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Indianapolis State Sentinel (Newspaper) - August 13, 1841, Indianapolis, Indiana Re 0mmu vol. , Friday August 13, 184l no. 1000. Edited and published by Douglass amp Noel terms�?�2 50 per annul in Advance for 52 numbers $3 00, if paid at the expiration of six months and $-3 50 at the and of the volume. No paper will be discontinued unless atthe option of the publishers unti All arrearage Are paid. Advertising the space occupied by 250 Ems 9 lines a Hall be counted a Square nothing cd need less Tolian a Square nil Over a Square and less than a Sakre and a half shall be counted a Square and a half. One Wiar per Square shall be charged for the first three or any less number of insertions and Twenty five cents for each addition Are insertion. Advertisements published by the Quarter or longer will be charged $3 per Square for Oliree Monivis 6 for months or f 10 per annul. Merchants druggists and others advert Isip by tie year will be charged for two squares $15 50 for three squares �20 for a of a column of logo Ems ,��25 for a half of a column $25 Fer three fourths of a Chinni �50 for a column �60 a deduction of 20 per cent will be mide on advertisements longer than a Quarter of a column Oliea inserted by the half year or year and not altered. All advertisements coming from abroad must he accompanied with the Cali unless ordered for publication by a brother publisher. Am advertisements must be in relied on their face with the number of insertions or they will be continued till ordered out and charged by the insertion. The postage must be Pai Ltd on All letters to the publishers or they will not be taken out of i in Post office. Saturday August 7, 1841. We do not wish to be regarded As alarmists interfering in matters which we Are not called on by duty to perform but we cannot but entertain the belief that the time has arrived when the Public should no longer slumber that the people should Wake up to the danger that awaits them from their giving countenance and consequently currency to the issues of irresponsible and worthless Banks. Efforts Are making it is believed to put into circulation As much As possible of this kind of trash. To foresee the consequences which must inevitably result if the people will suffer themselves to be imposed on by the actors in this nefarious business which is Little better than Down right a Windling will not require the gift of prophecy. At a former period something More than a fourth of a Century ago the Bank mania had so completely got Possession of the Public mind that even individuals were tolerated in their attempts at banking under a belief that it would prove a Benefit rather than a curse notwithstanding most of the states with the exception of the Eastern had created numerous Banks which were by no Means sparing in their Issue of paper. This state of things occurred it is proper to remark during a suspension of specie payments and the non existence of a National Bank. And what we would ask was the effect of that Experiment let the history of that period furnish the answer. The painful consequences which followed Are yet fresh in the recollection of , and ought to serve As a warning for All after time. While Bankers and shavers look Only to their own interests regardless of the injury which they May inflict on Community it is right and proper that the people Sli Ould not be unmindful of a a cred duty which they owe to themselves by Riding the country of a worthless Shin plaster Issue whish must As was the Case at the period adverted to fall dead Ere Long in the hands of those who May be confiding enough to receive and thereby lend their Aid in giving it currency. A gentleman of this place a few Days since received from one of the oldest and principal firms in Cincinnati a letter from which we Are permitted to make the following extract. It contains some important information in relation to the currency West Union is blown sky High it May Occa signally bring 50 cents on the Dollar but at present entirely unsaleable. The new Bank of Cir Cleville is very Uncertain so is the German Bank of Wooster. As for the following Lebanon and Miami banking company Mimi exporting company Bank of Cincinnati mechanics and traders Bank Louisville savings institution and checks on the Exchange Bank of Cincinnati were we to choose we would not know which was Best and we would say to you take none of them. The Newtown Library company or Hamilton county Bank has not yet appeared among us nor will it we Are much surprised to hear of its circulating with you and would advise you and every body else to took upon it As perfectly the currency. A Public meeting at Columbus have resolved Quot that after the 7ih instant they will not receive As Money any paper issues of less denomination than one Dollar nor the issues of the Bank of Cir Cleville chartered in 1818, the Bank of Steuben Ville West Union Bank of Cincinnati Exchange Bank of Cincinnati Manhattan Miami exporting company mad River and Lake Erie rail Road Quot nor any issues of incorporated towns or Turnpike