Rutland herald. [volume] (Rutland, Vt.) 1823-1847, 1836-07-26
T,vm a. Mr y.ur-.i. 81 cs~m.s..


71s LssI PayAe.f Grc,alar. Tie Tr-ssufy
circular ~hieh We received by express spd puslshsd
90 Wedpesdsy Published 10 the Herald lat .oes
- smother esperiu.ea; upon the all healing power
Of those precious = Constitutional" metsis gold ana
s,lye'. To preserve sound currency, prevent
fraud. and keep the puhlic land. oct Of tbc hsnds
Of spec gkiors the land SCENTS forbidden 10 take
any thing payment for the lands except gold and
SILVER. and cnui6caics of back depusiies endorsed
by The Secretary of the Treasury. Now II IS
probably Supposed q, Washington that The specu.
latofs are al up tree Poor fellows They
got along brAvoiy When they could get deposit
Back 20 certify that they lsd money there when
they had none, bot now they mus, pay doWn the
precious.
Well Il Gen. Jackson cao stop the spectators,
We do not OK though We cannot compre-
bend the immense Sdysnisgo Of shutting ont our
own cltIzcus from making profit on the public do
main. by buying from the government and SELL ne
to ea.igratts Ell what the lands are fairly worth
l " there or i've tracts worth ten or twenty times
the government prce for agriculture, or ten thou
sand t,mes that pfice as city cites. We should be
quite well satisfied to pot the difference between
The government price and the actual worth into
the pockets of our own enterprising and sagacirus
citizens into the pockets Of the foreigners who
are oroudng To shores. !, was consid-
cred favor enough TO foreigners, tina, they had
even and equal privileges with citizens but now,
It seems, they are to be special favouies of gov
eminent. and citizens are to be manaclcd
that foreigners may ill her pockets with the pub
lie property Sui. as We SAID if the government,
can stop speculation 10 the public lands, We lave
no particular sympathy for the spectators. We
dare say they will take care OF themselves. But
we do regret TO see such ignorance OF currency as
this circular displays, go forth from our govern
men IN the face OF The world, to be laughed al by
every man who understands the subject. What do
men go 10 the banks for, but to borrow, and be.
cause they have no money! liza bank chooses to
trust customer with certificate that lac has
u,oney deposited. that certificate is money. II
is itself the fact which it certi6es. Again, the
Secretary, by order OF the President Directs tha,
' Chen certificates are given Of deposits TO be used
IN the pay meni Of pubic lands, the certificate sha
e state that what part Of the money deposited wa:
actually paid IN gold and silver and in bank notes.
Surely the Secretary knows, whether the Pres
dent has thought Of the matter or not that it i.
perfectly Immateral with any who makes
e deposite Bank in New York, whether he does it II
gold silver. or paper. Every thing is payable il
u specie. All bank paper here, is convertible in
s santly into specie. The depositor has only Il
demand specie at one Bank and carry il to anothe
: or ofthe Paying Teller Of the deposte Bank ant
h then carry it TO the Receiver Teller at the othe
end OF the COUNTER and his deposite is all in specie
J. The same will be true Of deposte Banks at tn,
West. Ifa Spectator takes with him drafts on
Western Deposit Bank. those drafts are payable !:
specie gold and silver the constitutional currency
l. At the utmost. he has only TO get his specie from
Q the Bank and carry it to the lard Office, if tina
is in separate building, and leave il thereto o
l. sent by the Receiver back To the Bank again.
C Is thus by rolling specie the street. and the
l. rolling II back that the Constitution is to be pre-
'e served the public money made safe, the currenc
o. rendered secure and the public lands wrested froI
ir the Grasp Of American spectators and reserved f
g European emigrans.
nc The price of the public lands was reduced in o
u der that the lands might be the readily pu
&c chased by actual seiteers. But the measure,
10 any of sense might have seem only sha rpene
~ the appe,tes of spectators, and enabled them
he buy as much more land The price was made les
IN III, he lands had been put up to dollars scr
IT, II would probably have checked speculation.
e There Is no other way to check it. And wi
10 should it be checked. If spectators burn the
ef fingers, they not Gen. Jackson's fingers.
nc the community run mad, the only way TO resto
no them to reason is, to let them run until out
an breath and exhausted they are compelled to sto
ic- The spectators will get LAID enough cloy the
m one day and it would not be strange il some trsC
ION for which the government now pockets 81 IS ?
ne acre. should be sold ten years hence TO poor Ell
ne grants a: half the money. The mania will Gu
tselfif IL is let alone; but all the doctors in Gre
lion cannot cure 1t. If all the gold and silver
the country were 10 be rolled over forty times
Mr. carried miles and brought back again, it wor
nh not produce the least effect on tie land specu
hts tions.
10
lis