Edwardsville spectator. [volume] (Edwardsville, Ill.) 1819-1826, 1824-06-22

paying bank notes in circulation; and he Bank
of the United States had liberally seconded
the views of the Treasury, by autlbHzng the
+ reception OF these funds from TIL Receivers
and Collectors. This experiment though il
gave relief to the public debtors, had been
found injurious to the ntifare OF ths Bn.k
and, by a proper regard for its own safety, that
institution considered itself constrained 10 del
cline the reception Of almost all of these finJs
which form The currency Of that portion OF tie
country, and of those which alone il could pril
IDENTITY take, scarcely any were in circulation
What effect this chsnge had upob the state df
things, may be inf cred from few extracts
from some OF the communications which vert
about that time made to the SECRETARY. in rd
lation to TIE subject.
The debtors of the UnitedlStates." SAY
the Directors of the Bank of Ncennes. h
their memorial OF the 9th Janua1 1879, !" IN
| the Western country, labor undeAlistressigis,
and aim ost nsuperable difliculies,S meeting,
Their engagements; not so much fa the want
Of means, as from the scarcity of snd funds as
are receivable in payment OF pubic Alands
Should the country continue in its nresent
situation with respect TO these funds 6any an
honest citizen, many an industrious farmer
who has migrated to This country, and has paid
his last eighty dollars as a first ihstalmenl on
hls Quarter section OF land, Will BIZ Connected
at the end OF I'VE Years, to lesrs his favurite
spot, his CABIN, and all the cbniortable m
Provements, which the labor oths own hands
las acquired, and, with HIS wifd and children,
seek new home, vi bout money % procure
at. And why Because the prodlce of his
farm, although he may have an abundance 10
spare, will not command such fundsas Govern
ment demand Tor the completIonof ms pay
ments." Other representations, which are
herewith transmitted, from Senators and Re-
presentatves, whose characte1is sufficient
guarantee for the truth Of thtir stai emenls,
eorroborate these views. ThelIon Mr. Her.
rick, IA letter OF the lltll OF March, 1913,
Considers the adoption OF some measure, on
the subject desirable, as well with view
to releve the people, as to preserve their az
fecaons for The present administration of the
General Uqvernment. Tie Hon. Waller "a, :
lor, IN letter OF the 3ist March. 1918, encloses
a letter from respectable source, stating thai
twenty per cen}. had been given BY those who
had payments TO make in the land Offices 10
Obtain such money as would be re ceYed; thai
rev entries OF land were made and that many
who mad come from distance To enter land,
had gone away without dDing SO, because the
money they mad brought, though consisting OF
INC notes vi established character, could MOI
MON ,ha, ia on....,'1, ~
,,-as eI,r,al =, ~, 49, u
l,t5l - 80 ~ ~; - 20 ~. - ,''3'e
,,tltt,., ai,i,.S, ii u ny !"
a., Is,h7 ~ ,6Ie - '''s oh
,,.,,,,h,,.. y 80 y 'oui'Sv" western
- u 30 W. 'ne non jose Pr
-. ilos''', hpoeft s2ore'
III ~ !" '',,"l, ia5', ? James y o,
i ,i.. 49, ~ IVY, syn Icy
,','1 - ny y, sa-
IL. 49, = ~ 'il'sih'p
me-, M, !. - 9ieuE ~ stA'-
fhe es,0sla;n3s saa 49,. - ~ .i'lss q
-. =. ~ l'Sulle' On
try ), and ~, ". ~ e3u'l
as ,neas,,re II yital, ~ ~ -
~ e.rb 49, :. - P'5o''
A. uere N oood trld,f Il -, ~ J''iifo
nf Iil;nn,s % Ist,o af "a, -. 1ean
s,earing IL an. ~ - a,sts;,,s ~. -e,''
makes 9ha totou;,.e ,,,5,>,.,'sa,, -
4veil aesl,.ad t,,,n ~, -, I,.,,,,i,,i,. ~,
tie Iattans IL ,.,,s>art IL, - 20 - ~
,,rt III ~. to,,rt,,, ~ -. ma,
a;llsbe rae,ive,l in .rla1'j ~
dollar of 49,. ti,al ~. ''' ''''u
h,,s a No., ~ 80 -
t,,r l,na = ,,id ~ ~. bo'e' ,ne't
more ,ban oasYtenth na,, 80 au ~ I,.sp.e
co,at,ly ,,tls 49,. o"' ~
,ecva letfe,s IS
town and n,,tr;.t AL e .I't ,,nt
~, Ne, -. ai'i'ois
th, ~, .;4,,at va,
f,,ai nniess th,ere he Son, 3n1l,orsf,r, , s1,
d,recfions n The, Rerrivers hat tba ~, ~ -
but very short ,nt,l tbev exnect ~ ses ~
little farm and dwelling ibev hsve nroy,dad
t,r the s,,,o,rand sh,F,,r ~
family. torn frnm them 4, tbe ,,,src;IsSs
c,o,,s snecula,ore / am h, ry "a. ha, constra;,
ed n s, th,, te, annrsbsneos h. 49,
Justly nreo,cafad AMI hut tbay -. ,,,'',,
Facts - r. e'r'''
these are letters which have ,rese,tod
~, . hsstv regeyenee N tfa a. ~
the Department. II y Wen remelnbefsd how.