Public Money Management Provisions and Treasury Powers
The text outlines Treasury controls for public money custody including depositories in Philadelphia New Orleans and other locations. It sets duties for records preservation penalties for embezzlement and details securities investments excess balances and schedule of currency conversions by year with staged reductions through 1843 and 1844. It also covers office construction locations salaries for Receivers General and regulations for drafts and payments in gold and silver or government notes.
MENTIONED IN THIS ARTICLE
Philadelphia
New Orleans
Secretary of the ‘Treasury
United States
Secretary of the Treasury
Treasury
New York
Boston
Charleston
St. Louis
Congress
General Post Office Department
General Post Office
South Carolina
Missouri
Democratic view on credit and specie payments in 19th century banking
The Monmouth New Jersey Democrat argues against exclusive metallic currency. It says the Democrats favor credit but deem the credit system overextended. Banks issue excessive paper money and should be restrained by requiring security for note redemption and banning small bills to force gold and silver withdrawals. The piece cites a surplus of specie and claims the US Bank seeks to burden the public for a new charter, while shin-plaster Whigs seek power amid national ruin.
MENTIONED IN THIS ARTICLE
Democratic Party
Benton
United States Bank
Monmouth
N. J
Unemployment in Paisley Surpasses One Third of Population
The Rev George B Cheever reports Paisley near Glasgow has 14581 unemployed, with dependents swelling to at least 20000 or more than one third of all residents. Some 10000 rely on exhausted charitable funds while Glasgow faced similar distress after daily soup distributions.
MENTIONED IN THIS ARTICLE
George B. Cheever
New York Observer
Paisley
Glasgow
Cheever
Baltimore American
Banks and small notes under specie payments warning
N. V. Bee of the Post warns that Whigs oppose allowing banks to issue small notes until specie payments resume. He argues such a privilege would enable banks to flood circulation and delay return to specie payments, citing Boston Banks as a cautionary example of danger and loss.
MENTIONED IN THIS ARTICLE
Boston
N.V. Bee. Post
Contested Mississippi Election Up for Debate in House
Correspondent reports on the House proceedings as Mercer’s resolution to curb personal quarrels is tabled by a large margin. The Mississippi contested election dominates the day, with Prentiss presenting a sweeping case that, despite decorum, he has no rightful seat. Senate debate follows on Bank of the Commonwealth of Boston funds and the US Government’s losses from the Bank of the United States dispute.
MENTIONED IN THIS ARTICLE
Mercer
Wise
Gholson
Mississippi
Prentiss
Senate
Webster
Secretary of the ‘Treasury
Bank of the Commonwealth of Boston
Niles
Connecticut
Bank of the United States
Ohio Legislature Sifts Local Bills and Divorces in Forenoon
In the Ohio House the forenoon focused on local business and incorporations, with a notable divorce bill passing as a strong case for legislative interposition. A criminal duties bill allowed magistrates to sentence in petit larceny cases under thirty five dollars with discretion to bind over. The Orphan's Institute faced scrutiny over banking privileges. A school fund extension debate for German language instruction provoked lively arguments. The Newark Atheneum bill arrived with repeal clause removed, and the afternoon elected judges including a President Judge for the 2d circuit and associates for Allen Vanwert Cuya hoga Washington Wood Lucas and Clark counties.
MENTIONED IN THIS ARTICLE
Orphan's Institute
Gov. Vance
Urbana
Col. Roller
Columbiana
Messrs
Roller
Trevit
Medill
Chambers
Ford
Johnston
Carroll
Vanhook
Newark Atheneum
Senate
House
2D Circuit
Allen, Vanwert
Cuyahoga
Washington
Wood, Lucas
Clark
Feds
Wayne
Perry
Senate Work and Sub Treasury Debate in Wasutheron
On January 18, 1838 the Senate debated recons idering the new Sub Treasury bill with Calhoun and Crittenden clashing yet amicably settling. The Whigs and Rives faction oppose strongly while Calhoun supports and Preston prep arations hint at party divisions. In the House, Mississippi election seats dispute continues as Prentiss moves to secure Claiborne and Gholson seats and Ward stays silent amid illness restraining Claiborne.
