Western Sun & General Advertiser, Volume 24, Number 45, Vincennes, Knox County, 7 December 1833 — Page 1

l&j eja.TunD.ir, bhcsi.23sr 7, 3.833.

Site S&tfitmt Sun IS published at 2 50 celts, for 52 'numbers; which may be discharged by -the payment of $2 at the time of subscribing. torment in advance being the mutual interest of both parties, that mode is solicited. A failure to notify ti wish to discontinue at the expiration of the time subscribed lur will be considered a new engagement; and r'3 subscriber at liberty to discontinue, until all arrearages are paid. -Subscribers must pay the postage on their pa pcrs when sent by mail. Letters by mail t) the Editor on business must be paid, or fhey will not be attended to. . Peoduce will b3 received at the cash inarkct price, for subscriptions, it delivered within the i-ear. AnvEKTisxrioTs not exceeding one Square, will be inserted three times far one dollar, and twenty five cents for each uftcr insertion longer ones in the same

proportion. QPersons sending advertisements, must specify tho number of times they wish them inserted, or they will be continued until ordered out, and must "be paid for accordingly. LIST OF AGENTS. . tTohn Murphy, Washington, Ind. John Vantrecs, do do. John Arbutlinot, Princeton, lad. John I. Necly, do. Thomas Cissell, Mount Pleasant, lad. Vost-Mastcf, Owl Prairie, InJ. 1'ost-Mastcr, Bloomfield, Ind. IVs-t-Master, Sandersville, lad; "Post-Master, Oweusvillc, Ind. Post-Master, Slinkard's Mills, Ind. Jesse Y. Wilborn, Mount Vernon, Ind. Levi Price, Evansvillc, Ind. John V. Davis, Carlisle, Ind. Isaac Ong, Merom, Ind. Post -Master, T'ir man's Creek, Ind. John C. ReiJev, Lawrenecville, 111. Fost-Master, Palestine, III. Post-Master, Boonville, Ind. I'ost-Mastcr, Rockport, Ind.

from the competition of regular and lrfcit

. . , i ...

imaie iraue, mcy mignt be enabled to make larger profits out of their capital, and with less risk and labor. Bat as we, in the west, have not the power of correcting this evil pervading, as it docs, almost every nation we must be content with devising such a system of policy, as shall protect us, as far as possible, from the baleful influences which are most likely to flow in upon us from it." 1 have thought thus much necessary upon this head, although it is a very lamiliar subject, that I might induct my readers into the course of reasoning, by which I hope to establish, "that so long as the United States' Bank, or any simU Jar institution, is sullerod to remain in the west, v'c may apprehend a recurrence of simfiar s?cnes to those which occurred between the years 1819 and 1825." The west is yet young. It was first settled by enterprise and industry, from the east and the old world, invited hither

upon the people, used fur the purpose of mystifying a sui jeet in which their most important interests aro involved, to call United States Bank notes a national currency. What characteristics have they, I would ask, to entitle them to such a cognomen? Because the people of themted States own one fifth part of the sjfet, doc9 it so identify the owner of the other four fifths with the national government, as to make their interests and the whole people of the United States one! If it is a national institution, pray, to what nation does it belouiz ? Although it derives its charter from the United States' government, although its business is conducted in banking houses situated within the limits of the United States, and although it is ostensibly managed by American citizens, still I maintain, that so fur as itj relations to the west aro concerned, i?fv, character, in it3 interest, and in in polic, it is essentially foreign. How man sharosof the stock arc owned west of the

THE MORMONS. To prevent misrepresentation, and to do justice to a portion of the people of Jack-

effect to destroy his popularity with tho people, and that the consequence of it

would re that a majority would be elected

o.. ,wUiitj , is uiu urjcLi ui mis ariiciu. w v-"iignr?s, opposcu to Ms measures ana We were in error last week when uwa ;his views. The election of members of resented that no lives had been lost in the i Congress, however, succeeded and thir

conflict which has "iven rise to so much

speculation and apparent commisseration. The Mormons, about seventy in number, cowardly killed two, and wounded two or three other?, of seventeen citizens of Jack

son county, who visited their settlement,

predictions were entirely falsified. Instead of a majority being elected opjwvcd to his measure, the majority in his favor was greater than it had been before. It might have been reasonably supposed that

me entire failure ot their prediction-? in

by thehopo of obtaining tho comforts efi Alleghany ? how many citizens of the

life with greater facility, and the pros

pect3 of more independent homes. It is not to be presumed, that they brought with them much capital; for if they possessed wealth before they emigrated, they would not have been induced to encounter the vicissitudes incident to a new settlement. They could have remained where they were, and with their money have

purchased the comforts of life. The west, then, is a new country; and, consequent

ly, can number few, or

none, anion;

her

FKoU THE CINCINNATI HEl'LRLICAN.