companies nor any other unauthorized paper. Very Well. Hydrophobia. Or. David Bowers a worthy citizen of Hamilton Butler county died of this dreadful disease on the 26lh ult. About two months before he was bitten by a dog belonging to himself but the wound healed and he appeared to enjoy his usual health till saturday the 24lh, when symptoms of hydrophobia began to a How themselves. From this time the disease increased rapidly continually growing in violence till monday the 26ih, when or. B. Died in great . Gazette. The state Cackler pronounces our statement that his paper is Quot Fanny Wright in its religion Quot false. Well we Are right glad he has at length seen the error of his ways and that from being a reviled and co Temner of the Christian religion he has become a believer in it. County he says Quot although the local offices Are filled by whigs they Are of the Independent and moderate class and were elected in opposition to the regularly nominated whig the truth in relation to the matter is this a for the local offices four of the regular whig candidates were elected for one an Independent whig was elected a and for one no nomination was made As there Vas no vacancy when the convention was held. Of seven Achig nominees five succeeded. One was beaten by a Van Buren Man and another by an Independent whig. We Cut the following paragraph from the St. Louis Republican of the 29lh Ultimo Quot insurrection in Louisiana. Quot we learn from the clerk of the Missouri that As that boat put out from new Orleans news Roach Ioctl quiere of a slave at Eaton Sarah. As the boat passed Llinat place they took in a passenger who informed that ther f had been fifteen persons free Whites and slaves arrested and secured in prison. There appears run the Given by a Passen. Ger. That there was a Pretl a general conspiracy matured by tiie , under the counsel and direction of a Tew whiles which i was to have been carried into bloody execution on the first of August but one of the leading slaves taking suddenly and dangerously ill some of the others in the secret become alarmed and disclosed the facts within their knowledge to their masters. One of the Wiite men taken is from the state of new York. We expect further particulars by the next arrival. Although the state Cackler has become a believer in christianity he does not regard its precepts. An extra issued from his office on the 5ih instant contains one of the most barefaced and unmitigated falsehoods that we recollect Ever to have seen. In speaking of the election in this for the Indiana journal. Messes. Douglass Noel i am pleased to see you uniting with the press elsewhere in the attempt to put the Public on their guard against the mischief of an increasing worthless currency. It is strange that the people have borne with it so Long. The Only excuse i have Ever heard for giving it countenance is that Money is so scarce if we do not use this currency we shall have no circulation. The Public seem to have tolerated it under the impression that these spurious issues add to the amount of the circulating medium. This is a great mistake. Tie circulating medium tends As certainly to diffuse itself equally throughout the Community in proportion to the business and capital As water tends to a level and no Art or device can prevent it. It is equally True that a Good and an inferior kind of currency will never circulate together in the same place the belter always disappears before the worse. If the people of Indianapolis or in Marion county agree because Money is scarce to receive Galli Opolis Hamilton county Bank Bank of Cincinnati Indianapolis Exchange Bank West Union and other kinds of paper of equal pretensions now becoming too numerous to mention the consequence will be not that they Are making Money plenty but Alliey Are its Quality and affording the Means of withdrawing from circulation All the Money that is worthy of Confidence. We see the operation every Day on Washington Street. The business Man receives trash because Money is scarce he has a payment to make to a collector from another state or to the Bank or he must go to Cincinnati to recruit his this currency he knows will not answer his purpose he must get it shaved at the broker s. To enable him to stand this shave one two or three additional cents must of course be put on each Yard of Calico or shirting and on each Pound of Coffee. The currency goes to the brokers the bankable Money disappears and the currency is again thrown out to perform the same round. In this Way the Good Money is withdrawn for it a circulation and its place supplied with the issues of broken and defunct Banks and now while i am writing i am informed that so abundant has been the Supply of currency that bankable Money cannot be had in town. If the Public had resolutely from the first set their faces against this currency there would at this time have been just As Many dollars of bankable Money in circulation As there Are now of bankable Money and currency taken together. Nothing has been gained but tire privilege of paying higher prices for All we buy and