Sunbury American and Shamokin journal. (Sunbury, Northumberland Co., Pa.) 1840-1848, August 21, 1841, Image 2
i 1: s s a ; i, I'rom I be President of flic L'nltoU Slates. Iliturnlii Willi his Oil jeetioui, flic 11111 lo lncurporatv the n-ical Hank of tJuc I. Stuto, August 16, 1841. To the Senate of the U -Statics : ' The bill entitled "An act to incorpor ate the subscribers to tha Fiscal Bank of the United States," which originated n tie Senate, has been considered by me, with a sincere desire to coform my action in regard to if, to that of the two Houses of Congress. By the Constitu tion it is made my duty, either to ap prove the bill, by signing it, or to re turn it with my objections to the House in uliich it originated. I cannot con dentiously give it my approval, and I proceed to discharge the duty required t' me by the constitution to give my reasons for dissapproving. The power of Congress to create a National Bank to operate ter se over i.'ie Union, has been a question of (lis-, pnte from tha origin of our Government. Men most justly awl deservedly estee med for their high intellectual endow ments, their virtue, and their patriot ism, have in regard to it, entertained different and conflicting opinions. Congresses have differed. The appro val of one President has been followed tiy the disapproval of another. The pt:rple, at different times, have acqui traced in the decisions both for and n uainst. The country has been, and still is agitated by this unsettled question. It will suffice for me to say, that my i.wn opinion has been uniformly pro claimed to be against the exercise of a ay such power by this Government. On all suitable occasions, during a i criod of twenty-five years, the opm ;.ms thus entertained have been unre .-ervedly expressed. 1 declared it in ilie Legislature of my native State. In the House of Representatives of the U i.ited States, it has been openly vindi rated by me. In the Senate Chamber, in the presence and hearing of many u ho are at this ime members of that I ody, it has been affirmed and reaffirm vd, in speeches and reports there made, :.;ul by votes there recorded. In popu lar assemblies I have unhesitatingly an nounced it; and the Jast public decla ration which I made, und that but a .-hurt time before the late Presidential election. I referred to my previously i Npressed opinions as being "those then 'nlertdined by me. With a full knowledge of the opin ions thus entertained, and never con- ealed, I was elected by the people Vice President of the United States. f)y the occurrence of a contingency provided for by the Constitution, and .rising under an impressive dispensaton if Providence, I succeeded to the Pres idential office. Before entering upon fie duties of that office, I took an oath : hat I would "preserve, and defend the Constitution of the United States." En '.vrtitining the opinions alluded to, and having taken this oath, the Senate and country will see that I could not give ny sanction to a measure of the char acter described, without surrendering all claim to the respect of honorable iieu all confidence on the part of the I topic ell self-rest ect all regard for moral and religious obligations, w ithout in observance of which no Govern nent enn be prosperous, and no people an be happyi It would be to commit a crime which I would not willfuly com uit to gain any earthly reward, and hich would justly subject me to the jtdieule, and scorn o." all virtuous men. I deem it entirely unnecessary at this time to . enter upon the reasons which have broucht my mind to the convictions I feel and entertain on this i-ubiect. They have been over and a cr again repeated. If some of those who bave preceded me in this high of fice have entertained and avowed dif ferent opinions, I yield all confidence that their convictions were sincere. 1 laim only to have the same measure meted out to myself. V ithout going tur- ther into the argument, I will say that, ;n looking to the powers of this Gov ernment to collect, safely keep, and disburse the public revenue, and inct dentally to regulate the commerce and exchanges, 1 have not been abluto satis fy myself that the establishment by this tiovernmer.t of a bank ot discount, jn ;he ordinary acceptation of that term was a necessary means, or onedenaan 'led by propriety, to execute those pow ers. What can the local discounts of the bank have to do with the collecting sate-Keeping and disbursing ot the rev muc? So Jams the mere discounting of paper it is concerned, is quite imma terial to this nLfMion whether ll.c dis . ' oiint is obtained at a State Bank or a United States Bank. Thev arc both tquollv localboth beginning and boi i.dinz in a local accommodation What influence have local discounts, granted by any form