davidaulloa/AmericanStories huggingface dataset:
The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1838-06-12

The Egyptian Obelisk, Of Luxor, now erected in
the place de la Concorde, Paris, is not to have
metallic cap placed on il but to be lett IN is natural
state. M Champcllion Figeac has reiued the erro-
neous idea entertained OF this obelis and other SINH
lar monuments having had metallic cappings in their
original state in Egypt. He shows. that this idea
originated in the misinerpretation OF passage IN
an oriental writer and confirms his opinion by the
fact that the pointed SUBMITS of the obelisks were CO.
vercd with scupured hierogyphics, the same as the
sides. >s
The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1838-06-12

The Rirer of Intempcrance.-An English paper cal
cuates that The quantity Of liquor, aliaspos drunk
in England and Ireland every year, would be sufl-
miles long. A more frightful calculation would be
one showing the miseres that are occasoned by in
temperance; the number Of men whom the waves OF
this modern Styx bear into prisons, madhouses and
their parents wallow in drunkenness, and OF wives
who pass their nights in anguish, lamening the in
temperance Of their husbands.-N Y. Com. ADJ
The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1838-06-12

carrying on war. Il would in fact be turning their
own weapons against them.
Bad as the United States Bank may have been the
men who rendered il odious among the ignorant be-
In Europe, were dishonest. They however succeed
ed and lille did they care by what means. How
much better il would have been have exhibited its
real defects, instead OF pretended ones.
The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1838-06-12

Rise of Water in Lake Eric.--The Cleaveland
Herald mentions the fact that the waters Of Lake
Erie at that point are at least three and halt feet
higher than they were three years ago. and eighteen
inches above the level of last year. similar rise
has been observed in the Upper Lakes.
The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1838-06-12

the system, as successfully practiced before
that act-place an efficient and competent man
at the head Of the Treasury Department, and
we shall neither want National Bank, sound
currency, nor we'll regulated system Of Do
nestle Exchanges.
The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1838-06-12
FOREIGN CAPITAL.

The Journal of Commerce has given a statement
of the amount of bank and other stock in the dife-
rent States of the Union owned by foreigners. The
sum total of it is no less than hundred and ten
millions Of dollars During the time when the sub
ect Of the re-charter Of the United States Bank
before Congress, the people would have been over
whelmed with establishment and alright had they
dreamed of such claim upon the nation. Even
tro millions of the loan made by Illinois carry on
her grand and magnificent system OF Internal I'm
provement is due TO English capitalists We do not
mention this fact either subject Of alarm or even
regret On the contrary nothing could tell more
emphatically that our credit and resources in
healthy condition The foreigner receives less than
six per cent interest on bis money, while every
cent of IL at its legal rate, is worth twelve From
any capitalist in Illinois il cannot be obtained Cor
less than eighteen. Who cannot see that we derive
an immense profit from these two millions loaned
from Europe Our rail roads arc making with il,
which will double the value of the property in the
State, and money is circulating among us whih is
worth eighteen per cent, for which We give not
more than third of that rate. The same was true
of the United States Bank The very men who
got up this hue-andcry" against IT, on the score of
foreign stockholders, were aware that II added 10 the
wealth and resources of the country but they knew
also that it would alarm the ignorant and essentially
aid in destroying that institution.
Without the aid Of foreign capital, not few of
the railroads and canals that are now pouring their
streams Of prosperity through the country, dfusing
wealth TO every part, would not have been in ex-
isence. Our country is too young, and business TOO
active 10 find here surplus capital for The cohsruc-
tion Of public works.
That we can obtain il from abroad, so far from
exciting alarm, ought 10 be regarded as one Oh our
prominent sources Of prosperity. In time OF war
we should have SO much more capital 10 aid US in
The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1838-06-12
THE AMERICAN JuRIsT AND Law MAGA-

