Constantine republican. [volume] (Constantine, Mich.) 1836-1838, 1837-08-23

Gen. Jackson's opinions.-The Globe of |
the 9th inst, contains the following ex-
tracts of private letters to the editor of
thatpaper,on the subject Of the currency,&c.
y SHOW is the time TO separate the gov
eminent from all banks--receive and dis
burse the revenue in nothing but gold and
silver coin, and the circulation of our coin
through all public disbursements will regu.
late the currency forever hereafter-keep
the government free from embarrassment,
whilst il leaves the commercial community
to trade upon IFS own capital, and the banks
to accommodate it with such exchange and
credit as best suits their own Interests
both being monoy-making concerns, de-
void Of patriotism, looking alone TO their
own intesests regardless Of all others. II
has been aud ever will be curse 20 the
government to have any ENHANCEMENT or
interest with either, or more than general
experimenting care of oil. But the com.
mcrcial community hitherto has been fos-
tered by the Government, to the great in.
jury Of the labor of the country, until the
mercantile aristocracy combined with the
banks, have assumed the right to control
and manage the government, as their par
ticular interest requires, regardless of the
rights of the great democracy of numbers,
who they believe ought to be, and they are
determined shall be hewers of wood and
drawers Of water. Irepeat that am proud
TO see the firm and noble stand taken by
the Executive Government on this occa-
sion. The people are with it, and will
support it trumphantly.
The history Of the world has never re-
corded such base treachery and perfidy as
has been committed by the deposite banks
against the Government, and purely with a
view of gratifying Biddle and the Earrings,
and by the suspension of specie payments,
degrade, embarrass, and RUIN IF THEY
COULD THEIR OWN COUNTRY, for the selfish
views Of making large profits by throwing
out millions of deprecated paper upon the
people-selling their specie at large premi-
ums, and buying up their own paper at
discounts of from twenty five to thirty per
cent, and now looking forward to be
INDUCED in these speculations for years
to come, before they resume specie pay
ments.
PRIVATE.
Hermitage, July %, 1887.
My DEAR SIR: have just received the
Globe of the 18th, and am pleased to dis
cover from it and other papers, that the de-
mocracy are uniting upon the plan of sep
arating the government from corporations
of all kinds, and to collect the revenue,
keep and disburse it, by their own agents.
This alone can secure safety to our reve-
nue., and control over issues of paper by
the state banks. The reuenue, reduced TO
the real aca',ts Of government, PAYABLE IN
GOLD AND SILVER COIN, (No cREDITs) TO BE
| Discussed BY THE GOVERNMENT IN GOLD
AND SILVER, WILL GIVE US AN UNDERWRITING
METALLIC CURRENCY, preuent hereafter over-
trading, and gice prosperity to all branches
Of business; whilst the banks and the com.
mercial community will be left to manage
their exchanges, and all matters between
them, in their own way, hope and trust
that the whole democracy of the whole
Union will unite in adopting these meas
ures, and the democracy of the numbers
will never have another contest with the ar
istocracy Of the few and their paper credit
system, upon which they at present rely to
( rule the country.
hope no treasury notes will be issued.
Thc'treasury drafts upon actual deposite
are constitutional, and do not par.ake of
paper credits as treasury notes, which are
subject TO depreciation by the merchants
and banks, and shavers and brokers an
will be, if issued, and the government can
not avoid it. Different must it be with
treasury drafts, drawn upon actual depos.
ties and from the conduct of the banks
and the merchants, they deserve no favors
from the government, which they have at
tempted 10 disgrace, and to destroy its
credit, both at home and abroad. 1t is the
great working class that deserves protec-
ton from the frauds Of the banks.