Richmond palladium. [volume] (Richmond, IA [i.e. Ind.]) 1839-1854, 1843-04-29
ST A Il E FLAIR
TO THE PEOPLE OF INDIANA.

Postscript to the Locofoco and the System of In.
fernal Improvements. Our Bonds s,cindled
from Us and lost. by the Locofoco Ne,c York
Banks Of Martin Van Buren,!
READER, ve cannot abandon The subject which.
Tor weeks past. has engaged our attention, with
out placing before you the proof of the last .c,
IN the drama Of Internal Improv ements in Ind.
ana. II is a solemn and unde enable fact. that il
is TO the aid Of the Legislation of the Looofoco
Party that We not only date tho origin and man.
agement Of that System, nUr THE BANKS, Bao-
KERs AND SHAvRRs THAT HAVE swISpLEp You
OUT OF YOUR BONDS, AND IN WHOSE VAULTS YOU.
MONEY HAS BEEN SUNK, ARE BANKS WHICH
WERE CHARTERED by LOCOFOCOS, hea-
ded by Locofoco Governor MARCY of New York.
under the General Banking SYSTEM" aud
Banks publicly endorsed and approved too, by
such Locofoco leaders as C. c. CAMBRELENG.
of New York, member Of the United States Con.
gross, and last, not least by such leaders, also.
as the EDITORS OF THE LocoFoco INDIANA DEMO.
Graf, now the Locofoco Indiana Sentinel!
Proceed We to the proof Of this: Under tho
auspices Of a Locofoco Legislature, and during
tho incumbency Of Locofoco Governor Marcy.
New York adopted General Banking System.
Among these was the Erie County Bank nhe
celebrated Sherwn"d's concsrn.) the Banks
of Western New York, at Rochester, tho Binp-
hampton Bank, the Bank of Commerce, at Buf-
falo. the North American Trust rand Bsnkiop
Company, tho Staten Island Whaling Company,
the Merchants Exchange Bank of Buffalo, and
the Western New York Banks OF these Banks.
at the second session Of the 25th Congress.
Mr.. Locofoco Cambreleng thus spoke in tho
House Of Representatives,, viz:
1--WE need no chartered State or FedeaI OUR
LA w. tho
trade as we require to protect ourselves and regulate
"OUR OWN BANKING LAW" said Mr..
Cambreleng, and their opn banking law il was
which, in the stead Of National Currency, thus
gave birth to the brood, before designated in this
article. Now for further evidence: In the Lo-
~"f--~ 1.d;~." DomocTat Of January 2Ist, 1889,
speaking Of this same general banking law. wa
find the following language, viz:
Some of the Feds think it quite STRANGE TIN, ere s,o
aavoeate Generaf thanking Lac, when opposed
posed monopolies tho business Of banking. under
Isnsng law. cannot be monopolizedhenee
Lain', Or u "z''hh.aL BANKING
Now turn we TO the Repor, Of Mr. Locofoco
BRIGHT, whom the Reader will recognise az tho
Agent employed by the State to examine into thu
losses, the. amount and by whom lost, which
Indiana has sustained by New York SwindIers.-
Turn we to his Report, page IA, where We find
the following losses, viz:
"Bank of Western New York at Rochester eoao mn
R,n,h Soay Da p OF sherwood 1000
DDhghamp.on Bank $4,000
oaiA o. .ommsrce, Buffalo 4s,l25
North American Trus, and Banking Co. 1890
Staten Island Whaling Company 00O
Merchants Exchange Bank, Buffalo no OOO
Hiram Pfats. loans made for Western New York
Banks $4,000
sl,42s.92s
One million four hundred and t,censy three tAow-
sand, nine hundred and Twenty-Five dollars have
thus been swindled from the pockets of the Peo
pie Of Indiana, 10y their own showinp,) BY THE
NEW YORK LOCOFOCO BANKING LAW
boosted Of by Mr.. CHAMBRELENo a. "ouR OWN
BANKING LAW" and by the Locofoco Indiana Dem1
ocrat as a banking law of which, ION prinsiple.
the Locofocos are decidedly in favorM!"
And thus ends this ira gico farcicaI history!
We we're young and enterprizing as a State.
we embarked in speculation; we met with disas-
irous times-emba rrassmonts como thick upon Us.
AT that moment whom pure hearts and patriotic
councils were needed, the Locofoco Party, pirate
like, deserted Our common ship, raised the hue
and cry against her wort hness, damned her
credit abroad by the legislation and the political
sentiments which they propagated-and all for
the dirty business Of creating, from our common
wreck, hobby by which they might ride into
power. Beneath their policies we have sunk. a.
people. And now, when We take retrospect
we 6od that very Party instigating, sustaining
appropriating to themselves, managing AID iaud-
ing the management Of this very system: And
no, only so, creating, endorsing and holding bold
ly sp a. their exclusive and glorious efsprng.
! the very law beneath which have sprung up the
Institutions that have robbed and swindied ss!!
Is public virtue extinct that such enormity shall
pass unrebuked by virtuous and enlightened
Peoples
10 the New York Legislature the Conservative
and Radical parties Of the Loco Foco party are
warning 6ercey with each other. 'fhe Senate
have recently rejected two or three of Gov Boacks