TINE AMERICAN JURIST AND LAW MAGA-
i ZINE.-F. TAYLOR will receive subscriptions to
this number SO that the present offers favorable period
for new subscriptions commence. Published IN heavy
quarterly numbers price 5per annum and can be sent
by mail TO any part Of the United States
The work may be examined al the bookstore of the adj
verser, who has lately received the Sd vol Story's
Equity; Barbour g. Harringtons Equity Digest, vols
with the addition of Russels Reports, making them
pete; Baldwin on the Constitution; Badwn's Reports;
Gordon's Digest Dunlap's Admiralty Practice and all
Philadelphia prices. On this point purchasers invited
call and ascertain for themselves before sending their
orders TO the north june
The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1838-06-12

report the same thing to the State Bank OF
Indanal If the honorable chairman will deny
this, we will produce the documents. And yet
it is more than minated that the banks did
this in /" defiance Of the public authorities.n
The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1838-06-12

nEMOCRATIC REVIEW, for June. Just received at
IL the bookstore Of F. TAYLOR, where subscriptions
received, where single numbers be purchased
June -.
The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1838-06-12

much greater sum than this was drawn out with
out doubt, before the LIST day Of October, that
that day, the entire sum in the Treasury from all
sources fell short of the fourth insalment which the
law required should then be deposited with the States
Therefore il will be seen, that had the banks stood
ready TO have paid over on that day every remain
ing dollar in their hands, the Government would
not have been able TO have executed the law.
II became necessary to convene Congress, there
FORE as this conclusively proves, to dispense with
the Execution of the supreme law of the land, which
the President is bound by his oaln faithfully
executed
Nor was this all In addition to postponing the
payment OF the fourth instament, il was rendered
imperiously necessary to convene Congress, espe-
cally to provide the means of carrying on the Go
vernment to the end of the year.
In a report made BY the Committee of Ways and
Means to the House, on the 18th day of September
after enumcraing all the branches, and the amount
Of revenue expected to be derived from them, in
which was included the balance due from the depo-
site banks, deductng only four million dollars, it
stated there must be provided for the of the
Treasury, for the last quarter the
sum Of 80 100000 90
For The purpose of enabling the Treasury to meet
the demands upon it, as estimated by the Committee
Of Ways and Means, during the last quarter of the
year. an authority was granted by Congress to issue
ten millions of Treasury notes.
1t will be seen that the Treasury was deficient in
the required to meet its wants up TO the end of
the year, the amount of the fourth insalment be-
| yond the four millions estimated to be still owing
on the LIST OF January, by the Opposite Banks, a ba-
lance, which was used, of IS, 367 600
Add the above deficiency provided for 100000
Total provided for at the extra session
for the use of the Treasury during the
! balance of the year 1887 sI4, ACT 900
| In the face of such facts as these, the Committee
Finance of the Senate assert that special con-
location Of Congress September last necessi
imposed BY The failure ofhis system Of dposite and
The embarrassments TO the public Treasury thereby oc-
| casioncd mr. n-r
Had the deposite banks paid over every dollar in
their hands after poslponing the payment Of the
fourth ns,ament of $9,3670OO there still was
according to the estimate of the Committee of Ways
and Means, deficiency TO be funded, to meet the
wants Of the Treasury, up to the close of the year
1887, of $40, 4670OO!
Will the honorable Chairman of the Finance
Committee have the magnanmity to come out
frankly, correct the he has fallen into do JUS
tice to the Deposiie Banks and by SO doing, disa-
buse the public mind which he has contributed 10
misleadl We shall wait to see.
The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1838-06-12
rr SEE FIRST PAGE.
FOLLY OF THE SPECIAL DEPOsITE
SCHEME EXPOSED.

