Richmond palladium. [volume] (Richmond, Wayne County, Ind.) 1831-1837, 1836-11-12

Tn Paxssuax-TBE MosEY MARkEr-
Tn Cunaxxcy.-The pressure in the mon
~ market still CONTINUES. Indeed it has
been more severely felt within the last fort
niaht than for months, before. We are told
that IN The early part Of last week good pa
per was freely offered in New York at three
pos cent. month for short periods. A thou
sand causes have been and continue to be
aseiRped for this condition Of things, most Of
winch, we venture to say, do not in the slight
ct degree affect the matter. The real eau
ses Of the existing pressure may be thus emu
Meratod.
The exc;tement 10 the public mind in rsla-
ton 70 the Bank Of the United States.
The political contest in relation TO the Pre-
Afdeut which has been in progress for the last
oiahs ~ ten months.
Tie Treasury order-and finally,
The disposition 20 very prevalent On the
pASt Of the money leaders, or capitalists Of
de land 70 exact IN usurious rate Of inter.
ost.
To theee causes, together with the general
dsrangsmsnt Of the currency, growing out Of
thsm, should b attr. buted the existing con-
lision Of things. We believe, moreover,
shat Tie heeds Of our government do not un-
Aersaead money and exchange matters sutti
aieot)y~ond that 10 their hostility to the
w. do not censule-Shey have overlooked the
great intsrsse Of the country. and produced
Iesulte that hey themselves deeply regret.
We ehall al)ud0 to this subject more nj
lenRth, and with more frankness, immediate
" after The Presidential contest, and in the
1oantius ~ invite attention to the following
from New York paper. 1t embraces some
sensible visws.--fBicknell.]
Tn4 MoxIY MAaxsr.--The pressure now
1e)t 10 The money market - in . degree artifi-
cial, and will abate with the termination OF
the Presidential election: nevertheless all the
di6lculties attendant on money negotiations
will not terminate that event; they are main.
y TO - ascribed to the tariff laws, which
make ;he people pay more money than i.
wanted Tor national purposes--tO the usury
laws, which enable their violators to WIRING
from the needy double the premiums 70,
which money would be obtained. If it could
b fairly brought into the money market. like
other cOmm.sdities-to the prevalence ~
private incorporatOns-to large loans on
and investuents in, the stock Of distant raj
roads, banks, and other Incorporation
The practice 81 contracting. in anticipation o
bank Recommendations to the want Of
nsssOna! currency, having tie same vaIu
everywhere.
The best remedy would be TO create a M
soUes cuS!cncys Sor which purpose nations
eanh should b established. and 10 olivia,
he constitutional objection, let the cons.i,r
liea - amended, or tho bank es,ablished !
Weshiaeson, with branrhes in such states :
win autfosise 10.
Az sxpsrisacs proves that no prciudici,
Political innuencs will attach 10 such an +
stteesSeo, (or example, look as rennsylvsn;,
q Ne present moment. No limit should 1
psaeed on The amount VI capital. no (Avori
I'm displayed IL the distribution Of tho s,oc
bit every man who had hundred dollars
put u should ~ MI times have q share, an
whenever he wished TO cell Il, h. should hoy
Asc .eoosy bach ~ Pav. No dividend u
Haid 70 ssnckholdsss who have not held the
e.ascs 70. three m"cths. aud oaly half q d.
soeed % thcso who have not hcld them I.
en @eothe. The stock 70 h IA Tel,
1aeses SeSoss h b entitled % 10 voted =.
end That hs'd by Seesigssss lot sss;sIci ,
~ We.