Herald of the times. [volume] (Newport, R.I.) 1830-1846, 1837-06-22
WHOLE NO. 367.
a licrican Institute.

AT meeting Of the American Institute of
the City ot New York, held NJ Clinton HALL.
in said city, OF IN 18Th dag of May le37,--
II was
Resolved, lat. That the present condition.
of our conmerclal community generally ~
that of the most painful embarrassment, and
that the distress IL rapidly extending To all
the other occupations and departments oi pro-
ductive industry, and that thousands of our
most industrious and useful citz, - have beeir
disn ,sed by their employers. aud thrr VIA
gcs, the sole reliance for their daily food their
clothing and habltntinns, have wi hin II lew
days been enIrcly cni "f.
I'd. That It is Of vita! importance, .thattbe'
causes of tins wide. spread distress stonlG B0
enrly and fully understood, so that remedies,
as far as pracilcabr may be provided for cx-
istlng evils, and prcvcnivcs To guard against
future evils.
Sd. That,in the opinion of this Institute, the
multitude Of discordant views promnlealedt
IN relation To- the calis g nf or present dis
astrons conditions, have led Ia popular crrurs,
that have in u mC aSnrr turned tl," public mind
from the accommodating debt in favor of tor
ci9n natIons which the repeal of countervnill-
my protective duties has sw"ird against rs,
which Is now pressing on "nr banks, and in
capacitating them from administering r'lirk
to their suffering onsl omerS.
4ih. That the only way to correct the pnh.
lie mind, and resiure c. ntidrnc". regularity.
and prosperity, u by the dissemination ot!
correct knowlrdg" among the people, rs tv
the prominent causes of our embarrassment,
and by producing general corcert ot actioiH
in applying suitable renn,d.s.
.J'h. II ras Resnir,d, Tina, G. neral Com.
vcntlon or representatives from all the pr,-
dnctivc portions of our country, without dis
llDction of parties, for the purpusc of a tulp
and candid exchange Of scnlin-nls, and r
thorough investigation of cause aud effect
aud concert in action, would ;ratly conduce'
toa favorable state of thing, aud, it is hoped.
hereafter may prevent the recurrence Of those
evils with which VIC are now vl,ited and that
II be recommended, that the said convention
be held in Philadelphia, in tho state of Penu-
Sylvauia on the first Tuesday of August, Is-
81, at 10 o'clock, \. NJ, and iha, it consist Of
business men, selected from the prodnciivr
classes, and that they continue, by adJUarn-.
mcnt to meet until the desired object be AZ
tanned.
9th. II rns further Resolrcd, That, as the
American Institute was incorporated to en.-
courage agriculture, commerce, mnnufact~
urcs. and the artA, IN this state and the UNI
ted States, it is peculiarly appropriate, that 10
should recommend and forward such meas
nres as are calculated to advance the grcnt
interests of industry, and preds|e asonnd and
healthy state Of things; and especially ~ oo~
ra.Ions like the present., when the banks ac-
knowledge their inability to supply tho re-
quisic circulating medium. and every occu-
patton Is experiencing the most intense sui
iering.
9Th. n cas .,f:~%y TcsoIped. That, in order
10 render this convention effective, and pro-
cure full representation Of business men,
delegates be invited from all the states-the
cotton growing as well as the grain growing,
manufacturing, and commercal--from cities,
counties, towns, and agricultural societies.
Incorporated manufacturing a nd mechunVss--
socntions, as well as rail roadNnnd canal COM
panies, and that committee be appointed.
on behalf of this Institute, to consult with the
friends of national industry, and solicit the
concurrence Of all those friendly to the fore
going objects; and that meetings be held sr
an early day, to elect delegates to respond
to this recommendations and that suitable pa
pers be prepared add published, in order tar
give pHblici,y to the convention and r's OBJ
jrcis, und to impress on all interested the ne
ccssity of general attendance, concert, and
cooperation.
F, JAMES TALLMADGE, President
! Edwin WILLIAMS, Recording Secretary.
/ T.B. WAkEaAN, Corresponding Secretary.
G~ Editors Of newspapers, Sc, friendly
to the cause Of national industry, thrOnghout
the United States, will oblige the Institute.
by giving the foregoing one or more nser-
tons.