Niles' Weekly Register. (Baltimore, Md.), Vol. 14, No. 23, Ed. 1 Saturday, August 6, 1836 Page: 15 of 16
sixteen pages : ill. ; page 10 x 7 in. Scanned from physical pages.View a full description of this periodical.
Extracted Text
The following text was automatically extracted from the image on this page using optical character recognition software:
NILES’ REGISTER—AUG. 6, 1836—WALLED BANKS OF THE SABLE. 391
corrupt legislation, what security have the people for any right
they possess?
The “republicans” of Sullivan county, N. H. had a celebra-
tion on the 4th at Newport, at which the governor was invited
to be present, but being unable to attend, he sent the following
toast.
Uy Isaac Hill—The best governmental protection and encou-
ragement to the American people—No taxation beyond the
wants of the most economical administration—no principle of
distribution acknowledged which shall induce to a treasury sur-
plus—a substantial constitutional currency established, taking
the place of that system of inflated credits which tempts to
speculation only to destroy confidence and ends in bankruptcy.
-----e © ©*-
MR. VAN BUREN'S OPINIONS.
From the N. Y. Evening Post.
The following letters have been sent us for publication:
New York, 13th June, 1836.
To Martin Van Buren, vice president of the United States:
SIR: Pursuant to the instructions of a general convention of
the democratic party of the city and county of New York, in
favor of equal rights, and opposed to all monopolies, we submit
to your consideration, as the candidate of the Baltimore conven-
tion for the office of president of the United States, the follow-
ing “declaration of principles,” for the purpose of receiving an
expression of your views in relation to them.
1st. The tine foundation of republican government is the
equal rights of every citizen, in his person and property, and in
their management.
2d. The rightful power of all legislation is to declare and en-
force our natural rights and duties, and to take none of them
from us. No man has a natural right to commit aggressions on
the equal rights of another; and this is ALL from which the law
ought to restrain him. Every man is under the natural duty of
contributing to the necessities of society, and this is all the law
should enforce on him. When the laws have declared and en-
forced all this, they have fulfilled their instructions.”
3d. “That the idea is quite unfounded that on entering into
society, we give up any natural right.”
4th. “Unqualified and uncompromising hostility’ to bank
notes and paper money as a circulating medium, because gold
and silver is the only safe and constitutional currency.”
5th. Hostility to any and all monopolies by legislation, be-
cause they are a violation of the equal rights of the people.
6th. Hostility to the dangerous and unconstitutional creation
of vested rights by legislation, because they are a usurpation of
the people’s sovereign rights. And we hold that all laws or acts
of incorporation passed by one legislature can be rightfully al-
tered or repealed by their successors.
Whilst we express individually the greatest respect and es-
teem, it gives us pleasure to acknowledge the exalted opinion
entertained of your career as a statesman, and the pride with
which you are claimed as a citizen of the state of New York by
those whom the convention have the honor to represent.
ALEXANDER F. VACHE,
STEPHEN HASBROUCK,
ALEX. MING, Jr.
E. W. GRAHAM,
M. JAQUES.
Washington, July 6th.
Gentlemen: I have bad the honor to receive your letter, with
an accompanying “declaration of principles,” adopted by a
“general convention of the democratic party of the city and
county of New York, in favor of equal rights, and opposed to
all monopolies,” and return you my sincere thanks for this
mark of your respect. In the great principle with which you
set out, viz: “that the true foundation of republican govern-
ment is the equal rights of every citizen in his person and pro-
perty, and their management,” I fully concur, and honor and
respect all temperate and well directed efforts to protect and en-
force it. For my views in regard to other propositions contained
in the declaration, and especially to those which relate to the sub-
jects of banks, paper money, specie currency and monopolies, you
must allow me to refer you to a public course of no inconsiderable
duration in the state and federal government, and to a succession
of public declarations heretofore made by me. On some of the lat-
ter subjects I shall also have an occasion for a further public ex-
pression of my opinions in reply to a call made upon me before the
receipt of your letter. To these acts and expressions I respect-
fully invite your candid consideration, and if they should be
found to bring my principles sufficiently near to those you
espouse to entitle me to your confidence, I shall be proud of
possessing it.
Accept, gentlemen, my thanks for the kind expressions con-
tained in your letter, and believe me to be, very respectfully,
your obedient servant, M. VAN BUREN.
To Alex. M. Vache, M. Jaques, Stephen Hasbrouck, Alex.
Ming, jun. and E. W. Graham.
—**• ©0-
WILL OF THE LATE JOHN B. YATES,
OF MADISON COUNTY, NEW YORK.
The late John B. Yates died possessed of a princely fortune.
“A large estate," says the Albany Argus, “between three and
four hundred thousand dollars, over and above a very ample sup-
port for his willow, and other legacies, he has set apart for the
purposes of literature and science. He has shown, in his dying
moments, his regard for the morality, happiness and character
of his country. Indeed, this was his ‘master passion, strong
in death,' and posterity will enrol his name among its noblest
benefactors. During his life, he evinced the same unceasing
solicitude for the general good. At his own expense he estab-
lished the Polytechny school at Chittenango, which was ably
conducted, and continued in successful operation forten years.
