Newspaper of Burlington Free Press, June 2, 1837, Page 2

Newspaper of Burlington Free Press dated June 2, 1837 Page 2
Text content (automatically generated)

SPEECH OF Mn. WEHiTEIt, at wimr.i.iMi, (va.) Jlr. Chairman and Fellow Citizens i I cnnnol bu indiflbreiit to tin1 tnntiilbs'n linns of regard with winch I hnvn linen rrceicd by yon, nor can I suffer nny show of delicacy to prevent inn from expressing my thanks for your kindnoss. I travel, gentlemen, for thu purpose of seeing t tin country, mid of seeing wlml con stitutes lliu important pnrt of every cum try lliu People. I llnd every where much to excite, und much tojjrnlify ndiuirtnion ; nnd the pleasure I experience is only di. uiinisliod hy rcincmborino; the iiiipnmllclcd Mntc ol di-trcss which I havo left behind mo, and the apprehensions, rather than the feeling, of sever evils, which I find to ex ist wherever I go. I cannot cnnhle tlinso who have not wit nessed it, to comprehend the full extent ol the suffering in the Eastern citrrje. ll was painful, indeed, to behold it. So ninny bankruptcies mining great and small deal ers, bo 'much properly sacrificed, so many industrious men altogether broken up in their business, so many fnniilies reduced from competence to wnnt. Ko ninny hopes crushed, so ninny hnppy prcepecls forever clouded, and such fearful looking for still greater calamities, all form such n uia-s of evil as 1 hail never expected to tec. ex. cept as the result of war, a pestilence, or sonic other external calamity. I have no wish, in the present state of things, nor should I have, indeed, if the state ofthings was different, lo obtrude the expression of political sentiments on biicIi of my fellow citizens as I may Imp rcn to meet ; nor on the other hand, have I any motive for concealing them, or sup pressing their epxres.-ion. whenever others desire that I should make them known. Indeed, on tho great topics thiit now on gage public attention, I hope I muy flatter myself that my opinions arc already kimvn, "Recent evift. have not. at all surprised me, except that they have come sooner anil faster than I had anticipated. Hut, though not surprised, I am ufllictod ; I feel any thing but pleasure in this early fulfilment of my own prediction?. Much injury isdono which the wisest future counsels can nev er repair, and much more that can never be remedied but by snob counsels and by the lapse of time. ' From 1U32 to iIhj pre pent moment I have foreseen this result. I may safely sny I have foreseen it because I have presented and proclaimed its ap proach in every important discussion and debate in the public body of which I nm a member. In 1 032 1 happened to meet with a citizen of Wheeling, now present who has this day reminded mc of what I then anticipated, as the result of I in; meas ures winch the Administration appeared to be forming in regard lo tho currency. In the summer of the next ycur ( tf!3J) I was here, and suggested to friends what I knew to be resolved upon by the Exec utive, viz. the lemoval of thu depositcs, which was announced two moi'ths after wards. That was the avowed and de clined commencement of tho "Experi ment." You know, gentlemen, the oblo quy then and since cast upon those of 119 who opposed this "experiment." lou know that we havo been called bank n cents, bank advocates, hank hirelings. You know that it has been a thousand limes said that tho experiment worked ad inirably, that nothing could do butler, that it wns'lhe highest possible evidence of the 1 political wisdom and sagacity of iis con trivers ; and none opposed it or doubted its rfiiciency but the wicked or the stupid. Well, gentlemen, here is the cud, if ibis is Iho end, of this notablo "experiment." Its singular wisdom has come to this its fine workings have wrought uul an almost gun. cral Bankruptcy. Its lofly promises, its grandeur, its flash, cs, that throw oilier men's sense and un derstanding back into the shade, where are they now ? Here is the "fine of fines and the recovery of recoveries." Its pun ics. its scoffs, its iccr.-, its ieate its gibcc nt all former experience its cry of "a new policv," which was so much to delight and astonish mankind. To this conclusion has it come at last : "Hut ycstcrday,il Mood against tho world, "Now lies it there, and none to poor lo do it reverence." Ilis with no feelings of boasting or tri umph, it is with no disposition to arrogate superior wisdom or discernment but it is morlilication, wuu numiuaiion, wn,u uu ufi'eclcd grief and ofiliclion, that I contem nlato the condition of difficulty and dis tress to which this country, so vigorous, so great, so enterprising, and so rich internal weullh, has been brought bylhc policy of her Government. MVo learn to. day that most oflho East ern banks have stopped payment, deposile banks as well as others. J he experiment has exploded. That bubble, which so ma ny of us have all along regarded as the (ifTspring of