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

to be very elegant edifce. 1t was
erected at cost of about $1,000, en-
tirely at the expense Of Two of the orr
ginal proprietors Of the town, Morgan
L. Martin and Solomon Juneau, Esqrs
and presented as munifcent donation
to the county.-Green Bay Dem.
Z THE CALLED SESSION. day ap-
pointed by the President for the COM
mencement of the called session of Con-
gress, is the First Monday in September
being the 4th day of the month. We
state the fact thus distinctly because we
perceive that the day has been mistaken
in distant part of the country.-Nat.
Intel. 'A'
A public land sale takes place at La
porte, Indiana, on the 9th of October, by
order of the President. The sale is to
continue two weeks.
At a meeting of the merchants and
other citizens of Maumee City, held at
the Washington House, in pursuance of
previous notice, TO take some expedient
measures to prevent our being injured
by the circulation of uncurrent Bank
notes. The following proceedings were
had. @s tHOd 'ft uft
Hon II. Steele was called to the
chair, and Benjamin D. Coffin, appointed
Secretary.
On motion, it was ...
ReSolued, That the chairman appoint
a committee of five, to draft resolutions
and recommend measures to the meet
ing.
The chairman then appointed F. E.
Kirkland, Oscar White, Timothy Grit.
fifth, Owen Williams and James Howe,
such committee.
The committee retired, and after
short session, reported the following pre-
amble and resolutions.
Whereas, we have for long time
past, labored under the many grievous
disadvantages and vexations of de-
preciated paper currency, under the i'm
preston that the moneys to be expend-
ed by the state for the construction of
our canal, would at this time give us
currency, with which we should find no
difficulty in transacting our ordinary
business; and believing as we do, that
the notes of certain institutions have
been brought among us, by individuals
who have purchased them up at heavy
discount, and are endeavoring, by palm
ing them upon our canal contractors, 10
speculate upon the community in
manner that deserves the censure and
reprobation of all honorable men. There
fore be it
ResolUed, That we will not hereafter
receive, either for goods, or in the way
Of business of any nature, notes of the
banks of Clinton and Macomb county,
Michigan, at less discount than 25 per
cent
Resolved, That forth purpose of re-
storing the currency, to something like
a par standard, we will charge and ex-
act the following rates of discounts up
on Michigan Bank notes.
All notes Bankable in Ohio, par.
The Banks in Detroit and River Raj
sin Banknot Bankable in Ohio, pr cent.
Erie and Kalamazoo, per cent.
al Washtenaw and Monroe, no sale.
~ Clinton and Macomb county, 25 pr ct.
Y All other Michigan Banks, 10 pr ct.
Resolued, That we deem it expedient
to appoint a committee of three whose
duty it shall be to make weekly report
through the Maumee Express, of the
standard value of Michigan bank notes.
Resolved, That we will govern our
selves by such reports in all our monied
trasactions.
The reportbeing read was laid before
the meeting for their consideration.
Much conversational debate was had
upon the subject. The President of the
Clinton Bank appeared before the NEE
ting, and made such satisfactory expla-
nations, and statements oil the condition
of the bank, THAT with his assurance that
he had come prepared, and disposed to
take Clinton notes out of circulation in
this picinity--the meeting on motion.
Resolued, To lay over the report for
farther action, except the following res
olutions, which was adopted.
- Resolued, That we deem it expedient
to appoint committee of three, whose
duty it shall he to report weekly through
the Maumee Express, the standard val
ue Of Michigan Bank notes. 'la
The chairman having been called upon
toaappoint THAT committee, appointed
iMessfs.i White & Kirkland, Morehouse
e. D,.-..Ia. a.I 9 e. I Ii g.. /.