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Bloomington Post (Newspaper) - June 15, 1838, Bloomington, Indiana
Wei Irot Borci a Naos most a a Toni. 3.bloonilvcltoiv, Jurve Iff is38. 10. Edited and published a veiny Friday by m. U Deal. Orris on main Cross Street Fiest door West or was. Higiro s. To firms. Two dollars in Advance two fifty in six Mouths and three at the end of the year. No paper will to discontinued until All arrearage arc i Aid up. Of Aventi Sementz o ten iii a or Lees will to published three weeks for one Dollar and 25 cents Lor each additional insertion. All advertise Nienius must to marked with the number of insertions or they will be inserted till Irbid and charged accordingly. The Cash must invariably accompany advertise Nientsu from a distance or they wiil not receive Atten Lioni All letters and communications addressed to the editor must be free of postage. No variation whatever a tied be acted from these terms. List of agents. The following Guni men arc requested and authorized 10 act As age nip to receive subscriptions Job work Ilvero a aug ivc. And receipt for the same. Thomas c. Johnson a of Iccari a. H. I tii Koor Mill Grove a. Saluki. I. Smyth la. John Parr Frei Loviia Indiana. We. Ii Hod Esq. Columbus la. E g. , Mai Tivit Birg la. D. A. Rawlings now Albany la. J. S. Lituin Louisville Xvi go okie May Paricis Birg Montgomery co. A. We. S. , Esq., a Cliville la. Or. 1. 1. Max Wpm frail Kubi to la. John a Atte Tox Irv nuni ii la. Geuke g. Dunn he a. L t Ilford Indiana. Plan of a National Dank. Or. Lay of Koti Lucky Rose a did stated that he wished to Pic Sci i Peli icim collided to his care signed by ii Vimbor of poisons praying for thees publish intent of a i Paiik of the i iii Tod shiites. It was a similar to pc Vivial Illier pc irions which Hud been to the sen air or to Ihu Mikiso during the present session Piu iii i or tie sunni object. They afford evidence of deep und returning conviction among the people of lie Utility of such an institution. Whilst i am up con iii cd or. Clay with the permission of the Sci niti1 lx3g Leavo to submit a few Obs Xvi Ito is Sun this subject. There is Roas ii to believe that ii Icli honest misconception a and much prevail in regard to it which 1 wish to Correct. It had been supposed that those who arc desirous of seeing a Hank of the United states Esteb wished Are Alix Imus shut a charter should to granted to an existing stale institution which has an Emi Ueni individual at its head and a a ill thin was the sole Oli oct of All their exertions. Now 1 wish for one to say that 1 have no such in View. 1 for that gentleman Voty High resp cd. 1 be Iovu Lipini uncommonly a ble profoundly to killed in linux inc und truly patriotic. I i orc is but one Oiler i arson connected with the Bank my institutions Ollio country in whose ail Minini stration of Ijanke of Trio United states i should have a Piai iii Wiuli Ticu with or. Jiddle and that is Allum t Lallatin w to i am glad to learn at an advanced age retains in full vigor the faculties of Lii a mind. There May be other cilia ens Mcinally co iii it Lent huh those two gentlemen but i do not know them or am not acquainted with their Lartic Ulai . List it is not for any slate Bank or any Petit ocular individual it is Bead that i us contending. 1 Lillieve the of a Hank of the United states is Reinilde by the common Good of the w Hole country and lilt Hiigli 1 might be willing if it were practicable a it ado Jit an bunk Ashu basis of such an under All circumstances 1 think it most Enji Edinel that a new Bank with Power to establish branches b created and charter cd under the of Congress. My friends As far us i know their out minus and i am not Paris Clai by attached to this or that individual to this or that existing Bank but to principles to the thing , to the iii dilution to a Well organized Hank of the United states Luul. R the salutary oper Union of a hich the of the country had so greatly proposed and we had every reason to to e would again revive and , presuming upon the indulgence of the set Nale i will now take the Liberty to suggest for Public consideration some of those suitable conditions and restrictions under which it appears to me that it would by do Irollo to establish a new Bank. I. The capital not to in extravagantly Largo but at the same Tim it it amply sol Lucienl to in Abl it u. Per Orin the needful financial duties of Tho nov to Supply n Gociu ral Corr Lucy of uniform value throughout Quot the Union and to facilitate As nigh As practicable the c iia ligation of Domestic . I suppose thai about fifty millions would answer All those Jiu Posos. J he Stock might be divided Sci Ween the ii feral government the states according to their Federal imputation and individual subscribers. Tho portion assigned to the latter to to distributed at auction or by u private subscription. 