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This newspaper page contains 4 articles. Subscribers can read the full text of each article.
Newspaper
Alton Spectator
Location
Alton, Illinois, United States of America
Date
Aug 18, 1838
Page
2
The excerpt discusses fears and arguments about establishing a national Bank of the United States and its impact on state banks. It contrasts proposed capital and influence with concerns about liberty, state rights, and the balance of federal power over economic credit.
A historical argument urges cutting government receipts to curb extravagance. It favors reducing duties and keeping public money in citizens’ pockets, proposes strict controls on banks, and calls for the government to hold its own funds with strong bonds and safeguards.
The document argues for an independent Treasury to prevent the merging of purse and sword. It contends the President cannot access public funds directly and warns that keeping money in banks empowers banks at the public expense. It also addresses abolition in the District and defends state sovereignty against federal interference.
The first examination of the Mostticella Female Sempinary will occur on Tuesday the Mth of August. Exercises begin at o clock A M and are open to all who wish to attend.
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