THE BANK AND THE CURRENCY

NO. V. The first inquiry suggested by the sub

Jct which I propose to discuss in my present number, is '''Upon what tenure are we permitted to enjoy our present currency Vy As it is a subject having many collateral relations, it will be necessary to rake an ample range in its investigation. It is well known to those who have reflected upon the subject, that where wealth has accumulated into large masses, the possessors, desirous of ease and exemption from the cares of the world, seek to discn

gae their capital, as far as possible, from the vicissitudes incident to trade. The public stocks generally afford the safest investments. The capitalist, by availing himself of these facilities, is relieved from the cares of immediate superintendence over his wealth, can choose his own place

of re-i'leuce, can draw his dividends as

citizens, of that class of population whose overgrown capitals induce them, in the hope of abstraction from the cares of the world, to invest their futids in those corporations which furnish the circulating medium. We must, therefore, obtain our currency from abroad. Let us rest here a moment, and briefly inquire into another branch of this subject. In speaking of the value of the f.fst, or real property of a country, where the product is uniform, and when no known cause exis's to exercise auy extraordinary influence upon it when the estimated value of the same fluctuates, according to

the existing standard of currency it is a mistake to say, that it rises or falls; that the real value increases, or diminishes. The intrinsic worth of the property, re-

mams tiie same, it is the auuiutarice, or scarcity of money, which produces these apparent changes in its value. How obvious, then, is the necessity, thai in every country, more especially in those whose laws and institutions are adapted to a system of credit, that the currency should be uniform. It matters not what theslan dard of currency may be. There is, intrinsically, no real appreciation or depreciation, in the value of property, produced by its fluctuation. When it fluctuates, wbn ir.iins? Certainly not the mast ot

the people for not being speculators, their observation and sagacity are not div. V rccted to the causes which produce these apparent changes, in the relative value of their property. It is the few, then, who,

I having the superior means f information

to Hie probable vibrations; or who

wesi sre there m the parent Board ot Directory? was it the interest of tha people, or was it the interest of thy stockholders which induced the Bank to send its branches into the .Mississippi valley, and to assume the management of the curren

cy? It has now ten or fifteen millions f

dollars loaned in the western country

pray, whose interest should bo consulted,

in dctenninmii whether that vast sum

should be suddenly withdrawn or not?-

Past h'utory, I apprehend, will furnish a

solution of that question. When it is ur gcd that the bunk is managed by honora

ble and high minded me::, who could not

be brought to betray the interests of the

peonie. :mcr mev nan conuueu to mem so

important a trust as tho management of the currency; if we are not led to distrust theiu, by our already dear bought experience, let us go upon the exchange in London, in Philadelphia, or injew York, and witness tho deceptions, the frauds, and tae overreaching duplicity, there daily practised, that we may thv more accurately estimate the degree and extent of moral feeling which exists in a

community of stock jobbers; and after

tint trf llin nitrn.vn ' C -1 I I 1 1 i .i

uiu mi rj;v, vji -u-ii..;iiuiiiz ticiru-1 c.xst; woji" nave renceren i ncm m.n

dations, but to -make arrangements and cautious in undertaking to jud? of the

couiy lokr.inc unuersiar.oiug m relation to their covenant to leave the county. After

the first fire, which was ineffectual and

ichrck proceeded from the Mormons, the lamenLed Brazcalc, ascended an eminence,

and distinctly proclaimed rr.-vci:. From

that eminence, and with these words in

hi9 mouth, he was shot I For i moment

the conflict was general, but the people of

Jackson, discovering their utter want of

n.. rubers, fled fjr safety. Preparations were then made, under the excitement of

the moment, lor an exterminating conlU and this preparation was common to both parties. What would have been the result, it is impossible to conjecture. Fortunately for die community, and those concerned, the Lieutenant Governor issued some description of order, or request, which induced tho Mormons to ground their arms and leave the county. We understand that a portion of the militia arc ordered by the Governor ta stand in readiness, for any emergency, and have heard that tho Mormons demand to be rein.- talcd in their possessions and "New Jerusalem' This is undoubtedly their right, and we

trust tho Governor will award to them ample justice The indecencies of which we spoke two

miking these observations, then let us ak o.irscKes whether we are willing lo entrust our m ist important i-iterestJ to the keeping of such men? Men are the same every where, and I take it that a. conqueror from a campaign of crgro.ion, Ja!ea wu!i the spoils of vanquished nations, furnishes but pour evidence of the integrity of his character or the love he bore his

victims. Tii .se who had felt the arm of

lus power would bo slow in receiving these oppressions as pruoi that he togki oppress them no wore. I would ;:s soon

think of leaving heaps of uncounted ;fold

in the streets, and ndving

upon

honesty of the casual passer for its safety, as to trust the manaifemeut of tho cur

rency in tho hai

i .