conceit. presumption, and polit ical quackery, has burst, a general sus pension of payment must bo lliu result ; u result which has come, even sooner than was predicted. Where is now thai belter currency that was promised? Where is tliut specie circulation ? Where arc lliosc runees of ('old and silver, winch were to fill thu Treasury of tho Government well as tho pockets of the People? Has tho Government u single hard dollar? Has tho Treasury any thing in tho world but credit and depositcs in banks that have already Kusnunded uaymcnl ? How are public creditors now to bo paid in specie? How ore the depositcs, which tho law re quires to be made with the State on the 1st ol July, now to lie made? Wo must go back to thu beginning, mid take n now start. Every step in our financial and banking system 6IHC0 luo-nas ncen a falsa btnp. It has been n step which conducted us fur thnr and furthor from tho path of safety. Tho discontinuance of thu national bank tho illegal removal of tho depositcs, the accumulation of tho public revenue, in banks Kolecied by tho Exicutivo, and for a long tuno subject to no legal regulation or restraint, and finally tho unauthorized nnd illegal Treasury order, havo brought us whoro wo arc. Tho destruction of tho national bank was thu signul for the crca lion of an unprecedented number of now Stato banks, some ol them with more ills proportionato, and even more nominal capital than iho nulional hunk hud posses sed. The banks lyinj; under no restraint If oin tho Gcuoi.7r(J.voriim.!iil, or nny of its institution, issued paper 'corresponding bank, it will bo laid to thu 'rcbn..t8, it to their own sense of their imuiedinto in- i will he laid lo tho manufacturers, it wil. he terosis and hopes ofgain; iho .lopo.ito with laid to the tarifi, it will bo laid to the north the Sliilo bank-", of thu whole public rev eiiue, Iheu accumulated I" a vast amount, nnd making (his deposilu without nny k-I gal restraint or cunt ml whatever, increased both Iho power and disposition of these banks for extensivo issues. In lliat, the Government seenn to have administered every provocation In tho Inuks, to induce iheui lo extend their circulation. It uni f'ormly, zenlously, and biiccesslully opposed the laud bill, a most uselul measure by which accumulation in tho Treasury would havu been prevented ; and. ns if it destrud and sought this . accumulation, it finally resisted, with all its puwor, thu deposite among the Sinies. It is advanced as a reason for I he present overthrow, that an extraordinary spirit of speculation has been manifested, particularly and strongly in tho endeavor lo purchasu I ho public InniW; but has not every acl of lliu Gov ernment directly encouraged this spirit? It accumulated revenue which il did not need, all of which it loft in tho deposite banks. Tho banks had money to lend, and there were enough who wore ready lo borrow, for iho purpose of purchasing thu public lands at Government prices. The public Treasury was thus made thu great and efficient means of effecting those pur chases which havu since been so much de nounced as extravagant speculation nnd extensive monopoly. These purchasers borrowed the public money; they used the public money to buy lliu public ; the speculated on tho strength of the pub. lie money: and while all this was going on, and every man saw it, tho Administration resisted 'to thu utmost of its power every attempt la withdraw ibis money from the banks and from thu hands of those specula lors, and distribute il among tho People to whom it belong' d, If there has been ovorlradiii"'. Iho Government has encour aged il; if there has been rash speculation in lliu public lauds, tho Government has furni-hed the means out of thu Treasury. These unprecedented sales of the public domain were boasted of as prools ot a hop nv slate ofthings, and of n wise adminis tration of the Government, down to the moment when Congress, in opposition to ExecHtivo wishes, passed tho distribution law, thus withdrawing the surolus revenue from the deposite banks. The success of that measure compelled u change in Hie Executive policy, as the accumulation of a vust amount of money in the Treasury was no longer desirable. This is thu mo.