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Newspaper
American Union
Location
Morgantown, West Virginia, United States of America
Date
Jan 07, 1843
Page
3
A 1845 note expresses gratitude to Hon. William Allen Gen. Swickley John Brough Reg Mesers C J McNulty and James Mitchell for public documents and to Senator Tappan for favors received in a January 7 notice.
A large Cincinnati gathering of Democratic citizens discussed equal rights, free trade, and paper currency. Mr W M Corey opposed chartered banks, sparking an uproar before his amendment passed, and later reapproved after speeches by Dr Alex Duncan and Charles H Brough.
The passage critiques bankers and their influence, arguing that incorporated banks drive currency expansion, induce speculative debt, and profit from cycles of boom and bust. It claims lenders pressure borrowers, debtors fight to erase debts, and privileged bankers oppose reform while leveraging their position to preserve privileges.
A historical critique warns that banks and their allies control society through paper money and privileged status. The piece laments bankers' influence, calls for equal rights and laws, and urges citizens to sacrifice present ease for future freedoms. It cites Cincinnati demonstrations as evidence of banker ambition and urges resolute action to preserve free institutions.
The Canal Company chartered by the government of New Grenada starts excavating a forty nine mile canal across Panama. Twelve and a half miles require digging while rivers Chagres and Grande provide most navigation. Water for ships of 14,000 tons will be available. Project expected to finish in five years.
The Ohio banks with expired charters last Saturday face renewed efforts to recharter or create new banks. The writer argues against rechartering, noting little business recently, suggesting funds should be distributed to stockholders, and urging wait until defunct banks settle debts and capital is divided before issuing new charters. The piece questions the necessity of new banks for paper currency prosperity.
The author urges calm deliberation on banking, warning against imaginary wants that may lead to ruin and anarchy. He contrasts present fears with reason, noting derangement in money matters and business prostration, and calls for preserving liberties and transmitting a free government to posterity.
A scathing critique argues the Ohio General Assembly prioritizes banking interests over the public. It condemns extended bank charters, depreciated currency, and costly sessions, accusing lawmakers of sacrificing debtors and laborers to favor bankers and rag money system. The piece laments neglect of public works and state honor as creditors loom and bankers profit.
The ready summons proves the legislature's obedience to one will and quick action to extend privileges. The people wonder about the Congressional District law and other major laws, but all legislative focus is absorbed by special legislation for bankers.
The Abolition State Convention met in Columbus on Wednesday December 20. Mr Parish of Erie county was named President. S P Chase reported an address and resolutions that were adopted.
The Ohio House debated charter renewals for banks and a long banking regulation bill by Dr Olds of Pickaway. A resolution by Mr McNalty to adjourn on the Mth passed the House 34 to 23, while the Senate would redraw districts if agreeing, affecting state governance.
The notice explains that the banks status remains active though the company’s authority to issue its own notes for circulation has ended. It distinguishes this power from genuine banking functions and currency operations, noting they are separate issued powers.
On our first page we publish a correspondence with Gen Cass regarding the Presidency. Mr Cass has been spoken of as a Democratic candidate, but we believe the time is not yet right to settle on our man. We prefer to let the men go as secondary considerations and continue to battle for democratic principles. The real opinions and positions of aspirants should be known, and when proper, the Democratic National Convention will select a good and staunch democrat.
An 1842 obituary notes the deaths by age and decline of many Ohio banks including Farmers and Mechanics Bank of Steubenville Franklin Bank of Cincinnati Bank of Dayton Bank of Marietta Bank of Muskingum Bank of Zanesville Belmont Bank of St Clairsville Bank of Mt Pleasant Columbiana Bank of New Lisbon Franklin Bank of Columbus Western Reserve Bank Commercial Bank of Sciota and Ohio Life Insurance and Trust Company. The piece suggests corruption and mismanagement, praises some banks for stoking elections and trade, and predicts post mortem examinations while hoping for resuscitation.
Washington City December reports detail the exploring expedition under Capt Iillies now half written. Charts are in preparation and natural history discoveries are being described, drawn, and engraved. The great work is expected to be published early in 1844.
In a January 2 1842 public letter James Mitchell refutes a Steubenville Gazette charge that he opposed a bank charter bill. He says he voted for the bill with the amendment and questions capital withdrawals by the bank, the role of directors, and bond endorsements, urging constituents to judge his duty.
A letter writer denounces post office conduct in October to January 1843 and recounts a delayed letter received after nearly three months. He urges publishing monthly lists of letters to ensure fair treatment for poor patrons and their families affronted by public servants.
List of banks in Ohio, Pennsylvania and nearby states whose bank notes are accepted for tax payments. Includes numerous Ohio banks such as Bank of Dayton, Bank of Wooster, Franklin Bank, and Massillon Bank, plus Pennsylvania institutions like Bank of North America and Philadelphia Bank. Note states relief notes and shinplasters from Kentucky, Indiana, and Virginia are not accepted.
Fund Commissioners reports detailing state receipts 42125 51 from the surplus revenue act of 1837 and the investment in Farmers and Mechanics Bank of Steubenville, including stock changes, interest, and refunds to the state. Expenses listed for commissioners and clerks, plus balance notes and school fund allocation. Also a sheriff sale notice for Nicholas Hutchins property in Steubenville.
In the south in st 62 Domingo, Mr. Mrcowatac Miss Renecca Jounston. The fragmentary report notes a marriage between Marrie d One Mcdennel Esqr and Miss Catharine with further names likely misread in the same brief notice including Domingo and Miss Renecca Jounston.
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