Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1834-04-21

The sir Million Loan-Governor Marcy's
bill mortgaging the state of New York, to
the amount of six millions of dollars, to sustain
the Safety Fund Banks, has become law
Whether or no the provisions of the bill will ever
be carried into effect is another matter not so
easily decided. The great mass of the people,
untrammelled with the collar of party regard
this measure with adherence, and instead OF
aiding will throw serious obstacles in the way.
Scrip may be issued, but it may well be ques-
toned whether, even with Governor Marcy's en-
dorsement it will command the necessary a,
mount of money. The N. Y. Daily Advertiser
says
we do not believe the history of election
eering, in all its varieties, either upon the large
or small scale, contains such device as that
above mentioned, to buy popularity from COM
munity. The faith of the State is to be pledged
10 the amount of six millions Of dollars TO up
hold monied institutions, which are the proper
y ofprivate individuals, to enable them to car
ryon their business upon a larger scale, to make
larger discounts, and to realize larger profits
which profits are for the exclusive benefit ofthe
stockholders. Having given to the propretors
Ofthe several banks, in this city and elsewhere,
what are called monopolies, by which they live
upon the industry of the community, and thus
make the rich richer and The poor poorer, +" they
are not content with the bestowment of these
exclusive privileges upon favored few, but
hey advance them millions of capital beyond
tnelr own means, and lend the credit of the
State to them, to enable them to increase their
profits to great extent. For all losses upon
ulsenormous State Debt, and indeed for the fl
aalredemption of the stock, the State is liable.
us then heavy debt fastened like milestone
round the neck ofthe State, for the payment of
which the property of the State, for that is what
meant by the credit ofthe State, is pledged;
saa hence the propriety of calling it MORT
n SI upon the property of the State.
.e TWO millions of this loan are to be disposed
VI N somewhat different manner, and the pro-
IuN IS OBVIOUSLY intended to operate more I'M
;neuiately upon individual interests, and feel
Sss; This sum of money is to be put into the
, gaaus oil partizans throughout the state; and
Ns as VIII be faithfully applied to the promotion
=. party views, and the success of party mea-
O,es no person acquainted with the political
o SS.Ierns and the characters of the politicians
me state, will for moment be at loss TO
hI Ssluilhe In order to make the matter dou-
msn Vu'e, and to take away the shew OF induce
6s thu 70 De cautious, as it regards security for
The eventual payment of these individual loans,
o. u counties are made responsible. Ia 9TH
arono. bodies polite, who have no controlling
N S,on.y over the distributions, and who have no
crs;.' eSl IN them are made endorserS for the Sc
nersS. VI money, lent without their agency, to
and 1U Jus as the case may be, in whose integrity
tence ''y uicy "ouiu 'ia'e Ao oo''--
Do, mat large proportion of money lent un-
Aro Sucn Circumstances, for such objects, and
naII Ssa the medium ofsuch agencies, will even
VIM oe lost and of course that the counties
bv ~. &c under the necessity of making provision
Din" Aauon for the payment of it, cannot, we
vance, aGmit OF doubt. AT any rate, the adj
Die G. VI millions of dollars to relieve the peo-
SOM, u na the consequences of General Jack
~ &c experiment" upon the credit and curren-
Snhs of its existence IS an I important tar con st
a'iOn to the public"
With -. e.-This distinguished American artist
t,rn =. MS family, embarked yesterday on his re-
Europe, where, we believe, it is his pur-