The Rhode-Island Republican. [volume] (Newport, R.I.) 1809-1841, 1837-06-07
MUNICIPAL.

of town officers, &c. was held in this place
yesterday morning at 10 o'clock-GEo. G
KING, Esq. Moderator. There was but lit
tie business of interest transacted we sub
Iioin what we consider the most important,
the rest, with list of officers appointed, we
shall give in our next.
The annual report of the Finance Com
mittee was read and received, by which it
appears that the current expenses of the
ensuing year are estimated at s Ia ,6lS ,95-
Resources S4,O66, 9. 1t was voted that a
tax of $4,000 be assessed; $1,000 Of
which was appropriated to repair streets
and highways; $4,000 for the support of
the poor and $500 for public schools.
| Trhe tax assessed last year was 1000.
John Easton, son of james, Henry
Gladding, James Hart, John Freeborn and
Simeon Hazard were admitted free.
The following persons were propounded
Christopher Fry, Joseph Sherman, Thom-
az Atwood, Albert Watson, Christopher
S. SOuthwick.
A vote passed appropriating the sum of
sevonty-fve dollars to defray the expense OF
celebrating the 4th of July. DIR. Thomas
p. MOORE, was appointed Orator OF the
day.
The following gentlemen were appointed
a Committee of Arrangements.
William B. Swan, Robert J. Taylor
John B. Weeden, Joseph B. Weaver, Jas.
Atkinson, Joseph G. Stevens, Edward T..
Allen, Thos. Stacey Jr., Edward Launders.
We are happy to be able to state, that
during the present distress and ruin which
has stalked through most of the towns and
cities of the Union, Newport has escaped
the storm; and although small decline of
business has been experienced, even that
has been more owing to what our citizens
have heard, than what they have felt. Our
manufactures, with the exception Of one
and that the smallest-are still in operation,
and n new one is now building, calculated
to drive 9 or 10000 spndles, with all the
other appendsges for making cotton cloth
No failures have taken place this season,
nor are any expected.
In the times which have passed, the pso-
pie of Newport confined their business op-
erations within their own pecuniary means,
aud did not launch on the precarious sea of
speculation. The banks in the town have
been able to supply the wants Of the people
here, besides affordng considerable aid to
those Of other places. We deem them
among the soundest in the country; and
doubt not, they will be able and willing to
stand by the side Of the foremost in resum-
ing specie payments. And if they continue
their connection with those banks who
are associated for the purpose Of redeemin g
their bills in Boston, all will be as well as
the present circumstances Of their case re-
quire.
1t will be proud era in the history of
this town, il she goes through this ordeal,
with her banks and bank paper unrivalled
and unquestioned; and her merchants,
manufacturers and traders sound and un-
suspected.
This town, since the last war, has been
gradually emerging from her then low
and almost hopeless condlion-wi,h slow,
but steady improvement in her circumstan-
ces. How has this been effected mot BY
splendid schemes, hazardous enterprises
and visionary speculations-but BY steady
industry, and rigid economy.
At the reques, Of several Of our subscri-
bers we have reinserted the communication
on Banks and Banking in Rhode Island,
which we published in our last paper. The
limited aumbsr VIC struck OF over our reg
ulsr list being insufficient to supply the de-