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Newspaper
American Union
Location
Morgantown, West Virginia, United States of America
Date
Apr 24, 1838
Page
3
Excerpt from a London bankers circular stresses that a bank must align with wealth aristocracy rather than democracy of numbers. It cites a large chartered bank’s political influence as a historically propitious example and notes the role of savings and state taxation in shaping power.
Critics say the verse Hope by Sylvester is inadmissible with harsh unpoetical lines and a difficult form. They note 4 Victim would not print well and suggest the author seek a schoolmaster to transcribe his incubrations. Inthology No 2 has arrived and will appear soon.
The notes of numerous Ohio banks including Farmers and Mechanics Bank of Steubenville and many others such as Commercial Bank of Cincinnati Franklin, Life and Trust Co de Lafayette de Chillicothe Circleville Cleveland Columbus Dayton Hamilton Lancaster Massillon Marietta Mt Pleasant Newark New Lisbon Putnam Bank Muskingum Painesville Portsmouth St Clairsville Sandusky Urbana Warren Mooster Xenia Zanesville are received. The notes of Wheeling Wellsburgh Pittsburgh and Eastern Banks are generally received as well.
A Steubenville packet named Eutaw suffered a disaster at six o clock as the engine stalled and two flues collapsed. Several aboard were injured including clerk Ful ton lightly and engineer Smith critically burned. O Neal sustained a skull fracture. deck hand Vanesdell drowned. another passenger is missing. Cause attributed to inattention. calls for greater care in future.
The Bank Convention now meeting in New York advised banks nationwide to resume payments on the first Monday of January, with scope for earlier resumption if needed. Delegates from New York City and State Banks proposed that New York banks resume on May 16 next, at the meeting held on the 16th.
The issue divides the aristocracy and democracy over bank specie payments after 1836 currency inflation. Whig and bank interests face criticism for hindering coin-backed money while railing at Biddle. Abner Kneeland trial delays noted alongside steamboat Empress voyage. A Allegheny town newspaper planned as Western Emporium is announced. Treasury notes, exchange rates, and Connecticut Federalists noted amid broader political tensions.
The Democratic party of old Bel mont celebrated the birth of the great father of our principles Thomas Jefferson on the 3th inst. A large number attended and the gathering was marked by utmost good feeling.
Debates over the Independent Treasury Bill are noted with thanks to Hon. Thomas H. Benton. The Prince de Joinville is expected in New Orleans while the Big Ship Pennsylvania lies at Norfolk. Fire consumes Sewell’s Cotton Factory in Allegheny and large fires burn Natchez structures. Journalists in Pennsylvania debate the new constitution as 23,000 guests register in New Orleans hotels. An Ann Arbor church is broken into and vandalized.
Across various counties, reports on the elections show a hopeful, democratic spirit as parties test political grounds. Citizens participate actively, ballots are cast, and results are anticipated with confidence in the system.
A large Anti Abolition meeting was held in Zanesville on the seventh inst. The proceedings occupy six closely printed columns in the Aurora, indicating a lengthy and detailed report of the event.
A letter writer in Merxico argues the Senate committee majority favors coercive measures to avenge repeated insults to the national flag, signaling strong congressional resolve and patriotic response.
Proposals in Harrisburg to publish an Anti-Masonic newspaper titled Aurora Boreallis or Northern Light to support Governor Ritner and a Whig presidential ticket. The prospectus promises to reform banks alleged to oppress individuals, subsidize the press, and bribe legislators, labeling opponents as traitors. The editor claims a goal to overthrow corrupt banking institutions and vindicate public rights, drawing Glasgow Harrison Ritner Loco-Foco parallels.
The Montreal brings at least six hundred thousand pounds in specie to New York, triggering sharp anti administration rhetoric in the press. The vivid metaphor suggests deep divide as factions attack leaders and their allies.
The Democratic candidate for Mayor was elected in New Orleans on the 2d inst.
The New York election results show Clark winning as a minority mayor by 111 votes amid a Whig scare reported by the Baltimore Republic. Whig claims of twelve wards out of seventeen prove false as losses in wards four and fourteen offset gains, reducing their citywide majority from three thousand to three hundred.
Washington letter addresses resumption of specie payments by banks. The Department aims to promote payments only as needed for disbursements, avoiding hoarding or competing for specie. It promises immediate payout of receipts to cover appropriations and notes officials have informed Boston to prevent financial fears.
From a Mobile Mercantile Ad vertiser slip we learn the U S Grampus reached Pensacola on the 27th after a fifteen day voyage visiting Matanzas and Havanna. The Grampus left Havanna for Pensacola in four and a half days amid yellow fever reports. Rumor from Havanna says the French squadron planned an attack on Vera Cruz and a frigate sailed to join there. Vandalia arrived at Pensacola ten days from Vera Cruz. French squadron awaited Mexican authorities' response to demands, a decision seen as key to hostilities.
From the Globe the piece portrays Henry Clay and Nicholas Biddle framing a final battle between banks and the Administration. It asserts a campaign of extermination rhetoric on both sides, with warnings that Bank power and metallic credit oppose the government and threaten the Republic's currency and political order.
A Democratic tone questions whether the speaker intends to uphold the Constitution while opposing the Bank of the United States. The comment suggests a plan to persist until the enemy departs the country or the president elected by the people is ousted. It implies sweeping opposition to the Bank and its backers.
The Madisonian’s Prospectus and its ties to the National Intelligencer are criticized for masking true aims to undermine the Administration. The piece argues editors boasted of neutrality but sought to split Congress, undermine policy, and promote a Bank of the United States under foreign influence, with the mask now removed.
An 1800s Steubenville ordinance bars retail sale of ardent spirits and tightens beer and wine licenses. Applicants must file written petitions with ward endorsements, announce intent publicly, and meet age and residency proofs. Licenses run up to one year, fee set at fifteen dollars with mayoral issuance and seventy five cent processing. Minors barred from purchases.
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