Wabash Express, Volume 11, Number 13, Terre Haute, Vigo County, 10 March 1852 — Page 2

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OFFICE EA8T OF THE COURT-HOUSE.

D. S DANALBSQN, Bditor.

Wednesday Morning, March 10, $.T2.

W I E a

For Gortrntr,

NICHOLAS McCARTY"! of Marion. jma? °P*n

For Lieutenant Governor, •.. »,

Third —DAVID MCDOSALP, of Monroe Fourth* 8A*0£LB. GOOKIXB, of Vigo.

ELECTORAL TICKET. For Senatorial Electors. HENRY S. LANE,

Jit' JLEASANT A. HACKLEMAN. $ For District Electors. 1.—Lemuel 1. DeBruler, ofDuboia. ,2.—John D. Fercuaon, of Clarke. 3.—Capi. Pcott Carter, of Swltxetland. 4.—Joan II. Perquhar, Of Fr*hlflln. 5.—David Kllfcofev of I)etav?are. »(.—Fabiua M. Plncb, of Johuaon. 7,—Richard W, Thoitpaon, of Vigo.

B.—G. O. Behm, of Tippecanoe. T. S. Stanfield, 01 fit. Joarpl). 10,—James S. Fiaier, of Koschiako 11.—John M. Wallace, of Grant.

DEMOCRATIC RESOLUTIONS. Our brethren of the other party, passed a string of negative resolutions nt their late State Convention at Indianapolis, some of which we see but little necessity for. They resolved that there should be "no connection between Church and State." If there were any portion of the peoplo in this country, whigs or democrats, that were in favor of such a thing if there were even a "corporal's guard" of intelligent gentlemen in Indiana that had ever advocated such a connection, or ever dreamed of it, then there would have been soma reason for the passage of such a resplution as it is, howerer.it is mere buncombe—an fxpletive thrown in to catch somebody's vote whose mind may happen to run in a particular channel, or perhaps, it was to ornament the string of negations which they thought it a duty to refer to. In connection with this resolution, they ought to havo resolved also, that there should be "no hanging for stealing," as something of that kind might havo been beneficial perhaps, to those of them who hold offices of trust.

They also resolved, that there should be "no proscription for honest opinions." Wo would like to ask Dr. Ellis, (Auditor of Stato) if this resolution was passed before or afttr he was proscribed for entertaining and expressing some honest opinions of his, about serious matters of public intorest We think tho State Auditor was proscribed, and we cannot toll what it was for, (as ho is, was, and would always have been an excellent State officer,) except it be, that ho ontcrtaincd some "honest," particular and peculiar opinions, for which his immacu Into party thought ho ought to softer tho pains of loaving his offico, however much credit he. he had brought upon himself for the prompt and faithful discharge of his duties. No "proscription" indeed! The Auditor is a 6nd monument, testifying'tn his own person to the hoi-low-henrteduoss of this stereotyped falsehood, which that party hare never regarded, when they felt liko pitching any body overboard.— Don't you think so, Dr. Ellis

They also resolved in favor of :'a simple and frugal government." This will do well to talk about, after they have spent over eighty-two thousand dollars in making a nttc Constitution, when they wore only required to amend the old! It looks well too, to talk of "frugality," after Paris C..Dunning sold throe hundred and twenty thousand ocres of our Georgia lands for a thousand dollars, and that thousand never yet paid into tho State Treasury, according to last reports. This too, when said Dunning had an offer, at tho time, of $5,000 for said lands! Remember also, that, a democratic legislature conJirmed said sale, aided i» every step by Mr. A. P. WniAan, who is now up as the "frugal" candidate of that party for Lieutenant Governor of this well-fleeced State, under democrat

ic mismanagement. Let the people think of

such simplicity and "frugality," aud they will' ®roTrn-

he apt. to conclude they have had enough of it, iu all conscience ,.

decent foreign news give# an account of •an attentpt to asFasfiiuate the Qut?cn of Spain It is stated that the Queen was leaving church, bearing a royal infant in her arma, a Jesuit Vpriest named Merino, while kneeling, affected -vjto present a petition, and immediately struck *«t the Queen with a poignard which he drew nfrom under his cloak- The weapon penetrated itfie folds of her dress, hot striking the whalebone stays, its course reverted and the bone broke the dagger, consequently it merely entered below ihe last rib causing only a alight wound, *od inflicting a trivial wound on the arm.—

The assassin W«A i&MAntly arretted and proved to be a villain of the deepest dye. Her ilajeaty is fast recovering. A dispatch from •iMadvid, on the 7th ult., say* the criminal who .tnade an attack on the Queen, was executed. I

Messrs. STCAIU, DAVIMOX, PKUCJS#, and

4r«

head of the legal prefijsaion in the Sute. Noj^.v^ one frill call in question their ability or their!

capacity.—State Sentinel.

If these gentlemen sre at the head of the "legal profession1' in the State, tell us whera stand Blackford, Dew«y, Law, McDonald. Ac., Ac. Are they any place else than at the head

of the profession! Some of the whig speakers to raise a cow from the ground, and at Indianapolis thought they would a« soon 1 °POT1 occasions had carried 350 pounds argue a case before a row of "skimmed milk bnttar a distance of nine miles, while felfheeses" as such a Bench Mr. Brown, or that votatloo of Alpirc herdaman. orator is certainly mistaken, acd w« ftar Mr.t B. is the man in error. See to it. ,, .- Gia*Aj« Pounc*—The reason «f the want

The editor of the Express, is imitation, of his illustrious cotemporary tf the State Journal, has already, at this earFy "period of the campaign, Commenced his bitter partisan denunciation of the-nominees of tb^JDeinocratic-' State Con vention.—Ttrre-ffavte Journal

Why, howyou.talk, brother Mac.. "We have carefully overlooked our last paper, and we can find nothing that can be fairly tortured into" a "partisan denunciation" of your distinguished nominees, and we would as coon think of abusing our own household, as to "denounce" some of the gentlemen on your ticket. You a3tonished us considerably, and we hope will quote that "denunciation," that it

our

e-ve810

iWM. WrLLIA^lS,ofKo^cHBk^tMr3',t^l:•nd^•y,u^rd•''0°tt"!,'l,®• 'nisuc positions they occupied upon the subI ject of that infamous sale of tho Georgia Lands.

