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This newspaper page contains 17 articles. Subscribers can read the full text of each article.
Newspaper
American Union
Location
Morgantown, West Virginia, United States of America
Date
Feb 26, 1842
Page
3
A State Legislature bill repeals the provision that admits attorneys only to those who are state citizens and must study two years before exam. The piece praises the move as simplifying law and limiting government intrusion, arguing laws should govern least and that judges, not lawmakers, should expound the law. It urges continued reform of antiquated imported statutes.
Debaters challenge the principle of individual liability within the general banking system, arguing the system favors collective responsibility. The text notes objections and attempts to distinguish two systems, suggesting confusion between personal and corporate risk.
The text contrasts two banking systems, condemning the Michigan wild cat banks built on land value. It argues land speculation inflated notes, causing collapse and harming creditors while bankers profited. It calls for equal laws applying to all citizens and rejects celebrating distinctions between bankers and others.
The Democratic Wave Reevent can Convention met in Columbus on the 22d lnst with Ex-Gov Vance as president. Governor Corwin and Alfred Kelly indicated acceptance of the nomination. The committee favored a protective tariff and the proceedings revealed political maneuvering and illness feigned for effect.
A damaged OCR fragment evokes a poetic ode to beauty and light with references to cloudless skies stars and a beloved form. The text is garbled with stray letters and missing words, hindering full reconstruction of the original lines and imagery.
Baltimore correspondents describe a February 15 1842 scene with a narrow election victory for a Democratic House candidate amid lower votes than prior, plus a bold robbery of $10000 in the principal street. Commentary questions bank ethics and liability, notes Henry Clay resignation, and reports policy on bank note redemption and cashing.
Petitions presented in the Ohio Legislature signed by 2410 citizens of Jefferson County request incorporation of individual liability in future bank charters. The vast local sentiment is noted as more than half of Jefferson County voters backing the measure.
The New York Evening Post compares runaway state debt to Frankenstein’s creature, warns of a self-empowering financial monster, and urges urgent reform. It cites two relief paths: immediate new borrowing or a thorough system overhaul, urging restraint and accountability.
A speech warns that continued delay will force the nation toward revolution, tracing a debt curse from Britain’s past and urging an immediate return to proper government functions. It calls for paying obligations, purging corrupt schemers, and restoring integrity, ending with a humorous aside about a sick man cured by horebound candy.
A historical analysis argues that before Jackson currency experiments, the U S ran deficits in specie totaling 3.588 million over ten years amid favorable trade. It claims Jacksonian policy raised registered imports and exports by about 57 million during seven years, with total gains near eighty million when including passenger and land trade, while criticizing bank suspensions and the Democratic administration.
The piece argues against paper money and in favor of specie, urging Maryland to restrict small-denomination notes by 1843 to 1846. It criticizes Whig and Democrat stances, praises Jackson, and supports banks that handle real money while opposing paper money mills. The author predicts specie circulation could reach 180 million and urges legislative action.
Readable OCR lists wholesale and retail prices for staple commodities including flour wheat corn corn meal potatoes oats apples salt beef pork lard butter eggs molasses honey wool hay walnuts and more. Prices shown per bushel pound gallon or dozen with varying quality notes. Descriptions indicate large commodity price sheet from a historical market report.
The document catalogs numerous banks with statuses such as failed, par, or 3, 12, 60, or 70 values, across states including Ohio and Indiana. It notes deposits declined, preparatory to winding up, and mentions specific banks like Bank of Cleveland, Bank of Circleville, Farmers & Mechanics' Bank, and Western Banking Co among others.
After the resumption bill, many banks either close, comply, or assign assets. Mt Pleasant Geauga and Western Reserve banks now pay specie. Urbana Marietta Canton Sandusky Portsmouth Chillicothe Granville Hamilton Lancaster banks have assigned effects. Lancaster pays 25 percent in specie and rest in redeemable notes. A March 1840 law blocks assignments to shield winding up. Cleveland Herald notes remaining banks are collecting debts and redeeming notes.
A 1842 letter from Louis A Walker urges opposition to licensing houses for spirits, pledging to vote against the measure or resign to allow a successor after the spring election. Dated February 28, 1842, it appeals to Fourth Ward freeholders for petitions and public support. A second note from James Melvin seeks marshal candidacy in Steubenville, pledging faithful duty if elected, dated February 26, 1841.
Public notices advertise rental of a two story brick house on Third Street and a corner storefront near the public square with April possession. Also advertised is Administrator John Wilson selling part of the northeast quarter of section 6, 6th township, in Wayne township, Jefferson County, about 44 acres, sale March 20 at 1 o clock AM.
An 1841 advertisement touts Wright's Indian Vegetable Pills as a universal remedy. It claims immediate relief from catching cold, asthma, liver issues, and many ailments by purging morbidi humors. The prose urges cleansing the body to restore health, cites testimonials from New York, and warns of counterfeit pills with cautions for buyers.
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