The advocates Of the Special Opposite
scheme, like those Of the Sub-treasury, seem
to have the same object in view. They both
60 for separating the money ofthe people from
that Of the banks, and so far as it can be used
for any valuable purpose to annihiIais Totally.
The advocates of one system urge the collcc-
ton Of the entire revenues of the country in
gold and silver; and the other, go for collect
ing them in paper, which the banks employed
as special depositaries shall forthwith place TO
the credit of the Government as specie; and
there keep it locked up until il is called for,
and then be prepared at all times to pay it out
in speciei What is the difference between the
two schemes? just as much as there is be-
tween six and half dozen, and no more.
The reasons adduced by the advocates Of
these two schemes are very similar. Say
they, the money of the Government is
all loaned out to Spectators, who ruin
themselves, ruin the banks, and render them
unable TO pay back to the Government its mo-
ney when wanted 1t also. say they, induces
the banks to extend their issues Of paper 10
an unwise and dangerous extent.
Now, we are enabled to show that all these
reasons and arguments are altogether falla-
cious. That banks holding the largest
amounts Of public money did not extend their
discounts so much as some did with very
small amount and the circulation Of the for
mer was mere nothing, while that Of the lat
ter was enormous. Thus proving, conclu-
sively, that the public money being locked up,
will not prevent banks from unwise extension
of loans, and extravagant issues Of paper
and that its being left in the hands Of, and at
the discretion Of prudenty managed banks,
neither leads to extravagant loans nor extern
sive issues Of paper.
We have before us a table, showing the con-
Iition Of the deposite banks on the lst June,
1855, from which we take the condition fthe
following banks, in the items under the various
heads, viz: --.--.@..--s-.ar
The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1838-06-12

heads, viz: 4,~------.~
capiesJ. Loans. p. Money
Bank of America, N. " 100000 5,soo,ooo 4oooodo
Manhattan COMPANY, 2OOO,O00 6, loo, 900 A. 900 900
Mechanics, Bank 1900, 900 4, 800, 900 4,500000
Bank Of Virgins Va. 8 2AO, 900 100000 435,O00
Notes Of
..' -s...s ',~ other bks s.@ . -,
and due Specie. Circulation.
by them.
Bank Of America NY. 2, 100000 l.400,000 100000
Manhattan Company, 100000 $4,000 $4,000
Mechanics Bank, $500, 900 lOs5,0O0 5000
Bank Of Virginia, Va. 900 100000 1000, 900
The Bank of America had, at this time,
capital it was discounting upon of three mil
lions as it had million of dollars borrowed
in England for a length of time. The Man
haitian Company is unrestricted in its charter,
as to the extent to which it can loan; and
yet, with almost five million dollars of public
money in its hands, the proportionate excess
Of discounts over its capital was but about
the same as the bank of Virginia, which had
less than half a million.
Then, as to the circulation, the three New
York Banks, with almost fourteen millions Of
public money, had but million and a-half of
circulation while the Bank of Virginia, with
less than half million of public money, had
q circulation Of four millions Of dollars.
Now, as to the use Of the public moneys
by the banks, by which they are made the au-
thors of all evil. The three New York banks
had an aggregate sum Of public
money of $l3,90o,oOO
They held notes of other banks
and balances owing by other
banks 100000
They had specie 100000
Total. notes and balances Of other
banks and specie 1l,340,O00
1t is true, that some part of the balances
due from other banks had been left with them
to be loaned out, by order Of the Secretary Of
the Treasury.
This was the condition Of the New York
Banks at the period just before the passage of
the deposite act, which exacted from the banks
interest on the public moneys, and which Mr..
Wright, IN his last report says, made il, in
fact, and in law, the money Of the banks, and
not the money of the people it not only held
out an inducement to the banks to use the
money for the purpose Of discount and bank
ing, but, in this way, gave them the right to
use it, in defiance Of the popular will, and of
the public authorities i; it went further, and
compelled them to convert it to some profira-
BILE employment, and demanding interest from
them while it was in their keeping"
So it is admitted by Mr.. Wright that, it was
the very act which caused all the mischief,
and broke up system, which for three years
previous, had worked well, as is testified to by
General jackson and Secretary Woodbury.
over and over again. ..
Away then with the odious Sub.treasury,
and empirical special deposte schemes -
repeal the deposite act of 1s36-reorganize
The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1838-06-12
ACKNOWLEDGEMENTS CAPITAL.