For Treasurer of State,

ACHILLES WILLI ASiS, of WaynE For Auditor of State, DOUGLASS MAGUTRK, of Marion.

For Secretary of State, JOHN OSBORN, of Clay. For Reporter of. Supreme Court,

's,*.

A. L. OSDOKK, t.f Laporte. For Clerk of Supreme .TAMES A. STRETCH, of Grant

UTt,

For Superintendent of Common Schools, •/-,? ^^"AARON WOOD, of Putnam- 'ixJ.

$jr 'Judges of the Supreme Court. First District—JOHN B. HOWE, of Lagrange. Second —CHABLIB DKWET, of Clarke.

6ec our ovn

-s You would hardlr expcct us to support both

»»«kednesa.

You know the Governor strongly opposed the

confirmation of said sale, and that Mr. Willard aa strongly espoused the sale, and the lat- '. tor, and his loco friends in the legislature car

ried the day I Under .these circumstances could you expect as to support both? Oan you,sir,awallowboth? Willyoiiacknowledge *J that your principles hang"so loose about your 'person, that you can readily go both of these men upon the same ticket? As an honest, intelligent editor, acting from principle, we think yon cannot, but of course, it would not be your policy to say so. It is quite plain, as the Governor and Mr. Willard were so directly opposed upon this *uhject, t-hat either the one or the other was dvrictly wrong, and we think it no harm to eay, that Mr. Willard will have a hard time to convince the people that he was right, and that Wright was wrong. This, you cannot call "partisan denunciation."

We ask you also to compare the two tickets for the Supreme Bench. We ask you as a •member of the legal profession, as one who kruncs what is right and proper, can you vote for Roache over Gookins, Davidson oVerDewI ey, or Perkins over McDonald? Answer us

Wnii Do you consider your ticket better for the Supreme Court than ours? We pause for a rerty

SIXOCLAE.—One of the great democraticlandmarks is "no vast system of Internal Improvement either by the• General Government or by the States." We suppose the Terre Haute Journal will not stand that, as it is in favor of a grant of land in Ilia., for the railroad from this place to St. Louis. Now, this is a great work of In ternal Improvement, and if the land is granted. the General Government, according to the democratic landmark, will be reprehensible. How can the Journal regard one of its cardinal principles and still urge a grant of land for this "great work of Internal Improvement? We fear the fugleman at the Capital will haul the Journal over the coals, but if ho does, we promise to fight for the Journal, for we are in favor of this gr«-at work, of the grant of land, and of every thing that will help tho progress of the road.

(fcr Dr. Thomas L. Smith, of Now Albany, Onc of the Supreme Judges of Indiana, was not particularly remembered by the loco Con vention which recently assembled atlndiannp olis. It seems he was satisfied to be President of the Convention, a place that he should have been ashamed to take, holding the postion he does beforo the peoplo. This (a judge a presi dent of a partisan Convention) is another pro gressive step which goes down well with the party of "progress." What is the next now move? J»,

O" The Journal tells its readers that a "defeated candidate for Governor in '49" was President of the State Whig Convention. Tho editor must blush when he thinks that the President, of the loco Convention was one of the Supreme Judges of the State! That his judicial ermine was trailed in the dust of political rascalities—that, hating Judge Blackford, and by an infamous rajc.that distinguished jurist was laid on the shelf to make room for Mister Perkins! Oh! hush. 'j-

A. P. TVILLAHP, the talented and eloquent advocate of Democratic principles, is our nominee for Lieutenant Governor. Ho has served one term in the 8tate Legislature, and, as Chairman of the Committee of Ways and Means, was tho author of our present admirable system of revonuo.—Sfafc Sentinel.

It seems to lie also understood in this part of the State, that Mr. Willard was the principal man in the Legislature, in confirming Mr. Dunning*8 unfortunate salo of the Georgia Lands taking a position directly opposed to that of Gov. Wright. If Wright was right, Willard was wrong that's a clear case, and vice versa. Supporting these two men, on the same ticket, would be like a rum-blossomed inebriate, holding on to a post, and haranguing tbe multitude

uPon

the subject of temperance!. Fact, Mr

WAUtiltt.—A rumor is publialied in t£o papers wo the telegraph, which states, "that a revolution had occurred among the Mormons at the Great Salt Lake. Mormons were arriving and fortifying themselves. They had published a declaration of independence, in which they declare a full determination to set up a republic."

Should there be any truth in this, we shall conclude that the "Latter Day Saints" want a thrashing badly, and that Uncle Sam should at once act about inflicting it. He candoit$asy enough,-^

AT The inimitable Wiscatti is at Indiana^- stopped by all substances capeibU of producing olis delighting and amusing the people. We death. If this story be true, another wonderful hope be will come over this way, for he can give the funniest exhibition for one man, that' the world ever saw.

