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Newspaper
American Union
Location
Morgantown, West Virginia, United States of America
Date
May 15, 1838
Page
3
A London Bankers circular asserts that financial influence, not population, shapes governance. It argues that large chartered banks wield immense power, shaping policy and society, with emphasis on the influence of prominent lenders over democratic numbers.
A long critique against Nicholas Biddle and the U S Bank of Pennsylvania accuses Biddle of political manipulation, withholding co operation to destabilize the economy while praising independent Whig and non bribe reliant papers like the New York Journal of Commerce and the Boston Courier. The piece notes supportive letters from the Boston Courier and New York Journal of Commerce and highlights related political commentary and maritime disaster items from the era.
The piece denounces Whig gains as temporary and urges readers to think independently. It rebuts charges that Democrats seek to destroy banks and replace currency with coin, labeling such claims libelous and demagogic. It attacks Webb and allies for hypocritical claims of morality and loyalty to federalism.
The Herald decries alleged bribery linked to Congress and Bank funds while endorsing legitimate Capitol expenditures for statues and art. It notes Mississippi election outcomes, a duelling report vote, and laments the Herald’s rabid chaplain critique, with freshwater weather notes and two drownings near Chillicothe as minor items.
The Washington papers report the death of Hon. Joan Lawler a Alabama congressman at his lodgings on Tuesday 8th inst. Congress adjourned and wore crape for thirty days. Other items include Muaine W D Parris elected from Oxford district to fill T J Carter’s vacancy and Joseph P Hoge named for the state senate. Banks’s Virginia victory noted. Indiana wheat crop expected abundant. Bank of Burlington Vermont to resume specie payments. Dr Morrison of Toronto tried for high treason and acquitted. Tennessee state bank branches to open May 15 and directors named. Nashville April 30 money at premium. Commentary on party organization urging thorough local committees. New Orleans American cites Tampico to Vera Cruz talks on French demand around 1.5 million dollars. U S cotton fabrics exports to China South America and Indian Archipelago around three million dollars yearly, with recent decline due to currency effects.
The piece argues that New York banks will push resumption, influencing Philadelphia banks to follow. It insists resumption brings abundance, not scarcity, citing ten million in imported money and credit growth. It warns banks that refuse to resume will be exposed, while urging harmonious action to end irredeemable paper money depressions.
The Cleveland Emerald reports a Lorain suspect aided officers by introducing them to a branch mint in Huron county. An order for 400 in base coin was filled, leading to a Norwalk raid that captured the principal and eight workers including a father and four sons. The incident follows a Wall Street seizure of around two million in coin bound for the Pennsylvania Bank of the United States.
The Richmond Enquirer reports Virginia election returns with Whigs likely holding a 12 seat edge in the House and Democrats leading 21 to 11 in the Senate. The piece notes Federal wings in the House, discusses currency as the day’s key issue, and predicts a looming Bank dispute with Biddle and Van Buren as central figures. The author pledges support for Martin Van Buren, arguing the real choice is Clay with a Bank versus Van Buren without one.
Two wedding notices appear in the county records. Sauran Jewerr wed Astuary E. H. Extror of Bos cawen New Hampshire on April 24th. James Boon rr married Arn Mansa Cox, both residents of this place, on May 7th.
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