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Indianapolis Indiana Journal (Newspaper) - June 24, 1837, Indianapolis, Indiana I vol. Xiv. a a Indianapolis saturday june 24, 1837 no. 785. Published by Douglass amp Ivet. Terms.�?$2 Foo per annul in Advance for 52 numbers�?$3 of at 6 months�?$3 50 at the end of the volume. No paper Vili to discontinued unless at the option of the publishers until arrearage Are paid. space occupied by 250 Ems shall be counted a Square nothing counted less than a Square All Over a Square and less than a Square and a half shall be counted a Square and a half. One Dollar per Square shall be charged for the first three or any less number of insertions and Twenty five cents Forfi Ach additional insertion. Advertisements published by the Quarter or longer will be charged �3 per Square for three months �6 for months or loj Jer annul. Merchants druggists and others advertising by the year will be Cliar cd for two squares $15 50 for three squares $20 for a Quarter of a column of 1000 oms $25 for a half of a column $35 for three fourths of a column $50 for a column $60"per Annunzi. A deduction of 20 per cent will be made on advertisements longer than a Quarter of a column when inserted by the half year or year a he not altered. All advertise meals authorized by Quot statute must be paid for Invar any in. Indy once. Advertisements coming from abfoa5 panted Bijj the. By a brother . A the postage must be paid on All letters to the publishers or they a vow not be taken out of the pos t office. Holtzing s vegetable ague syrup a infallible remedy for fever and ague. It tile increased demand for this a article has induced Al no a o enter More exclusively preparation and i living made arrangements with Irvin Reed by which the distribution of it will be better attended to a All orders adds a l to or myself will be despatched with promptness. The following May be some evidence of its Utility where it is not otherwise known but a m re satisfactory Reo ammend to Timon can be and by giving it atrial. My of acct is notion Jiu to it up for Sale Only but to relieve tie suffering and fince the above named disease prevails in our country o a considerable extent and in Many places where medic Jil Aid cannot be conveniently Obi lined i am confident in offering ibis preparation As a Sovereign remedy that none of my medical Brethren will condemn it without Good cause. Extract of a letter dated Quincy hi., aug. 1836. Or. S. Nixon sir having sold the ague syrup left with us by your agent and from Tite Good Success which i intended it we Are induced to apply for More hoping you will Send us a Quantity on such terms As to afford a a profit. I have used in my practice various remedies for tie fever and ague but found none so effectual to eradicate it As that prepared by you Quot and from my own Obser vation have come to he conclusion that it is a compound found by your experience destitute of All those deleterious medicines which predispose the system to a return of the disease consequently feel an Assurance in its up Doai entertained in regard to the generality of ague remedies by scientific men. Please Forward As soon As possible several dozen of the article to the care of messes. Gwili amp co., Saint Louis also state what you will take for the receipt. Yours amp a. Leni Wells co. Strawtown ind., ans st 2d, ig3g. Or. S. Nixon a please Send me a lot of your Arne syrup by the hearer As i have sold out All which i had and i find there is a great demand for More. Pc have other Premji rations for the same complaint in the neigh boyhood but none other than Quot Nixon a Quot will take. Don to fail to Send plenty of it. Yours respect Fuji j. L. Russey. Forsake by Mother head Dawson amp co., India up. Indiana policy april 22, iv36. Quot Quot notice. A rib Copartnership heretofore existing Between Al the subscribers under the firm of Underhill Wood &.co. Was dissolved on th3 23d ult. By Mutual agree nent. Rob t. R. Under Izill John Wood. Jacob s. Willets. Indianapolis april 5th, 1837. The foundry business will be continued by the subscribers under the Linn of under Fiill amp Willois by whom the a nines of the former firm will be settled and All whose notes and accounts Are due will civil or a Tavor by paying up Forth with. Their of fico Init sure will be at the foundry where they Oiler Lur Sale a Large assortment of Phu is slaves saw Mill calling of andirons Wagon boxes i wheelbarrow boxes &c., �r., Are prepared to furnish to order most kinds of castings wanted in tie country. A constant Supply of ploughs stoves and various kinds of castings will be kept for Sale by Young amp Pottage at their hardware store Corner of washing to and Meridian streets on the same