Iowa news. [volume] (Dubuque, Upper Mississippi Lead Mines, Wisconsin Territory) 1837-1841, 1837-09-02

In, s' episcopal Ghufch. In addition t
sn 81. a,'uuu' contributed in this place, upwards
MY aoiiafs was given in 81. Louis
! Du Baquo, Sept. 2. 49,
ne following extracts from the private let
tiers of Gen. JACKSON, give his views on tn
subject of Banking, and in favor Of separatin.
the Government from all Banks and incorpo
rations, which if ever accomplished, will Civ,
10 us period in the history of the nation
when we are out of all danger of sudden ant
unlocked for contractions and pressures.
snow Is the time to separate the Govern.
ment from all banks---to receive and disburse
the revenue in nothing but Gold and Silver
coin, and the circulation of our coin throupl
all public disbursements vii! regulate the cur
rency forever hereafter--keep the Government
Tree from all embarrassment, whilst il leaves
the commercial community to trade upon its
own capital, and the banks to accommodate it
with such exchange and credit as best suits
their own lnterests---both being money-makinr
concerns, devoid of patriotism, LOOKING alone
to their own interests, regardless of others. It
has been and ever will be curse to the Cow
eminent to have any ENHANCEMENT or interest
with either, or more than general superin.
tending care Of all. But the commercial com
munlty hitherto has been fostered BY the gov
eminent, to the great injury of the labor ofthe
country, until the mercantile aristocracy, COM
blned with the banks, have assumed the right
to control and managetle Government, as their
particular interest requires, regardless of the
great democracy Of numbers, who they believe
ought to be, and they are determined shall! be,
hewers OF wood and drawers of water. re-
peat, that am proud to see the firm and noble
stand taken by the Executive Government on
this occasion. The people are with it, and
will support it triumphantly."
''Ihe history of the world never has record
Ell such base treachery and perfidy as has been
committed by the deposite banks against the
Government, and purely with the view ofgra-
tifying Biddle and the Barings, and by the
suspension of specie payments, degrade, en-
barrass, and RUIN, IF THEY COULD, THEIR OWN
COUNTRY, for the selfish views of making large
profits by throwing out millions of Deprecated
paper upon the people---selling their specie at
large premium, and buying up their own paper
at discounts of from 25 to SO per cent, and
now looking forward to be INDUCED in these
speculations for years to come, before they re-
sumo specie payments.
This letter was dated "HERM,rAGE, July o."
PRIVATE.
HERMITAGE, July 23, 1887.
My Dear Sir: have just received the Globe
of the 18th, and am pleased to discover from
1t and other papers that the democracy are uni
ting upon the plan of separating the Govern
ment from corporations Of all kinds, and to col.
lect the revenue, keep and disbursc it, by their
own agents. This alone can secure safety to
our revenue, and control over issues Of paper
by the State Banks. The revenue, redricedio
the real ,ca'afs IF the Government. payable in
gold and silver coin, (no credits) to be dis
bursed by the Government in gold and silver,
Will give us an undertaking metallic currency,
prevent hereafter overtradiup, and rive pros
serity to all branches of business; whilst the
banks and the commercial community will be
left to manage their exchanges, and all mat
ters between them, in their own way. hope
and trust that the whole democracy of the
whole Union will unite in adopting these mea-
sures, and the democracy of numbers will me-
yer have another contest with the aristocracy
OF the few and their paper credit system, upon
which they atpresent rely to rule the country.
hope no Treasury notes will be issued -
The Treasury drafts upon actual deposites are
constitutional, and do not partake of paper
credits as Treasury notes, which are subject
to depreciation by the merchants and banks,
and shavers and brokers', and will be, if issu-.
ed, and the Government cannot avoid it.--Dif-
ferent must itbe with Treasury drafts, drawn
upon actual deposites; and from the conduct
Of the banks and the merchants, they deserve
no favors from the Government, which they
have attempted re DISGRACE, and to destroy
its credits, both at home aud abroad 1t is the
great working class that deserves protection
from the frauds of the banks.
The Office Of the Alton Observer was torn
to pieces and AMI Knocked into quite pi-ous
condition few days since by mob.
Dn.vH II l....,