The Arkansas advocate., 1836-04-22
From the U. $. Telegraph. LOOK AT THIS. AN HONEST
 CONFECGIDN

] LOOK AT THIS. AN HONEST
 CONFESSION.
 Nc have below, in m article from the Globe, a confession that the Pei Banks have not the means 10 pay more than ONE DOLLAR FOR EVERY THREE DOLLARS AND A HALT THEY HAVE ON OPPOSITE. Well, what then will be the inevitable loss of ihe Government! There are now thsrtsi mfl- lions of doiia1s m those Iet Banks. They. from ,he Globes own acknowledgement, can pay only one dollar faf every three and one half. Make the calculation. Here it IS: they can only pay out of the Hinip mil lions eight millions frc Hundred and serea- fy-onc thousaad Jour hundred and farentg- etght dolidrs fleeniy. eigIt esnts. I'tien the loss to the United States must be inc ditfer- enec between the $30,ooo,ooo and ihe $s, l 57l, ,428 2s cents; which Is tsreafg. one mil lions four hundred and tapeala-eight thost- saatt fee h,tadi.ed csd sseteait oie tioilars serentq-eigH csnfs. The estimate Is, by all parties, that the amount of surplus will be sixty millions by the meeting of the next Congress. All this is to 20 into those Pei Banks. which can pay only one dollar for every three and a half on deposite. The loss then to the Government by .tbose Pets at the meeting of the next Congress must be foilg-taco millions eight hundred and if fy-seten fhousaad one htp1dred and torig-, Three dollars .fofty-f four ecnts. This is no small sum to be swindled from the United States. Aud who is to reap the beneGtsl The good and faiihul-su men as Beu- ton, Isaac Hill, Walker, &c. &c. But here IS sile Globes own she wing:
 IMPORTANT FALSE STATEMENT
 CORRECTED.
 The following we cut from paper of another ely, of yesterday morning, which shows he rapidliy with which falsehoods travel:
 "Mr. Webster made some remarks, showing the dangerous situation of the public money in these banks. In these banks the amount of public deposiles Is thirty millions, and of private deposites fif- Teen millions. The total amount of these obligations is above seventy-seven millions, and their means to pay these obligations but one dollar in six
 Had MT. Webster nc, have emitted about len millions of dollars of other banks which the deposie banks have on hand, (which we fear he did intentonally,) the means 10 pay the obligations of the deposiie banks would be IS one 10 about three and hall, instead ot one 10 six, as stated by Mir. ".
 Ne trust thai those papers that published one, will publish both statements. ltis but right that false and grossly injurious state nents should be corrected. -- Globe.
 .Moneg .nurket.- There has been pres- sure in the money market, and it is even now considered tight, although intelligent men can give no reascn, or assign any just cause, in the present state of atfairs, why tie money market should depressed. We must, however, nut close eas eyes .e the fact, that our rulers at Washington, in con- sequence of settled hatred and i'll will towards ihe new Bank of the United States, are determined to cripple its operations, even al the hazard of creating panic. The Globe, which IS conducted under the eye of the President, predicts that ssceae q unparalleled distress IS at hand, and hat fhe pressure aa the afoley nGrket must ln- crease"
 Ne are no alarmists. but il may be well for men in business, of all parties, 10 mark the prediction, and be prepared b attribute the calamity. should II happen, to the dan gerous nse of the public monies, seized up- on by the administration, and placedio their order ill the Deposit Banks throughout the Union. If Congress does not cut loose this dangerous power from the Executive branch of the Government, and seperate the purse from the s,uord, ,.ihere can be no safety for he citizen, no stability for tho Government. What they cannot effect through the ballot boxes, they will coerce through the purse. IL will be panic or submission.
 From the Richmond Whie.
 Going .4head General Harrison has been nominated by the Kentucky Legis- lature and the Vermont Anti Masonic Con-