-l favorable motive to which I can ascribe tho Treasury order of July. Il is now said that that order was issued for thu pur. pose of enforcing a strict execution of the law which forbids thu allowance of credits upon purchases of thu public lands, but there was no such credit allow-d before; not on hour bryond the time of sale. In this respect thu order produces no difi'ur enco whatever. Its only effect is to re quire immediate payment in specie, whore a-, bofoie. an immediate payment in the bills of specie-paying banks was demanded There is no more credit in the onu case than in the other; nnd the Government gels jusl as much specie in one caso as in iho other; for no sooner is tho specie, which the purchaser is compelled lo pro cure, often nt great charge, paid lo thu receiver, than H is sunt lo the deposite banks, and the Government has credit fur it on the books of the bank; but the specie itself is again sold by the bank, or disposed of as it sees fit. It is evident that the Government gets nothing by oil this, though the purchasers, and especially the purchasers, of small tracts, aru put to great trouble and expense. No onu gains any thing but the banks and iho brokers. It is moreover, most true, that tho art of man could not have devised a plan moro effectu ally to give lb' lurgo purchasers or specula tors o decided preference and advantage over small purchasers, who purchased fur actual settlement, than tho Treasury order of July, l!!3C. The Moppagn oflho bank's however, has now placed the actual settler in n still more unfortunate situation. How is ho to obtain money to pay for his quur tcr section? Hu nuial travel three or four limes as many iniie-i for it ns ho has dollars to pay, even if ho should be able lo obtain it at the cud of i hut journey. 1 will not sny that other causes, both nt homo and abroad, havu not had an agency in bringing about the present derangement. I know thut credits have been used beyond all former example; thai il is probable the spirit of trade has been loo highly excited;' that the pursuit of business may havu been pressed too fiibl and too far. AH this 1 am ready to ndmit. Hut, instead of doing any thing lo ahatu its tendency, our Govern ment has been the prime instrument of lbs luring and encouraging it. It has purled voluntarily, and by advice, with all control over thu actual currency of tho country. Ii has given a free and full scope lo iho spirit of hanking ; it has aided Iho spirit of speculation with iho public treasure; and il bus dune nil Ibis in tho midst of luud. sounding pronnsos-of an exclusive specie medium, nnd a professed detestuliun of all banking institutions. It is in vain, therefore, to sny that thu present state of nfiuirs is owing, not to the acts of Government, but to other causes, over which thu Government had no control. Much ofn i.v owing to the course oflho National Government ; and what is not so, lo causes tho operation of which Govern ment was hound, in duly, to usu all its legal powers to control. Is there no intelligent man in the comtnii nit y, at ibis moment, who believes that if iho Hunk of thu United States had been continued; if tho depositcs had not been removed; if Iho specie circular had not been issued, tho financial affairs of tho country would have been in as bnd n stato us they now nro? When eorloiu consequences nro repentedly depicted and foretold, from par ticular causes; when thu inunmr in winch these cnuqiieuccs will bo produced is pre cisely pointed out, beforehand; and when the consequences come in tho manner Ibro luld, who will stand up and declare thai, notwithstanding all this, there is no conucx. j ton hot ween thu cause nnd the consequence, I and that nil these nro ntlributublo to sonic i other cuiises, nobody knows what? No doubl we shall hear every cause hut the true ones, nssignud fur tho present dis tress, ll will bu laid to the Opposition n jond out of ConBrpHH. Il will bo Inlil In the sinr. or to the innliL'ii iulltiencu of thu last comet , whose tail swept near or across inu orbit of our earlh, before wo shall bo allow ed to ascribe it to lis just, main causes a tampering with the currency, and on attempt to stretch Executive power over a suhjeel nut cnntitulionulty loulan us reach. Wu have heard, gentlemen, of iho sus pension of BiiuiQ of thu Eastern banks only; but I lear tho same coursu must be adopted by all tho banks throughout the country. Thu United .-Vales lliiiik, now .i mere State institution with no public depositcs, no aid from Gove iiment, but, on thu con trary, long an object of bitter persecution by it, was, at our latest advices, si ill firm, lint can wu expect of that bank to make sacrificed lo continue specie payment ? ll ll continue to do so. now the ileposilo banks have stopped, the Government will draw from it its last dollar, if it can do so, in or der to keep up a pretence of making its own payments in specie. I shall be glad if this institution find it prudent and proper lo hold out j but as it owes no moro duly to the Government than any ollior bank, and, of coursu much less I ban tho deposite banks', I cannot sec any ground for deman ding from il efforts and sacrifices to favor thu (1 jverninent, which those holding the public money, and owing duly to the Gov ernment, are unwilling or unable to make; nor do I sec how the New England banks can stand alone in tho general crush. I believe thoso in Massachusetts are very sound, and entirely solvent I havu every confidence in their ability to pay; and I shall rejoice if, amidst the present wreck, wu find them ablu to wil Inland the storm; but at the same lima I confess I shall "not be disappointed if they, seoiur no public ob. jret to be attained, proportioned to the pri vale loss, anil individual sacrifice and ruin, which mu-l result from thu means uoeessa. ry to enable them lo hold out, should not bo distinguished from their idoulhcrn and Western neighbors. I believe, gentlemen, the "experiment" miisl go through. 