terms As at the foundry. Rob t. R. Under will april a -74-3m. Jacob s. Willets. Or. Abraham Viuker s celebrated rheumatic embrocation applied morning and night has cured hundreds. It gives Relief in the swelling of the glands of the Throat and relieves the numbness and contractions of the limbs and will take swellings Down and inflammations out of the flesh rheumatism bruises and sprains. It gives immediate Relief it strengthens weak limbs and extends the cords when contracted. It is also an infallible cure for the following diseases in horses Viz poll evil fistula Swaney fears sprains old or recent sores of every description by mixing from one third to one half a bottle in milk and molasses and drenching the horse with it will give immediate Relief encases of Colic or Botts. To cure poll evil a bottle must be used at four applications four Days Between each application. For fistula a bottle must be put on at two applications one week Between. If applied in the first stages of disease one bottle will generally detect a cure. Recommendations. Warren Penn. Oct. 1825, to whom it May concerns j i certify that for some years past i have been afflicted with rheumatism and Lumbago and having used a a last i Purchas time without the least pain. 1 Iner Eiore feel it a duty i owe the buffering to make known the benefits i have derived from the use of that n Washington City d. C., nov. 1836. This May certify that i have used or. Vicker s celebrated embrocation and have found it the Best remedy i have Ever made ase of for sprains or bruises and .1.0 for Choc and livery stable keeper. Natchez miss. May 12, 1833. This is to certify that i have been afflicted with chronic rheumatism for ten years past and have used two bottles of or. A. Vicker s rheumatic embrocation which performed a perfect cure. Gustavus Billerica. A sold wholesale and retail by Mothershead Dawson pc co. Indianapolis april 29, >837. 777botanic Medicine. If lately received a fresh Supply of the celebrated Al botanic , the midwife s practical directory or woman s confidential Friend comprising extensive remarks on the various casualties and forms of disease preceding attending and following the period of gestation with an appendix the whole designed for the special use of the botanic friends in the United states by Thomas Ilsey practising physician of the botanic order formerly surgeon in the u. S. Army late president of the conventions Secretary of general correspondence to the Friendly Thom. Bot. Society of the United. And improved with nun Rous engraving a. Pope botanic phys Row two doors East of nov. 26th, 1836. The following Beautiful lines from the Khick Ebocker Are from the pen of George w. Greene esq., american Consul at Rome remembrances. Oft at the hour when evening throws its gathering Shade o or Vale and Hill while half the scene in Twilight glows and half in Sun Light glories still the thought of All that we have been and hoped and feared on life s Long Way remembrances of Joy and pain come mingling with the close of Day. The Distant scene of youth s Bright dream the smiling Green the rustling tree the murmur of the grass fringed Stream the bounding of the torrent free the and Wehbie tender voice no More s a Jasiri but soft o or cach reviving scene the chastening hues of memory spread and smiling each dark thought Between Hope softens every tear we shed. O thus when death s Long night comes on and its dark shades around me lie May parting beams from memory s Sun blend softly in Fojt Avening sky g. W presbyterian go a neral Assembly. Philadelphia june 2. Important prayers had been offered up yesterday morning the question of the Western Reserve was resumed. Or. Jessup As we stated in our last number being in Possession of the floor. That gentleman advocated the views of the new school with great Energy and ability. On the other Side or. Ewing spoke at some length. Several other gentlemen addressed the meeting and the debate was closed by or. Anderson on the part of the old school. The previous question being now called the Assembly divided at 2 o clock when there appeared to be. Of the old school 132 of the new school 105 majority 27 the result of this important decision is that the Synod of the Western Reserve is virtually Cut off from the presbyterian Church As hitherto organized and in Point of fact put out of the House. As May be expected the proceedings of the Day excited intense . Country life. In times like these country life exhibits All its advantages and pleasures in vivid colors. What citizen a haunted by Bank notices with mind flounced and fur beloved like these latter times. A poor Quot Candle Fly Quot encircles our pen round he is evidently in a labyrinth. We take the