Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1837-08-14

and stratway seized and sold the specie at
premium to support the Brit sh Bank. A man
with half an eye can see that this ls tissue of
The baEk suspensions were brought about by
the government, which led the banks to orer
issues, and then removed the specie. The work
Of suspension was begun by the government
hanks, and followed by all the rest. The act
Of suspension was aPproredb by nearly alias a
measure OF absolute necessity mercly--with-
out distinction Of party, who had intelligence
enough 10 know the true sta:e Of things and,
if VIC mistake not, the Patriot editor approved
this course when adopted by the bank of Mont
pelicr. AS 10 buying up and sending off spc-
Gle, it ia notorious that in no other way could
the debts Of the country be paid without running
il: there wss nothing to pay with but cotton
or specie and cotton could not bo disposed of
except at uinous prices Hence specie was
sent to Europe--not by the Wings alone, but
| Nv merchants Of both parties. 1t was not
party measure; and the attempt Of The Patriot
10 make it so, is evidence only Of ignorance
which is 10 be piticd, or turpitude which is to
10 I--r;,"l owl eo~de,"nod. There IL Une
feature about the whole which is political: the
blundcrng experiments Of the administration
forced the merchants, as n last resort, to ex-
port specie and forced them TO buy it, at
large premium. Every cent, paid us premium,
was so much added 10 the debt which the MGR
chants must pay: it was Tar, imposed by tho
NAL administration Of The pOCers that be. The
go'ornment has blcd the country until every
vein is drained and The whole system prostra-
ted il has ruined its hundreds Of thousands
it has filed the cribs Of office holders, of NON
cy changers, Sbylochs aud speculators--w
meat and money extorod from The people it
has struck blow, which it knows has been
all but fatal to the country, and promises to be
fatal 10 themselves. Hence every cxpcdient
is used 10 delude the people. The Wings are
unblushngly charged with all the blame; and
yet it is notorious that all the po,oer, 10 DO i'll
or well, has been on the other side The com
merca men, and banks, are charged with the
blame: and yet it is notorious that they have
themselves been the first and greatest suffer !
ers !! It would be a curious task TO mark the |
progress of humbug in regard 10 this subject
Suffice il to say, that at first, the Van Buren, |
papers denied that there was tny distress f. |
nalIy they admitted it, and laid il to overira.
ding and now, lorsooth, it was a tri.k Of the
banks, or monoposls, in order TO speculate up
on the currency THIS is tue stuff which has,
BY turns, within seven months, streamod forth
from the Van Buren, presses. Blu, truth ia un.
changed: the merchants the banks, The coun-
try, were contentcd with the currency, as it
was in 1929, until Andrew Jackson cndeayor-
ed unsucce5siuily 10 max u S Bank po-
'j!icai engine, with which TO secure and perpct-
nate poiiical power, and commenced the Bank
war Then the "bette- currency" began TO
1e the cry and cs late as Dec. 1886, all the
glory OF the "bctter currency" was claimed for
Andrew jackson. But, behold in May 1887,
he 'better currency" is rag currency ofnon-
pteie paying JanhS-i; las .Caiied. The res
possibility for the failure belongs 10 the fathers
The Systemj 1t belongs 10 Jackson s. Co.,
u, the whole Of it. The Wings opposed the
at every step, and they are guilt
ass OF all of the legitimate consequences Of
hem, This is truth: mighty truth, which
lteilisent men every where perceive, and
'hlch viii prevail, TO the overthrow of the ad.
unless bribery, corruption and al. ,
IN votes combined, thwau the will OF the pco- {
lie and save the administration. {
fLj0Ihe several candidates for Congress in
Understand have avowed themselves in favor
abollshing slavery in the district of Colum. {
ia, and against the admission OF Texas into {
le Union. /
lCPThc Vanitcs are out full blast eoinst
le bonk Suspension. The suspension was
e" cork they are tuking advantage Of their q
"n wrong. One word on this subject the ?
lu-V Buren, states hova fast hold upon the c
lnks, and arc ready, f We believe willing, to a
DID them TO strict responsibility In short, Il
&c banks are at their mercy, and cannot take Il
Vantage Of The suspension TO violate their s
us, without being subjected 10 condign pun y
hment' How is it with the leading Van Blu fl
n states They haze LOCALIZED Tie suspen- t
ons Again there is universal desire for t,
speedy return 10 specie pOyments--lhc banks n
desire 1.-THE merchants aad the n
rmers undoubtedly desire il-every body anx- b
usy desires il, unless pcrchance we must cx. ty
pt few weaIlh-boaiod Bcntonites, who pre- j
r private banking, note shaveing, and spec b.
atlns on specie at 8 per cent. premium But p
hat is government doing 10 restore confidence Of