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Newspaper
American Union
Location
Morgantown, West Virginia, United States of America
Date
Jun 07, 1837
Page
3
The Democratic Republican citizens of Steubenville township friendly to the present administration measures are to meet at James Dillon’s house on Saturday June 19 at 7 PM to select five delegates for the County Convention to be held in Bloomfield on Saturday June 24. Punctual attendance solicited. June 7, 1837.
Citizens of Steubenville and nearby are invited to meet at the Court House on Saturday at 3 PM to consider the Steubenville Cadiz and Cambridge Turnpike Road Company's plan to issue counterfeit bills from six and four tenths cents to one dollar and decide whether they will tolerate being defrauded. A number of citizens. Steubenville, June 5, 1837.
Growing weather has improved crops and the Ohio River remains navigable for steam boats. Correspondents must add names with their submissions. The ship Independence carrying Mr Da as sails recently. Wellsburg market notes poor cattle supply and butcher complaints. Ward & Co of New York resumed payments on the 20th, with more firms to follow. Duff Green starts a Baltimore paper titled The Merchant.
A twelve year old boy, son of Mr. Connelly, was knocked down as a Canton stage turned the corner at 4th and Adams. A wheel passed over his skull but recovery is hoped. Another boy in the party was hurt and horses knocked him down. The report also notes a Chicago mayoral victory by W B Ogden and critical opinion of Nicholas Biddle in a Boston paper.
A Cincinnati or Ohio newspaper excerpt defends John A. Bryan Esq against slander, recounting a $1000 presidential bet with Col Gardiner, the check passed to Bryan, and a widow’s receipt after Gardiner’s death. It also notes S. R. Jones fled Massillon Gazette debts and is reportedly in Texas amid rumors of a deceptive reputation.
In Harrisburg the Reform Convention debates a new section to bar banking charters from issuing paper money and to forbid payment of debts with anything but gold or silver. It also proposes elective five year terms for justices of the peace and governor removal for misbehavior, while a Whig critique accuses banks and speculators of pressuring the government and calls Washington to curb specie exports.
The piece argues the people versus monied interests in a struggle over currency and government power. It claims bank monopolists hold public funds, refuse refunds, and push policies favoring England and stockjobbers, challenging Whig supporters and stressing the need to restore specie payments.
The Liverpool packet left the city today with a large amount of specie, likely to anchor offshore until conditions improve. Brokers pay premiums to obtain specie, with about $3 to $4 million exported since last winter and projections of $5 million more next month. The Morning Herald cites nearly $800,000 shipped on recent packets, while the Wall Street trade sees rising premium incentives. A New York assembly paragraph condemns anti republican tendencies and urges unity among Republicans to defend the republic.
An extract from the National Labourer notes the ship Monongahela leaving on the 20th for Liverpool carrying dray loads of specie. It argues bank suspensions fail to keep hard money at home and allows British interests to profit while American workers face depreciated notes and unemployment.
The nation debates monetary affairs as derangement in currency spurs discussion beyond party lines. Central journals shift from silence to outspoken independence, urging vigilance for the purity of republican institutions and urging active public engagement.
The piece argues that the banking system exploits the public by issuing excessive paper and underfunded notes. It urges reform to prohibit notes under one hundred dollars, require full coin-backed capital, and penalize charters that exceed coin proportions, warning that banks trading in stock notes undermine contracts and public trust.
From Vera Cruz letters dated May 12 report Mexico City tranquil. News arrives that the Mexican brig of war was captured by the Natchez and carried to Pensacola, a development causing little stir as Mexicans seek to restore amicable ties if American reprisals cease. A Greensburg meeting on May 23 promotes Pittsburgh to Laughlinstown railroad construction.
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