O" Our neighbor of the Courier publtsbed "hard one" in his daily of last Thursday.—

we«bouldthiukhewoi«ldeverafterbeashamed

ROAC«E, the candidates for Judges of the Su- to see a ltd*'* face, but he may be a hard ene Kirn*

gentlemen,w£o stand »t Ae himself. We saw -that name" only in OM

othfr

though several put the queaUon,

without givirg the horrid answer.

n1 -J—!—- of unity among Germans, is tkus given by a

3JT It it stated that a "large portion" of the *riler of their own nation*^* fndiana. Central Railway, (from Indianapolia' "Whew two Germans arc gathered together, to Richmond,) will be in runniAo order durine $£*

fcr

known, not le» than three

Monday wa» a warm gettial day, tat iCeea, late Teller. •avitrfl AwttA A An iV

JET Barn net SCNIMB ivu elMted Msnhal «f the, qmte a atom on that sight The wind! "Town of TcrTe-Htaie/oa Moaday Be care- ,,, fal todMge Dodtoa and the c«Uboo*i. •cim® tonnd the confers as it would hare blown WT Another flue omnibus has got to town.

Loa? IMI ilwted Kirkrt M*»Mrat tkt MW mi the rain will help to keep the river' which makes the third Jly between the As xti. Lon^may h* j»r»*ltt forthe rbittfrf-a of l*ra«. «p which is »ow an high aswewary. ft aod thp HUWJ.

The carelessness manifested at the Terte? Saute- Post Office subjects the people is .this part of tKe State to no little vexation. Not unfrequenUy mail matter from Indianapolis reaches the. Vjncerwos J'ost Office by way of St. Louis, leisurely coming, through in'about a fortnight This cau9e of complaint has been borne abotft'as longjas forbearance is a virtue. "The wise act on a iint^" and the sufficiency of this one, we hope .will remove the cause of its being given.--- Vincemus Ootetle.

In extenuation of the above hard charges, we suppose we may-say,-that the Deputy P^M. at this place has been absent a month or.two, on a visit to his cousins, orother rtdatives in New Jersey, going by way of Washington City, where, we undorstand. he madc some efforts to have a distributing-office made at-Terre-Haote, which Fould likely destroy that at Vincennea —hence theTincennas ho&tility above. O.tir people wonld not have any more mail facilities from a distributing office than now, but that business would be increased at this pointy, and the Deputy would have more work.arid a greater salary, and, consequently, more.money to live on and spend as hepleases.

We know nothing about tlie truth? of the charges. Mail" matter may come in so fast ou the railroad, that it may be hard to stop it,but we presume whea the Deputy returns, he will look into it and satisfy the whig paper at Vincennes that all is right then tho "hint" given will not have boon lost entirely

BOC.VTV LA.VD WABBAKTS —From

JwTiat

IT R. ft. Hudson, member of the Legislature from Vigo, was recently sent to the penitentiary, at,Jefferspnyille, Indiana,

to examine into tke extent of the States' loss by afire at that public institution..

(CT Those of the democracy about Indianapolis, who were thrown overboard by their late convention, mfiy have much consolation in the following. Remember it, Mr. Secretary of State, and test it: A "Aromatic plants bestow

No spicy fragrance while they grow,- -1 But, erush'd or trodden to the ground, Dlffnae their balm aweeta around."

CT We oppose Mr. Willard, because he defended Dunning when he sold 320,000 acres of Georgia land for $1,000!! And this, the journal calls our "merciless warfare"! We assure the Journal that we pull the. trigger as easily as possible, and we do not wish to strain our rifle by shooting too far, or too hard.**

O" Dr. Benj. Newland, democrat, has Veen elected State Senator from the r.nnntv of Lawrence, in place ofGeo. G. Dunn. whig, resigned. In som6 of the townships no polls were opened.

!C7* The Mmnesotian, the whig paper at St. Paul, walks into Judge Meeker pretty considerably, in said paper of the 14th ult. Officeholders under the administration, who throw themselves into the arms of the other party, ought to look to them only for "aid and comfort"—"material aid" is now the word, in the States where Kossuth has been. *&,

ET A Mr. Butler, of Brighton, England, has constructed an electrical machine, of great delicacy, and made the discovery that its motion

invention is to bless the world.

Fsosi PARIS—XEWS from New York, states, that Mr. Webster has received by the Atlantic, despatches of such a nature from our Minister at Paris as require his immediate retain to Washington..

5LT Wm. H. Barrott, high sheriff of Gloucester, England, who committed some large for geriea, and decamped, was recently arrested in I Richmond, Indiana, and is now in Jail at Can-

AsoTBMSAXWoy.—At Disaentia. in Switw *^*iting the reqniaition of the British land, died lately, Benedict Tschure, a man no- Jfiwater. ted for his extraordinary muscular power he

IZT The recent arrivals of steamers bring quantities of goods to oar place. Our merchants will sooa be ready for a large spring business.

U* It wiU be seen by s& advertisement ia another column, that the Land Office at Fort Wayne has been discontinued and the business traasierred to Indianapolis.

Rssioitta.—-Joe. S.J eackes, Esq.. has resigned his position aa Cashier of the Branch Bank at this place, and is succeeded by W. &. lie-

-VC

gather from the Washington papers, it seems that the present Congress will not make Bounty Land Warrants assignable. The Washington Telegraph, of February 26th, says ^..

HOUSE.—After the closing of the report of yesterday, the bill explanatory of the bounty land law of September 28, 1850, was reported from the Committee of the Whole on the State of the Union when ..

Mr. Goodenow. moved to lay the bill upon the table. This morning the question was taken and decided in the negative-r-yeas 80, nays 92.

The House then voted on the several amendments, which propose additional compensa tion to land receivers for locating military'land warrants, and embrace a new class of bounties.

The same paper of the 27th, has the follow

SHOUSE.—The bill explanatory of the bounty land law of September 28, 1850, yesterday re ported from the Committee of the Whole on the State of the Union, was, to-day, finally laid up• on the table.