2. The Orpo action in tie spirit of a Resolution recently adopted by the Llone Rul Assembly of the state o Seii tits i have the Lionor to be to receive such an organi action As to blend in fair pro of Lions Public und private control and Coniti icing Public and private . In order to exclude the possibility of the exercise of All foreign inf Luem a nonresident foreigners to to prohibited not Only from any Sharo in Tho adn Ginistra Tion of the corporation but from holding directly or indirectly any portion of its Stock. Although 1 do not myself think this latter restriction necessary. 1 would make it in def Ronco to Hoost prejudices sincerely enter tinned und which no practical slates Quot a nmn Ongel entirely to disregard. Tho bunk would a this be in its origin and Roii Tinyo through rat Liola , a genuine Amert Cao institution. 3. An adequate portion of the capital to beset a Karl in productive stocks and Ija cud in pc Man but by purity a tend the re Ach of Tho Cor it Oulion with the exception of the accruing profits on those stocks sufficient to pay prom try a any contingency the amount of All such paper under whatever form that the Bank shall put Forth As a part of the general circulation. The Bill or note holders in other words the mass of the Community ought to be protected against the possibility of the failure or the suspension of a Bank a the Supply of the circulating medium of a country is that faculty of a Bank the propriety of the exercise of which May be most controverted. The dealings with a Bank of those who obtain discounts or make deposits Are voluntary and mutually advantageous and they Are comparatively few in number. But the reception of what is issued and used As a part of the circulation medium of the country is scarcely a voluntary act and thousands take it who have no other concern whatever with the Bank. The Many ought to be guarded and secured by the care of the legislative authority the vigilance of Tho few will secure them against loss. I think this provision is a Desideratum in our american banking and tie credit of first embodying it in a legislative act is due to the stat of new York. 4. Perfect publicity As to the state of the Bank at All times including besides the usual Heads of information the names of Evory debtor to the Bank whether As drawer endorser or surety periodically exhibited and open to Public inspection or in that should be found inconvenient tha right to be secured to any citizen to ascertain at the Bank the nature and extent of the responsibility of any of its customers. There is no necessity to throw any veil of secrecy around Tho Ordinary transactions of a Bank. Publicity will increase responsibility repress favouritism insure the negotiation of Good paper and when individual insolvency unfortunately occurs will deprive the Bank of undue advantages now enjoyed by Banks practically in the distribution of the effects of the insolvent. 5. A limitation of the dividends so As not to authorize More than per cent to be struck. This will Check undue expansions in the circulating medium and restrain improper Extension of business in the administration of the Bank. 6. A prospective reduction in the rate of interest so As to restrict the Bank to six percent simply or if practicable to Only five percent. Danks now receive at the rate of near 6 2-3 per cent by demanding the interest in Advance and by charging for an additional Day. Tho reduction May be effected by forbearing to exact any Bonus or when the profits Are Likely to exceed the prescribed limit of Tho dividends by requiring that Tho rate of interest shall be so lowered As that they shall not puss that limit. 7. A restriction Ripon the Premium demanded upon Post notes and checks used for remittance so that the maximum should not be More than say one and a half per cent Between any two the remotest Points in the Union Lahough it May not to Root Cable to re Gulf to foreign Exchange depending As it does upon commercial causes not within the control of any one government think that it is with regard to Domestic Exchange. 8. Every practicable provision against the exercise of improper info Nevice on Tho part of the executive upon the Bank and on the part of the Bank upon Tho elections of the country. Tho Lute Dank of the United slates has been i believe most unjustly charged with Hiuer Serenco in the popular elections. 