MENTIONED IN THIS ARTICLE
Wasutheron
Senate
Treasury
Calhoun
Crittenden
Mr. Crittenden
Rives
Preston
Mississippi
Prentiss
Messrs
Claiborne
Gholson
Ward
Illess
E. J
Salaries of State Agents Outpace Government Expenses
The New Hampshire Patriot notes that salaries for factory agents in Nashua Dover Somersworth and other towns exceed total state government expenses. It adds that navy yard officers in Portsmouth who back a United States Bank earn more than all state officers, and three mail contractors near this town receive more than Merrimack county’s entire state payroll.
MENTIONED IN THIS ARTICLE
Nashua
Dover
Somersworth
Anorur
Navy Yard
Portsmouth
United States Bank
Anoruen
Post Office Department
Merrimack
New Hampshire Patriot
Worrie Women Capture by Comanches on Texas Border
The Santa Fe trader released two American women Harrie and Planmer who were abducted with their husbands while migrating from New York to Texas in spring 1835. On the border, Comanche attackers killed the husbands, took wives and children prisoner, burned wagons, and subjected the captives to cruelty. One child reportedly died from mistreatment, another was executed after birth, and a third remains in peril.
MENTIONED IN THIS ARTICLE
Worrie
Missouri
Santa Fe Tredera
Santa Fe
Harrie
Planmer
New York
Abolition petitions provoke heated Senate debate
The Senate endured a protracted forenoon session as petitions from abolition supporters of varied race and age sparked intense discussion. Senators from Trumbull and Ashtabula led a heated exchange over petitioners rights and amalgamation. No major business was transacted that day.
MENTIONED IN THIS ARTICLE
Senate
Trumbull
Ashtabula
Petion
Walhending Canal Bill Passes In Senate Session
Senate approves the extension of the Walhending Canal after a morning vote. Afternoon debate centers on the Miami County Mutual Insurance Company loan powers and the legal interest rate, despite attempts to curb implied banking authority. A long preamble on public lands and federal policy is introduced, and a religious societies bill moves to the table after committee.
MENTIONED IN THIS ARTICLE
Senate
Walhending Canal
Miami County Mutual Insurance Company
Messrs
Charrypaign
Buchanan
Carroll
Chillicothe
Abolitionism in Senate Report on Texas Annexation Debate
The morning session saw focus on repealing the 1894 law limiting federal offices in the state. A debated abolitionist report on Texas annexation was tabled amid sharp attacks on its accuracy. Afternoon work covered the Vernon River canal extension and banking measures involving Miami Exporting Company and Granville Library.
MENTIONED IN THIS ARTICLE
Senate
Peaneylvate Hemk
United States
Achtabula
Abolition Corps
Walhonding
Vernon River
Mount Vernon
Miami Exporting Company
Granville Library Company
Jefferson
Federal Party
Ohio
Releif
Board of Canal Commissioners
Indian clash at Kissimmee rages. heavy losses among troops
From Florida details of a December 25 engagement near Kissimmee along the Everglades edge. U S forces under Col Taylor and Gen Gentry, with Missouri volunteers, faced fierce Indian resistance. One company largely wiped out. 8 officers and about 140 enlisted killed or wounded. Indians left few dead. sixty ponies captured. ambush scenes described. Also reports Gen Nelson’s Georgia Brigade engagement on December 26 near Suwannee, horse shot, 4 Indians killed, and prisoners arriving at Tampa Bay. Pennsylvania's convention moves to restrict corporate charters, six months notice and 20 year maximum, with legislative power to alter charters.