O- The Spring Term of the Vigo Circuit Court, Judge D. ,R. Eckles, presiding, commenced in this place on Monday last. Our jail is nearly full of unfortunate folks, who stand charged with high offences, and who will come before this court for a favorable hoaring, orotherwise, as their luck may happen to be.

It is rather odd looking to see this court in session without tho usual right and left supporteru^,

jy-.r.jmmmtm——————

O* On Saturday last, iron posts, to be connected with chains as a railing were put up at the outer edge of the sido-walk north of the public square. These will last forever, perhaps, and many horses' teeth will be worn out before they gnaw off the chains. Such should be the character of all public improvements— made for permanency and durability,

A VACATioy.—-To-day our Legislature adjourns, to assemble again on the 20th of April. It is stated that many of the members have business at homo that must be attended to, and that they go away so thick and fast, a quorum is not left to do business. If members are compelled to attend, they resign. In the adjournment, we presume no unnecessary, exjpense is created, and all pay is stopped.

BXlUKXjt OF Jpt. OTX)802r,

Upon a Biii fn ^stuthitbte dnd regalote the istsiness bf Grnift£0a*kiii$^' ifiOvdvced fcjrAfK Stuart, Chairmanjif m- SeUct ComjnitUe organ: ized for thai pitrpefic—delivered the Mouser of

Represerttdtiveh^Februory Slst, 1852. ME, SFEAXKB:—I^hope sir,: tbat durjng the discussion of ibis biU.llie spt^iters- will not only have the attention of the members of this House,' but that we shall -have-"sflance in -the:: lobbies. Perhaps bill can cbme befdre ps during this session of more "vital importance to. this entire State than the one now under consideration—perhaps there is no subject in which the masses nave a more direct interest, than that thecirculating medium which ts given to them in exchange for the honest sweat of their brows/should be based" upon a solid, a flecMreLfcasia.''- •. -_v

It Will be recollected, that aothfe weeks ago, when I introdoced a scries of resolutiorta upon which we.select cdinmftttee'who reported this bill to the House was orgauizedj that the chief objection then urged to those resolutions, ^ras "the^nexpediency of legislatiog ort the subject pf General Banking this session."

The gentleman from Ohio—(who I regret Very much to s§e is toot now in his seat)—believed that the resolutions were premature— that while the State Bank of Indiana afforded us a good circulating-medium, we should remain quiescent, at least until the people. had further time to consider—until the time drew nigher for the'preBen.t'Bank and its branches to call in her issues. It was then thought, "that

a greater necessity should be presented than is now pressed upon us, to even justify us in approachiug a subject So difficult and so dangerous to manage, at any time and under any circumstances.

That argument then sir, reminded me very forcibly of the inexperienced General—who instead of drawing up his men in battle array, having every horse and rider in proper position when the enemy is seen afar off—when the advancing column i«discerned as it were only from the mountain top—Suffers his'men to remain in camp, his charger to stand haltered, but unsaddlea, the dragoon unbooted and unapurred until the sound of tie enemy's charge bursts upon his ear, and the tbunders of the enemy's cannon spreads terror and dismay through his entire ranks.

Admit for a moment that the commercial interests of the State of Indiana would not materially suffer under our existing banking institutions, and SIT, upon the presumption that the State of Indiana would continue to b6 as accommodating, during her constitutional existence, as she lias formerly been,, we would likewise continue' to have a good circulating medium during such existence. But do we, does any one say, that we have a sufficient representative currency? and if not prepared when the time comes for that bank.to close her iron doors, we will have such a crisis in the financial affairs of this State, as was never before dreamed of by the most, prophetic financier.

Thie constitution under which we-this hour act, has declared that the present State Bauk and its brandies, shall cease their operations at the expiration of its charter, which will be in 1857. I would ask, gentlemen, how long it will be until she,will be Calling in her issues, preparatory to a fair adjustment of her affairs? Tis true she has two years from that date to buthowlon^

finally close up—but how long, I ask, until the drawing off or her issues, will be sensibly felt

upon tlie many interests of this State? If it be the desire that our circulating medium shail consist entirely of foreign issues? is it our policy to rely on foreign banks to furnish us with a circulating medium? If not, then why oppose the establishment of bank here at home, where our people can watch them— where we ckn all be familiar with the basis upon which the issues are made, and can have an eye upon every species of dishonesty that may, from time.to time,be associated with such institutions.

It seems to be llieprevailing opinion,that a3 soon as the legislative enacts a General Bank ing bill, and the condition of that bill become a law, immediately—all at once, like exhalations from the ground—will spring up at every town, village and cross-roads, a "Free Bank and that the whole country wille be flooded with tlie issues of those banks. 1 have no doubt sir, but sucli would be the case, if there were no restrictions thrown around the banker—if there Was not a solid and reliable basis upon which rested every dollar of Such issues. I have no doubt but such would be the case, if the bftiiker—.if'the corporate body issuing the bills, did not know that for every dollar of paper issue put in circulation, one dollar in stocks was deposited in the Office of the Auditor, a large amount on its counter, placed there by virtue of loans and bills of exchange, and twelve and one-half per cent, in gold and silver in its vaults, pledged for its redemption.

But I am impressed with the belief, that it will be some years after a system of General Banking is-adopted in this State, before it will be in active operation.

The relative bearing of the financial interests of the State of Indiana, is a subject not to. be understood in a day, in a week, or in a month —it is a question to be calmly considered—and during the existence of the present State Bank, Lquestion if any more issues would be thrown from the counters of those who were acting under a General Banking law, than would be just sufficient to meet the wants of the community. They could at least be in operation sufficiently long to have gained the public confidence, or reoeived the public condemnation.— If they were proven by actual experience (the be§t of all tests) to be based upon a good and permanent basis, then by the time the State Bank had called in all her issues, the banks created by this bill, could, and would necessarily supply the vacuum made by the draining off in so snort a time, of about $4,000,000 of our present circulating medium.