being shaved when we want bankable Money. Under the mistaken notion above referred to the people of Indiana have encouraged the circulation of inferior foreign paper until More than half of the amount of the issues of the state Bank have gone from among us and is circulating in the neighbouring states and More than half of the Money Iii circulation in this state is from abroad and the largest proportion of foreign paper among us is at the Best doubtful and a great Deal that is Woith less. It is estimated that three fourths of the bankable Money in use in Cincinnati and the neighbouring country is Indiana Bank notes and it is probable that in Many parts of Indiana her own Bank notes do not constitute More than one fourth part of the circulation. If any opinion is to be formed from what we see and hear daily such is the Case Here. Truly we Are acting under some strange infatuation we Aie taking and circulating the notes prepared by the new paper factories in Ohio and elsewhere Many of which Are unknown to Fame or credit at Home and giving our Indiana notes in return. And when the explosion comes As most assuredly it will where will we be who will sustain the loss not the agents that have been employed in the work of making Money plenty among us by loaning and otherwise circulating this trash not the broker that shaves it in with one hand to be immediately shaved out with the other not the business Man that understands the value of such Money and will not keep on hand a single Day More than one Small grist for the broker s Mill. I remember when i was a child to have played at the game of a Jack la alive and allot like to be Quot if he die in my Liand you May pack Laddle met Quot and i remember too that the youngest and greenest were generally saddled. And precisely similar is the game that is now playing with this currency. As Long As it can be said that Quot Jack is alive Quot it will be pushed about from hand to hand to make Money plenty and when he is dead it will be seen that the pack Saddle is on the backs of the ignorant and unsuspecting. Those engaged in introducing this circulation and especially those that Are engaged in giving it currency among the people by receiving and changing it out for bankable funds will not pretend to have any Confidence in its goodness. It is always seen in the front drawer of the counter or first department of the pocket Book. It is never Laid carefully by to meet engagements or replenish the store or the shop. It is received because Quot can make it go Quot and if any one objects to taking it the answer is Quot of you can make it . A experience is a hard teacher and i Hope our business men begin to see their Folly in giving countenance to the circulation of doubtful and spurious paper and Are now convinced that it does not make Money of any kind More plenty but drives All Good Money from among us. If they Are not convinced of their error they most assuredly will be. I Hope you will keep this subject before the people until every Man will refuse to part with his propert or give his labor for any kind of Money that he is not acquainted with and does not know to be Good. A citizen.conores8. In Senate july 27, the question being on the motion of or. Huntington to Amend the Bank Bill so As to allow the Issue of $5 Bills or. Sight a of Indian said he did not Rise to go into the general debate. He would not go into the constitutional question. He was bound to consider that question As one settled by the concurrent i it Iii i a is of the executive legislative and judicial departments of the government As had been must fully and eloquently argued by the senator from Kentucky this morning. Nur would he urge Upun senators Over the a the inconsistency of their course of argument at one breath declaring that the Bank would fall by its own weight and be a total loss to tie stockholders and at the next breath declaring that tie charter would be Worth a Bonus of four Nii Lions of dollars at one breath declaring that in Wil become so unpopular in a few years As to fall a Heap of ruins and cover the party which May support it with disgrace and at the next breath declaring that there is no Lii nearer to their heart than the downfall of the same try. At one time declaring that it will continue the suspension of specie payments by tie local or s ate Banks and at the next breath declaring that its passage will be followed by an immediate resumption As Tiey say the local Banks Are Only waiting its passage to resume. These contradictions he left senators to reconcile. He went for the passage of tie Bill because he was satisfied of both its constitutionality and expediency and for a still stronger reason that he was Well satisfied a Large major Iliyof the people of his slate were favourable to the measure and it should Ever be his duly As will As his Pride to carry out the will of his stale in Good Faith. He had the gratification in this instance to concur most freely with his state in her opinion of the and expediency of this great National measure. Or. S. Rose merely to speak a word in rela Ion to the