Western Sun & General Advertiser, Volume 24, Number 52, Vincennes, Knox County, 18 January 1834 — Page 2

wt the rirht natcnltp authorize the ! ' 1 , , , rtromnt their in-

SUJCfclioioer, u vw r" . . ' dividual interests; but have

button i-i question, taken upon them nod it was incumbent upon the secretary ivus to rive the like authority over mo- j of the treasury, on that account, to withv which belongs to the? U. States. ' I draw from its possesion the money of the

fic!v jicy J . .1 IT. T Is n institution which deals tnus wnn the monev of the people, a proper ocpo,- f itoryibr the public funds? When such a ; Tight is openly claimed and acted on by the board of director?, can the money of the United States be deemed safe in its hands? The same principle that would sanction the application of one portion uf the public money to such purposes. TouIJ justify the like use of all that mav oime to its possession. The board of directors have no lawful author;tv tn p;n,-dov the monev of the U. states . s 1

fursuf h o!?jccts. So far as the nation is ; necessary that arrangemeuts should be concerned in the character of th bank, immediately made with the new deposilothe people, through their own representa- ries of the public money, which would not tives in congres can take care of their j only render it safe, but would at the same own righte, and vindicate the character of j time secure to the government and to the the lank, if they think it is unjustly j community at large, the conveniences and assailed. And they do noi need thu aid 1 facilities that wore intended fo be obtain-

of persons employed find p;id by the bank, to learn whether its charter be constitutional or not, nor whether the public good requires it to be renewed. Nor have they authorized the president and directors of that institution, to expend the public money to enlighten them on this subject. The resolution in question is, moreover, in direct violation of the act f congress by which this corporation is established. And it is niiTjcult to imagine how the unlimited and irresponsible power over the tnoucy of the bunk, which the director have given to their president, ran be reconciled to the clause in the charter which requires se en directors to form a board for the transaction of business. If the cxpenditure of tniicv , for the purposes con-; templated by tho ."-'solution, be a ,legiti mate part of tho business of the corpora tion, the board could not lav, fully transfer it to one of its oflicers, unless thev can by j

resolution, surrender into the hands ot j to itself the right to demand security their president the entire powf-r of the ccr- j whenever it may think it advisable, alporation, and commit to the care of a sin- j though the amount on deposite may not be gle -individual, the corporate powers which ' equal to the sum above stated. The banks

the lav. has declared should Le exercised ; bv the hoard of directors. Vhief Justice Marshall, in the case of the bank of the United States vs. Dan-

3ridgc, when speaking of the bonds re-! perform all the service to the government i ired to l.e given by the cashiers of the ; which were heretofore rondered by the bank. says, "It requires very little knowl-! bank of the United States. And by aIge cf the interior of banks to know, ! grcenients among themselvcf, to honor that the interests of th' stockholders are ' each others notes and drafts, they are procommitted, ts a very treat extent, to these, ! viding a gcaeral currency at least as And other ofhV.ers. it was, and ought to sound as that of the bank of the United liave been, the intention tf congress, to so-1 States, and will afford facilities to corncure the gov ernment which took a deep ineree, and in the business ef domestic exinterest in this institution, and to secure change, quite equal to any which the comindividuals u ho embarked their fortunes j munity heretofore enjoyed. There has in it, on the faith of the government, as far t n)t been yet sr.fticient time to perfect these as possible, from the mal-prac.tices of its ! arrangements; but enough has already ollicers." Dut the directors of the bank j been done, to show that even on the score seem to have acted on principles directly jof expediency, a bank of the U. States is opposite to those stated by the chief jus- not necessary, either for the tiscal opera$ice. And instead of endeavoring to so-i tions of the government, or the public concure "as far as possible,1 the public and j venience and that every object which individual from the mal-practiccs of its j the charter to the present bank was deothcers, thev place the funds of tho bank ( Hgi.r 1 to attain, may be as effectually ac-uif'-jr the control of a single otlicer, from j complUhed by the state banks. And, if v.'hom neither security nor specif.-: vouch-j this can be done, nothing that is useful ers have been required. Uis true, that in will b-3 lost or endangered by the change. t!.e opinion which the chief justice gave j while much that is desirable will be gainin case from which the above passage led by it. iVr no one of these corporais qu'jvd. ho differed from the rest of the tions will possess that absolut-j, and almo i C" . " . Hut the difference was on oth.er ! unlimited dominion over tho property of r:riu ;ples, and not on the one above sta- j the citizens of the United States, which (ed. j the present bank holds, a ad which enables In forming my judgment on this part of! it at un .noment. at ilfiown plcastire, to 'the case, I have not regardeil the short t hringress upon any poitiofi of the time the charr hns yet to run. But. my j community , whenever it may deem it useirt duct has been governed by considcra- ful to its interests to make its power felt, th ns which arise altogether rut of the The influence of caeh of the state banks course pursued l: il.e bank, and which is necessarily limited to its own immedi-