Now, sir, under our present constitution there is no avoiding the necessity of legislating upon this subjrtt. Our present State Ban and its branches have received at the hands of the constitutional Convention, the public disap

favoritism

irobation—the community, incensed at the that has so long characterized that institution, placed their final seal of condemnation upon it and soon ail its glories will be "numbered among the things that were," and we will have left us only one of two things to do—-either charter a Bank wiih branches, without "collateral security," the State having no interest in it, and consequently the whole financial interest of this State, placed in the bands of a wealthy corporation or you must establish a General Banking system, having conditions similar to those contained in this bill. "Now chose ye who shall rule overyou."

To undertake to prove, by argument, at thia late day, that it is absolutely necessary to have MRK species of Banks—to have a representative currency, is to my mind, like adducing argument to prove the truth of an acknowledged axiom in geometry. The most limited knowledge of the commercial history of this State, must certainly upon first blush, show to every one, the necessity of such a medium.

And, in fact, I have never heard any sensible argument brought forward by those gentle-

rgun

men who are opposed to all Banks, to support their position—the argument always ends just where it always begins, with the simple assertion, "1 am oppoxed to all Banks."

The question then, sir, is not "shall we legislate at all," but which of the two systems recognized by our Coastititution shall we adopt.

As for one, and I speak only for myself, I am for a General Banking law and I am for determining the conditions of that law now—this very session. The people whom I have the honor ia part to represent, have expressed their opinion upon this subject—they have not been lulled into a lethmgeuc sleep upon this great question so intimately affecting their interests, when almost the entire State has spoken oat—.whena&rge portion of the time of the constitutional convention was consumed in the consideration of this subject, and its thoughts, and its debates scattered broadcast throughout the entire borders of the State.

Sir! would ash, what sow is the financial condition of thia State? The State bank of Indiana has a paper circalating medium of about $4,000,009, the great majority of which is is circulation within the bonders of this State, and we have an additfon* al circulation of over $2,000,000, being the issues entirely of foreign banks.

Now I take the postion, that when you combine all the banes of our banks, and all the issues of foreign banks in circulation in this State, you then, do not bare mors than half emongk "promise# to pay," !o meet The cotnmercial, the mechanical and the agricultural inter- .. jests of the State of Indiana.

You then donotaffbrdm&rethan half iraough circulating m£dimn^ eotnlownsuTate with, tine immediaftfwauts of

What is tuG eflfec

tustry,the

._.^.s TKe pnrcbasfe^

cannot proCur&ineatis (ot^toipeak tner truth^ but feW otthert can-procure any,) to bny tujilii pfoducts^of th^ country. ^The State Bank be/ ing restricted"'in -her iS6nes--knowing that therewill be many taills for" every dollar she is pettnifted to "put in circulation—loans become^ species, of favoritism, and in the hands of?comparatively few, you will find all the issues of our banks: Competition in the purchase of the products of tne country is measurably stopped—the number of purchasers are restricted to the few, while thelarge number of sellers rcmaiu the same.

To my mind. Sir, there js nothing^ so much retards the growth and prosperity-^lrc full development of all the resources of a country, as that'her representative wealth—her fiuanpialintercsts should be restricted to the use^— sboald be suffered to Tfemain in'the hands, and at the disposal of a few of hercitizens. Too

reat a^check was thereby placed upon the inenergy, the ambition of the masses. Gentlemen say "it will be time enough to euact a systemof General Banking after the expiration of.the charter of the. State Bank of Indiana." ...

That Sir will be'five years from tlqs time. If we have not, so far as theissues of tliat bank are concerned, one-half of a representative currency commensurate with the Wants"of tlie people now, what will, bfi .our conditipn in five years from now?

The gift of prophesy can hardly foretelll the ^reat advancement that will take place in tliis State during the coming five" years. Gentlemen should recollect that this is the 19th century, 1852, when by virtue of the telegraph the remotest points"are brought into close proximity when business transactions are communicated with a tongue of fire, and important items of news are sent trembling from one extreme to the other of this great confederacy, with the rapidity thought flashes from the human mind. When to go from one extreme to the other of our State requires but a few hours.— when the forests are giving way before the woodman's axe, like the ripe harvest: before the sythe. When all, every interest of the State is advancing with a rapidity unparalleled, developing her resources- with an energy unprece dented-cvenin this great valley of, the Mississippi.

Sir, a circulating medium that would supply the wants of the people this year, may fall far short of doing so in one year, from this* time.

This is not an age when the people are look ing tO the past, as to the book from whence they can learn all that is necesary to be known.— New principles forthe government of mankind are now boldly asserted and fearlessly advocated, with one dash of the pen,old and long established precedents are forever blotted from our Statute books, and with a freedom of thought peculiar to the Anglo American mind, we trample upon all the past that does not stand the scrutinizing eye of common sense, and rush gloriously on, to a more and perfect establishment of those great, yet simple principles, which the God of nature, by our innate promptings, tells us are right.

But sir tresspassing no further upon the in diligence of the House, will stop here, to consider more closely the system of General Banking as contemplated in this bill.

The first thing to be secured in any system of banking is, that under the most unfavorable circumstances there is perfect protection to the billholder.

Let us examine for a moment how a system similar to the one we are now considering, has operated in those States where it has been tested.

In 1838 the State of New York enacted .a General Banking law, and in 1851 the Comp trbller of that Slate had countersigned for bankers, for the purpose of having the same put in circulation $15,671,004. As securities for those issues, the State had pledged, and in her possession, stocks, real estates, itc., in amount equal to $16,822,714 85, being an increase of $1,151,710 85, more than the notes, the State had tip to that date suffered to bo issued by the banks acting under the law.

