Vermont telegraph. [volume] (Brandon [Vt.]) 1828-1843, 1836-12-14

N AN0 hO IIS Ill W ISSuC VI I0-ISSu0
It's notes after the expiration of its charter,
cannot be denied, and that it could not
confer any such right on its substitute, any
more than exercise it ITSELF is equally
plain
In law and honesty, the notes of the
bank IN circulation, a, the expiration OF its
charter, should have been called in by
public advertisement, paid up as present
ed, and, together with those on hand, can
celled and destroyed
Their reissue is sanctioned BY no law,
and warranted by no necessity. If the
United States be responsible intheir stock
for the payment of these notes, their re-is-
sue, by the new corporation, for their
own profit. is a fraud on the government
lfthe United States is not responsible
then there is no legal responsibility in any
quarter, and it is fraud on the country
They are the redeemed notes of dissolv-
ed partnership, but, contrary to the wish
es OF the retiring partner, and without his
consent, are again re-issued aud circulat-
ed
It's the high and peculiar duty Of Con-
gress to decide whether any farther legis-
lation be necessary for the security ofthe
large amount of public property now held
and in use by the new bank, and for vim
dicating the rights of the government, and
compelling a speed Y and honest settle
ment with all the creditors ofthe cd bank.
public and private, or whether the subject
Fhall be left TO the power now possessed
by the executive and judiciary. 1t re-
mains to be seen whether the persons,
who, as managers of the old bank, under
took to control the government, retained
the public dividends, shut their doors up
on a committee of the House of Repre-
sentatives, and filled the country with
panic to accomplish their own sinister OBJ
JeCts, may now, as managers Of a new
bank. continue with impunity 10 flood the
country with a spurious currency, use the
their own profit, and refuse to the United
States all Information as to the present
condition of their own property. and the
prospect of recovering it into their own
possession.
The lessons taught by the Ban}, of the
United States cannot we'll be lost upon the
American people, They will take care
never again to places so tremendous pow
er in irresponsible hands, and it will be
fortunate if they seriously consider the
consequences which are likely to result
on smaller scale from the facility With
which corporate powers are granted BY
their state governments.
1t is believed that the law of the las.
session regulating the deposite banks, op-
crates GENEROUSLY and unjuStIy upon them
in many respects; and it is hoped that
Congress, on proper representation, will
adopt the notifications which are neces
sary 10 prevent this consequence.
The report ofthe Secretary of War, ad
interim, and the accompanying docu.
ments, all which are herewith laid before
you, viii! give you full view of the di.
versi6ed and important operations of tina
department during the past year.
The military movements rendered ne
f cessarv by the aggressions Of the hostif,
/ portions of the Seminole and Creek In
: dams, and by other circumstances, hav,
4 required the active employment Of nearl,
, our whole regular force, including tn,
r marine corps, and of large bodies of mill
S tia and volunteers With all these events
: so far as they were known at the seat O
= government before the termination of you
last session, you are already acquainted
l and it is therefore on V needful in thi
e place to lay before YOU Grief summary Q
r what has since occurred.
J The war with the Seminoles, durin!
t, the summer, was, on our part chilly con
t fined to the protection of our frontier set
Elements from the incursions of the enc
: my; and as a necessary and lmportan
= means for the accomplishment OF that enc
e TO the maintenance otthe posts previousl
n established. In the course of this duty
l. several actions too k place, in which tn
o bravery and discipline of both officers an
l. men were consplcuously displayed, an
r. which have deemed it proper TO motto,
IN respect to the former, by the grantin
IS Of brevet rank for gallant services in tn
10 field But as the force ofthe Indians wa
d not so far weakened by these partial su,
s. cesses as to lead them to submit, and q
lie their savage inroads were frequently n
n peated, early measures were taken fc
D. placing at the disposal of Gov. Gail, VII,
as commander IN chief Of the territori;
Of militia, had been temporarily investe
al with the command, an ample force, fc
re the purpose of resuming offensive opert
T. tlons, In the most efficient manner, so 500
as As the season should permit Major Ger
st eral Jesup was also directed, on the cor
e, cluslcn OF his duties IN the Creek countr
or to repair to Florida, and assume the con
le mand
I'd The result of the first movement mac
e, by the forces under the direction OF Go
~ Call, in October last, as detailed in the a.
er companying papers, excited much su
lT prise and diSannointment A full exnlaI