- :. i i. ,'jau

r.xecuuve; a uisiriouiion 10 iavorue uanns hiiu through them, in the shape of discounts and loan-, to corrupt partiz ms, as the means of increasing political influence? We have, said Mr. C, arrived at a fearful crisis, things cannot long remain as they are. It behooves all w ho love their country, who have Htfection for their offspring, or who have any tdte in our institutions, to pause and reflect, Confidence is daily withdrawing from the general government. Alienation is hourly going on. These will necessarily create a state of things, inimical to the existence of our institutiotis, and if not speedily arrested, convulsions must follow, and then follows dissolution or despotism; when a thick cloud will be thrown over

the cause of liberty nnd the future prospects of!

our country

given to the charter by every citizen, which 1 have no doubt will induce many

to step forward and subscribe for stock in

the branch, the location ot which, so tar

as legislation could do, is fixed at Viucenties; but before it cm be organized, eigh

ty Ihou-and dollars must be subscribed on the part of individuals. No doubt exists of the capacity of Ihia district to subscribe

this sum and comply with all the requisi

tions of the charier in order to secure a

Branch, although crippled in its resources

by the existence of another moneyed cor

poration, if the people will only act and

take that interest in the matter, which a due regard to the private and public we hi

and prosperity demands at their hands. No law ever required, or received more

consideration, examination or cautiou m

its enactment than this oue; and il uny thing, it is loo sale a one like a certain

gentleman of color, formerly a resident of

this place, who was so strait that hp leant back; this, however, is a good fault, and will give a confidence and permanency to the Institution, which one less guarded and more, calculated to make money , could not have. Objection was and may be bad to the number of branches, but w hen it is considered that under our constitution (duTeient from any other in the United States) the sum of thirty thousand dollars in specie, i9 required to be paid on the part of stockholders, belore a branch can he established, it does away with this ob

jection in part, as it is believed that not

much more than hall the districts can on these coalitions organize at present; aud wherever they can, their commerce aud wealth inquire banking facilities. Aoother cousideration, in favor of the number of brauches is, the duration of the charter, during which time the number cannot be increased by any future legislature; it therefore required the law to have a prospective operation to suit Indiana, not only as she uow is in her infancy, but for her as ere the expiialiou of this charter she will be, when matuie in age her now

luusettted forests aud prairies, cultivated

and maintaining a dense population, her rich resources will be developed and her commerce and importance increased ten fold. As copies ot the charter will be circulated, and will be published in one or more of the newspapers in this place, 1 will not here enter into the details, but leave this subject, earnestly hoping that the law itself will be carefully examined,

The following named geutlernen have and that the people ot this district will

ceasing )our hostility to the merchants.

A. 1. Conner.

VINCENNES. SATI ltDAY, I'KH. J., 1831.

il E' l' EO KO LOG 1CAL TABLE. VINCENSKS INDIANA, I KLM

THKRMOMETER.

DATE.

1111! 12

Uise o'ck

IT

1U

19' 22 l2.i c2t

20 2l; 30 311

48 44 41 10 5 4 0 o 28 O 6 1 1 1 1 19 34

ol 4 40 lit 12 16 20 12 Co1 15 14 i') 34 42 34

Sun set.

66 40 36 15 11 IB 23 27 37 14 16 24 3 40 31

REMARKS.

Rain, Main, Cloudy, Rain, Rain, Rain, Cloudy, w., snow, a. Ditto Ditto n. Ditto Clear, Ditto Ditto Clear, Sleety, Rain, Clear, Ditto Cloudy, Fair, very fair, Clear, Cloudy, Cloudy,

Judah, Jacob C. Holland, S.

House of Representatives Jan. 'Zly 1331. Messrs. (rales ic Seatwi will please afford me a corner of the Intelligencer, to correct an erroneous impression sent abroad, in the reported Speech of a very useful and distinguished Senator. It is sent forth, that Mr. Il'tbster (the Setiator alluded to.) said, on yesterday, that the consideration of a proposition "to create a new bank" (a Hank to correspond esseutially w ith its name a J'atinnal Bank) kuas not been brought forward in Congress," and he adverted to the outline of such an institution recently proposed by a gentleman in the Legislature of Massachusetts. Now, it is known (but not to the honorable Senator,) that a proposition, somewhat different from that of Massachusetts, in its contemplated provisions, for the creation

of such an institution, was presented by me to j Bishop, Pierre Laptant

this House of Congress some weeks ago; and it Aliddle IVard J. K

remains to be reported upon by the com-jii t p. i ty (j Orrick

presented the , u- , m .- u i i ,v

been elected ofliceis of the Borough of

Vincennes, for the current year. BO AUD OF TllLSTEES. John B. M irtifi, President.

Samuel Hill, Clerk. From upper Ward S. Harper, and T. C. Baily. From middle Ward J.

