Rutland herald. [volume] (Rutland, Vt.) 1823-1847, 1837-01-10
NJ VI " e. ~ y.

ihr columns ~ returns and directing dams from tho
bsnk'. thtoughou, Tic L. States without necessity
--wuhou, reference 10 tho wants o. the busocss
Of HE different sections of the Union tho season
If tie yca-. ~ The ronrsA q tradc--sud thus
k ug The Vholc rcvcnne ofihc country work eganst
the whole ,olus,ry of'he country.
H. secret j.. ttus revealed in tho letter to Mcss.
Gu-vo.d and Swan
= have. therefore, in cates Vhrtc tho pntbc
money lad accumulated 10 any buul n any ono
state. Hud uc~ banks r.o'd b. scasonaby obtained
'n other States trhrr o4'g 'Hio public noa'y al
vraiv ,i,i,s tnsIo b,l uno transfer 60 accomplish
both objects, and. boy single operation have 20.
duced the excess 90 certain banks u cetistn states
and placed 1t in the States tc,rrc II irouH b, need
81 rer' gar, md whore they trrorc had not
o9rol jorhoa 81 The Julhc morcy."
We thus perceive, what on less nuthotliy
"rull be Incredible. the extraordinary uanncr in
which the public revenue has been .cnitcrcd The
Secretary scos an accumulation of public revenue
N any onc Stslf-hc sccs another place IN suo,h
"r state, 'whoio Gully lutle public money olrcsdv
existed, w hcreuron be tc-o',cs. without the
least authority from Compress To- bcetow upon that
place a0 equal portion IF the public money. and
us he Viii have, twelve months hence 10 pey some
money IN That state lee makes "a single operation"
oft and. accordingly, he coulctscs That be has
actually Transferred public money into States which
cannot receive them Tor a yc,r acknowledgment.
wing the very community. which taiscd the money
OF the use Of II during that whole Period.
Such n.ctsue WBs Of itself cicnt 10 dsot.
rnniyc the cprrcncv But /, v,s ,cro,,r,nicJ Inv
another which armed If with, t.,cll noun, ~
mischief THE ,.. a.. 'T,o.,,,,.. .i. ,,,b,ht
inc tie trceilt at the Land o1iccs &c INV tL,,y
but srrric--nn mr., ,,l,rb .co,,. 20 n,o, mas,
vanIrp ,bn,, # ,o,,cr ir,,, e.,.,, ,.,,o,,,oo
The vLo,o re.,,,,r,. .,.,o,, r,,;a .a,,,,,v
Tim, n which ucxt IN ia cooJn, :, ,,, ia ,,os.
rcfity i tho .rs,c,n or croii, o,, .noos,o,.
emma bcro ,.,,L ma ,,,ro Ia, III g. L,,,o,
tbincs-u.,,b cop,oco sro in1n.trv md ,Lo;r ,,p,
orcspitnl was sunnlioa h, ,Ic, mo,r,l cop6dcoce.
This Is ,Ae basis or our whole commercial md IN.
,o,,.i ;,l, ~ c,,,..., .,, -, a.
ines on credit Wbcr tho .,les or land an c,,a,,
hccorc iucoryoniopt from tho cou,Ic,,i,n n nc
counts ,Lc lsnd. verc sold e., Win, i ,or,ocd c,.h
I'm, Ills vas only snotber firm If crcd;, far thu
b,nLs ia, lcpdi,, 70 tLose Ia, n,,,.L..al I.,J
tork tho ,l,ce Of tho Gnvo,,n,on, no c,od,ors ,,d
the G,yernncu, received ibc;, ro,os n. eon,,,Ion,
"a sr.c,. bccc,eo ,lu,cs ro,,or,ulo i,,a .nocio
This ,yos the ,spcc-,b,s ,,,y lao ,ec,,Joa os ,,o
law Of tic coun,rv Bv The tosolntinr orCo,,,e..
PASSED ON tbo 3OtL of Anil Is3G !, w,s dccl,,
ed rh,i ono duties taxes debts or sn,cs ~ mona,
accruing TO becoming poy,bIc 10 the limited Stoto,
ms elote,aid opoLt to be collected -, received
! UtHcrNl.p than the legal currency of the lfuie1
! States or Treasury notes or notes u( tho Rank Of
! the United States and maid ON demand in the ss,J
| legal currency of Tie u. States"
This resolution presents vnrions nlternativos-
! tie legal currorcy--or Treasury notes-or note.
of The bank Of tie u. Statcs--or notice Of specie
paying blnks. citizen had right 10 rhoo.e
any one Of ihcsc modes of payment, He Ind ma
much night 10 pay for land " i,h the notes Of n spe
cc paying bank. 10 pay il for duties si the Gus
| m.IIruse II this be denied certainly any one
Of them might be accepted Dt tho Treasury Bnt
to prescribe all bot one-to refuse every thing but
the most difficult Thing to do this wtlou, notice
of the approaching change in the fundamental svs.
! TEN Of our dcalngs--is on act Of gratuitous op-
precision.
! Under the operation Of ths resolution the Banks
bod gone on fearing nothing, as they had only 10
, provide for the specie cali. upon them-f,d saw
the country foil of specie, with no foreign 5enspd.
10 drain 1t from them -- when, on sudden siihou,
am lntimatiou Of tne coming shock, 40 order wa.
issued by the Sccrc'ory declaring that Their nrtcs
were no longer receivable mud. Of course, inviting
I oil who held notes or had deposits in tLose hanks