of bank, in the regulating of the currency end the ex- banges? Let the history of the late ' '-nitcd States Bank aid o in answer 2 ttiis inquiry. w . h or vers I yea1 after the establishment of thai initiiuiion, it d. lt almost exclusively in toc.il di counn, ilurii.g thnt period ilia country wa, Tor the mot part diaippoiuleJ in the onReu,ue)icc antici pated frmn il Incorporation. A uniform currency wa not piovidcd, exchange were not regulated, end little or nothing ai added to the general cir culHtimi : and in I8SU it rmharraimcnt had be come ao g eat, tliat lite director peKiioieJ to Con grraa to repei 1 tint article of ihe charter which made ita notea itceivable evrryhere fur public due. It had, up to that period dealt to but very amall extent in excharge, either foreign or domcatic, and aa late a 1823 its epcrulion in that line a mounted to -a little more than seven milliona of dollnra per annum. A ve y rnj.iJ augmentation soon after occurred and in 1933 ita dealings in exchange amounted to upward of one hundred million of dollar, inclu ding the aalca of it own draft ; and all thcae Im mense 4 ausaclions were effected without the em ployment of extraordinary mean. The currency of the country became aound, ami the negotiation in tha exchange were carried on at the lowest po eible rate. The circu'ation wa increased to more than $22,000,000, and the notea f the bank were rcgirdcd a equal to epecic all over the country j thua allowing almoat conclunivly that it was the capacity to deal in exchange, and not in local die counta, which furnished Iheae facilitica and advan tage. It may be remarked, loo, that notw itl.itnnding the immenae tramaitiona of the bank in the purchaee of exchange, the loose sustained were mer -ly nomi nal ; while in the line of discount the suspended debt was enormous, and proved most disastrous to the bunk and the country. It power of local dis count hap, in fact, proved lo be a fruitful aource, of favoritism and corrup'ion, alike destructive lo the put lie moral and to the general wen). The capital invested in bank of discount in the United State, created by the Slate, at thi time xceed f 350,000.000, and if the discounting of lo cal paper could have produced any beneficial effect, the United Slate ought to posses the aounde.it urrrney in the world; but the reverse i s lun.eiit- ab'y ihe fuot. I tho measure now undt r conid ration cf the ob ertiotitiblo ihaiacicr to whir h 1 h.ive apudrd 1 It ia learly ao, unlet by the JOtti 'fundamental artiele f the 1 Ith aection it is mmlo olheiwiae. Tiut ar ticle ia in the fallowing words : The directors of the aaid corporation shall ealnb- ish one competent oifice of discount and deposit in ny Siatc in which two thousand share ahull buve hcii sulscrilied, or may lie ht-lJ, whenever, upon ppliration of the legislature of such Slato, Congress ui:iy by law require tho lame. And the aaid direc tor may aUo eslatdiih one or more competent offi ces of dircount ond depoiile in any territory or dia- lict of the United States, and in any State, with the assent cf uch State ; and when established, the said office or office shall be only withdrawn or removed by the aaid directora prior to the rzpiras tion of thi charter, with the previou aesent of Congna : Provided, in recpect to any Slate which hall not, at the first eonion of the legislature thcre- f, held after Ihe paasage of thi act, by reiolution, or other uauul legislative proceeding, uncondilion- lly assent or disfent to the establishment of auch office or office, within it, such assent of the aaiJ State ahull be tho. eafter presumed : And provided, mrerlhtlesn, That whomever it ahall become ncces- jry and proper for carrying into execution any of be powers gianlod by Ihe Constitution, to establish an office or offices in any of the Statu whatever, and the establishment thereof ahall be directed 'by aw.it shall be the duty of the aaid director to es tablish such office or offices accordingly. It will be seen that by this ctau e the directors are invested with the fullest power to establish br.inch in any State which has yielded ita assent; and having once established auch branch, it shall not afterwaid be withdrawn, except by ordei of Congress. Such assent is to be implied, and tJ have the force and sanction of an actually express ed assent, "provided in reject to any Bute which shall not at the firit union of thu legislature theie- of, held after the paasago of thie act, by rttolution or other usual legislative proceeding, uncondition ally assent or dissent to the establishment of such office or offices w ithin it, such assent of said Sute ahall be thereafter presumed." The arnt or dis sent ia to be e i pressed unconditionally at the Jim tttsion of the hginluture, by tome formal