Herald of the times. [volume] (Newport, R.I.) 1830-1846, 1834-08-14
WHOLE NO. 22S.


Bank, with good solid capital, and to
issue their bills, to save the people the
expense Of carrying the hard money a.
bout. And as these Banks had great
capital, they were allowed to lend their
Bank bills TO people who wanted to bor-
row money, and to take the peoples
notes so as to allow active industrious
folks 10 work along and git ahead in the
world; well, this was found sich profta-
bic business, the State Legislatures were
overrun with applications for Bank char
tcrs, and in little while there was more
banks than hard dollars, and it got so
that the people warnt safe in takin any
of the bills, and there was no way Of
putin an eend to it till Congress took it
up, and the Constitution gives Congress
the tight to CIRCULATE the currency Of the
county"
l Ii Congress had said right off that all
these bank notes warnt money, and Moth
in but hard money was money, there
would a bin trouble enuf--as bad as
freen the niggers right off; but they
looked ont as an evil to be cured jist
like the bite of frost, and that was by
putin frost to it; and so they made a
: Bank, and telled that Bank to 60 to
work and clear out this trash. The
Bank Of the United States went to work,
and arter a spell it got things goin pretty
slick. AS soon as one Of these State
Banks attempted to shove of more Of its
bills than it had power to pay when the
people brought EN- back--and that is the
natur Of Banks with small capitals--the
4 u. S. Bank would, by havin its branch
| es all about lookin arter this trick, pick
;. up these bills from the people, and make
the State Banks pay EN-, and if they
didn't, then they would burst their biler.
This was to be sure pretty dirty job
for the U. States Bank TO do, and they
got bit prilty often; but il was its duty by
law, for the law said the u. S. Bank
must regulate the currency.
y The State Banks got into pesky bad
humor about it, especially those that had
= = no capital, and who wanted to make mo-
ney out Of the people by sendin out their
bills that they could not pay when called
r on, and so they all got to work picken at
r the u. S. Bank and called it monster,
! and so forth; and then the politicians sot
! to work, and that's the natur of them too
l TO get hold Of any thing 10 give EN- a
! boost, and Mr.. Van Burcn at the head
> on EN-, all crying out agn the U. States
. Bank, for they see that one Bank could
. stand no chance agin so many State
!, Banks--First, they said the u. S. Bank
warnt safe, and got committees appoint
;, ed to examine into it, and when it turned
. out it was a leetle safer than they said it
= was, and all the rest Of the Banks put to-
gether, then they changed their tune,
i, and got to cryin out that nothin but hard
:, money was the right kind Of stuff--think-
in that good many people would agree
with en- on this pint, and ! suppose they
, will--but what's the natur ont You
- - see if we git back to hard money, folks
- will 60 right to resaiss agin, jist as | have
- been tellin, and Congress will have tc
=, do somethin to correct it, and regulate it
~ and make it safe for the people.
~ But what lifts my dander considerable
~ ;, is in kno,oin that all this hue and cry
- agin the U. S. Bank, (Which has GO
. things jst as Congress wanted EN- to be
=, when the Bank was chartered, and 4
~ ~ leete better than il expected IS not t.
ID ID get rid Of Banks, but to git this nationa
~ bank, this RALE PEopLE's BANK out o
." - the way, so as to let the raft Of small
Nd ones git fairly to work to pick the peo
~ u ple's pockets. This is Jest as true now
:, :" as am writin about it; and if folks don
:. % see it they mustn't blame me.
" Mr.. Van Buren, knows this jist as wei
~ as he knows that he is arter the presi
=. dency; but he is a KNOWN critter, ant
~, he sees that if he can git all the stat
~ banks on his side, and agin the Unite
Suites Bank, he'll count up pretty con
:" siderable sum in votes; but the peopl
y wont git as much hard money by it as u
e.. =. promises, unless, it is that kind Of none
M ~, that will be plagy HARD to git rid on.
an Then agin there is the iarmcr--the
=, tell him hard money is Jest the thing
W and so he thinks too; and if he can git
oo hard dollar for bushel Of wheat, instea
=, ,, of paper dollar, he thinks it will be
:, good change; but if he thinks a leet
-" more about the matter he will find th'
J., there aint hard money enuf in oil crei
~. ton for that; and five were to come
paper dollar for his bushel Of wheat, n
SsJ couldn't git two shillins in silver, becaus
% evry thing would take its value by tn
no, quantity Of hard money. IL he turr
@ e., this over a spell, he'll git the dust out
n,, his eyes in a mint.
gu Then agin good deal is said abo
ne gold, and that the Gineral will ha'
We, gold money; and to do this his folks
',o , Congress past law making gold mo
10 valuable. that ,s the same weight