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Newspaper
Tarboro Press
Location
Tarboro, North Carolina, United States of America
Date
Aug 22, 1840
Page
2
Barboro announces presidential nominations by Democratic Republican State Rights factions. Unclear details and names incomplete. readers advised to await fuller report on party alignments and proposed ticket.
Early returns show the Federal Whig candidate elected governor with a Whig majority in the Legislature. The piece notes Morehead and Dudley margins in past districts, references Van Buren’s 1836 presidential lead, and predicts renewed effort in November amid Alabama results aligning with the Administration.
The report notes in Indiana the Federal Whigs have carried a majority in both the Legislature and the Governor’s office by an estimated 4000 plus votes. In Kentucky the Whigs also show increased majorities, with about 35 on joint ballot.
A reader notes Mr McKay's House speech and a table of imports exports from 1825 to 1839. It argues a National Bank inflated the banks and caused a balance of trade deficits, highlighting European risk and bank note misuse fueling speculation and public distress.
The piece argues against Whig claims that banks caused distress under various presidents and credits ongoing struggles to the National Bank. It cites Granville’s oration and attacks Van Buren, Jackson, and Harrison supporters, blaming bank policy for economic woes and urging readers to question the opposing view.
An editorial denounces the whig party as fictitious and hostile to Van Buren’s administration. It defends Van Buren’s handling of the bank crisis and credit collapse of 1837 1839, praises his restraint and adherence to constitutional protections, and condemns the whigs’ alleged anti southern, anti constitution stance while lauding New York banks for opposing the Regulator.
A political polemic argues that the national bank embodies fidelity and national credit while condemning alleged autocratic control by a financier. It warns of ruin, debt, and corporate misdeeds, accusing the Whig party of corruption and predicting further revelations in a forthcoming issue.
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