Western courier. [volume] (Ravenna, Ohio) 1837-1838, 1837-05-25
JOHN FoesyrH, Secretary Of State.
CONFIDENCE OF MERCHANTS AND
FARMERS IN OUR BANKS.

CONFIDENCE OF MERCHANTS AND
FARMERS IN OUR BANKS.
On monday, a gentleman well cq'ialnted
with business and with the suspension ct sPe-
Gle payments, went into the Bank OF Pitts
burgh, and exchanged about 5000 of Silver
for their Bank Notes; deliberately prJerring
The Notes.
On Tuesday, one Of the oldest, most veal
thy, and experienced mer hapts- who began
bis early career in our country by honest la.
Dor, at iif y cents a day, but has risen to the
highest erinence by perseveriog industry
sent $500 Of specie as deposite TO the MGR.
chants and Manufacturers Bank.
on Wednesday morning, an old Farmer,who
has Lived in our country and sold Ills produce
ia our, city for upwards Of thirty years: and
who owns stock in two banks, brought his
cash and took up his dividends to buy more
Bank Stock.
An old German, hearing the news, said he
had several hundred dollars in specie, and he
would give tito our Banks to keep them in
the hour Of trial; that he was moi afraid ofour
banks.
A Farmer, on Thursday last hearing that
our merchants were in want Of money, bro't
into the city large sum to lend them, in or.
der to aid them in their disIress
Now this is cheering. Let all follow the
example. and we viii soon have better times
The above is from Harris Pittsburgh
Inteligoncor, it portrays the true state of
things more forcibly than the most olabo-
rate article can.
The banks Of the country have expand
ed their issues to greater amount than
they are able to redeem, and having flood
ed the country with their bills, now worth
less as the rags ofwhich they were made,
and on thgverge of bankruptcy, must de.
pend for support on The honest, hard
working farmer who has accumulated
little money by the hardest, against the
time Of need 6,s
This little scrap Of the lnteligencer's
sustains the remark that We have often
made, that the honest strait-forward man
need not fear pressure in money mat
ters, and that it only effects those who
have attemptcdto to get rich by spcculating,
aad shaving the laboring classes.
--------------------
The following well-timcd article is
from the Conneaut Gazette, spirited,
well-conducted whig paper,a How differ
ent the ions u tiIliis dis article from the lead
ing articles in most Of tho whig papers of
the country. The Editor gives sure
panacea for the universal disease. Let
every one take large dose and we will
insure them, that il will effect a speedy
cure. @ A
The amount of our importations last
year was one huddred and eighty millions
of dollars, being an excess of sirty mill
ions over our exports A balance of trade
against us in single year nearly suffi
cient to absorb all the gold and silver mo-
ney the Union contains. Such being the
fact, who can wonder that the cry Of dis
trcss is waited on every breezo--who can
wonder at the appalling amount and num-
ber Of failures in the Commercial States
and cities? The truth is, the people of
the United States have been running mad
--ravin3 mad--for the last three or four
years. The good oldhabits of industry
and economy which gave individuals the
possession of solid aud tangible wealth,
and made our nation eminent among the
greatest of the earth, have been lost
sight of contemned and despised; near
lyevery man has been infected with a
mania for getting rich in moment and
without working Tho bitter fruits Of this
we are now r6aping. The present gene
ration are learning lesson which they.
will romemborto the end Of their lives,
and, harsh as il is, it isa most salutary
one. Wem must now turn short round-off
with our broad-cloth coats, len dollar hats,
silk gloves and go to work--aye that's
the word--ta work !! It's Of no use to
lie on our backs groaning hard times
hard times and invoking curses on the
heads OF the authors Of the Treasury Cir
cular, Nick Biddlo, A. Jackson, Mr.. Van
Buren,, &c. &c, &c. &c. We have il IN
our power to make good, times, and the
quicker we are about it the better. The
theme is one that might be dilated on to
the extent of volumes, but it is iust as
well disposed Of in few words. Let those
who have been living in LUXURY and now
find themselves nearly pennyless, sell off
their fine establishments, substitute home