Richmond Indiana palladium. [volume] (Richmond, Ind.) 1837-1839, 1838-04-14

81 have the pleasure of informing orr friends
ihn. TIE President has sen; to the Senate tho
uomina,ion CT WM. II. CRocNE2. Esq, nj New
Bedford, for POST Master II, that place His APP
y,onsn, -iii ece tie kigtsSf ,rfs :ation to TIE
democracy ot Massachusetts, Nj. CgoCxxg Is
admirably % ri;Gai for the Office, AMI the unaai-
nifty witt, which il has been desired by the s,cr-
ling democracy OF Bristol county vii! renicr ii
one O; tho mast popular appointments that has
been medc."-Boston Ado, FEB. IL.
| Fr,r, ,hs N.- BeiE,.d Mercury, Masca -.
| The Individual whose appointment was :" give
such high grati:ica ion not nominated = The
Senate, and we now congratulate our own cit:-
zens AMI tho Executive that he WAS not. HIS
''admirabie qualifications f'T pubic Office have
been admiralty proved within the last few DAYS,
in private life. Some OF his offences we will not
altitude to; but when that he hls abscondc'i
from this place for tcas Ut being convicted OF
more than QUO offence. the punishment for which,
BY the laws of the Commonwealth, woaii con-
sign him to the State prison; and thai tissue OF
frauds, nv which he has sw ilJlcd tho community
cut Ut large Of money, has been already
developed, trust that we have Sdtuccd ''adni
rade Qti1iiiica ionso cnouu!,.
We cotn.nehd IN the carciGl consideration OF
the Executive the fortunate ,anc which VIC have
had. and hope tho lesson vii aspat.' something
If the confidence which has been hilbert" rc.,osco
in u'crceDary and unprincipici party too.s.
CURRENCY from fic ror: q C'ecf-
Err:-'.Cre!it is tila primary element of life in
The United States; they live on it. Withrn. cred
II. those po;,ulous towns which arise on all sizes
Of at ii by cnchan,rnent tn rich Sta'es which
fringe the mlrgn Of the Atlantic, which, stretrl,
{, the west o. The .Aiieghlrv, and extend along
the coast of the Ohio AMI Mississippi, would have
been still siyare i,ccs,s and bo:toncss uorasecs.
New York alone possesses twenty banks; the
mean o. its ;nt.,s! discounts Is I2J.OOo,O0o;
whereas nj Paris the total discounts of tho banks /
were, in 1881, f9,OOO.000; in 1882, only c5,- +
100000. At Philadelphia, i'll 1885, tho discounts +
roso to fS2, 100000. A genera! shake TO credit, /
even for the shortest time, is here more terrible
than the most f-iyhtffl earthquake. tn" banks +
have acted as Il lever which las en- ibicd the A.
mericans establish among themselves, I, their
own great profit, the agriculture and industry Of
Europe, and which has crod their own territory
with cities, canals, railroads, manufactures and
fertile fields; in word, every thing which
sttutes civilization Without banks, the cu,tiya-
tor would have been destitute Of capital for his
r ccarn hi; hH a MID d Il tho s svs
tenn has led in cases to absurd and gambling
specu'alions II is the same system which has Gu
,blcd the farmer to purchase land Tor two dollars
The acre which he afterwards sod tor ten or hum
fred. Tho mechanics who arc now 80 loud IN
heir Condemnation Of tho banking system, for
ret that it is to !: that they the industrious
,c,ivity which has enabled them to earn from five
70 eight shil!ings day wages. They forget that
isc rcdit which has furnished them with She means
# which so MANY have nvacd themselves, Of G
Using to oP,ence and comfort; for, iii Aulecicn, !
very cn.crprsiny WHO give the gaur- I
Utv Of a to!crabIc character, ~ of obtaining"
rcds, and thus has the means of making his for "
uuc. q
INFAMOUS FRAuD r. THE ExEcuTIvE.-Af;e- :,
nc banks suspended specie payments II a.av :,
asst, the officers, mechanics, and laborcr|. at this
laval station, were paid in the notes of the de- -
os.c banks u, their deprecated value. THIS -
vas submitted TO at the tinc without nurulr, be :,
ause it regarded inevitable E.:s;or-
unc which had fallen upon the country, OF which .
ach must bear his part. 1t was expected, how
vcr. that better currency could be =,
blamed BY the COVE rnmcnt, common honesty :.
'oud direct that the public creditors be paid in :,
!, when practicable. Congress gave Treasury -
otcs for this purpose. These notes have been C.
nd still are two or three per cent. IN advance ~
Bank notes. though yet not SO good as specie I:
Does tho government pay in Treasury noese ~ ~
%. The dis.u.sng officers have orders to sell =,
le Treasury notes, and pay iii the Bank notes ~
before And this at the same time that nc ~
lanic cannot get letter from the Posi-Oaicc -
ON his father or mother without; specie TO paT y,
: ii. o
S;.ch palpable fraud would cos. Turkish al
acha his head. In tho greatest desootism il =
ould lead to revolution. Have VIC become SO :
lous as 10 submit to i. ii This country ofboast W.
freedom without even coil,oiani!- What say -
e Secretary O.: tho Treasury ?-Tic Cat, OF -.
ernocracy. the Secretary Of the Navy, what s s
es he say? Every Of every party Con- ~
ms and ablors the d;shoncst practice, which 80
(! not soon be forgotten in the financial history -.
our country. What says the Globe !ll-ph!. NJ
,ra!t < Sen. b.,
~, - up
Trial of q Baaa Director for Fe!ony.-IIe moi
e..ton of the good folks OF Boston has been t. Wi,
n Up this week with the trial OF TO less per s.,
,ace than the pIiHcpa director Of one OF their
nas on n charge Of e.nicz.eiing large qaanti- nv,
OF the notes entrusted IL han IN the OF Tn
sincs< After three days investigation the Ian
~ fund the following verdict: Il,
!. Com:nonw ealih 6. MIrcel!us Bowen: Tie .,I
= fad that the sum Of SS5,9oi were coun:ei tod
pat mt ne IoaA on .he III "a -A?fi' 100 Ee
thar. in the mon:h OF August. when the mon o. -
yas again counted fro:a said trunk there q co.
icicnc from that OK SCI S9s. En from the s,,c
ess of scndrv individuals II said trunk, While .ea,
he L.f.yc,tc and Franklin banks, and from chs
loose manner in which the whole business ,.,c
been transacted, lie j.ry find the defendant VIII
JOS II. DORR, To.cgaaa. =
v Rom. enc O'Clock. Thr-s'avt ,-a,