Herald of the times. [volume] (Newport, R.I.) 1830-1846, 1838-12-13

a felony to be visited by severe and
ignominious punishments. The SORT OF
public officers the Country has been
blessed with for the last eight or nine
years, must we think, have satisfied
every body of the cxpediency and ne.
cessity of such law. We hope the
recommendation OF the President VIII
be speedily complied with, by the
enactment of such law as he requests:
If enacted, its impartial execution would
soon fill our penitentiaries win Loco
Foco defaulters. =.
The President next proceeds to dis
course a quantity Of nonsense on inc
connexion between the Governments
and the banks a connection, which IN
ordinary times is u matter OF very tri-
fling consequence any way, apart from
the advantage which the Government
derives from having its funds securely
kept, and cheaply transferred ana
which only grew some lew years o:cA
to be matter of great temporary I'M
portanco by reason OF the iinnlchso
sums of surplus revenue, which the fato
administration accumulated and held,
as party fund and for party purposes.
After some terrible desperate stabs al
the banks, Mr.. Van Buren WINDS up
however, with a most explicit declara-
ton of his friendship and affection i"r
those institutions, when properly
managed that is, no doubt, wneh
so managed as to be the tools and IN
strumcnts of accomplishing Mr.. Van
Buren's political schemes, as was the
case with the New York safety fund
banking system, under his management,
TO which he alludes with much apparent
complaccncy, and as he doubtless lnr
tended should have been tho case with
his unfortunate pet bank system!
The friends Of the banking system
and the credit system may be ready to-
believe that Mr.. Van Buren, IS not
personally" hostile to those great In
struments Of our prosperity but can
he undertake to answer for his friends,
Calhoun and Benton; or for those great
champions of his policy, Morris and
Allen Of Ohio, and Frances Wright
Darusmont of New York |? The Loco
Focos have raised the cry against alE
banks, all credit, and all paper and
past experience may serve to show u.s..
that they are quite rs likely to make an
instrument of Mr.. Van Burcn, as he is'
to make tools Of them.
Next comes the standing dish Of cant
on the subject Of our Indian policy
We shall expose its rottenness on some
future opportunity.
After some few, and rather indefinite
observations upon the Navy and the
Post Office Department, the President
concludes with disquisition upon tho
late case of Stockton and Stokes n.
cainst Amos Kendall from which, it
may be concluded, among other things,
that the officials in the City of WASH
ington, are excessively Mortified at tho
idea of a power existing any where to
compel them to perform their duty.
From the N. Y. Courier & Enquirer ofFrday last.
THE CUSTOM HOUSE AGAIN
MORE DEFALCATIONS.
Immediately after the departure of
the steamer Liverpool yesterday morn
ing, it was rumored that WILLIAM M.
Price, Esq. the U. S. District Attor-
ncy for the Southern District of New
York, had taken passage in her, and
that he was largely a DEFAULTER to the
Government. OF his departure there
can be no doubt; and it is equally evi-
dent from his letter to the President Of
the United States, that he is a d.taulier
but relies upon his fees of Office to COW
er the amount Of his defalcation. In
this we have no confidence. Corrnp-
lion has been the order Of the day; and
we verify believe that if the records at
Washington arc not destroyed before
an Investigation can be had by Wing
Committee Of Congress, it will appear
that the detalcations under the admins
trations Of ANDREW JACKSON and MAR
TIN VAN BUREN exceed tmeniy millions
Of dollars.
Another and a mother =!