would have equ-uiv iutluenced the decis-! ion of this uen:ftment, in relation to the 43epositrs, if the bank were now in tho first years of its existence. And upon this view of the subject, tho following propositions appeared to be fulls i.M'ntairtsd. 1st. That the bank, being the fiscal rgent of the government, in the duties which the law requires it to perform, is liable to all the responsibilities which attach to the character of acnt, tn ordiuat ry cases of principal and agent among1 individuals, and it is therefore the dutv ,.f the ollker of the gov eminent to whom the newer has been entrusted, to withdraw

Irom itsptssession the public funds, when- an oppressive exercise oi power, and forever its conduct towards its principal hasjeiyy recommend thcemphnincnt of state been such as would induce a prudent m m i banks in preference to a bank of the Uni-

n i 'i.atft life, to dismiss his agent from I I.:. .1. ;t That by means of its exchange ! i' , . ; nrmttleo, it bus so arranged its business, , , , . .i 1 ? to deprive theubhe servants tt those Coirr opportunities of observing its conduct. , tvhirh tho law had niov idtvl for the safetv i .1 of tho public money confided to it euro,

and that there is sutheient evidence tojger-:. The directors of the bank are nutj show that this arranaement on the part 1 compelled to hear daily the complaints'

oxenaug . endeavored uniustlv : inten-ts, at the ex7 to avancc ita own pense ef the interests and the just rights and the iust rights f the pcorlc of the U. States. ;

If these propositions be established, it ; cold calculations of interest or ambition, it veiV clear that a man of ordinary pru-1 sluuia deliberately plan and execute a t'.ence iti private life, woi:ld withdraw his , course of measures highly injurious ami f in is from an agent who had thus bch.i- oppressive, in places w here the directors reJ hime!f, in relation to his principal; ' vvho control its conduct have no local syin!id it tollovvs. that it was the dutv of the pathies to restrain them. It is a lived

rretarv of the treasurv, to vv ithdraw : jthe binds of the U. States Irom the Bank. ; That there is aufheieut cviacucc to

show that flie lanS hss been, tadjtill is, used its money tor the purpose of influen-

. i r t i iUC - u. aue ; - u - ; ,45 .u C7 ...T . Z n I. ft ... A iL..,. . . i .mm m - . m. a L proper purine . op uo-.c, ..a c felt myself bound by the strongest oMigations, to remove the depositee. The obligation was imposed upon me by tiie near approach of the time when this corporation will cease to exist, as woll as by the course ef conduct which it has seen Jit fo pursue. The propriety of removing the depositcs bcin thus evident, and it being consequcntlv my duty W select the places to . I - . 1 which thev were to be removed, it lecamei ed by incorporating the bank of the United States. Measures were accordii dirjjji ortlm

taken for that purpose, and conies or tliKrnudc it proper to withdraw a portion of

contracts which had been mr.de with tho selected banks, and of the letters of instructions to them from this department, are herewith submitted. The contracts with the banks in the interior, are not preciselv the eame with those in the Atlantic cities. The diflcrence between them arises from the nature of the business transacted by the banks in those different places. The state banks selected, are all institutions of high character and undoubted strength, and are under the management and control of persons of unuuestioned probity and intelligence. And in order te ensure the safety of the .public money, each of them is required, and has agreed to give security, whenever the amount of tho deposile shall exceed the halt ot tne amount ot the capital actually paid in; aid this department has reserved j selected have ulso severally ennued to transmit money to any point at which it may be required by the directions of this department, for the public service, and to ate neighborhood, and they will be kept in eueciv uy ine omer local natiKs. j tiev will not therefore be tempted by the consciousness of power to aspire to ptditical influence, nor likely to interfere in the clections of the public servants. Thev will moreover be managed by persons w ho reside iu the midst of the people, who are to be immediately affected by their measures, and they cannot be insensible or inditferent to the opinions and peculiar intereats of those bv whom they are dailv surrounded, and -with whom they are constantly associating. These circumstances ijdways furnish strong safeguards against ted States, with its numerous and distant l.rr.n.K.w A r..r..Mrnti.,n .S ! i deription is continually acting under the j ':.,:.,' " .i conviction of its immense power over the ! cii i ' . . i money concerns ot the wlnnc country, and is dealing also with the fortunes and com forts of men who are distant from them, i f and to whom they are personally stranw ho are affected by its policy. And we ought not perhaps to be surprised, if -acor. ' 1 poratpm poratpm like tho bank of the United tates, troni the leelmg of rivalry or from principle ol our political institutions, to guard against the uunece-s.iry uccumula-J Ucn ot power, over persons and property,

