Maumee express. [volume] (Maumee City, Ohio) 1837-1838, 1837-08-26

10 i'lio Va oii PioioO' uO ooi'O
document observes, "that had the Di-
rectors of the Bank been as well inform
ed Of the solvency of the American mer-
chants as they now are, they never would
have suffered the three bankers to have
stopped" ta
Many of the Americans who had drawn
on credits of 30, so and 10000 pounds
sterling, had already made good their
bills. Thus it appears that at last Brit
ish capitalists had opened their eyes to
the fact, that the Americans were not
only able, but willing to pay their hon
est debts. The evil, however, has been
done by the failures of the American
bankers. The bill holders in the manu-
featuring districts had been broken up,
the manufactures stopped, and thou
sands thrown out of employ, all Of which,
or large portion, would have been pre-
vented had the Bank sustained those
houses one week longer.
The London Morning Chronicle in al
luding to the large importation Of Amer
ican cotton into Great Britain, pays high
compliments 10 the good faith of our
merchants. "They are continually
says the Chronicle, " RENTING specie
in considerable amounts, obtained un-
der most disadvantageous and ruinous
terms, to sustain their credit in England
"a mode of payment, be it remember
ed, that no one has right to exact from
a country which did not contract its
debt in that medium. To any one con-
versant with mercantile affairs, it must
be quite obvious that it would be just as
impracticAble for any country to which
G2O,OOO,OOO, or G3O,OOO,OOO of mer-
chandise were exported by England, to
remit for the same in specie, as it would
be for the Bank of England to meet its
outstanding abilities in the current coin
of the realm or bullion. Such an amount
must be disbursed in the same medium
in which the debt was originally con-
tracted, that is, merchandise, or by the
barter of the staple produce of that coun-
try for the manufacture OF this; hence
the propriety of the Americans suspend
ing cash payments during panic like
the one which has recently occurred,
there being in no country specie cores
ponding in amount with its internal ana
foreign obligations. Is it not, then, most
unjust and unmerciful-contrary to all
usage and in all probability to express
agreement-to call upon the American
as it were at moments
notice, to liquidate their accounts, when
perhaps the bank of the manufactures
have only Just been exported from the
country, to be sold in America at cre-
dit, perhaps, of 8, 6, or 9 months, and
the proceeds returned in cotton or other
produce of the United States ?"
The CIVIL WAR IN SpA1N.-Within
the last four years there have been 2ll4
between the Christmas
and Calists, in Spain in which 3I4, ,I5s
men have been killed. The cause of this
bloody civil war in that country is un-
known to many of the people in the
United States as are the horrors and
bloodshed with which it has been atten-
ded. An account of its origin we give
as follows:
According to the ancient laws of SPAN
women could inherit the throne as well
as men. The old family being extinct
about the beginning of the last century,
The crown was bestowed upon French
prince, of the House Bourbon, and the
he Salique law adopted as part of the
new settlement.-The late King Fer
linand married in his old age the Fourth
Or fifth time) young princess of Naples {
BY whom he was very anxious to have
! son, to whom he might transmit the
;rown. The fruit Of the marriage pro-
wing a daughter, he hastily collected to-
yether a mock Cortez, partly by force,
partly by persuasion, partly by bribery,
uduced them TO alter the organic law Of
.he kingdom in favor of the young prin-
cess, thus excluding by a degree made
expressly for the occasion, his brother,
who was the rightful heir. This was
SO obviously unjust, as being selfish Vi
olation d the very tenure by which the
family occupies the throne, that popular
discomfort, soon after the death Of the
old King broke out in open resistance.
Don Carlos was banished from the king
dom, but soon returned and put himself
at the head Of the supporters Of his
cause.
His ,partizans comprise the hardy
ofthe Basque provinces,
while all the adherents Of the existing
Government embrace the population Of
The more fertile provinces Of the south.