Icgitlative act ; and if not ao expressed, ii assent ia to beim- filied , and the directora are thereupon invested with powei, at such time thereafter as they may phase, to establish branches which cannot afterwards be withdraw n, except by reo!v of Congrc. No matter what may be thu cause which may operate with the legislature, which either prevent it from speaking or addrosM' itself to its wisdom, to induce delay, it assent is to be implied. Thi iron rule i to gio way to no circumstance it ia unbending and inflcxahli'. Il ia the lunguage of the master to the vasal en unconditional aruwri ia rluiinid foithwilh : and delay, postponement, or incapacity to answer, produce ) implied assent which is ever after irrevocable. MiiHjr t)f the State election have already taken place, without any knowledge, on Ihe part cf the People, that auch a question vrsa lo come up. The Representative may d( re a etbmiesion cf the question to their Constituents preparatory to final action upon it, but thia high piivihg ia denied; whatever may be the motives and view entertained by the repreaenta live of ihe People, to induce delay, aeiit ia to bo presumed, and 'is ever afterward binding, unless their assent ahall be unconditionally expressed at their first setiion after the petsaga of this bill into a law. They may, by formal resolution, declare the que Hon of asaent or disaent te be undecidej and postponed, and, yet, in imposition to their ex- priss decUra'inn le the contiary, their assent ia to le implied. Cas s innumerable mithi be cited to manifest the irrationality of such an inference. Let one ne two in addition suffice. The populsi branch ol ikf Legislature may erects it dint by an u- nunimom vote, and it resolution may be defeated by a lie vote of the Sonsto i to be implied. - Doth branches of the legislature msy concur in a resolution of decided dient. and yet the Gover nor may exert the veto power conferred on him by the State Constitution, and their legislative action be defeated j and ye I the assent oflhe legislative au thority i implied, and the director of thi contem plated institution are authoriied to citablish a branch or bianche in audi State whenever they may find it conducive to the intereat of the alock holder to do so; and having once eiubliched it, they can under no circumstance withdraw it, ex cept by act of Congre. The State may after ward protest against such unjuit inference, but it authority ia gone. It aascnt ia implied by it failure of inability lo act at il first session, and its voice can never be heard. To inferences so violent, and, es they seem to me, irrational, I cannot yield consent. No court of justice would or could sanc tion them, without reserving all that i established injudicial proceeding, by introducing presumption at vjrijnce with fact, and inference at the expence of reason. A Sta'e in a condition of dure would 1 presumed to speak, as an individual, manacled and in prison, might be presumed to tie in the en joyment of freedom. Far belter to say to the Hute boldly and frankly Congre will and aubmia.-ion ia demanded. It may be aaid (lint the director may not estab liah branches under auch circumstance. Hut thi is a question of power, and thin bill invest them with full authority to do so. If the Legislature of New York, or Pennsylvania, -or any other State, should be found to lie in such condition a I have up posed, could there be any security furnished against such a step on the part of tho director ! Nay, is it not faiily to be presumed that this proviso was introduced for the sole purpose of meeting the con tingency referred to 1 Why else should it have been introduced) And I submit to the Senate, wheth er it can be believed that any State would be like ly to ait quietly down undor auch a state of things ! In a great measure of public inteiot their patiiot ism may be successfully appealed to: but to infer thrir assent from circumstances at war with such inference, I cannot but leg ird aa calculated to ex cite a feeling at ftlal enmity with the peace and harmony of the country. I must, therefore regard thi clause aa asserting the power lo be in Congress to establish offices of discount in a State, not only Without it assent, but agninxt it dissent; and so regarding it, I cannot aanction il. On general principle, ihe right in Congreas to prescribe term to any State, auppliea a superiority of power and control, deprive the trunaction of all pretence to compact between them, and terminates a we have seen, in the local abrogation of freedom of action on tho part of tho Stale. But further, the State may express, after most solemn form of legislation, ita dissent, which may from time to lime thereafter be repeated, in full view of ita own inti rest, which csn never