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Newspaper
American Union
Location
Morgantown, West Virginia, United States of America
Date
Dec 31, 1842
Page
3
The American Union of Steubenville notes that the carrier’s New Year’s address will appear in today’s issue rather than the usual form because of the new year’s starting on Sunday. He has reported weekly news for over two years and urges readers to donate a small amount to his next round, despite weather.
A Steubenville Union leans Democratic on bank reform and individual responsibility, arguing against chartered banks while urging unity with the St Clairsville Gazette. The piece contends that chartered institutions undermine personal accountability, citing directors who act collectively and often defraud creditors. It urges careful examination of banking principles and warns against the corrupting influence of charters while defending the core Democratic stance.
The Legislature of New Hampshire passes resolutions with great unanimity opposing the franking privilege and urging a reduction in postage costs.
The Democrative association of Cincinnati urges Ohio to require all state revenues and debt payments be in gold and silver coin, arguing the constitution demands real money. It condemns bank notes as valueless and says legislative action is needed to restore faith and ensure legal tender is gold and silver. The notice calls on Ohioans to scrutinize the issue despite “hard money” and “bank destruction” cries.
William Hagewood a Democrat has been elected United States Senator from North Carolina replacing Whig incumbent Graham whose term expires on the 41st of March next.
The Governor reports Illinois debt at 13 836 379 63 with annual interest 352 182 77. He calls the state bankrupt yet urges using public property to satisfy creditors. Once a state bank, Illinois now swamped in debt with no currency, critiquing paper money banking and warning Ohio may face a similar fate under the same system.
Sidney Breese a Democrat was elected to the United States Senate by the Illinois Legislature on the 17th instant on the first ballot to replace James Young whose term ends on March 4 next.
Amos Kendall, late Post Master General, confined within the jail limits of the District of Columbia for refusing to pay costs of Stockton and Siekes incurred in an action against the Post Office Department for extra mail carriage allowances. Costs exceed 311,000, a troubling precedent that could deter public officers from duty.
A fragment notes distress over a bank F and M Bank dividing funds among county stockholders. It also recalls Miller predicting the world’s end on January 1, 1845, reflecting era superstition and financial worry.
The notice warns farmers and workers that the FP and M Bank charter will lapse at midnight and banks statewide may not be renewed, threatening loss of personal and real property. It suggests widespread ruin and urges caution as residents fear sudden confiscation.
Fragmentary OCR notes warn readers that paper money factories and the world face catastrophe next summer, citing a Reverend Miller who proclaims the world shall be burned. The text reflects alarmist rhetoric about financial and apocalyptic doom with no clear events, dates, or sources beyond the preacher.
At a meeting of the Stockholders of this institution John Andrews James Means James Wilson Jeremiah H Hallock and John Hogg were appointed trustees to wind up and finally close the affairs of this Bank whose charter expires tonight. Twenty five percent or such amount as directors deem proper is to be immediately paid and the balance from time to time as may be collected.
A fiery warning declares that the Whigs may be false prophets and a looming monster named Hard Times will strike as multiple bank charters in Steubenville and across the state expire without renewal. The texture suggests a populist or partisan admonition about economic distress and financial institutions nearing renewal deadlines.
A debate on bank notes destroyed and not redeemed shows claims that the loss is borne by the people while the bank asserts a gain for the public. The text argues the people suffer rather than benefit, challenging bankology notions.
A state treasurer's report reveals 27,928,300 depreciated notes in the treasury. Citizens object to taxes paid with bankers notes, arguing the state would collect more money than with constitutional money. The piece condemns banknote reliance and labeled notes as rag money.
The British army wins key battles in India and China and a peace treaty with China is reported as highly honorable to Britain. Insurrectionary moves flare in Barcelona while English papers publish official and unofficial details of Asian campaigns and the release of Afghan female prisoners.
From Indianapolis December 19 1842 Nathan P Palmer the bank inspector reports a total deficiency of 52442701 across State Bank of Indiana and branches with detailed shortfalls at Indianapolis Lawrenceburg Richmond Madison New Albany Evanville Vincennes Bedford Terre Haute Lafayette Fort Wayne South Bend Michigan City. The letter questions whether Ohio would imitate such a banking system and remarks the bank is fallen to the core full of pollution.
A reflective verse piece laments political decay and banking fraud, praising freedom and Republican ideals. It denounces bankers and perjur'd knaves, mocks Tory and Whig factions, and envisions a renewal of liberty. The speaker invokes Henry Clay and urges civic vigilance amid national distress.
A dated verse requests kindness from readers to pay for weekly news amid storms and hard times. The speaker thanks patrons, jokes of rhymes for cash, and wishes the recipient success in democracy as he parts. The piece ends with farewell and a toast to pure democracy.
The Illinois House passed a resolution 77 to 39 urging a return to constitutional currency backed by gold and silver, winding up banks and expelling bank paper. It cites Michigan and cites distress from credit paper, predicting prosperity only with specie money and bank closure. The New Haven Register reports Connecticut township elections: Democrats win 71 towns electing 11 representatives, Whigs 56 towns electing 83 representatives, 12 towns divided. The paper notes Democrats may carry a majority overall.
Summary of 1841 reports: missionary schools total 385 with 18 034 scholars. printing dept. issued 50 books from 10 583 950 pages. News from Athens Pennsylvania snow collapse site. New Hampshire legislature condemns proceeds distribution as unconstitutional and refuses part of proceeds. Illinois legislature resolves to use only gold and silver currency for taxes and curbs aid to suspended banks. Canada snow depths. Nova Scotia drifts. Illinois pork prices 1.50 to 1.75 per hundred. New Orleans specie imports three million dollars in three months before November. Missouri legislature backs Linn for U.S. Senator with 119 of 129 votes. New Orleans mint expected to coin one million dollars this year. Habersham dies in Georgia. Arkansas legislature votes to urge refund of Jackson’s 1818 fine and interest.
An 1842 advertisement urges immediate use of Dr Duncan's Expectorant Remedy for troublesome coughs and throat soreness to prevent early consumption. It claims consistent relief in a few days and promotes sales at 19 North Eighth St Philadelphia and Price & Jas Turnbull. It lists various bank notes and stock, with a court notice about Wesley Pastors vs Reuben B Cartley in Jefferson County Ohio.
The Virginia Legislature on the sixteenth list elected James McDowell governor. On motion of O Metcalf, Esq., Lee hy Harper was admitted yesterday to practice as attorney in the District Court of Allegheny County, Pennsylvania, past.
Fragmentary notice notes James He Ham elected in South Carolina amid terms of indemnity from Americans after the Canton attack. Mentions United States government seeking 10 000 and a present of 82 000 in teas, wan indemnity. claims by the government far exceeds 7 800.
Secretary of the Navy issues an order through Engineer in Chief G. J. Thompson for the construction of a vertical paddle wheel invented by A. Ralston Chase of Cincinnati. Wells & Miller to perform the work in Baltimore under the inventor's supervision.
The Sheriff of New York suspects about one hundred admission tickets at twenty dollars each were sold to witness John C. Cols execution. Georgia direct taxation yields 220000 dollars. Tax on slaves is 31 cents, on free negroes 4 dollars. First quality land taxed 1 cent 21-7 mills per acre, second quality 71-17 mills per acre.
The Galena Gazette reports that the lead mines around Galena have yielded a product valued at almost one million dollars this year, reflecting strong mining activity and high ore prices in the region.
The Members of the Female Missionary Society of the First Presbyterian Church express gratitude to friends who aided in preparations for their late sale and to the public for generous patronage.
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