The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1837-06-09

ating cutrency IN The paper oil Inc local
banks.
We have traced the documentary history
of the warfare on the Bank from lis com.
mencement in 1929, when the attack was
made on the express ground that the
Bank failed TO establish a sound and uni,
form currency"
This currency it was proposed to improve
BY substituting the better paper Currency
OF the local banks; and this remained Tor
FIVE years the policy OF the administration.
As the community became aware by re-
Election and experience that these banks
could no, furnish a general circulating me-
dun, aud that they did not, as per agree
ment, " honor each others notes and drafts,
IT became necessary 10 make still another
promise-to furnish substitute for the
substitute which had been given US for the
currency of the L. 5. Bank. And how is
il with this substituted substitute After
eight years OF lncessant aud harrasslng IN
reference with the currency, what has been
attained by Presden, Jackssn's own show,
ing Let the message Of 1886 speak fol
him.
Although various dangers TO our re
publican institutions have been obyIated By
the failure OF thai Bank to extor, from tn,
Government a renewal Of It's charter, II Is
Obvious that little has been accomplished
excep, salutary change Of public opinion
towards restoring to the country the sounc
currency provided BY the Constitution"
And how much is that little : And what
is that salutary clange IN public opinion
/. Three hundred and fifty. seven new
banks have been created. Q. One hundred
and seventy nine millions have been addet
to the banking capital. 3. The circulation
OF paper money has increased sl23,5Oo,
900. Loans and discounts have been 10
creased S39S, 100000.
And this is the marvellous good for " hici
we endured so much This is the resul
tor which We have passed through so muc
suffering, and are now the witnesses Of sue
wide spread devastation And the Execu
1--we looks calmly on-eSulllng IN lis lni
quiiies-reloic,ng 10 the run II has cause
and appealing for the Justification Of II
measures To the motives that induced then
aud the 0c.1-'' happy consequences 90 ,
which they haze resulted.
POSTSCRIPT.
Since writing the above, We have r,
celvcd further intelligence OF the Bette
Currency improved circulating m'
dun ct ~hirh Genera Jackson 50 ieart
ed, dlscourses IN ms messages. The SAFE
IL Fund and Drpo,i,c Banks IN New or
have suspended Specie Payments. THIS
the fpQie--,he dcnoleRent Of the Go
Humbug. General Jackson's . humble {
forts Tor the restoration of the Coast,t
foall CmreHcy-haye compelled the Banl
to suspend SpecIe Payments, and have l.t
rally cursed the country with a currency
Rags. Truly did Daniel Webster say
the memorable session Of 33 3i-"l wou
say to every honest man every where, wt
wishes hy honest means 10 gam an hone
living beware Of wolves ~ Sleeps clol!
ing whoever attempts under ~haieyC
popular cry, 10 shake she stability Of Ii
Public Currency, bring % distress 10 M
ney matters, and dr,ve the country into r.
per Mone', stabs Your interests and yot
happiness 10 toe heart Aud whoever b,
the wi,hedness 10 conceive and the hard
hood % ueow, n purpose to break dow
what has been found IN forty years exp
! rIence essential TO the protection OF all u
leresis by arraying one class against anot
er, and BY acting on such principle as III
, the poor Arrays hate The rich, shows h'r
self The reckless enemy OF all. An eueu
, to his whole country, To all classes, and
every man IN il, he deserves 10 be mark'
especially as the POOR MANS CURSE
ONO AGAINST THE WORLD t-Doub