hint. There now poor bewildered fluttered we have raised our pen and have driven you from the handle so that if you scorch your wings we cannot reproach ourself with cruelty. Quot country Are sure is preferable to a residence in town at this Rich. Compiler. Communication. Trust there is a fund of Good sense in this country which Carmot Long be deceived by the arts either of false reasoning or false . Messes. Editors _ How humiliating it mus the to the honest among those who for past i Gljo yes have denominated themselves the Eram it and exclusive Cua lands of the next every Offei a and resorted to every Means to erect and sustain a measures which have spread devastation and ruin from one end to the other Quot of this wide extended hitherto prosperous nation. Have their the feelings of americans How must the Blush of shame Mantle their Cheeks at beholding the prostration of their country s welfare and the destruction of her Best and Dearest interests. Are they defended from a Patriot ancestry who erected the happiest institutions of the universe amid the bayonets of a menial and hired soldiery a How poignant must be their regret at such an abuse of the legacy bequeathed them for their own and their children s happiness. With this class Only would i for a time hold Converse. It is not to the Vassal slave who Quot lives and moves and has being Quot upon the foul exhalations which Issue from the Charnel House o party depravity that i address a single sentence of this communication. His soul is deadened to a sense of shame. His Birthright has been sold for a Quot mess of he could hear unmoved the last expiring shriek of the child of Liberty in the land which gave Birli and rejoice Vith a fiendish exultation at a Deid of Midnight darkness which immolated the Constitution of country upon the altar of Anin holy vengeance.�? soul has no sympathies with the soul of the Freeman and i shall be com tent to let cringe and Fawn cur like at the feet of master until the frowns of an honest and indignant people shall consign to that station to which a Vassalage meaner than Liat which disgraced the Feudal times entitles Liim. Then As he has never practice a virtue let set k re disturbed by the contemplation of the stagnant Penzance. Or else pass Down the tide of Tijeri the Ilion of n tic and Sii Quot object Ofa nation s scorn Quot unkept Union Ord and in All its departments with thousands due yet inability to meet responsibilities because Toliese Are unavailable a Spectator of general suffering and complaint but pants for the retirement of some Rural Shade where the peaceful Grot is free from these harrass nig incidents of City life a who would not gladly Exchange a City Palace with its Gaudy furniture and dazzling internal equipage for a quiet Homestead far removed from these scenes of distress where a mighty monies revolution is working its influences upon the social and we May say moral world the Quot millionaire Quot of last month May have Little More to reckon up to Day than Market Money. The haughty aristocrat in the course of a few Days bids Adieu to Liis pomp and Pride and circumstance and assumes or reluctantly resigns himself to a place among the humbler part of so Cieto who have a More accurate idea of the frailty of our natures and the fleeting and unstable character of All our works. The contest is indeed great and the Calm serenity and Happy condition of the Tiller of the soil is doubly App irent. Our Mother Earth always bestows her blessings with profusion on grateful hearts and willing hands and a peaceful Solitude in their full fruition is a consumption heightened in importance by these times. Happy the tradesman who has provided himself with a country seat where he May fortify himself amid the storm and defy its pelting where secure in Independence he May rest wearied limbs and Long anxieties be forgot Quot or recollected Only to Glide o or and add a smile to what was Sweet wild speculation has been robbed of her magic Wand by the searcher into deception truth and has been banished in chains to the abodes of evil passion. She no longer decoys the Farmer from quiet domicile or inv Eigles those just entering the theatre of Busy life into far off schemes chimerical nor does her ingenious illusions longer impose upon thie Public i fave ii. 1- flu of �0, Jasien wrecked in the fall. Her bubbles have All burst and we behold her True character. We learn that happiness is not in her hands to dispense and Wisdom informs us that Contentment administers that draught for which we so much thirst. She is the handmaid of retirement and is often or found taking her siesta in the Rural cot than in the Palace. She delights in the shades of Solitude and Seldom mingles in the