; and w itness the sufferings of those wkoj fV'5rL& i may be ruined by their proceedings. j ixtSjsom

in any tune. And nd hand aro 4css1

worthy to be trusted with it than those of a monied corporation. In the selection, therefore, of the state banks as the fiscal agentsof the government, no disadvanta ges appear to have been incurred on the SCOre of 8afttV Or rnnvonn,., r tUn crn- I era interests o the country, whilo much i - " WlAaV.kAV Vi- 14 W . mm I . 7 D mai is valuable will bo -rained by the change. I am, however, well aware of anu sunerinar on tht f.r.nnf. i ... . , . D I 5 This is one of the evils of chartering i O -wBtai bank with such an amount of capital, with tWe right of shooting its branches into eVery part of the Union, so as to extend its intluenee to cverv neicrhhorhood. The immense loan of more than twenty-eight millions of dollars suddenly pa.-njd out, chiellyin the western states, iu 131 and the four first month.4 of ISoi, fcutnciently attests that the bank is sensible of the power which its money gives it, and has placed itself in an attitude to make the people of the United States feel the weight of its resentment, if they presume to dis appoint the wishes of the corporation. by a severe curtailment, it has already the money it held on deposite and trans fer it to the custody of the new fiscal ageatsin order to shield tho community from the injustice of the bank cf the United Statw. But I have not sup;nsed that the course of the government ought to be regulated by the fear of tho power of tho bank if stub a motive could be Allowed to influence the legislation of congress, or the action of the executive departments of the government, there is an end to the sovereignty of tiie people, and the liberties of the country are at once surrendered at the feet f a monied corporation. They may now demand the possession of the public mney,or the renewal of the charter, aad if these objects are yielded to them from apprehensions of their power, or liom the suffering which rapid curtailments on their part are in flicting on the community., w hat may they not next require'? Will submission render such a corporation more forbearing in its course? What law may it not hereafter demand, that it will, if it pleascsj be able to enforce by the same means? ' These considerations need not however, be pressed further in this report. They are too obvious and striking to need enforce merit by argument. And I rely with confidence, on the representatives, of this enlightened nation to sustain u measure which the best interests of the country called for, and which had become absolutely necessary to preserve untainted its free institutions, and to secure the liberties and happiness of tho people. lam, very respectfully, )our obedient servant. R. B. TAXliV, trccretary of the Treasury. 4 ; EMAINLVi in the Post Office at ii.t Washington, Daviess county, Indiana, the quarter ending the Jllst December, 1833, which it net taken out within three months will he sent to thu General Post Office as dead letters. A B John Amick vieorge Batchelor floury Bruner Christ'o. Burteh Samuel U.Betket, James Buzan G D James Calhoun .Michael Davis William Cummins James Doherty, 2 John Cov il Jacob D. Crabs John Donaldson oseph Doherty Hue Car suph H. Davis Muses Cawoo r Indian Uilison Levi Kd wards William lilis Klizabcth Fowler William Fuller Adam Flake I I llouson Harbin . Ann A. llornlmck Ihuijamin llawkim John Ciadsberry William Hargis .Mrs. Hawkins I'M ward Hatcher, 2 Edward llulon 3Iary Jane llolden Daniel Kimpton Eli-h t Palmer Wiide I.ufthurrovv S unuel Parr?ns Dav id MD mald,M Bej. Pen hey James Mattingiev A. Perkins, Eq. Mary Quigley Jos. O'.ligh'V (ieo. Roddick Rev. James Ritchie John Rodalmcl Hamlet Snnlord William Swan J -lines Vv ilkir.s 1 .phr.itlll J ilOmSOU ' V n , v , John lhornberry James Williarns , , ,,, T , t.- . ,v John Al ison, Esq. .lolin W v kott ' !Mllv .,r,,,Mlv Witiiam Williams January 1, ISM.-iL 50 ow AKBN UP BV Ephraim Jourdan, "Knl a" 1 a a,lia 1 u e, appraiivi Uentv oUars-theother, U.thlmd Iaa ti lulu ks'atl.n LL't.A i. I . 4 . 1 . . " Uk ,u n other nruuJs or marKs perceivatile; appraised to ten dollars by John Hartlv and Thomas Jourdan. ISAAC COONS, j. p. Janurvry t, IS'.l 1. -;0-Utp ttags ! itags ! Hags ! v,.., wri, w.., an quantitv oi clean Lumen oe Cotton j xtm at tj;c 'STCSI sun ojfccjf

