Herald of the times. [volume] (Newport, R.I.) 1830-1846, 1832-09-27
PROPERTY AND RUIN. :

Under this head, the Cincinnati Daily
Gazette, which has, since the publication
of the Veto Message, relinquished it's ar
dent support ofthe present administration,
has ths subjoined remarks. We COM
mend them to..he perusai Of those jour
nalists, who, in the face Of glaring facts,
ore continually lauding the veto, and gi
wing out groundlcss chuckiings ttthe
wonderful popularity which the President
has brought upon himself by his 'inde-
pendence'-an independence, in reality,
of the whole people-and, as may now
readily be seen, Of their prominent wish
es and interests: [Provid. Jour.
"Prosperity and ruin are the altema..
tives, and the only ones, offered 10 the
laboring classes at the coming Presiden-
tial Election; re-elect Andrew Jackson,
and ruin follows in every possible shape,
as naturally as the hind wheel follows the
fore one. The Bank cannot be re-char-
tered while he is President. This must
be admitted by all, and what will be the
consequence , The thirty millions Of
dollars due the Bank by the inhabitants
of the vallies Of the Ohio and M,ssissip-
pi, will be all called int must be paid
and how is il to be done, when the pro-
duce Of the earth shall have fallen to one
third or one fourth Of its present price d;
when city lots that are now, or were be-
fore the reto, worth two thousand dollars,
will not bring one thousand, and in ma
ny instances, not five hundred; when
those blocks Of warehouses which adorn
our city, and TEEN with the produce and
manufactures of every land, shall be hal
of them shut up, and the remaining hall
let at one-thrd and one fourth the pre-.
sent prices, how then, we repeat it, is the
money to be paid? Itcannot be done
and while almost every individual indebt-
ed to the Bank, will be ruined, the Bank
itself, will lose millions.
| For the last fifteen months, rrouR hn.
not been less in this city than four dol.
lars per barrel; let Jackson be reelected
and before the first of January next, i
will not be over two or two and half
! Pork, which has been from two. dollar.
and half to three and half and fou
per hundred, for three years past, will be
down to one and half or two at farther
, est. Corn, which has been bringing
from thirty-seven and halfto fifty cent.
per bushel, will be down to its forme
! price Of three fps, or eighteen and three
fourth cents. Wheat, potatoes, oats, rye
barley, and all the other products Of In,
soil, in proportion-while the soil itsel
must suffer an equal diminution in, price
The farm that will now bring three thou
sand dollars, will not then command fif
teen hundred. What, we hear some ex
claim, is this all to happen because An
drew Jackson is reelected Presidentl-
J, Yes, and much more, for he has put hi
veto, his accursed veto, upon the Bank
and without the Bank all this must com,
to pass. On the other hand, sif he is no
reelected, the Bank charter will be re
newed-the tide Of prosperity will contin
ue to flow, and increase in height. Tn,
! merchant will be able to give present an,
!, increased prices for the produce OF tn
FARMER-the country will continue L
hourish--lands will no+ only retain thei