1 believe every part and portion of our country will have n sat-1 isfaciorv taaio of thu "heller currency." I i believe we shall bo blessed again with the) currency of lUI'J, when money was the only uncnrreiit species of properly. We have, amidst nil thu distress that, surrounds us, men in and out of power, who condemn a National Hank, in every form, maintain the efficacy nnd efficiency of Slate banks for domestic exchange, and, amidst all the suf fering and terrors ol' thu "experiment," cry out, that 1 1 ip y aru establishing "a heller purrcuey." Thu "expo iincnt" the expor intent upon what? Tho experiment ofone man upon the happiness, the well. being, and, 1 may almost say, upon tho lives of twelve millions ol human beings. An "ox periuiPiil" that found us in hcalih, that found us with the best currency upon the face of the earlh, the samu from lliu North to the Sou) h, from Huston lo St. Louis, equalling silver or gold in any part of our Union, and possessing tho unlimited confi dence of the European Powers and people, and leaves us crushed, ruipod, without means at homo and without credit abroad. This word "experiment" appears likely to get into no enviable notoriety. It may probably bo held, in future, lo signify any thing which is ton excruciating to bo borne like a pang of the rheumatism, or uu ex traordinary l vv i n i o of iho gout. Indeed, from lliu experience wu now have, we may 'judge that lliu bad eminence of the Inquisi lion may be superseded bv it, and if one shall bo hereafier stretched upon thu rack, or broken on thu wheel, it may be said, while all his bonus aru cracking, nil his muscles 'napping, all his veins nre pouring, thai he is only pas-ing into a hotter stale through thu delightful process of on 1 exper. imcnt." Gentlemen, yon will naturally ask, whore is this to end, and what to be the remedy ? These nre question-) of uiouieniuous impor tance, but probably the proper moment has not come for considering tin--. Wo are yet in tho midst of the whirlwind, and scarcely ablu to hold our hats on. Every man's thoughts are turned to his own immediate prescrnviiiiun. When the blast isovuraud wu have breathing time, the country must take ibis subject, this nil imporlnnt subject of relief lor thu present, and security for the luiure, into its most serious considera tion. It will undoubtedly first engage the attention and wisdom of Congress. 1 1 will enll on public men, entrusted with public allairs, to lay aside parly and private prcf ureuccs and prejudices, mid unite in the great work of redeeming thu country Iron) tins state of disaster and disgrace. All that 1 menu nt present to say, gentleman, is, that iho Government of the United States stands chargeable, in tny opinion, with n gross dereliction from duty in leawng the currency of ihu country entirely at the morcy of others ; without hooking to exer cise over it any control whulevcr. The means of exercising t his control rests in the wisdom of Congress, but the duty I hold to be imperative. Il is a power that cannot be yielded to others with safety lo itself or to them. It might ns well give up thu jiower of making peace or war to the States, and leave tho lwenty-si" independent sov ereignties lo select their own foes, raise their own troop?, and conclude iheir own tonus of pence. It might as well leave tho Stales lo impose their own duties, reg ulalo thuir own icrim and treaties of cum mercc, us lo give up all control over Iho currency, in which all are interested. Tho present Government has been in ope. ration forty. eight yrurs. During forty of these forty eight cars we huvu hod u'uo- lional islilulioii pcrlormiug the duties of a fiscal agent to Iho Government, and exer cising u most useful control over the do mestic exchange, and over the currency of tho country. Tho first institution wus chnrturcd on tho ground that such an in stitution wasi.ciMwii'i to Ihu safe and econ omical administration of ihu Tronsury De partment in thu collect inn u mi disburse uienlH of its revenue. Thu experience of tho New Government bnd clearly proved Us necessity. At Hint time, however, thoro were those who doubted the newer of Congress, un der the provisions of tho Constitution, to incorporate a bank ; hut a majority ot I'lio mail of that day laiilil advice of m.tus-pension. both Houses 'were of a dtllcrenl opinion, President Washington sanctioned the measure, nnd, among those who doubled, I of must weight and consideration in Ihu country, and whoso opinions were nun tied to Hie higbusl degree of refpect, yield- Led lo Iho opinion of Congress anil the count ry, nnd considered