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Newspaper
American Union
Location
Morgantown, West Virginia, United States of America
Date
Apr 18, 1838
Page
2
A long Atlantic discourse argues for an independent federal treasury and hard money, condemns bank paper as ruinous, and urges using gold and silver to stabilize the currency. It traces the 1814 1837 bank crises, praises Jacksonian reforms, and calls for a constitutional currency and a national policy to restore specie payments.
A farmer reported a ewe stolen in Jussey Haute Saone. After days with no trace a lamb repeatedly halted at a cottage door and entered, leading to the discovery inside the dwelling of the animal offered by a widow.
The American Union is published every Wednesday morning on Market street near the F. & M. Bank at two dollars per annum payable half yearly in advance or three dollars at year end. No paper stops until arrearages are paid. Advertisements at usual rates. Letters to editors must be post paid.
Notice states Hod and Money Card printing will be executed at the Union Office on the shortest possible notice. The message references urgent action and unspecified timing, with no clear date or further identifying details.
An 19th century column notes a Whig era joke about essential aid replacing money terms. The phrase spreads from banks to markets and bars, with all social classes using it. It appears in payments, debts, purchases, and even bank clerks whispering it at boarding houses.
A quotation heavy screed voices panic over national finances. The New York Gazette and other papers rail at government debt while Mr. Cambreleng moves a ten million issue of Treasury notes to cover urgent expenditures. The Treasury lists unavailable funds and state bank credits totaling over 28 million dollars, plus 3 to 3.5 million due on merchants bonds.
The Federal presses laud Daniel Webster in a long retrospective. The piece traces his early attacks on Democratic Fathers in New Hampshire, his wartime Congress seat, and his votes seen as subservient to Britain, ending with a harsh note on the burning of Washington cited by the Eastern Argus.
The Albany Argus reports The Times characterizes the new Whig Conservative paper in New York as a Democratic Republican echo. It claims the paper aims to undermine Democratic leaders while feigning partial friendship and Democratic Republicanism to lure Republicans.
The State election of Virginia will occur on the last Thursday of April. The Legislature chosen then will elect a United States Senator. The term for which Mr. Rives was elected expires in March 1839.
Much anxiety is felt in New York for the safety of the French barque Cette, Capt. Delescinier, which sailed from Havre for New York on December 6 last. She is now 107 days out with no tidings received.
The Harrisburg Telegraph reports the sole printing item for the Reform Convention totals one hundred fifty thousand dollars, including the expense of German translation.
The steamboat American on the Natchez to St Louis route struck a snag at the foot of Big Eddy and sank in Highsheet water. She carried a cargo of iron and, fortunately, no lives were lost.
The Madisonian is labeled a Whig stronghold that would back a National Bank over Democratic policy. The Globe article quotes extracts showing its stated preference, urging independents to reject the Madisonian's promises and pivot toward the party it supports.
The Richmond Enquirer rebuts the Madisonian creed and its Sub Treasury and Special Deposit schemes. Editorials warn Conservatives against compromise with Loco Focos, praise Connecticut Whig gains, and accuse the Madisonian of bank bias while laboring to mislead the public.
The piece rebuts Mr. Biddle's charge that the Administration seeks to destroy banks. It cites the United States holding one-fifth of a bank's capital, the transfer of assets to a new corporation without public notice, government leniency in repayment, and the Treasury’s defense against coercive bank actions. It argues the real danger is bank power over currency, not government hostility, and calls for responsible oversight of revenues and a shift away from self-selected bank directors.
The Mint has begun coining with yellow coins similar to the 1834 issue, marked by a C under the head to distinguish branches. Delays were due to remoteness from Philadelphia and sourcing necessary materials for assaying and coining. The vaults hold much bullion from mines in this state and South Carolina, boosting mercantile and mining interests as circulation improves and likely benefits all classes.
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