ol any iet ot men,

whose interests could bo pr :;;ioted by its fluctuation and derangement. The management of the Uoitcd States Bank is in the hands of men who are not

members of this community, or citizens

nj in-

wheiover he pleases, and car. calculate, I themselves, perhaps, having a none v in the ! of tho west. They have little or

villi a reasonable degree of certainty, the control of the currency, and the detcrmi-Merest or feeling in common with us.

amount oi nisiucouu. nt-ucu ine eager- nauon 01 me amount 01 circiuauoa in a ness with which good securities are sought J particular district, that derive tho profits

ntter, ana the low rate ot interest which the owners of the capital are content to receive for its use. Stocks are of two kinds- Government, and Corn--ration. Ths Government stocks

from these fluctuatijns. These few pro

diice nothing add nothing to the common stock and yet, notwithstanding which, they grow rich. Does it not follow, necessarily, that it is by the posscs-

gencraHv command a higher rate in the i siou of some power, and which is not comrnarkct than Corporation stocks, for the mon to the mass, that they are enabled to reason, that where the government is con- appropriate the property and labors of othsidercd permanent, the income from them ers to their own use, and with out any adeis fixed and uniform. Government stocks i quate equivalent? This forces the iuqui-

are only aifeeted by the quantity of m.)-i ry irresistibly upon us "What system of' ney in the market while the value of j policy does the great interests of the west Corporation stocks, is more or less intlu demand, in this regard? How can the deenced bv the vicissitudes of trade, and I sign and schemes of this few be defeated, oilier extraneous circumstances, causing and the rights and interests of the many them to rise and fall, according to the e- protected V How can we siish, with tent and influence which these vieissi-j the greatest certainty, the amount of cirt.udes, and these circumstances, exert over j dilating medium which our wants and actheni. For instance, when it was expect-j tual condition may render necessary? ed that the United States Bank w ould be j And luw can we lender it uniform and re-chartered, the value of the stock of j permanent? I regard this question as of that institution rose, without being much j the very first importance to the great alinilueneird by the quantity of money iujieyof the Mississippi. The period has the market; while it sunk again, as the; now arrived when the people should 'make prospect of that event disappeared. j up their decision and, I trust, that it will Without entering minutely upon an en-; be settled only aficr the most ample and quiry into the principles of Banking, 1 1 enlightened consideration id the whole

may ne permiueu 10 say, inai by me subject.

course which events have taken, and tin

policy which has been pursued, not only

in this country, but in almost every other,' could be w ith most safety confined to the

a portion of the wealth of these large cap- j United States Bank; that as it is an italist. w hich has been thus withdrawn stitutioiu drawing its charter from tne nV

from trade, by

being

V.

Sloe

t.

of

banking corporations, has grau- tional institution, and that consequent,

ually taken the place of coin, until bank j it could with tho greatest propriety and notes (the representative of these laiVe j safety, bo entrusted with the management capitals,) hav e became the medium of cir-; of the national currency. This is a cunrulation in other words, the currency. ! ning and well conceived artifice, and It is true, the basis of this circulation isj worthy of the men w ho employ it, for the 4i'in; but, as tiicre is a greater amount of purpose of advancing their schemes of ihi bank papor afloat than there is specie j personal Aggrandisement. But I deny the

to r 'deem it, the paper has the controlling influence; and hence, it may be denominated the -standard of the currency. This is an unhealthy state of things; it gives t every thing an uncertain and fictitious value. Il i" a scheme which was long f-inco concocted by the designing few.

that thov iniht the more easily control

They are equally lndifl'ercnt to our good

or our evil opinion, it they won: for hire, we are not their paymasters. They derive their emoluments from inen u'io ate trading icith us. Whether thenI would ask, will they consult our interest, or the interest of those who pay them in negotiating with us? I apprehend I have amplified sufficiently on thii head. The United St.lte, Bank is an institution with an immense capital, the field of

its operations is coextensive with the lim-

its of the United States, and it diilbrs in

this, from nil other banking institutions in our country : it may send out its capita! in a particular direction, nnd to almost a-

uy extent, and w hen its interest may be best subserved by again withdrawing it, it

is not compelled, as other institutions would be. to hoard it in its vaults; as fast as it is withdrawn from one direction, it

may again be disseminated in another.