be separates from the wise and beneficent operation of thia Government : and yet Congress may, by virtue of the last priviso. o verule ita law, and upon giounds which, to auch Slate will appear to rest on constructive necessity and piopriety, and not anything more. I regard the bill as ass rting for Congre- the right to incorpo rate a U. S. Dunk with power and lo establish olficcs of discount and deposile in the several Slates of this Union with or without their consent, a principle to which I have always heretofore been opposed, and which can never obtain my aanction. And wai ving all other considerations growing out of its o ther provisions, I return it to the House in which it originated, with these my objections to ita approval. JOHN TYLEK. The Drowned Lovers Identified. The Philadelphia Daily Chronicle of Saturday says A gentleman residing in the vicinity ofEaston, in thi Slate, called at our office yesterday and tel.ited to ua the following ftcU. About six mile thi tide of Esston, reside a highly respectable family of the name of Wood. Their daughter, an amiable and intelligent girl, named Eliis, unfortunately became acquainted with a young man in the neighborhood, whose character was any thing but reputable,. He wbb given to every kind of vice a spendthrift a drunkard, and a gambler. For two years, the pa rents of the unhappy girl opposed the match, know ing that if it did take place, misery, tribulation, ai d aorrow would be the lot of their daughter. Thia was only adding fuel to ihe flame already kindled in the bourn of Eliza. Suffering and disappoint ment strengthened, instead of weakening her love She waa fondly and devotedly attached to the object of her choice. A few duya before the discovery of the bodies in the Schu)lkill, Eliza and bet lover left East on. The mother of the unfortunate girl, reading the account of the transaction in the papers, came to the ci'y f r the purpose of seeing the bodies, and if possible, i dentifv them. She repaired to the Urcen House, at Dush Hill, immediately on her arrival, but to her great grief, the bidie had been interred three day U'fore, She however obtained from Mr. Hill, the keeper of the (ireen House, a correct and exact de scription of the female, her appearance, dress, and the ear ringa Which a'.e wore. The dresa answered exactly in color and muke lo the one her daughter had on the day ahe eloped from her home, and she felt perfectly ssti-fied that the unfortunate deceased was her own daughter. These are the facta related to ua by the gentleman from Easlon, and he asya that so certain are the family aa to the identity of their cbild, that they hat been in deep mourning ever since the return of the mother to bar home. Narrow JCacana of Mr. Webster. The Washington correspondent of the Allaa say "Mr. Webster had a narrow cat-ape yesterday. He waa rilling with his servant in a buggy, when the horse took fight, bee i ma unmanageable, and run at fall speed round Capitol Hill, till he arrived at the N'oith Eastern gate, when Mr Wi directed hi man to turn him into ike grounds. In execu ting this delicate aoanetuvir, tha wheel struck the poet, end w is turn off, and the ndera were violent ly thrown out, but carspod with a few light bruise. JIIK ADFUli ftTKAMBOAT ACCIDENT. Burning of (he Krle on Lake Krlt-Ovtr Two Hundred Llvca Lost. Corrctpondence of the A'ew York Tribune, ? livrraLO, August 10, 1841. j I)run Si Enclosed I send you a Duffalo pa per of thi morning, containing a brief notice of the loss by fire, last night of the Steamboat Erie, toge ther with nearly two hundred person. I also send few incident which I gathered in a brief conver sation with one of the aurvivor, Mr. Parmelee, the bar-keeper of the boat. The Erie k-ft her lith al Buffalo, for Chicago, between 6 and 9 o'clock, P. M ., on Monday, with a large number of passengers, nearly a hundred of whom were Swing emigrants. The lint of passenger, a taken by the Captain, numbered 205; but in addition ! those, there were cveral young children whoae name were nut la ken, and aome also, it is auppewed, who bad not pnit! Iheir fire, when the disaater occurred. So that il i probable that the passengers, together with Ihone attached lo the !ont, numbered lint lesa than 230 or 240. The fire was discovered about ten minutes beforo 8 o'clock, off S.lver Creek, a dis tance of 25 or 30 mile from Buffalo. The flame first appeared running rapidly acros the boiler deck, a permanent platform of a foot or two in height, lo protect the boiler where it project above the main deck. From it vicinity to the boiler, it had become highly inflammable, and it ignition wa facilitated by a recent coat of paint which it hid received. The boat' head waa immediately di rected toward the land, which waa