immediate question before the Senate that of fixing the minimum of the notes to be issued by the Bank at five dollars. He had always Felt opposed to the Small note issues his Voles had proved that and he should not depart from that Rule. But what a a Small note was a question upon which gentlemen might differ honestly. He would go to a five Dollar non mum. One of the objects of a National Bank was to furnish a sound and uniform circulating medium. The country was filled with Small notes from Twenty five cents up and the specie basis would not be enlarged by fixing the minimum at ten the under currency would be furnished As it was now by the site and local Banks. Why sir Here is a Bank note of the state Bank of South Carolina holding it up calling for Twenty five cents which had found its Way to the West Sudi is the character of the currency that will fill the vacuum under ten dollars and the specie basis will not be enlarged As it is supposed by fixing the minimum at a higher Point than five dollars and he should Vole to fix it there. The question was then taken on the adoption of or. Hunt Nuton s amendment and decided in the Fiir Matin it As follows yeast messes. Archer Barrow Bates Bayard Benien Clay of ky., Clayton Dixon Evans Graham Henderson Huntington Kerr Mangum. Merrick Miller Morehead Phelps Potter. Prentiss Preston Simmons Smith of Indiana Southard tall Madge. White woodbridge�?27. Nays messes. Allen Benton Buchanan Cul Houn. Clay of Alabama Cuthbert Fulton King Linn Mcrobi its Nicholson Pierce Rives. Cuevier Smith of Connecticut Sturgeon Tappan. Walker Williams Woodbury Wright. Young�?22. Or. Clay then addressed the Senate at some considerable length in favor of the following amendment which was to strike out a portion of the l6th fundamental Rule and to insert the following Quot and the said directors May also establish one or More competent offices of discount and Deposit in any territory or District of the United states and in any state with the assent of such state and when established the said office or offices shall not be removed or withdrawn by the said directors prior to the expiration of the charter without the previous assent of Congress provided in respect to any state which shall not at the first session of the legislature thereof held after the passage of this act by Resolution or other usual legislative proceeding unconditional a assent or dissent to the establishment of such office or offices within it the assent of the said state shall thereafter be presumed and provided nevertheless that when it shall become necessary and proper for carrying into execution any of the Powers granted in the Constitution to establish an office or offices in any of the states whatever and the establishment whereof shall be directed by Law it shall be the duty of the said directors to establish such office or offices or. Rives followed at great length against the amendment. Or. Preston addressed the Senate in favor of the amendment messes. Calhoun Walker and Buchanan each spoke at length in opposition to it. Or. Clay rejoined and was followed by or. River in reply at very considerable length when the question was taken on the adoption of the amendment and decided in the affirmative As follows yeast messes. Barrow Bates Bayard Berrien Choate Clay of Kentucky Dixon Evans Graham Huntington Kerr Mangum Merrick Miller More head Phelps Porter Prentiss Preston Simmons Smith of Indiana Southard Tallmadge White vvoodbridge25. Pm Aysk messes. Allen Archer Benton Bucha Naii Calhoun. Clay of Alabama Cuthbert Fulton King Linn Mcroberts Mouton Nicholson Pierce Rives Sevier Smirh of Connecticut Sturgeon Tappan Walker Williams Woodbury Wright young�?-24, wednesday july 2q, 1841. The fiscal Bank Bill. Was then taken up and read a third time the Nues Tion was Quot shall the Bill Passi Quot or. Benton attacked the amendment of or Clay adopted yesterday pointing out its defects and declaring that were the Bill brought before the supreme court in a writ of error the charter could be reversed As soon As he could walk in and slate the Case to the court. The amendment was a Clear and total surrender of the constitutionality of this charter. He renewed the motion of yesterday to postpone the Bill indefinitely or. Dixon would give the reasons Why he voted yester amp a for the amendment. If the senator from Misson was Correct he had done in supporting this amendment what he refused to do a few Days since with reference to the amendment of the senator from Virginia or. Rives for which he would not vote As he considered that surrendering the Power of Congress 10 establish branches without the assent of the states. This he did not conceive was surrendered in the amendment adopted yesterday. He briefly supported the amendment in a constitutional Point of View contending thai it maintained the Power of the general government and yet recognized the Rigits of he states. Or. White said he would briefly state his reasons Why he had Given his vote for the amendment adopted yesterday. On this question he desired to act on the Power of Congress and the