I w ould, then, ask the citizen of the west (for I carry my inquiry no farther than

the west requires me to go) whether the

United States1 Bank, governed as it is,

solely by its interest, and having t:.e injtv n i "ii

er, as it contesseaiy has, win noi vimj

on the people of the western country, the

same embarrassment which existed be

tween the years lbl'J-Jj, whenever its

interests rnav be oest subs-ened by such a

course. And, I would ask, what chance have the local institutions of participating

in the management of the currency

Vou may have as many i.r as few local

Banks as vou please, so long as the great

Lev iathan is in existence, it will be ut

terly impossible to establish permanently . t i

the amount ol circulation, l nave cone with this branch of tho subject. The

next number will be devoted to an exam

ination of the policy which the interests

ol the w est demand with rcgartl to hlic

whole in toto. In the firtt place, there is currency, what the character of the cflr

no such thing in tho sene in which tho i rency we novv have is, and an inquiry into

the comparative advantages ol a btate

aud Luucd States Bank. BRUTUS.

vicuw ot the people, and attempting to prophecy what their determination would be. But it had no such effect. They next relied upon the power of the B mk: the Turin" controversy and the Indian question to destroy him. All were employed for the purpose, and each wa3 thought to be sulficicnt to accomplish ha object. A renewal of the B ink charter was demanded, and the money cf the Bank was employed to secure iL A bill

was passed in Congress for it, and wo were told that if he refused to sign it, hi re-election would certainly be defeated, and that a majority would certainly bo elected to Congress opposed to all his views. His opponents in the South threatcued a dissolution of the Uni'n if tho protective system were not entirely r pealed, and his opponents m the North proJested that if it were not preserved ;ts it then existed he would be defeated. Bat

he pursued the even tenor of his way, ops posed to the views of both. He recommended a modification of the Tariff", reducing the duties but not removing them entirely, end hi3 recommendation was adopted. He was urged to make war upon Georgia, aud release the imprisoned mis

sionaries, and we were told that unless La did so, his re-elect icn would be defeated, and a majority elected to Congress who would compel him to change his course. He however vetoed the Bmk bill, purru-tl a middle course with regard to the tariff, and refused to meddie with ihe J .f.nii question. And what was the consequence? lie was re-elected by nti increased m.j rity, aud an increased majority was elect-: cd to Congress in favor 1 In m vs. Si ill his opponents contended that the ma

jority of the people were opposed t him,

and m il it lie md not change his views with regard to the Bank prti"u!arlv, and pursue a course more favorable to it, ihft fio-ple vxMiid.ni Htjinn terrible uav, manifest their displeasure. B it mj removed the depoirites from the United States Bank, and transferred them to the St it- B -i-.ks. This was represented a purine 1 he tap s-hcaf upon his enormities in notation of popular opinion, aud we wrretoldit wruM have the cfil-ct to r'ue ihe people to des-

penmou pgains. mm. u .t wtv again they failed in their conjectures. The clectionsin New Jersey, Pennsylvania :v.ii Maryland soon succeeded, and in the tVat and last of those States in whose Legislatures there had teen large majorities cplroicd to his administration, ihe table-.

son are represented as being a turbulent, have been completely turned, and lar c

unruiymoD; aim a noi, iwo years uiu, is j majorities have t een elected in favor of cited by way of confirmation. That the jit; and in this state, although the Con-

countv contains manv men of this de- regional districts won Wu .aF i.v hi no.

. IS - j w mm m ' t I .11. . .

-cripuon, we uo noi noun: so Ooes all

couutics. iat that a Iari:c inuiority are

fearless, honest, and independent citizens,

wo arc very sure. Ihe Lieutenant (Jov-

enorof the State, at the time of his clec-

weeks ago, were in fact tho work of a mob. It save rise to all the confusion which followed, and waa condemned by a largo majority of l he people of Jackson county. It was to correct this very evil, w hich induced the seventeen citizens alluded to above, to make the pilgrimageCV Jerusalem, and, which resulted so dim&terously and disgracefdly . This is believed to be a full sn-i jiiir history of the "war in the west." It is the truth, us far as wc are informed, an from what we have heard, it will si turu out iu theteslimouy which an iuvestiguliun willueecsariiv elicit. A ptiMioation in.ido by one fOrpaa Hyde,,' is goi'lg ihe rounds, in dil:l-ren versions, of the public press. He is represented tous asa njtorious scoundrel and coward, who foil at the very smell of nun p wder. lie heard cannonading, and dreamed of bloodshed, and on his honor,

aud fa truth ol his faculties, has made

theanvmoirtit.itions which are entirely false.