five or aix mile off. The flames spread with great rapidity. Peifecl confusion succeeded, in the midst of which the amall boat, hanging astern, was lowered by lha hand and brought to the side. After a few ladiea had been hinded down, (he frenzy of those behind became uncontrollable, and numbers leaped in beyond the capacity of ihe boat lo sustain them, and it swam ped. Several of those who fell from the boat were drawn under the wheel, and there were drowned, while a few clung to the boat' aides, and were final ly aaved. A second and third boat weie rendered useless by the same infatuation. S.mie five min utea after the appearance of the fire, Ihe machinery became deranged and stopped. So rapidly did the flami s sptcad, that although there were a quantity of lifo preserver in the ladies' cabin, they could not be reacheJ, aa the cabin was almost instantly in a light flame. Twenty minutes only had elapaed from the beginning of the fire, but af cr the intense neos of the heat had forced overboard every other person, when Capt, Titus threw himself into the water, and abandoned the boat to ita fate. The fuw who then remained alive were tossing in the midst of a heavy swell, dependant upon the preca rious support, one ol an oar, another of a plank or box, and liable every moment to loose their hold through exhaustion and the benumbing effects of fright. The steamers Do Witt Clinton and the La dy perceived the light about quarter past 8 o'clock from Dunkirk, where they lay, and put out imme diately to her relief. But a distance of ten or fif teen miles intervening, they arrived in time to save only 29 out of the large numlier who a few hours before had left Buffalo, with perfect confidence of a pleasant trip. The Clinton, will) 27 of the raved on board, took the hull of the Erie in tow for Buffalo ; after having U-en drawn, however, fifteen or twenty miles, the remnants of the wmk suddenly rank. The pas tengi rs were taken to the Ameiicsn House, where they now are The Lady teturntd, with the two the had picked up, to Dunkirk ; one of rtiem was my informant. He had thrown himself overboard jn a plank, when be asw further efforts to be useless, but he relinquished it to a friend who could not swim, and took for hi own support the "fender," which just then fell by its side. He state that those who aurvived the swamping of Ihe bouts clung with desperation to the burning wreck, except a a few found other aupport. One mm he saw stand ing for some minutes on the gallows beam, the flames encircling him, with his coat-skirt thrown over hi brad, till be dropped dead into the body of the flame. One of the wheelmen is said to have been burnt up doing hi duty at the helm. Young Beehe, (a lad of 14, one of those saved,) ia reported to have behaved with great courage. Aa he de scended the guya to the water, Ihe chain waa ao hot that he left masses of flesh upon the rod at every clasp of hi hand. Reaching Ihe rudder he stood uion that, and soaking hi jacket in the water, he applied it to assuage, the pain of hi hand-, and then used it to extinguish the fire from hia dies and part nf the wreck near him. Though badly burnt be ia likely to recover. The only lady who waa saved, (Mr. Lynde, wife of C. J. Lynde, Esq., of Milwaukie.) wa atanding at th alern of the boat ! comrnuica,et ,inoe ,he a,, intelligence of the In wilh her husband, arranging her life-preserver about '. ian. Vcfv ...MU. her person, when the boat gava a lurch and preci pitated her into the water. She saw nothing more of her husband, but was herself buoyed up till the Clinton arrived. The first notice which the bod I ws upon (the Fulton) bad of, thia d event, wa at Dunkirk, a bout 6 in the morning, where Mr. Parmelee came on board. The boat Waa placed upon the track of i the Erie, and in about an hour we perceived many indicationa of the disaster. A basket, a chest of tea, and a box of lemon were picked up, 1 resent' ly th. numeroue .mail piece, of burnt wood, em- braced in quite a small area, indicsted the immedi ate scene of the catastrophe. Aa they were seen al some distance off, the boat checked her speed, am) her slow and solemn motion over the unmade graves of hundreds, the measured surge of the waves ander her prow, and the aound of the occasionally puf fling steam, were felt to be more solemn than any common tribute to th memory of the dead. Soon after we left thia spot, we picked up one of ber boats, parta of wlrich were covered wilh lha burnt flesh frem the hand and feet of those who jumped into it. Mutt of these facia were derived from lha her ke per, and aome are Ihe rumora current in Buffa lo. There it a common agreement in the belief thai three demijohns of varnish cVc , exploded, and the liquid came in contact with fire. In great