Bank credits and joint stock banks stir US debate
In Steubenville on October 19, 1835, Mr Beenanan of Pennsylvania argues in the Senate against broad bank expansions. He details English joint stock banks, their credit expansions, and the impact on prices and trade, warning that credit money and transfers by checks fuel speculation, while noting American bank confidence and specie issues.
MENTIONED IN THIS ARTICLE
Beenanan
Pennsylvania
Senate
United States
Europe
Union
London
Edinburgh Review
England
Wales
Treasury
New York
Bank of America
Janary
Mr. B
Van Buren’s Finance Message Praised as New Experiment
A political appraisal lauds Mr. Van Buren for framing a decisive federal policy on currency and banking. It argues his message elevates the nation’s governance toward limited federal power, supports state rights, and could steer parties for years. The piece urges publication of the speech in pamphlet form to inform the public.
MENTIONED IN THIS ARTICLE
van Buren
Jackson
Massachusetts
Mr Buchanan Speech Assailed as Strong Republican Defense
The Baltimore Merchant and Globe praise Mr Buchanan’s Senate address on the Divorce Bill, calling it a masterful, temperate, and lucid defense of Republican principles. They commend his stance for strict constitutional construction, fiscal caution, and curbing executive patronage, urging unity behind such strong oratory.
MENTIONED IN THIS ARTICLE
Baltimore
Globe
Congress
Commonwealth
Pennsylvania
New Russian Method Promises Silver Ore Boom
The discovery in Russia of extracting precious metals from ore by fire rather than washing has attracted attention from mines in Mexico and South America. With silver prices rising from 1s 10d to 3s 6d per pound, large amounts of inferior ore now become productive, and authorities in Russia have tasked scientists to investigate the method.
MENTIONED IN THIS ARTICLE
Russia
Mexico
South America
England
Intoxicating powers of wines and spirits discussed
Professor Beck of New York reports experiments on wines for temperance groups. He cites Brande and presents a table of relative intoxicating powers, noting that aging enhances stability and that alcohol content governs brain effects. Brandy set as standard. Madeira and Port vary in strength. American wine and beer show lower influence.
MENTIONED IN THIS ARTICLE
Beck
New York
Brande
Torres Vedras
Currency for the people
Louis Ad asks whether bank resumed paper money would be as good as specie and convertible, risking a rag currency for the people versus a sound government issue. He urges bold answers from rogues.
MENTIONED IN THIS ARTICLE
Louis. Ad
Conflict Over Public Policy Splits Senate and House
The piece argues the House has shifted to oppose Senate backed measures, aiming to agitate rather than legislate. It centers on the Treasury Note bill, framing it as a tool to free credit, relieve creditors, and calm markets, while opponents seek to derail it to keep banks tied to politics. It asserts separation of banks from government as the key to peace and political stability.
MENTIONED IN THIS ARTICLE
Senate
House of Representatives
House
Treasury
Congress
Maine
Georgia
Mississippi
Gulf
Lake of the Woods
Globe
Honest Confession on State Banks and National Bank Scheme
The Lynchburg Virginian rebukes federal allies who back the union of the State bank system with the Treasury. It argues the State banks will fail again, urging conservatives to unite for a national bank as the only viable solution, while praising the President's recommended measure.
MENTIONED IN THIS ARTICLE
Congress
Treasury
Lynchburgh Virginian
Washington
The
Virginian
Lieutenant Sibley Shot By Accidental Discharge Near Camp
The Army and Navy Chronicle reports Lieutenant Sibley, Chicago disbursing officer, was shot by an accidental pistol discharge near Shaba-nay's Grove, Illinois. The ball entered below the left lip, destroyed part of his teeth, and may remain in the jaw bone. He was deemed out of danger on the 5th ult.
MENTIONED IN THIS ARTICLE
Army and Navy
Sibley
Chicago
Shaba-nay’s Grove
Illinois
Whig toast read at federal celebration from Longfellow
A letter from Hon. Stephen Longfellow invited to attend was read. Longfellow, a Hartford Convention member, sent the toast praising the whig cause as founded in truth sustained by reason and inspired by patriotism, hoping it may triumph.
MENTIONED IN THIS ARTICLE
Stephen Longfellow
Longfellow
Hartford
Whig Cause
Eastern Argus
Benton Speech on Treasury Notes and Public Debt Risk
In a Senate speech dated September 18 1837 Mr Benton analyzes Treasury notes arguing they fall into the investment class rather than currency. He cites 1812 and 1815 note distinctions, asserts the bill finances loans, not a new debt, and predicts swift gold and silver borrowing if rates are fair, urging restraint on public money manipulation.
MENTIONED IN THIS ARTICLE
Benton
Treasury
Secretary of the Treasury
House of Representatives
Banks of Maine state of banks September first
The Eastern Argus publishes an abstract of Maine banks on the first Saturday in September. There are 55 banks with capital stock $5,157,250. Bills in circulation $31,360,785. Deposits not on interest $820,569. on interest $371,776. Total due from banks $8,209,711. Gold and coins $25,194. Banks’ bills in state $124,485. bills elsewhere $31,081. Balances due from other banks $599,894. Other debts due to banks $7,065,950. Real estate $137,604. Last dividend $167,614. Debts considered doubtful $27,752. Five-dollar bills $29,199.
MENTIONED IN THIS ARTICLE
Banks of
Maine
Eastern Argus
Extra Congress session adjourned on Monday
The extra session of Congress adjourned Monday after completing its limited agenda. Lawmakers wrapped up work on emergency measures and procedural business, signaling a pause in legislative activity until a new session begins.
MENTIONED IN THIS ARTICLE
Congress
Also Mentioned on This Page
She Ancevican Witton
Steubenville
Metropolia
Africa
Manchester
Liverpool
Poulett Thompson
House of Commons
Tallmadge
Philadelphia
MR. Buchanan
Jefferson County
Ohio
Pros. Autotreasurer Ornesioner
Island Creek
Knox
Saline
Brush Creek
Ross
Springfield
Salem
Wayne
Smith Field
Mt. Pleheasant
Warren
Wells
Thomas IE. Benton
Missouri
Senate of the United States
Cheves
Boston
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