ll a settled (pies lion. Among tho-'o who first doubled of the power of thu Government was one whose name should never bo mentioned without respect and veneration, one for whom I can say 1 fuel as high n veneration as one man can or ought to feel for another, olio who was inlimnlcly associated with nil thu fentnres of the Conslilutiuii, Mr. Mndi son ; yet, when Congress Juid derided on ihu measure, by large majorities, when the President had approved it , when the judi eial tribunals had saucHiiued il, when pub lie opinion hud deliberately ami decidedly confimed it,ic looked on the subject as definitely and finally settled. Tho reason ers of our day think otherwise. No deci sion, no public Ennclion, no judgment of thu tribunals is allowed to wuigli against their own respect for their own opinions. Thov rush to tho argument n to lliat of a new (iiicslioii, despising all but that of their own unclouded sagacity, and careless of the venerable living and of the mighty (lend. They poise Ibis important question upon some small points of their own slen der logic, and decide il. on the strength of their own unintelligible metaphysics. II never colors into all Iheir thoughts that this is n question to be judged of on broad, comprehensive, and prnuttcul grou ids . still less does il occur totliom that an exposi lion of the Constitution, conteinporaneou- with its earliest existence, acted on for nearly half n centurv. in which "lie ori mil framurs and government ofiicurs of the highest note concurred, ought to have any weight in their decision, or inspiru them with the least doubt of the accuracy and soundness of their own opinions. Thcv soar so high in tho regions of self-respect as lo be far bevoud the reach of all 6iich considerations. For sound views upon the subject of a national bank, I would commend you, gen tlemen.loiho messages of Mr. Madison, and lo his letter on the subject. They arc thu views of u truly great man and a slates man. As the first Hank of Iho United States had its origin in necessity, so had the second ; nnd, although there was something of misfortune, and certainly something of ini-niauagoiuonl in its early enreer, no cn nt id aud intelligent man can for a mo ment doubi or deny its usefulness, or that it fully accomplished ihu object for which it was created. Exchanges, during all thr In'ur years of its existence, wore easily effected, and u currency the most uniform of any in the world existed throughout ihu country. The opponents of these institu tions did not deny that general prosperity and a happv state of things existed at the 1 1 inu t hoy wero in operation, but continued (hat equal prosperity would exist without tin m, while specie would take the place of their issues as n circulating medium. Mow have their words been verified.' Huih in the case of thu first bank and that of the last, (( general suvntmion of specie pay ments, hai happened in nlmul a year from the lime they xverc xiijfcrcd lo crpirc, and a universal confusion and distrust prevailed. The first hank expired in till I, and all the Slate banks south of New England slopped payment in ItJI'J. the charier of the laic bank expired in March, IU3G, and in May. lu,;7. a like distrust, and a ItUu suspension by the state banks, lakes place. The sumo results, wo may readily sup pose, aru all rtuuiablo lo lliu same causes and wu must, look to the experience and wisdom of the People and ol Congrcs- lo apply thu requisilo remedy- I will not the only remedy is a N.idoual Hunk, but I wtjl say that, in my opinion, thu only suro remedy for the evils that now prey upon us is the assumption, by the delegates of the People in tho National lioveruuient of somo lawful control over the finances of the nation, and a power of regulating its currency. Gentlemen, allow me again to expre my I hanks for the kindnes- von havo shown mu this day, und, in conclusion, lo nssun you that, though n representative in ihu ruderul Government of but a small section when compared with the vust territory that acknowledges allegiance to that Govern nient, I shall never forgot thai 1 nm a cling lor thu weal or wo of Ihu wlmlu country nnd, so far us 1 urn capublu, will pledge myself impartially lo usu every exertion lor thut country V welfare. From lliu Cl.uciiiunl H.i"lc A Fact. A singe passenger tool breakfast the oilier morning ut a tavern between this plnce and I'oslou, and handed the landlord a five dollar nolo of the U. S. Hank, which hu took, after eyeing ihu "rug" very closely, nnd bunded tho gen tleinan back four dollars in bills anil a fifty cent piece. The traveller took Muge nguiu, nnd hr.d proceeded ten or twelve miles, when iho landlord rnino up on horse, brick, with Iho U. S. Hank nolo in his baud "'Taint n good 'uu there's a dis count often per coot.'1 "Well, how much shnll I give you?" said the traveller. "Four dollars ami a hull, replied the incon sidcruto landlord, n good Jackson man by iho