Busy haunts of Man. Give me then of give me cries the Arcadian those peaceful abodes and let me receive from the hands of Contentment that sighed for cup so that i be relieved of my Many troubles. The system social has suffered great inroads and Many begin to wish for the ancient regime. The return of the Plain unsophisticated Hospital Lii times when people were neighbourly when such ceremony and such Only As propriety sanctioned and a cordial heart found Good was enacted would be hailed by hundreds of hearts with Joy. Indeed we begin to feel As though we should like to see the Long tailed coat knee pantaloons Silver shoe Buckels capped off with a powdered head which we have been taught to venerate Apin the orders of fashion. They Are so entirely in keeping with our ideas of primeval happiness and True Virginia character a the representatives of those times when Quot millionaires Quot were scarce but when every body was Independent. When Virginia s daughters might rival the Mother of the Gracchi and Horatio Tho it was not their lot to be rolled about in carriages nor weighed Down by lace brocade and wineries Wien the administration of Gen. Jackson begun no nation under the Sun was in a More prosperous healthful and enviable condition than ours. It was inc height four Prosperity which ensured Success. We jihad the Assurance of a speedy extinguish ment four Pui Lic debt arising Frum an act of Congress of 181g, which created a sinking fund of �10,000,000 a nully for that purpose. We were in tie receipt of immense amounts from ,. ,. ,. I j with the currency which Iuis resulted from a importations and were enjoying an ,. ,.a.,j j id 1 destruction of the limited state s Bank let me country tie most certain and secure methods of foreign and Domestic exchanges and had Quot whenever required transmitted the funds of the government from one Point to another of expense. Its business had. Been conducted with the most perfect fair Fiss and its issues were not Only commanding an Advance at Home but were enabling the adventurous importer to pay for every thing he purchased in a foreign Market without discount or loss a even of is teas in the Capitol of the chinese Empire. Under this state of things Public calamities were unknown and private misfortunes of rare occur Euce. The issues of the state Banks Yere checked by the controlling influence of the Bank of the United states and the circulating medium was amply sufficient for a healthy and Active Trade tie number of Banks in the entire extent of the United states was be Twe Feii 308 and 320, and the amount of circulation ther wafer a too of the Treasury Quot of january a 183, a which shows that in,1830, there were 320 Banks whose capital was a 45,192,268�?circulation $61,323,-898�?deposites $55,559,928�?Loans and discounts $200,451,216. No doubt existing As to the correctness of All these facts the Public mind was startled when in first message to Congress general Jackson declared that Quot a a must he admitted by All that it the u. S. Bank has failed in the great end of establishing a uniform and sound currency and proposed to establish i a National Bank. Quot founded upon the credit of the government and its revenues after this annunciation the course which it was the intention of the government ultimately to Purrine became a subject of much and harassing individual could assign a reason for the destruction of the United states Bank and therefore it was wondered Why the president should declare that it had Quot failed in the great end of establishing a uniform and sound currency Quot when the reverse was known to be the fact a unless it was the intention of the administration to wage a War of extermination against it twelve months were to pass however before the president declared object to be the establishment of an executive Bank As a substitute for the United states Bank. In message of 1830 he used the following language Quot it is thought practicable to Opuni be such i Bank with tie acc Esstry Oili cers us a Bill Anchor Tylli Treasury department. The states would be strength lined by having in their hands the Means of furnishing Yjih local paper currency thro i Lle Irown this set at rest All speculation As to the intended course of the administration at that time. The War was begun. The Bank of the United states was destined to destruction and upon its prostrate ruins. Gen. Jackson declared that a Bank should be established As Quot a Branch of the tremary department which would place in the states the Power to regulate their a a local paper currency Chr Chi a if Cir Vij n this policy Tylius openly declared became the rallying Point of the friends of the administration Anil never was it changed until after the