We take the following sensible remarks upon the
advantages of foreign capital, from the Grafton (nl)
Baek,coodsman, Conservative Democratic Repub
lican press Whatever may be said against the late
National Bank, it is very plain that the oucry
against its being owned by foreign capitalists was
weak invention" II is now too late in The day to
raise any hue-and-cry against the hundred and ten
Millions of corporation stocks now owned by
foreigners ,#s ....@
The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1838-06-12

II b. MORGAN g. co. have just received, at their
sell at very reduced prices wholesale or retail
]. b. MORGAN 81 co. :.
,,n. o ooJa,
The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1838-06-12

DALBPS GEOGRAPHY AND ATLAS, price 81 IS.
ID Arnotts Elements of Ply volumes sve, Sd
edition. price 90 so
Bullions English Grammar, so cents. For sale by
June Q y. TAYLOR
The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1838-06-12

-'"EI@9" - CapitaI. e Loans. II. Money,
Bank Of America N " 10000 5,sO0,00O $500 odO
Manhattan Company, 100000 100000 1900 900
Mechanics Bank, 100000 4,s0o,o0O 4,5o0 900
Bank Of Virgins, Va. s,240,O0O 100000 435,o0o
Herald of the times. [volume] (Newport, R.I.) 1830-1846, 1838-05-17
oRRxs TOOTH WASH.

TnylIE ORRIS TOOTH WASH is purely a
IL vegetable preparation. possessing the pro-
pcriies Of cleansing the teeth and mouth rsstor-
ing the gums to a healthy state, sud preventing
any unpleasant taste or odonr in W. mou.b, ,whrii'
or arising fiom decu,o teeth, or fon dersnged
state Of the stomach.
"Sound teeth aud white teeth are the mos
valuable portions os poor humanity, bu, how ma
ny neglect the ai,ep,iQn necessary for their pre-
.er,a,,cn, ,sven when surrounded by all the means
nesIod. Among these we know Of none more
pleasan, and eiFscipal tl,nn the Orris Tooth WASH
i cleanses aud wh,iens the teeth, strengthens the
gums, puriiies the mouth, and swsetsns the breath
We recommend its use TO all. young and old. -
"Ths ORR. Tooth Wash is the best deiergon,
we ever used on cur enamel. "--tl'oston Tran
script.
To fhe PuJie.-Thc concurrent testimony Of
the most eminent brntists and members Of the
medical faculty in every paG of tbs Union. isu
ni,ed in favor of the Ouis Tooth Wash
From Dr. Ecuz.r Paimly, Depti-t.
! have used the "Oris Tooth WASH" and
having been made acquainted with the ,sricus
articles Of which il is composed. feel great plea
surc in Recommending IL ss mn agreeable. whole
some, aud efficient wash Tor tho mouth.
EI.EAZER PARMiEY.
No II Park placs n. ", Jan 1883.
Frorn n. Dodge, manufacturer Of In'ilaiicn In
corup,;bls Teeth. aud Surgeon Dcn,i., N. York
Csn,lcn,en--I consider Jour Oris Tooth Was"
the bes, in u<e. wi-h Ia keep IL constantly o."
band Cor the pss Of my p"'sn,s please .eno W."
supply. Sgacd. n. DODGE.
ias canal s,fee,. New York. Juy 49, is3e.
Toe sbore 10 for sois ia NtwPerf, ny
II n. ,. TAYLOR.
III hsv o
Herald of the times. [volume] (Newport, R.I.) 1830-1846, 1838-05-17