hsstc. E. A. M. J. Nam or Psmoxs kmowr to at Lost. Mr. Willism, of Chicago, Mr. (J. J. Lynde, of Md waukie, (graduated at New Haven in 1836 for merly of Homer, N. Y.,) Mr. V. S. Lynde (a bro ther) of Homer. Most of the Swiss were destined lor Akron and Cleavelatid. From the Baffatt Pep., Tuesday, Auir. 10, 7 it. M. MOST HOKHIDLE EViJNT. The steamboat Erie, Capt. Titua, left nur port taat evening, crowdej with passengers. By some mean she took fire during the night, and wa com pletely conumcd, (inking about dnylght We have bnrcly time to give the norne of the saved, nor could we learn many particular. The De Witt Clinton saved 27, some badly and aome clight ly burned. The whole of the passengers saved, ap peared loo much overcome by ihe horror of the night to give any account, and we would not add to their misery by asking question. The Eiie we burnt very nearly where the W. hington waa burnt some years ago. She wx a fine bust, almoat new, and belonged to Mr. Reed of Erie. Name of the person laved from the Erie, by the De Witt Clinton, Capt. Squire: Capt. Titus, master of ihe Erie, Dennis McBiide, First Mate, Wm. Hughe, Second Mate, Edgar Clemen, Firt Engineer, Je-oine McBride, Wheelman, badly burned, Win. Wad worth, one of the Band, Alfred O. Wilkinson, East Euclid, Ohio, Harrison Forrester, Harbor Creek, Pa., Thomas Quiiilin, Middlefiuld, Ma., Robert Robinson, colored, Bar bar, Hiram De Graff, J. II. St. John, C. Hogg, badly burned, Jno. Wincbell, Buffalo, Mr. Williams, Chicago, W. Johnson, colored, Cook, James Loverly, Wheelstiinn, Theodore Sear, Painter, Luther B. -Searle, Fireman, Mr. Lynde, Milwaukie, Thoa. J. Tain, Pillslield, N. Y. Son of George Beebe, Cleavefaud, Tive German, three of whom were badly burned. We learn further that a quantity of spirits of tur pentine and other combustible matter, used by pain ters, was on deck near the boiler, and it i suppo sed ihe heat ignited it, and wrapped the boat in stantly in flame. There were, we learn, a little over two hundred passenger, beside the crew. We heard the thricks of a woman who came on board the De Witt Clin ton, and found her husband dreadfully burned, lying helpless, and almost hopeh . Two other persons were saved by another boat. Glorious News from Florida. RercBMCA OrricK, Savannah, August 7, 1641 Co-a-coo-ciiek's whole BASH is closk or tbi Ftoum Win. By the U. S. steamer Gen. Taylor, Capt. Peck, arrived here yesterday, we have tho gratifying intelligence from Florida that the war, for the ninety-ninth time, may now be considered at an end. Wild Cat' whole band, men, women, children and negroes, 1C0 in all, have come in at Tampa, and 40 more Indians of another band were on their way, and were expected at Tam pa in two daya. A gentleman who came on in the Gen. Taylor aay that he doe not ihiuk anoth er rifle will be fired by the enemy. When Co-a-coo-cbce' family came in, Col, Worth told him that he might go on ahore from the schooner where he was confined and are them. He refused lo go, laying that though he waa anx ious to see his family, he would not permit them to see him in irons. The Colonel finally consented to let him go on shore without Ih shackles, and af ter warm gtecting with hia family, he dined with the Colornl, and then returned on board the schooner. A soon a hi iion were replaced, he told Col. Worth that he hid but one request more to make, and that win, to allow him and hit peo pte to go )Yest at toon at possible ! St. Auotsthk, August 3. The account from Key West are of the most deplorable nature. The yellow fever ia aaid to be raging at that place, and very fatal a large numlier have already fallen vie lima lo it. One of the unfortunate victim i Mr. London C. Kenry. The fever ha been Hill wore at Havana, and we learn that there are nine American ships now lying in that port without a soul on board, all having died of the prevailing fever. I We havo no further new from Tampa TtaV to From Mntamora. The Matamora Anchor of the 5th July, ay, "information haa been received from Vera Cruz, of the arrival there of a Minister from Texas, repre senting the object of hi mission to be, to negotiate foi Ihe recognition of the independendence of Texas by Mexico. This announcement excited indignant feelings on the part of Ihe government, and was opposed, notwithstanding the British Minister con tinually urged the Texian request, and appeared lo I ,l,e mai" uwi ot ,be Pl'Iic-tio... Notwilh. standing the rejection of the proposals of Texas for peace, we have see that ihe 8enute have rejected the bill for a loan of Iwo millions passed by the de puties to carry on the Texas campaign, t'n for in nate Mexico ! If the campaign is not made, th in dependence of Texas ia the aame as consummated." There appear lo be a general prostration of bu sines thrcDghout Mexico. In the capital il wa aaid Don Lucas Alaman had failed for more than one million of dollar. Taa STXiataoAV Ban. The Albany Adver tiser say that there was on deed of heroism on bond thi beat wbirh should not be Irfl unrecorded. A letter from Buffalo informs ua thai Ih. Pilot stood to hia post at th. wheel, keeping the head of the aleamboal to the ahore, until h burned to death. ; Hia nam., wc btli.ve, wss Luthei Fuller. THE AMERICAN. Saturday, Jtugtitt 21, ! 