election of Gen. Jackson fsr a second Teljii. His message of 1831 Only r Coni mended an investigation into the Coridi Ticon of the Bank a after which investigation it was re liar ered by ingress j re charter was vetoed the president declaring that tie action of Congress was premature and Liat neither Quot Titpon the propriety of passing Tiu Law nor a a upon the provisions of the act Quot had he been aids ill Quot Befu Rii i apm Oach they Iiri i of All the Tinkov peace with All the world. We were promised with Reform. That word was engraved upon the Standard under which the faithful ought was emblazoned Forth in bold Relief upon the president s inaugural. It was charged upon the administration which preceded it that there had been fraud corruption intrigue Aud mismanage ment. The Promise to remove these defects renovate the government and bring it Back to its Pristine purity and vigor was sounded thro the land from Maine to Georgia and was re echoed Back from Missouri to the Atlantic sea Board. The people confided in this Promise a their s was an honest Confidence. But it was an evil Day Fortl a destiny of this nation that they yielded that Confidence and repose in false Security. Had they acted otherwise a had not party prejudice erected a Barrier Between truth and falsehood which blinded their judgments and left them unable to penetrate the thin veil which covered the sophistry of their betrayers they Widd not now be mourning Over the dark and inauspicious moments which Decloud their destiny and threaten the a of Freedom which ought list a corruption in the administration of John Quincy Adams How does it compare with that which has desolated the land since the commencement of successor s reign it is like the gentle splashing of the Spray contrasted with the Mountain Waves now Rushing with head Long violence against our country s battlements. But the currency the currency is now the theme upon every lip and extends its influence wherever in our land wealth and luxury Are found or Beggary and bankruptcy convulse the ranks of men. It is the tampering with this the usurpation and misrule consequent upon seizing the Public purse and placing it in the hands of irresponsible agents that has marred our Prosperity and trimmed the brilliancy of our National Escutcheon. In March 1829, when Gen. Jackson came into office the United states Bank was the disbursing agent of the government. It had been the depository of the Public monies since 1816, at Quot Ich time it was chartered most of the prevailing pies then yielding to its expediency and those who had been most prominent in opposing the old Bank of North America surrendering the question As to its Constitution nudity. It had been above suspicion and had successfully accomplished the primary objects of its institution. It had afforded to the commercial interests of the put one ties Tina to the sober thinking and Honcho men fall parties. Is it not truly re Makkah e that during the entire first term of Gen. Jack Ion s service not one word was said in any of messages to Congress about a specie or me to Telic currency was he not during that time As much skilled in the operations of finance As subsequently let the honest Man think upon this and see if there is not something beneath its surface which he did not at first perceive. Reflection must convince that my suggestions Are neither unfounded nor untrue when i assert that it was the policy of those who controlled this nation to secure the election of Gen. Jackson for a second term upon a virtual Assurance that he would ultimately give approbation to a National Bank and during second term to risk every thing upon the strength of pop Darity for the trial of an Quot Experiment Quot to build up a despotism in the land. Gen. Aft son had he been left to. Himself would never have dreamed fall the haunting speculations which have been attributed to by friends in relation to a Gold and 6�7ier circulation. He was emphatically in favor 0� local Banks w a paper issues uni he was aided in the warfare which he had commenced by men who were no More fit to control the destinies of a nation than is a school boy to be trans m some stately ship or the High Wayman to Ilie sacred desk. These men some of whom were bankrupts in Fortuine and character had every thing to gain but nothing to lose. Their s was tote desperation of the Gambler who anxiously watches the cast of the instrument which fills pocket with ill gotten wealth or ruins forever. They saw so soon As the Public deposits had been removed and placed in tie local Banks that the issues of those institutions became so suddenly increased that something was required to deceive the Public mind and sustain themselves. They resolved