Constantine republican. [volume] (Constantine, Mich.) 1836-1838, 1837-09-13
List of Lots in one Mornings Paper:

besides some thousands of acres offered in Virgin
ia, Pennsylvania, New-Jersoy, and in every one
of the western states, and might add thousands
of lots on this Island and Brooklyn, that are Of
fered in various ways. As the first of February
approaches, the number will naturally increase.
There are not at this moment less than 5OO,O00
offered for sale within twenty miles circuit of
New York. These, allowing one to family of
six persons, would accommodate a population of
THREE MILLIONS more than now inhabt the same
tract of country.
This is calculated to give the reader some idea
of the extent to which this land specializing ma
MIA has been carried in the United States. That
the controllers of Banks well as the bal
ance of our population, were crazy, their present
situation too clearly shows. Eager to satisfy the
loud and repeated cries for oans and the inclina-
ton of the officers of those institutions to specu-
late themselves, has thrown too much of Their pa
per in circulation, and the extravaganza of our
importers in contracting foreign debts, and the
consequent withdrawal of the basis upon which
that circulation is founded has shaken confidence,
and run upon the Banks ensued as a matter of
course, the effect of which has been general sus-
pension ofspecie payments throughout the United
States. We could cite many cases Of extrava-
gance in the purchase Of lands in the western
country, while Bank bills were received by Gov
eminent. A President of one of the New.Eug-
land Banks came to Kalamazoo last year to buy
land, and such was his hurry that he did not wait
to sign the bills at home, but brought them in
sheets with the name of the Cashier signed, and
while his hir ID men were hunting land for him,
he was signing AMI cutting them apart, ready to
throw into the Land Office. The President of
the United States was aware of this delusion of
the money lenders and money borrowers-hc saw
that unless this wild spirit of speculation was
checked soon il would create universal distress
and destruction throughout the United States
no then caused the specie circular to be issued,
requiring those who purchased Government land
to buy it wi tn their own money, and not with mo-
ney that could be borrowed out of Banks on in
tcrest. Had this measure been adopted two years
previous the country would have been at this time
in a much better condition.
There are those among the opposition who are
liberal enough to admit that had the specie circu-
lar not been issued the revusion would have been
much more severe upon the community eventual
y, although it might not have come on SO soon,
while others audaciously assert that General jack
son has ruined the country by requiring specie,
the only lawful tendor) for Government dues,
and in putting down the United States Bank
and establishing a host Of small Banks in its
stead"
Instead Of General Jackson's running tho coun-
try by requiring specie in payment for Govern
ment land, and other dues, he saved the country
from rretrievablc ruin, us has been clearly shown
before. It is true that General jackson vetoed
tho bill re-chartering the Bank of the United
States, and gave as his reasons that il was un-
and that it was too great mo-
nopoiy to be in the hands Of a few people. This
was done while he was candidate for reelection
to the high and responsible offico of President of
The United States. The subject was thrown be-
foro the PEOPLE, in whose power il was to say
whether he should or should not be sustained |
The party arrayed against him made il test q.es-
ion, Bank or no Bank" They brought into
he field all their strength--crcated panics by |
means of their monster, then CONFERENCE.-The |
,anic speech mixers proclaimed from the stump
hat sour lakes and canals would become desert
waste of waters" Every appeal, in fact, that
'ould be, was made, both to tho feelings and tho