Bloomington herald. [volume] (Bloomington, I. T. [Iowa]) 1840-1849, 1843-07-21

The New York Express says: "Pur-
chases of lhe stocks Of the delinquent
States 10 considerable amount have been
made, on account Of Englisl, capitalists,
the declarations that reach
US by every packet that no more invest,
menis in American funds will be made till
The interest on the old debt is paid. The
great abundance of money, the rate OF IN
ierest, and the difficulty Of making perma'
nent investments, have drawn the atten-
ton of capitalists on the other side OF the
water 10 the stocks of the States that have
neglected TO pay their interest. and which,
Till within few weeks, have been selling
at from one sixth TO one fourth OF their
nominal value.
These purchases have been made on
account Of persons who have too high an
opinion Of American character to believe
tina, the doctrine Of reputation is any
where seriously entertained by any con-
siderable party, and who have confidence
that the payment Of the interest by the de.
inouent States will be resumed as soon
as the present pecuniary embarrassment
under which the whole country is laboring
is removed. The effort making by the
State of Illinois TO reduce her debt and
make provision for the payment OF the In
terest on the balance has had the effect 20
strengthen this confidence. b
1.-THE successful operation Of the Wa
bash and Erie Canal has thrown ray of
light upon the darkened prospects of Indi.
ana, and satisfied those who doubted that
the money expended in its construction
was not wasted, while at the same time it
is developing and adding TO the value Of
the products of that rich and growing
State" m
A WARNING Voice ct preserve our
independence, we must not let our rulers
load US with perpetual debt. We must
make our selection between economy and
liberty, or profusion and servi,udc. II
we ran into such debts as that we must
be taxed in our meat and drink, in our
| necessaries and our comforts, in our labors
and amusemenss, for our cailings and our
creeds, as the people Of England are. our
! people like them, must come TO labor l6
hours in the "a. give the earnings of -
Of these 10 the government for their debts
and daily expenses, and the sixteenth be-
ing insufficient to furnish us bread, we
must live. as they do now, on oatmeal aud
potatoes. have no time 10 think, no means
Of calling the mismanagers 10 account bu,
be glad to obtain subsistence by hiring
ourselves to rivel the chains, on the necks
of our fellow sufferers. Our landhol.lers
too, like theirs retaining indeed the title
and stewardship of estates called theirs
but held really in trust for trust for the
treasury, mus. wander, like theirs, in for
eign countries, and be contented with Pc
obssafssz x saKhlsl s1s sad US to the sal
u'ary lesson that private fortunes are des-
troyed by public as we'll as private e.trav.
agance. And this is the tendency of all
human governments.
A departure from principle in one in
stance becomes precedent for second !:
mat second and for third. and 90 on Till
the bulk OF society is reduced 10 be mere
autonatons Of misery, to have no sensi-
b'l'!y left but SHINING and suffering Then
begins indeed bellum amnium in ,omnia.
which some philosophers observing to be
SO general in this world have mistake n II
Tor the natural instead of the abusive stale
OF man. And the fore horse of this FRIGHT
iul team is, PUBLIC DEBT. Taxation
follows that; and in its train wre,chedness
end oppression" -TmoMAs JEFFERSON.
The bcsston Post, in speaking of the new
Cabinet appointments, says: "Mr. HensI,aw
IS well known to the -rnhlic here as man
OF strict integrity. Democratic political princi-
pies, extensive information, and abilities &c The
highest order: he is, also, a. practical and a
business man; a regularly educated merchant,
FAMILIAR with all the great interests of the &C.
i've. industrious and producing classes Of the
community, We are confident that, while the
Democracy Of the nation will feel much orat-
ihca'lon at his selection, all parties will &C.
knowledge the appointment to be iudicious
one. and one calculated to benefit .he service
10 which ne will be attached. Mr.. Nelson is
one on OF the most distinguished Democrats in
NARY land, and equally eminent for his accom-
Plishments and abilities i, will afford the conn.
ny satisfaction to see a gentleman Of his char
ac'er and powers called into the National Cab
met. These new appointments exhibit a hioh
minded ilbeFality and confidence on the part of
me PRESIDENT, knowing as ha does that both
Mr.. HenShaW and M N.lso, ::