In this town, S0th nlt Mrs Thankful Murphy, widow
Of Mr.. John Mnrphy, aged 52 years.
In this town, yesterday afternoon, Of small pox Mr.
John D. Deblos, in the 25t year Of his age of Mr.
stephen Debois His remains coye, I'd to t.
lent tomb about o'clock this morning. IN this severe
dispensatiOn Of Divine Providence, wife and young
child suddenly bcrcaved Of afsctionate husband
and iather-his parents Of dut sAn-his brothers and
sisters Of one whom they loycd-a numerous circle OF
friends aud acquaintance Oi one who dear to them,
Ia his business he strictly honorable, and he died
IN peace with God and lrm faith In the Christian Re-
gion.
"De also ready, for in such hour ye think not
the Son of man coneth."
In Providence, Sunday last Mrs. Elizabeth sylve.-
ter, widow Of Mr. John sylvester, and daughter Of the
late Mr. Daniel Denhn, Of this town. in the 7eih year
Of her age. She for more than fiy years mem
ber Of the Pirst baptist Church In this town.
At New ShOrchan, ON the 2d inst, Benjamin Sprsge,
ESD aged 62 years, formerly Representative from that
town IN the General Assembly.
On the 2sth ult, at Mount Vision, Otscgo County n
Y. aiier proracied illness, Mr.. Henry Potter Wales
aged 30 years, irmerly of Portsmouth, r. L. son or the
late Atherton Wales ESQ. lie has rit wifi aud iwo
Young children to mourn the loss of an acciionate hus.
band and iniher.
Herald of the times. [volume] (Newport, R.I.) 1830-1846, 1838-05-17

Also, permancm colors on carpet yarn. mcrino,
carcasssn, bou'lasin, aud Grape dresses gcntlo-
mons wooden garments, such as dress, Irock anj
great coats, suriouts. vests aud psntaloons ed
and pressed 80 as " hear like nov. without
Dppps.
They will also clean gen,cmen's woolen gar
mont, Of every description. Ia a neat s,yle-- mo
rino and cashmere shswls cleansed aud ~h''e"ed.
without injufy to The border-carpc,s aud woo's"
table cloths clesnsed also.
| An articles len a, The Dye House on Tanner
street. or with the following Agents, will receive
prompt attention :-Edward Mason, Fall River
silas Aldsn, No %. Union street. New bedford.
Grateful for the patronage already received,
thsy .olict n continuance of tho same, which
,,ey will cndoa, o. tn merit.
Newport, May 10. ,eas.
Herald of the times. [volume] (Newport, R.I.) 1830-1846, 1838-05-17

Observation-Disclosures We can only
sneak in generalities Of the Mississippi
election. BY the steamer General
Browne, which left Vicksburgh OF Fri
day night, we learn that there were but
four counties to hear from, and that the
rood cause was still far ahead. Loco
focoism in Mississippi is stretched out
in it, crave-cloihcs; aud the bright star
that eIittcrs to her name on the Ensign
of the Union, will hc worth,ly repre-
sentcd at the next Congress by Messrs'
Prcniiss and Word ~ D. Com.
Herald, May G.
Herald of the times. [volume] (Newport, R.I.) 1830-1846, 1838-05-17

Speaking Of the speech of Mr.. Bond,
Of Ohio, the N. Y. Courier s. Enquirer
savs-"It is one of the most entertain
ing and instructive speeches that have
been delivered during ,nc present Ses-
sion, and VIC regret exceedingly that its
great length prevents us from transfer
ring it in full to our columns. II holds
up to the prominent official men of the
day the promises and pledges by which
they obtained power--unvails their
scandalous hypocrisy--exposcs their
reptile meanncss--a and displays an a.
mount of falschood and fraud that can
no, fail to confirm the people in their
distrust and detestation of the men who
have so abused the authority which they
80 bascly obtained. The speech should
bc circulated and read in every section
Of the country. 1t cannot fail to do ex-
tcnsivc good. The people have SUI
fcrcd under the measures Of the admin
istration--this speech will aid them IL
understanding the men,"
Herald of the times. [volume] (Newport, R.I.) 1830-1846, 1838-05-17

