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Newspaper
American Union
Location
Morgantown, West Virginia, United States of America
Date
Jun 14, 1837
Page
2
The extract cites Cobbett’s view on a Manchester joint stock banking venture. He condemns it as usury and robbery, arguing it makes the rich richer and the poor poorer, enables false loans and predatory practices, and would eventually collapse, forcing wrongdoers to disgorge. Registered Sept 22, 1832.
The piece attacks Whigs for aiding specie transport to England while U S currency faces strain. It argues for a pure metallic currency, criticizes the paper system, and urges minting more specie at home. It cites New York Herald warnings to Wall Street papers and condemns fiat notes as highway robbery.
The New York Evening Post critiques shifting party lines and economic theories amid debates on overtrading, the specie circular, and the effects of bank policies. It argues that both parties share blame for monetary folly, while mocking whig arguments and highlighting the unpredictability of political stances.
The Ohio Eagle reports that Marietta Xenia Granville Alexandrian Society and the old Bank of Wheeling still redeem notes with gold and silver and will continue to do so. It questions the United States Bank advocates and notes Nicholas regulator has long stopped payment and rotted at the core. Canton Dem.
The Exchange Elotel in New Orleans is completed as the largest in the world with a 228 by 196 foot footprint, six stories, a 113 foot dome tower, 350 rooms, a 13 foot dining hall and a marble Washington statue. Estimated total cost is $580000 for the hotel and $120000 for furniture.
A polemical piece argues traders and bankers shift blame for economic distress to Government measures and the Specie Circular. It outlines Whig aims, calls patriotism into question, and links banking actions to public hardship, urging readers to see through electioneering rhetoric and protect the Union.
An editorial argues for resuming specie payments and enforcing laws against small denomination notes. It urges state executives to enforce laws prohibiting circulation of notes under five dollars, calling for silver participation to restore metallic currency city by city and state by state. The piece stresses public duty and gradual reform.
The Philadelphia Gazette warns readers that local shin plasters carry a 3 percent premium in New York yet are hardly worth three cents on the dollar. The letter notes banks refuse them and traders accept them reluctantly, referencing Mr. Biddle’s notes as poorly received. M. Y. Star.
In these pressing times it would be well for men of business to remember the advice of Solomon Say not unto thy neighbour the printer go and come again and tomorrow will give when thou hast it by thee.
The Constellation newspaper of Petersburgh Virginia laments that the entire governmental machinery is deranged or nearly stopped due to the suspension of specie payments by banking institutions. It questions whether the nation will accept this and suggests separating government from both state and national banks, warning that the Republic’s fate seems controlled by a handful of moneyed monopolies.
The Providence Republican Herald ridicules Whig press moralizing on mobs and bank debts. It mocks peaceful assemblies as cover for forceful resistance, noting regiments paraded in New York and fears of mob violence in Philadelphia and New York. The piece defends none, lampooning the stance as gentlemanly mob rule to avoid debt payment.
A New York association named the Authors' Club aims to encourage native talent and support a weekly literary periodical titled Book of the Authors' Club. Members pledge cooperation with an executive committee, writing for the publication, and no pecuniary liability. Officers for the year include President More Cooper and Rev Schroeder as vice president. Publishing committee features Grenville Mellon, Rufus Dawes, and Calvin Colton.
A bill passed both houses to form the Mississippi City Company to establish a town on the gulf south coast between ranges 10 and 11 west. The site, accessible to seven foot water vessels, could become a commercial hub. The piece recalls a British fleet near the site during the New Orleans invasion and criticizes a national bank agenda while praising public resistance to bank charters.
A Havre London and Liverpool packet note reports large specie outflow, possibly rivaling half a million dollars. The Intelligencer discusses Mr Biddle's policy and asks whether Americans should sustain a paper currency or a valueless medium controlled by few bank directors, warning of breach of faith and foreign liabilities.
A Mississippi census announces official returns from all but three counties. The state population excluding De Soto Monroe and Tunica totals 302,207 with 140,142 free whites and 162,065 slaves. Free white males total 75,299 with 39,188 under 21. Full age males 13 35,811. Land cultivated equals 1,027,045 acres. Cotton output 315,194 bales. Adams County led with 34,964 bales. Madison 0,873. Wilkinson 30,579. Hinds 26,426. Claiborne 25,183. Warren 25,152.
The Mechanic brings news from Matamoras that American ships and crews held there have been freed by order of General Bustamante. The Mexican fleet commander was arrested at Vera Cruz for capturing them. Santa Anna remains at his Vera Cruz plantation, with reports of his move to Mexico City untrue.
A Norfolk merchant received a New Orleans letter dated May 19 stating Mexico had declared war on the United States. The note suggests the President may have convened Congress by proclamation in response to such a development.
A strange note from Manhattan Adv reports a man who fled this week yet had previously paid the printer. The oddly documented episode plays on comic paradoxes and Genesis references, highlighting a curious urban curiosity.
The Miners Journal quotes a sentiment that the world is governed too much and applies the view to the current era. It notes banks and paper as influential forces shaping governance and public thought.
The Philadelphia Corporation notes were counterfeited so quickly that the initial issue had to be recalled and destroyed immediately, prompting swift action to stop further circulation and penalties for the counterfeiters.
The New Bedford Gazette notes growing belief that the Bank of Earth represents sound financial trust and the Plough Share may provide strong returns. The piece frames both as favorable options amid broad public sentiment and economic optimism.
A fragmentary remark questions why someone would whip a man upstairs as an honorable act, suggesting the deed is above performing mean actions.
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