1 Here is among the Public documents evil Iodice of its having scrupulously abstained from such interference. It never did More than to the natural right of Quot self defence by publishing such reports speeches and Dot a ume uts As tended to place the institution and its administration in a fair Point of View before the Public. Dut the people entertain a just jealousy against the danger of ony inner Ferince of a bunk with the elections of the country and every precaution ought to be taken strictly to guard against it. This is u Brief outline of Uch a new Dank of the United slates As i think if established would greatly Conduce to Tho Prosperity of the country. Perhaps on full discussion and consideration some of the conditions which 1 have suggested might not be deemed Coj it Edmont or might require modification amp important additional ones May be proposed by oth to abolished unless it were clearly called a by Public opinion. I believe it is now desired by a majority of the Goopio of the United states list of that there does not exist perhaps any conclusive evidence. Let us wait until demonstrations of their will shall be clearly Given and lot us All submit and for one i shall most Choc fully to their decision whatever it May be. Or. C. Moved that the Jhaj Livion be Laid on the Tabic. s t a Ion. In the second Volino of the two flirts and other ,&Quot Dulwor has a but Dutiful Little allegory in three chapters called Tho three Sisters. The first chapter on the Quot dragon Quot so forcibly Iping i led us of the &Quot.monster,&Quot we cannot forbear giving it to our readers. We think they will find features in the dragon s Adver Saries strikingly the present and the past. In the portraits of the second and third chapters likewise we think some familiar political resemblances will be i which will make the Quot a an Troj Quot and tie Quot Clayhold Quot Nota Little amusing. Madisonian. The t be 11 e e s of s t . Translate i from Tihy Pisa Nicias Collal ter 1. In an age which two or three thousand years ago was considered somewhat of the earliest but which geologists have proved to have been but As ye.-5ter-Day. Lao Pater reigned Over those districts known to historians by the name of pm Tynicia. An honest arbitrary Good sort of a King he was not altogether unlike our Henry the eighth a Only he was not quite so much mater of his own House. Her majesty led him a troublesome life into the particulars of which we need not enter seeing that Cople in this virtuous a o have a disinclination to scandal and that the greeks have made some of the Best stories sufficiently familiar in that budget of gossip which they Call u mythology. A Vaomaa nos Mou tuns. Lao Pater had a very Large Foi Nily sons amp daughters without number. Among them by a left handed marriage were three Young ladies called in the language of that Day Aza Merthyne and insula. Respecting these princes we find a tale recorded in one of the manuscripts consulted by is Mohouil Thon in his work on the Serpent which has not hitherto been published. In the latter Days of lao Pater his subjects were visited by a most terrible a Jecies of madness. Each Man fancied he saw a horrible dragon upon the Back of his neighbor and was instantly Selix d with a furious desire to attack the monster i Hus the moment your Back was turned half u dozen of your countrymen made a Rush it you one with u sword to hew another with a saw to saw a third with red hot pincers to Pluck off the creature of their ii Nagibia Jiuu if no other weapon was at hand they fastened in you with their nails und Teeth. What made Titis Mai uly More singular while their victim perished under their they kept him on his approaching delivery from the dragon. The More he bellowed for mercy the worse to fared when once attacked in this manner his Fate was scaled and As he gave up Tho ghost his tormentors instead of s a it pectin g they had done any thing wrong Shin it ged their shout Ders and cried Quot this comes of the dragon Quot so dreadful Wei e the ravages and f daughter resulting from this insanity that his Uia Jeisy s dominions Ocie nearly depopulated lao Pater in a great tight lest his of n Buck should be caught sight of shut himself up in his Palace und All prudent persons followed the Royal example kept themselves in doors with their Bucks screwed tight against Tho Wall. The soothsayers killed nine millions and forty two Birds and four Lui Midred thou sail sows but the entrails of the victims were obstinately silent on the occasion nor i Ould any remedy for the growing evil to