wny. Four and a half! Agreed--hand me the bill." Ho then handed tho landlord tho sumo four dollars and u half hu had that morning taken from him, und pocketing his U. S. Hank lull, proceeded on Ins journey, lie thus gut his breakfast gratis, without breaking a five dollar note that commands a premium in many places, uuil is nl pnr every where. Sally Hnzzoll f Now Hampton, N. II., was committed to jail in Dover on the Uih iust, charged with having murdered Eliza Pnitio Dollnll', u child iiiuu years of nge, by hanging her by tho neck wuh n leal her strap, having previuiuly taken her from u neighboring house. Cioaus: When first, used in thu United States. It appears from the Kiilijoincd advertisement, copied from an old Huston newspaper, thut cigars first camu into Cush ion hcronbiiui iho ycur 1759. Drought from Havana, a box of Cigars, a very lure arliclo ! The best of lobueco rolled up tu the sizn'ofn small linger, and ofubuul live inches in kngili for snaking. They nre preferred by the Spanish Duns i to thu pipe Those who wish to enjoy enjoy j such n luxury, will please rail nnd try them Oct IC, 1700. Wm. Stockton. Skduction am) Munor.ii. Tho India. mini, published til Cmirlcslnu, Indiana, states that tin individual named Colo, fur morly a resident of that county, succeeded in obtaining a prumiso from a young girl, whose parents live near Now Lexington. in that Statu, to elopu wuh him. They proceeded on their way to Vernon, where hu became vorv much intoxicated, and seating himself and Ins vieiiui on a log by the way side, he deliberately drew a knife from jiis bosom, and plunged it in her breast. With' one scream, lliat brought Iho neigh bors to the spot, she expired. Tho mur dcrcr instantly llud. Tho iudcuticul ship in which Captain Cook circumnavigated thu Globe is now lying ul Now York. She was originally called the Endeavour ; bnl niter passing through many scenes nnd changes, now goes by thu iinuiu of I he Jlcubcim, and belling-' lo Antwerp, whence she has arrived at Nuw York with n cargo of rye. V II I I) A Y M O It N I N G, J U N V. 2. Mn. Wkiistiui's Si'ur.on at Wheeling, will be read will) interest by all. Il is one of his happiest efibrts. lie touches upon tho present statu of the times the sad in telligence of tho beginning of which, so fur as regards tho moiiicd institutions of tho country, had but just reached him nnd delineates in his own mnsiely manner, the causes that have led to tho embarrass motits and distresses thai so heavily press this once prosperous land. More than three years ago, tho const- picnccs ol the illegal tnt(;rlurnnco ol the Executive with the money of the People and the currency of the country wero fore told by all who had either acquired know! edg or practical exnereiice t ) ennhl.- them by the aid of common souso, to infer ihnl which would be from llnil which had been. Wu havequoted from the Speeches of several distinguished Mcmbcrtol' Co. rcss pa-saireg predicting, almost lo tie letter, what has cotnclo pa.-s. To Ihote quotations let us add the following speech of Mr. Adams, delivered in the House ofllepre scnlatives on thu I7ih ol March. IU31. "I say this wuh the more confidence, Mr. Speaker, because we havu been i.ild 'that Ihu expornueiil mu.-t und sha 'ho made. Among the empirics of furnn 'days, it was an ndmitled maxim, that ex. 'pernnenls (lungerou lo human life ui"h to bo made only upon worthless h'mlir-s. 'bodies. Hvpcrimcnliim in corpora vili. Sir, who can think, without n thrill, of an experiment on Iho life-blood of I In- Ainer iciiii People. Sir. tho experiment ha hcen made, and ninth; under eircuin-tnn "ces far more favorable lo success, nnd 'more calculated to brenk the blow which 'must full upon Iho commerce and credr of thu country, than those which are now impending over us. And what were the 'conscquenct s ?. An enormous miilti. plication of local banks tho suspeiwion. 'almo-t un.vesal, ofspocie paymen s -ll ,od upon Hoods of piper trashtender law, 'relief la ws slop laws old and new courls 'insolvency bankruptcy tho verge of 'of civil war ihu iusiit'uliou of n" new Hank of the United Stales, wuh a capital 'of thirty live million-! instead often. Sir. I hove slimmed up in as few words as 1 'jould, thu known results of this gra id experiment, ihu la-l Hint; it was made. 'And it wn with u view to aver! Ih" repe til ion of those calumnies, and llio r. cur 'rencu ol others yet heuvtor, thut the En-'gi-lnturo of Massachusetts foresee will be 'Ihu nun voidable consequences of ihn ex 'pertinent, thut they have udoptud ihese res olutions." Governor Hitner has issued a very manly nnd sensible proclamation, in which he assigns his reasons for not convoking tin Legislature of Pennsj Ivania. The reasons in brief uru embodied in the lolluwing ex tract: Heenusoiho evils under which the people of this Commonwealth labor, have not been produced hy I he agency of I he Govern menl of ibis Stale, bul mainly by the unneces-ary ami unauihorisud interference of Hie General Government, wuh the cur rency ami iimiued transactions of the coun try; and. therefore, thu constituted uuihor ilius of Pennsylvania, cannot now, liv any active measures, arrest, or malerially mil i -gnto the misfortune, relief from winch must coma from thu samu source with the injury. 