His financial operations and unremitting exertions, in connex-
ion with his partners, raised Union college from a state of com-
parative insolvency to that of opulence and distinction. He
conveys all his property to Mrs. Yates, his widow, Charles
Yates, William K. Fuller and George K. Fuller, in trust; and
after providing for certain bequests, he directs as follows:
Extract from the will of the late John B. Yates, esq.
“I direct farther that my said trustees apply the remainder of
my property, my real and personal estate, if any there shall be,
to the endowment and support of a school embracing literary
instruction, combined with the pursuits of real life of every
practical description. The institution to be called the Poly-
techny, upon the plan as near as may be, laid down in the me-
morial presented by me to the legislature of the state of New
York, and the report of a committee and draft of a law founded
thereon, during the session of the year 1830. If after winding
up my affairs, it shall be ascertained that there are funds suffi-
cient left to commence and found such institution, I then wish
my trustees aforesaid to petition the legislature of this state to
accept this devise for the object named, to confirm its perma-
nency by a legislative act, and make the necessary arrangement
for its uniform and steady government by the appointment of a
governor or director, who shall not be liable to removal by the
fluctuations of party or the miserable charlatanry of political
jugglers.
“If such a law, to the satisfaction of my said trustees, can-
not be obtained in this state, 1 then direct that as soon as may
be, without incurring unnecessary loss, my whole estate left
after the legacies and devices be disposed of, on the terms and
in the manner that shall be thought most advantageous, and as
it shall from time to time be disposed of or sold in such portions
as may be offered at the various times and the money received
therefor, that the same be invested until the sum of one hun-
dred thousand dollars be funded, and they are requested in that
event to form such an institution in any state which a majority
of them please to select, which is willing to give the proper ir-
revocable legal guaranty for its permanency, and appropriate
not less than one thousand acres of land for the purpose. The
income only of the one hundred thousand dollars to be applied
in this last case to the support of the institution, and the prin-
cipal to be transferred to the state and kept by it invested for a
school of this description. If afterwards agreater residuary sum
than this shall be realized, I then direct that the balance, not
exceeding 100,000 dollars, be offered on the same terms to ano-
ther state, and if more be left, that the same course be pursued
with the balance and a third state, and so on until the whole
residuary estate be thus applied and absorbed in amounts not
exceeding as above $100,000 to each.
“Having ascertained with certainty to my own mind, that al.
most all political men of all parties are more particularly anx-
ious for personal aggrandizement than any permanent arrange-
merits by which the general standard of popular information
may be raised, and thus greater stability be given to the political
institutions of our country, I am apprehensive of the same se-
cret opposition which I have experienced and which I know ex-
ists to every project of the sort. It is therefore my wish that a
printing press, and weekly paper at least, devoted to the pur-
pose of advocating the diffusion of literary information among
all classes of people, be established, connected with the insti-
tution, and printing and book binding in all its branches, form a
branch of the mechanical occupation of a portion of the stu-
dents in the institution. It also is my will that a professorship
of law be established, and that every student be made familiar
with the constitution of the United States and each state in the
union, at as early an age as possible, and to be connected
throughout with the moral and religious instructions of the in-
stitution. Being also firmly persuaded that the safety of soci-
ety and its proper moral government cannot be sustained with-
out a high regard for the present legal domestic relations of life,
it is therefore my wish, that no illegitimate child shall be ad-
mitted into the institutions whose parents shall not have legally
intermarried, either before or after the birth of the child, and
that such prohibition be made a fundamental law of each insti-
tution which may be established under this will. If my life
shall not be spared to settle my estate myself, and ascertain its
value, so as to know accurately what may be left for this pur-
pose, and also enable me to form a more full and detailed plan
for the government and management of the institutions, and
the specific appropriations for each object, which from the un-
certainty of the amount 1 cannot now do, I leave the manner
and extent of the arrangements to the sound discretion of my
said trustees, in conjunction with my friends John Savage,
chief justice of the state, John Van Ness Yates, of Albany,
and John C. Spencer, of Canandaigua, whom I solicit to aid
my trustees by their counsel and advice in organizing and estab-
lishing the said institutions.”
—PHNS © ©*-
WALLED BANKS OF THE SABLE.
From the Rochester Intelligencer.
If my reader has ever sailed through the length of Lake
Champlain in either of the admirable steamboats which daily
Upcoming Pages
Here’s what’s next.
Search Inside
This issue can be searched. Note: Results may vary based on the legibility of text within the document.
Tools / Downloads
Get a copy of this page or view the extracted text.
Citing and Sharing
Basic information for referencing this web page. We also provide extended guidance on usage rights, references, copying or embedding.
Reference the current page of this Periodical.
Niles, Hezekiah, 1777-1839. Niles' Weekly Register. (Baltimore, Md.), Vol. 14, No. 23, Ed. 1 Saturday, August 6, 1836, periodical, August 6, 1836; Baltimore, Maryland. (https://texashistory.unt.edu/ark:/67531/metapth1694176/m1/15/: accessed July 18, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; .