Federal government a Lone. Had the amendment of the senator from Virginia been adopted the existence of the institution would have been dependent on the will of the states and on this ground he could in no Way have voted for the amendment. But this amendment obviated this difficulty not surrendering any Power of the general govern Dent and Yei leaving the states to decide for themselves As to admittance of branches. He desired not Only to maintain his own consistency but having his proportion of Power to establish this institution to maintain it against those arguments which were now suppressed but might hereafter be urged. Or Woodbury was in favor of the motion of the senator from Missouri or. Benton to postpone the Bill indefinitely. He opposed the amendment contending that it was disrespectful to the Sovereign states they asked the consent of the states requiring their positive answer and if that was a dissent they were to turn round and in the Teeth of this establish the Branch if thought necessary by Congress. The question was then taken on the motion for in Defin Ite postponement and negatived As follows yeast messes Allen Benton Buchanan Calhoun Clay of ala., Fulton King Linn Mcroberts. Moulon Nicholson Pierce Sevier Smith of conn., Sturgeon Tappan. Walker Williams Woodbury Wright young�?21. Nays messes. Archer Barrow Bates Bayard Berrien Choate Clay of ky., Dixon Evans Graham Henderson Huntington Kerr Mangum Merrick Liller Morehead Phelps. Purler Prentiss Preston Rives Simmons Smith of ind., Southard Tallmadge White woodbridge�?28. The question pending then was Quot shall this Bill and was about being taken when or Henderson Rose. He did not intend to make a speech but rather an apology. He did Noi vote on the amendment adopted yesterday As he was not present when the vote was taken had he been he should have voted against it uni he should vote for the Bill. Tie question was then taken and decided in the affirmative As follows yeast messes. Barrow Bates Bavard Berrien Choate Clay of ky., Dixon Evans. Graham Henderson Huntington. Kerr Mangum Merrick Miller Morehead Phelps Porter Prentiss Preston Simmons Smith of ind Southard Tallmadge White Wood-bridge�?26. Nays messes. Allen Archer Benton Buchanan Calhoun Clay of ala., Fulton King Linn Mcroberts Mouton Nicholson Pierce Rives Sevier Smith of conn., Sturgeon Tappan. Walker Williams Woodbury Wright young�?23. Thus the Bill was passed. Late news from Europe. New York thursday july 29. The steamship great Western came up to our wharf a Little past 1 o clock to Day. She left on the 14lh, and has of course been 15 Days coming Over a her dates Are eleven Days later than those by the Caledonia at Boston the political intelligence is decisive of the Fate of the British ministry. The tories Are every where triumphant. The whigs concede a majority of 50 in the House the tories claim near 100�?and the victorious party is generally nearer right than the other. The tory tally is As follows conservatives 345 liberals 259 tory majority 80 Daniel o Connell and his colleague Hutton have been Defeated of their return from Dublin by about l50 majority. Tiie poll is As follows West cons 3,860 Grogan do 3,839 o Conni 11, Rad 3,692 Hutton whig 3,662 this is a terrible blow to the repeal cause in Ireland. Belfast has also returned two tories Over lord Belfast and colleague. But the hardest blow to the ministry was dealt by the great constituency of the West Riding of Yorkshire where lord Morpeth is Defeated As follows lord Morpeth a 12,080 lord Milton do 12,031 or Woolley 13,165 or Denis a 12,760 thus the Secretary is at the foot of the poll where he has always been at the head and or Wortley the twice Defeated conservative stands at the head. So it is All Over. Peel comes in prime minister with a tremendous backing. The ladies of the bedchamber must Back up. Well turn about is fair play and is generally the Best for the people. There is no other political news of any consequence. No new India mails and of course nothing later from China. The Money Market is still depressed. Trade is Dull. Cotton fully maintains the slight Advance noticed by the last arrival. A terrible casualty took place at Rotherham in Yorkshire on the 6th inst. A Barge which was launched upset in going into the water with 150 persons on Board of whom 51 were drowned the Harvest looks badly. The British finances Are Short this year. French ditto. We have Little news Here beyond a Rise in Grain yesterday Genesee flour went up to i5,75 other sorts in proportion. S Ocks Are very Dull. There was a serious fire in vestry Street last Midnight which destroyed several houses. Loss probably $25,000. It broke out in Prevost s pianoforte factory and was caused by combustion. The seventh edition of Stephen s Central Ameri of is issued this morning the six preceding having been taken up by he Public As fast As they could be hurried through the press. The work has been out about a month and already the Sale exceeds 7,000 copies. This is the most signal Success that Ever yet attended an american Book but or. Stephens has richly earned