Richmond Indiana palladium. [volume] (Richmond, Ind.) 1837-1839, 1837-11-18

money rose at once TO an agio, or premium above
the current coin. This premium varied from
time to time. II may be looked upon rs nearly
equal TO, and generally ~ representing the aver
age depreciation Of the coin below its nom
inal value.
"The Bank Of Amsterdam, after its first essab-
hshment, admitted no new subscribers; but il .old
hank money to all who wished to purchase, at q
premium varying with the market price. kal-
50 sold current coin, when it was needed Cor ex-
portation, upon receiving an equivalent transfer
Of bank mney. 1t received coin and bullion ur-
on deposit % the following terms. When the
coin or bullion Gas deposited, q certain sum of
bank money was transferred to the account of
the deposito:, equiv aicnt to the current value Of
the coin or the mint price of the bullion, with a
small deduction varying according to circumstan-
ces. At the same time receipt was issucd 10
the dePositor emitting him or any bearer, to with
draw the coin or bullion from the bank, at anv
time within six months from the date Of the re-
ceipt, first transferring to the bank the same sum
Of bank money which had becn granted to the de-
position, and pay ing commission for the keeping
OF quarter per cent for coin and silver bullion
and one half percent. for gold bullion. II the dc.
post was not demanded within six months, il be-
came the property of the bank.
The profits Of the bank made by these
commissioners, and by the premium it obtained
IL
made loans; and therein differed essentially
from modern banks, 1t protested to keep in
its vaults sum Of coin and bullion, equivalent to
the whole amount Of bank money in existence.
Such univ ersalIy believed 20 be tho fact
though according to that foolish system Of secrc-
OF the affairs Of the bank were kept q profound
secret from all but the magistrates. who were a
sor. Of sehperpetuating ol,garchv.
From the N. Y. Cour. & Enquirer, Nov. 9.
UNEXPECTED TRIUMPH-"Glory Enough
-Neu York Regencrased!
The great contest is over; the cause Of Primo j.
pies, has triumphed the Majesty Of the Laws
has been indicated tho People have rallied in
defence Of the Constitution and Institutions Of
the country: and Van Burenism and all its in
famous allies are Frustrated forever. The People;
/ the deceN ed and oppressed, but honest and pa,ri
otto People--have risen in their might and prov
cd their devotion to the great legacy of our Rev
oiu'lonary sircs by giving the most gnal rebakc
to their oppressors this their strong hold, that
has ever been known in our country. Here in
! New Iork--,he Head Quarters Of the Tammany
Party--the Citadel of Van Burcnisrn. the very
centre of his influence, power and corruption
here, whence have e;nanated the vile schemes
which have checked the prosperity and Frustrated
the industry of the whole countrv-hcrc, where
the hand IT the oppressor has been most severely
feit and where he has impndcntly boasted tina;
he was i'm ulncrabic, he has been defeated by n
, majority of than TWO THOUSAND
EIGHT HUNDRED votes, and as New Workers
We have the unDingled satisfaction Of proclaim
: ing that the great Commercial Metropolis of the
country has nobly done its. duty.
Yes, fellow citizens of tho United States, W.
i have responded to your call--we have been mind
I ful OF our obligations to the oountrv--and we ar
y enabled to proclaim that Van Burenism and Lo
! co Focoism dead and buried. Tamman,
= went into mourning before 9o'cock last evening
: and It will be many n day before she will OK
change the spirit of heaviness for The garment q
praise. The Coalition is in the dust. The cit'
zens of New York have followed the democrac,
= of Numbers. The citadel of the Crown ha
been RACED to its foundation. The tower Of III
Regency is crumblcd. The dominion Of Agrnri
nnlsm and Monopoly IS broken up. The shackle
struck from the limbs of mighty citv--an
once more she stands erect and rcgcnerateM
:. Rejoice with us, Wings Of the Union! in OF
;. rescue from the bondage under which hav
- long groaned. We cannot but feel that ii is
:, ca"se for universal j rbi!ce. The eyes Of d
= whole country have been turned towards Iii
: city. Mr.. Van Buren, regarded Il his lar
. hope. Defeat here he knows is the death Of IN
administration.
His par,izans consider it from Maine to Lon
+ isana The rufian dynasty which has SO Ion.
: lorded II over the land, is pro.tratc-fnrevcr.
, must resign the spit septre which it 50 long bran
: fished as scourgc and curse over the country
Better days arc in prospect Tor all :avs ofhonc,
and salutry legislation Of a sound Currency,
= prosperous Commerce. and the successful pros
:; cnton Ct humble Industry anc elevated entc
. prise.