0"The men omployad in Ihu govcrnmriii Ship Yards ut Philadelphia, instructed by Ihoir employers that Gold ami Silver was, Ihu National Currency, refused to rrcehu their pay in Paper; whereupon the Secre tary of iho navy ordered lilt in to bu dis' charged and Ihu yards closed ! So much for thu hum-bug ! Tho Government teach the people that paper money is bul "icoit las rugs" and then discharges them for refusing lo receive it in lieu of "A HET TER CURRENCY !" "Pr.nifii Cnrnrr Pkuisii Commkuci;." This wus iho inoilo which tho Spoils parly inscribed on iheir banner, during their war ngnilisl tho currency. Their object wus political succession, nnd in the puisuit, every public interest wus lo be sacrificed. They did succeed, and Credit nnd Commerce arc perishing. Politicians rise, but tho People sink. Tho puriy prospers, but iho country polishes. Tho wheels of Government are arrested Cred it hns perished nnd Commerce is perishing. Manufactures languish, enterprise is purn lised, industry seeks in vain for employment, "and all the' machinery of busy life standi ttilt." Thosouroiho logiiiuialo fruits of! unsgovcrniucnt. Such evi's us we now endure could have sprung from no other source in rcsr A uoiiulry like ours, nboiiiidinif in rusoorcis. wuh an active, vigorous nnd otiwnro population, count only havu been arrested in Us career by t Ins acts of lis Government. The misery all sprim's from one soiirce. The Ulliccrs of Govern ment hnve become iho master ins cad of the servants of the Paoplo. They govern for thoui'-blvos, leaving Ihu Cnuniry and the People lo their fair. There is but one remedy. The People must exert, their prerogative 1 hey must iiicmsuivcs bo coinu masters. They must risu and pros tralo I hose who, "poiwuing power, have for g ul riv;ht." ID Where is the Seventy M illions of Dol lars in Specie winch the Government boas ted of having collected by its wisdom nnd foresight ? Where are tho "Mint Drops." thut were lo refresh I hu land? Whuro are Iho "yellow boys" thut worn to "ehinu through liiu interstices ul our silken pur ses ?" Wo ask where? nnd echo answers, whore?" (LrTho Hunk of England suspended specie payments, by order of the Privy Council, on Iho 'JGlh of February, 1790, nnd did not resume until the 1st of May Itl'Ji), having been virtually insolvent for twenty six years, during nearly the entire period of the Honaparteau wars. NHW YOIIIC MAIlKIVr. I'lour 'I'hcf li.ivti Ijt'fii Mime cli.iimcs in the in.uUol, but on lliu ulmlu il li,i. clo?ctl innrh s it flood dm urck. Wi-mmi euininun lirnndj 0 G2 si 9 75 ; mid f.incv 9 75 a 10 ; New .Yink and I itiv in.-pccliim S i.i n 9 ; Uloo, 0 ;i 9 f)0 J (Ico- muii, 10 Jj , Kicliiiiuntl Cuv, 9 u ll fin, Com, -1 25. (r)-(im I licit! lias 1 moil n cnntl ilcil done in fiiici"i) v.IiimI : al nmuli! sale., full 20 000 bu-li- vU have been suld ul i ulc-i viuyinu from 115 to 100 fur prime ii.oreN ; in no die salts h,tc sil.-u liccn largo, lull 20,000 bii-hulj sulci ul all rales, bum 75 i i S5 ceiils. J'rnvminnn Jlr.-s Pork has ik-clinrtl full 25 cla Sa les of inc.-s nl lit a 20 ; prime; 13,50 a 1 1 No tli.iiio in tictf; llains 11 1.2a 12. Wool No sales n.akin ; ncai ly n tus. pen-inn of all liusiiics in this itiiicle. Uncun ciU JIuncy All r.Micni fiiml-i mo in tint! It'iiite, anil si-ll al lu.-s int"ie.-l til. in any mil. ur tli'.-tn ipnon tn oaiiK nines al e him) muni al I ,z .ercenl, ulucli is much inure l.itur.iole than thcv ,.l(! Ill-l'll. T Jlr. lUUtnr While luokini? out jour paper of la-t wit'k, I nli-erwd n iiioilui-lititi pri-li'iidlii" In hen of die uiilliuisliip of ilia slunt i-Ut-uh nf " I'tt ili;;li!," luilili-hctl une utck sinre. II, til Mint pioiliiclinii liei'n il pietendtil In he, to muiiiilu uilli it Ii .( 1 hern no court-1 u of m'iut! ; liul ns 1 1 in I'li-I is odienvisc, I ilet'iu il din: lo ju-il ire, mill lo nn 'cll, in y i t ll a ii.-.-inn' notice. I utinlil pii-mi-u liimcsei; :i: Hie tailscl, I nm nut ii'.miit lo eult-r lite fils of newspaper emiiin. ur-y "ill) jour sriiitiu Ktiricspuuilrui, iiml ol r.oui.-e shall mil no! ice unv n-plv uliirli, in llii-pleniintli- of Ilis wstlnin, bono fide 1) may lieie nl'iei lit: ilea.-e,l lu make. I t-iinfe.