84 1 . Vem0crattc Candidates. ton oovmrroK, Uen. DAVID 11. POUTER, rna akiblt, Iavll II. Montgomery. FOR lOMMHSIOSm, I'hlllp Wclscr. run TRCAaunice, CU'orge Wclscr. ron ACBITOB, lliigli IavlMon. Wuio CAanniATis. For Governor, JOHN BANKS. For Assembly, Or,. HENKY FRICK. For Commissioner, DAVID McWILLIAMS. For Treasurer, PETER LAZARUS. For Auditor, JACOB PAINTER. (Xj The Bankrupt Bill ha passed both Housei fj" We present our readers tbia week wilh new of exciting and painful interest. The destructio of the steamboat Erie, which was burned on th lake with ihe loss of nearly two hundred souls, wi cairy pnin and grief into the booms of many a ogoni.ed pan nt and relative. The veto of ih Bank Bill, it will be seen by cur published pioeee. ing of Congress, created, a might be expected, a unusual degree of excitement. Il seem now to t a matter nf acme doubt whether the Distribution Lund Bill, and the Bankrupt Bill will be passe this session. The fate of both these bill are said t be in a measure insepcral ly connected. The bi repealing the Subtreasury received the rignature i the Pieaident on the 1:1th inst. This had give some of the friends of the Bank Bill some fcit hope that the President would sign the bill, an indeed, that impression had become very general. (Jj- The veto of the President, it wiK be seen, unqualified and unconditional. He will never ig a bill, incorporating a Bank with branches, utub any circumstance. Thus, during the administr lion of John Tvler, there is no hope of such an ii titution being established. From indications app rent for aome time past, it is evident that the whit proper will abandon the President. The cup hope, lung deferred, has been dashed from their li when they leastexpect.il it. A dissolution of tl cabinet must necessarily follow. Ewing, it is sai will be left out. Webster and Badger will be r appointed. A correspondent of the last Miltonian aj that himself, w'rth a number of democrats intend I vote for Gen. Frick instead of David B. Montgi mery, and begs if the General should be electe. that the whig wi I not claim it as a whig triump Whereupon the editor of that paper gravely asser: that if Gen. Frick should he elected, they will an that he ahull owe bis election to the Poiter me who shall vote for him. Now ihi is certainly conceding too much, cm sideling that Gov. Porter will not have more than thouaand majority in the county. The conespot dent of the Miltonian, however, need not fear an inch contingency. Good democrat never mat terms with their political opponents, because ce lain selfish views of their own may bave been di featrd. l'ostagfs We trust at the nexl session of Congres snmi thing will be done in relation lo Postage. It is subject in which the country i deeply interest, and well wortky of investigation. In England, great revolution has been effected in relation to po; lage, within the last Iwo years. Le'ter, not e ceeding half an ounce, are carried lo any part of th kingdom for about two cent. The postage then formeily, rated even higher than our own. Th teduced rate have, however, ao increased the cor respondence, that in the courae of anoihei year ih revenue of the department will be fully equal t what it had been under the old rates, while the sc vantage to the people possessing such cheap ieril tic, are ahnO.-t incalculable. We would not recoinmehd reduction to th aame extent) but we firmly believe, if lb. fate i letter po-tige was fixed at five cents, for all li tter not exceeding half an ounce in weight, without r gard lo distance, the revenue in tha course of a fev years would be fully equal le the expenditures. It would be, however, necessary to abolish, in measure, the present wholesale franking privileg now enjoyed by members of Congress, breakin down our mail without any real or apparent bent fit lo the community. Tone of document are ai most daily despatched, nine-tenth of which ar deemed worthless, and probably not looked int. All important document of interest are general) published and read in the newspapers, twfore the ran be distributed under the franks of lb. mernben The memliers of the British PajhsrsKnt volunlaril surrendered the franking privilege. Have our merr Istra of t ent r let msgnaniniitv and patriotuia W trust not.