suggested by counsellor or priest. Rible monster that so no Nln Yov so Myia a he opened her hand and away flew one of the most Beautiful purple and Gold butterflies that Ever As seen. As Tho fluttered and circled o and fro the crowd stared at it with open Mouths. Quot Diess me Quot said one of them Quot and that s what a we took for a drag no so it is Quot Quot Iio Loo you , cried another lifting up his Hatchet against the last so Eaker who had unwittingly turned round and exp<j8ed his own backs Quot the dragon is on you Quot Quot in old Quot exclaimed Aza arresting the madman a Arm. A the god no no has changed All your do Gontz into with turned aside and unperceived by the crowd emptied the Silver net. I he air was tilled with butterflies. The crowd stared again Glrst at the insect then at the Ikin Cess then at Ono another. Fortunately at that time the god in no thought it a Good Opportunity to Thunder the Omen Coni meted the cure and the mob wok cull at once from their delusion. Congles clonal. House of . Fed in Day May 30, 1838. The Mississippi election. Or. Garland of Louisiana announced that the agreeable duty had been confided to him of apprising the ii ouse that the people of my mis Sippi had allium de their decision of november last in favor of messes. Prentiss and Vord As their representatives in the Twenty fifth Congress and that those gentlemen were now in attendance ready to take their seats. Tho chair. Quot the members elect will please themselves for messes. Or la Nitiss and word came to the table and the speaker administered the usual oaths. Or. Prentiss stated in Tho name of his colleague and for himself that it was not under the More recent election but under that of november last that they claimed to sit in this Congress. The speaker said that the statement of tha member from Louisiana that the gentlemen were the elected representatives from m�88�8.h�ppi, was suf Leent to authorize his administration of the oath of of iliac to them and he administered the oath to both gentlemen accordingly. The joint Resolution on the currency. Or. Doon Roie and expressed a wish to act upon the joint Resolution received from the Senate yesterday. It was not his Wigt a a to Embarrass the Progress of Tho Indian appropriation Bill and he should therefore move for a suspension of the rules for one hour for Tho purpose of taking up and considering the joint Resolution of the Sopato in regard to the on Rency. Or. Pickens said that he hoped the House would not spend Lime in discussing a collateral matter at ill s late period of the session while a Bill covering the whole subject which has passed the sen lie and is lying on the table yet remains enacted on. The chair reminded or. P. That a motion to suspend Tho rules was not debatable. Or. Pickens said he had risen to demand the yeas and Guys on the motion of or. Boon. Tho yeas and nays were ordered and Tho House decided Tho question of suspending the rules for Ono hour for Tho Puri Jse indicated in the motion by the following vote a yeas 112�?nays�?34. So the rules wore Susok ended. Tho Resolution was then read twice As follows i by the Senate and House of regret nut tics 4-c. That it shall not be lawful for the Sec Quot rotary of Treasury to make or to continue a Force any general order which shall create any Quot Willorence Botteon Tho different Brances of reread at length one night Dro Amod a Drain. Show Quot i to. As to Tho Zimmey or medium of a not to thought that Tho great deity no no appeared to Quot which debts or dues accruing to the United 8tat�a 1 will Only say a word or two on the const Lulion Al Power. 1 think that it ought no longer to to regarded As an open a a cation. There ought to be some Bounds to human controversy. Stability is a piece scary want of society among those who deny the powe.-, there Are Many who admit the benefits of a link of Tho United Stuss. Four times in under Tho Sway of All the political parties have Congress deliberately Ali red its existence. Every department of the government has again and a gain asserted years of acquiescence by the people uniformity every where in Tho value of the currency facility and Economy in Domestic Exchange and Prosperity in the general business of the country with a Dank of the United states and without it wild disorder in the currency ruinous irregularity in Domestic Exchange and general prostration in the Commerce and business of the nation would seem to put the question at rest if it is not to be perpetually agitated. The Power has been sustained by Washington tha father of his country by Madison the father of