Herald of the times. [volume] (Newport, R.I.) 1830-1846, 1840-04-23
For the Herald OF the Times
Facts for tho LabOrisag Nan:
By A LAB0RING MAN.
lCoSTINUED PROM OUR LAST.


----.----
Further tDccis Of .Mr. Van Buren's
False System, as illustrated By has con-
nerioa wih Tie " .liJany Regency" and
his subsequent attack on he Banks, &c.
Sc.
Most readers arc perhaps familiar with
what is called u P0iCer bchind The HrOHe,"
which Is very apt 10 exist ~ corrupt govern
menls, aud Is generally welded by Irrespon-
sibe persons, whose Vaccinations are mostly
Ind from the people at large. OF such ma
iure was that ot the far famed ".W6any Re
gtnry" the members OF which for many years,
as Is well known, successfully controlled the
the political dcstnIes Of the State of New
York. This secret combination which very
much rGscmblcd the Jncobm Club, - terrible
~ the French revolution, was organized by
Martin Van Barren about twenty years smce,
and consisted of The following members:
! MARTIN VAN BUREN.-(wh was It's
chlel ongInator)
I SILAs WRGnr-(present Senator Ill Com
grcss.l
! JonN a DIX, Gate Secretary Of Stale.)
! AGARIAn c. FLAGG, (iatc Complrolcr.)
TuUMAs w. OLCurr, (l'resld,n NJ OF Fam
ers and Mechanics Bans at Albany, called
the Regency Bank)
, EDwIN CEoswhLL, editor of the Argus.)
l. WM. l.. MARCY, Qaie Govcrnor)
Gr,,h T.. Dron,OH, Judge OF Court)
RcuLen H. Unio0rlh, (ChanceIIor.)
Hcmy Seymour, dccd: late Canal Com
ml>siuucr.)
Joha l.. CuSh'aon, (Judgc at Troy.)
Bthjamm +. BHiir, (Iute Attorney Gene
BuJdua hnorcr, (iatLcr-n-Iaw to Gov
Macy
James Porter, (Rcgister in Chanccry.)
Samud B,arlSity, tot" PeriSh GREAT, Per-
ish Commerce mcmory.
The above fifteen Constituted the 'Tfgmcy
to winch was attached anUuDcr Ui sUOordi'
nates-N ho were not admitted to share fully
IN the secrets OF the CluJ-among whom were
Gen. Hubbell OF Ithaca, Lew BeardSIey oi
Utica, Loot Clark Of Luckport, and o,hcrs.--
In the first caucus held by the n't .nberS OF
the regency, Mr.. Van Buren III speech ad-
dressed to lhen, stated his plan 10 be, that Il
majority ot HE regency should decide upon
the course OF policy lo be pursued, and thai
the minority should acqulesce IN lhe decision
majority, whether they were ngki or whulhc
they were urong.--upon the ayowal OF thu
bold aud dangerous doctrine, a gentienal
present rose, und stated TO the caucus, lha
! he could noi subscribe 10 any such plan a
| was proposed by Mr. Van Burrn, and there
! upon lett the room.-rhc writer has bceI
! told, and he believes ii to be true, that Messrs
| Wright, Dix, Fagg, Oicott, Croswell, an'
J. pII
cal measure Of Importance, aud were the mos
ultra of tho concern with perhaps the tActp
ton Of Mr.. Van Burcn, their head, wh
agreeable to his non-commitiai" principle
worked even more secrelly, IT possible, tina
the others. The writer hus also been IN
formed, tha, the meetings Of the club wcr
generally held IN u little back paror ot liI
Mechanics and Farmers Bank at Albany
I Mr. Olcolt beng President Of the same, an
its directors beng composed exclusively q
! the members oi The regency club. In
/ short time The club became as powerful II
the State of New York, as was The revou
touary Jacobn Club IN Francc-aid iron
/ all accounts. It's members were quite as uh
scrupuluus IN adopting measures To advance
Themselves 10 political power. Among thl
various secret means used 10y the regency
ling ct, clIons as that which was afforded .!
the Banking system. by means OF nn tAat
sy stem Of Espionage, heretofore described b.
the wrltcras having been originated by Aato'
Burr, who probably Instructed Marllh val
Burcn III lis principles, the Albany rcscHc.
informed themselves Of the business and po
llllca character of every man ui lmpoTlanc
in the State. II 1t was dl,covcrtd that
Banking institution, in Osw"go for instance
was ~ the hands ot men VINO were not suu
scrvlcpt 10 The regency party, u war ol pei
sCcutIOn was commenced against thchl.-
As the Mechanics s. Farmers Bank at AlOdn
acted as II cUlIccing Bank, Mr. OIcoll, 1t
President, acting ~ conjunction WIN Ia
ultra membcIs Ot the regency IN Ils dHtC
ton, could readily collect large amount
bills issued by the Selected Victim, who
were forthwith sent to Oswego aud the spt
, Gle demanded for them. Tins course wuui
be again aId Ogoln repeated, unlll the DiIc'
tors ol the prosecuted bank nndng th'y cuu!
not do a bauklng business to any pfuh', nhu'
such sudden uLd unreasonable calls ior spr
cIc,--would perhaps send depu,aIo
To- Albany 10 learn the reason vi such con
duct OH the part al the managers oi the ke
gency Bank. They would accordingly wa
on Mr.. OlcUtt, !ts President, and state l"rI
grievances. liz, M turn, would mahlic'
great CummsscIatIuu for The bank at Os",
90, nnd express his" "rgrtiS ior the cours
Ihe officers Of the Farmers Banh lclt then
selves compelled To pursuu-aS,lsnng as
! lcason, that the Directors oi the Farmer
. Bank had not sutiicIunt confidence ~ l'I
i. present managers of the Oswcu BanH to val
,, rJut them III hoGiug thcT bi'i', and lhu
leopardzing tic property culrH-''d 10 NC
il, ,Cping, toy the siOcNh,lUCrs ol tdat ihsllll
tlun. "a the course ui IL dvsu.tofy tuiN,rH
tIpu, 1t would pgihIps c.capo i'n" M "
cot, as Il by accident, tndt II Squire f'Hyos
gcr or Suus1 Br,b ~ luf some olhcr hlei
, ot the regency, living perhaps ~ o'"es'
, were director, ~ tholr bank, more enhlldtu,
would probably b. placed ~ is managrm''
by the director, of lic Farmers Bank Nou
,nc would be SAID about politics, and shou
, Tie drputaton see the Clulun foot 1t ~ou
b. shown ~ such way, that woOi could ~
be- Obtained Ut lis existence. Ga Their -
- Iu,n ~ O,wcgo, the iayuytc SiuTtS oi u
!. regency would probably be appointed
du,ctors IN the bauk, aud then all dihculii'
would be ut an cnd--tho bank at Osw'l
would lend It's AID to the regency ~ conit,
ling the elections, and, ~ tnIn. wouid
purouLcd by the President aud Directors
lhr Formers Bauk ~ Albany. Ii was
,t ilcuus of thc secret miiucncC exercised
Tins REGENCY. thai arcunCd tir Mdtiln v