The new and splendid steamer "JoHN
w. RICHMOND" made trip to this
place from Providence, for the first
time, OH Tuesday afternoon last. We
were not on board, and have not been
furnished with any particulars as to her
speed or the working of her machinery.
Report, however, speaks well Of her
We learn she will commence her regu-
lar trips between Providence and New
Y ork about the first of June.
Herald of the times. [volume] (Newport, R.I.) 1830-1846, 1838-05-17
Notice.

sV>nE Public are informed, Lhai the yAsv
port Foundry dsd Machine Cs~Pary,
have commc,red work iu their EstablisI'nlett
II the south end of Thsmes- street. end ere
prepared to Contract for building Msehinery.
and making castings VI any kind thss may ~
required on as favorable terms ss any cshet
Establishment in tho Btste.--AI ordsrs I'D
dressed to the superintendent will receive
immediate attention.
BRAYToN SLADE, Superintendent,
/ Feb %.
Herald of the times. [volume] (Newport, R.I.) 1830-1846, 1838-05-17
MEMORANDA.

Arr at Boston, on saturday ast scl,r Hannah Waite
from CurJonas 1871, Havana 2i nll Len at Cnrdcnus
seh'r Concord, Coz, for this pori, in 3 wrrks
AZ Liverpool, 5oih ult., ships VIM. Hng,, Vaughan,
from Ne@ York, and Annawhn, 1ooker, from New Or
leans-both Of this port.
Al New Orleans, 81 inst, brig Confidence, Bailey,
from tiis port.
Charleston 2eih ut.
scLr Esprrin,h,, pewner, for this port, cleared At
A palhchicoln I'D ult.
Al Havana, 3Oth ut., brig Laurel, Finch, from Mo-
bile, discg.
Cid. at savannah, 9Th ult, brig Poland, Gardner,
Havana.
Arr. at Havana 9Th ult., sloop Eagle, wyle, IA
yannah
Sailed from Richmond, lth inst, brig sea Bird, May
berry, for this port.
Herald of the times. [volume] (Newport, R.I.) 1830-1846, 1838-05-17
VIRGINIA ELECTION.

The Richmond Wing of Saturday last
brings us returns from all the counties
but four. The number Of Wings cleo
ted to the House of Delegates is IL
administration, including II conscrva-
tives, 80. Lee, Logan, Preston and
Randolph counties to be heard from
Mr.. Vaughan Of Dinwiddic, a conscr-
vative, is pledged to vote with the wings
for u. $. Senator.
Herald of the times. [volume] (Newport, R.I.) 1830-1846, 1838-05-17
Married,

Ia this town. ON Monday evening last, by the Rev Mr.
Wesi, Mr.. Isasc 5sbee, jan. Of New -Iiampshire 10
Mss Margaret Il. Price, daughter vi the late apt Vim
Price, of this town.
In WEXFORD, on Monday evening last, by the Rev. r.
a.. Grafton, Mr.. sheffield &. Reynolds, Of Munson Mass
to Miss Frances l.. Chalsey, daughter OF Jeremiah q
Chadsey, Esq. Of WEXFORD.
Az New-York, In Trinity Church, by the Rev. DIR.
Bcrrian, Lieut.. VIM. y. Griffin, ofthr a. ~ ~ 10 Miss
Mary n. Lawrence, only daughter Vi IA. atJ Capt Jas
Lawrence, Of the u. X. n.
Herald of the times. [volume] (Newport, R.I.) 1830-1846, 1838-05-17
HERALD OF THE TIMES.

counties, which give Prentiss (Whig)
IO,992, and Word (Whig) 10, ,473 votes;
Claiborne 8 ,5j7, and Davis 8, lO7 votes;
leaving Prentiss majority Of ,435, and
Word 1866 votes over their Loco Foco
competitors. Little doubt now remains
of the entire success Of the Wing
ticket"