This is an increase of somethingover $1,000, 000, added to the circulating medium of the State of New York per annum.

If, in the great State of New York, her paper currency increased, by virtue of a General Banking law, only at this rate, how rapidly is it to be presumed our currency will increase, Under the checks and inducements of a similar law.

Sir, I take the position, that having only $4,000,000 of a paper circulation, being exclusively the issue of our State bank, I sav, considering the issues of the State Bank of Indiana alone,we want $8,000,000 of a Representative currency added to it. And if it is our policy to continue to rely upon other States to send in upon us their issues, then we want at this very day, not less, than $5,000,000 united to our present circulating medium to meet the immediate wants of the many interests of this Stale.

Why, Sir, I venture to say, that this winter —within the last four months, between the city of Terre Haute, and the city of Lafayette on the Wabash river,, there was no less than $500,000 of paper issues brought from the eastern States, and put in circulation between tbose points, by buyingupthe products of the country.

And what is most peculiar is, that much of this very money, is the issues of the "Free Banks" of the State of New York—banks, the issues of which, are secured on almost precisely the same basis as contemplated in .this bill.

We .doubt the security of such issues made here among us, when all of, our citizens with entire confidence, take precisely similar issues, thrown from banks six and eight hundred miles from us—"consistency thou art certainly a rare jewel."

But it is said by the opponents to this system, "that it will all operate well eno.ugh until there is a run made upon the banks, when

'they will immediately close their doors, and their issues in hands of the honest, unsuspecting billholder, will depreciate rapidly in value.

Let ua again look to New York to^give a practicable answer to this objection. Br. St. John, who is the present Superintendent of the banking department of that State, in his annual report to the Legislature of this rear, speaking in reference to twenty-three insolvent banks that have beon finally settled by the State authorities, says: "On the 1st of May, 1850, notice was given by the Comptroller to holders of circulating notes of these banks, that they must be presented at the Bunk Department. for payment within six mcnths and that all the notes not presented within the time thus specified, would cease to be a claim on die residuary funds in bis hands belonging to said banks. All notes of said banks which were thus presented have been redeemed at the rate as specified in the aforesaid notice. The amount held in trust for said banks after paying the dividends to billholders, was $21,182,45, which was divided, pro rata, on the outstanding certificates. Notice was given to certificate holders on the 11th of February 185L, to present their Certificates for a final dividend, on or before the 12th of August. All the certificates thus presented have been redeemed and canceled. After redeeming all notes and certificate* presented according to the several notices afortxaid, the balance of moneys belonging to said Banks, was $5,550 34.

Are the inhabitants of New York more honest than the inhabitants of Indiana? Have

ieenconfidenceof

on that the moral integrity of the financier Wall street surpass* that to be found in the bosom of those who lire in more western clime. In a word, is there an

find,wouldfor

poer this look ai thongh the billholder is liks'g to huffier under a system of General Ban King, either when the bfcmks ,are closed as intofeenf, or when the parties-themselves wish .to withdraw .from further business

The small losses that have at any time occurred in the State of New York, maybe traced almost invariably to the fact of the State- receiving real estate as security. This is excluded by the bill we are now considering thereby making the security to the billholder, in the State of Indiana, even greater than in any State east of us.

State will

Secondly, there is a dollar upon thecounterof the banker for every dollar put in circulation, placed there by virtue of discounting bills of exchange and promissory notes and thirdly] there is 12J per cent,, in gold and silver required to b£ always kept and which tho banker will necessarily have to keep, in order to do business* for any length of time) in the vaults of the bank.

So there are $2 12J pledged for the rcdeinp tion of every dollar that any corporate body, comingunder.the provisions of this bill, shall issue from its counter—•independent of the individual liability clause.

But to say nothing of the amount placed upon the counter of the banker by his discounting, still there will bo $1 12£ pledged and secured, to redeem every dollar issued.

How large is this security, over and above that pledged for the redemption of each and every dollar you now have in your pockets issued by the State Bank of Indiana.

But, Mr. Speaker, there is one other important consideration yet to be considered, and with that I will conclade.

Is there sufficient inducement to justify the capitalists to invest their means in a General Banking Institution, based upon a system such as we are now considering.

•SM

If a bill of this kind is passed by this Legig. lature, "hew are tee to get the stocks to pledge as security f" is & question often propounded by those'who, if not opposed to this-system of banking, at least wish to interpose objections in. this colloquial form, to ,the enactment of a law, which their ingenuity can find no argu-1 roents to/defeat. Up to the Slat of October, p=1851, the outstanding-/?!* jwr cent..bonds of the: -w-«r r-iir^Tra A Ta S at of In an a am to $ 4 9 7 9 5 0 0 0 0 1 A

lect that in 1853 the interest this State will Sons, Terre-Haute" have to pay upon her public debt, will be no inconsiaerable sum but will be over $300,-

And here permit me to read from the able report of Mr. Fillmore, made to the Legislature when he was acting as comptroller of tlie State of New York. "It is not sufficient that the security be ultimately good or'collectible. Delay in redeeming the circulation causes it to depreciate, and is almost as fatalto the poor man,.who cannot wait, as ultimate insolvency. He becomes at once the victim of the broker. A bond and a mortgage may be good, that is the whole amount secured by them may be collectable, but the billholder cannot wait for this. They must be convertible into cash by salo, and if for any reason this cannot be promptly done, they are not that kind of security which should be required. All the experience of this .department shows that bonds and mortgages are not the best security for this purpose, and while better security can be bad, it is deeply regretted that they were ever received. TJie apprehension that there may boa de/oct of title, that the lands, mortgaged may have been nppraised too high, or that there may be some legal defense to a suit of foreclosure,, all conspire to depreciate their value in the estimation of pur chasers, when offered for sale at auction on the failure of a bank."