upon a Metalic currency not a cause they believed it practicable but to divert attention from the True condition of the Quot pet Banks and the consequences of the but i must go Back and follow up this t have already remarked that in 1832, the Bill to recharger the u. S. Bank was vetoed by the president. In the same year at the subsequent session of Congress he declared the Bank was Quot no longer a Safe depository of the Money of the people Quot and recommended that subject Quot of the attention of of the truth of that assertion let the Public judge from the following facts. They can now look upon them coolly and dispassionately since the question is no longer connected with Gen. Jackson s election a the Quot old roman Quot having retired from the stage and left a much smaller and More feeble object As the recipient of their hatred or Devotion. On the 2d of november 1832, less than forty Days before Gen. Jackson asserted that the u. S. Bank was Quot no longer a Safe depository for the thus making in one year an increase of circulation of $8,852, 925, and Loans and discounts of $41,044,-335. This condition of affairs afforded a fair test of the capability of the state Banks. They soon began to Trade like an improvident dealer who Quot upon Borro ived capital Quot wrestles but an instant with adversity before he yields a responding victim of Fate. They continued to extend their issues to Subserve the demands made by speculators and Stock jobbers and the demand continued to increase in proportion to the increase of Public deposits in the Vaul s of the Banks and their willingness to accommodate. These extended issues were based partly upon the capital Stock of the Banks and partly upon the Money of the people. The Treasury was overflowing and the government could discern no plus of $42,296,920 77, showing the entire sol go of its funds. The dist rebut in a a is to a Money of the people Quot the affairs of the Bank wre As follows notes Discon Teti Domestic Bills discounted funded debt held by Bank real estate funds in Europe equal to specie. Specie Public deposits private deposits circulation its total liabilities at that time including its notes in circulation deposits and debts to the holders of Public funds As was exhibited by a report to the Secretary of the Treasury on the affairs of the Bank made december 4th, 1832, were $37-296,950 20, and its assets including specie Cash in Europe debts from individuals Bank i g companies amp a. Were $79,593,870 97, leaving a sur $45,726,93495 16,304,4948 4,747 .696f%5 1,022,721 51 2,885,016 26 8,026,055 45 6,957 621 54 7,622,898 84 17,968,73 36 Vency of the inst tue on and. to Viviin a Tonnis magnitude was it possible for the $6,957, &2i 54 of Public deposits to he unsafe facts answer. Upon the recommendation to which i have last referred an investigation was had into the condition of the Bank and from the facts above condensed Congress declared by a vote of 109 to 46, that the deposits were Safe in the vaults of the Bank. Every body knows however that in Defiance of this vote they were removed and placed in a set of local institutions without authority of Law and i think with Humble deference to the opinion of a jew to Mena Orin Quot Dero lit of the Constitution even As Gen. Jackson gation of both Quot the Constitution and the Law. I understood a Quot a for he declared in the very message a which informed Congress of its existence that Quot no temporary inconvenience can jus Iny Rilio Iii Nils the surplus which had accumulated from their Industry and labor. This act was pronounced unconstitutional but Gen. Jackson making a virtue of necessity gave it Sanction a he dared not with All boldness of spirit do otherwise. So soon As the Congress which had passed it had retained to the people he assumed the responsibility Quot of issuing an order requiring All payments by psf amp Zic lands to be made in specie but permitted the customs to be still collected As before in notes of specie . This order was not Only not sanctioned try is Law but was most clearly an express violation of the Sii this removal was reported to Congress at tie subsequent session of 1833, but in the message of that year not one Ivord is to be Frimd about a Metalic currency. In those paragraphs relating to the Bank question there is no allusion to any other than Tiik paper cur Rexcy of the local Banks which or. Taney in report at the same session declared would be a equally convenient for the purposes of Commerce Quot to the issues of the u. S. Bank. That gentleman who was very correctly denominated by the president Quot my Secretary Quot in the same memorable report which was intended As an apology for the removal of the deposits said Quot the st