it. His account of the wonderful by ins of Palenque Copan amp a. Is so vivid thorough and graphic the accompanying engravings so eminently Laboured and faithful his political and general observations so sagacious and his travelling adventures so Rich so interesting and related with such inimitable spirit naivete and invincible hilarity that he has already taken rank As the Prince of modern travellers. Bill for the purpose of bringing the principal provisions of this Bill within a Small Compass and to facilitate an examination of it we have with some labor prepared the following synopsis of it. This Bill it will be recollected passed the Senate some time since and has not yet been acted on in the House. Verbal accounts Are unfavourable to its receiving the attention of the latter Branch of Congress at the present session though these accounts Are rebutted by a vote up on the motion to Lay a Resolution from the committee on the judiciary declaring it inexpedient to act upon this subject this session upon the table. The Vole upon that motion was 118 affirmative to 81 negative which May be regarded As an evidence of a disposition in the House to take action upon the subject. Sec. 1. Enacts thai a uniform system of bankruptcy be established throughout the United states and that All persons owing Debrs who shall by petition setting Forth a list of his or their creditors the amount due each together with an inventory of his or their property of any kind verified by oath apply to the proper court for the Benefit of this act shall be deemed bankrupts and May be declared so by a decree of such court. All persons being merchants or retailers of merchandise All Bankers factors brokers underwriters or Marine insurers owing debts to the amount of not less than $2,000, shall be liable to become bankrupts and my upon a elision of one or More of their creditors to whom they owe not less than $500, be so declared in the following cases Lowil whenever each debtor shall depart the state of which he is an inhabitant with intent to defraud his creditors or shall procure himself to be arrested or have his goods amp a. Taken in execution or shall remove his goods amp a. Or conceal them to prevent their being levied on or make any fraudulent assignment or Sale of his lands goods amp a provided however any person so declared a bankrupt at the instance of a creditor May by petition to such court have a trial by jury to ascertain the fact of such bankruptcy. Sec. 2. Enacts that All future payments conveyances amp a made in contemplation of bankruptcy or for the purpose of giving any creditor an undue preference or any such payment or conveyance to any person not a creditor for a valuable consideration without notice shall be deemed void and a fraud upon this act and the Assignee under the bankruptcy shall be entitled to claim and sue for the same and the person making such unlawful preferences shall receive no discharge. And if it shall be made to appear to the court that in the Case of a voluntary bankrupt he has at any Lime Given or so cared any preference of one creditor Over another in contemplation of the passage of a bankrupt Law he shall not receive a discharge unless assented to by a majority in interest of those of his creditors not preferred. Nothing in this acl shall in any Way impair the rights of married women or minors or any liens mortgages amp a. Which May be valid by the Laws of the slates respectively and not inconsistent with the second and fifth Sec Lions of this act. Sec. 3. All property of every description of every person declared a bankrupt except As is hereinafter provided Liall be Piso Facto divested out of the bankrupt and the same shall be vested in such Assignee As shall be appointed by the court suits pending by the bankrupt a Liall be continued by the Assignee and no suit by or against an Assignee shall Abate by death of said Assignee. There shall be excepted from the provisions of this Section such necessary household and Kitchen furniture of the bankrupt As the Assignee shall designate having reference in the amount to the family and condition of the bankrupt but in no Case to exceed in value $300, and also the necessary wearing appar.3l�?on exception being taken to the determination of the Assignee the matter to be decided by the court St 4. Every bankrupt who shall comply faithfully with the provisions of this act shall unless a majority in number and value of his creditors who have proved their debts shall file their written dissent thereto be entitled to a full discharge from All his debts and a certificate thereof granted him such certificate however not to be granted until after 90 Days from the decree of bankruptcy nor until seventy Days notice is Given to All creditors and persons interested to appear and Shew cause Why such certificate should not be granted. Such bankrupt shall at All times be subject to examination orally or upon written interrogatories before such court on oath in All matters relating to such bankruptcy which Are necessary for the purposes of Justice. If in any Case of bankruptcy a