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hereby given that it is the imperi ous duty of the undersigned to close the accounts of . the late linn of Doctor? Kuykcndall Decker, so soon asconvenlUiit. scttlcd accounts ami ... an j n w- w J hcretore all those who have un ,,,;.. th. s,nio . ,f.Ar ifirj, I "ZT"' fpniililr rf ftr'f natirtrr f Via iiv i m. iiiit. It is therefore desirable if they wish to save trouble inhavin tcred to call and set partner, as I am detc responsibility. II. DECKER. Dec. 1C, 1S33. IS-Sw STATE OF INDIANA, ) Yamlcrburgh County, j v. I'EOB.V or vANnxnui'RGn coyir, Aocexber 7Vm, 1N33. & Anna Rich-t Im'r. Adufx. of Petition to .settle Itichey, deceased, V VI. V f!Gh The creditors of the said Da- J tdtc aid esat in vid Kichcy, deceased, J solvent. OW here the said petitioners having X N Med their petition, setting forth (among other thing's) that the estate tf said decedent is insufficient to pay the debts nf (said decedent. It is now here ordered that tUn creditors of said estate be notified of the pendency of this, petition by publication of this order six weeks successively iu the Western Sun. And it is ordered that the creditors aforesaid give the said petifionors notice of the nature and extent of their demands by filing in tho clerk's (nTice of this court, a statement of the nature, date and extent of th-.ur demands previous to the final distribution of tiie assetts of said estate, or they will Le postponed in favor of more diligent creditors, and that unless entire le shewn to tho contrary, final distribution of the assctts aforesaid will Lc made at the next term of this court. Copy Attest, W. T. T. JOXE3. CVL Df.ccrLber 7, "IRE AS m wit'.; S iiiy hashfji inv bed and board, this is warn ersons from !iirbor:!ig or Jrustin her on" my account, as 1 vvi.i pay n iVbu sh: may contract, and am determined to enforce the law on all oifenders. JOHN DRAIN. January 1, 111. ;"iJ .5? DR. J. MADDOX "TJ AS just received and inw opejiic, i' the house formerly fccv.pied 1.' Dr. E. 3IcNamce, a new and fresh supply TP is J Q Paints, (tils, Medicines, J He-SI tiffs. eVc. Together with a variety o So celebrated for th-; rmo of rvrofula or 4,,".'- i,,T--rous j.ruptions on the .ivltl, Rluunatism and ( iout.al! :;i.rai:n Ai - rr, . Bruises, Coids, Coughs v- (.'onsannrionsj Dij)rpsia, ilieuse of the Liver, WVny?, I - - Bowel Complaints, Fever .i:d A-Mie. S re iN os, and iiino-,t every ether disease incident t the Jiuman family. All of which are warranted genuine, and will besoJi on the most reasonable t ;r:ns. V mcennes, Nov. ;?'., i GROCElliES, HE sulcrii fra hav !. from New (JiIou::3. j ;st received al crul IB Selected Assortment of vv,:t. .1 i ... M'iit.i im-v nave opened in w: ;:oulately occupied by Taylor cr. Watson, Ji:tJ j adjoining .Morgan Jones1 H it and Groce ry Stote, where they have, and intend to keep, a constant supply of th best k bnocEniEs. 01 EVERY Ii:scitirTION. ALSO Corn Meal and Macon, always kept on hand. THORN & TRACY. Vmccanes, Oct. ISM -it) t f lJj&.mLl mm m Ju t received tw o hundred barrels first quality KEXIi.iir.l SALT, and for si'o. by BURTCH &s IIEBErj). JuvV3 1S:I i5-tf APPRENTICE WJiNTED. A YOUTH lietw ccH the age of 15 and 1G years, who can read and write, ol good moral character, and industnou habits, will be taken at this oilice. ti learn mo pnnung ousine, u ;i::uca:iv:i tn: , made immediatedy. I Qy&. .t,

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NEW TEAIl OF WALDIE ft CIRCULATING LIBRARY rno.;rt:cTU3 or two mw volimi:. VYEAR has now classed since the subscriber btrtxluced the new method ui

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rained to bear no volume,, iciiuing io give auaiiionai inieres.

In addition to the plan originally pripased, the four pages of the cover have b-er added, in whole amrJe columns the edif-