Wise, and Alexis Le Hoy. From lo:ier Ward ll. Schofield, James Theriac, Eittienue Dubois. BOARD OF ASSISTANTS. Wm. J Ileberd, Chairman. Martin Bohiueon, Clerk.

Upper Ward John Marney, Thomas

yet

mittee to whicli it was referred

proposition alluded to, with an eye to the con

dition and the interests of the l'eople it is to be

establiseed to promote, without reference to the

existing corporate establishments for individual cam, under the United Slates or separate au

thorities. I am one of the many who do not

think that money should be authorized to be made at small cost, for the profit of a few men. I doubt the constitutionality (under the Constitution of the United Slates,) of State corporations to issue paper money, more than I do that of the Bank powers bestowed upon a corporation by the United States: and I do riot think the stockholders of the existing United States Hank entitled to any exclusive right to bold slock in a new Bank. Indeed, I think the States and the United States should be the sole stockholders, ami that the Legislative power of the Union, and of the States severally, to the amount of stock each may possess, should influence the institution and benefit by its business W htn such an institution be proved for, I shall then behevethatiiidividu.il corporation?, acting under the authority of Congress, cannot be too strongly rep.rob.ited, or too speedily reformed , ami the establishment of such a safe substitute, in prospective, I conceive to be an imperious duty, at this moment devolving upon Congress 1 have said enough to correct the error in the published report, and 1 had intended nothing more at present ; but it may bo proper here to add, (as my views have been misrepresented in some of the newspaper?.) that I conceive a general currency to be required by the people demanded of Congress, whose powers are defined and not to be dispensed with, if public good be consulted. 1 do not believe the IochI bondage under Treasury regulations of State Banks and the local credit t f such Banks for the ex-i tended interests involved, can be long sanctioned. I do believe, as we are one people iuthej eye of the laws of the Union, as we have one standard of value, so we should Lave, for gen-j

Kurtz, W. J.

Dubois, and Lewis Soulinier. Andrew Gardner, Borough Treasurer. Andrew Gardner, Commons Treasurer. Andrew Gardner, Commissioner of the Burial Ground.

Zachariah Pulliam, Borough Assessor.

John B. Martin, Borough Collector . Wm. Lindsay, Borough Constable. Wm. Lindsay, Market Master. Wm. Lindsay, Superintendant of the Burial Ground . G. W. Ewing, Borough Surveyor. Joseph lloseman, Borough Auctioneer.

Samuel T. Armstrong, has been elected Lieut. Governor of Massachusetts. Mr. Armstrong was formerly a journeyman Printer; but his good conduct h is not only given him tifllaence, but has elevated hiui to one of the highest offices of the State.

HORSE-BILLS OF DIFFERENT IMPRESSIONS, NEATLY EXECUTED, AT TIUS OFFICE.

TO THIS VOTKKS OF KNOX COUNTY. VfcWow Citizens. The Legislature adjourned on the 3rd inst. after an arduous and unremitting attention to business, during a session of nine weeks. Many laws of a local character relating to roads and charters for various purposes have been passed, bat as in these

not stand supinely by, and let other (lis

tricts avail of the benefits which the organization of a branch will confer, without making a vigorous effort to come in lor therr share ot them, particularly when it is considered that whether we have a Bank in Vincennes or not, we are bound as part of the people of ludiana, to share in the risk and loss if the Banks in other districts should fail. The State has borrowed the money and the State must pay it, and every citizen in it in case of loss, must pay his share by taxation. Aa we are therefore bound for the evils, let us participate io the benefits. A law has also passed authorizing a furthc r loan of four hundred dollars, to he applied with what is now on hand to th

speedy completion of the Wabash and Erie Canal, and authorizing the whole of the line, within the boundaries of this state, to be put under contract as soon as the Commissioners shall deem the same expedient. Official information has also been received, that the State of Ohio, acting in a spirit of liberal and enlighten ed policy, which Indiana should be proud to imitate, has accepted of the land laying" within her limits, donated by Congress, lor the purpose of constructing the Waba.h and Erie Canal, and ha9 determined immediately to construct that part of this magnificent work of internal improvement from the north east boundary of this State, to its termination at the Maumee of Lake Erie: thus the hopes and the wishes of the fr iends and projectors of this great work may be already considered as realized; but a few years will elapse ere the waters of the Wabash and Maumee shall commingle in peace. The rapid increase in the value of the Can il lands since the State has commenced in earnest to prosecute this wotk, which the law of this session and the action of the Ohio Legislature will acceler ate, removes every doubt of the capability of the donation to redeem all the loans now authorized, ami such further sums as :nay be required to complete the Canal. The wisdom of the policy of withhold. iDg the lands from sale, except al the rales fixed by law, and making lo ins on the faith of the State, is now admitted on all side?, and any apprehensions which