Western courier. [volume] (Ravenna, Ohio) 1837-1838, 1837-06-29
F1rrH>MoNrn Goth, 1887.

ed in a letter OF thine, published in the
Lancaster Examiner, written to John Q.
Adams, respecting the present pressure
in the money market, in which thee as
serts that we have ate and drank too
much; and thee seems to thinks we, the
people, are in henor bound 10 pay for il;
and so would say, that those that eat
aud drank too much, ought to pay for it.
But, ask, who it is that has not paid
for what he ate and drank? Is it the far
mers, mechanics, and laborersl No! Is
it the spectators and stock jobbers, who
borrow money out ofone bank to purchase
stock In another, to speculate in land, and
those that purchase foreign goods on credit.
II is those who have ate and drank too
much; dressed in fine broadcloth and silk;
lived in fine houses rode in splendid car
riages, land travelled in steamboats, and rail-
road cars on other peoples money; they
are those who have not paid.
Friend Biddle, does thee think it would
be honorable to ask us working men TO
pay their debts! II the foreign merchants
have been SO unfortunate and SO unwlse
as to sell their goods 10 such gamblers
they must look TO them for pay.
They have been making fortunes off of
US here along while, by selling US goods
we had better have been without; and
now they must put the loss with the profit,
and make the best Of it. Those specula-
tors and British merchants have been liv>
ing in idlencss and extravaganza long
enough on the labor Of the working classi
it Is time they were broke down.
Now my good friend Of the bank, there
il one way that the banks can redeem
their credit, without paying to Hercules,
(Government.) Clap your own shoulder
10 the wheel. Let every stockholder that
has any property come forward and pledge
il Cor the redemption Of their notes, and the
stock that belongs 10 STOCKHOLDERS and
spectators be sold TO those who have
property; and let ,hem and their idle, la"
zy families 60 10 work for their living, and
take the notes of the western banks and
other banks, Of one another, without shaw
ing, and transport all the brokers to Eng
land, where they learn their trade. Such
course will restore coufdcnce and no.
thing else will. Flow can you expect the
public to have any confidence in banks
composed Of stockholders who, great
portion Of them, have not dollar in the
world, and who arc indebted TO the same
banks for hundreds and thousands?
This course, above recommended, will
do great deal more for you .han govern
ment can. lflhis is done, the public md
Government will sustain you; and then
lend your money 10 fair business men,
and not 10 spectators, who have run mad
with extravagance. The bank and those
spectators have acted, for all the world,
like man starting with six horse team,
without either breechbands or lock. chain,
which will do very we'll while he keeps
on level ground, or is rising; but when he
begins 10 20 down hill the wagon then
runs over The horses, and over oil the
carriages and small rugged carts that hap
pen TO be before him, and they all land at
the foot Of the hill, a complete wreck
just SO with the banks and spectators;
and they lay the blamo on General jack
son and the Government. instead Of leaving
it 10 the United States Bank, that lent its
money 10 those stock jobbers and specu-
lators, and encouraged the importation Of
more goods than our exports would pay
which encouraged extravaganza and luxu-
~, and living beyond .heir means. Co.
vernment has nothing 10 do with bringing
this distress on the country, in auy o'her
way than to tuke care Of the public pro-
perty, and prevent the Treasury from be-
ing filed with bank paper tina, cannot be
redeemed, and Of course, would be loss
TO the public. Government has no more
business to interfere than clergyman has
TO take to highway robbery; for every dol
lar Government helps them to, either by
withdrawing The Specie circular, Sc as to
enable them 10 ship the specie to Europe
or by trusting them with money due 10
Government, will be downright robbery
from the hard working public, by substi-
iuting paper currency that will not be
worth q cent. See the shin plaslers al
ready aheai, instead OF metallic curret-
cy that ought at all times to be in the
hands Of the working class, who want
their money every week, and some Of
them every day. Now there is no other
way for you than to so TO work and help
yourself, for y,a have the means. What
would you think Of us farmers aud wag-
oners, If we would apply to Government
for assistance, because our crepsfailed last
yearf for many had not enough for bread
Ysu bank inen and spectators would be
the first 10 laugh a, US. Now. | viii tell
you how we do: make johnnycake instead
Of wheat bread; get herrings. which are