-s I nm il lilllt- (-mimic to know llie mi. linn's iniiliu! in i;uiii' Mich a piece lo dir. ptihhe. lie t'liyn lie did it "m disclaim pielen-itnis lu put' lu," ami Innv t leailj lie krpl hi- end in vieiv, is -uliiriontlj t wilcnl. U hat lie saj ol ")t! Mow. Inn" an I "Dnliln," nnil "Ancient Pistol," nnd die inei us mi l tli-niei ils of die "rciilimriiis" and "l.inijuae" ofilii! ptieltj inriileiilally to la noe, as lit! would il tet-ni InuUs wry like "tj.. clauuim: pit-ieu-ieiH lo pnt'lry. I!m :h liis pnr- piiat: is a hulilcn on, I Hiall only ulauce at hat euni-ei n-mj-n lf. He rtnne upon me somewhat enwicU fur append'ni;,' lilt: lir-U Irller ul" his uaiiie lo a few lini's til u ptiblii-lied in 1 1 to (nun nfpoelij. Tint llit-ii- ruiilil be any lliing tuiininal in licit, 1 eeitainlv was nut; antl wcie I Inoulil lo ni'iii il tiial, I iuidil will) itt !'t-cl ,-iu-rriitv Miy nidi Citcio, " llos is u new .n cn-.ttioo , anil In file tinlieaid of." I li.ul m the hnne-ny of mylieail Miiitis"d dial I pn.-srs.-ed .1 moial anil le'.tl liidit i'i pnl an tingle Inter al i lie liutlom uf nny piece 1 initio u i-h in puliln-h. I u;i. uiureti-lernli-ini In dunk ihu aninn mun-i wriieis ueie in i hi: Ii dm cif ii-in-j stunt- link- latitude in litis iivpcct. N'euliiT did I know lie fine licit nny one til' ihe lui leis uf (lit l',n;li-li alplialiei ,n die erli;sio iep. i e-( mat ie of any pai ticular name. I rlnmlil iheic I'liiti plead not guilty, on die scute of ijieiinnre, uliich in tin-" ins I .i tut! nulii lo he uf some mail, if I) ueie not in le.ilii' I lit- initial of my nun name. Ami liuw due- jonr cut i e.-ptnulrnl know Inu it is? Is In- tiiiie sine thai af-cr nil, llie pour I) may not aeieil Inuii'-ilv in this bii-.ine.--s in sinin his nun initial, i-iure in-tead of tlnt.e, iicroitlin to lion i Ii It-IJ's ai i'hini-ne, iheie uie sninc rii-lit or len in I ho "lucal lialniatinn" lie (-peaks uf, hIiu Iiuu- naines li"!iniiin widi thai teller. Now .Mr, IMitnr, inu'd diis inatur ho grilled, I leave il to jmii' nun, anil the fjooil .-cn;e uf your i eatleis to il -eiile, if ii lie not iinjii-l, a well us initccinU, in lihn thus ul.iiiinnlv in accuse any one. of pilliiiii1,' Ids initial, anil lo bclrav as intirli rtnirti il tlietefoi-, us if mil onlv his uliolo. name ll ul heen plunilri cil, hut liim.-ell also kid. napped, ll is po-.-ihle, Imueier, ucine lo nrcnimt fur Ids CMieme scn-ilive ic.-s uu till head fi mn ll) 1 fat'l llirtt ho cnuceiws Mime peculiar sane HIV atlai-lit'd to lln lclU-1 I), since it i-', in (oiiuntm u nil ill. il of lus ou n, i Ihi initial uf ihe name of one oilier itnpmlanl peonae, antl rrgo nut to he Ii illetl u idi, II'mi, peili.tps cume upultigj is duu lo die feeling nl' buna fule I). Ofihe t-iiln i-m ili-elf, 1 i,iu little lo i-ny ; hut die manner of Us appeal im; dc.eiw-i u lillle' alien Iiuu. Wu find our di?cluimri, pi nfe-i-in;,' not It) enn ti-e, t'niiiiii;' iui in in inui'li nl (lit- ciiciini-iance ami literal) enu-eipienee ufan lMinhuili icncucr, anil in u g.iih of Mieakoii hnny, making a suit of p.iiiloniiiiiii: ilipla powers. This is In la-uu e a new ineiliud of lay in sii irniies, and il may uul he amiss fur us in pioptiit! dial its in wiitur obtain fur it a patent, lliat ilius his mind may he in mine device nl leart, he ieliectl uf Ihe fear uf ilinse unlive Itiiks, uhith lie H'Ciih so much id th end. IIh hlitiulei ing Iiuu cut, liete as Melius el.ewlieie, is inipaitl'inalile, fur like a good ci ilie, lie fliunld l.nuw Itu is In rurreel, In fuio lie (umuifiii'cs his attack. I!ut in iliis ease hu k ems not lu havu dine lliis, and ronci!icnily, itl.ileatl nl'slioolin to effect, il is quito iuipu;ililu in innsi in.-taures, lu dirfiicr that lie has done ceeutit)ii an) wheie. 1 will not liie ihe palicnce til utii- icailt'id hy puiuliui: out all his enuis. tine Mifiit-c. lie h ijs, "die iiitiinlui:tioii ofiuenioiy also, ju-l ulici dial of loe, Sic," Now, as ilirro is no inentitin uliateri', made uf love picwmis lo what is i-aid of ineiiitu y, wu aie i-umpelletl lo con elntle, eillier wdliilU' in caielrrsly, hu Inu inisiriic.-entetl, fc eliarity hitls us decide die filler. In conclusion, I caiinul lot hear cniiialukitin join-r.iiiespunilent on his Mieee-s in his ile.-peiato atiempts al wii ; ami ns lie h'ciih lo he a lad pans, in the main, I would ju-l ailvi.-eliim, when next lit) tliall wieltllliu dagrr of crilici-in, In runiu uul openly in his own iippiopi iani cli. u, icier, in Mead uf Im king iihntil in i-raich of uppoi itiniliej lu j;iio us side and hack duusts, which acconlinK Itiiiur notion is no manly mode uf uaifaie. And since ns ei 1 liutl no yuotl leasoii fur lining oilier wise, I t-lii II again iim! my old slguatiiie, ulheil my ;uiit fi ieiitl rceius lo liaie a difielirli fur a "funiliaiiiv" sti "cliift." U. U. V. M. May 27, 1837. Pocket Hook and iMonoy Lost, BET WE P.N Iho Limekiln of. Mr Doan, on Iho llinusburgh road, and Iho Court House squ.iro. a calfskin Wullol. cuntainiiit; fifty five dollars and a half four ten and two live dollar bills on ihu Fanners and Median iuks liuul;, uuo live dollar hill on Hi, Albann bank, nnd uuu half tlullar uf Amurit'un coin, Whoovor may havo found said money, bhull ho entitled to Ten Dollars, by leaving the samu nl tho Post Ollieu in this village, JOHN VAN SICKLEN Jr.

Other pages from this issue: