Herald of the times. [volume] (Newport, R.I.) 1830-1846, 1834-03-13

Vhhtdges oi sounu dno equai clrculat-
ing medium, which the country has hith-
eto enjoyed.-They do not, however,
deem il necessary to express any opin-
ion in regard to the present charter of
the Bank.
They respectfully pray, both with a
view to relief from present distress, and
the continuance Of sound currency
hereafter, that the Deposiies OF the Pub
lie Money be restored and, continue. 10
be made in the bank ofthe United States,
and that either the charter of the pres
ent Bank be renewed, or that apother he.
substituted, with such notifications and
under such restrictions, as experience
may sugg est And your memorialists,
as in duty bound, will ever pray.
Gov. Gibbs moved that the memorial
be adopted. ... Hsrsl. F'..
Mr.. Randolph moved that the meeting
proceed by ballot; that list Of all the
votes and names Of voters be laken; and
that the words "approre," or "not," be
the words used in voting.
Mr.. Bull did not calculate that every
man was to have his name recorded, but
if that was the understanding, he had no
objection. ,'.'
Mr.. RandoIph's motion was agreed to
without division. .
Previous to voting, Maj. Bull address
Ian tha ot dnr ral,
against the adoption of the memorial
His remarks were principally .re-itera-
ton Of the remarks he made at meet
ing held in this town a short time ago, an
account of which we published at the
time. He commenced as follows: .
! Mr.. moderator-As to the decision of
this meeting respecting this memorial, T,
either one way or the other, twill make
no difference to any body in this world
but to us. Although money may possi-
bly, be little scarce here Mt this time,
still there is nothing that looks like dis
tress in this community. Sir, said Mr..
Bull, should feel il myself as soon as
any one if it was so. Sir, speak from
experience. have had large sums o
money to pay lately, which had no irou
bie to raise. Sir, it is. only they whe
mismanoge their pecuniary concerns
that are pressed, and they are the only
ones who are making all the noise in the
country. Sir, do not believe that there
is distress any ,chsre, except among such
as i have named. Sir, there is more
money in the country now than there ev.
er was since the first white man put hi.
foot in it-there is more than ordinary
Sir, some would ascribe this pretended
distress to the removal of the deposites
but it is not so. 1t is the excitement tina,
makes money scarce. Sir, thought
that the freemen in this town had hereto
:. fore come 10 tho conclusion that it was
inerpedient to do any thing about thi.
matter. Sir, what is the necessity thai
the town ofNewport should do any thing
at all at this time; for my part, sir, l can.
not see the necessity. besides, sir
whoever heard of corporation, Of q
town in its corporate capacity, doing
such business as this-meeting for such
purpose as thiss l certainly never did
myself, nor do believe an instance can
be found. Sir, repeat, that the st tate
Of the money market here is nothing
alarming or distressing. Sir, isn't j,
time enough to complain and vent oul
loud laments when distress comes upor
us? Sir, what is the situation Of our towr
at this time 1t is the best day for the
town Of Newport that have ever lsnowr
since my emembrance.-Sr,w we never
: were more prosperous. Sir, look at youl
ships buiding-your meeting houses e.
q rectng, and other buildings going up ir
different parts Of the town-mechanic!
. are all employed, and contented. Shoult
: we complain then, sir, from contagion-
o because others complain : That there
n is distress growing out of this contagion
. | am perfectly willing to agree to, but i
is nothing compared to what is represent
ed. | ask then, sir, what is the use o
: this? Is there a man here who believe
: this memorial will gain US any friends a
8 Washington? ... ..sa
Maj. Bull then spoke of the public
works going on here-the great obliga
: tions we were under to Government, SC
: and continued ...
We are doing ourselves no good, sir
Who are the people that have got up thi
' excitement' 1t is got up by parce
of lazy, idle, lounging men, who hav
/, nothing else 10 do. Sir, but for thes
!. interested, lazy, idle, lounging men, VIII
get together TO make panics, there woul
be no distress. Sir, said Maj. Bull, Sc
such men here present at this meeting
l have had my eye upon them all winte
n have watched their movements, an
4 have observed how their chops have fal
len, when any favorable news arrived.