h is presumed he is yet running and wri

ting. H;iw tir he wilt go, where he wU

stop, or at. what point the cannonading wi!

cease to trouble him, :t is impossible fCT

jruesi.

j One word more: The pcordc of Jack-

It has been claimed that this vast pow

er, the powers of regulating the currency,

invested iu the j tional government, that hence it is Ujiia-

tcruis are generally used, as a national

currency. We h ive eagles, half eagles, quarters, and eighths, dollar, half dollar, quarters, dimes, half dimes, cents, coined at the U. States1 mint, and this is all the

national currency which I know of.

When you are angry, remember that

It a 0lJ ,,iay c ealmjand when you are calm

tire many; aud that by Uing removed J an abuse of terms, aud a toe impolitic 1 remcinl-cr thut yo.u may Lc ungry.

tion was, aud is yet a citizen cf Jacksun county. Another gentleman, far several

years chief clerk of ihe House of Itepre-

rentatives, is also a citizen, and we are personally acquainted with several gentle

men, citizens oi Jackson county, who

would do honor to any circle, and whse whole lives prove them to be above a ?ncan

action.

Tiiev have had to endure much. A

large portion of the Seminary Lauds were

originally located iu their county. Thev

settled upon and unproved them When

they were oftered tor sale, at a minimum

of two dollars per acre, they confined a

speculator, and prevented him from possessing himself of the fruits of their la

bor. Th wholu matter was renresente 1

eunrtp

to the legislature, and the legislature con

firmed the sale! And this is

as a proof of their turbulence.

biraightway came the Alormon, head, ed by a fanatic, who is a disgrace to the creation of God. In their doctrine, they claimed as an inheritance the whole of

Jackson county. Bv fraudulent and false

statements, they were gathering together the scum of tho earth were orfering inducements to the free negroes, every where to cuniG up and join them, and had succeeded in alienating many of the Indians who surrounded them. That the people, among whom they had settled, should feci

disposed to rid themselves of such a pest,

ponents, with a special view to answer their own purposes, six out of eight representatives have been elected favorable to his measure?, whereas they before stood six to three opposed to him. And in Pcnn sy Iv ania the very seat cf ihe Bank pow t;r, the majority in his favor has been greatly increabed. Thus their predictions have been all falsified. He has been constantly growing stronger in the affections ot the people, as displayed by the result of the election's, the only fair and infallible test of popular opinion, while his opponentshave alleged that his measures were such as would inevitably destroy all confidence in, and respect for him. With these facts before u, it must, think, be admitted either that his cmnonents have a very mistaken idea of ppu. tar opinion, or that the peopie h iv e a wrv vstrangc ineth'nl of showing -heir opiuinj. Wr.icii of the iwo are likely to be the fuct, v. e leave our readers io judge. For our own part, wc cannot hesitate to conclude, that his opponents know nothin" anout popular opinion, or that they havoV-t s'.ated what they know. Siilih w ev cr, ihey f4re as determined in their course of opposition to him aj ever. Snil th'.-y thre.tt-n to reject his nomination, an 1 e.dcav r io embarrass his administration i: everv possible way, upon the alleged groun J thut ho is acting in violation of popular ori, ! uand that they are acting in accordance with it. What must the people ihmk of such men ? What must be expected to !e the consequence to them of such a course? It is clearly proved that they have entire

ly erred in their views with regard to pub-

we think is extremely natural; and thai j lie opinion; and they may, an?I probably Iter in any other will in the end, find that thev arc no more

country, we arc very much disposed to

doubt Western Monitor.

From the Baltimore Republican. POPULAR OPINION.

able to resist jwpular opinion, than they have proved themselves to be of judging

in what direction it runs. Unfuthtul agents may abase their power while it remains in their hands: butit will revert t.

There is a strange pertinacity among j the people, who will now have tj reward

the opponents of tho present admiuMru

lion iu contending that the opinion of the people ii oopo?ed to the measures of the Frcsident. When he put his veto upon tho Muysville- Jload bill, ihey protested

iMust ttrcnuou?ly that it wouIU have the

or punish them as they merit, for the man

ner in which it has been or may bo e:m ployed. From the Hartford Times. We subjoin au oxtract from an article that appeared ia the Charleston M-reurv