a let Banks can 1 h Ive no doubt. Our nigh i general medium q Ute As a Nirom in Vul Ine is that who h Lia been a Ifford Eil by the Bank of the United Slat s. Pii Onai by m re Quot by agree Nikiks amorim Ali Ai elves to Honor each other s notes and drafts Ulicy Are providing i be Vera a cur Rency ill 1 ast is Souki As the it of the Bank of the u. States and will of lord facilities to Eom Ineice and <71 he business of Domestic cd cling Quot quite equal to any which this coins Unity Hen Tif it re enjoyed. Quot thus had five years of Gen. Jackson s administration passed away and not a Ivord was uttered either by its head or any of its partisans the great Generalissimo of bombast from Missouri except eco in relation to a Metalic currency. The Public deposits had been placed in the state Banks and they had commenced an Extension of issues hitherto unknown. The whole country a Van Chi Iio Odell Svi i a species-61 depreciated circulation which answered no purpose to the Holder one thousand Miles from the Pluite which gave it Birtle. Speculations in stocks and Public lands necessarily became extended in proportion to tie increase of Bank facilities and it required no prophetic vision to foresee the result. Tiny the exercise of a Power not expressly delegated by that i will not attribute the present condition of things exclusively to the issuing of this Treasury order for we Are told by the party Quot that it has not produced it. Of the truth of that assertion let those who have Felt its effects judge. My of inject is to arouse inquiry and stimulate the people into an examination of their True and real situation. it As True that Over trading and speculation has produced the present crisis How was that Over trading and speculation Bro t about had the u. S. Bank remained a Check upon the issues of the state Banks the increase of Loans and discounts could not have been so great and the country would not have been overwhelmed with the issues of Banks not known one Hundred Miles from the place of their i have before slated the banking capital in the u. Quot states in 1830, during the existence of the United states Bank was $145,192,268 an amount sufficient for All the purposes of foreign and Domestic Commerce. On the 1st Day of january 1836, As reported by the Secretary of the Treasury it amounted to $251,875,292�?making an increase in six years of$106, 683,024. The same repo to exhibited an increase in circulation durin , of $78,977,410, of deposits of $5tj,544512, and of Loans and discounts of $257,054,860 what produced this increase every candid Man must answer a the policy of the government. What has been its result i answer the ruin of the country. Lout what is the condition of things now a what a melancholy Prospect for the Patriot s it was predict cd by the most talented statesmen gaze we present the remarkable phenomenon in till land by Clay we 3tcr, Calhoun Ewing of a nation out of debt yet bankrupt a unable to Southard and Many others but they were a a to pay a single Dollar for its own sustenance and noun cd the Quot hireling of the Bank Quot the one support. The Deposit Banks which or. Taney Mies of their country and All tie epithets a Iii i i asserted furnished Quot a general circulating medic he mean Malignity f f party vengeance could in j Lan As uniform in value As that which had Beert vent and which the tools in the service of j alb red by the Bank of the United states Quot and the party Quot could proclaim were bestowed up which or. Secretary Woodbury in 1835, said. On them. The memorable session of Congress of 1834, arrived and then for i a first time do we hear of a. Metalic currency. In Gen. Jackson s message of that year he says the Jar arc s four is to the Olli ours of the Nii Rit and Pron ii is in a Short period to tur Tisish in coir it wit ii a Sorivi Yuul por a currency a Diioli will Iii h diminish Thi in Cocivi Gionco to travel Lars of a p Neril t of or our nay should the state panics be incapable of Init i Hila Here was an avowal of the intention of the administration which was Well understood for notwithstanding or. Taney had declared that the state Banks would furnish a Quot general currency As sound As that of the Bank of the United Stales Quot it had been conclusively demonstrated at a previous period of the session that they were incapable of acting As disbursing agents of the government. They had become increased embracing Banks that had no deposits since 1830 to the number of 506-making an increase in four years of 186 Banks these 186 Banks with an aggregate capital of $200,005,944, and with $75-666,986 of deposits had a circulation of 94-839,570 dollars their Loans and discounts a mounting to $324,119,499, an increase wit i but