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This newspaper page contains 7 articles. Subscribers can read the full text of each article.
Newspaper
American Union
Location
Morgantown, West Virginia, United States of America
Date
Aug 02, 1837
Page
2
A political essay argues objections to funding public needs via banks and corporations. It defends a Sub Treasury system, rejects perpetual loans, and urges justice over favors while detailing how limited funds could finance public works and reduce future taxes.
The Otto Statesman reviews House votes on the mammoth Bank Hill bill, noting frequent yeas and nays as Democrats push to reduce banks and set denominations. It highlights Federalists opposing limits, personal liability measures, note payability rules, and future amendability, concluding with indefinite postponement of the bill.
In a heated exchange the Democrats favor the indefinite postponement while the Federalists oppose it. The speaker accuses the Federalists of defending a corrupt banking system and portrays Democrats as opposed to it, urging full disclosure of the truth to the public.
Fragments from a letter by Gen Hamilton of South Carolina to N Biddle criticizing currency misalignment in the United States. He blames state issued money for the crisis, urges conciliation and banking reform, and warns against using the issue to crown a presidential candidate. The letter argues risks from a broad Bank of the United States charter and political faction.
The article cites claims that sixty million dollars in bank capital is insufficient to regulate Britain’s commercial system and global finance, then quotes a New York dispatch praising Mr. Biddle amid political strife, noting high foreign investment and a 13 percent home premium, urging government to concede after a seven year struggle with the “monster.”
The Steubenville veteran democrat Judge Tappan has been nominated by Jefferson county Democrats for the State Senate. If elected he would join the Anti Bank party in the Legislature and challenge the Whig party’s banking criticisms with strong talents, per Marietta Dem.
Coflee 6) Ff) Paes Rio Coffee for sale by the bag at twelve and a half cents per pound by July 25. WM. DOUGHERTY & Co. NOR SALE. Two yoke of oxen and one pair of timber wheels will be sold together or separately. June 21. WM. CABLE. 20 Boxes superior Philo Candies assorted for sale by Hening & Beatt Nov 15 1856. 500 bushels Dry Apples of good quality for sale by Hening & Beatty.
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