So I think, sir and the reasons hero given are unanswerable, against the propriety of taking real estate as security in a system of this kind, I am almost ready to say it would bo unconstitutional to do so, in tfuR, that it cannot be readily convertible into cash.

Let us now inquire Aoic the billholder would be safe—ominently safe, under the provisions of this bill.

First, there is a dollar in stocks in the office of the Auditor, pledged as collateral security for tho redemption of overy dollar the banker puts in circulation.

Suppose, then, the banker to have deposited March 10 lP52-l!J-6w in the hands of the Auditor $«0jU,000 in.five or six per cent, stocks and has received from the Auditor $100,000 in bills, which he is permitted to put in circulation.

The$100,000 thus deposited is drawing five if not six per cent., and the $100,000 received and putin circulation is also drawing six per cent—and according to banking computation, one per cent. more. Thus the whole interest that the banker receives from his deposite of $100,000 in stocks is certainly not less than 12 per centum per annum from which deduet the interest upon the 12$ per cent, of gold and silver required to be kept in his vaults, (and which he must necessarily keep there,)and the expenses of doing business, and you nave the clear actual promts, which is not less than 9 percent. saying nothing of the great profits that necessarily grow out of the peculiar method of doing banking business, and Ihe immense interests secured by virtue of exchanges.

Is this sufficient inducement? I think I have shown conclusively that the billholders are secured.

Then, Mr. Speaker, I am in favor of a General Banking Law—becau&e it will afford a sufficient and good circulating medium tothe citi

give.the required security.

ood reason believing that business of this be conducted more honestly in one portion of this country than In an other. Here then are 27 banks operating under a law almost identical with the one we are now considering, that have been closed as insolvent, and that too without the loss of one dollar to the bill-bolder—neither citixcn or State suffered to the amount of a farthing lo«&.

Another example: When Walter Joy's bank, which failed in 1850, was entirely dosed up, with the exception of $413 of outstanding unredeemed notes, it waj found that there was held ia trust for this bank, the sue of $2,869,01, ready at any time to cancel all unredeemed issues ever made by that bask.

Again—five individual bankers of that State, after giving notice to the authorities of their intention to close their business, first "redeem-

1 landing.

The stand is one of the best in this place, edmmodiens, and well arranged for business, and those wishing to embark in active trade, already established permanently, ought not to overlook so favorable an opportunity as is now

Eagle'

zens of the State—because it is no monopoly— A PLEASANT well-finished dwelling house "because no exclusive right is thereby granted containing some six or seven rooms, near by the Legislature to a favored few, but is equal

to all"—free alike to every citizen, who can

ST The river is in fine boating stage, having risen six or eight feet since our last issue, and the hea,vy rain on Monday night, will likely swell it'several feet more. .The Buena Vista and Huron were at the Wharf Monday, having come up with heavy iFreights. We noticed a heavy lot of groceries for Bement & Co. Business seems to be opening finely for the spring. i,

T'is true that many of jthose bonds are held U-*X*Aj by our .European bondholders- yet a large| Will sell his whole stock of FRESH amount can be procured, and procured, too,.at |GROCERIES

such a rate.that they wijl yield to the banker) Ttr ll ^rW-wr»r«r sixpercentuTi per annum- These bonds will Will ElSO RENT or SEX.L his STORE continue to be good, yea, ample security (for it

is, not to be presumea for one moment, that the! be presumt State ojf Indiana will evpr refuse to pay thet interest, upon her public debt., until the principal is entirely liquidated) to the holders of bills secured by their deposit.

Capitalists will invest their means in those bonds, and.then, for $1000-will be added to our bonds, brought to our State, $1,000 will be added to our circulatingniedium.

Not only will we be benefitted 'by having this increase in our jmper circulation, but semt-aivnually as the State pays her interest, will.a large portion of that interest be paid to our own citizens and gentlemon will recol

AT COST

ROOM,

with all the

fixtures, on

^erms. March 10, 1852-13-3w

J. W". N CI.CXG.

good

"JOHK BALliWlN

McCLUNG & BALDWIN,^ General Agency, Broduce and Commission Merchants)• 52 WALNUT STREET, .. CWCIXXATI.

References—H. D. Williams & Co Groverman A Bourne, J. D. Early, L. G. Warren, N. Smith

March 10, 1852-13-tf

000. This, together with the principal the FRUIT TREES AND 8HRTJBBER7. will from time to time pay, is an item

rPHE...

worthy of some reflection., respectfully informs his numerous custom-

Not only so but every man wlio has in his ers.of Indiana adjoining States, and commupocket a bill secured by the pledge of our own! nity in general. that he still has a rare and valstocks will have a direct interest in maintaia-. uable stock of Fruit Trees and Shrubbery, con sisting in'part of Apple trees nt 10 cents each,

ing inviolate tlie integrity, the credit of this State. If the banker prefers depositing the stocks of other States, that pay tbelr interest semi annually, this.he can ao, and* many of them draw six per cent, per annum.

But, Mr Speaker, let it be our first duty to give ample security to the billholder. And when I my ample, 1 do not mean thatit shall be only sufficient in amount, but it. should be of such a nature that it can be "readily convertible into specie/

Of the Discontinuance of the TT. 8. Land Office Fort Wayne, Indiana.

UNDERat

t^e ecntreof

Call and see him, north the sign of the 'Golden

proprietor of Perennial Green Nursery

Pear at 20, and Cherry 25 cents each. Red Cedar, White Pine, and Hemlock or Spruce Pine at 25 to 50 cents each, according to size. Balsam or Silver Fir, Norway Spruce Fir, and American Arborvitae, at $1 each. His shrubbery for beauty and size is probably not equalled in the We«t. Orders accompanied with cash or satisfactory references directed by mail to Bellville, Ind., or handed by passengers on the Railroad to the care of Win. A. Ragan, at the Depot at Claysvillc, will be promptly attended to, Trees for a distance will be carefully packed and delivered in good order at the Depot, free of charge.