majority in number and value of the creditors who shall have proved their debts shall at the Lime of hearing of the petition for a discharge file their written dissent to the allowance of a discharge and certificate to such bankrupt or if upon such hearing a discharge shall not be decreed to him he May demand a trial by jury upon a proper Issue to be directed by the court or he May Appeal from that decision to the circuit court. And if upon a full hearing it shall be found by the court or the jury that Llie bankrupt has in All things complied with the requisitions of this act the court shall decree his discharge. Sec. 5. Creditors coming in and proving their debts in the manner hereinafter prescribed shall be paid pro rata and no priority or preference shall be allowed of capt for debts due she United states and labourers in the service of the bankrupt when those of the latter shall not exceed $25. All creditors whose claims Are not due till a future Day shall have their present value ascertained and allowed. Sec. 6. The District court in every District shall have jurisdiction in All matters and proceedings arising under this acl the proceedings to be summary and the court always. The court to prescribe forms and rules for the regulation of proceedings and to prescribe a Tariff of fees. Sec. 7, All proceedings in q Case of bankruptcy shall take place in the District in which the bankrupt resided when his petition was filed and All proof of debts or other claims by creditors shall Blunder oath before such court or commissioner appointed thereby or before some disinterested state judge in such form As the court May direct. But such proof of debts shall be open to contestation. Sec. 8. The circuit court shall have concurrent jurisdiction with the District court of suits brought by the Assignee against persons claiming an Adverse interest or by such persons against the Assignee touching any property or rights of property of the bankrupt transferable to or vested in the Assignee All such suits barred after two years from the Date of the bankruptcy. Sec. 9, All sales transfers &c., by the Assignee of the bankrupt s property shall to made As ordered by the court All assets shall be paid into the court within sixty Days from the time of their receipt subject to the order of the court for their disposition and Bond shall be Given by the Assignee for the faithful discharge of his duties. Sec. 10. The court shall require the collections of assets to be made As speedily As the interests of the creditors will allow and a distribution of them to be made every six months and All proceedings shall to closed if practicable in two years. Sec 11. The Assignee shall have authority to redeem and discharge any mortgage Lien amp a. Upon any property and to tender a due performance of the conditions thereof and also to compound debts under the order or direction of the court and creditors shall have notice and be allowed to Shew cause Why such order or direction should not be passed Sec. 13. The proceedings in All cases of bankrupted shall be deemed matters of record but shall not be recorded at length. This Section also establishes certain fees to be charged by the officers. Sec. 14. This Section provides for cases in which two or More persons who Are partners in Trade become insolvent and directs the Assignee to distribute the proceeds of property joint and separate among their joint and separate creditors according to equitable rules in All respects except As it relates to the manner of distributing and disposing of the proceeds of the property of such partners the proceedings against then shall be the same As if had against one person alone. Sec. 15, prescribes the manner of constructing the deeds to be Given by the Assignee upon the Sale of any lands of the bankrupt. Sec. In confers upon the circuit court of the United states for the District of Columbia and upon the Superior courts of the territories All the jurisdiction Power &c., vested in the Dis Rich court of the United states in cases of bankruptcy. Sec. 17 prescribes the Lime when the act shall commence taking effect and the period of its duration. The slave Trade the vengeance of heaven on individuals is wisely in most instances put beyond human discovery. But fur , there is no judgment to come no great after reckoning makes All Salni Iglitz and vindicates the ways of god to Man. They must be punished Here and it might be neither difficult nor unproductive of the Best knowledge the Christian s Faith in the Ever waking and Resistless control of Providence to Trace the punishment of this enormous crime even in Europe. It was perhaps the slave Trade that lost a Merica to England and the crime was thus punished at its height and within View of Tjie spot where it was committed. The three great slave traders Whon it has been found impossible to persuade or restrain Are France Spain and Portugal. And in what circumstances Are the colonies now placed for whose Peculiar support this dreadful traffic was carried on France has lost St Domingo the finest Colony in the world and her colonial