Staunton spectator, and general advertiser. [volume] (Staunton, Va.) 183?-1849, 1837-08-17

Inc w ashIngtoh Globe, OF the 10Th, con-
tains The following extracts Of letters from
General jackson in reference 10 the Curren.
cy:
Extract of letter from General JACKSON
to the editor Of the Globe, dated
HERMITAGE, July 9, 1897.
Nov IS the time 10 separate the Govern,
ment from all banks receive and disburse
the revenue in nothing but gold and silver
COIN, and the circulation of our Coin through
all public disbursements will regulate The
currency forever hereafter-keen the Gov
eminent free from ell embarrassment. whilst
II leaves the commercial community 10 trade
upon It's own capital, and the banks TO ac.
commodate 1t with such exchange and credit
as best suiis their own Interesls-bolh being
| money making concerns, devoid OF patriot.
ism, looking alone to their own interests re-.
gardiess ofail other. Ii has been and ever
will be curse 10 the Governmen TO have
any ENHANCEMENT OF interest with either. or
more than general experimenting care of
all. But the commercial Community bilher.
10 has been ioslered by the Government. TO
The great injury OF the labor of the country
until the mercantile arisiocracy, combined
with The banks, have assumed the rich, In
control and manage the Government. as their
particular interest require s, regardless of The
| rights OF the great democracy of numbers
VINO lhey Deiieve ought 10 be, and they are
determined they shall be, hewers of wood
ana drawers oil water. repeat, that am
proud 10 see the firm and noble stand taken
by the Executive Government on This occa.
sion. The people are with il, and will sun
port II triUmpbantly.
e" he history Of The world never has re.
corded such base :reachery and perfidy as
has been committed by the deposite banks
against the Government, and purely with the
view OF gratifying Biddie and the BARNES
and by the suspension Of specie payments de-
grade embarrass, and RUIN IF THEY coUfD
THEIR OWN COUNTRY, for the selfish view
Of making large profits by throwing out
millions Of deprecated paper Upon the people
selling their specie al large premiums, &
buying up their own paper al discounts Of
from 25 tn so per cent and locking forward
TO be INDUCED in these speculaiions for wears
70 come, before they resume specie paw
ments." f'
HERMITAGE, July %, 1887.
My DEAR SIR:-I have inst receiv.d ,bo
Globe Of the 18th, and am pleased 10 discnv~
er from IL and other papers that the dsmocra.
cy are uniting upon the plan Of separating
,"S Ee'er"Inent from corporations Of ali
I""'' ""u ~ CcIEeCt LHe revenue, keeD and
diSo"Tse ii, BY their otcn agents. This alone
Can secure safety TO our revenue, and con,
troll over issues of paper by the State bsnks
ne revenue, reduced 10 the real wants of,b
Government, payable in gold and silver coin
lho circuits, to be disbursed by the Govern
henl IN gold and silver, will give us an ,,n-
ue'Iahhg metallic currency, prevent bereal>
Ter oEerirodIng, and give prosperity to all
branches OF business whilst the banks and |
the commercial community will be Ief, 10
manage their exchanges, and all matters he
."eeh mem, IN their own way. I hope and |
l rus mat me tcho!e democracy Of the tohole |
On'on 0tH unite an adopting these measures
aho The democracy of numbers will never |
nave another contest with the aristocracy Of |
Ihe ie" and their pdpsr credit system, upon |
winch They at present rely to rule the coun-
Try.
nope no Treasury notes will be issued
i ne treasury drafts upon actual deposite are
constitutional, and do not partake of paper
,FedIt Treasury notes, which are subject 10
expectations by the merchants and banks
'nd shavers and brokers and will be if is.
ued, and the Government cannot avoid II
Different must II he with Treasury drafts
Irawn upon actual dcposites. and from me-
onauct 9tthe banks e the MERCHANTS.
-hEV DESERVE NO FAvoRS FROM THE
FoIYERNMENT, which they have ATTEMPTED
o disgrace, and 70 destroy its credit. both Al
ome and abroad. Il is the great WORKING
lass that deserves protection from the (rsmds
the banks"