MENTIONED IN THIS ARTICLE
U.S
Kissimee
Everglades
Tampa Bay
Taylor
Col. Foster
Thompson
Missouri Volunteers
Gentry
6Th Infantry
Abraham
Nelson
Georgia Brigade
Georgia Volunteers
Suwannee River
Pinto Rapa
Fort Pike
Tallahassee
King and
Clinch
Commonwealth
Debated Bank Debacle Sparks Constitutional Clash
The piece rails against the Commonwealth Bank and eight hundred banks for failing to redeem paper with specie, cites Biddle and Simpson, argues a United States Bank would concentrate revenues and corrupt policy, and accuses administration foes of bank control and mismanagement amid a broader currency crisis.
The Boston Banks in Financial Turmoil
The Commonwealth Bank failed to meet debts in current bank bills causing citywide agitation. Directors of Associated Banks debated rescue efforts, a legislative committee was formed to investigate, and banks began limiting acceptances to their own notes. October figures show 340,694 in bills circulation against liabilities of 1,475,638 with 54,132 in specie. A 3 percent October dividend of 15,000 had been paid to stockholders.
MENTIONED IN THIS ARTICLE
Boston Courier
Commmonwealth Bank
Commonwealth Bank
Associated Banks
House of Representatives
Senate
Legislature Rejects Abolition Society Capitol Use
The Pennsylvania Legislature refused the Abolition Society permission to use the Capitol building, citing official space allocation and schedule constraints. The move limits the society’s planned meetings and public events on the state seat.
MENTIONED IN THIS ARTICLE
Pennsylvania
Abolition Society
Capitol
British and American forces clash over Barcelonia area
Dispatches from 1898 describe evacuations on Navy Island near Grand Island and movements by Van Renselaer’s men. British schooners with flags were sighted near Waterloo and Water loo, while Governor Marcy and General Scott moved toward Black Rock with artillery. Navy Island reports 37 men grew to 510 before disbanding as cannon fire echoed from the river.
MENTIONED IN THIS ARTICLE
Momere
Sclosser
Navy
Leland
United States
Schloswer
van Renselaer
Grand Island
Canada
Navy Island
Waterloo
Black Rock
Black Creek
Chippewa
Marcy
Scott
Falls
Wool
Barcelona
Barcelonia
The
Journal of Commerce
Buffalo
Mexican force feint near San Antonio threatens Texian coast
Postscript from Columbia dated December 27 1837 reports rumors of 1500 Mexican troops attacking Col Cares near San Antonio. Outcome unknown. Texian army under his command may be drawn west to facilitate a coastal landing by the enemy.
MENTIONED IN THIS ARTICLE
New Orleans Picayune
Corine
Brassos River
Columbia
Treasury notes five percent issue for claims begins
The Globe reports the President has authorized a five percent note issue to pay claims, aiming to reach par immediately. Lower rate notes await maturation, their duties and land payments postponed under the special session act will begin expiring in two to three weeks, according to sources.
MENTIONED IN THIS ARTICLE
Treasury
Philadelphia Bank Debt and Exchange Pressure Discussed
A Philadelphia Commercial Herald report claims local Philadelphia banks owe New York $1.5 million while the U S Bank owes the local banks more than twice that, explaining high exchanges. The piece questions safe resumption of specie payments and notes the Herald’s bank-focused stance.
MENTIONED IN THIS ARTICLE
Philadelphia
Philadelphia Commercial Herald
New York
United States Bank
Biddle
Commercial Herald
F. Jour. Com
Whigs in Canada and America Follow Different Mottos
A Manhattan Advertiser remark contrasts Canadian Whigs who support the fight for right with American Whigs accused of favoring might makes right. The piece notes the Prescott fort firing a hundred guns in salute to New York triumphs as a jab at supposed Whig unity and Americanism.
MENTIONED IN THIS ARTICLE
Jefferson
Manhattan Advertiser
Also Mentioned on This Page
Washington and
Third Streets
John Orr
Jos Prints
Tuten
Baltimore Republican
Ohio Statesman
Florida
Tvs Baten
Boston Atlas
Globe
Mr. Simpson
Mr. Biddle
Mills
Bank
Simpson
Boston Advocate
Evening Post
Boston Banks
Texas
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