Z. S. RAGAN, Proprietor.

March 10, lS52-13-3w

YOUNG LADIES' SCHOOL. rpHE Missos J. SrIi. M. HOUGHTON, would I- respectfully announce to tho citizens of Terre-Haute and vicinity, that they will open a seloct school lor the instruction of Young Ladies and Misses, on Monday, the 32d instant, in the basement of the Congregational Churchf From an experience of four years in teachingf and being graduates of the celebrated Female Academy at Granville, Ohio, they feel confident of being able to give entire satisfaction to parents who may commit their daughters to their care, as no pains will be spared on their part to give their pupils a thorough education. The course of study will bo the same as taught in the best Academics of our country, and will be divided into four classes, viz Preparatory, Junior, Middle and Senior. Biblical exorcises, and exercises in Composition, Reading, Spell* ing, Vocal Music, and Calisthenics, will be continued throughout the course.

The year will be divided into four quarters of cloven, or two sessions of twenty-two weeks each.

TUITION PER QUARTER

Preparatory,... .$3 00 unior,.... Middle, O O Senior, ..... TXTRA FEB QUARTKB: Drawing, .$2 00 Painting'

.$4 00

:4.

.$2 00

Embroidery 2 00

Terro-IIaute, March 10,1852-I3«tf

Notice \y

the provisions of the second see*

tion of the Act of Congress, approved Juue 12,1840, which declares "that whenever Ihe quantity of bnblic land remaining unsold in any Land District shall be reduced to & number of ncres less than oue hundred thousand, it shall be the duty of the Secretary of the Treasury to discontinue the Land Officc for such district and if any land in siny such disf trict shall remain unsold at. the time of the discontinuance of a lnnd office, the snme shall b«f subject to sale at some one of the existing land offices most convenient to the district in which the land office .shall have been discontinued, of whicb ihe Secretary of the Treasury shall give not ice and inasnivehas the duties above required have been devolved utmn the Secretary of the Interior by the "Act to establish the.Home Depart ment." approved 3d March, 1849:

Notice is accordingly hereby given, that the Secretary of the Interior has advised this Office that the Land Office at FOHT WA*WE, in the State of]KI)IAKA,i8 to be discontinued, and the lands remaining unsold at tho time of the discontinuance. are to be thereafter subject to sale at the Land Officc at INOIA*APOLI«, in said State.

Lands remaining unsold, and unappropriarl by law, and subject toprjvate entry within the limits of tho Four WAYNI district, will cease to be subject to entry as heretofore at that offico, from the date of the recoipt of this notice bj' the Register and Receiver thereof, and the land officers at INDIANAPOLIS will give notice •a to:

I am aware, sir, that to induce monied men to invest their capital in institutions of this kind, they must have a positive assurance that they can make more than they can by ordinary loans. They tnuftt know that they will receive an interest equal to any well secured on which 'tto/KiUie prepared to receive loans that they could otherwise make: ^"d I applications for entries of any such lands at their then there must po a flattering prospect that! „kcr j. BUTTERFIELD, they will make more. ,i Commissioner of the General Jxind Office^

State of Indiana, BfilllVan County, Sullivan Circuit Courtr March Term, 1852/ Mahala McGrew, ts, Andrew J. McGrew.—Petition for Divorce. mHE said complainant by S. B. Gookins, her

solicitor, files her bill, and also the affidavit of a disinterested person that the said defendant is not a resident of this State. It is therefore ordered that the said defendant appear in this court on the first day of the next term, to be held at Sullivan on the last Monday in August next, and on or beforo the calling of the cause, plead, answer, or demur to the complainant's hill, otherwise the matters alledged therein will be heard in bis absence. It is further ordered that a copy of this order be published in the Wabash Express, a weekly newspaper printed snd published at Terre-Haute, in the county of Vigo, for three weeks succes' sively, at least sixty days before the first day of the next term of tnis court, and this cause is continued. 'Attest:

March 10, l852-13-3w$2 00

town

AJe0f for tale

game(

i-1'1*

ri*

Bare Cbanee lot Business Offered M. W. SBSAX wishes to dispose of bis stock of fresh Groceries and Liquors, at cost, amounting to some six or eight thousand dollars' worth. The purchasercan also have the stand and all the fixtures, and commence a lucrative business on the day after his purchase. The house is in possession of a good run of custom, which, of coarse, would be continued to the successor, which, of itself, is of much importance to the purchaser, saving him maoy years in making the public acquaintance, and gaining itsconfidenco.

...» ..

•i¥

H. K. WILSON, Cl'k

House for Rent.

which can be bought at a fair valuation,

and paid for in board. Also, one or two store-rooms for rent, and a

complete set of tools and fixtures for carrying on the Painting Business, for sale. A first rate opportunity for a person wishing a good stand for business, where he can be accommodated with a dwelling attached to the same. For further particulars enouire west side of Fourth st., 2a door north of Main st.

March 10,1853-tf L. WARREN.

Strayed,

ed face, one hind foot white, some gear and saddle marks, four years old this spring. Also, a small bay stable horse with saddle and gear marks, five years old this-spi" Any information of said horses will bent fully received, and the person giving aul formation aball be satisfied for hta trouble formation may be given by letter, addrei the subscriber, at Chri»tyrs Prairie, Clay tv, Indiana. H. WHEEL]

March 10,185&-13 3wpd

j,e forDjture belonging tothe

FROM the residence of Oliver Cromwell, in Jackson township, Clay county, Ind., on the night of the 2d inst., one sorrel mare blaz