a Small Extension of capital Over the loan and disc ounts of 1830, of $123,668,283 this conic a things foreseen could Loof a. A .i., Cush jiric"lssut5s to Tate Banks. I he u. States Bank was winding up its concerns and could no longer regulate the monetary affairs of the country. It had been shorn of its strength and Lay prostrate at the feet of the executive. The president had expressed a doubt As to the capability of the state Banks to afford Quot a general paper currency Quot and the crisis had come when a a the party Quot was compelled to resort to some Means however desperate to Avert the impending storm a not from the county but themselves. Every newspaper in their service from one end of the Union to the other harped upon the Gold and Sieve Humbug to prepare the Public mind for the open avowal of the president in 1835. When the session of 1835 arrived the old hero struck another blow at powerless enemy the u. S. Bank and asserted that the state Banks had supplied Quot the wanta of the Community in relation to Exchange and currency As Well As they have Ever been before Quot and added shifting the ground taken by in 1834 that Quot the circulation medium had been greatly la the Sanie message he avows that Quot it is apparent that Gold and Silver will become the principal circulating the president having thus re declared in favor of the state Banks those institutions having the use of the deposits became at once secure in their course of desperation and again begun a most rapid increase of their issues. In 1835, the Aggy Gate capital of the Banks in the United states had swelled to $231,250,387�?deposites to $83,-081,865�?circulation to $103,692,495�?and Loans and discounts to the amount of $365,163,836�? had produced Quot great benefits Quot to the Quot neral con ution of the currency Quot have dishonoured the drafts of the government and refused to pay their debts in Gold and Silver. The Public moneys cannot be reached by the government for the executive has determined that nothing shall be received into the Treasury but Gold and Silver. They Are without a dwelling place a habitation or a Home. From this time Tiff moneys collected will be deposited with the office holders in the various Petty offices through Lieut the country. This is by order of or. Woodbury to the receivers of customs and or. Kendall to the Post masters made during the month of May in which those officers Are directed to receive nothing for customs and postage Higold and to ver and not to make deposits in any Bank a thus making the House of the office Holder a vault to Engolph the government funds the facts which i detail Are stubborn things. They cannot be changed for they Are engraved upon the pages of our country s history. What they Are ultimately to produce i cannot predict As truly As did those who in 1833- 34, foretold the present lamentable condition of things. It is of the present contrasted with the past that i speak. It is mortifying to me As an american to contemplate the fallen and prostrate condition a of my up Tatry Jill around is Vankru Tivy Anc no class of society is the Rich and the poor Are alike the victims of the storm. The Tornado of destruction sweeps Over the land Vith a giant s Force laying prostrate the feeble and the powerful. Banks heretofore secure have closed their doors to honest a industrious creditors. Thousands of labourers Are thrown out of employment without the Means of staying the gnawing of hunger or ministering to the wants of helpless wives and children. But i will not pursue the mortifying picture. I have Only presented a rough outline and left theolor ing to some More skilful Limner. I am a Plain Man and Quot nothing extenuate or set Down ought in but where Are those while these unmitigated evils Are spreading Over and around us who fanned the consuming flame a where Are our rulers for our country is no longer free do they listen to our sorrows and regrets and alleviate our suffering or Only smile at our Calami ties let the language of those who speak for Quot the party Quot a the minions who play around tha Quot author of the letter to Sherrod of Williams Quot answer. How Long the curse entailed upon us. Is Toia to is hidden in the womb of time. Whether it 19 to become a part of our Constitution or to be hereafter Quot a Mere dictum of the Law Quot that Quot the King can do no wrong Quot remains to be for my own part i shall not yet despair. There is virtue left in the bosoms of the people. A free spirit cannot be deterred by the threats of the base and heartless hireling who revels in own infamy and smiles at the misfortunes of country. Quot arouse then too Long deceived and id it

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