Tho Constitution and by Mam Hall the father of the prec silents Are not to be blindly followed neither ought they to be wantonly despised. They Are the evidence of truth and the Force of Tho evidence is in pro Hgt Ripon to the integrity Wisdom and patriotism of Thom who establish them. I think that on no occasion could there be an array of greater or higher authority. For one 1 Hope to be pardoned for yielding to it in preference to submitting my judgement to the opinion of those who now deny Tho a a wer however resp Cuble they May to. But or. President Strong As my Sonvi Otious Are i have no intention any proposition to eat Ublish a link or the United stat a. Composed As Congress und the be Outie now Ara it would be an unnecessary waste of time to of Flor such to proposal. I Fth Ould regret to most Bank cd Hurand said Quot arise go Forth into the City Aad the it eople shall be delivered from Tho and Aza Tho next morning sought lao Putor who had crept into a Hole of Tho Wall so that nothing but his face was discernible. A a told her dream and implored permission Tooly the divine command. Quot do As you like my dear child Quot said the King but Don t come so close to me and mind wherever you go that you proclaim it to in Hig i treason to attempt to Peep at my Back. As Tor other people s Bockst it is not my when Aza went Forth from the Palace she repaired to Tho Royal gardens and amused herself with catching the Mosi Buiu Wiful butterflies she could find leaving put them into a Little net of Silver meshes inconceivably line Sho took her Way into the great Street. Scarcely had she gone Olnee paces when she heard a inc Mendouse uproar and allowing and presently a Youmg Man More in an Tifful than words can Des Cril it Imirie Munding up Ilie Street Pale breathless and frightened oui of his wits and full exhausted at the Leet of the princes i. A it save me a save me 1 to cried i am an unhappy stranger in this City and a whole mob Are at my heels swearing i hive a dragon at my Back. As Long As 1 spoke to them Fuce to Tuco they overwhelmed us with civilities. But the moment i turned a a Here they Are Quot Aud in fact a score or two of Fieroe looking citizens some with hatchets some with a queers some with Long Hooks All for the dragon a now thronged hot amp and punting to the spot. At the sight of Aza they halted abruptly a for there was something in her Faco so Serene and Lovely that even the wretched maniacs Felt the a nothing influence of her Beauty. Friends said aau in a voice of Sweet command Quot what would you do with this Young Mant Quot Quot tha dragon a the dragon f a shouted a dozen voices already hoarse with a roaming Quot he has a Dragoo of Bis Batoki a would not harm him for the Mosto Baiming Young Man Quot Bur the Drof Fon your Royal but go idiots it Tom dragon Quot Quot i have Token it of thu Back Quot said the or Iooss mildly. Here it is. Behold thu ter Quot May to and the next question in course being upon the ordering the Resolution to a third Reading or. immediately moved the prevust mitc lion which was seconded and the main question was then ordered to be put without a division. Or. Sheri Williams demanded the yeas and nays upon the question of ordering the Resolution to a third Reading. They were ordered and a ing taken stood As follows 161.--nays 17. So the Bill was ordered to third Reading. The House then decided that the third Reading should take place this Day and Tho Bill was read accordingly. Or. I Unn moved to recommit the joint Resolution to the committee on Public lands with the following ii Struc Lions that this joint Resolution be committed to the commit of on Public land with instructions to Rah i the following amendments Viz. Provided that no portion of lie Public Domain greater than s80 Nares shall Ike sold to any individual nor shall any portion of in it Public Domain be sold or disposed of to any individual or body corporate except for tha purpose of immediate on this motion or. Duncan asked tha Ytaka and nays. Or. Doon immediately moved the previous Iju Ostion cutting off the motion to commit and it was Seiti Dud and thu main question was then or do red to fio put. Apman of Alabama asked they Dasaad nays on Tho question Quot shall Tho joint Reao Lutito liars Quot and they were ordered. The yeas and nays thus Token stood As follows yeas-154.-nays to. So the joint re Ltd ution was passed and re of fed to the Senate fit re it quires Only the App Robatto of Imo Omea Law the president to who spends More than he should shall not Hava to ipad when a would
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