Iowa news. [volume] (Dubuque, Upper Mississippi Lead Mines, Wisconsin Territory) 1837-1841, 1838-05-05
NO. 49,.
polite.

The funeral obsequies Of the late IsKxc Mex
MN Were perfermed this morning in she Hall
ltof the House of RepresentatiyesssTh e pyoeAs<
sion proceeded 10 the railroad, depot, whers
the body was deposited in cars, TO Sc carried
to, the place Of sculpture in Baltimore. Z q
large number ofmembers proc eeded TO Bati<
more to join in the funeral ceremoniessin that
jcity. The authorities of baltimore, with a
large concoarse Of citizens, Joined in paying
the last mournini honors TO their late distin-
jguished Representatives. Globe. ~ sag
9a - 49, - IL 80 H. sad al
NICHOLAS acknowledgements. e,per.
4ceiye by some of the New York journals, dat
tsnce the, Boston banks, and many Of the Wes-
tern banks. lave instructed their delegates TO
unite with New York in the resumption of
specie payments and restoration Of business,
Mr.. Biddle has resortesl to new mode OF pre-.
vention. Threats and defiance have been turn-
ed to coaxing and wheedling. A peremplo,y
refusal TO fix day is no longer insisted upon,
I to leave all to the discretion Of the Philadel-
iphia financier and his great bank. Z The firm
and resolute stand, and the conclusive reasons
ing, of the New York bank committee in IA
vor Of resumption, and the unquestioned abill-
lty of the banks they representa- effect the OBJ
Iiect, has compelled Mr. Biddle to resort TO a
NV CApVuiShs w uO'CoS WIG AhcdSuics Ill all.
ticipation Of the meeting of the Bank Conyen-
tion onsthe 18th instant, he has despatched a.
gents TO various quarters, 10 press for d post
ponement until October next. Mr.. Cowperth.
waite, the cashier Of the Bank of the United
States, has, We learn, been despatched, to
hold. consultations in New York, and get up
petitions TO tho New York Legislature 10 give
the Governor discretionary power to extend
the relief law, so as 10 enable the New York
banks tolconply with Mr.. Biddle's supplica-
lions, without iorfeiting their charters. From
New York, after setting this scheme in mo-
ton, Mr.. Cowperthwaite has proceeded. TO
Boston, to persuade the political influences
and pecuniary interests Of that section again
10 mite with him in foiling the honest and up.
right intentions of the bankers Of New York,
which, has already operated fayorably for them,
in renewing the confidence, and drawing the
expectation Of the country upon them. sgfH,
Whether Mr.. Biddloi is actuated, in his pre-
sent effort to thwart the salu,ary movements
ofthe New York banks, by the overstrained
conditioned Of his bank, which has been en-
gagged in gigantic speculations, having theen-
grossment Of the cotton trade for their object,
and hence cannot resume, or fluids his political
and banking policy both promoted by the con-
fusion into which regularbusiness is thrown
by the state of the currency, is problem we
cannot solve. II is certain, however, that he,
and the leading politicians making common
cause with him, are urging an extraordinary
Struggle against resumption by the banks, and
the adoption Of any measure by Congress,
which shall give basis for the readjuslment
of all that has been thrown into disorder by
the abandonment ofspecie payments. To pro-
crastinate is the present policy--to temporizo
and make something Of political events, which
Mr.. Biddle hopes will put tina. powerin his
hands, which the decisive course Of the New
York banks threatens TO wrest from him, is his
last card.-.- Globe.