Trade is a cipher. Spain has lost All Portugal has lost All. Spanish America and the brazils Are severed from their old masters forever. And what have been the Especial calamities of the sovereigns of those countries they have been All three expatriated and the Only three. Other sovereigns have suffered temporarily evil under the chances of War but France Spain and Portugal have exhibited the Peculiar shame of three dynasties at once in exile the portugese flying across the sea to escape from an enemy in its capital and hide its head in a barbarian land the Spanish dethroned and sent to display its spectacle of mendicant and decrepit Royalty through Europe and the French doubly undone. The first eff Ort of Louis xviii., on his restoration was to re establish the slave Trade. Before twelve months were past he was flying for his life to the Protection of strangers on the second restoration the Trade was again renewed. All representations of its horrors aggravated As they now Are by the Lawless rapacity of the foreign traders were received with mock acquiescence and real scorn. And where Are the bourbons now and what is the peace or the Prosperity of the countries which have thus dipped their guilty gains in human miseries the three Are still centres of revolutionary terror a Portugal still covered with the wrecks of a civil War with a trembling throne a Jacobin Constitution and a broken people a Spain torn by faction and watching every gathering on her Hills As the signs of a tempest that May sweep the land from the pyrenees to the Ocean a and France in Tho first hearings of a mighty change which Man can no More d Fine than he can set limits to the heaving of an earthquake or the swell of a deluge. Other great objects and causes May have their share in those things but the facts Are before Mankind Croy s George in. understand from one of the passengers that the Steamboat de Witt Clinton on her passage from Albany while near Poughkeepsie at about 10 o clock on saturday night came in Contact with a Sloop which was so much injured that it sunk shortly afterwards. Our informant did not learn the name of the Sloop but understood that it was from . Y. Com. Adv. new monthly Magazine says Quot the Power of the journalist is immense. Experience enables us to assert confidently that 20,000 addresses printed separately and circulated Witti the utmost i energetic Diligence would not produce the Good effect of one we clip the following from the new Orleans bulletin but do not know who the generous would be donor is if i possessed the most valuable things in Tho world and were about to will them away the following would be my plan of distribution i would will to the whole world truth and Friendship which Are very scarce i would give an additional portion of truth to editors and lawyers traders and merchants. I would give to physicians skill and learning. To clergymen Zeal and disinterested piety. To lawyers merchants brokers Public officers amp a. Honesty. To old women Short tongues and legs. To Young women common sense Large , and natural feet. To servants obedience and honesty. To masters humanity. To Farmers punctuality and sobriety. To old men preparations for death. To Young sprouts or dandies Good sense Little Cash and hard work. To old maids Good tempers Little talk and suitable husbands. To old bachelors a love for virtue children and wives. The Best joke to have lately met with is to be found in the new York Neil Era of monday in which Tho Bill before Congress to make provision of paying in part the debt entailed upon the country by the last administration is called Quot a Law to create a National debt Quot we say to pay the debt Quot in part Quot for it is in part Only. The fourth instalment due to the states under the Deposit acl is As much a part of the debt created by that administration As even the floating Treasury notes for the Money to the a amount of nine millions of dollars was in the Treasury to pay that instalment when the last administration came into Power and would Havo been paid to the slates if the executive had not borrowed it for other purposes. It is yet due to the states and ought to be paid to them. Add that sum with the amount due to indians for their funds used by the general government for its own purposes and the outstanding and a ascertained debt of the Florida War and the amount of debt which the last administration has left to the whigs the duty of providing for will exceed thirty millions of intelligencer. A new were shown a ten Dollar note of Quot 7 a Bank of Brighton Massachusetts which we Are informed is a counterfeit and probably the first which has appeared on the Bank As none has been noticed in the it is represented to us As being Well calculated to deceive. The Public will be on their guard Aii a flirts will probably be made to extend this spurious circulation in the . To str. Quot hallo or. Ermine Man can Tye Stop your steam boat a minute or two Quot Quot Stop the boat what for a a wife wants to look at your boiler she s afraid of its

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