Commerce and Agriculture Tied to Home Manufactures Tariff
The Boston Atlas argues that protection for home industry benefits agriculture by raising prices and aiding navigation. It estimates foreign imports and shipping impacts from wool, cotton, leather, and glass, and cites the New York Convention data to illustrate the broader economic gains of domestic manufacture over foreign goods. It also notes Mr. Clay’s tariff resolutions, urging higher ad valorem duties to restore revenue while reducing government waste.
MENTIONED IN THIS ARTICLE
Boston
South
Europe
Leghorn
New York
Custom House
England
Binney
Minois
Missouri
N. York
Maine
New Hampshire
Delaware
Virginia
New York Tribune
Washington
Tesdy
Clay
Treasury
Houses of
Congress
Mr Tallmadge's Bett of the Exchequer a plan
A synopsis of a Senate Select Committee fiscal report argues for a paper currency backed by specie. Benefits cited include freeing hoarded specie, restoring public confidence, and greater velocity and economy than specie. It claims banks would substitute paper and prevent depreciation.
MENTIONED IN THIS ARTICLE
Select Committee of the
Senate
Secretary of the Treasury
Plan for Exchequer and Bank Reform Described in Senate Report
A detailed discussion comparing Treasury plans and the Cushing bill outlines an Exchequer system with a treasury board, agency networks, gold and silver deposits, and issued notes. It contrasts sub-treasury tendencies, transfer of public funds, and coin or bullion deposits with weekly balance settlements and strict book-keeping across independent sets. It notes political contention over Barker’s Senate confirmation and reflects Whig endorsement.
MENTIONED IN THIS ARTICLE
Treasury Department
Senate
Board of Exchequer
Secretary of the Treasury
United States
Exchequer
Congress
Mr Cushing Exchequer Bill Changes in Currency Proposal
The Baltimore American notes Mr Cushing's select committee report on the curren cy differs from the secretary of the treasury bill. It proposes certificates of deposit instead of treasury notes, with a ten million limit and a rule that the board and its agencies must cap certificate issuance in gold.
MENTIONED IN THIS ARTICLE
Baltimore American
Cushing
Select Committee
House of Representatives
Secretary of the Treasury
Treasury
Legislature Adjourns and Plans July Special Session
The Wisconsin legislature adjourned after three months with an agreement to reconvene on July 25 for redrawing Congressional districts after the new census. The extra session would cost about $20,000, and deferring elections to fall 1843 was rejected by the Locos to avoid risking Whig majorities.
Ohio Railroad money and fear of non redemption
The Ohio Railroad Company ceased redeeming money at its Cleveland office last Thursday. The Herald cites the treasurer that only about 35000 to 40000 dollars of paper is in circulation. Skepticism remains about timely redemption, though some expect future payment. Thanks are given to Root and Cooke for documents received during the winter.
MENTIONED IN THIS ARTICLE
Ohio Rail Road
Ohio Rail Road Company
Cleveland
The
Herald
Root and
Cooke
Resignation of H. Clay from Kentucky Senate Seat
Former United States Senator Henry Clay resigns from the Kentucky seat effective March 31 1842 in a letter to the Kentucky General Assembly dated February 16 1842. He cites long public service and desire for private life while thanking the Assembly for its support and confidence.
MENTIONED IN THIS ARTICLE
General Assembly of
Kentucky
Washington
Senate Chamber
United States
Congress
Senate
General Assembly
Senate of the
C. H. Clay
Kentucky Senator Elected Without Opposition
The Hon J J Crittenden is elected to fill the Kentucy Senate vacancy caused by Mr Clays resignation. Jeremiah Morrow of Ohio, recently ill, shows improvement and hopes rise for his speedy recovery, with false death reports once circulating. Washingtonians and teetotalers noted ongoing progress and marches into the city to continue their influence.
MENTIONED IN THIS ARTICLE
J. J. Crittenden
Senate
Clay
CO. S. Journal
Jeremiah Morrow
Congress
Ohio
New York
Morrow
National Intelligencer
March 1 legislative summary from the Ohio State Journal
From the Ohio State Journal March 1 weekly summary of legislative proceedings reports brief House actions including a bill on Church corporations liability and a State Bank proposal, passage of Latham's Home Rule Bill, adjournment to July and districting plans. Senate and House debates on judicial and treasury duties follow with reforms and repeals noted.
MENTIONED IN THIS ARTICLE
Ohio State Journal
Columbiana
Latham
House
Currency Committee
Locofuco
Houser
Register
Urbana Bank
Israel Hamilton
General Assembly
Senate
Granville Alexandrian Society
First Methodist Episcopal Church
Fitchville
Huron County
Summit County
Bartley
Committee On the Judiciary
Byington
Judiciary Committee
Committee On Finance
Messrs Probasco
Wood
Meredith
M’farland
Messrs Jenkins
Cotton-Tariff Debates Spark Southern Tariff Fervor
The Baltimore Patriot notes alarm over India cotton tariffs as the South faces pressure from press groups defending protection. Charleston Courier cites Salem and Boston orders to East Indies prompting tariff talk. Wilmington Chronicle wonders at South Carolina seeking a protective tariff by 1847. Senate notes on a state bonds bill reflect party rifts and currency concerns. Columbus brawl referenced with Gen Neiswanger present as onlookers react.
MENTIONED IN THIS ARTICLE
Baltimore Patriot
India
Washington
Charleston Courier
Salem
Boston
East Indies
South Carolina
Wilmington
M. C
Also Mentioned on This Page
Judicial Department of Government
State
War
Navy Departments
Calhoun
Mr. Tallmadge
J. N. Barker
Barker
the Treasury
van Buren
Gen. Harrison
Forward
Ewing
Tyler
Gen
Harrison
Gen. H
Messrs Allen
Benton
Buchanan
Fulton
King
Linn
McRubens
Pierce
Sevier
Smith
Conn
Sturgeon
Tappan
Walker
Woodbury
Wright
Young
Norw
Norwalk
Thomas Corwin
Warren County
Mr. Clay
Ienda Yiumber
Wingtonians
Freashingt
Hamilton
Olit
Jip Ter Tunans Taylor
Tiga
S. Journal
Loco Se Atora
Clark
Columbus
Gen. Neiswanger
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