A popular history of the United States of America, Vol. 2 (of 2) : $b from the discovery of the American continent to the present timeHowitt, Mary (Mary Botham)
History
A popular history of the United States of America, Vol. 2 (of 2) : $b from the discovery of the American continent to the present time
Howitt, Mary (Mary Botham)
United States -- History
In order to secure the tranquillity of the western and north-western
frontiers, measures were taken to form treaties of peace with all the
various tribes which had lately been in hostility with the United
States. A congress of chiefs met for this purpose at Detroit, in the
month of September, when alliances of friendship were made, by means of
which extensive portions of territory were ceded, and the tribes
acknowledged to be under the protection of the republic.
The charter of the former National Bank having expired since 1811, a
second National Bank, called the Bank of the United States, was
incorporated by charter for twenty-four years, with a capital of
35,000,000 dollars.
In December, the territory of Indiana was admitted into the Union as a
state, and the territory of Mississippi divided, and the western portion
admitted into the Union as the State of Mississippi, while the eastern
portion became the territory of Alabama. During the same month two
piratical establishments—the refuge also of runaway negroes, the one on
Amelia Island, on the coast of Florida, the other at Galveston, on the
coast of Texas—were broken up.
The time for the election of president being now come, James Monroe was
chosen, and Daniel D. Tomkins vice-president.
About the year 1790, establishments for the home manufacture of coarse
cotton fabrics were commenced in the state of Rhode Island. The
embarrassments to which commerce was subjected increased the demand for
these goods, and large capitals were invested in manufacturing
establishments. At the close of the war, however, when British goods
were again imported, it was found that, owing to the great improvements
in machinery, merchants were able to afford their goods at a much lower
price than the American manufacturer. In order, therefore, to enable the
manufacturer to withstand this formidable competition, a new tariff was
formed in 1816, by which the double imposts which had been laid during
the war were removed, and an increased duty imposed on various
manufactured goods. The return of peace, however, though it embarrassed
the mercantile interests, gave a stimulus to agriculture, and thousands
of citizens who found themselves impoverished, removed westward, where
lands were cheaper and more fertile than in the eastern states.
Emigration from England also set in like a spring-tide, and so great was
the increase of an active and valuable population, that within two years
of the establishment of peace, six new states had sprung up in the
recent wilderness.[78]
Public-domain text, read in full here on John Shaqi.
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