Constitutional Whig. [volume] (Richmond, Va.) 1824-1832, 1829-06-09
8ise SsaalnIs tsits anal al $40.

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hing Iicta !. y - 9, "a
sBASx iitu he board Of Directors Sosfhe
.fiadc Dis,rist tshc at Roag.lkSepse eise notice
ti.rt The of times great Us 10 iadnca
si,eta To- suspend their y.cEts and elost biis
il oil tke balik. The tinas OF tie ihstiiut in snre TO
he applied, say they, to tile payieht of lis dehts
md osiateinent OF t'ies affairs Is be made out in
q few days. : 5fs,.sstT "a -
n statement frsm the agents ofthe New Haven
Eagle Bank appeared ia tie connecticut ta,ess
The inashteIpc.sn of the bss;.is about $4,000 ol-
lars ass its hput 5o 600 besides abont
goo 0nJ joi!s,s in,baa debt wilic!, sui. probnby
mover he worth a tlar s'he COMMITTEES say that
stbe tact that ofthe Judges of the Sn5rer.
Eo.srt are iDtirastea the sss.cers of ie bank.
lad caused III business before the Court
svzs ti were unable To say when the conccriiw will
ia closed ,a,a.5 ~ 8 n. - 5 Il 80 y -
This ;ssie second Bank fsaufo in Rev sspsis.rin
The lapse Of month. It's Lot j.sss tthey who
have caused The and :ars of so many,
s0ilid In turn experience the esil. Turn aid turn
tSohts is fair play. But, corporation according to
lord Coke, having no sosi, Is TO feared, that full
Eeiridpton does not orera.se banks, even when BY
sihc pressure of the times, they cotapelledt to
slop payment. Cromwelltold Lord Kilnbotou, that
It would net bs well for England, until there was
NIGER Peer Lord in the realm. VIVA; the aris-
soctscy Is 10 England, the banks in our ccunrya
rnwcr, separate and apart rorlthe pew er of the peo
PIE It win not be we'll FOR the States Until there
Is never a bank il them. III
sa,spIe Of tho esti,ss and sg,apQtd of banks. Is
lately furnished in Georgia, The Sayannah Mereu
fy,s thus speaks of the case:
zinc last III cdgepiiie papers state, that the Cen
raj Bark will commence operations on the i8th Of
l,,ne next. The Statesman says tiat notes tothe
anrolnt of eight hHnlircd thousand dollars has a,rea
So been received Cor discount. SO there can be no
DOUBT but the institution viii soon get rid ills cash
Who's her thsss ate aco!ecliye body or the PEG.
pie Individually, will be benefited by the emission,
Is another question. Much viii depend upon that
class ofspeoPse who accommodated with loans.
hut, according TO the rules adopted by the Direc-
tors for the government of the Eank The note of
pefsen who is Judgment debts against him. will be
refused, whatever may be the character ur credit
Of the security offered. That il, The person whose
property about ia DE sold Under execution for less
ian half its yahic, cannot relieve it By borrowing
from this Bank. although he offer tie most unGosbt.
ed security, Consequently this Bank will not ai,ofd
any beef people debt, or labofl;rg under en-
endorsements But IL will rather increase their tk
fcaties. Bec,nse will place in the hands Of a f
gaping individuals, all extensive flnd for the pir,
poses of oppression. the. Statssrna,, mentions a
circumstancc the facts of which had become public
IN individual of Greene county had applied for loan
at the Central Bata and had already maze arrange
ments with his embarrassed neighbors re-loan it
slut among them, at the rate OF 20 to25 per cent
md such cases, we have nc: doubt, viii be found
: to he nimcfens. 49,
To the individual in debt it will be seen the Bank
can afford no relief HIS properly must be sold to
payhfs debts. But twill enable the gripping specula-
tor 10 buy it up. o. quarter half its value
by giving, therefore, q impulse to the spirit of
speculation and cnptdiy. it viii increase the diff
culties OF tc poorer classes, ana place hem more
completely IN ile power oe their wealthy neigh
bufs.e }s6
! The neo Treasurer The new Treasurer of the
.. States late energetic Councillor of State
,lohn Campbell, entered upon the discharge of MS
duties the LIST ;ist. We cannot help thinking
how very kappy the Councillor must be- and our PHI
hHtbropy is SD much gritel in lie contemplation
almost 20 reconcile us to the extreme mproprictv
Of Clarke's removal, and bis appointment. The
terrible scratch, and the terrible convention
roth escaped! three thousand year! nothing to do
nut to sign his name eight or ten umes dayi the
b,xurics of the Metropolis all spread out to the wa
terng MONTH and the dear and inestniabic privilege
OF calling upon and looking at the Hero, without let,
Or molestatiop! Verify, some men are born with
. silver spoons in their mouths. Councillor Campbell
Upon whomfrtune has raincd all these blessings at
once, really seems to have patent right to feed out
of the public crib. For some twelve or fifteen wears
ne was Councillor of State in Virginia, and in all
that time we dare 20 say that the public service ne
Yer cost lhaf days labor, or nights uneasiness
Becoming at the epd of tfs tinic, Chat Is 10 saw
when the Conrcilis pronounced an incubus by the
people] great advocate for rotation IN o1ficc te
public when they were looking out for bis CONFORMING
his practice to Ills Professions find him translated 10
new Office Of treble emelamcnt, and PERMANENT
nature. Isthat your rotation, Mr, Treasurer
All tiIis is bad. Maj. Campbell Is a respectable
man, but ao did not deserve tIa Office when ti.ou
sands Of old and unproydcd public servants were tc
be found through the country. There sno adapta
ton IN thc claims and Qualifications of the man, to thu
dignity ard emoument of the office. The .oppoint
nrtrt wants symmetry and proportions. On the other
hand, the prescription Of Mr.. Clarke to make way oi
man 50 entirely nndeseyviug public favor, on nc.
count Of any pnblc services, was to the last degree